Earnings summaries and quarterly performance for PAR PACIFIC HOLDINGS.
Executive leadership at PAR PACIFIC HOLDINGS.
William Monteleone
Detailed
Chief Executive Officer and President
CEO
Danielle Mattiussi
Detailed
Senior Vice President, Chief Retail Officer
Ivan Guerra
Detailed
Chief Accounting Officer
Jeffrey Hollis
Detailed
Senior Vice President, General Counsel and Secretary
Richard Creamer
Detailed
Executive Vice President, Refining and Logistics
Shawn Flores
Detailed
Senior Vice President, Chief Financial Officer
Terrill Pitkin
Detailed
Senior Vice President, Planning & Commercial
Board of directors at PAR PACIFIC HOLDINGS.
Research analysts who have asked questions during PAR PACIFIC HOLDINGS earnings calls.
Matthew Blair
Tudor, Pickering, Holt & Co.
6 questions for PARR
Also covers: AMTX, CE, CLNE +19 more
Manav Gupta
UBS Group
5 questions for PARR
Also covers: ADM, AMTX, BE +34 more
Ryan Todd
Simmons Energy
5 questions for PARR
Also covers: BP, COP, CVX +9 more
Jason Gabelman
TD Cowen
4 questions for PARR
Also covers: BP, CLMT, CLNE +19 more
Neil Mehta
Goldman Sachs
3 questions for PARR
Also covers: AESI, APA, AR +36 more
Alexa Petrick
Goldman Sachs
2 questions for PARR
Also covers: CLMT, CNQ, DK +2 more
Michael Laupheimer
TD Cowen
2 questions for PARR
Alejandra Magana
JPMorgan Chase & Co.
1 question for PARR
Also covers: CRC
John Royall
JPMorgan Chase & Co.
1 question for PARR
Also covers: CASY, CNQ, CVE +13 more
Recent press releases and 8-K filings for PARR.
Par Pacific Reports Strong Q3 2025 Financial and Operational Results
PARR
Earnings
Guidance Update
New Projects/Investments
- Par Pacific reported strong Q3 2025 financial results, with adjusted EBITDA of $372 million and adjusted EPS of $5.95 per share, which included a $203 million gain from small refinery exemptions.
- The company achieved robust operational performance, including a near-record combined throughput of 198,000 barrels per day and a record low refining production cost of $6.13 per barrel.
- Strategic initiatives progressed with the closing of the Hawaii Renewables joint venture, which generated $100 million in proceeds, and the Hawaii SAF project targeting mechanical completion by late Q4 2025.
- The balance sheet strengthened, with liquidity increasing 14% to $735 million, and the company repurchased $16 million in shares during Q3 2025, contributing to a year-to-date reduction of over 9% in basic share count.
- For Q4 2025, the combined refining index averaged $15.55 per barrel in October, and system-wide throughput is projected to be between 184,000 and 193,000 barrels per day.
Nov 5, 2025, 3:00 PM
Par Pacific Reports Strong Q3 2025 Results Driven by Operational Performance and Strategic Progress
PARR
Earnings
Guidance Update
New Projects/Investments
- Par Pacific reported strong Q3 2025 financial results, including $372 million in Adjusted EBITDA and $5.95 in adjusted net income per share, which benefited from a $203 million gain associated with small refinery exemptions.
- The company achieved a near record combined throughput of 198,000 barrels per day and a record low refining production cost of $6.13 per barrel across its operations in Q3 2025.
- Strategic initiatives are advancing, with the Hawaii SAF project targeting mechanical completion by late Q4 and the recent closing of the Hawaii Renewables joint venture, which provided $100 million in proceeds.
- Par Pacific strengthened its balance sheet by generating $219 million in cash from operations, making a $147 million ABL paydown, and repurchasing $16 million in shares during Q3 2025, contributing to a year-to-date reduction of over 9% in basic share count.
Nov 5, 2025, 3:00 PM
Par Pacific Holdings Presents Operational Highlights, Financial Trends, and Non-GAAP Adjustments
PARR
Guidance Update
Accounting Changes
- Par Pacific Holdings (PARR) is an energy company operating in the western U.S. with a system-wide refining capacity of 219,000 bpd, 119 fuel retail locations, and a 46% ownership interest in Laramie Energy. The company also reported approximately $1.0 billion in federal tax attributes as of December 31, 2024.
- The Retail and Logistics segments have demonstrated consistent growth in Adjusted EBITDA, collectively reaching $216 million for the LTM ended September 30, 2025, an increase from $196 million in 2024 and $121 million in 2021.
