I will add that it is 2hrs 46 mins. But it was over before I knew it. It's didn't feel like 3 hours. I was like "That's it!" So the pacing is stellar.

And just you know, it was supposed to just 2 movies but they shot so much footage that Peter Jackson turned it into a trilogy because 2 4 hours moving was asking too much and it would have been a shame to cut a bunch of stuff out.