PAR PACIFIC HOLDINGS, INC.

Listed Company

PARRCIK 0000821483NYSELarge AcceleratedCrude Petroleum & Natural GasDelawareFY ends Dec 31

Period

FY 2025

Revenue

$7.46B

Net Income

$369.39M

Total Assets

$3.83B

Equity

$1.51B

Shares Out

50.14M

Op. Cash Flow

$445.34M

PARR$58.51+96.24% · past yearDBEQ Basic

Daily closing prices

Business

Par Pacific Holdings, Inc. is a growth-oriented energy company that owns and operates four refineries across Hawaii, Wyoming, Washington, and Montana with combined crude oil throughput capacity of 219 Mbpd, converting crude oil into gasoline, distillate, asphalt and other products. The company operates fuel retail outlets under the "Hele" and "nomnom" brands in Hawaii, Washington, and Idaho, and manages an extensive multi-modal logistics network spanning the Pacific, Northwest, and Rocky Mountain regions for transporting petroleum and refined products. Par Pacific also holds equity investments in natural gas development, co-generation, and renewable energy entities.

Summary from 10-K filed 2026-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	7,465	7,974	8,232	7,322	4,710
Cost of revenues (excluding depreciation)	6,110	7,101	6,838	6,376	4,338
Operating expense (excluding depreciation)	588	584	486	333	290
Depreciation and amortization	144	132	120	100	94
General and administrative expense (excluding depreciation)	98	109	91	62	48
Equity earnings from refining and logistics investments	−26	−12	−12	0	0
Acquisition and integration costs	4	100,000	17	4	87,000
Par West redevelopment and other costs	15	13	11	9	10
Other operating loss (gain), net	−7	222,000	−59,000	—	—
Total operating expenses	6,926	7,927	7,552	6,884	4,718
Operating income	539	48	680	438	−8
Interest expense and financing costs, net	−82	−83	−72	−68	—
Debt extinguishment and commitment costs	−1	−2	−19	−5	−8
Other expense, net	−665,000	−2	−53,000	613,000	−52,000
Equity earnings (losses) from Laramie Energy, LLC	23	−296,000	25	0	0
Total other expense, net	−61	−87	−67	−73	−73
Income (loss) before income taxes	478	−39	613	365	−80
Income tax benefit (expense)	−111	6	115	−700,000	−1
Net income (loss)	367	−33	729	—	—
Net loss attributable to noncontrolling interest	−2	0	0	—	—
Net income (loss) attributable to Par Pacific stockholders	369	−33	729	364	−81
Basic (in dollars per share)	7.28	−0.59	12.14	6.12	−1.4
Diluted (in dollars per share)	7.16	−0.59	11.94	6.08	−1.4
Basic (in shares)	51	57	60	60	58
Diluted (in shares)	52	57	61	60	58

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	164	192	279	491	112
Restricted cash	351,000	346,000	339,000	4	4
Total cash, cash equivalents, and restricted cash	164	192	279	495	116
Trade accounts receivable, net of allowances of $0.4 million and $0.4 million at December 31, 2025 and December 31, 2024, respectively	313	398	367	253	195
Inventories	1,229	1,089	1,160	1,042	790
Prepaid and other current assets	70	93	182	92	29
Total current assets	1,776	1,772	1,989	1,882	1,130
Property, plant, and equipment	1,863	1,731	1,578	1,225	1,180
Less accumulated depreciation and amortization	−665	−575	−478	−389	−324
Property, plant, and equipment, net	1,198	1,156	1,099	836	857
Operating lease right-of-use (ROU) assets	391	428	346	351	384
Intangible assets, net	9	10	11	14	16
Goodwill	127	129	129	129	127
Other long-term assets	197	235	187	69	56
Total assets	3,834	3,829	3,864	3,281	2,570
Current maturities of long-term debt	5	5	4	11	11
Obligations under inventory financing agreements	161	194	594	893	738
Accounts payable	342	437	391	151	155
Accrued taxes	32	36	40	32	29
Operating lease liabilities	100	80	73	66	54
Other accrued liabilities	467	344	422	640	370
Total current liabilities	1,106	1,096	1,525	1,794	1,356
Long-term debt, net of current maturities	798	1,108	647	495	554
Finance lease liabilities	12	12	12	6	8
Operating lease liabilities	312	362	283	293	335
Other liabilities	53	60	62	48	52
Total liabilities	2,281	2,638	2,529	2,636	2,305
Commitments and Contingencies (Note 19)	—	—	—	—	—
Noncontrolling interest	41	0	—	—	—
Preferred stock, $0.01 par value: 3,000,000 shares authorized, none issued	0	0	0	0	0
Common stock, $0.01 par value; 500,000,000 shares authorized at December 31, 2025 and December 31, 2024, 49,685,138 shares and 55,265,421 shares issued at December 31, 2025 and December 31, 2024, respectively	497,000	552,000	597,000	604,000	602,000
Additional paid-in capital	958	885	861	836	822
Accumulated earnings	541	296	466	−201	−559
Accumulated other comprehensive income	12	10	8	8	3
Total stockholders equity	1,512	1,191	1,335	645	266
Total liabilities, noncontrolling interest, and stockholders equity	3,834	3,829	3,864	3,281	2,570

