Stock Track | Par Pacific Plunges as Q3 Earnings Disappoint

Stock Track11-05

Shares of Par Pacific Holdings (PARR) plummeted by 5.25% on Monday, following the company's disappointing third-quarter earnings report. The energy company reported a quarterly adjusted loss of $0.10 per share, missing analyst expectations of a $0.06 loss.

Par Pacific's revenue also fell short, declining 16.9% year-over-year to $2.14 billion, below the consensus estimate of $1.89 billion. The company's net income for the quarter was a meager $7.49 million, a significant drop from the previous year's strong performance.

Analysts had lowered their earnings estimates for Par Pacific in recent months, with five analysts negatively revising their projections in the last 30 days. The lackluster results reflect the ongoing challenges faced by the energy sector, as well as the impact of macroeconomic factors on the company's operations.

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The energy company reported a quarterly adjusted loss of $0.10 ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PARR","symbol_name":"Par Pacific","start_time":0,"source_url":"","article_id":"1194071259","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1194071259","pubTimestamp":1730821939,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Par Pacific Holdings  plummeted by 5.25% on Monday, following the company's disappointing third-quarter earnings report. 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