9 | Par Pacific INVESTOR PRESENTATION | NOVEMBER 2021 Forward-Looking Statements / Disclaimers The information contained in this presentation has been prepared to assist you in making your own evaluation of the company and does not purport to contain all of the information you may consider important. Any estimates or projections with respect to future performance have been provided to assist you in your evaluation, but should not be relied upon as an accurate representation of future results. Certain statem ...

Par Pacific Holdings, Inc. (NYSE:PARR) Q2 2021 Results Conference Call August 5, 2021 10:00 AM ET Company Participants Ashimi Patel - Investor Relations William Pate - President and Chief Executive Officer Joseph Israel - President and Chief Executive Officer of Par Petroleum Will Monteleone - Chief Financial Officer Conference Call Participants Carly Davenport - Goldman Sachs Phil Gresh - JPMorgan Jason Gabelman - Cowen Matthew Blair - Tudor, Pickering, Holt Patrick Sheffield - Beach Point Capital Jake Gom ...

9 | Par Pacific INVESTOR PRESENTATION | AUGUST 2021 Forward-Looking Statements / Disclaimers The information contained in this presentation has been prepared to assist you in making your own evaluation of the company and does not purport to contain all of the information you may consider important. Any estimates or projections with respect to future performance have been provided to assist you in your evaluation, but should not be relied upon as an accurate representation of future results. Certain statemen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ________________________________________________________________________________________________________________________ FORM 10-Q ________________________________________________________________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 O ...

| Par Pacific 9 INVESTOR PRESENTATION | MAY 2021 Forward-Looking Statements / Disclaimers The information contained in this presentation has been prepared to assist you in making your own evaluation of the company and does not purport to contain all of the information you may consider important. Any estimates or projections with respect to future performance have been provided to assist you in your evaluation, but should not be relied upon as an accurate representation of future results. Certain statements, ...

Financial Data and Key Metrics Changes - First quarter adjusted EBITDA was a loss of $43 million and adjusted net loss was $1.55 per share, which included a $47 million non-cash prior period mark-to-market expense [8][28] - Current liquidity stands at $287 million, significantly higher than the end of 2019 levels, and net debt is down to $462 million, more than $45 million below year-end 2019 [15][37] Business Line Data and Key Metrics Changes - The retail segment adjusted EBITDA contribution was $8 million, down from $16 million in the fourth quarter of 2020, primarily due to margin compression and lower volumes [30] - The Logistics segment adjusted EBITDA contribution was $16 million, up $7 million from the fourth quarter of 2020, driven by increased demand in Hawaii and Wyoming [31] - The Refining segment recorded an adjusted EBITDA loss of $55 million, but excluding the prior period mark-to-market expense, the loss would be $9 million [32] Market Data and Key Metrics Changes - Air travel to Hawaii increased significantly, with passenger arrivals now approximately 65% of pre-pandemic levels, primarily due to domestic travel [9] - The Wyoming 3-2-1 Index averaged $20.97 per barrel in Q1, with throughput averaging approximately 15,000 barrels per day [19] - The Singapore 3-1-2 Index averaged $3.80 per barrel in Q1, with throughput averaging approximately 81,000 barrels per day [23] Company Strategy and Development Direction - The company is transitioning its Northwest retail unit to its proprietary nomnom convenience store brand, which is expected to boost segment profit [13] - The company is well-positioned for new greenhouse gas regulations due to low emissions and a completed renewables logistics system [14] - The company anticipates improving profitability as the economy recovers and expects much of the global demand growth to be in distillates [15][16] Management's Comments on Operating Environment and Future Outlook - Management noted a key inflection point in the industry due to increasing vaccination rates and improving mobility trends [7] - The company expects a rebound in retail performance as crude oil prices stabilize and traffic volumes increase [12] - Management expressed confidence in the recovery of refining profitability, particularly in Hawaii, as market conditions improve [44] Other Important Information - The company completed a $116 million sale-leaseback of certain real estate properties and an $87 million equity issuance to enhance liquidity [14][37] - The company is focused on maximizing asset utilization and transitioning back to positive profitability territory [26] Q&A Session Summary Question: Trends in second quarter performance and Hawaii - Management observed significant changes in profitability from January and February to March, with increased runs at refineries and improved market indices [43] Question: Singapore crack spreads and demand recovery - Management indicated that while supply has increased, the Singapore market is affected by international factors and may return to historical means with ongoing volatility [50] Question: Retail segment performance in Q1 - Management noted that volume lagged behind Q4 due to fewer days and a lull in markets, but March showed improvement [56] Question: RINs obligations and Supreme Court case - Management expects the Supreme Court to reverse a lower court decision, allowing for waivers for 2019 and 2020 RINs obligations [62][66] Question: Crude guidance in Hawaii - Management clarified that the increase in crude costs is due to a lag in pricing and not a change in crude quality [69] Question: Laramie's performance and cash generation - Management stated that Laramie's cash generation will primarily be used for debt reduction [72] Question: Logic behind equity raise - Management explained that the equity raise aims to lower the cost of senior debt funding and improve liquidity [83]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ________________________________________________________________________________________________________________________ FORM 10-Q ________________________________________________________________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ________________________________________________________________________________________________________________________ FORM 10-K ________________________________________________________________________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR ...

Par Pacific Holdings, Inc. (NYSE:PARR) Q4 2020 Earnings Conference Call February 25, 2021 10:00 AM ET Company Participants Ashimi Patel - Manager, Investor Relations William Pate - President & Chief Executive Officer Joseph Israel - President and Chief Executive Officer Will Monteleone - Chief Financial Officer Conference Call Participants Neil Mehta - Goldman Sachs Phil Gresh - JPMorgan Matthew Blair - Tudor, Pickering, Holt Manav Gupta - Crédit Suisse Patrick Sheffield - Beach Point Capital Operator Gree ...

INVESTOR PRESENTATION I FEBRUARY 2021 Forward-Looking Statements / Disclaimers The information contained in this presentation has been prepared to assist you in making your own evaluation of the company and does not purport to contain all of the information you may consider important. Any estimates or projections with respect to future performance have been provided to assist you in your evaluation, but should not be relied upon as an accurate representation of future results. Certain statements, estimates ...