Full-Time
Posted on 10/31/2025
Owns and operates refining, retail, logistics.
No salary listed
Sundance Creek, Wyoming, USA
In Person
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Par Pacific manages energy and infrastructure assets through three segments: refining, retail, and logistics. The company processes crude oil in Hawaii, transports products via a network of pipelines and terminals, and sells fuel through its own gas stations and convenience stores. Unlike larger competitors, Par Pacific focuses on acquiring and optimizing assets in niche regional markets to create a tightly integrated supply chain. Its goal is to increase the value of these specialized assets by improving operational efficiency and meeting the specific energy needs of the communities it serves.
Company Size
201-500
Company Stage
IPO
Headquarters
Houston, Texas
Founded
2012
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Paid Vacation
Paid Holidays
401(k) Retirement Plan
401(k) Company Match
Employee Assistance Program
Par Pacific Holdings plans to remodel "a handful" of convenience stores in Hawai'i over the coming years, following a successful remodel in the Pacific Northwest last year. The company will dedicate $10 million to its retail network in 2026 through remodels and new-to-industry projects. The remodels will feature improved merchandising, expanded food and beverage offerings and enhanced site presentation. The Pacific Northwest location remodeled last year saw a 7% increase in fuel sales, 14% rise in merchandise sales and 54% jump in foodservice sales. Par Pacific operates about 120 convenience and fuelling sites across Idaho, Washington and Hawai'i under the Hele, Nomnom and 76 banners. The company emphasised retail remains a "high-return, capital efficient" part of its portfolio, with EBITDA and inside store gross margins growing for four and three straight years respectively.
Par Pacific Holdings has formed Hawaii Renewables, a joint venture to build a renewable fuels manufacturing facility expected to begin operations in the first half of 2026. The project marks the company's expansion into lower-carbon fuels alongside its core refining business. The announcement follows strong financial results. Par Pacific reported net income of $369.39 million in 2025, compared to a $33.32 million loss in 2024, despite sales falling to $7.46 billion from $7.97 billion. The company achieved record refining throughput whilst maintaining margins. Par Pacific has also authorised a new $250 million share buyback programme, having already repurchased 10.99% of shares for $112.88 million. The company faces questions over whether its refining operations can sustain both renewable investments and shareholder returns through market cycles.
Par Pacific reported full-year adjusted EBITDA of $634 million and adjusted net income of $7.56 per share, whilst achieving record refining throughput of 188,000 barrels per day for 2025. The company finished the year with record liquidity of $915 million and reduced gross debt by $310 million and shares outstanding by approximately 10%. Hawaii operations outperformed with average throughput of 84,000 barrels per day, 4% above the prior three-year average. Fourth-quarter combined throughput reached 191,000 barrels per day, though Wyoming and Montana experienced elevated costs from outages and maintenance. The company's Hawaii renewable fuels project moved into commissioning with successful pretreatment tests. Par Pacific received $100 million in proceeds from the Hawaii renewables joint venture, materially improving liquidity. Management guided first-quarter system-wide throughput to a midpoint of 182,000 barrels per day.
Par Pacific Holdings (NYSE: PARR) shares fell 8.76% between 18 and 25 February following its fourth-quarter 2025 results. The energy company reported adjusted earnings of $1.17 per share, missing forecasts by $0.11, though revenue of $1.81 billion exceeded expectations by over $130 million. The company posted net income of $75.4 million for Q4, compared with a $56 million loss in the prior year. Full-year 2025 net income reached $367.1 million, up from a $33.3 million loss in 2024, supported by record throughput of 188,000 barrels per day. Par Pacific reduced total debt by $310 million in 2025 and decreased shares outstanding by 10%. The company operates energy and infrastructure businesses in logistically complex markets.
Par Pacific Holdings reported full-year adjusted EBITDA of $634 million, a 13% increase from 2024, with adjusted net income of $390 million, or $7.56 per share. Fourth quarter adjusted EBITDA reached $113 million, with adjusted net income of $60 million. The company achieved record annual refining throughput of 188,000 barrels per day. Hawaii operations averaged 84,000 barrels per day, 4% above the prior three-year average. Both retail and logistics segments posted record profits, with retail EBITDA reaching $86 million and logistics generating $126 million. Par Pacific strengthened its balance sheet, ending the year with approximately $915 million in liquidity, a 49% improvement. The company reduced shares outstanding by 10% to 49.7 million and lowered gross term debt to approximately $640 million.