Core Insights - Par Pacific Holdings, Inc. (PARR) is scheduled to report its fourth-quarter 2025 results on February 24, 2026, after market close [1] - In the last reported quarter, PARR achieved earnings of $5.95 per share, significantly exceeding the Zacks Consensus Estimate of $1.98 [1] - PARR has had mixed performance in the past four quarters, missing the Zacks Consensus Estimate once and beating it three times, resulting in an average surprise of 77.5% [1] Earnings Estimates - The Zacks Consensus Estimate for fourth-quarter earnings is $1.21 per share, reflecting a substantial increase of 253.2% compared to the same quarter last year [2] - Revenue estimates for the fourth quarter are projected at $1.71 billion, indicating a decline of 6.55% from the previous year [2] Earnings Prediction - The model predicts an earnings beat for PARR, supported by a positive Earnings ESP of +1.25% and a Zacks Rank of 3 (Hold) [3] - The combination of these factors enhances the likelihood of an earnings beat for the upcoming report [3] Commodity Price Analysis - Average WTI spot prices for the fourth quarter of 2025 were $60.89, $60.06, and $57.97 per barrel for October, November, and December, respectively [4] - In comparison, the average prices for the same months in 2024 were higher at $71.99, $69.95, and $70.12 per barrel, suggesting a favorable environment for PARR's refining business due to lower crude prices [5] Industry Context - Other major energy companies, including Exxon Mobil (XOM), Chevron (CVX), and BP, have reported their fourth-quarter results, with all three beating their respective Zacks Consensus Estimates [6][7] - XOM reported earnings of $1.71 per share, CVX reported $1.52, and BP reported adjusted earnings of 60 cents per share, all exceeding expectations [6][7]

HF Sinclair beats profit estimates, says CEO to take voluntary leave | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]HF Sinclair Corp logo is seen displayed in this illustration taken, April 10, 2023. REUTERS/Dado Ruvic/Illustration [Purchase Licensing Rights, opens new tab]- Companies[HF Sinclair Corp]FollowFeb 18 (Reuters) - HF Sinclair [(DINO.N), opens new tab] topped Wall Street estimates for fourth-quarter profit on Wednesday, ...

Nigerian industrial conglomerate Dangote Group has signed a $400m construction equipment agreement with XCMG Construction Machinery, a Chinese manufacturer of construction machinery. The agreement will help boost the capacity of the Dangote Petroleum Refinery & Petrochemicals from 650,000 barrels per day to 1.4 million barrels per day. This expansion aims to position it among the largest refineries in the world. The agreement enables Dangote to access a wider range of advanced construction equipment for ...

Key Takeaways Phillips 66 trades at 13.25x EV/EBITDA, well above the industry average of 5.13x.PSX could benefit from softer WTI prices, with EIA seeing lower oil prices through 2026.Phillips 66 allocates $1.11B each to refining and midstream, adding stability despite 38% leverage.Phillips 66 (PSX) is trading at a trailing 12-month EV/EBITDA multiple of 13.25x, which is higher than the broader industry average of 5.13x. Valero Energy Corporation (VLO) and Par Pacific Holdings, Inc. (PARR) , two other refine ...

Key Takeaways Valero Energy shares closed at $196.91, nearing a $206.77 52-week high.VLO could benefit from softer crude prices, lowering feedstock costs and lifting margins.Valero trades at 7.73X EV/EBITDA, above the industry average of 5.06X.Valero Energy Corporation (VLO) stock is rapidly approaching its 52-week high of $206.77, closing at $196.91 on Feb. 12. The stock has risen 50.3% compared with the broader sub-industry gain of 30.2%. Its sub-industry peers, Phillips 66 (PSX) and HF Sinclair (DINO) , ...

Key Takeaways Phillips 66 may benefit as softer WTI prices reduce crude input costs for its refining segment.EIA sees rising global inventories, projecting 2026 WTI at $53.42 per barrel vs. $65.40 in 2025.PSX shares rose 22% in a year; 2026 earnings estimates have moved higher in the past week.West Texas Intermediate (WTI) oil price is currently hovering around $63 per barrel, according to data from Oilprice.com, which is significantly lower than a year ago. Phillips 66 (PSX) is likely to gain from the soft ...

Key Takeaways PBF Energy posted Q4 adjusted EPS of 49 cents, beating estimates and the year-ago loss.PBF's refining margin rose to $11.16 per barrel as throughput climbed to 888.9K bpd.PBF Energy's Logistics segment profit edged up to $52.7M from $51.7M a year ago.PBF Energy Inc. (PBF) reported a fourth-quarter 2025 adjusted earnings of 49 cents per share, which beat the Zacks Consensus Estimate of a loss of 15 cents. The bottom line also improved from the year-ago quarter’s loss of $2.82 per share.Total qu ...

