Par Pacific publishes Q3 2026 earnings call transcript
PARR•Par Pacific reported third-quarter adjusted EBITDA of $646 million, including a $222 million benefit from small refinery exemptions. It gave fourth-quarter refining throughput guidance with a 200,000-barrel-per-day midpoint and plans to use about $150 million to repurchase inventory after terminating Hawaii’s crude intermediation facility, reducing annual funding costs by $14 million.
1. Quarterly results and plans
Par Pacific’s November 4 earnings call featured CEO William Monteleone, CFO Shawn Flores and other executives. Adjusted EBITDA reached $646 million, including a $222 million benefit from small refinery exemptions; fourth-quarter refining throughput guidance has a 200,000-barrel-per-day midpoint following Hawaii’s turnaround. The combined refining index averaged $41.34 per barrel in October, versus $38.45 in the third quarter. Management plans to terminate Hawaii’s crude intermediation facility, use approximately $150 million to repurchase inventory and reduce annual funding costs by $14 million.
