Par Pacific posts Q4 net income of $77.7 million vs. a loss a year earlier
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 1:39 AM ET, from this filing 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 February 24, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.