)
Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
Par Pacific
Par Pacific (PARR) investor relations material
Par Pacific Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary25 Feb, 2026
Executive summary
Achieved full-year Adjusted EBITDA of $634 million and Adjusted net income of $7.56 per share, reflecting substantial profit and operational progress in 2025.
Net income for 2025 was $369.4 million, reversing prior year losses; Q4 net income was $77.7 million.
Repurchased 6.5 million shares in 2025, reducing share count by 10%.
Advanced strategic initiatives, including Montana turnaround, Hawaii renewables, and cost reduction.
Strengthened balance sheet and improved liquidity by 49% to $915 million.
Financial highlights
Fourth quarter Adjusted EBITDA was $113 million; Adjusted net income was $60 million, or $1.17 per share.
Full-year Adjusted EBITDA reached $634 million; Adjusted net income was $390 million, or $7.56 per share.
Revenues for Q4 2025 were $1.81 billion; full-year revenues were $7.46 billion.
System-wide refining capture was 93% for Q4 and 94% for the year.
Total liquidity at year-end was $915 million; gross term debt at $640 million.
Outlook and guidance
Entering 2026 with focus on expanding earnings power, improving mid-cycle earnings, and disciplined capital allocation.
Board authorized a new $250 million share repurchase program with no end date.
Q1 throughput guidance: Hawaii 85,000–89,000 bpd, Washington 24,000–28,000 bpd, Wyoming 13,000–16,000 bpd, Montana 52,000–56,000 bpd; system-wide midpoint 182,000 bpd.
Combined refining index for Q1 to date is $6.70/bbl, with February improving by $2/bbl over January.
Hawaii renewable fuels project progressing toward startup.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Par Pacific earnings date
Q1 20266 May, 2026
Par Pacific
Next Par Pacific earnings date
Q1 20266 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Par Pacific Holdings Inc. is an energy company that operates in refining, logistics, and retail sectors, primarily in the United States. The company owns and operates oil refineries, supplying refined products such as gasoline, diesel, and jet fuel. Par Pacific also manages logistics assets, including pipelines and storage facilities, to support its refining operations. Additionally, it runs a network of retail gas stations under various brand names, serving consumers with fuel and convenience products. The company focuses on integrated energy operations across its value chain. The company is headquartered in Houston, Texas, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage