PBF

PBF Energy (PBF) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. The upward trend in estimate revisions for this refiner reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For PBF Energy, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: For the current quarter, the company is expected to earn $3.39 per share, which is a change of +429.1% from the year-ago reported number. Over the last 30 days, the Zacks Consensus Estimate for PBF Energy has increased 15.85% because one estimate has moved higher while one has gone lower. For the full year, the earnings estimate of $7.69 per share represents a change of +286.2% from the year-ago number. The revisions trend for the current year also appears quite promising for PBF Energy, with two estimates moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 14.72%. Thanks to promising estimate revisions, PBF Energy currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. PBF Energy shares have added 11% over the past four weeks, suggesting that...

PARSIPPANY, N.J., June 23, 2026 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the second quarter 2026 on Thursday, July 30, 2026. The company will host a conference call and webcast regarding results and other business matters on Thursday, July 30, 2026, at 8:30 a.m. ET. The call is being webcast and can be accessed on PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (800) 549-8228 or (646) 564-2877. The audio replay will be available approximately two hours after the end of the call and will be available on the company's website. About PBF Energy Inc.PBF Energy Inc. (NYSE: PBF) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. Our mission is to operate our facilities in a safe, reliable and environmentally responsible manner, provide employees with a safe and rewarding workplace, become a positive influence in the communities where we do business and provide superior returns to our investors. PBF Energy is also a 50% partner in the St. Bernard Renewables joint venture focused on the production of next generation sustainable fuels. Contacts:Colin Murray (investors)[email protected]: 973.455.7578 Michael C. Karlovich (media)[email protected]: 973.455.8981 View original content to download multimedia:https://www.prnewswire.com/news-releases/pbf-energy-to-release-second-quarter-2026-earnings-results-302805150.html

It has been about a month since the last earnings report for Par Petroleum (PARR). Shares have lost about 8.2% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Par Petroleum due for a breakout? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent catalysts for Par Pacific Holdings, Inc. before we dive into how investors and analysts have reacted as of late. Par Pacific Misses on Q1 Earnings Estimateas Par Pacific reported adjusted earnings of 78 cents per share, missing the Zacks Consensus Estimate of $1.05 by 25.7%. The bottom line improved from an adjusted loss of 94 cents per share in the year-ago quarter. Quarterly revenues were $1.8 billion, up 4.5% from the year-ago figure of $1.7 million. The top line missed the Zacks Consensus Estimate of $1.9 billion by 5.3%. Management credited stronger market conditions and reliability across the system, while the lower-than-expected quarterly earnings were tied to margin realization dynamics rather than volumes. PARR Segment Revenue Mix Remains Refining-Heavy Segment revenues for the quarter were $1.8 billion in Refining, $76.8 million in Logistics and $133.1 million in Retail. In the year-ago quarter, the company recorded refining revenues of $1.7 billion, logistics revenues of $71.4 million and retail revenues of $136.4 million. The year-over-year revenue increase reflected stronger product pricing and higher refining volumes. Retail revenues declined due to softer fuel and merchandise trends, while Logistics improved on higher utilization across key assets. Par Pacific Results Mixed as Reported Profit Rose Y/Y Adjusted EBITDA for the reported quarter was $91.5 million, a sharp increase from $10.1 million in the first quarter of 2025. PARR reported net income attributable to stockholders of $54.5 million, or $1.10 per share, against a net loss of $30.4 million or 57 cents per share, in the prior-year quarter. On an adjusted basis, net income attributable to stockholders was $38.5 million against an adjusted net loss of $50.3 million a year ago. PARR’s Refining Gains Tempered by Price Lag The Refining segment produced operating income of $56.3 million against an operating loss of $24.7 million a year earlier. Refining adjusted EBITDA was $69.2 million, supported by hig...

