Quarterly ResultMay 5, 2026, 04:16 PM
Par Pacific Q1 Net Income $54.5M, EPS $1.10; Hawaii Renewable Fuels Operational
AI Summary
Par Pacific Holdings, Inc. reported strong financial results for the first quarter ended March 31, 2026, with net income attributable to stockholders of $54.5 million, or $1.10 per diluted share, a significant improvement from a loss in the prior year. Adjusted EBITDA also saw substantial growth, reaching $91.5 million. Additionally, the company announced the successful commencement of commercial operations for its Hawaii renewable fuels facility in April and repurchased $28.0 million of common stock.
Key Highlights
- Net income attributable to stockholders was $54.5 million, or $1.10 per diluted share, compared to $(30.4) million, or $(0.57) per diluted share, in Q1 2025.
- Adjusted Net Income attributable to stockholders was $38.5 million, or $0.78 per diluted share, compared to $(50.3) million in Q1 2025.
- Adjusted EBITDA was $91.5 million, significantly up from $10.1 million in Q1 2025.
- The company repurchased $28.0 million of common stock at an average price of $37.96 per share.
- The Hawaii renewable fuels facility began commercial operations in April.
- Refining segment operating income was $56.3 million, a significant improvement from an operating loss of $(24.7) million in Q1 2025.
- Logistics segment operating income increased to $24.5 million from $21.9 million in Q1 2025.
- Retail segment operating income decreased to $13.0 million from $16.0 million in Q1 2025.