Team Penske's Will Power, Scott McLaughlin and Josef Newgarden topped Saturday's Indianapolis 500 qualifications in that order while Kyle Larson turned in the sixth-fastest speed of the day, advancing himself into Sunday's Fast 12 with a shot at landing on the front row — or perhaps the pole — of the event's 108th running on May 26.

The top-12 drivers emboldened below advance to Sunday's Fast 12 where the top-six from that 3:05-4:05 session move onto the Fast Six later in the evening. Positions 13-30 from will start the Indy 500 as they stand while the bottom four drivers will race for positions 31-33 during Sunday's Last Chance Qualifying from 4:15-5:15 p.m.

1. Will Power 233.758 mph
2. Scott McLaughlin 233.332
3. Josef Newgarden 233.293
4. Alexander Rossi 233.069
5. Kyle Kirkwood 232.764
6. Kyle Larson 232.563
7. Felix Rosenqvist 232.547
8. Santino Ferrucci 232.496
9. Takuma Sato 232.473
10. Pato O'Ward 232.434
11. Rinus VeeKay 232.419
12. Ryan Hunter-Reay 232.385
13. Colton Herta 232.316
14. Alex Palou 232.306
15. Callum Ilott 232.230
16. Marcus Armstrong 232.183
17. Ed Carpenter 232.017
18. Kyffin Simpson 231.948
19. Marco Andretti 231.890
20. Helio Castroneves 231.871
21. Scott Dixon 231.851
22. Agustin Canapino 231.847
23. Sting Ray Robb 231.826
24. Christian Rasmussen 231.682
25. Tom Blomqvist 231.578
26. Romain Grosjean 231.514
27. Linus Lundqvist 231.506
28. Christian Lundgaard 231.465
29. Conor Daly 231.243
30. Pietro Fittipaldi 231.100
31. Katherine Legge 230.830
    
32. Marcus Ericsson 230.765
    
33. Graham Rahal 230.685
    
34. Nolan Siegel 228.276

(3:30 p.m. UPDATE): Rebounding with a vengeance after an engine scare kept him from completing all four laps of Saturday's initial Indianapolis 500 qualifying run, Kyle Larson laid down the sixth-fastest speed during his second time trial attempt as he officially qualifies for the event's 108th running while putting himself in prime position for Sunday's Fast 12.

And impressively enough, Larson's average speed of 232.563 mph during his time trial run outpaced his morning qualifying attempt in which he could only complete three laps because of a plenum fire. Larson remains sixth-fastest as of 3:30 p.m. with less than two-and-a-half hours left of the qualifying session that ends at 5:50.

"I'll definitely take that."@KyleLarsonRacin is feeling good after that run 😁

📺: #Indy500 qualifying on Peacock pic.twitter.com/zJuVwWTBu0

— NTT INDYCAR SERIES (@IndyCar) May 18, 2024

"One hell of a job, Kyle — very nice!"

Watch the complete four-lap qualifying run for @KyleLarsonRacin 👇

📺: #Indy500 qualifying on Peacock pic.twitter.com/dlqoLkTP3p

— NTT INDYCAR SERIES (@IndyCar) May 18, 2024

Hard to see but Jeff Gordon and Tony Kanaan are all smiles with Kyle Larson amid the excitement on pit lane.

Larson currently P6 after a fantastic comeback from failing to complete his initial four-lap qualifying run earlier. #Indy500 pic.twitter.com/kBZmrz4hK5

— Kyle McFadden (@ByKyleMcFadden) May 18, 2024

"I wasn't too stressed out after not getting to complete that first run. Just was good," Larson said. "I wasn't expecting to go faster there when we did (that first run). That was surprising. And good.

"I felt like I executed a better run myself that last time, just being more comfortable with hitting buttons and watching shift lights, things like that. Whereas the first run I felt like I executed. I was more, like, having to think about it and really pay attention more. It just became a little more natural knocking the edge off that first run."

A plenum fire was the official diagnosis for Larson's initial qualifying run setback, which IndyCar driver JR Hildebrand described on X  as "a backfire that ignites fuel in the intake plenum" when a driver hits a "little limiter on a shift."

“Engine event” associated with a shift (for Larson) is probably a plenum fire. When you catch a little limiter on a shift it can cause a backfire that ignites fuel in the intake plenum. Lose all power until you fully pedal it. Might not be what happened but kinda sounded like it.

— JR Hildebrand (@JRHildebrand) May 18, 2024

(1:30 p.m. UPDATE): Kyle Larson could not complete his initial four-lap time trial run during Saturday morning's Indianapolis 500 qualifications, citing that "some alarm that popped up on the dash" had "cut a bunch of power" from his Chevy-Dallara-powered No. 17 Hendrickcars.com Arrow McLaren race machine on his fourth and final qualifying lap.

The 2021 NASCAR Cup champion and Indy 500 rookie will have a second opportunity through 5:50 p.m. to qualify once all 34 drivers have completed their guaranteed four-lap time trial run where the average speed over the quartet of laps determine qualifying results.

Arrow McLaren divulged more information via social media, sharing that "Kyle’s engine has been fired up and no issues have been found" and that the team "will attempt his second run after the first round is complete."

Potential problems for @KyleLarsonRacin?

The No. 17 driver says he abandoned his first run due to an alarm and loss of power.

📺: #Indy500 qualifying on Peacock pic.twitter.com/VSNWQAgbgO

— NTT INDYCAR SERIES (@IndyCar) May 18, 2024

Not a guaranteed starter for The Greatest Spectacle in Racing, Larson's priority now is for him to simply qualify inside the top-30 on Saturday and avoid Sunday's last-chance qualifications ahead of May 26's Indy 500 that'll start 33 drivers.

Before his mechanical hiccup on Saturday morning, Larson had a shot to advance into Sunday's Fast 12 and have at least an Indy 500 starting spot in the first four rows. Laps of 232.719, 232.381, and 232.299 mph — plus factoring in the average falloff of 0.209 mph a lap — would've given Larson an average speed of 232.372, which as of 1:30 p.m. would've been seventh-quickest.

With temperatures heating up as the day goes on, having another opportunity as cool as Larson's morning run where he took the track at 11:32 a.m. is unlikely. But at the very least he'll have another go-around at qualifying and an opportunity to still salvage a reasonable starting spot ahead of his highly anticipated Indy 500 debut.