Par Pacific Announces 2026 Capital Expenditure Guidance
Par Pacific (NYSE: PARR) announced 2026 capital expenditure and turnaround outlay guidance of $190 million to $220 million.
Rhea-AI Summary
Par Pacific (NYSE: PARR) announced 2026 capital expenditure and turnaround outlay guidance of $190 million to $220 million.
The guidance breaks down to:
- Turnarounds: $50–60 million
- Maintenance & catalyst: $105–115 million (includes about $20 million catalyst and ~$10 million Washington refinery planned maintenance)
- Growth: $35–45 million (includes about $30 million refining and logistics and ~$10 million retail)
Other planned items include approximately $15 million for Hawaii single point mooring (SPM) investments and ~$10 million for Montana reliability investments.
Positive
- 2026 guidance provided: $190–220 million total capex and turnaround outlay
- Growth investments of approximately $30 million refining/logistics and $10 million retail
- Planned reliability investments include $15 million SPM (Hawaii) and $10 million Montana
Negative
- Maintenance & catalyst budget up to $115 million, a large near‑term cash outlay
- Turnarounds budgeted $50–60 million, representing a concentrated short‑term spending peak
Details
News Market Reaction – PARR
On Dec 22, the day this news came out, PARR closed 4.02% below the previous close.
Data tracked by StockTitan Argus for the Dec 22 session.
Key Figures
- 2026 total capex & turnaround
- $190–$220M
- 2026 capital expenditure and turnaround outlay guidance
- Turnarounds
- $50–$60M
- 2026 turnaround spending guidance
- Maintenance & catalyst
- $105–$115M
- 2026 maintenance and catalyst guidance
- Growth capex
- $35–$45M
- 2026 growth capital guidance
- Washington maintenance
- $10M
- Washington refinery planned maintenance included in 2026 guidance
- Catalyst costs
- $20M
- Catalyst costs included in 2026 maintenance & catalyst
- Hawaii SPM investments
- $15M
- Hawaii single point mooring investments in 2026 plan
- Montana reliability
- $10M
- Montana reliability investments in 2026 plan
Historical Context
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SAF supply chain partnership targeting Hawaii-made fuel by Q1 2026.
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Reduced term loan margins lowering interest costs on existing debt.
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Strong quarterly earnings with high net income and EBITDA metrics.
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Closing of Hawaii Renewables JV and equity sale to partners.
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Announcement of Q3 2025 release date and conference call details.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced its 2026 capital expenditure and turnaround outlay guidance with a range of
| 2026 Capital Expenditure and Turnaround Outlay Guidance | |
| $ in millions | |
| Turnarounds 1 | |
| Maintenance & Catalyst 2 | 105 – 115 |
| Growth 3 | 35 – 45 |
| Total Capital Expenditure and Turnaround Outlay | |
- Includes approximately
$10 million in Washington refinery planned maintenance. - Includes approximately
$20 million in catalyst costs,$15 million in Hawaii single point mooring (SPM) investments, and$10 million in Montana reliability investments. - Includes approximately
$30 million in refining and logistics growth investments and$10 million in retail growth investments.
About Par Pacific
Par Pacific Holdings, Inc. (NYSE: PARR), headquartered in Houston, Texas, is a growing energy company providing both renewable and conventional fuels to the western United States. Par Pacific owns and operates 219,000 bpd of combined refining capacity across four locations in Hawaii, the Pacific Northwest and the Rockies, and an extensive energy infrastructure network, including 13 million barrels of storage, and marine, rail, rack, and pipeline assets. In addition, Par Pacific operates the Hele retail brand in Hawaii and the “nomnom” convenience store chain in the Pacific Northwest. Par Pacific also owns
Forward-Looking Statements
This news release includes certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to qualify for the “safe harbor” from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements include, without limitation, statements about Par Pacific’s anticipated 2026 capital expenditures and turnaround costs. We cannot provide assurances that the assumptions upon which these forward-looking statements are based will prove to have been correct. Should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements, and investors are cautioned not to place undue reliance on these forward-looking statements, which are current only as of this date. We do not intend to update or revise any forward-looking statements made herein or any other forward-looking statements because of new information, future events or otherwise. We further expressly disclaim any written or oral statements made by a third party regarding the subject matter of this news release.
For more information contact:
Ashimi Patel Vitter
VP, Investor Relations and Sustainability
(832) 916-3355
apatel@parpacific.com
FAQ
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