Filing Flows › PAR Pacific Holdings (PARR) › Q2 2026
PAR Pacific Holdings (PARR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
PAR Pacific Holdings (PARR) reported revenue of $3.0B for the second quarter 2026 (Q2 2026), +57% from a year earlier and +63% from the quarter before. Operating margin was 21.4%, net earnings $462M (15.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | +63% | +57% |
| Operating profit | $635M | +871% | +556% |
| Net earnings | $462M | +749% | +677% |
| Operating cash flow | $283M | — | +112% |
| Free cash flow | $243M | — | +184% |
What changed
Revenue was $3.0B in Q2 2026, up 57% year over year and up 63% from the previous quarter. Fuel Revenue was the largest line at 98% of revenue. Fuel Revenue added $1.1B year over year (up 58%), 100% of the total change.
Operating profit was $0.63B, a 21.4% margin (up 16.3 points year over year). Of the extra revenue versus Q2 2025, 50% reached operating profit, above the 5% margin then. Total costs grew 30% against revenue growth of 57%. The fastest-growing cost line was Cost of revenue (+33%). Net earnings were $0.46B, up 677% year over year. The effective tax rate was 23.7%.
Operating cash flow was $0.28B (up 112% year over year), 61% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items used $0.22B. Capital expenditures of $0.04B left free cash flow of $0.24B.
Questions
What was PAR Pacific Holdings' revenue in the second quarter 2026?
PAR Pacific Holdings (PARR) reported revenue of $3.0B for the second quarter 2026 (Q2 2026), +57% from a year earlier and +63% from the quarter before.
Was PAR Pacific Holdings profitable in the second quarter 2026?
Operating profit was $635M (21.4% of revenue) and net earnings $462M.