Par Pacific Q3 net income rises to $262.6 million, or $5.16 per diluted share
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.