PBF Energy Inc. (PBF) Stock Price & Analysis
PBF Energy Inc. (PBF) closed at USD 79.25 on Thursday, October 22, 2026, down 2.81% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 81.54; the Oct 22, 2026 session ranged USD 78.11–82.78 on volume of 2,424,511 shares. Market capitalization is $9.39B, with a 52-week range of USD 25.62–92.46 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:15 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PBF.md
Key facts (PBF)
- Last four reported quarters (through Jun 30, 2026): revenue $34.4B, net income $1.35B (3.9% margin), free cash flow $743M (SEC filings).
- Valuation: P/E 6.9x (avg 2.7x at the last 1 fiscal year-ends), EV/EBITDA 5.1x, net debt $855M.
- 1 of 80 tracked superinvestors hold PBF (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Analysts: Hold (mean 3.29 on a 1–5 scale) (14 analysts), mean target USD 84 (range 55–113).
- Total return with dividends: 1Y +138.4% vs S&P 500 +14.9%; 5Y +471.5% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 11.02, revenue estimate $10.8B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PBF)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $27.3B | $46.8B | $38.3B | $33.1B | $29.3B | $34.4B |
| Gross profit | $887M | $4.68B | $2.40B | -$372M | -$571M | — |
| Operating income | $597M | $4.15B | $2.95B | -$699M | -$54.3M | $1.99B |
| Net income | $231M | $2.88B | $2.14B | -$534M | -$159M | $1.35B |
| EPS (diluted) | $1.90 | $22.84 | $16.52 | -$4.60 | -$1.39 | — |
| Free cash flow | $228M | $4.14B | $679M | -$348M | -$783M | $743M |
| Gross margin | 3.3% | 10.0% | 6.3% | -1.1% | -1.9% | — |
| Operating margin | 2.2% | 8.9% | 7.7% | -2.1% | -0.2% | 5.8% |
| Net margin | 0.8% | 6.1% | 5.6% | -1.6% | -0.5% | 3.9% |
| Revenue growth | +80.3% | +71.8% | -18.2% | -13.6% | -11.4% | — |
| Cash + short-term investments | $1.34B | $2.20B | $1.78B | $536M | $528M | — |
| Total debt | $4.30B | $1.43B | $1.25B | $1.46B | $2.15B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PBF)
P/E 6.9x · P/S 0.3x · EV/EBITDA 5.1x · EV/Sales 0.3x · P/FCF 12.6x · P/B 1.5x · FCF yield 7.91% · Earnings yield 14.40% · Net debt $855M · EV $10.2B
P/E at fiscal year-ends: Dec 2023 2.7x.
Superinvestors (SEC 13F-HR, Q2 2026) (PBF)
1 of 80 tracked investors hold PBF. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Third Avenue Management | 0.95% | $6.0M | Unchanged |
Analysts (PBF)
Consensus Hold (mean 3.29 on a 1–5 scale), 14 analysts; mean target USD 84 (low 55, high 113).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | TD Cowen | Target raised | Hold | $73 → $75 |
| 2026-10-09 | Goldman Sachs | Target raised | Neutral | $81 → $91 |
| 2026-10-08 | Mizuho | Target raised | Neutral | $65 → $89 |
| 2026-10-06 | Citigroup | Target raised | Neutral | $74 → $91 |
| 2026-09-14 | Morgan Stanley | Target raised | Underweight | $38 → $76 |
| 2026-08-18 | Goldman Sachs | Target raised | Neutral | $71 → $81 |
| 2026-08-04 | UBS | Target raised | Buy | $62 → $84 |
| 2026-08-04 | Mizuho | Target raised | Neutral | $57 → $65 |
| 2026-07-31 | Citigroup | Target raised | Neutral | $65 → $74 |
| 2026-07-24 | Citigroup | Target raised | Neutral | $43 → $65 |
| 2026-07-23 | Goldman Sachs | Target raised | Neutral | $51 → $71 |
| 2026-07-21 | TD Cowen | Target raised | Hold | $39 → $68 |
Total return (dividends reinvested) (PBF)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +138.4% | +471.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +139.2% | +41.6% |
| Volatility (annualized) | 64.4% | 60.5% |
| Max drawdown | -34.9% (Nov 2025→Dec 2025) | -75.0% (Apr 2024→Mar 2025) |
PBF revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Prior to elimination | $11.77B | 100.8% | +55.6% |
| Refining Group | $11.68B | 100.0% | +56.4% |
| PBF Logistics LP | $94.9M | 0.8% | -3.2% |
| PBF Logistics LP | $94.9M | 0.8% | -3.2% |
| Total revenue | $11.68B | 100% | — |
PBF revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Gasoline & Distillate | $10.27B | 87.9% | +55.9% |
| Asphaltand Residual Oil | $604.7M | 5.2% | +45.7% |
| Other Refiningand Marketing | $486.7M | 4.2% | +102.2% |
| Chemicals | $221.0M | 1.9% | +61.9% |
| Lubricants | $98.9M | 0.8% | +12.6% |
| Total revenue | $11.68B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
PBF suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Shell (SHEL) | “For the years ended December 31, 2025 and December 31, 2024 only one customer, Shell plc ("Shell"), accounted for 10% or more of our revenues (approximately 13% and 13%, respectively).” |
| Partner | Eni | “On June 27, 2023, together with our partner, Eni, we closed on the jointly held investment in SBR, which owns the Renewable Diesel Facility.” |
| Partner | Bernard Renewables | “On June 27, 2023, together with our partner, Eni, we closed on the jointly held investment in SBR, which owns the Renewable Diesel Facility.” |
| Partner | Sunoco LP (SUN) | “We have an agreement with Sunoco whereby Sunoco purchases gasoline and distillate products representing approximately one-third of the Toledo refinery's gasoline and distillates production.” |
Quoted from the company's 10-K filed Feb 12, 2026.
