{"id":40136,"date":"2026-03-09T12:43:20","date_gmt":"2026-03-09T12:43:20","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/par-%ed%8e%98%ed%8a%b8%eb%a1%a4%eb%a6%ac%ec%97%84-2025%eb%85%84-12%ec%9b%94-%eb%b6%84%ea%b8%b0-%eb%a7%a4%ec%b6%9c-18%ec%96%b51000%eb%a7%8c%eb%8b%ac%eb%9f%ac%eb%a1%9c-1-%ea%b0%90%ec%86%8ceps\/"},"modified":"2026-03-09T12:43:20","modified_gmt":"2026-03-09T12:43:20","slug":"par-%ed%8e%98%ed%8a%b8%eb%a1%a4%eb%a6%ac%ec%97%84-2025%eb%85%84-12%ec%9b%94-%eb%b6%84%ea%b8%b0-%eb%a7%a4%ec%b6%9c-18%ec%96%b51000%eb%a7%8c%eb%8b%ac%eb%9f%ac%eb%a1%9c-1-%ea%b0%90%ec%86%8ceps","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/par-%ed%8e%98%ed%8a%b8%eb%a1%a4%eb%a6%ac%ec%97%84-2025%eb%85%84-12%ec%9b%94-%eb%b6%84%ea%b8%b0-%eb%a7%a4%ec%b6%9c-18%ec%96%b51000%eb%a7%8c%eb%8b%ac%eb%9f%ac%eb%a1%9c-1-%ea%b0%90%ec%86%8ceps\/","title":{"rendered":"Par \ud398\ud2b8\ub864\ub9ac\uc5c4, 2025\ub144 12\uc6d4 \ubd84\uae30 \ub9e4\ucd9c 18\uc5b51,000\ub9cc\ub2ec\ub7ec\ub85c 1% \uac10\uc18c\u2026EPS\ub294 1.17\ub2ec\ub7ec\ub85c \uc0c1\uc2b9"},"content":{"rendered":"Par Petroleum\uc740 2025\ub144 12\uc6d4 \ubd84\uae30 \ub9e4\ucd9c 18\uc5b51,000\ub9cc\ub2ec\ub7ec\ub97c \uae30\ub85d\ud574 \uc804\ub144 \ub3d9\uae30 \ub300\ube44 1% \uac10\uc18c\ud588\ub2e4. \uc8fc\ub2f9\uc21c\uc774\uc775(EPS\u00b7\uae30\uc5c5\uc774 \ubc8c\uc5b4\ub4e4\uc778 \uc774\uc775\uc744 \uc8fc\uc2dd 1\uc8fc\ub85c \ub098\ub208 \uac12)\uc740 1.17\ub2ec\ub7ec\ub85c, 1\ub144 \uc804 -0.79\ub2ec\ub7ec\uc5d0\uc11c \ud751\uc790 \uc804\ud658\ud588\ub2e4.  \n\n\ub9e4\ucd9c\uc740 \uc7ad\uc2a4 \ucee8\uc13c\uc11c\uc2a4(\uc2dc\uc7a5 \ud3c9\uade0 \uc804\ub9dd\uce58) 17\uc5b51,000\ub9cc\ub2ec\ub7ec\ub97c 5.9% \uc6c3\ub3cc\uc558\ub2e4. EPS\ub294 \ucee8\uc13c\uc11c\uc2a4 1.21\ub2ec\ub7ec\ub97c 2.91% \ud558\ud68c\ud588\ub2e4.  \n\n<h3>Key Operating Metrics<\/h3>  \n\uc815\uc720 \uacf5\uc815 \ud22c\uc785\ub7c9(\uc6d0\uc720 \ub4f1 \uc6d0\ub8cc\ub97c \uc815\uc81c \uc124\ube44\uc5d0 \ud22c\uc785\ud55c \uaddc\ubaa8)\uc740 190,900(\ub2e8\uc704 \ud45c\uae30\uc0c1 \u2018millions of barrels of oil\u2019)\ub85c, \uc560\ub110\ub9ac\uc2a4\ud2b8 3\uba85\uc758 \ud3c9\uade0 \ucd94\uc815\uce58 189,129.2\ub97c \uc0c1\ud68c\ud588\ub2e4. \uc9c0\uc5ed\ubcc4 \ucc98\ub9ac\ub7c9\uc740 \ud558\uc640\uc774 87.10(MMBBL\/D\u00b7\ud558\ub8e8 \uae30\uc900 \uc218\ubc31\ub9cc \ubc30\ub7f4)\ub85c 85.96\uc744 \uc6c3\ub3cc\uc558\uace0, \uc6cc\uc2f1\ud134\uc740 37.00\uc73c\ub85c 36.08\uc744 \uc0c1\ud68c\ud588\ub2e4. \uc640\uc774\uc624\ubc0d\uc740 14.40\uc73c\ub85c 15.53\uc744 \ubc11\ub3cc\uc558\uc73c\uba70, \ubaac\ud0dc\ub098\ub294 52.40\uc73c\ub85c 51.55\ub97c \uc0c1\ud68c\ud588\ub2e4.  \n\n\uc6cc\uc2f1\ud134 \uc815\uc720\uacf5\uc7a5\uc758 \ubc30\ub7f4\ub2f9 \uc870\uc815 \ub9e4\ucd9c\ucd1d\uc774\uc775(Adjusted gross margin\u00b7\uc81c\ud488 \ud310\ub9e4\uc5d0\uc11c \uc6d0\ub8cc\ube44 \ub4f1 \uc9c1\uc811\ube44\ub97c \ube80 \uc218\uc775\uc131 \uc9c0\ud45c)\uc740 8.32\ub2ec\ub7ec\ub85c, \uc560\ub110\ub9ac\uc2a4\ud2b8 2\uba85 \ucd94\uc815\uce58 6.39\ub2ec\ub7ec\ub97c \uc6c3\ub3cc\uc558\ub2e4. \ubc30\ub7f4\ub2f9 \uc0dd\uc0b0\uc6d0\uac00(Production costs\u00b7\uc815\uc81c\u00b7\uac00\ub3d9\u00b7\uc720\uc9c0\ubcf4\uc218 \ub4f1 \uc0dd\uc0b0 \uacfc\uc815\uc5d0\uc11c \ub4e4\uc5b4\uac04 \ube44\uc6a9)\ub294 \uc640\uc774\uc624\ubc0d 13.27\ub2ec\ub7ec(\ucd94\uc815 10.25\ub2ec\ub7ec), \uc6cc\uc2f1\ud134 4.57\ub2ec\ub7ec(4.08\ub2ec\ub7ec), \ud558\uc640\uc774 4.15\ub2ec\ub7ec(4.70\ub2ec\ub7ec)\uc600\ub2e4.  \n\n\uc815\uc720 \ubd80\ubb38 \ub9e4\ucd9c\uc740 17\uc5b55,000\ub9cc\ub2ec\ub7ec\ub85c \ucd94\uc815\uce58 15\uc5b57,000\ub9cc\ub2ec\ub7ec\ub97c \uc6c3\ub3cc\uc558\uace0, \uc804\ub144 \ub3d9\uae30 \ub300\ube44 1.2% \uac10\uc18c\ud588\ub2e4. \uc18c\ub9e4 \ubd80\ubb38 \ub9e4\ucd9c\uc740 1\uc5b54,228\ub9cc\ub2ec\ub7ec\ub85c 1\uc5b54,587\ub9cc\ub2ec\ub7ec\uc5d0 \ubbf8\uce58\uc9c0 \ubabb\ud588\uc73c\ub098 0.5% \uc99d\uac00\ud588\ub2e4. \ubb3c\ub958 \ubd80\ubb38 \ub9e4\ucd9c\uc740 7,371\ub9cc\ub2ec\ub7ec\ub85c 7,400\ub9cc\ub2ec\ub7ec\ub97c \uc18c\ud3ed \ubc11\ub3cc\uba70 4.9% \uac10\uc18c\ud588\ub2e4.  \n\n2025\ub144 12\uc6d4 \ubd84\uae30 \uc2e4\uc801\uc744 \uc885\ud569\ud558\uba74 \ub9e4\ucd9c\uc740 \uc608\uc0c1\uce58\ub97c \uc6c3\ub3cc\uc558\uc9c0\ub9cc EPS\ub294 \uc6d4\uac00 \uc608\uc0c1\uc5d0 \ub2e4\uc18c \ubabb \ubbf8\ucce4\ub2e4. \ube44\uc6a9 \uad00\ub9ac\uac00 \ud575\uc2ec \ubcc0\uc218\ub85c \ub5a0\uc62c\ub790\ub2e4.  \n\n\uae0d\uc815\uc801\uc778 \ubd80\ubd84\uc740 \uc601\uc5c5 \uc9c0\ud45c\uac00 \uacac\uc870\ud588\ub2e4\ub294 \uc810\uc774\uba70, \ud2b9\ud788 \uc6cc\uc2f1\ud134 \uc815\uc720\uacf5\uc7a5\uc758 \ub9e4\ucd9c\ucd1d\uc774\uc775\uc774 \ub208\uc5d0 \ub744\uc5c8\ub2e4. \uc774\ub294 \uc2dc\uc7a5 \ud658\uacbd\uc774 \uc720\ub9ac\ud560 \ub54c \uc218\uc775\uc131\uc744 \ub04c\uc5b4\uc62c\ub9b4 \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \ucd5c\uadfc \ud55c \ub2ec \ub3d9\uc548 3:2:1 \ud06c\ub799 \uc2a4\ud504\ub808\ub4dc(\uc6d0\uc720 3\ubc30\ub7f4\uc744 \ub123\uc5b4 \ud718\ubc1c\uc720 2\ubc30\ub7f4\uacfc \uacbd\uc720 1\ubc30\ub7f4\uc744 \uc0dd\uc0b0\ud55c\ub2e4\uace0 \uac00\uc815\ud560 \ub54c\uc758 \uc815\uc81c\ub9c8\uc9c4 \uc9c0\ud45c)\uac00 \ubc30\ub7f4\ub2f9 30\ub2ec\ub7ec\ub97c \ub118\uc5b4\uc11c\uba70 \ud655\ub300\ub410\ub2e4\ub294 \uc810\uc744 \uace0\ub824\ud558\uba74, \uc774\uc775 \uac1c\uc120 \uc5ec\uc9c0\ub294 \uc874\uc7ac\ud55c\ub2e4.  \n\n<h3>Options Strategy Considerations<\/h3>  \n\ub2e4\ub9cc \ube44\uc6a9 \ucd08\uacfc\ub294 \ubd80\ub2f4\uc774\ub2e4. \ud2b9\ud788 \uc640\uc774\uc624\ubc0d \uc815\uc720\uacf5\uc7a5\uc740 \uc0dd\uc0b0\uc6d0\uac00\uac00 \uc608\uc0c1\ubcf4\ub2e4 \uc57d 30% \ub192\uc544 \uc6b0\ub824\uac00 \ud06c\ub2e4. WTI(\uc11c\ubd80\ud14d\uc0ac\uc2a4\uc0b0\uc6d0\uc720\u00b7\ubbf8\uad6d \ub300\ud45c \uc6d0\uc720 \uac00\uaca9 \uc9c0\ud45c) \uac00\uaca9\uc774 \ucd5c\uadfc \ubc30\ub7f4\ub2f9 85\ub2ec\ub7ec \uc548\ud30e\uc73c\ub85c \uac15\uc138\ub97c \ubcf4\uc774\ub294 \uc0c1\ud669\uc5d0\uc11c, \uc6d0\ub8cc \uac00\uaca9 \uc0c1\uc2b9\uacfc \ube44\uc6a9 \uc555\ub825\uc774 \ub3d9\uc2dc\uc5d0 \uc774\uc5b4\uc9c0\uba74 \ub192\uc740 \uc815\uc81c\ub9c8\uc9c4\uc758 \ud6a8\uacfc\uac00 \uc57d\ud574\uc9c8 \uc218 \uc788\ub2e4.  \n\n\uc774\ucc98\ub7fc \u2018\ub192\uc740 \ub9c8\uc9c4 \uac00\ub2a5\uc131\u2019\uacfc \u2018\ub192\uc740 \ube44\uc6a9 \uc704\ud5d8\u2019\uc774 \ucda9\ub3cc\ud558\ub294 \uad6c\uc870\ub294 PARR \uc635\uc158\uc758 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \uc2dc\uc7a5\uc758 \uc608\uc0c1 \ubcc0\ub3d9 \ud3ed)\uc774 \ub0ae\uac8c \ud3c9\uac00\ub410\uc744 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \ud070 \uc8fc\uac00 \ubcc0\ub3d9\uc5d0\uc11c \uc774\uc775\uc744 \ub178\ub9ac\ub294 \ub871 \uc2a4\ud2b8\ub798\ub4e4(long straddle\u00b7\uac19\uc740 \ub9cc\uae30\u00b7\uac19\uc740 \ud589\uc0ac\uac00\uc758 \ucf5c\uc635\uc158\uacfc \ud48b\uc635\uc158\uc744 \ub3d9\uc2dc\uc5d0 \ub9e4\uc218\ud558\ub294 \uc804\ub7b5)\uc740 \ud5a5\ud6c4 \uc218\uc8fc\uac04 \uace0\ub824 \ub300\uc0c1\uc774 \ub420 \uc218 \uc788\ub2e4. \uc8fc\uac00\uac00 \ub9c8\uc9c4 \uac1c\uc120\uc73c\ub85c \uc0c1\uc2b9\ud574\ub3c4, \ube44\uc6a9 \uc6b0\ub824\ub85c \ud558\ub77d\ud574\ub3c4 \uc774\uc775\uc744 \ub178\ub9ac\ub294 \uad6c\uc870\ub2e4.  \n\n\uac15\uc138 \uc804\ub9dd\uc5d0 \ubb34\uac8c\ub97c \ub450\ub294 \ud22c\uc790\uc790\ub77c\uba74 \uc678\uac00\uaca9(out-of-the-money\u00b7\ud604\uc7ac \uc8fc\uac00\ubcf4\ub2e4 \ubd88\ub9ac\ud55c \ud589\uc0ac\uac00) \ud48b \ud06c\ub808\ub527 \uc2a4\ud504\ub808\ub4dc(put credit spread\u00b7\ud48b\uc635\uc158\uc744 \ub9e4\ub3c4\ud558\uace0 \ub354 \ub0ae\uc740 \ud589\uc0ac\uac00\uc758 \ud48b\uc635\uc158\uc744 \ub9e4\uc218\ud574 \ud504\ub9ac\ubbf8\uc5c4\uc744 \ubc1b\ub418 \uc190\uc2e4 \ubc94\uc704\ub97c \uc81c\ud55c\ud558\ub294 \uc804\ub7b5)\ub97c \ud1b5\ud574 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)\uc744 \ubc1b\uc73c\uba74\uc11c \uc704\ud5d8\uc744 \uc81c\ud55c\ud560 \uc218 \uc788\ub2e4. \ucd5c\uadfc \ubd84\uae30 \uc815\uc720 \ub9e4\ucd9c\uc774 \ucd94\uc815\uce58\ub97c 11% \ub118\uac8c \uc0c1\ud68c\ud55c \uc810\uc740 \uc774\ub7f0 \uad00\uc810\uc758 \uadfc\uac70\uac00 \ub420 \uc218 \uc788\uc73c\uba70, \uc8fc\uac00\uac00 \ud6a1\ubcf4\ud558\uac70\ub098 \uc0c1\uc2b9\ud560 \ub54c \uc720\ub9ac\ud558\ub2e4.\n<p>\n\n<p><strong>\uc9c0\uae08 \ubc14\ub85c \uac70\ub798\ub97c \uc2dc\uc791\ud558\uc138\uc694 &#8211; VT Markets \uc2e4\uacc4\uc88c\ub97c \uac1c\uc124\ud558\ub824\uba74 <a href=\"https:\/\/www.vtmarkets.com\/kr\/trade-now\/\">\uc5ec\uae30<\/a>\ub97c \ud074\ub9ad\ud558\uc138\uc694 <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u201c\ub9e4\ucd9c \uc11c\ud504\ub77c\uc774\uc988\u00b7EPS \ubbf8\uc2a4\u201d \ud30c \ud398\ud2b8\ub864, \uc815\uc720 \uc9c0\ud45c\ub294 \ud0c4\ud0c4\u2014\uc6cc\uc2f1\ud134 \ub9c8\uc9c4 \ud638\uc870\u00b7\ud06c\ub799\uc2a4\ud504\ub808\ub4dc \ud655\ub300. \ub2e4\ub9cc \uc640\uc774\uc624\ubc0d \ube44\uc6a9 \uae09\uc99d\uc774 \ubcc0\uc218, \ubcc0\ub3d9\uc131 \ud655\ub300 \ubca0\ud305 \uc635\uc158\uc804\ub7b5 \ubd80\uac01.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-40136","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/40136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=40136"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/40136\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=40136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=40136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=40136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}