PAR PACIFIC HOLDINGS, INC.
For the period ended Feb 24, 2026. Filed Feb 24, 2026.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Feb 24, 2026 · Filed Feb 24, 2026
PARR$68.06-0.9%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands, except per share data)
(in thousands, except per share data)
| Three Months Ended December 31, | Year Ended December 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | $1,813,240 | $1,832,221 | $7,464,650 | $7,974,457 |
| Operating expenses | ||||
| Cost of revenues (excluding depreciation) | 1,503,286 | 1,678,273 | 6,109,822 | 7,101,148 |
| Operating expense (excluding depreciation) | 154,802 | 139,893 | 587,665 | 584,282 |
| Depreciation and amortization | 36,743 | 34,911 | 144,325 | 131,590 |
| General and administrative expense (excluding depreciation) | 26,317 | 21,522 | 98,450 | 108,844 |
| Equity earnings from refining and logistics investments | (5,106) | 941 | (26,278) | (11,905) |
| Acquisition and integration costs | 2,362 | 32 | 4,335 | 100 |
| Par West redevelopment and other costs | 1,596 | 3,500 | 14,793 | 12,548 |
| Other operating loss (gain), net | (6,018) | 108 | (7,220) | 222 |
| Total operating expenses | 1,713,982 | 1,879,180 | 6,925,892 | 7,926,829 |
| Operating income (loss) | 99,258 | (46,959) | 538,758 | 47,628 |
| Other income (expense) | ||||
| Interest expense and financing costs, net | (17,157) | (21,073) | (82,383) | (82,793) |
| Debt extinguishment and commitment costs | (1,122) | (270) | (1,147) | (1,688) |
| Other expense, net | (22) | (422) | (665) | (1,869) |
| Equity earnings (losses) from Laramie Energy, LLC | 12,524 | (3,163) | 23,308 | (296) |
| Total other expense, net | (5,777) | (24,928) | (60,887) | (86,646) |
| Income (loss) before income taxes | 93,481 | (71,887) | 477,871 | (39,018) |
| Income tax benefit (expense) | (18,084) | 16,192 | (110,783) | 5,696 |
| Net income (loss) | 75,397 | (55,695) | 367,088 | (33,322) |
| Less: | ||||
| Net loss attributable to noncontrolling interest | (2,303) | — | (2,303) | — |
| Net income (loss) attributable to Par Pacific stockholders | $77,700 | $(55,695) | $369,391 | $(33,322) |
| Weighted-average shares outstanding | ||||
|---|---|---|---|---|
| Basic | 49,269 | 55,252 | 50,743 | 56,775 |
| Diluted | 50,720 | 55,252 | 51,591 | 56,775 |
| Income (loss) per share | ||||
| Basic | $1.58 | $(1.01) | $7.28 | $(0.59) |
| Diluted | $1.53 | $(1.01) | $7.16 | $(0.59) |
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