)
Par Pacific (PARR) investor relations material
Par Pacific Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net income for Q3 2025 surged to $262.6 million ($5.16 per diluted share), driven by a significant SRE gain and strong refining, retail, and logistics performance.
Adjusted EBITDA for Q3 2025 was $372.5 million, reflecting robust refining operations and SRE benefits.
Closed Hawaii Renewables joint venture, receiving $100 million in proceeds and advancing renewable fuels construction.
Development pipeline expanding with new store openings and redevelopment, especially in the Pacific Northwest and Hawaii.
Optimistic market outlook as product margins rally due to tight supply/demand and geopolitical disruptions.
Financial highlights
Q3 2025 revenues were $2.01 billion, down year-over-year due to lower crude prices, but offset by higher crack spreads.
Adjusted EBITDA was $372.5 million; adjusted net income was $302.6 million, with a $195.9 million SRE gain.
Operating income rose to $358.5 million from $36.4 million year-over-year.
Cash provided by operations was $219.4 million, with quarter-end liquidity up 14% to $735.2 million.
Repurchased $16.4 million of common stock at an average price of $31.57 per share.
Outlook and guidance
Construction of the Hawaii renewable fuels facility is on track for completion by end of 2025.
Q4 system-wide throughput expected between 184,000 and 193,000 barrels per day.
Management expects sufficient liquidity to meet capital, turnaround, and debt service needs for the next 12 months.
Hawaii margin capture guidance remains around 110%, with minor headwinds from crack hedges.
Montana OpEx target remains $10 per barrel annually, with seasonal improvements expected.
Next Par Pacific earnings date
Next Par Pacific earnings date
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.
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.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
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.
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.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
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.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
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.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
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.
Explore our global coverage
)
)