Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.
Sector: Oil refining
Geography: United States
COMM_PARR
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/PARR
| Period | Issues |
|---|---|
| 2023-03-31 Q1 | ✗Errors 1Warn 3 |
| 2023-06-30 Q2 | ✗Errors 1Warn 2 |
| 2023-09-30 Q3 | ✗Errors 1Warn 1 |
| 2023-12-31 FY | ✗Errors 1Warn 3 |
| 2023-12-31 Q4 | ⚠Warn 2 |
| 2024-03-31 Q1 | ✗Errors 2Warn 4 |
| 2024-06-30 Q2 | ⚠Warn 3 |
| 2024-09-30 Q3 | ⚠Warn 1 |
| 2024-12-31 FY | ⚠Warn 2 |
| 2024-12-31 Q4 | ✗Errors 2Warn 3 |
| 2025-03-31 Q1 | ✗Errors 2Warn 6 |
| 2025-06-30 Q2 | ⚠Warn 1 |
| 2025-09-30 Q3 | ⚠Warn 1 |
| 2025-12-31 FY | ⚠Warn 1 |
| 2025-12-31 Q4 | ✓OK |
| 2026-03-31 Q1 | ✗Errors 3Warn 3 |
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 1823.8 y/y 4.5% | 65.3 y/y — | 34.5 y/y -5.8% | 99.8 y/y 379.5% | 54.5 y/y — | -40.7 | -43.1 | 4209.5 y/y 12.2% | 1515.8 y/y 36.3% | 14.4% | 877.9 | Link |
| 2025-12-31 | Q4 2025 (3M) | OK | 1813.2 y/y -1.0% | 99.3 y/y 311.4% | 36.7 y/y 5.2% | 136.0 y/y 1228.8% | 77.7 y/y 239.5% | 93.8 | -27.5 | 3833.7 y/y 0.1% | 1511.5 y/y 26.9% | 25.4% | 740.6 | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 2012.9 y/y -6.1% | 358.5 y/y 884.1% | 36.3 y/y 13.8% | 394.8 y/y 478.0% | 262.6 y/y 3408.3% | 219.4 | -32.3 | 4076.6 y/y 5.8% | 1396.1 y/y 11.3% | 27.5% | 906.9 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 1893.4 y/y -6.1% | 96.8 y/y 98.9% | 34.7 y/y 8.0% | 131.5 y/y 62.7% | 59.5 y/y 219.0% | 133.6 | -48.1 | 3895.5 y/y -1.1% | 1148.4 y/y -9.3% | 21.0% | 1038.8 | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 1745.0 y/y -11.9% | -15.8 y/y -265.8% | 36.6 y/y 12.0% | 20.8 y/y -50.7% | -30.4 y/y — | -1.4 | -40.9 | 3753.3 y/y -0.5% | 1111.8 y/y -15.2% | -10.6% | 1110.6 | Link |
| 2024-12-31 | Q4 2024 (3M) | OK | 1832.2 y/y -16.1% | -47.0 y/y -126.8% | 34.9 y/y 9.3% | -12.0 y/y -105.8% | -55.7 y/y -119.3% | -15.5 | -47.7 | 3829.4 y/y -0.9% | 1191.3 y/y -10.8% | -2.7% | 1003.5 | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 2143.9 y/y -16.9% | 36.4 y/y -81.5% | 31.9 y/y -9.7% | 68.3 y/y -70.6% | 7.5 y/y -95.6% | 78.5 | -28.3 | 3853.3 y/y -0.9% | 1254.0 y/y 17.1% | 0.8% | 938.2 | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 2017.5 y/y 13.1% | 48.6 y/y 4.8% | 32.1 y/y 13.9% | 80.8 y/y 8.2% | 18.6 y/y -37.9% | -4.7 | -36.9 | 3936.9 y/y 9.1% | 1265.8 y/y 37.7% | 5.8% | 950.8 | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 1980.8 y/y 17.5% | 9.5 y/y -96.4% | 32.7 y/y 34.1% | 42.2 y/y -85.2% | -3.8 y/y -101.6% | 25.4 | -22.6 | 3771.7 y/y 13.4% | 1311.3 y/y 47.7% | -1.1% | 482.1 | Link |
