NYSE: PARR
PAR PACIFIC HOLDINGS, INC.CIK 0000821483 · SIC 1311 · Crude Petroleum & Natural Gas
Large
Revenue $7.5B
Assets $4.5B
as of Nov 1, 2026
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8-K
Filed Nov 4, 2026
· Period ending Nov 3, 2026
Summary not yet generated.
10-Q
Filed Nov 4, 2026
· Period ending Sep 30, 2026
Summary not yet generated.
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8-K
Filed Sep 28, 2026
· Period ending Sep 28, 2026
Par Pacific names Jerry Stumbo EVP Refining & Logistics; Richard Creamer to retire April 2027
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8-K
Filed Aug 25, 2026
· Period ending Aug 25, 2026
Summary not yet generated.
8-K
Filed Aug 5, 2026
· Period ending Aug 4, 2026
Summary not yet generated.
10-Q
Filed Aug 5, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
8-K
Filed May 14, 2026
· Period ending May 14, 2026
Summary not yet generated.
10-Q
Filed May 6, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
10-K
Filed Feb 25, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-K
Filed Feb 28, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
10-K/A
Filed Apr 8, 2021
· Period ending Dec 31, 2020
Summary not yet generated.
424B5
Filed Mar 17, 2021
Summary not yet generated.
424B5
Filed Mar 15, 2021
Summary not yet generated.
424B3
Filed Feb 8, 2019
Summary not yet generated.
424B3
Filed Feb 8, 2019
Summary not yet generated.
10-Q/A
Filed Feb 4, 2019
· Period ending Sep 30, 2018
Summary not yet generated.
Latest financial statements
From 10-Q filed Nov 4, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except per share amounts)
| Description | Three months ended September 30, 2026 | Three months ended September 30, 2025 | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|---|---|
| Revenues | 3,052,435 | 2,012,936 | 7,845,054 | 5,651,410 |
| Operating expenses | ||||
| Cost of revenues (excluding depreciation) | 2,337,149 | 1,453,697 | 6,011,842 | 4,606,536 |
| Operating expense (excluding depreciation) | 166,110 | 140,029 | 465,750 | 432,863 |
| Depreciation and amortization | 39,018 | 36,284 | 109,932 | 107,582 |
| General and administrative expense (excluding depreciation) | 26,651 | 24,242 | 79,573 | 72,133 |
| Equity (earnings) losses from refining and logistics investments | 7,552 | (6,353) | (5,745) | (21,172) |
| Acquisition and integration costs | — | 1,973 | 64 | 1,973 |
| Par West redevelopment and other costs | 3,377 | 4,525 | 10,038 | 13,197 |
| Other operating loss (gain), net | 438 | 23 | 1,585 | (1,202) |
| Total operating expenses | 2,580,295 | 1,654,420 | 6,673,039 | 5,211,910 |
| Operating income | 472,140 | 358,516 | 1,172,015 | 439,500 |
| Other income (expense) | ||||
| Interest expense and financing costs, net | (6,967) | (21,272) | (37,169) | (65,226) |
| Debt extinguishment and commitment costs | 128 | — | (11,395) | (25) |
| Other expense, net | (158) | (109) | (343) | (643) |
| Equity earnings (losses) from Laramie Energy, LLC | (239) | 8,202 | 7,274 | 10,784 |
| Total other expense, net | (7,236) | (13,179) | (41,633) | (55,110) |
| Income before income taxes | 464,904 | 345,337 | 1,130,382 | 384,390 |
| Income tax expense | (109,960) | (82,706) | (266,346) | (92,699) |
| Net income | 354,944 | 262,631 | 864,036 | 291,691 |
| Less: | ||||
| Net income (loss) attributable to noncontrolling interest | 1,634 | — | (5,855) | — |
| Net income attributable to Par Pacific stockholders | 353,310 | 262,631 | 869,891 | 291,691 |
| Income attributable to Par Pacific stockholders per share | ||||
| Basic | 7.27 | 5.29 | 17.94 | 5.69 |
| Diluted | 7.11 | 5.16 | 17.54 | 5.62 |
| Weighted-average number of shares outstanding | ||||
| Basic | 48,565 | 49,633 | 48,496 | 51,237 |
| Diluted | 49,669 | 50,897 | 49,587 | 51,883 |
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except share data)
| Description | September 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | 731,060 | 164,113 |
| Restricted cash | 1,879 | 351 |
| Trade accounts receivable, net of allowances of $0.4 million and $0.4 million at September 30, 2026, and December 31, 2025, respectively | 611,115 | 312,672 |
| Inventories | 1,554,863 | 1,228,787 |
| Prepaid and other current assets | 195,611 | 70,168 |
| Total current assets | 3,094,528 | 1,776,091 |
| Property, plant, and equipment | ||
| Property, plant, and equipment | 1,962,368 | 1,863,105 |
| Less accumulated depreciation and amortization | (725,003) | (665,154) |
| Property, plant, and equipment, net | 1,237,365 | 1,197,951 |
| Long-term assets | ||
| Operating lease right-of-use (“ROU”) assets | 340,779 | 391,395 |
