Par Pacific Holdings ( (PARR) ) has released its Q2 earnings. Here is a breakdown of the information Par Pacific Holdings presented to its investors.
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Par Pacific Holdings, Inc., headquartered in Houston, Texas, is an energy company that provides renewable and conventional fuels across the western United States, operating refineries and retail outlets under the Hele and nomnom brands.
Par Pacific Holdings reported strong financial results for the second quarter of 2025, with a significant increase in net income and adjusted EBITDA compared to the same period in 2024. The company achieved a net income of $59.5 million and an adjusted EBITDA of $137.8 million, reflecting robust operational execution and strategic advancements.
Key highlights from the earnings report include a 69% increase in adjusted EBITDA year-over-year, successful completion of the Montana turnaround, and record refining throughput in Hawaii. The company also announced a new joint venture in Hawaii Renewables, expected to generate $100 million in cash proceeds. Additionally, Par Pacific repurchased $28 million of common stock, reducing shares outstanding by 3% during the quarter.
The company continues to focus on strategic growth and operational efficiency, with management expressing confidence in advancing key projects and partnerships. Looking ahead, Par Pacific aims to capitalize on market opportunities and enhance shareholder value through its diversified energy operations.