v3.26.1
Segment Information (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Mar. 31, 2026
USD ($)
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Jun. 30, 2026
USD ($)
segment
Jun. 30, 2025
USD ($)
Segment Reporting [Abstract]            
Reporting segments | segment         4  
Revenues            
Total revenues $ 2,968,869   $ 1,893,438   $ 4,792,619 $ 3,638,474
Cost of revenues (excluding depreciation)            
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)
Operating income (loss) 634,553   96,760   699,875 80,984
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
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
Net income (loss) attributable to noncontrolling interest 810   0   (7,489) 0
Net income attributable to Par Pacific stockholders 462,131 $ 54,450 59,460 $ (30,400) 516,581 29,060
Capital expenditures 39,711   48,126   82,781 89,059
Fuel revenue            
Revenues            
Total revenues 2,906,971   1,834,826   4,670,318 3,471,164
Other revenue            
Revenues            
Total revenues 61,898   58,612   122,301 167,310
Cost of revenues (excluding depreciation)            
Cost of revenues (excluding depreciation) 2,116,189   1,593,479   3,674,693 3,152,839
Refining intercompany logistics costs            
Cost of revenues (excluding depreciation)            
Cost of revenues (excluding depreciation) 0   0   0 0
Operating Segments | Refining            
Revenues            
Total revenues 2,905,082   1,826,509   4,677,609 3,512,638
Cost of revenues (excluding depreciation)            
Cost of revenues (excluding depreciation) 2,124,694   1,601,975   3,702,215 3,173,097
Operating expense (excluding depreciation) 128,452   123,597   244,372 242,217
Depreciation and amortization 26,652   24,919   52,073 51,316
General and administrative expense (excluding depreciation) 0   0   0 0
Equity earnings from refining and logistics investments (4,776)   (5,493)   (8,153) (10,782)
Acquisition and integration costs 0   0   0 0
Par West redevelopment and other costs 0   0   0 0
Other operating loss (gain), net 144   191   870 191
Operating income (loss) 629,916   81,320   686,232 56,599
Capital expenditures 28,917   39,221   60,870 73,195
Operating Segments | Logistics            
Revenues            
Total revenues 79,584   73,005   156,430 144,420
Cost of revenues (excluding depreciation)            
Cost of revenues (excluding depreciation) 48,353   41,166   91,314 81,733
Operating expense (excluding depreciation) 5,262   4,797   11,154 9,162
Depreciation and amortization 6,142   6,530   11,942 13,349
General and administrative expense (excluding depreciation) 0   0   0 0
Equity earnings from refining and logistics investments (2,692)   (1,812)   (5,144) (4,037)
Acquisition and integration costs 0   0   0 0
Par West redevelopment and other costs 0   0   0 0
Other operating loss (gain), net 0   (1,417)   125 (1,417)
Operating income (loss) 22,519   23,741   47,039 45,630
Capital expenditures 5,336   6,981   11,324 10,802
Operating Segments | Retail            
Revenues            
Total revenues 181,525   146,685   314,633 283,117
Cost of revenues (excluding depreciation)            
Cost of revenues (excluding depreciation) 140,805   103,096   237,767 199,735
Operating expense (excluding depreciation) 23,408   20,286   44,114 41,455
Depreciation and amortization 2,759   2,510   5,194 5,172
General and administrative expense (excluding depreciation) 0   0   0 0
Equity earnings from refining and logistics investments 0   0   0 0
Acquisition and integration costs 0   0   0 0
Par West redevelopment and other costs 0   0   0 0
Other operating loss (gain), net 0   0   0 1
Operating income (loss) 14,553   20,793   27,558 36,754
Capital expenditures 4,747   1,469   7,979 3,927
Operating Segments | Corporate and Other            
Cost of revenues (excluding depreciation)            
Operating expense (excluding depreciation) 0   0   0 0
Depreciation and amortization 901   753   1,705 1,461
General and administrative expense (excluding depreciation) 28,047   23,648   52,922 47,891
Equity earnings from refining and logistics investments 0   0   0 0
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 152   0   152 0
Capital expenditures 711   455   2,608 1,135
Operating Segments | Fuel revenue | Refining            
Revenues            
Total revenues 2,849,966   1,799,653   4,590,834 3,405,188
Operating Segments | Fuel revenue | Logistics            
Revenues            
Total revenues 0   0   0 0
Operating Segments | Fuel revenue | Retail            
Revenues            
Total revenues 153,696   118,687   262,305 230,308
Operating Segments | Other revenue | Refining            
Revenues            
Total revenues 55,116   26,856   86,775 107,450
Cost of revenues (excluding depreciation)            
Cost of revenues (excluding depreciation) 2,049,514   1,532,731   3,554,429 3,035,704
Operating Segments | Other revenue | Logistics            
Revenues            
Total revenues 79,584   73,005   156,430 144,420
Cost of revenues (excluding depreciation)            
Cost of revenues (excluding depreciation) 48,353   41,166   91,314 81,733
Operating Segments | Other revenue | Retail            
Revenues            
Total revenues 27,829   27,998   52,328 52,809
Cost of revenues (excluding depreciation)            
Cost of revenues (excluding depreciation) 140,805   103,096   237,767 199,735
Operating Segments | Refining intercompany logistics costs | Refining            
Cost of revenues (excluding depreciation)            
Cost of revenues (excluding depreciation) 75,180   69,244   147,786 137,393
Operating Segments | Refining intercompany logistics costs | Logistics            
Cost of revenues (excluding depreciation)            
Cost of revenues (excluding depreciation) 0   0   0 0
Operating Segments | Refining intercompany logistics costs | Retail            
Cost of revenues (excluding depreciation)            
Cost of revenues (excluding depreciation) 0   0   0 0
Corporate, Eliminations and Other            
Revenues            
Total revenues (197,322)   (152,761)   (356,053) (301,701)
Cost of revenues (excluding depreciation)            
Operating income (loss) (32,435)   (29,094)   (60,954) (57,999)
Intersegment Eliminations            
Cost of revenues (excluding depreciation)            
Cost of revenues (excluding depreciation) (197,663)   (152,758)   (356,603) (301,726)
Intersegment Eliminations | Fuel revenue            
Revenues            
Total revenues (96,691)   (83,514)   (182,821) (164,332)
Intersegment Eliminations | Other revenue            
Revenues            
Total revenues (100,631)   (69,247)   (173,232) (137,369)
Cost of revenues (excluding depreciation)            
Cost of revenues (excluding depreciation) (122,483)   (83,514)   (208,817) (164,333)
Intersegment Eliminations | Refining intercompany logistics costs            
Cost of revenues (excluding depreciation)            
Cost of revenues (excluding depreciation) $ (75,180)   $ (69,244)   $ (147,786) $ (137,393)