Par Pacific

Par Pacific makes fuel for cars, planes, and ships. It serves people in Hawaii and the Pacific Northwest. The company also runs local convenience stores and gas stations.

Refining, Retail, and Logistics

• Refining: Conventional and renewable fuel production from four refineries in the West; segment revenue reached $1.8 billion in Q1 2026.
• Retail: Gas stations and convenience stores under brands like Hele and nomnom; segment revenue was $133 million in Q1 2026.
• Logistics: Pipelines, terminals, and ships that move oil and fuel; segment revenue totaled $77 million in Q1 2026.

Strategic Moves and New Energy

• Formed a joint venture with Mitsubishi Corporation and ENEOS Corporation to develop renewable fuels.
• Started operations at the new renewable fuels manufacturing facility in Hawaii during April 2026.
• Retired 0.7 million shares of common stock for $28 million during the first quarter of 2026.
• Extended the asset-based revolving credit agreement with Wells Fargo Bank to support liquidity.

Fueling the Pacific and Beyond

Par Pacific manages a complex network of pipelines and ships to deliver energy across remote islands and the Northwest. The company utilizes a mix of renewable and conventional fuel production to serve local utilities and military bases.

The Numbers for 2026

• Revenue reached $1.8 billion in Q1 2026, up 4.5% from $1.7 billion in Q1 2025.
• Net income attributable to stockholders was $54.5 million in Q1 2026, improved from a $30.4 million loss in Q1 2025.
• Operating income hit $65.3 million in Q1 2026, improved from a $15.8 million loss in Q1 2025.
• Net cash used in operating activities worsened to $40.7 million in Q1 2026 from $1.4 million in Q1 2025.

Looking Back

Par Pacific has transitioned from a traditional oil refiner into a multi-modal energy and retail provider. Its recent shift toward renewable fuels and logistics infrastructure supports a broader reach in the western United States.