| Refining and logistics equity investments | 93,736 | 98,654 |
| Investment in Laramie Energy, LLC | 43,080 | 35,806 |
| Intangible assets, net | 9,680 | 9,484 |
| Goodwill | 127,276 | 127,276 |
| Other long-term assets | 238,248 | 197,032 |
| Total assets | 5,184,692 | 3,833,689 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Current maturities of long-term debt | 1,062 | 4,930 |
| Obligations under inventory financing agreements | 259,245 | 161,492 |
| Accounts payable | 858,098 | 341,555 |
| Accrued taxes | 56,696 | 31,565 |
| Operating lease liabilities | 108,492 | 99,558 |
| Other accrued liabilities | 589,729 | 467,036 |
| Total current liabilities | 1,873,322 | 1,106,136 |
| Long-term liabilities | ||
| Long-term debt, net of current maturities | 495,096 | 797,940 |
| Finance lease liabilities | 10,279 | 12,002 |
| Operating lease liabilities | 251,900 | 312,450 |
| Other liabilities | 185,389 | 52,645 |
| Total liabilities | 2,815,986 | 2,281,173 |
| Noncontrolling interest | 38,530 | 40,976 |
| Stockholders’ equity | ||
| Preferred stock, $0.01 par value: 3,000,000 shares authorized, none issued | — | — |
| Common stock, $0.01 par value; 500,000,000 shares authorized at September 30, 2026, and December 31, 2025, 49,237,560 shares and 49,685,138 shares issued at September 30, 2026, and December 31, 2025, respectively | 492 | 497 |
| Additional paid-in capital | 945,256 | 957,941 |
| Accumulated earnings | 1,372,979 | 541,376 |
| Accumulated other comprehensive income | 11,449 | 11,726 |
| Total stockholders’ equity | 2,330,176 | 1,511,540 |
| Total liabilities, noncontrolling interest, and stockholders’ equity | 5,184,692 | 3,833,689 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | 864,036 | 291,691 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation and amortization | 109,932 | 107,582 |
| Debt extinguishment and commitment costs | 11,331 | 25 |
| Non-cash interest expense | 6,050 | 4,734 |
| Non-cash lower of cost and net realizable value adjustment | (2,856) | (531) |
| Deferred taxes | 139,107 | 81,267 |
| Other operating loss (gain), net | 1,585 | (1,202) |
| Stock-based compensation | 12,354 | 11,761 |
| Unrealized (gain) loss on derivative contracts | 139,029 | (41,363) |
| Equity earnings from Laramie Energy, LLC | (7,274) | (10,784) |
| Equity earnings from refining and logistics investments | (5,745) | (21,172) |
| Dividends received from refining and logistics investments | 10,663 | 10,815 |
| Net changes in operating assets and liabilities: | ||
| Trade accounts receivable | (303,324) | 48,897 |
| Prepaid and other assets | (146,543) | (4,340) |
| Inventories | (325,096) | (265,048) |
| Deferred turnaround expenditures | (87,440) | (100,011) |
| Obligations under inventory financing agreements | 97,753 | 46,523 |
| Accounts payable, other accrued liabilities, and operating lease ROU assets and liabilities | 567,169 | 192,693 |
| Net cash provided by operating activities | 1,080,731 | 351,537 |
| Cash flows from investing activities: | ||
| Capital expenditures | (120,180) | (121,338) |
| Proceeds from sale of assets and other | — | 2,282 |
| Net cash used in investing activities | (120,180) | (119,056) |
| Cash flows from financing activities: | ||
| Proceeds from borrowings | 3,540,000 | 5,013,810 |
| Repayments of borrowings | (3,851,683) | (5,180,660) |
| Payment of deferred loan costs | (18,363) | (389) |
| Purchase of common stock for retirement | (47,372) | (97,277) |
| Proceeds from exercise of stock options | 2,952 | — |
| Exercise of stock options | (18,189) | (2,089) |
| Proceeds from inventory financing agreements | 4,880 | 28,203 |
| Repayments of inventory financing agreements | — | (28,204) |
| Payments for debt extinguishment and commitment costs | (64) | (25) |
| Other financing activities, net | 1,263 | 1,288 |
| Net cash used in financing activities | (386,576) | (265,343) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 573,975 | (32,862) |
| Cash, cash equivalents, and restricted cash at beginning of period | 164,464 | 192,267 |
| Cash, cash equivalents, and restricted cash at end of period | 738,439 | 159,405 |
| Reconciliation of cash, cash equivalents, and restricted cash: | ||
| Cash and cash equivalents | 731,060 | 159,055 |
| Restricted cash included in current assets | 1,879 | 350 |
| Restricted cash included in other long-term assets | 5,500 | — |
| Total cash, cash equivalents, and restricted cash | 738,439 | 159,405 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except per share amounts); (in thousands, except share data); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