PAR PACIFIC HOLDINGS, INC. (PARR) Form 10-Q — Aug 5, 2026

$PARRForm 10-QFiled Aug 5, 2026, 2:51 PM ET0000821483-26-000014Original filing

Par Pacific Holdings (NYSE: PARR) delivered a blowout second quarter, reporting net income attributable to stockholders of $462.1 million, or $9.35 diluted EPS, up from $59.5 million and $1.17 a year ago, on revenues of $2.97 billion, a 57% year-over-year increase. Adjusted EBITDA more than quadrupled to $571.3 million from $137.8 million, driven by a $448.6 million surge in refining Adjusted Gross Margin as the combined market index rose 139%; Brent crude averaged $96.68 per barrel after the Strait of Hormuz effectively closed in early March 2026.

Key figures

Eps: 9.35
Revenue: 2968869000
Guidance: No forward guidance provided in the 10-Q.
Net Income: 462131000
Total Debt: $739.2 million carrying value (including current maturities, excluding finance leases)
Debt Amount: 500000000
Revenue Yoy: +57% Q2 YoY; +32% H1 YoY
Total Assets: 4534034000
Cash Position: 184997000
Interest Rate: 7.375%
Maturity Date: June 1, 2034
Shares Outstanding: 50099627
H1 revenue: $4.79 billion
H1 diluted eps: 10.43
Abl outstanding: $243.0 million
Abl availability: $1.2 billion
Brent avg q2 2026: 96.68
Abl borrowing base: $1.6 billion
H1 adjusted ebitda: $662.8 million (vs. $148.0 million H1 2025)
Q2 adjusted ebitda: $571.3 million (vs. $137.8 million Q2 2025)
Q2 throughput mbpd: 181.4
H1 share repurchases: $28.3 million (742 thousand shares)
Operating cash flow h1: $241.9 million
Combined index q2 change: +139% YoY ($32.94 vs. $13.76 per barrel)
H1 net income attributable: $516.6 million (vs. $29.1 million)
Wyoming remediation accrual: $15.8 million
Buyback authorization remaining: $250.0 million
Q2 2025 refining margin per bbl: 13.65
Environmental credit obligations: $376.6 million
Rins and environmental credit assets: $364.9 million
Renewables intermediation outstanding: $78.6 million (limit raised to $150 million in June 2026 amendment)
Q2 refining adjusted gross margin per bbl: 41.22

Price after filing

1 day: -16.8%7 days: -6.1%30 days: -1.1%

Close on the filing date to close N calendar days later (from $82.87). Historical, not a forecast.

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