Quarterly ResultAug 5, 2026, 02:54 PM
Par Pacific Q2 Net Income $462.9M; EPS $9.35; Debt Refinanced
AI Summary
Par Pacific Holdings reported significantly improved financial results for the second quarter and first half of 2026. Net income for Q2 surged to $462.9 million, with diluted EPS reaching $9.35, driven by strong revenue growth. The company also completed a major debt refinancing, amending its ABL Credit Facility to $1.8 billion and issuing $500 million in senior notes to repay its Term Loan Credit Agreement.
Key Highlights
- Q2 2026 Net Income attributable to stockholders was $462.1 million, up from $59.5 million YoY.
- Q2 2026 Diluted EPS was $9.35, a significant increase from $1.17 YoY.
- Total revenues for Q2 2026 increased to $2.97 billion from $1.89 billion YoY.
- Amended ABL Credit Facility to $1.8 billion, extending maturity to May 2031.
- Issued $500 million in 7.375% Senior Notes due 2034, repaying Term Loan Credit Agreement.
- Net cash provided by operating activities for H1 2026 was $241.9 million, up from $132.2 million YoY.
- Purchased $37.1 million of common stock for retirement in H1 2026.
- Renewable Fuels Facility began commercial operations in April 2026.
Price Impact
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