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Close of Nov 06, 2026 · end-of-day data
PARR 8-K filings, explained
Every material Form 8-K Par Pacific Holdings has filed with the SEC since November 12, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Par Pacific reported third quarter 2026 net income attributable to stockholders of $353.3 million, or $7.11 per diluted share, up from $262.6 million, or $5.16 per share, a year earlier. The results include a $187.2 million small refinery exemption benefit from the EPA, and the company agreed to sell its 46% interest in Laramie Energy, with about $120 million in cash proceeds expected by year end.
Revenues were $3,052.4 million in Q3 2026, compared with $2,012.9 million in Q3 2025.
Adjusted net income attributable to stockholders was $531.5 million, or $10.70 per diluted share, including a $187.2 million SRE impact.
The EPA granted full and partial small refinery exemptions in August 2026, which the company recorded as a gain in the third quarter.
The Laramie Energy sale is expected to close in Q4 2026, with about $120 million in cash proceeds expected by year end.
Par Pacific appointed Jerry Stumbo, formerly a Valero refinery general manager, as Executive Vice President of Refining and Logistics effective September 28, 2026. Richard Creamer, the current executive in the role, will serve as Senior Advisor until his planned retirement on or about April 1, 2027.
Jerry Stumbo, age 55, joins from Valero Energy, where he was VP and General Manager of the Port Arthur, Texas Refinery
Stumbo's Port Arthur refinery has approximately 435,000 barrels per day of throughput capacity
Richard Creamer retires effective on or about April 1, 2027, after serving as Senior Advisor from September 28, 2026
Par Pacific reported second quarter 2026 net income attributable to stockholders of $462.1 million, or $9.35 per diluted share, compared with $59.5 million, or $1.17 per diluted share, a year earlier. Revenues were $2,968.9 million, up from $1,893.4 million, and Adjusted EBITDA was $571.3 million, up from $137.8 million, with the Hawaii turnaround substantially complete.
Net income attributable to Par Pacific stockholders: $462.1 million, or $9.35 per diluted share, versus $59.5 million, or $1.17, in Q2 2025
Adjusted Net Income attributable to stockholders: $499.2 million, or $10.10 per diluted share; Adjusted EBITDA: $571.3 million
Refining segment operating income: $629.9 million, versus $81.3 million in Q2 2025
Completed $500 million Senior Unsecured Notes offering, reducing term debt by more than $130 million; cash balance was $185.0 million at June 30, 2026
Par Petroleum, a wholly owned subsidiary of Par Pacific Holdings, closed a $500 million private placement of 7.375% senior notes due 2034 and entered into a New ABL revolving credit facility of up to $1.8 billion maturing May 14, 2031. The company said it used the notes proceeds, cash on hand and ABL borrowings to repay and terminate Par Petroleum's term loan due 2030. The filing contains no earnings or guidance figures, so the changes mainly affect the company's debt structure and maturities.
Notes: $500 million of 7.375% senior unsecured notes due June 1, 2034, sold in a private placement
New ABL: up to $1.8 billion senior secured revolver, with a $500 million incremental facility subject to lender commitments, maturing May 14, 2031
Proceeds, cash on hand and ABL borrowings were used to repay all of the term loan due 2030 and terminate it
Par Pacific reported first quarter 2026 net income attributable to stockholders of $54.5 million, or $1.10 per diluted share, compared with a net loss of $30.4 million, or $0.57 per share, a year earlier. Adjusted EBITDA rose to $91.5 million from $10.1 million, and the company repurchased $28.0 million of its common stock during the quarter.
Net income attributable to stockholders of $54.5 million, or $1.10 per diluted share, versus a $(30.4) million loss, or $(0.57) per share, in Q1 2025
Adjusted net income of $38.5 million, or $0.78 per diluted share; Adjusted EBITDA of $91.5 million versus $10.1 million in Q1 2025
Refining segment operating income of $56.3 million versus a $(24.7) million loss; Hawaii renewable fuels facility began commercial operations in April 2026
Net cash used in operations was $(40.7) million, including $(184.8) million of working capital outflows; cash balance was $172.2 million at March 31, 2026
Par Pacific reported fourth-quarter 2025 net income attributable to stockholders of $77.7 million, or $1.53 per diluted share, compared with a net loss of $55.7 million in the same quarter of 2024. For the full year, net income was $369.4 million, or $7.16 per diluted share, versus a net loss of $33.3 million in 2024, while full-year revenue declined to $7.46 billion from $7.97 billion. The company also repurchased 6.5 million shares in 2025, reducing shares outstanding by 10%, and its board authorized a new $250 million repurchase program in February 2026.
Q4 2025 net income attributable to stockholders was $77.7 million ($1.53 per diluted share), versus a $55.7 million loss in Q4 2024.
Full-year 2025 net income was $369.4 million ($7.16 per diluted share), versus a $33.3 million loss in 2024.
Full-year 2025 Adjusted EBITDA was $633.5 million, compared with $238.7 million in 2024.
Full-year 2025 revenue was $7.46 billion, down from $7.97 billion in 2024; Q4 revenue was $1.81 billion, down from $1.83 billion.
Par Pacific amended its term loan with Wells Fargo, reducing the Applicable Margin by 50 basis points, so SOFR loans now bear interest at SOFR plus 3.25%. A subsidiary joint venture, Hawaii Renewables, also entered an uncommitted letter of credit facility of up to $25 million and an amended pledge agreement, which changes the collateral securing its obligations to Wells Fargo.
Term loan margin reduced by 50 basis points under Amendment No. 3, dated December 17, 2025
SOFR loans now bear interest at SOFR plus 3.25%; base rate loans at base rate plus 2.25%
Hawaii Renewables entered an uncommitted letter of credit facility with Wells Fargo for up to $25,000,000, dated December 16, 2025
Amended and restated pledge agreement modifies the collateral securing Hawaii Renewables' obligations to Wells Fargo
Par Pacific reported third quarter 2025 net income of $262.6 million, or $5.16 per diluted share, compared with $7.5 million, or $0.13 per diluted share, in the same quarter of 2024. The results include a $195.9 million gain in Adjusted Net Income tied to EPA small refinery exemptions granted in August 2025 for the 2019-2024 compliance years, which matters to shareholders because it accounts for a large share of the quarter's profit.
Net income of $262.6 million, or $5.16 per diluted share, versus $7.5 million, or $0.13 per diluted share, in Q3 2024.
Adjusted Net Income of $302.6 million, or $5.95 per diluted share, including a $195.9 million small refinery exemption impact.
Adjusted EBITDA of $372.5 million, including a $202.6 million small refinery exemption impact, versus $51.4 million in Q3 2024.
Repurchased $16.4 million of common stock in the quarter; closed the Hawaii Renewables joint venture in October 2025 for $100 million in cash proceeds.
Par Pacific said on October 21, 2025 that the joint venture with Alohi Renewable Energy closed, forming ProjectCo to build and operate a renewable fuels facility at its Kapolei Refinery in Hawaii. Alohi, backed by Mitsubishi Corporation and ENEOS Corporation, paid $100 million in cash for a 36.5% stake, and Par Pacific keeps majority control with a 63.5% interest and three of four board seats.
Alohi contributed $100 million in cash for a 36.5% ownership and voting interest in ProjectCo; HR Holdco, a Par Pacific subsidiary, holds 63.5%.
Par Pacific's capital commitment to ProjectCo is up to $21,039,382, less qualifying construction costs incurred from July 1, 2025 to Closing.
The company guaranteed certain payment obligations of HR Holdco, including the remaining amount to complete funding of its capital commitment.
The facility is expected to be completed by the end of the year and produce about 61 million gallons per year of renewable fuels.
On October 2, 2025, Par Pacific subsidiary Hawaii Renewables entered a framework agreement and ISDA schedule with Wells Fargo for monthly prepaid commodity swaps on soybean oil and crude oil. The deal includes a pledge of commodity inventory and renewable feedstocks as collateral, and Par guarantees the subsidiary's obligations, so it adds a direct financial obligation for shareholders to track.
Framework Agreement and ISDA Schedule dated October 2, 2025, with Wells Fargo Bank, N.A.; swaps run monthly on soybean oil and crude oil, with Wells Fargo prepaying a fixed amount to Hawaii Renewables, subject to a cap
Initial term of one year, renewing automatically unless either party gives at least 90 calendar days' written notice
Hawaii Renewables pledged certain commodity inventory and renewable feedstocks to Wells Fargo, and Par Pacific guarantees its obligations under an unsecured guaranty
Parties agreed to use commercially reasonable efforts to negotiate a Letter of Credit Facility Agreement; the filing gives no amount for it
Par Pacific reported second quarter 2025 net income of $59.5 million, or $1.17 per diluted share, up from $18.6 million, or $0.32 per diluted share, a year earlier. Revenue fell to $1.89 billion from $2.02 billion, and Adjusted EBITDA rose 69% to $137.8 million, so headline results point in opposite directions. The company also repurchased $28 million of common stock and announced a Hawaii Renewables joint venture with expected cash proceeds of $100 million.