Exclusive: India's Reliance wins US licence for Venezuelan oil, sources say | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A guard walks past the Reliance Industries logo near the entrance of Dhirubhai Ambani Knowledge City in Navi Mumbai, March 15, 2024. REUTERS/Francis Mascarenhas/File Photo [Purchase Licensing Rights, opens new tab]- Companies- Summary- Trump wants India to buy more oil from US and Venezuela- Direct import of V ...

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the **Energy sector**, highlighting a significant repricing of energy equities in 2026, with the XLE index up **23%** compared to the S&P 500's **1%** increase. This strength is attributed to positive GDP revisions, a tech rotation, and favorable oil momentum amid geopolitical uncertainties and smaller-than-expected surpluses [1][2]. Core Investment Ideas - The report identifies **10 stocks** with attractive total return potential, averaging **19%** total return, based on a mid-cycle view of **$70** Brent and **$3.75** Henry Hub prices [1][5]. Key Stocks and Their Investment Thesis 1. **HF Sinclair Corporation (DINO)** - Current Price: **$58.76**, Price Target: **$64** (9% upside) - Expected total return of **12%** with a **3%** dividend yield. - Strong balance sheet, non-refining earnings contributions, and exposure to a tighter West Coast market are key drivers [6]. 2. **ConocoPhillips (COP)** - Current Price: **$111.21**, Price Target: **$120** (8% upside) - Expected total return of **11%** with a **3%** dividend yield. - Major growth projects and cost reductions expected to generate **$7 billion** in incremental free cash flow by 2029 at **$70/b** WTI [7][9]. 3. **EQT Corporation (EQT)** - Current Price: **$56.93**, Price Target: **$66** (16% upside) - Expected total return of **17%** with a **1%** dividend yield. - Strong inventory position in the low-cost Appalachian Basin and improved cost structure post-acquisition are highlighted [10]. 4. **Viper Energy, Inc. (VNOM)** - Current Price: **$43.85**, Price Target: **$54** (23% upside) - Expected total return of **29%** with a **5%** dividend yield. - No-capex business model and commitment to return **75%** of cash available for distribution to shareholders are key factors [11]. 5. **Diamondback Energy, Inc. (FANG)** - Current Price: **$169.01**, Price Target: **$187** (11% upside) - Expected total return of **13%** with a **2%** dividend yield. - Strong operational execution and commitment to return capital to shareholders are emphasized [13]. 6. **Kinder Morgan, Inc. (KMI)** - Current Price: **$31.45**, Price Target: **$32** (2% upside) - Expected total return of **6%** with a **4%** dividend yield. - Significant natural gas-focused backlog and recent earnings beat are noted [14]. 7. **Cheniere Energy, Inc. (LNG)** - Current Price: **$219.41**, Price Target: **$275** (25% upside) - Expected total return of **26%** with a **1%** dividend yield. - Highly contracted asset footprint provides insulation from commodity price downside [15]. 8. **Golar LNG Limited (GLNG)** - Current Price: **$44.20**, Price Target: **$56** (27% upside) - Expected total return of **29%** with a **2%** dividend yield. - Shift towards floating liquefaction business and potential for significant EBITDA growth are highlighted [18]. 9. **Halliburton Company (HAL)** - Current Price: **$35.03**, Price Target: **$40** (14% upside) - Expected total return of **16%** with a **2%** dividend yield. - Strong performance in international markets and potential for margin expansion are noted [19]. 10. **Vistra Corp. (VST)** - Current Price: **$160.15**, Price Target: **$205** (28% upside) - Expected total return of **29%** with a **1%** dividend yield. - Upside potential from contracting remaining nuclear generation and favorable valuation metrics are discussed [21]. Additional Insights - The report emphasizes the importance of monitoring macroeconomic factors, commodity prices, and operational execution as key risks for the companies mentioned [26][27][29][30][31][34]. - The overall sentiment in the energy sector remains constructive, with expectations of continued strength in energy services and integrated oil stocks, despite some relative weakness in gas exploration and production [23]. This comprehensive overview captures the essential insights and investment opportunities within the energy sector as discussed in the conference call.

Performance improvement in Q4 was primarily driven by widening heavy and medium crude differentials, which directly benefit PBF's high-complexity coastal refining system. The Martinez refinery is on the cusp of a methodical restart following a year-long rebuild, with full operations expected by early March to supply a tight California fuel market. Management attributes the company's torque to its ability to process approximately 200 million barrels of heavy/sour crude annually, representing 55-60% of ...