Filing Flows › PAR Pacific Holdings (PARR) › Q1 2025
PAR Pacific Holdings (PARR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
PAR Pacific Holdings (PARR) reported revenue of $1.7B for the first quarter 2025 (Q1 2025), -12% from a year earlier and -5% from the quarter before. Operating margin was -0.9%, net loss $30.4M (1.7% of revenue).
PAR Pacific Holdings, Q1 2025: revenue $1.7B (-12% year over year), operating margin -0.9%, net loss $30.4M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | -5% | -12% |
| Operating profit | −$15.8M | — | — |
| Net earnings | −$30.4M | — | — |
| Operating cash flow | −$1.4M | — | — |
What changed
Revenue was $1.7B in Q1 2025, down 12% year over year and down 5% from the previous quarter. Fuel revenue was the largest line at 94% of revenue. Fuel revenue lost $0.27B year over year (down 14%), 115% of the total change.
Operating costs exceeded revenue by $0.02B, an operating margin of -0.9%. Total costs fell 11% while revenue fell 12%. The quarter ended with a net loss of $0.03B, narrower than the previous quarter's $0.06B loss. Net interest and other expense of $0.02B was the main reason.
Operating cash flow was −$1.4M. Non-cash charges added back $0.04B of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items used $0.01B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.04B.
Questions
What was PAR Pacific Holdings' revenue in the first quarter 2025?
PAR Pacific Holdings (PARR) reported revenue of $1.7B for the first quarter 2025 (Q1 2025), -12% from a year earlier and -5% from the quarter before.
Was PAR Pacific Holdings profitable in the first quarter 2025?
Operating loss was $15.8M (-0.9% of revenue) and net loss $30.4M.