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Debt extinguishment and commitment costs	1	2	19	5	—
Non-cash interest expense	7	6	5	4	6
Non-cash lower of cost and net realizable value adjustment	568,000	2	0	−463,000	−10
Deferred taxes	100	−3	−126	274,000	−260,000
Stock-based compensation	17	26	12	9	8
Unrealized (gain) loss on derivative contracts	−26	42	−50	9	−1
Equity earnings from refining and logistics investments	−26	−12	−12	0	0
Dividends received from refining and logistics investments	14	13	4	0	0
Trade accounts receivable	85	−26	−112	−57	−84
Prepaid and other assets	38	56	−82	−35	−6
Inventories	−144	63	180	−254	−351
Deferred turnaround expenditures	−101	−74	−6	−30	−10
Obligations under inventory financing agreements	−60	−53	−92	75	253
Accounts payable, other accrued liabilities, and operating lease ROU assets and liabilities	60	−57	15	263	210
Net cash provided by operating activities	445	84	579	453	−28
Acquisitions of businesses, net of cash acquired	0	0	−595	−36	0
Capital expenditures	−149	−136	−82	−53	−30
Proceeds from sale of assets and other	6	61,000	1	1	104
Net cash used in investing activities	−143	−134	−659	−87	75
Proceeds from borrowings	6,021	4,518	1,463	385	187
Repayments of borrowings	−6,353	−4,062	−1,318	−447	−329
Net borrowings (repayments) of deferred payment arrangements and receivable advances	0	−165	−96	81	—
Payment of deferred loan costs	−2	−10	−14	0	0
Purchase of common stock for retirement	−125	−142	−68	−8	−2
Exercise of stock options	613,000	2	17	—	—
Issuance of subsidiary units	100	0	0	—	—
Proceeds from inventory financing agreements	55	203	0	0	—
Repayments of inventory financing agreements	−28	−382	−113	0	0
Payments for debt extinguishment and commitment costs and termination of inventory financing agreements	−943,000	−1	−9	−3	−6
Other financing activities, net	2	2	2	−412,000	862,000
Net cash used in financing activities	−330	−37	−136	13	−1
Net decrease in cash, cash equivalents, and restricted cash	−28	−87	−215	379	46
Interest	−80	−68	−77	−63	−65
Taxes	4	−12	−6	−51,000	−795,000
Accrued capital expenditures	28	33	13	5	8
ROU assets obtained in exchange for new finance lease liabilities	3	2	8	594,000	2
ROU assets obtained in exchange for new operating lease liabilities	57	166	72	65	97
ROU assets terminated in exchange for release from operating lease liabilities	1	41,000	1	33	7

Filings

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Frequently asked questions

What is PAR PACIFIC HOLDINGS, INC.'s CIK number?

PAR PACIFIC HOLDINGS, INC.'s SEC CIK number is 0000821483 (821483). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find PAR PACIFIC HOLDINGS, INC.'s SEC filings?

All of PAR PACIFIC HOLDINGS, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did PAR PACIFIC HOLDINGS, INC. last report earnings?

PAR PACIFIC HOLDINGS, INC. (PARR) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-030714). This is PAR PACIFIC HOLDINGS, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is PAR PACIFIC HOLDINGS, INC.'s most recent earnings 8-K?

PAR PACIFIC HOLDINGS, INC.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001628280-26-030714. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View PAR PACIFIC HOLDINGS, INC.'s latest earnings 8-K →
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