Marathon Petroleum Corporation’s MPC refining network spans the Gulf Coast, Mid-Continent and West Coast, but recent industry developments suggest its California exposure may be becoming increasingly valuable. The company operates the Los Angeles refinery, the largest refinery on the West Coast, with crude oil processing capacity of 365,000 barrels per day. Marathon Petroleum also owns the Anacortes refinery in Washington and the Kenai refinery in Alaska, giving it a meaningful presence in a region where fuel supply is becoming structurally tighter. Image Source: Marathon Petroleum Corporation Unlike the U.S. Gulf Coast, where refining capacity additions and export flexibility help balance markets, the West Coast has experienced years of capacity rationalization. Several refineries have either shut down, converted to renewable fuel production or reduced operations. At the same time, stringent environmental regulations and permitting hurdles make new refinery construction highly unlikely. This has created a market where unexpected outages can have an outsized impact on fuel availability and pricing. The importance of this dynamic becomes more evident during periods of elevated demand. California remains one of the largest gasoline-consuming markets in the United States, while local supply growth remains constrained. As a result, refiners with existing, well-positioned assets can benefit from stronger margins when inventories tighten or operational disruptions emerge elsewhere in the region. For Marathon Petroleum, scale matters. The Los Angeles refinery is a major producer of California's specialized CARB-compliant fuels, which face limited competition due to strict product specifications. The ability to supply these premium fuels strengthens the strategic value of the asset and provides access to a market that is difficult for outside refiners to serve efficiently. Marathon Petroleum is not alone in benefiting from West Coast refining exposure. Valero Energy VLO operates major refining assets in California, including facilities in Benicia and Wilmington. Like Marathon Petroleum, Valero supplies CARB-compliant fuels and stands to benefit when regional fuel markets tighten. However, Valero's overall refining footprint remains more concentrated on the Gulf Coast, making California a smaller contributor to its overall earnings mix. PBF Energy PBF also maintains...

PBF Energy (PBF) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this refiner, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For PBF Energy, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: For the current quarter, the company is expected to earn $3.20 per share, which is a change of +410.7% from the year-ago reported number. Over the last 30 days, the Zacks Consensus Estimate for PBF Energy has increased 50.71% because three estimates have moved higher while one has gone lower. For the full year, the company is expected to earn $6.21 per share, representing a year-over-year change of +250.4%. There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, four estimates have moved up for PBF Energy versus two negative revisions. This has pushed the consensus estimate 49.24% higher. The promising estimate revisions have helped PBF Energy earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. Investors have been betting on PBF Energy because of its solid estimate revisions, as evident...

PBF Energy Inc. PBF reported a first-quarter 2026 adjusted loss of 88 cents per share, wider than the Zacks Consensus Estimate of a loss of 79 cents by 11.4%. The bottom line improved from the year-ago quarter’s loss of $3.09. Total quarterly revenues increased 11.9% year over year to $7.90 billion from $7.07 billion in the prior-year quarter. The top line beat the Zacks Consensus Estimate of $6.83 billion. The wider-than-expected loss was due to special charges and increased total costs and expenses. Higher refining margins and increased throughput partially offset the negatives. PBF Energy Inc. price-consensus-eps-surprise-chart | PBF Energy Inc. Quote Refining revenues totaled $7.90 billion, up from the year-ago figure of $7.06 billion. The Logistics segment generated $93.2 million in revenues, down from $94.5 million in the year-ago period. Refining reported income from operations of $335.3 million against an operating loss of $473.2 million a year ago. Income from operations for the Logistics segment was $47.6 million compared with $51.4 million in the prior-year quarter. The Corporate segment posted an operating loss of $83.3 million, which narrowed from $89.4 million recorded in the year-ago quarter. In the quarter under review, throughput improved across PBF’s network. Total crude oil and feedstocks throughput averaged 844.2 thousand barrels per day (bpd), up from 730.4 thousand bpd in the first quarter of 2025. Regional operating data pointed to broad-based gains. East Coast throughput averaged 304.4 thousand bpd, higher than 262.2 thousand bpd recorded in the year-ago period. Mid-Continent (Toledo) throughput averaged 144.0 thousand bpd compared with 137.4 thousand bpd in the year-ago quarter. Gulf Coast (Chalmette) throughput increased to 185.1 thousand bpd from 157.8 thousand bpd registered in the first quarter of 2025. West Coast (Torrance and Martinez) throughput increased from the year-ago figure of 173 thousand bpd to 210.7 thousand bpd. The company-wide gross refining margin per barrel of throughput, excluding special items, was $9.53, higher than the year-earlier figure of $5.96. The gross refining margin per barrel of throughput was $11.68 for the East Coast, up from $5.86 in the year-ago quarter. The realized refining margin rose to $11.34 per barrel for the Gulf Coast from $5.32 a year ago. The metric was $7.34 per barrel in the Mid-Cont...

