Par Pacific(NYSE) PARR

Par Pacific Holdings, Inc. makes fuel for cars, planes, and ships. It sells gasoline and snacks at its own stores. The company serves people in Hawaii and the western United States.

Fueling the Pacific and Rockies

• Refining Operations: Four facilities produce gasoline, jet fuel, and diesel; segment revenues were $2.9 billion in the second quarter of 2026.
• Retail Network: Convenience stores sell fuel and merchandise at 119 locations; segment revenues were $181.5 million in the second quarter of 2026.
• Logistics Infrastructure: Pipelines and terminals move energy products across the Pacific and Rockies; segment revenues were $79.6 million in the second quarter of 2026.

Strategic Moves and Renewables

• Issued $500 million in senior notes on May 14, 2026, to refinance debt and improve liquidity.
• Established a renewable fuels manufacturing project through the Hawaii Renewables joint venture in late 2025.
• Restarted operations at the Wyoming refinery in April 2025 following a 66-day maintenance period.
• Amended the Term Loan Credit Agreement in Dec. 2025 to reduce interest rates by 50 basis points.

Island Strength and Regional Reach

Par Pacific operates the only major refinery in Hawaii and manages a critical logistics network for the islands. The company combines fuel production with a retail chain of 119 stores to manage its own distribution in niche regional markets.

Recent Financial Performance

• Revenues reached $3.0 billion for the three-month period ended June 30, 2026, a 57% increase year over year.
• Net income was $462.1 million in the second quarter of 2026, up from $59.5 million in the prior year period.
• Adjusted EBITDA, a non-GAAP profitability metric, hit $571.3 million during the three-month period ended June 30, 2026, up from $137.8 million in 2025.
• Total liquidity was $1.4 billion as of June 30, 2026, comprising cash and available credit.

Bottom Line

Par Pacific has transformed into a diversified energy provider with a strong presence in niche markets like Hawaii. Its shift toward renewable fuels and refined debt structure supports its operational stability.