Strong Third Quarter Financial Performance
Par Pacific reported strong operating and financial results with adjusted EBITDA of $372 million and adjusted net income of $5.95 per share. This includes a $203 million gain from small refinery exemptions.
Record Throughput and Operational Efficiency
Achieved near record throughput of 198,000 barrels per day and a new record low in refining production costs at $6.13 per barrel.
Hawaii Renewables Joint Venture
Closed the Hawaii Renewables joint venture with Mitsubishi and ENEOS, receiving $100 million in proceeds.
Retail Segment Success
Retail segment adjusted EBITDA marked the third consecutive quarter of record LTM retail adjusted EBITDA, now at $86 million, supported by strong in-store sales growth.
Strong Balance Sheet and Cash Flow
The balance sheet strengthened with quarter-end liquidity up 14% to $735 million, driven by operational cash flow and strategic financial management.