PARRPAR PACIFIC HOLDINGS, INC.
Crude Petroleum & Natural Gas
- Revenue
- $7.5B
- 6.4% YoY
- Operating margin
- 7.2%
- 1108% YoY
- EBITDA
- $683M
- 281% YoY
- Market cap
- $3.8B
- Employees
- 1,758
- $4M revenue each
- Net debt / EBITDA
- -0.3×
- −$176M net debt
- AI in 10-K
- 0.0
- mentions per 10K words
Takeover score 4 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo121% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo28% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo3% of assetsOver 40% of assets
- Shareholder dissentNo93% lowest supportAny vote under 80% support
Buyer economics 3 of 4
- Low revenue per employeeNo$4M · 68th pctBottom quartile of its SIC industry
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 0.3× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedYes$3.8B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$31M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $4.7B | $7.3B | $8.2B | $8.0B | $7.5B | 6.4% |
| Operating income | −$8M | $438M | $680M | $48M | $539M | 1031% |
| Net income | −$81M | $364M | $729M | −$33M | $369M | 1209% |
| Operating cash flow | −$28M | $453M | $579M | $84M | $445M | 432% |
| Capex | $30M | $53M | $82M | $136M | $149M | 9.8% |
| Stock-based comp | $8M | $9M | $12M | $26M | $17M | 35% |
| Buybacks | $2M | $8M | $68M | $142M | $125M | 12% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Mar 5, 2024 | CHAI TRUST CO LLC | SC 13D/A | 3.7% | Passive |
| Aug 2, 2022 | CHAI TRUST CO LLC | SC 13D/A | 5.6% | Passive |
| Jul 21, 2022 | CHAI TRUST CO LLC | SC 13D/A | 0.7% | Passive |
| Jul 8, 2022 | CHAI TRUST CO LLC | SC 13D/A | 3.2% | Passive |
| Jun 28, 2022 | CHAI TRUST CO LLC | SC 13D/A | 9.8% | Passive |
| Jun 7, 2022 | CHAI TRUST CO LLC | SC 13D/A | 10.9% | Passive |
| May 26, 2022 | CHAI TRUST CO LLC | SC 13D/A | 12.3% | Passive |
| May 13, 2022 | CHAI TRUST CO LLC | SC 13D/A | 16.3% | Passive |
| Apr 25, 2022 | CHAI TRUST CO LLC | SC 13D/A | 25.0% | Passive |
| Apr 15, 2022 | CHAI TRUST CO LLC | SC 13D/A | 16.5% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $31M · 27
- Net
- −$31M
Pay vs performance
No pay-versus-performance disclosure yet.