Filing Flows › PAR Pacific Holdings (PARR) › Q2 2026 › vs Q1 2026
PAR Pacific Holdings (PARR) Q2 2026 vs Q1 2026 (quarter over quarter)
PAR Pacific Holdings's revenue rose $1.1B (+63%) from $1.8B in Q1 2026 to $3.0B in Q2 2026. The biggest changes: Fuel Revenue +$1.1B (+65%); Other Revenue +$1.5M (+2%). Operating margin 21.4% against 3.6% (+17.8 pts).
PAR Pacific Holdings, Q2 2026: revenue $3.0B (+57% year over year), operating margin 21.4%, net earnings $462M, operating cash flow $283M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 21.4% | 3.6% | +17.8 pts |
| Net margin | 15.6% | 3.0% | +12.6 pts |
| Free cash flow margin | 8.2% | -4.6% | +12.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Fuel Revenue | $2.9B | $1.8B | $1.1B | +65% |
| Other Revenue | $61.9M | $60.4M | $1.5M | +2% |
| Revenue | $3.0B | $1.8B | $1.1B | +63% |
| Operating profit | $635M | $65.3M | $569M | +871% |
| Costs & expenses | $2.3B | $1.8B | $576M | +33% |
| Pre-tax earnings | $607M | $58.5M | $548M | +938% |
| Other expense, net | $27.6M | $6.8M | $20.7M | +304% |
| Cost of revenue | $2.1B | $1.6B | $558M | +36% |
| General & admin | $28.0M | $24.9M | $3.2M | +13% |
| Other operating costs | $190M | $175M | $15.0M | +9% |
| Net earnings | $462M | $54.5M | $408M | +749% |
| Minority interests | $810K | −$8.3M | $9.1M | — |
| Income tax | $144M | $12.3M | $132M | 12× |
| Depreciation & amortization | $36.5M | $34.5M | $2.0M | +6% |
| Share-based compensation | $4.4M | $3.9M | $530K | +14% |
| Working capital & other | $220M | $133M | $86.9M | +65% |
| Operating cash flow | $283M | −$40.7M | $323M | — |
| Free cash flow (OCF − capex) | $243M | −$83.8M | $327M | — |
| Capital expenditures | $39.7M | $43.1M | −$3.4M | -8% |
Questions
How much did PAR Pacific Holdings's revenue grow quarter over quarter in Q2 2026?
PAR Pacific Holdings's revenue rose $1.1B (+63%) from $1.8B in Q1 2026 to $3.0B in Q2 2026.
What drove PAR Pacific Holdings's revenue change in Q2 2026?
Fuel Revenue +$1.1B (+65%); Other Revenue +$1.5M (+2%).