← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
PAR PACIFIC HOLDINGS, INC.: Revenue declined 6.4% to $7.465B from $7.974B. The company moved from a net loss of $33.322M to net income of $369.391M. Free cash flow turned positive at $296.464M from an outflow of $51.764M. Operating margin expanded 662 bps to 7.22%. PAR PACIFIC HOLDINGS, INC.'s annual comparison also shows capital spending grew faster than revenue; inventory grew faster than revenue.
The read at a glance✓ Audited against SEC data
- Growth — Revenue declined 6.4%Watch
- Profitability — The company moved from a net loss of $33.322M to net income of $369.391MOK
- Cash flow — Free cash flow turned positive at $296.464M from an outflow of $51.764MOK
- Margins — Operating margin expanded 662 bps to 7.22%OK
- Accounting — No overriding statistical warningNote
- Insiders — 0 purchases and 16 salesWatch
Business
Our business is organized into three primary segments: 1) Refining - We own and operate four refineries with total operating crude oil throughput capacity of 219 Mbpd.
Where the revenue comes from
Fiscal 2025, as PAR PACIFIC HOLDINGS, INC. reports it. History and quarterly detail are in the app.
- Refining$7.2B
- Retail$576.7M
- Logistics$298.4M
Leadership changes
From PAR PACIFIC HOLDINGS, INC.'s own filings, the day they're filed.
- William Pate · Chief Executive Officer · departureeff. 2024-04-30
- William Monteleone · Chief Executive Officer · departureeff. 2024-02-23
Latest filings
- 8-K · Company announcement2026-08-25
- 10-Q · Quarterly report2026-08-05
- 8-K · Company announcement2026-08-05
- 8-K · Company announcement2026-05-14
- 8-K · Company announcement2026-05-11
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about PAR PACIFIC HOLDINGS, INC., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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