| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 2.0K | 6.3% | 6.1% |
| Total Income | 2.0K | 6.3% | 6.1% |
| Expenditure | 1.7K | 7.9% | 21.5% |
| PBT | 345.34 | 352.3% | 2375.6% |
| Net Profit | 262.63 | 341.7% | 3406.4% |
| OPM | 17.81% | 12.70pp | 16.11pp |
| NPM | 13.05% | 9.91pp | 12.70pp |
| EPS | 5.29 | 348.3% | 3969.2% |
Par Pacific Reports Q3 2025 Net Income of $262.6 Million
04 May 2026 · 4 May, 8:10 am
Summary
Par Pacific Holdings reported a net income of $262.6 million for the third quarter of 2025, a significant increase compared to $7.5 million in the same quarter of 2024. Adjusted Net Income was $302.6 million, which includes a $195.9 million impact from small refinery exemptions. Adjusted EBITDA reached $372.5 million, also benefiting from SRE gains. The company closed on the Hawaii Renewables joint venture for $100 million in proceeds and is on track to complete construction of the renewable fuels unit this year.
Key Highlights
- 1
Par Pacific reported a net income of $262.6 million, or $5.16 per diluted share, for the third quarter of 2025.
- 2
Adjusted Net Income for Q3 2025 was $302.6 million, which includes a small refinery exemption (SRE) impact of $195.9 million.
- 3
The company's Adjusted EBITDA for the third quarter of 2025 reached $372.5 million, including an SRE impact of $202.6 million.
- 4
The Refining segment reported an operating income of $340.8 million in Q3 2025, inclusive of a $199.5 million SRE impact.
- 5
The Logistics segment achieved a record Adjusted EBITDA of $37.3 million in the third quarter of 2025.
- 6
Par Pacific repurchased $16.4 million of common stock during the third quarter of 2025.
- 7
The company closed the Hawaii Renewables joint venture in October and received cash proceeds of $100 million.
Management Comments
Will Monteleone
Record combined retail and logistics contribution and strong refining operations led to exceptional third quarter financial results for the core business. Results were further bolstered by the small refinery exemption gain of approximately $200 million. In addition, we closed on the Hawaii Renewables joint venture for $100 million in proceeds and are on track to complete construction of the renewable fuels unit this year. Our financial position and outlook remain strong, positioning us to continue pursuing accretive growth opportunities and share repurchases.
Informational and educational content only. Not investment advice.