Par Pacific
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Par Pacific (PARR) investor relations material

Par Pacific Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Par Pacific Holdings Inc
Q3 2026 earnings summary4 Nov, 2026

Executive summary

  • Q3 adjusted EBITDA was $646.0M and Adjusted Net Income was $531.5M; results included $222.0M and $187.2M of SRE benefits, respectively.

  • Net income attributable to shareholders was $353.3M, or $7.11 diluted EPS; revenue reached $3.052B.

  • Hawaii completed its turnaround, Renewables posted its first profitable quarter, and quarter-end liquidity was $2.4B with a net cash position.

Financial highlights

  • Revenue was $3.052B vs. $2.013B YoY; operating income was $472.1M vs. $358.5M.

  • Net income attributable to shareholders was $353.3M vs. $262.6M; diluted EPS was $7.11 vs. $5.16.

  • Adjusted Net Income was $531.5M vs. $302.6M; Adjusted EBITDA was $646.0M vs. $372.5M.

  • Operating cash flow was $838.9M, including $387.0M in working-capital inflows and $50.0M of deferred turnaround expenditures.

Outlook and guidance

  • Q4 refining throughput guidance: Hawaii 85,000–89,000 bpd, Washington 39,000–42,000, Wyoming 16,000–18,000 and Montana 53,000–57,000; system midpoint 200,000 bpd.

  • Q4 Hawaii Renewables throughput guidance was 2,800–3,400 bpd; renewable diesel production was expected to progress toward ~4,000 bpd nameplate over coming quarters.

  • Laramie sale was expected to close by year-end 2026, subject to approvals; consideration was $148M, including $28M payable on the fifth closing anniversary, plus up to $30M in earn-outs.

  • FY2026 capital and turnaround costs were expected to finish slightly above guidance; 2027 priorities included organic growth and opportunistic repurchases.

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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.