Par Pacific to Exit Laramie Energy for $485M, Expects ~$146M Net Proceeds
PARR has more than doubled off its 52-week low of $31.23.
Summary
Par Pacific's Laramie Energy subsidiary agreed to sell substantially all of its oil and gas assets for $485 million in cash. Par Pacific expects to receive approximately $146 million net and will exit its 46% non-controlling investment.
Key Events · M&A and Partnerships · PARR
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Laramie Energy Asset Sale
Laramie Energy, 46%-owned by Par Pacific, agreed to sell substantially all of its oil and gas assets to a third-party purchaser for $485 million in cash, of which $60 million is payable on the fifth anniversary of closing.
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Par Pacific Net Proceeds
Net of Seller debt repayment and closing adjustments, Par Pacific expects to receive approximately $146 million, of which approximately $27.5 million is deferred to the fifth anniversary of closing.
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Earn-Out Upside
The Seller is eligible for up to $65 million in price-contingent earn-out payments over the first through fifth anniversaries of closing; Par Pacific's share is up to approximately $30 million.
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Full Exit from Laramie Energy
Par Pacific will exit its 46% non-controlling investment in Laramie Energy upon closing, simplifying its portfolio and monetizing a non-core asset.
Analysis · PARR · Energy & Transportation
Par Pacific's 46%-owned subsidiary Laramie Energy has agreed to sell substantially all of its oil and gas assets for $485 million in cash, with Par Pacific expecting to receive approximately $146 million net of debt repayment and closing adjustments. The company will fully exit its Laramie Energy investment, monetizing a non-core asset at a time when refining margins are surging. The deal includes up to $65 million in price-contingent earn-outs, of which Par Pacific could receive up to $30 million, and is expected to close by the end of 2026. This is a significant strategic simplification that converts an illiquid minority stake into cash proceeds, though $27.5 million of Par Pacific's share is deferred to the fifth anniversary of closing.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 37.4% of the 3413 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PARR was trading at $73.94 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $31.23 to $87.03. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.