Par Pacific Holdings layoffs, on the record

Headcount, as reported

Job cuts, severance and restructuring

1. Our summaryThe company reported severance costs of 1,785 thousand dollars in 2023 as an adjustment to Adjusted Net Income. Year Ended December 31, 2023 · Cost: 1,785

   Word for word“Severance costs 1,785 2,272 84 Impairment expense — — 1,838 Equity losses from Laramie Energy, LLC, excluding cash distributions (14,279) — — Gain on sale of assets, net (59) (169) (64,697) Adjusted Net Income (Loss) (2) 501,168 474,668 (39,043) Depreciation and amortization 119,830 99,769 94,241 Interest expense and financing costs, net, excluding unrealized interest rate derivative loss (gain) 71,629 68,288 69,403 Laramie Energy, LLC cash distributions to Par (10,706) — — Par's portion of interest, taxes, and depreciation expense from refining and logistics investments 3,443 — — Income tax expense 10,883 710 1,021 Adjusted EBITDA (2) $ 696,247 $ 643,435 $ 125,622 ________________________________________________________ (1) For the year ended December 31, 2023, recognized a non-cash deferred tax benefit of $126.2 million related to the release of a majority of the valuation allowance against our federal net deferred tax assets.” 10-K for 2023

2. Our summaryThe company reported severance costs and other non-operating expenses in 2024, including amounts tied to its CEO transition and a legal settlement, within the Adjusted EBITDA reconciliation.

   Word for word“Severance costs and other non-operating expenses (2) 14,802 1,785 2,272 Equity losses (earnings) from Laramie Energy, LLC, excluding cash distributions 1,781 (14,279) — Par's portion of accounting policy differences from refining and logistics investments 3,856 — — Loss (gain) on sale of assets, net 222 (59) (169) Adjusted Net Income (2)(4) 21,219 501,168 474,668 Depreciation and amortization 131,590 119,830 99,769 Interest expense and financing costs, net, excluding unrealized interest rate derivative loss (gain) 83,589 71,629 68,288 Laramie Energy, LLC cash distributions to Par (1,485) (10,706) — Par's portion of interest, taxes, depreciation and amortization expense from refining and logistics investments 6,144 3,443 — Income tax expense (benefit) (2,381) 10,883 710 Adjusted EBITDA (3) $ 238,676 $ 696,247 $ 643,435” 10-K for 2024

Par Pacific Holdings has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.

Read from Par Pacific Holdings’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.