Par Pacific (PARR) Investor presentation summary

Operating platform

• Integrated refining and logistics platform with 219,000 bpd system-wide crude capacity, 13 MMbbls of storage, and marine, rail, and pipeline assets.

• Refining capacity spans Hawaii 94,000 bpd, Washington 63,000 bpd, Wyoming 42,000 bpd, and Montana 20,000 bpd.

• LTM 9/30/26 product yield was 51% distillates and low-sulfur fuel oil, 36% gasoline, and 13% asphalt, VGO, and other products.

• LTM 9/30/26 crude sourcing included 21% Canadian heavy crude and 15% Bakken; 21% of crude exposure was Western Canadian Select heavy crude.

Retail and logistics

• Retail network includes 87 Hawaii locations across four islands, with 33 company-operated convenience stores, plus 29 company-operated locations in Washington and Idaho.

• Hawaii’s scarce land, high real estate costs, and logistics complexity support the retail position; proprietary Hele and nomnom brands and expanded food and merchandise offerings support customer reach and margin capture.

• Retail and logistics are highlighted as stable Adjusted EBITDA contributors across market cycles; targeted term debt is 3–4x annual Retail and Logistics Adjusted EBITDA.

Renewable fuels

• Hawaii Renewables is designed to produce 61 million gallons per year of renewable diesel, sustainable aviation fuel, and renewable naphtha, using existing resources, utilities, and distribution infrastructure.

• The facility can produce up to 60% SAF or 90% renewable diesel yield; on-specification renewable diesel was produced in April 2026 and production reached 3,700 bpd in September 2026.

• Ownership is 63.5% for Par Pacific and 36.5% for Mitsubishi and ENEOS through Alohi Renewable Energy, which contributed $100 million; Par Hawaii Refining operates the JV.