Martinez restart is nearly complete — the cat feed hydrotreater and alkylation units are running and the FCC is "heating up," with management expecting finished-product production imminently after a methodical, safety-first restart. Q1 financials showed an adjusted net loss of $0.88/share and adjusted EBITDA of $68.7M, weighed down by an aggregate derivative loss of just over $200M (about half expected to reverse as barrels are processed); the quarter also included a $106.5M insurance payment, bringing total recoveries to roughly $1B, with cash of $542M, $2.3B of debt and net debt-to-capitalization of ~36%. Management called the Middle East conflict the "largest disruption ever" to oil markets and sees an "extraordinary" Q2–Q3 for U.S. refiners, while warning that RINs near $13/barrel are a challenge; St. Bernard Renewables contributed roughly $8M EBITDA and ~16,700 bpd of renewable diesel, helping offset RIN exposure. Interested in PBF Energy Inc.? Here are five stocks we like better. As Energy Surges on Crack Spreads, Consider Taking Gains on 2 Small Cap Oil Stocks PBF Energy (NYSE:PBF) reported a first-quarter 2026 adjusted net loss of $0.88 per share and adjusted EBITDA of $68.7 million as the company worked through a delayed restart at its Martinez, California refinery and navigated sharp volatility tied to the conflict in the Middle East. President and CEO Matt Lucey told investors the company is “bringing Martinez back online” and expects the refinery to resume supplying the California market with its “full capabilities” shortly. Lucey said the restart focus has been on three units: the cat feed hydrotreater, the alkylation unit, and the fluid catalytic cracking (FCC) unit. → Meta Posted Its Best Sales Growth Since 2021—So Why Did Shares Fall? Leading Oil Refiner's Stock Climbs Despite Market Volatility “The cat feed hydrotreater and alk are up, and both are running,” Lucey said, adding that with the FCC, the company expects “to be making finished products this weekend.” He noted the rebuild effort was completed in February, but the restart took longer than expected because the company prioritized a safe restart after extensive work completed over the past 14 months. Senior Vice President and Head of Refining Mike Bukowski echoed that the phased restart has been methodical, citing multiple safety and process checks to verify that equipment was correct...

Image source: The Motley Fool. Thursday, April 30, 2026 at 8:30 a.m. ET President and CEO — Matthew Lucey Chief Operating Officer — Michael A. Bukowski Chief Financial Officer — Joseph Marino Executive Chairman — Tom Nimbley Senior Vice President, Commercial — Paul Davis Matthew Lucey: Thanks, Colin. Good morning, everyone, and thank you for joining the call. Indeed, today is a moment. With the disruption in the Middle East, the world is in greater need of the products we produce and therein lies the momentous opportunity for our company to perform and reward our shareholders for owning such critical infrastructure. Within PBF, the spotlight is squarely on Martinez. We are bringing Martinez back online and will shortly be supplying the California market with our full capabilities. This could not be coming at a better time for the West Coast and California markets. There are 3 main areas of focus in terms of the restart of Martinez, the cat feed hydrotreater, the alkylation unit and the FCC. The cat feed hydrotreater and alky are up and both are running. With the FCC, we expect to be making finished products this weekend. While the rebuild effort was completed in February, there is no question the restart took longer than expected. It was critical for us to ensure that all the work accomplished at Martinez over the last 14 months was capped off with a safe restart. Moving on to the broader environment. The events in the Middle East have caused the largest disruption ever in the oil markets and the effects are indeed dramatic and constructive for PBF. Initially, approximately 15 million barrels per day of crude and 5 million barrels per day of product were trapped inside the Straits of Hormuz. The loss of crude barrels was most acutely felt in Asia, but the shortages have cascaded to other markets. 80% of the crude flowing through the straits was destined for Asian refineries, and those refineries in turn, supplied products to many markets, including the U.S. West Coast. As refining runs in Asia have been rationing due to lack of inputs, the loss of products has affected every market. Compounding this impact, the products stranded in the Arabian Gulf have tightened markets in Europe and subsequently, the Atlantic Basin. In the near-term, the markets will continue to adjust in real time to demand signals for both crude and products. Global pricing will dictate...

Management characterizes the current global environment as a 'momentous opportunity' driven by unprecedented Middle East disruptions that have stranded crude and product within the Straits of Hormuz. The Martinez refinery is in the final stages of a phased restart, with the cat feed hydrotreater and alkylation units already operational and the FCC expected to produce finished products by the upcoming weekend. The restart of Martinez took longer than initially expected due to a methodical, safety-first approach to verifying equipment integrity after a 14-month rebuild effort. U.S. refining is positioned as critical infrastructure, particularly on the East and West Coasts, which are structurally short on capacity and currently insulated from global natural gas price spikes. The company achieved its 2025 Refining Business Improvement (RBI) target of $230 million in annualized run-rate savings, including $160 million in operating expense reductions. Capture rates in Q1 were pressured by West Coast operational delays, higher RINs expenses, and derivative losses resulting from a rapidly rising price environment. PBF is utilizing its proprietary M70 pipeline to deliver attractively priced California Valley crude to its Torrance refinery, providing a competitive advantage over imported barrels. Management expects refining fundamentals to remain strong throughout 2026, supported by tight global balances and the necessity for inevitable inventory restocking. The company plans to prioritize deleveraging in the near-term, aiming to transfer value from debt to equity as excess cash flow is generated from improved operations. Working capital is expected to normalize and provide a cash flow tailwind in the second quarter as Martinez operations ramp up and inventory levels stabilize. The St. Bernard Renewables (SBR) facility is expected to serve as a significant hedge against rising RIN prices, with margins stabilizing following the finalization of the RVO. Management anticipates pushing the Martinez hydrocracker turnaround from the second quarter toward the end of the third quarter to maximize production during the current high-margin environment. PBF recognized an aggregate derivative loss of over $200 million in Q1, with approximately half being unrealized and expected to be offset in Q2 as physical barrels are processed. The company received a $106.5 million insurance r...