| 2023-12-31 | Q4 2023 (3M) | OK | 2183.5 y/y — | 175.3 y/y — | 31.9 y/y — | 207.2 y/y — | 289.3 y/y — | -2.3 | -28.6 | 3863.9 y/y — | 1335.4 y/y — | 60.6% | 446.4 | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 2579.3 y/y — | 196.9 y/y — | 35.3 y/y — | 232.2 y/y — | 171.4 y/y — | 269.2 | -23.0 | 3888.8 y/y — | 1071.3 y/y — | 23.0% | 263.1 | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 1783.9 y/y — | 46.4 y/y — | 28.2 y/y — | 74.6 y/y — | 30.0 y/y — | 173.1 | -17.5 | 3610.0 y/y — | 919.3 y/y — | 13.3% | 458.9 | Link |
| 2023-03-31 | Q1 2023 (3M) | OK | 1685.2 y/y — | 261.4 y/y — | 24.4 y/y — | 285.8 y/y — | 237.9 y/y — | 139.1 | -13.2 | 3327.4 y/y — | 888.0 y/y — | — | -58.7 | Link |
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Current 49spot vs LTM +101%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: +542.6%
Main driver: US Crack Spread (refining margin) +101% vs LTM; revenue ×1.61 vs costs ×1.04; EBITDA 762→3 002; at 6.6× EV/EBITDA → +543%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| US Crack Spread (refining margin) (rev) | +60% | 48.55 | 24.12 | 26.46 | +101% | +10% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 7 543 |
| LTM EBITDA | 762 |
| LTM cash costs (revenue − EBITDA) | 6 781 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×1.608 (+61%) |
| = Spot revenue | 12 128 |
| Revenue multiplier — 3y price | ×1.058 (+6%) |
| = 3-year-price revenue | 7 982 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.040 (+4%) |
| = Spot cash costs | 7 052 |
| Cost multiplier — 3y price | ×1.040 (+4%) |
| = 3-year-price cash costs | 7 052 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 5 075 |
| = 3-year-price EBITDA | 929 |
| Conservative EBITDA = min(spot, avg) | 3 002 |
| 5 · Valuation → target market cap | |
| Historical EV/EBITDA (3-yr average) | 6.6x |
| Target EV = EV/EBITDA × conservative EBITDA | 19 670 |
| Net debt | 878 |
| Target market cap = EV − net debt | 18 792 |
| Current market cap | 2 924 |
Upside = target market cap ÷ current − 1 = +542.6%
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2023 Q2 | 1 784 | 1 701 | +4.8% | 75 | -25 | — |
| 2023 Q3 | 2 579 | 1 844 | +39.9% | 232 | 168 | +38.5% |
| 2023 Q4 | 2 184 | 1 556 | +40.3% | 207 | -273 | — |
| 2024 Q1 | 1 981 | 1 904 | +4.1% | 42 | -1 | — |
| 2024 Q2 | 2 017 | 2 001 | +0.8% | 81 | -42 | — |
| 2024 Q3 | 2 144 | 1 958 | +9.5% | 68 | -143 | — |
| 2024 Q4 | 1 832 | 1 857 | -1.3% | -12 | -175 | — |
| 2025 Q1 | 1 745 | 1 850 | -5.7% | 21 | -148 | — |
| 2025 Q2 | 1 893 | 2 039 | -7.1% | 131 | 97 | +36.1% |
| 2025 Q3 | 2 013 | 2 079 | -3.2% | 395 | 181 | +117.6% |
| 2025 Q4 | 1 813 | 1 854 | -2.2% | 136 | 74 | +84.9% |
| 2026 Q1 | 1 824 | 1 778 | +2.6% | 100 | 41 | +146.3% |
Current 5.7x · 3-year average 6.6x
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)