PARR Par Pacific (PARR) Q2 FY26 earnings call
Par Pacific delivered exceptional Q2 FY26 results, capitalizing on favorable market conditions with strong operational and commercial execution across its refining, logistics, and retail segments. The company significantly strengthened its balance sheet through debt reduction and maintained a robust liquidity position, while also making progress on its Hawaii Renewables business. Management remains focused on disciplined capital allocation and internal growth projects amidst evolving market dynamics.
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PARR operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Refinery throughput Hawaii | 87K bbl/dIn Hawaii, throughput was strong at 87,000 barrels per day.Source: earnings call transcript | 90K bbl/dIn Hawaii, throughput was a record 90,000 barrels per day and production costs were $4.67 per barrel.Source: earnings call transcript | 73.2K bbl/dIn Hawaii, the Q2 throughput was 73,200 barrels per day and production costs were $6.43 per barrel.Source: earnings call transcript | -18.7% |
| Refinery throughput Washington | 37K bbl/dWashington throughput was 37,000 barrels per day, reflecting reduced rates ahead of the first quarter planned downtime and production costs were $4.57 per barrel.Source: earnings call transcript | 23K bbl/dThe first quarter Washington throughput was 23,000 barrels per day and production costs were $7.53 per barrel, driven by reduced rates related to the February planned downtime.Source: earnings call transcript | 41.2K bbl/dAs I stated, Washington throughput set a new quarterly record at 41,200 barrels per day and production costs were $4.21 per barrel, capturing market missions following the Q1 planned outage.Source: earnings call transcript | +79.1% |
| Refinery throughput Wyoming | 14K bbl/dShifting to Wyoming, throughput was 14,000 barrels per day, and production costs were elevated at $13.27 per barrel due to a third-party power outage in Northern Wyoming and lower seasonal throughput.Source: earnings call transcript | 15K bbl/dShifting to Wyoming, throughput was 15,000 barrels per day and production costs were $11.68 per barrel, reflecting lower seasonal throughput.Source: earnings call transcript | 14K bbl/dThroughput was 14,000 barrels per day and production costs were $15.28 per barrel, reflecting the April outage downtime and costs.Source: earnings call transcript | -6.7% |
| Refinery throughput Montana | 52K bbl/dFinally, in Montana, fourth quarter throughput was 52,000 barrels per day, and production costs were $11.74 per barrel, elevated by approximately $1.50 per barrel due to coker maintenance.Source: earnings call transcript | 57K bbl/dFinally, in Montana, first quarter throughput was 57,000 barrels per day and production costs were $9.05 per barrel.Source: earnings call transcript | 53K bbl/dFinally, in Montana, second quarter throughput was 53,000 barrels per day and production costs were $10.16 per barrel.Source: earnings call transcript | -7% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.