v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenues $ 2,968,869 $ 1,893,438 $ 4,792,619 $ 3,638,474
Operating expenses        
Cost of revenues (excluding depreciation) 2,116,189 1,593,479 3,674,693 3,152,839
Operating expense (excluding depreciation) 157,122 148,680 299,640 292,834
Depreciation and amortization 36,454 34,712 70,914 71,298
General and administrative expense (excluding depreciation) 28,047 23,648 52,922 47,891
Equity earnings from refining and logistics investments (7,468) (7,305) (13,297) (14,819)
Acquisition and integration costs 0 0 64 0
Par West redevelopment and other costs 3,676 4,690 6,661 8,672
Other operating loss (gain), net 296 (1,226) 1,147 (1,225)
Total operating expenses 2,334,316 1,796,678 4,092,744 3,557,490
Operating income 634,553 96,760 699,875 80,984
Other income (expense)        
Interest expense and financing costs, net (14,268) (22,106) (30,202) (43,954)
Debt extinguishment and commitment costs (11,461) 0 (11,523) (25)
Other expense, net (171) (163) (185) (534)
Equity earnings (losses) from Laramie Energy, LLC (1,666) 1,856 7,513 2,582
Total other expense, net (27,566) (20,413) (34,397) (41,931)
Income before income taxes 606,987 76,347 665,478 39,053
Income tax expense (144,046) (16,887) (156,386) (9,993)
Net income 462,941 59,460 509,092 29,060
Less:        
Net income (loss) attributable to noncontrolling interest 810 0 (7,489) 0
Net income attributable to Par Pacific stockholders $ 462,131 $ 59,460 $ 516,581 $ 29,060
Income attributable to Par Pacific stockholders per share        
Basic (in dollars per share) $ 9.53 $ 1.18 $ 10.66 $ 0.56
Diluted (in dollars per share) $ 9.35 $ 1.17 $ 10.43 $ 0.55
Weighted-average number of shares outstanding        
Basic (in shares) 48,509 50,373 48,460 52,052
Diluted (in shares) 49,444 50,836 49,544 52,390