Stock Track | Par Pacific Plunges 6.78% After-Hours on Q1 Profit Misses Despite Revenue Beat
Stock Track
May 06
Par Pacific's stock tumbled 6.78% in after-hours trading following the release of its first-quarter 2026 financial results.
The company reported adjusted earnings per share of $0.78, falling short of the $0.81 estimate. Additionally, key profitability metrics missed analyst expectations, with adjusted EBITDA coming in at $91.5 million versus the $99.9 million estimate and adjusted net income at $38.5 million compared to the $49.1 million forecast.
While the company's revenue of $1.82 billion exceeded the $1.77 billion estimate, investors focused on the profit shortfalls, leading to the significant after-hours sell-off.
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