Par Pacific generated net income attributable to stockholders of 77700000 on revenues of 1813240000 in Q4 2025, supported by higher refining margins and improved segment profitability compared to the prior year.
Par Pacific Holdings, Inc. reported a net loss of $30.4 million for the first quarter of 2025, or $0.57 per diluted share. This compares to a net loss of $3.8 million in the same quarter of 2024. Adjusted EBITDA for Q1 2025 was $10.1 million, a significant decrease from $94.7 million in Q1 2024.
Par Pacific Holdings, Inc. reported a net loss of $(55.7) million, or $(1.01) per diluted share, for the fourth quarter ended December 31, 2024. This compares to a net income of $289.3 million, or $4.77 per diluted share, for the same quarter in 2023. Adjusted EBITDA for Q4 2024 was $10.9 million, a significant decrease from $122.0 million in Q4 2023.
Par Pacific reported a challenging third quarter due to a tough summer refining margin environment, but refining system throughput set a quarterly record, and retail and logistics segments delivered strong results.
Par Pacific reported a net income of $18.6 million, or $0.32 per diluted share, for the second quarter of 2024. Adjusted EBITDA was $81.6 million. The company successfully completed the Billings turnaround on time and on budget and refinanced its working capital.
Par Pacific reported a net loss of $(3.8) million for Q1 2024, but an adjusted net income of $41.7 million and adjusted EBITDA of $94.7 million. The company repurchased $73 million of common stock year to date and announced refinancing activities resulting in approximately $13 million of annual cash savings. The company's outlook remains strong, with recent maintenance activities positioning them to optimize throughput during the summer season.
Par Pacific reported a net income of $289.3 million for Q4 2023, a significant increase compared to $84.7 million for the same quarter in 2022. The company's performance was boosted by a deferred income tax benefit of $126.2 million. Adjusted EBITDA for the quarter was $122.0 million, compared to $174.9 million in the fourth quarter of 2022.
Par Pacific reported a net income of $171.4 million, or $2.79 per diluted share, for the quarter ended September 30, 2023. The company's Adjusted Net Income was $193.5 million and Adjusted EBITDA was a record $255.7 million.
Par Pacific Holdings reported a net income of $30.0 million, or $0.49 per diluted share, and an adjusted net income of $105.6 million, or $1.73 per diluted share, for Q2 2023. The company's adjusted EBITDA was $150.8 million. The Billings acquisition closed on June 1 and is contributing to earnings.
Par Pacific Holdings reported a net income of $237.9 million, or $3.90 per diluted share, and an adjusted net income of $137.5 million, or $2.25 per diluted share, for the quarter ended March 31, 2023. The company's adjusted EBITDA was $167.6 million, and they announced a $90 million investment in a Hawaii renewable fuels project.
Par Pacific reported a net income of $84.7 million, or $1.40 per diluted share, for the quarter ended December 31, 2022, compared to $8.1 million, or $0.14 per diluted share, for the same quarter in 2021. The company's performance was driven by historic market conditions and excellent commercial performance.
Par Pacific reported a net income of $267.4 million for Q3 2022, a significant increase compared to $81.8 million in the same quarter of 2021. The company's Adjusted EBITDA also saw a substantial rise, reaching $214.1 million compared to $58.2 million in Q3 2021.
Par Pacific Holdings reported a net income of $149.1 million, or $2.50 per diluted share, for the quarter ended June 30, 2022, a significant improvement compared to the net loss of $(109.0) million, or $(1.84) per diluted share, for the same quarter in 2021. Adjusted EBITDA was $242.1 million, compared to $26.7 million in the second quarter of 2021.
Par Pacific reported a net loss of $(137.1) million, or $(2.31) per diluted share, for Q1 2022, compared to a net loss of $(62.2) million, or $(1.15) per diluted share, for the same quarter in 2021. Adjusted EBITDA was $8.3 million, compared to $(34.4) million in the first quarter of 2021. The results include a $(5.0) million RINs mark-to-market (MTM) expense. Despite the loss, the company successfully completed refinery turnarounds and expects to benefit from strong market conditions.
Par Pacific Holdings reported a net income of $8.1 million, or $0.14 per diluted share, for the fourth quarter of 2021, compared to a net loss of $(131.9) million for the same quarter in 2020. The company's adjusted net loss was $(13.0) million, and adjusted EBITDA was $26.8 million for the quarter.
Par Pacific Holdings reported a record quarterly net income of $81.8 million, or $1.37 per diluted share, for the third quarter of 2021. The company's performance was driven by strong operational execution and the ongoing global recovery.
Par Pacific Holdings reported a net loss of $109.0 million for the quarter ended June 30, 2021, compared to a net loss of $40.6 million for the same quarter in 2020. The company's refining business is well-positioned to return to profitability as the market environment improves.
Par Pacific reported a net loss of $62.2 million, or $(1.15) per diluted share, for the quarter ended March 31, 2021, compared to a net loss of $222.3 million, or $(4.18) per diluted share, for the same quarter in 2020. First quarter 2021 Adjusted Net Loss was $84.4 million, compared to Adjusted Net Loss of $27.3 million in the first quarter of 2020. First quarter 2021 Adjusted EBITDA was $(43.3) million, compared to $13.7 million in the first quarter of 2020.
Par Pacific Holdings reported a net loss of $131.9 million for Q4 2020, compared to a net income of $35.4 million in Q4 2019. Despite the loss, the company completed renewables logistics project in Tacoma and achieved significant operating expense reductions.
Par Pacific Holdings reported a net loss of $14.3 million for the third quarter of 2020, compared to a net loss of $83.9 million for the same quarter in 2019. The company focused on completing major turnarounds and cost-saving initiatives to prepare for a return to positive free cash flow in 2021.
Par Pacific reported a net loss of $40.6 million, or $(0.76) per diluted share, for the quarter ended June 30, 2020, compared to net income of $28.2 million, or $0.56 per diluted share, for the same quarter in 2019. The company was negatively impacted by the pandemic, especially in its Hawaii Refining & Logistics segment, but saw record results from its Retail operations and positive Adjusted EBITDA from its Washington and Wyoming Refining & Logistics business units.
Par Pacific reported a net loss of $222.3 million, or $(4.18) per diluted share, for the quarter ended March 31, 2020. The loss was attributed to the COVID-19 pandemic and other macroeconomic factors. The company has implemented measures to reduce costs and optimize its asset base.
Par Pacific Holdings reported a net income of $35.4 million, or $0.68 per diluted share, for the quarter ended December 31, 2019. Adjusted net income was $55.7 million and adjusted EBITDA was $94.0 million.