Par Pacific Holdings, Inc. (PARR) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the PAR-Pacific Second Quarter 2026 Earnings Conference Call. All participants will be in a listen-only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Jeff Hollis, Senior Vice President, General Counsel, and Secretary. Please go ahead. Thank you, operator. Welcome to PAR Pacific's earnings conference call. Joining me today are William Monteleone, President, CEO, Richard Creamer, EVP of Refining and Logistics, and Shawn Flores, CFO. Before we begin, note that our comments today may include forward-looking statements. Any forward-looking statements are subject to change that are not guarantees of future performance or events. They are subject to risks and uncertainties, and actual results may differ materially from these forward-looking statements. Accordingly, investors should not place undue reliance on forward-looking statements, and we disclaim any obligation to update or revise them. I refer you to our investor presentation on our website and to our filings with the SEC for additional information. I'll now turn the call over to our President and CEO, William Monteleone. Thank you, Jeff, and good morning, everyone. We're pleased to report strong second quarter financial results driven by excellent operational and commercial execution. Amidst extreme volatility, each of our business units executed crisply and used the full commercial flexibility of our asset base to capture market conditions. System throughput ran at elevated levels through the peak margin window, and our commercial team optimized crude sourcing and product placement, generating excellent capture rates. Fine product cracks remained materially above histo...