Par Pacific sets 2026 capital spending guidance at $190-220 million

Par Pacific Holdings Inc. (NYSE: PARR) announced capital expenditure and turnaround outlay guidance of $190 million to $220 million for 2026, according to a company statement.

The Houston-based energy company allocated the spending across three categories. Turnarounds will account for $50 million to $60 million, including approximately $10 million for planned maintenance at the Washington refinery. Maintenance and catalyst expenses are projected at $105 million to $115 million, which includes $20 million in catalyst costs, $15 million for Hawaii single point mooring investments, and $10 million for Montana reliability investments.

Growth investments comprise $35 million to $45 million of the total, with approximately $30 million designated for refining and logistics growth investments and $10 million for retail growth investments.

Par Pacific operates 219,000 barrels per day of combined refining capacity across four locations in Hawaii, the Pacific Northwest and the Rockies. The company maintains an energy infrastructure network that includes 13 million barrels of storage capacity and marine, rail, rack, and pipeline assets.

The company operates the Hele retail brand in Hawaii and the nomnom convenience store chain in the Pacific Northwest. Par Pacific also owns a 46% stake in Laramie Energy LLC, a natural gas production company with operations in Western Colorado.

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