Record Operational Throughput in Hawaii
Par Pacific set a quarterly operational throughput record in Hawaii with 88,000 barrels per day, driven by reliable operations and de-constraining efforts.
Strong Financial Performance
Second quarter adjusted EBITDA was $138 million and adjusted net income was $1.54 per share. Year-to-date share count reduced by 8% through repurchases.
Retail Segment Growth
Same-store fuel and in-store revenue increased by 1.8% and 3% respectively compared to the second quarter of 2024.
Strategic Partnership in Renewable Fuels
Announced a joint venture with Mitsubishi and ENEOS Corporation, with a $100 million investment to strengthen renewable fuels capabilities.
Improved Market Conditions
Strong distillate margins and reduced product imports contributed to a favorable market environment, with a Hawaii margin capture of 119%.