News
Public · Published
Par Pacific Holdings Reports Third Quarter 2026 Results
Par Pacific reported third-quarter 2026 net income of $353.3 million, or $7.11 per diluted share, and adjusted EBITDA of $646.0 million. Adjusted net income was $531.5 million; the company said small refinery exemptions contributed $187.2 million to adjusted net income and $222.0 million to adjusted EBITDA.
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Updated:
What happened
Par Pacific reported third-quarter 2026 net income of $353.3 million, or $7.11 per diluted share, and adjusted EBITDA of $646.0 million. Adjusted net income was $531.5 million; the company said small refinery exemptions contributed $187.2 million to adjusted net income and $222.0 million to adjusted EBITDA.
Confirmed
Global impact / market context
The reported results show higher earnings and adjusted EBITDA than in the same quarter of 2025. The stated refinery-exemption contribution is a substantial part of adjusted results, so changes in that contribution could affect future earnings and the cash available for operations or investment.
Analyst inference
The comparison with 2025 provides evidence of stronger year-over-year quarterly results, while the exemption figures show that policy-related benefits mattered to this quarter’s adjusted performance. Investors assessing repeatability can distinguish operating results from the contribution attributed to those exemptions.
Analyst inference
What to watch
- Watch subsequent results for the small refinery exemption contribution, which the company quantified separately, to see whether this source of adjusted earnings changes. Analyst inference
- The company expects to complete the sale of its 46% stake in Laramie Energy by year-end, bringing near-term cash proceeds that could support its available cash. Confirmed
- Track whether the company’s reported net income and adjusted EBITDA continue to exceed the prior-year quarter, since that would support sustained earnings strength. Analyst inference