1. Par Pacific's 2026 capital expenditure guidance ranges from $190 million to $220 million. 2. Significant investments include $30 million in refining and logistics growth. 3. The company plans $10 million for planned maintenance at the Washington refinery. 4. Par Pacific operates a refining capacity of 219,000 bpd across multiple locations. 5. Future results may vary; shareholders are advised against undue reliance on statements.
FAQ
Why Bullish?
The capital expenditure indicates growth potential, echoing positive trends in refining capacity investments. Historically, robust capital planning drives investor confidence and stock appreciation in energy firms.
How important is it?
The guidance indicates strategic investments fostering growth, but slight uncertainties remain regarding execution and market response.
Why Long Term?
The planned capital expenditures will likely boost capacity and efficiency over time, impacting long-term growth and profitability.
Par Pacific Holdings Announces 2026 Capital Expenditure Guidance
Houston, December 22, 2025 (GLOBE NEWSWIRE) – Par Pacific Holdings, Inc. (NYSE: PARR) has revealed its capital expenditure and turnaround outlay guidance for the fiscal year 2026, projecting a total investment range of $190 million to $220 million.
2026 Capital Expenditure and Turnaround Outlay Breakdown
Par Pacific's guidance for capital expenditures indicates substantial investments across several key categories:
- Turnarounds: $50 million – $60 million
- Maintenance & Catalyst: $105 million – $115 million
- Growth Initiatives: $33 million – $45 million
This comprehensive investment will support operational efficiency and future growth, with specific allocations including:
- Approximately $10 million earmarked for planned maintenance at its Washington refinery.
- $20 million dedicated to catalyst costs.
- $15 million aimed at Hawaii single point mooring (SPM) enhancements.
- $10 million allocated for reliability investments in Montana.
- $30 million for growth investments in refining and logistics.
- $10 million for retail growth initiatives.
About Par Pacific Holdings, Inc.
Par Pacific Holdings, Inc. (NYSE: PARR) is a dynamic energy company headquartered in Houston, Texas. It specializes in delivering both renewable and conventional fuels across the western United States. With an operational refining capacity of 219,000 barrels per day at four locations across Hawaii, the Pacific Northwest, and the Rockies, Par Pacific also boasts a robust energy infrastructure.
Its extensive network includes:
- 13 million barrels of storage capacity.
- Marine, rail, rack, and pipeline assets.
Additionally, Par Pacific operates the Hele retail brand in Hawaii and the “nomnom” convenience store chain in the Pacific Northwest. It has a significant stake, owning 46% of Laramie Energy, LLC, which focuses on natural gas production in Western Colorado. More details can be found at www.parpacific.com.
Forward-Looking Statements
This announcement includes certain “forward-looking statements” under the provisions of the Securities Act and the Securities Exchange Act. These statements are based on current expectations and involve risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied. Investors are cautioned not to unduly rely on these statements.
Par Pacific intends to provide updates regarding its outlook only to the extent required by applicable law and disclaims any obligation to revise or update any forward-looking statements for new information or future events.