Filing Flows › PAR Pacific Holdings (PARR) › Q3 2026 › vs Q2 2026
PAR Pacific Holdings (PARR) Q3 2026 vs Q2 2026 (quarter over quarter)
PAR Pacific Holdings's revenue rose $83.6M (+3%) from $3.0B in Q2 2026 to $3.1B in Q3 2026. The biggest changes: Other Revenue +$55.5M (+90%); Fuel Revenue +$28.1M (+1%). Operating margin 15.5% against 21.4% (-5.9 pts).
PAR Pacific Holdings, Q3 2026: revenue $3.1B (+52% year over year), operating margin 15.5%, net earnings $355M, operating cash flow $839M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 15.5% | 21.4% | -5.9 pts |
| Net margin | 11.6% | 15.6% | -4.0 pts |
| Free cash flow margin | 26.3% | 8.2% | +18.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Fuel Revenue | $2.9B | $2.9B | $28.1M | +1% |
| Other Revenue | $117M | $61.9M | $55.5M | +90% |
| Revenue | $3.1B | $3.0B | $83.6M | +3% |
| Operating profit | $472M | $635M | −$162M | -26% |
| Costs & expenses | $2.6B | $2.3B | $246M | +11% |
| Pre-tax earnings | $465M | $607M | −$142M | -23% |
| Cost of revenue | $2.3B | $2.1B | $221M | +10% |
| General & admin | $26.7M | $28.0M | −$1.4M | -5% |
| Other operating costs | $216M | $190M | $26.4M | +14% |
| Net earnings | $355M | $463M | −$108M | -23% |
| Income tax | $110M | $144M | −$34.1M | -24% |
| Depreciation & amortization | $39.0M | $36.5M | $2.6M | +7% |
| Share-based compensation | $4.1M | $4.4M | −$262K | -6% |
| Working capital & other | $441M | −$221M | $662M | — |
| Operating cash flow | $839M | $283M | $556M | +197% |
| Free cash flow (OCF − capex) | $801M | $243M | $559M | +230% |
| Capital expenditures | $37.4M | $39.7M | −$2.3M | -6% |
Questions
How much did PAR Pacific Holdings's revenue grow quarter over quarter in Q3 2026?
PAR Pacific Holdings's revenue rose $83.6M (+3%) from $3.0B in Q2 2026 to $3.1B in Q3 2026.
What drove PAR Pacific Holdings's revenue change in Q3 2026?
Other Revenue +$55.5M (+90%); Fuel Revenue +$28.1M (+1%).