Advertisement
New Zealand markets close in 57 minutes
  • NZX 50

    11,706.44
    -158.45 (-1.34%)
     
  • NZD/USD

    0.6129
    -0.0015 (-0.25%)
     
  • NZD/EUR

    0.5724
    -0.0009 (-0.16%)
     
  • ALL ORDS

    7,960.50
    -14.30 (-0.18%)
     
  • ASX 200

    7,717.20
    -7.10 (-0.09%)
     
  • OIL

    78.20
    -0.25 (-0.32%)
     
  • GOLD

    2,338.20
    -10.90 (-0.46%)
     
  • NASDAQ

    19,659.80
    +82.90 (+0.42%)
     
  • FTSE

    8,146.86
    -16.81 (-0.21%)
     
  • Dow Jones

    38,589.16
    -57.94 (-0.15%)
     
  • DAX

    18,002.02
    -263.68 (-1.44%)
     
  • Hang Seng

    17,975.14
    +33.36 (+0.19%)
     
  • NIKKEI 225

    38,039.44
    -775.12 (-2.00%)
     
  • NZD/JPY

    96.4060
    -0.2460 (-0.25%)
     

Par Pacific Holdings First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Par Pacific Holdings (NYSE:PARR) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.98b (up 18% from 1Q 2023).

  • Net loss: US$3.75m (down by 102% from US$237.9m profit in 1Q 2023).

  • US$0.064 loss per share (down from US$3.96 profit in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Par Pacific Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is expected to decline by 8.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.1%.

ADVERTISEMENT

Performance of the American Oil and Gas industry.

The company's shares are down 2.4% from a week ago.

Valuation

Par Pacific Holdings' financial results now indicate the company's shares could present an opportunity based on 6 important indicators. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.