Refining was Par Pacific Holdings’s largest segment in fiscal 2025, bringing in $5.17B of $6.71B (77%).
| Segment | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Refining | $6.28B | $6.83B | $6.43B | $5.17B | ||||||||
| Retail | $189.71M | $1.18B | $1.17B | $936.99M | ||||||||
| Texadian | — | — | — | — | ||||||||
| Logistics | — | $521.56M | — | $596.88M | ||||||||
| Corporate, Eliminations & Other | — | — | — | — | ||||||||
| Total | $6.47B | $8.53B | $7.60B | $6.71B |
Par Pacific Holdings brought in $6.71B from its three segments in fiscal 2025, the year ended December 31, 2025. Par Pacific Holdings regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $7.60B. Refining was the largest at $5.17B (77.1%), ahead of Retail at $936.99M (14.0%) and Logistics at $596.88M (8.9%).
Compared with fiscal 2024, Refining fell 19.5% to $5.17B and Retail fell 19.9% to $936.99M.
Distillates was Par Pacific Holdings’s largest product and service line in fiscal 2021, bringing in $3.91B of $9.55B (41%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|
| Distillates | $3.54B | $5.01B | $2.51B | $3.91B |
| Gasoline | $1.96B | $2.83B | $1.69B | $2.94B |
| Other Refined Products | $917.19M | $2.48B | $1.51B | $2.13B |
| Transportation & Terminalling Services | $251.49M | $398.45M | $361.82M | $369.47M |
| Merchandise | $167.54M | $180.96M | — | $184.01M |
| Oil & Gas | $186.99M | — | — | — |
| Other Revenue | — | $9.71M | $60.40M | $10.74M |
| Total | $7.03B | $10.92B | $6.14B | $9.55B |
Par Pacific Holdings brought in $9.55B from its six product and service lines in fiscal 2021, the year ended December 31, 2021. Par Pacific Holdings regrouped these lines after fiscal 2020, so the total does not compare directly with that year's $6.14B. Distillates was the largest at $3.91B (40.9%), ahead of Gasoline at $2.94B (30.8%) and Other Refined Products at $2.13B (22.3%). The other three lines brought in $564.22M combined.
Compared with fiscal 2020, Gasoline grew fastest, up 74.0% to $2.94B. Every line above 2% of revenue grew.
Par Pacific Holdings began breaking out Other Revenue in fiscal 2019, when it brought in $9.71M. Par Pacific Holdings stopped reporting Oil & Gas as a separate line after fiscal 2018, when it brought in $186.99M.
Par Pacific Holdings (PARR) reports its revenue by segment and by product and service. In fiscal 2025, Refining was its largest segment, bringing in $5.17B (77.1% of the total), followed by Retail at $936.99M (14.0%).
Refining was Par Pacific Holdings' largest segment in fiscal 2025, bringing in $5.17B, or 77.1% of the $6.71B total across its three segments.
Distillates was Par Pacific Holdings' largest product and service line in fiscal 2021, bringing in $3.91B, or 40.9% of the $9.55B total across its six product and service lines.
Every figure comes from Par Pacific Holdings' annual financial filings, as reported. Each line keeps the name Par Pacific Holdings gives it, and years follow its fiscal calendar.
Par Pacific Holdings' revenue by segment goes back to fiscal 2014, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.