PAR PACIFIC HOLDINGS, INC. Q2 FY26 Results

Summary

Par Pacific Holdings reported robust financial results for the second quarter ended June 30, 2026, with net income attributable to stockholders of $462.1 million ($9.35 per diluted share) and Adjusted EBITDA of $571.3 million. The company highlighted strong operational and commercial execution in a constructive market, with the Hawaii turnaround maintenance substantially complete. Management expressed confidence in capitalizing on the current favorable margin environment.

Key Highlights

1. 1

   Par Pacific Holdings reported net income attributable to stockholders of $462.1 million, or $9.35 per diluted share, for the second quarter ended June 30, 2026.

2. 2

   Adjusted Net Income attributable to Par Pacific stockholders was $499.2 million, or $10.10 per diluted share, for Q2 2026.

3. 3

   Adjusted EBITDA reached $571.3 million in the second quarter of 2026, a significant increase from $137.8 million in the prior year's quarter.

4. 4

   The Hawaii turnaround maintenance is substantially complete, with the majority of processing units now online.

5. 5

   The Company completed a $500 million Senior Unsecured Notes offering, reducing term debt by more than $130 million.

6. 6

   Refining segment operating income was $629.9 million in Q2 2026, compared to $81.3 million in Q2 2025.

7. 7

   Hawaii refinery's Adjusted Gross Margin was $57.00 per barrel during the second quarter of 2026, up from $10.18 per barrel in the second quarter of 2025.