Net income was $59.5 million ($1.17 per diluted share) versus $18.6 million ($0.32) in Q2 2024.
Revenues were $1,893.4 million versus $2,017.5 million in Q2 2024.
Adjusted EBITDA was $137.8 million, a 69% improvement from $81.6 million.
The company repurchased $28 million of common stock at an average price of $17.36 per share in the quarter.
Par Pacific signed a definitive agreement to form ProjectCo, a joint venture for a renewable fuels facility co-located with its Kapolei Refinery in Hawaii. Alohi, owned by Mitsubishi and ENEOS, will hold a 36.5% stake for $100 million in cash, while Par Pacific keeps the remaining interest and runs the project; closing is expected in the second half of 2025.
Alohi Renewable Energy, owned by Mitsubishi and ENEOS, will hold 36.5% of ProjectCo for $100 million in cash
Par Pacific will commit cash contributions of up to $21,039,382, less qualifying construction costs from July 1, 2025 to closing
Facility is expected to be completed and operational by the end of 2025, producing about 61 million gallons per year
Transaction is expected to close in the second half of 2025, subject to customary conditions and regulatory approvals
Par Pacific reported a first-quarter 2025 net loss of $30.4 million, or $0.57 per diluted share, compared with a net loss of $3.8 million, or $0.06 per share, a year earlier. Adjusted EBITDA fell to $10.1 million from $94.7 million, and revenues declined to $1.745 billion from $1.981 billion, so headline results weakened sharply for shareholders even as the company repurchased $51 million of its stock.
Net loss of $30.4 million, or $0.57 per diluted share, versus a net loss of $3.8 million, or $0.06 per share, in Q1 2024
Adjusted EBITDA of $10.1 million, compared with $94.7 million in Q1 2024
Revenues of $1.745 billion, compared with $1.981 billion in Q1 2024
Repurchased $51 million of common stock, or 3.6 million shares, in Q1 2025; the Wyoming refinery had an operational incident on February 12, 2025 and returned to full operations in late April
Par Pacific reported a fourth-quarter 2024 net loss of $55.7 million, or $1.01 per diluted share, compared with net income of $289.3 million, or $4.77 per diluted share, a year earlier. For full year 2024, the company posted a net loss of $33.3 million, versus net income of $728.6 million in 2023, and Adjusted EBITDA fell to $238.7 million from $696.2 million. The company also said its Wyoming refinery has been idled since a February 12, 2025 operational incident and is expected to restart in mid-April at reduced throughput.
Q4 2024 revenues were $1.83 billion, down from $2.18 billion in Q4 2023
Full year 2024 net loss of $33.3 million, or $0.59 per diluted share, versus net income of $728.6 million in 2023
Repurchased 5 million common shares in 2024, or 9% of year-end shares outstanding
Wyoming refinery restart expected in mid-April 2025 at reduced throughput, with full operations by end of May
Par Pacific received indications from its lenders to increase its senior secured term loan by $100.0 million, to an aggregate initial principal of $650.0 million, with $641.750 million outstanding. The amendment is expected to be signed on or around November 25, 2024, and the company says the added funds will go to general corporate purposes, which means the company will carry more debt.
On November 18, 2024, lenders indicated commitments to raise the term loan by $100.0 million to $650.0 million initial principal.
Aggregate outstanding principal under the amended loan is $641.750 million.
Amendment No. 2 is expected to be executed on or around November 25, 2024, and take effect that day.
Proceeds will be used for general corporate purposes; the original loan dates from February 28, 2023, with Wells Fargo Bank as administrative agent.
Par Pacific Holdings announced that director Anthony Chase intends to resign from its Board of Directors and the Nominating and Corporate Governance Committee, effective November 15, 2024. The company says the resignation is for personal reasons and not due to any disagreement over its operations, policies, or practices.
Anthony Chase announced his resignation on November 7, 2024.
Resignation takes effect November 15, 2024, from the board and the Nominating and Corporate Governance Committee.
Company states the departure is for personal reasons, not a disagreement with management.
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