Par Pacific reports Q1 2026 net income of $54.5M, boosted by Hawaii refinery and renewable fuels start

Par Pacific Holdings reported a net income of $54.5 million for Q1 2026, a significant turnaround from a loss of $30.4 million in Q1 2025. The company saw strong performance across its refining segments, with record throughput in Hawaii and the start of commercial operations at its Hawaii renewable fuels facility in April. Adjusted EBITDA rose to $91.5 million, driven by improved margins and higher throughput. Par Pacific also repurchased $28 million of stock and maintains strong liquidity with $172.2 million in cash and $937.7 million total liquidity, positioning it well for continued growth amid favorable market conditions.