Quarterly ResultMay 5, 2026, 05:07 PM
Par Pacific Q1 Net Income $54.5M; Adjusted EBITDA $91.5M
AI Summary
Par Pacific Holdings reported strong first quarter 2026 financial results, with net income attributable to stockholders of $54.5 million and Adjusted EBITDA of $91.5 million, a significant improvement over the prior year. The company also announced the successful commencement of commercial operations for its Hawaii renewable fuels facility in April. Additionally, Par Pacific repurchased $28.0 million of common stock during the quarter, reflecting confidence in its performance and outlook.
Key Highlights
- Net income attributable to stockholders was $54.5 million ($1.10 per diluted share) vs $(30.4) million in Q1 2025.
- Adjusted EBITDA reached $91.5 million, significantly up from $10.1 million in Q1 2025.
- Hawaii renewable fuels facility successfully began commercial operations in April.
- Company repurchased $28.0 million of common stock at an average price of $37.96 per share.
- Refining segment operating income was $56.3 million, compared to a $(24.7) million loss in Q1 2025.
- Logistics segment operating income increased to $24.5 million from $21.9 million in Q1 2025.
- Record quarterly Hawaii refining throughput achieved 89.8 thousand barrels per day (Mbpd).
- Retail segment operating income was $13.0 million, down from $16.0 million in Q1 2025.
Price Impact
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