Brad Pitt looks incredible at star-studded pre-Oscars party

Pitt was sporting a new salt-and-pepper beard, with a source confirming the staris in a good place.

“He looked happy and healthy,” a source at the party told PEOPLE. “He stayed pretty low-key in a cap, but guests were definitely buzzing about him being there and how great he looked. He was smiling and being social with people.”