Par Pacific to receive ~$146M from Laramie Energy $485M asset sale

PAR PACIFIC HOLDINGS, INC.

• Laramie Energy, 46%-owned by PARR, agreed to sell substantially all oil and gas assets for $485M cash, with $60M deferred to 5th anniversary.
• PARR expects ~$146M of proceeds (incl. ~$27.5M deferred) plus up to ~$30M in earn-outs, and will exit its Laramie investment.
• Transaction expected to close by end of 2026, subject to regulatory approvals and customary closing conditions.
• Seller also eligible for up to $65M in total price-contingent earn-out payments from purchaser over first five anniversaries.