Earnings Releases·Nov 3, 2026, 7:15 PM ET

Par Pacific Holdings — Third Quarter 2026 Earnings Summary

Net income attributable to stockholders reached $353.3 million ($7.11 per diluted share), a significant increase from $262.6 million ($5.16 per share) in Q3 2025, driven by revenues of $3,052.4 million versus $2,012.9 million the prior year.
Adjusted EBITDA surged to $646.0 million from $372.5 million in the prior year period, with the Renewables segment reporting its first profitable quarter and the Hawaii Index averaging $38.31 per barrel compared to $10.27 in Q3 2025.
The Company expects to monetize excess RINs and close the divestment of its 46% equity interest in Laramie Energy by year-end 2026, anticipating near-term cash proceeds of approximately $120 million.
Total liquidity stood at $2.4 billion with a cash balance of $731.1 million, while the Company repurchased $10.0 million of common stock during the quarter.