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Side-by-side financial comparison of Brookfield Renewable Partners L.P. (BEP) and PAR PACIFIC HOLDINGS, INC. (PARR). Click either name above to swap in a different company.

PAR PACIFIC HOLDINGS, INC. is the larger business by last-quarter revenue ($1.8B vs $1.7B, roughly 1.1× Brookfield Renewable Partners L.P.). Brookfield Renewable Partners L.P. runs the higher net margin — 5.9% vs 4.3%, a 1.6% gap on every dollar of revenue. On growth, Brookfield Renewable Partners L.P. posted the faster year-over-year revenue change (14.2% vs -1.0%).

Brookfield Renewable Partners L.P. is a publicly traded limited partnership that owns and operates renewable power assets, with corporate headquarters in Toronto, Ontario, Canada. It is 60% owned by Brookfield Asset Management.

Par Pacific Holdings is a Houston-based American oil and gas exploration and production company. Known as Par Petroleum Corporation after it emerged from bankruptcy, it was renamed Par Pacific Holdings on October 20, 2015. As of 2017 it was a Fortune 1000 corporation.

BEP vs PARR — Head-to-Head

Bigger by revenue
PARR
PARR
1.1× larger
PARR
$1.8B
$1.7B
BEP
Growing faster (revenue YoY)
BEP
BEP
+15.2% gap
BEP
14.2%
-1.0%
PARR
Higher net margin
BEP
BEP
1.6% more per $
BEP
5.9%
4.3%
PARR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BEP
BEP
PARR
PARR
Revenue
$1.7B
$1.8B
Net Profit
$100.0M
$77.7M
Gross Margin
Operating Margin
5.5%
Net Margin
5.9%
4.3%
Revenue YoY
14.2%
-1.0%
Net Profit YoY
213.6%
239.5%
EPS (diluted)
$-0.22
$1.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BEP
BEP
PARR
PARR
Q4 25
$1.8B
Q3 25
$2.0B
Q2 25
$1.7B
$1.9B
Q1 25
$1.7B
Q4 24
$1.8B
Q3 24
$2.1B
Q2 24
$1.5B
$2.0B
Q1 24
$2.0B
Net Profit
BEP
BEP
PARR
PARR
Q4 25
$77.7M
Q3 25
$262.6M
Q2 25
$100.0M
$59.5M
Q1 25
$-30.4M
Q4 24
$-55.7M
Q3 24
$7.5M
Q2 24
$-88.0M
$18.6M
Q1 24
$-3.8M
Operating Margin
BEP
BEP
PARR
PARR
Q4 25
5.5%
Q3 25
17.8%
Q2 25
5.1%
Q1 25
-0.9%
Q4 24
-2.6%
Q3 24
1.7%
Q2 24
2.4%
Q1 24
0.5%
Net Margin
BEP
BEP
PARR
PARR
Q4 25
4.3%
Q3 25
13.0%
Q2 25
5.9%
3.1%
Q1 25
-1.7%
Q4 24
-3.0%
Q3 24
0.3%
Q2 24
-5.9%
0.9%
Q1 24
-0.2%
EPS (diluted)
BEP
BEP
PARR
PARR
Q4 25
$1.40
Q3 25
$5.16
Q2 25
$-0.22
$1.17
Q1 25
$-0.57
Q4 24
$-0.98
Q3 24
$0.13
Q2 24
$-0.28
$0.32
Q1 24
$-0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BEP
BEP
PARR
PARR
Cash + ST InvestmentsLiquidity on hand
$1.9B
$164.1M
Total DebtLower is stronger
$802.9M
Stockholders' EquityBook value
$33.3B
$1.5B
Total Assets
$98.6B
$3.8B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEP
BEP
PARR
PARR
Q4 25
$164.1M
Q3 25
$159.1M
Q2 25
$1.9B
$169.2M
Q1 25
$133.7M
Q4 24
$191.9M
Q3 24
$183.0M
Q2 24
$1.2B
$179.7M
Q1 24
$228.3M
Total Debt
BEP
BEP
PARR
PARR
Q4 25
$802.9M
Q3 25
$967.1M
Q2 25
$1.1B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.0B
Q2 24
$1.1B
Q1 24
$639.5M
Stockholders' Equity
BEP
BEP
PARR
PARR
Q4 25
$1.5B
Q3 25
$1.4B
Q2 25
$33.3B
$1.1B
Q1 25
$1.1B
Q4 24
$1.2B
Q3 24
$1.3B
Q2 24
$28.0B
$1.3B
Q1 24
$1.3B
Total Assets
BEP
BEP
PARR
PARR
Q4 25
$3.8B
Q3 25
$4.1B
Q2 25
$98.6B
$3.9B
Q1 25
$3.8B
Q4 24
$3.8B
Q3 24
$3.9B
Q2 24
$73.8B
$3.9B
Q1 24
$3.8B
Debt / Equity
BEP
BEP
PARR
PARR
Q4 25
0.53×
Q3 25
0.69×
Q2 25
0.97×
Q1 25
1.04×
Q4 24
0.93×
Q3 24
0.83×
Q2 24
0.84×
Q1 24
0.49×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BEP
BEP
PARR
PARR
Operating Cash FlowLast quarter
$379.0M
$93.8M
Free Cash FlowOCF − Capex
$66.3M
FCF MarginFCF / Revenue
3.7%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
3.79×
1.21×
TTM Free Cash FlowTrailing 4 quarters
$296.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEP
BEP
PARR
PARR
Q4 25
$93.8M
Q3 25
$219.4M
Q2 25
$379.0M
$133.6M
Q1 25
$-1.4M
Q4 24
$-15.5M
Q3 24
$78.5M
Q2 24
$231.0M
$-4.7M
Q1 24
$25.4M
Free Cash Flow
BEP
BEP
PARR
PARR
Q4 25
$66.3M
Q3 25
$187.1M
Q2 25
$85.5M
Q1 25
$-42.3M
Q4 24
$-63.1M
Q3 24
$50.2M
Q2 24
$-41.6M
Q1 24
$2.8M
FCF Margin
BEP
BEP
PARR
PARR
Q4 25
3.7%
Q3 25
9.3%
Q2 25
4.5%
Q1 25
-2.4%
Q4 24
-3.4%
Q3 24
2.3%
Q2 24
-2.1%
Q1 24
0.1%
Capex Intensity
BEP
BEP
PARR
PARR
Q4 25
1.5%
Q3 25
1.6%
Q2 25
2.5%
Q1 25
2.3%
Q4 24
2.6%
Q3 24
1.3%
Q2 24
1.8%
Q1 24
1.1%
Cash Conversion
BEP
BEP
PARR
PARR
Q4 25
1.21×
Q3 25
0.84×
Q2 25
3.79×
2.25×
Q1 25
Q4 24
Q3 24
10.48×
Q2 24
-0.25×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BEP
BEP

Segment breakdown not available.

PARR
PARR

Distillates$750.6M41%
Gasoline$603.9M33%
Other Refined Products$348.8M19%
Logistics$73.7M4%
Other Revenues$44.8M2%

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