Quarterly ResultMay 6, 2026, 04:32 PM
Par Pacific Swings to Q1 Net Income $54.45M; EPS $1.10
AI Summary
Par Pacific Holdings, Inc. reported a significant turnaround in its first quarter results for 2026, swinging from a net loss to a substantial net income. The company posted net income attributable to stockholders of $54.45 million, or $1.10 per diluted share, compared to a net loss of $30.40 million, or $(0.57) per diluted share, in the prior year period. Revenues also increased to $1.82 billion from $1.75 billion year-over-year.
Key Highlights
- Net income attributable to stockholders was $54.45 million, up from a $30.40 million loss in Q1 2025.
- Diluted EPS improved to $1.10 from $(0.57) in the prior year period.
- Total revenues increased to $1.82 billion from $1.75 billion year-over-year.
- Refining segment revenues reached $1.77 billion for the quarter.
- Logistics segment revenues were $76.85 million in Q1 2026.
- Net cash used in operating activities was $40.71 million, compared to $1.40 million in Q1 2025.
- Purchased $36.70 million of common stock for retirement.
Price Impact
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