Filing Flows › PAR Pacific Holdings (PARR) › Q3 2026 › vs Q3 2025
PAR Pacific Holdings (PARR) Q3 2026 vs Q3 2025 (year over year)
PAR Pacific Holdings's revenue rose $1.0B (+52%) from $2.0B in Q3 2025 to $3.1B in Q3 2026. The biggest changes: Fuel Revenue +$991M (+51%); Other Revenue +$48.1M (+70%). Operating margin 15.5% against 17.8% (-2.3 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.5% | 17.8% | -2.3 pts |
| Net margin | 11.6% | 13.0% | -1.4 pts |
| Free cash flow margin | 26.3% | 9.3% | +17.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Fuel Revenue | $2.9B | $1.9B | $991M | +51% |
| Other Revenue | $117M | $69.2M | $48.1M | +70% |
| Revenue | $3.1B | $2.0B | $1.0B | +52% |
| Operating profit | $472M | $359M | $114M | +32% |
| Costs & expenses | $2.6B | $1.7B | $926M | +56% |
| Pre-tax earnings | $465M | $345M | $120M | +35% |
| Cost of revenue | $2.3B | $1.5B | $883M | +61% |
| General & admin | $26.7M | $24.2M | $2.4M | +10% |
| Other operating costs | $216M | $176M | $40.0M | +23% |
| Net earnings | $355M | $263M | $92.3M | +35% |
| Income tax | $110M | $82.7M | $27.3M | +33% |
| Depreciation & amortization | $39.0M | $36.3M | $2.7M | +8% |
| Share-based compensation | $4.1M | $3.7M | $381K | +10% |
| Working capital & other | $441M | −$83.3M | $524M | — |
| Operating cash flow | $839M | $219M | $620M | +282% |
| Free cash flow (OCF − capex) | $801M | $187M | $614M | +328% |
| Capital expenditures | $37.4M | $32.3M | $5.1M | +16% |
Questions
How much did PAR Pacific Holdings's revenue grow year over year in Q3 2026?
PAR Pacific Holdings's revenue rose $1.0B (+52%) from $2.0B in Q3 2025 to $3.1B in Q3 2026.
What drove PAR Pacific Holdings's revenue change in Q3 2026?
Fuel Revenue +$991M (+51%); Other Revenue +$48.1M (+70%).