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. PBF Energy (PBF) just reported first quarter 2026 earnings that swung from a loss to a profit, yet the stock slipped as investors focused on extended restart delays at the Martinez refinery. See our latest analysis for PBF Energy. At a share price of US$43.36, PBF has a 7 day share price return of 5.83%, a 90 day share price return of 29.59%, and a year to date share price return of 51.98%. The 1 year total shareholder return of 170.71% suggests strong momentum despite a 30 day share price return of negative 8.95%, as investors react to Martinez related risks. If refinery stories have your attention, it can be useful to broaden your search using a focused list of 35 power grid technology and infrastructure stocks for potential infrastructure linked ideas. With the shares up strongly over the past year, yet trading at a sizeable intrinsic discount and only slightly above the average analyst target, you have to ask whether PBF is still mispriced or if the market is already pricing in future growth. Analysts following PBF Energy currently see fair value around $36.62, which sits below the last close of $43.36. That gap rests on some specific long term assumptions. Read the complete narrative. Want to see how that cost program feeds into fair value? The narrative connects modest revenue growth, slimmer margins, and a higher future earnings multiple into one valuation story. Result: Fair Value of $36.62 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, there are still meaningful risks, including ongoing Martinez operational issues and breakeven renewable diesel output, that could quickly challenge this overvaluation story. Find out about the key risks to this PBF Energy narrative. Analysts using earnings based multiples see PBF as about 18.4% overvalued at $36.62, yet our DCF model presents a very different picture, with fair value at $89.53 and the shares trading at a sizeable discount. Which set of assumptions appears more realistic to you? Look into how the SWS DCF model arrives at its fair value. The mixed signals around PBF can make the story feel finely balanced, so move quickly, review the underlying data, and weigh up the 2 key rewards and 3 important warning signs If PBF has sparked your i...

PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — PBF Energy Inc. (PBF) on Thursday reported first-quarter earnings of $198.3 million. On a per-share basis, the Parsippany, New Jersey-based company said it had profit of $1.65. Losses, adjusted for non-recurring gains, were 88 cents per share. The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 79 cents per share. The refiner posted revenue of $7.9 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $6.83 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PBF at https://www.zacks.com/ap/PBF

First quarter income from operations of $299.6 million (excluding special items, first quarter loss from operations of $108.4 million, including a $208.8 million mark-to-market derivative loss) Martinez Refinery restart progressing with full planned rates expected in early May Declared quarterly dividend of $0.275 per share PBF received a fourth unallocated installment of $106.5 million related to the Martinez refinery fire PARSIPPANY, N.J., April 30, 2026 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today reported first quarter 2026 income from operations of $299.6 million as compared to loss from operations of $511.2 million for the first quarter of 2025. Excluding special items, first quarter 2026 loss from operations was $108.4 million as compared to loss from operations of $441.8 million for the first quarter of 2025. The company reported first quarter 2026 net income of $200.2 million and net income attributable to PBF Energy Inc. of $198.3 million or $1.65 per share. This compares to net loss of $405.9 million and net loss attributable to PBF Energy Inc. of $401.8 million or $(3.53) per share for the first quarter 2025. Non-cash special items included in the first quarter 2026 results, which increased net income by a net, after-tax benefit of $302.0 million, or $2.53 per share, primarily consisted of PBF LCM ("lower-of-cost-or-market") inventory adjustment, gains on insurance recoveries associated with the February 1, 2025 fire at the Martinez refinery (the "Martinez refinery fire"), and our share of the St. Bernard Renewables LLC ("SBR") LCM inventory adjustment, partially offset by expenses associated with the Martinez refinery fire, and costs related to PBF's Refinery Business Improvement initiative ("RBI"). Adjusted fully-converted net loss for the first quarter 2026, excluding special items, was $102.4 million, or $(0.88) per share on a fully-exchanged, fully-diluted basis, as described below, compared to adjusted fully-converted net loss, excluding special items, of $353.6 million or $(3.09) per share, for the first quarter 2025. Matt Lucey, PBF's President and CEO, said, "Following a year of extensive work and exhaustive efforts by all involved, our Martinez refinery is returning to full operations at a time when the markets are calling for products from all available sources. The team at Martinez conducted repairs as expeditiously as possible a...