<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001860799</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0000821483</issuerCik>
      <issuerName>PAR PACIFIC HOLDINGS, INC.</issuerName>
      <secFileNumber>001-36550</secFileNumber>
      <issuerAddress>
        <com:street1>825 TOWN &amp; COUNTRY LANE</com:street1>
        <com:street2>SUITE 1500</com:street2>
        <com:city>HOUSTON</com:city>
        <com:stateOrCountry>TX</com:stateOrCountry>
        <com:zipCode>77024</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>(281) 899-4800</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Flores Shawn David</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Merrill Lynch</name>
        <address>
          <com:street1>3455 Peachtree Road NE</com:street1>
          <com:street2>STE 1000</com:street2>
          <com:city>Atlanta</com:city>
          <com:stateOrCountry>GA</com:stateOrCountry>
          <com:zipCode>30326</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>8062</noOfUnitsSold>
      <aggregateMarketValue>278118.41</aggregateMarketValue>
      <noOfUnitsOutstanding>50814687</noOfUnitsOutstanding>
      <approxSaleDate>09/02/2025</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>02/16/2024</acquiredDate>
      <natureOfAcquisitionTransaction>Vesting of a Stock Award</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>PAR PACIFIC HOLDINGS, INC.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>1979</amountOfSecuritiesAcquired>
      <paymentDate>02/16/2024</paymentDate>
      <natureOfPayment>Compensatory Payment</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>02/18/2024</acquiredDate>
      <natureOfAcquisitionTransaction>Vesting of a Stock Award</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>PAR PACIFIC HOLDINGS, INC.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>1275</amountOfSecuritiesAcquired>
      <paymentDate>02/18/2024</paymentDate>
      <natureOfPayment>Compensatory Payment</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>02/19/2024</acquiredDate>
      <natureOfAcquisitionTransaction>Vesting of a Stock Award</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>PAR PACIFIC HOLDINGS, INC.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>1183</amountOfSecuritiesAcquired>
      <paymentDate>02/19/2024</paymentDate>
      <natureOfPayment>Compensatory Payment</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>02/21/2024</acquiredDate>
      <natureOfAcquisitionTransaction>Vesting of a Stock Award</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>PAR PACIFIC HOLDINGS, INC.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>719</amountOfSecuritiesAcquired>
      <paymentDate>02/21/2024</paymentDate>
      <natureOfPayment>Compensatory Payment</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>07/29/2024</acquiredDate>
      <natureOfAcquisitionTransaction>Vesting of a Stock Award</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>PAR PACIFIC HOLDINGS, INC.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>2906</amountOfSecuritiesAcquired>
      <paymentDate>07/29/2024</paymentDate>
      <natureOfPayment>Compensatory Payment</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>09/02/2025</noticeDate>
      <signature>Shawn David Flores</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