- For 2025, Par Pacific has provided capital expenditure guidance of $210-240 million, which includes $75-85 million for maintenance, $50-60 million for growth, and $85-95 million for turnarounds.
- The company has implemented several modifications to its non-GAAP financial measures, including Adjusted EBITDA and Adjusted Net Income, across fiscal years 2022, 2023, and 2024 to enhance comparability and better reflect operating performance, such as excluding mark-to-market adjustments for RINs and Washington CCA, Par West redevelopment costs, and certain hedge impacts.
Nov 4, 2025, 11:00 PM
Par Pacific Holdings Reports Strong Third Quarter 2025 Results
PARR
Earnings
Share Buyback
New Projects/Investments
- Par Pacific Holdings reported Net Income of $262.6 million, or $5.16 per diluted share, and Adjusted Net Income of $302.6 million for the third quarter of 2025, a significant increase compared to the same quarter in 2024.
- The company's Adjusted EBITDA for Q3 2025 was $372.5 million, which included a $202.6 million impact from small refinery exemptions (SRE).
- During Q3 2025, Par Pacific repurchased $16.4 million of common stock and, in October, closed the Hawaii Renewables joint venture, receiving $100 million in cash proceeds.
- Total liquidity for Par Pacific Holdings increased by approximately 14% to $735.2 million as of September 30, 2025.
Nov 4, 2025, 9:36 PM
Par Pacific Holdings Reports Strong Third Quarter 2025 Financial Results
PARR
Earnings
Share Buyback
New Projects/Investments
- Par Pacific Holdings reported net income of $262.6 million, or $5.16 per diluted share, for the third quarter ended September 30, 2025, a significant increase from $7.5 million, or $0.13 per diluted share, in the same quarter of 2024.
- Adjusted Net Income reached $302.6 million ($5.95 per diluted share) and Adjusted EBITDA was $372.5 million for Q3 2025, compared to an Adjusted Net Loss of $(5.5) million and Adjusted EBITDA of $51.4 million in Q3 2024.
- These results were significantly bolstered by a small refinery exemption (SRE) impact of $195.9 million in Adjusted Net Income and $202.6 million in Adjusted EBITDA.
- The company repurchased $16.4 million of common stock during the third quarter of 2025.
- In October, Par Pacific closed the Hawaii Renewables joint venture, receiving $100 million in cash proceeds.
Nov 4, 2025, 9:15 PM
Par Pacific Holdings, Inc. Announces Closing of Hawaii Renewables Joint Venture
PARR
New Projects/Investments
M&A
- Par Pacific Holdings, Inc. (PARR) announced the successful closing of Hawaii Renewables, LLC on October 21, 2025, a joint venture to construct a renewable fuels facility at its Kapolei, Hawaii refinery.
- Mitsubishi Corporation and ENEOS Corporation, through Alohi Renewable Energy LLC, acquired a 36.5% equity stake in Hawaii Renewables for $100 million in cash consideration.
- Par Pacific retained the remaining 63.5% interest and will operate the facility through its affiliate, Par Hawaii Refining, LLC.
- The facility is expected to be completed by the end of 2025 and will produce approximately 61 million gallons per year of renewable diesel, sustainable aviation fuel, renewable naphtha, and low carbon liquified petroleum gases.
- Par Pacific has committed to making cash contributions of up to $21,039,382 to complete the facility through its commercial operation date.
Oct 21, 2025, 10:31 PM
Par Pacific Holdings Subsidiary Enters Commodity Swap and Security Agreements with Wells Fargo
PARR
New Projects/Investments
Debt Issuance
- Hawaii Renewables, LLC, a subsidiary of Par Pacific Holdings, Inc., entered into a Framework Agreement for Commodity Swap Transactions with Wells Fargo Bank, N.A. on October 2, 2025.
- This agreement establishes a framework for prepaid swaps involving soybean oil and crude oil, with monthly execution and Wells Fargo prepaying a fixed amount to Hawaii Renewables.
- Supporting these transactions, Hawaii Renewables also executed an ISDA 2002 Master Agreement Schedule, a Pledge and Security Agreement granting Wells Fargo a security interest in certain commodity inventory and renewable feedstocks, and a Credit Support Annex.
- Par Pacific Holdings, Inc. provides an unsecured guaranty for Hawaii Renewables' obligations under these agreements.
Oct 3, 2025, 8:14 PM
Quarterly earnings call transcripts for PAR PACIFIC HOLDINGS.
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