Par Pacific's Refining Business to Benefit from Soft Oil Prices

Par Pacific Holdings Inc. (PARR) is likely to benefit from the current low crude oil prices due to its refining business, which allows it to purchase oil at a lower cost and produce end products like gasoline and distillates. Refining operations also contribute to Phillips 66's (PSX) earnings, and Valero Energy Corporation (VLO) expects refining to generate sufficient cash flows to support shareholders' returns and growth. PARR's stock has gained 184% over the past year, and it trades at a trailing 12-month enterprise value to EBITDA of 5.47X. The Zacks Consensus Estimate for PARR's 2025 earnings has seen upward revisions.