| Schedule of Computation of Basic and Diluted Income (Loss) Per Share |
The following table sets forth the computation of basic and diluted income (loss) per share attributable to Par Pacific stockholders (in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Net income | $ | 462,941 | | | $ | 59,460 | | | $ | 509,092 | | | $ | 29,060 | | Less: Net income (loss) attributable to noncontrolling interest | 810 | | | — | | | (7,489) | | | — | | | Net income attributable to Par Pacific stockholders | $ | 462,131 | | | $ | 59,460 | | | $ | 516,581 | | | $ | 29,060 | | | | | | | | | | | | | | | | | | | Numerator for diluted income attributable to Par Pacific stockholders per common share | $ | 462,131 | | | $ | 59,460 | | | $ | 516,581 | | | $ | 29,060 | | | | | | | | | | | Basic weighted-average common stock shares outstanding | 48,509 | | | 50,373 | | | 48,460 | | | 52,052 | | Plus: dilutive effects of common stock equivalents | 935 | | | 463 | | | 1,084 | | | 338 | | | Diluted weighted-average common stock shares outstanding | 49,444 | | | 50,836 | | | 49,544 | | | 52,390 | | | | | | | | | | | Basic income attributable to Par Pacific stockholders per common share | $ | 9.53 | | | $ | 1.18 | | | $ | 10.66 | | | $ | 0.56 | | | Diluted income attributable to Par Pacific stockholders per common share | $ | 9.35 | | | $ | 1.17 | | | $ | 10.43 | | | $ | 0.55 | | | | | | | | | | Diluted income attributable to Par Pacific stockholders per common share excludes the following equity instruments because their effect would be anti-dilutive: | | Shares of unvested restricted stock | 4 | | | 326 | | | 87 | | | 521 | | | Shares of stock options | — | | | 666 | | | 175 | | | 927 | | | | | | | | | |
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