Par Pacific Holdings Inc. (PARR) saw its stock price soar 5.07% during intraday trading on Friday, following the release of its fourth-quarter 2025 earnings details and a positive analyst action.
The company published the transcript of its Q4 2025 earnings call, highlighting a year of meaningful progress. Management reported full-year 2025 adjusted EBITDA of $634 million and adjusted net income of $7.56 per share, alongside record annual refining throughput. The company also strengthened its balance sheet, reduced costs, and ended the year with record liquidity of $915 million. Strategic initiatives, including the Hawaii renewables project, are advancing as planned.
Adding to the positive sentiment, TD Cowen raised its price target on Par Pacific to $48 from $39, maintaining a Buy rating on the shares. The firm cited the company's fourth-quarter results as the reason for the upward revision, signaling confidence in the company's financial performance and future prospects.
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