Par Pacific Holdings Reports Third Quarter 2026 Results
Key Highlights
- ➤Adjusted EBITDA $646.0 million, up from $372.5 million year over year
- ➤Net income $353.3 million, or $7.11 per diluted share
- ➤Renewables segment delivered its first profitable quarter, with $5.1 million Adjusted EBITDA
- ➤Laramie Energy divestment expected by year end for approximately $120 million cash proceeds
- ➤Total liquidity $2.4 billion; company repurchased $10 million of common stock
Expert Statements
Will Monteleone, President and Chief Executive Officer of Par Pacific Holdings
“Third quarter financial results reflect strong operating performance from each of our businesses”
Will Monteleone, President and Chief Executive Officer of Par Pacific Holdings
“We also reached two important strategic milestones: our newly created Renewables segment delivered its first profitable quarter, and we agreed to divest our interest in Laramie Energy on attractive terms.”
Will Monteleone, President and Chief Executive Officer of Par Pacific Holdings
“Looking ahead, we remain focused on serving our customers and maintaining reliable operations during this strong margin environment.”
HOUSTON, Nov. 03, 2026 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today reported its financial results for the quarter ended September 30, 2026. * Net income attributable to Par Pacific stockholders of $353.3 million, or $7.11 per diluted share * Adjusted Net Income attributable to Par Pacific stockholders of $531.5 million, or $10.70 per diluted share * Adjusted EBITDA of $646.0 million * Small refinery exemption (“SRE”) impact of $187.2 million in Adjusted Net Income attributable to Par Pacific stockholders and $222.0 million in Adjusted EBITDA * Divestment of 46% equity interest in Laramie Energy expected to close by year end for near term cash proceeds of approximately $120 million * Repurchased $10 million of common stock The Company reported net income attributable to Par Pacific stockholders of $353.3 million, or $7.11 per diluted share, for the quarter ended September 30, 2026, compared to $262.6 million, or $5.16 per diluted share, for the same quarter in 2025. Third quarter 2026 Adjusted Net Income attributable to Par Pacific stockholders was $531.5 million, including an SRE impact of $187.2 million, compared to $302.6 million in the third quarter of 2025. Third quarter 2026 Adjusted EBITDA was $646.0 million, including an SRE impact of $222.0 million, compared to $372.5 million in the third quarter of 2025. A reconciliation of reported non-GAAP financial measures to their most directly comparable GAAP financial measures can be found in the tables accompanying this news release.
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