Par Pacific forecasts 2026 capital spending and turnaround costs of $190 million-$220 million
PARR•PARR•PARR•PARR•Par Pacific forecasts 2026 capital expenditures and turnaround spending of $190 million-$220 million. Its December 2025 mid-cycle estimates include adjusted EBITDA of $485 million-$515 million and modified levered free cash flow of $300 million-$330 million, potentially rising to $470 million-$670 million with small refinery exemption benefits.
Par Pacific forecasts 2026 capital expenditures and turnaround spending of $190 million-$220 million. Its December 2025 mid-cycle estimates put adjusted EBITDA at $485 million-$515 million, based on combined refining throughput of 195,000-200,000 barrels daily. Modified levered free cash flow is projected at $300 million-$330 million, or $470 million-$670 million including potential small refinery exemption benefits.
The company expects to update its mid-cycle financial profile in the first quarter of 2027. It expects full utilization of federal tax attributes during 2026, and the divestment of its 46% stake in Laramie Energy should close by year-end.
