Quarterly ResultAug 4, 2026, 04:55 PM
Par Pacific Q2 Net Income $462.1M; Adjusted EBITDA $571.3M
AI Summary
Par Pacific Holdings, Inc. reported strong financial results for the second quarter of 2026, with net income attributable to stockholders soaring to $462.1 million and Adjusted EBITDA reaching $571.3 million. The company highlighted the substantial completion of its Hawaii refinery turnaround and a successful $500 million Senior Unsecured Notes offering that reduced term debt by over $130 million. These results reflect robust operational performance and a favorable market environment.
Key Highlights
- Net income attributable to stockholders was $462.1 million, or $9.35 per diluted share.
- Adjusted EBITDA reached $571.3 million, up from $137.8 million in Q2 2025.
- Hawaii refinery turnaround is substantially complete, with most processing units online.
- Completed $500 million Senior Unsecured Notes offering, reducing term debt by over $130 million.
- Refining segment operating income was $629.9 million, significantly up from $81.3 million in Q2 2025.
- Total liquidity stood at $1.4 billion as of June 30, 2026.
- Adjusted Net Income attributable to stockholders was $499.2 million, or $10.10 per diluted share.
Price Impact
More from PARR