Par Pacific Holdings — Third Quarter 2026 Earnings Summary

Par Pacific Holdings reported third-quarter 2026 net income of $353.3 million, or $7.11 per diluted share, driven by strong operating performance across its refining, retail, and logistics segments. Adjusted net income reached $531.5 million, including an $187.2 million benefit from Small Refinery Exemptions granted by the EPA, while adjusted EBITDA totaled $646.0 million. The company's newly formed Renewables segment achieved its first profitable quarter, and the firm announced an agreement to divest its 46% equity interest in Laramie Energy for approximately $120 million in near-term cash proceeds. Additionally, Par Pacific repurchased $10 million of common stock and maintained a cash balance of $731.1 million at the end of the quarter.