Par Pacific Holdings (PARR) Reveals CapEx Guidance for FY 2026

Par Pacific Holdings, Inc. (NYSE:PARR) is included among the 11 Best Performing Energy Stocks in 2025.

Par Pacific Holdings (PARR) Reveals CapEx Guidance for FY 2026

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Par Pacific Holdings, Inc. (NYSE:PARR) is a growth-oriented company that owns and operates market-leading energy and infrastructure businesses in logistically complex markets.

Par Pacific Holdings, Inc. (NYSE:PARR) announced its 2026 capital expenditure and turnaround outlay guidance on December 22, projecting spending in the range of $190 million to $220 million. The company plans to spend $50-60 million on turnarounds, including approximately $10 million for planned maintenance at its Washington refinery. Meanwhile, maintenance and catalyst costs are expected to come in at $105-$115 million, including approximately $20 million in catalyst costs, $15 million for Hawaii single point mooring investments, and $10 million for Montana reliability investments. Lastly, the company has earmarked $35- $45 million for growth initiatives, including approximately $30 million for refining and logistics investments and $10 million for retail growth investments.

In other news, Par Pacific Holdings, Inc. (NYSE:PARR) received a boost on December 12 when Mizuho analyst Nitin Kumar raised the firm’s price target on the stock from $45 to $49, indicating an upside potential of almost 40% from the current share price. The firm also maintained its ‘Neutral’ rating on PARR.

The revised target follows Mizuho’s update to its ratings and targets in the E&P sector as part of its 2026 outlook. The analyst believes that while overall sentiment in the US oil and gas sector is negative, given the current oversupply and high storage concerns, there is still ‘underappreciated value’ in the group, particularly in E&P, which could begin to be realized next year.

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