PBF customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 13% of revenue, per the company's 10-K filed Feb 12, 2026. The company does not name it.
PBF company outlook (results filed Jul 30, 2026)
- “In 2025, the RBI program generated in excess of $230 million of run-rate cost improvements and that total is expected to grow to more than $350 million of run-rate cost improvements by year-end 2026.”
- “PBF's initial turnaround planning guidance for 2026 included five major turnarounds across our system.”
- “As a result, we are reducing our 2026 capital expenditure guidance to $825-$875 million for the year, excluding capital related to the Martinez rebuild.”
Quoted word-for-word from the SEC 8-K results press release.
PBF analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $11.02 | $5.44 | +102.5% | $10.78B | 13 |
| Next quarter (ends Dec 2026) | $7.75 | $2.15 | +260.2% | $10.27B | 4 |
| Current fiscal year (ends Dec 2026) | $24.51 | $10.90 | +124.8% | $41.00B | 14 |
| Next fiscal year (ends Dec 2027) | $18.56 | $7.74 | +139.7% | $37.91B | 4 |
PBF options: expected move
Options price a move of about ±18.0% (±$14.25) by Nov 20, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±5.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 79.7% | ±18.0% |
| Dec 18, 2026 | 56 | 73.7% | ±23.2% |
| Jan 15, 2027 | 84 | 71.7% | ±27.5% |
| Mar 19, 2027 | 147 | 69.9% | ±35.1% |
| May 21, 2027 | 210 | 71.5% | ±42.4% |
| Jun 17, 2027 | 237 | 69.1% | ±43.5% |
| Aug 20, 2027 | 301 | 69.2% | ±48.6% |
| Nov 19, 2027 | 392 | 67.2% | ±53.4% |
30-day implied volatility 79% vs 63.5% realized over the last 30 trading days. Put/call ratio (volume) 1.27. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:15 UTC)
| Price | USD 79.25 |
|---|---|
| Change | ▼ 2.81% (down) |
| Previous Close | USD 81.54 |
| Open | USD 82.35 |
| Day Range | USD 78.11 – 82.78 |
| 52-Week Range | USD 25.62 – 92.46 |
| Volume | 2,424,511 shares |
| Market Cap | $9.39B |
| Exchange | NYQ |
Technical Analysis (PBF)
Nexqual's technical model rates PBF "BUY" based on 4 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:15 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 46.95 (neutral) |
| vs SMA50 | Above (USD 77.05) |
| MACD | 1.99 (positive) |
Analyst Ratings (PBF)
Wall Street analysts rate PBF "Hold" based on 14 analysts, with a mean price target of USD 84 (range USD 55–113), per Nexqual as of October 23, 2026 at 09:15 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 14 |
| Mean Target | USD 84 |
| High Target | USD 113 |
| Low Target | USD 55 |
| Buy / Hold / Sell | 1 / 9 / 4 |
Earnings (PBF)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 11.02 |
| Revenue Estimate | $10.78B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 6.22 vs est 4.12 ▲ beat |
| 2026-03-31 | USD -0.88 vs est -0.9 ▲ beat |
| 2025-12-31 | USD 0.49 vs est -0.11 ▲ beat |
| 2025-09-30 | USD -0.52 vs est -0.75 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Financials & Fundamentals (PBF)
| Total Revenue | $34.37B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +56.20% |
| Gross Margin | +5.04% |
| Operating Margin | +8.80% |
| Profit Margin | +3.94% |
| ROE | +23.23% |
| Debt / Equity | 0.38 |
| Current Ratio | 1.33 |
| Total Cash | $894.10M |
| Total Debt | $2.52B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $742.80M (2.2% of revenue) |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Financial Health Score (PBF)
Nexqual rates PBF Energy Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:15 UTC.
| Growth | Critical — Revenue -11% YoY (annual), sharp decline |
|---|---|
| Profitability | Weak — Gross margin 5% (last 12 months) |
| Balance Sheet | Solid — $894M cash and investments vs $1.75B debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $743M (last 4 quarters to Jun 2026, SEC), slim 2.2% margin |
| Efficiency | Strong — ROE 23%, ROA 3.1% |
Ownership (PBF)
| Insider Ownership | +13.56% |
|---|---|
| Institutional Ownership | +90.90% |
| Shares Outstanding | 118.54M |
| Float | 102.49M |
| Short % of Float | +13.16% |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Leadership (PBF)
PBF Energy Inc. is led by Matthew C. Lucey, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:15 UTC.
| President, CEO & Director | Matthew C. Lucey |
|---|---|
| Senior VP & CFO | Joseph Marino |
| Senior Vice President of Supply, Trading & Optimization | Timothy Paul Davis |
| Vice President of Investor Relations | Colin Murray |
| Senior Vice President of Human Resources | Tai Ho |
Major Backers & Investors (PBF)
Notable institutional backers of PBF Energy Inc. include Goldman Sachs, Two Sigma Investments, LP, AQR Capital Management, LLC, according to Nexqual as of October 23, 2026 at 09:15 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Goldman Sachs | 5.17% |
| Two Sigma Investments, LP | 3.98% |
| AQR Capital Management, LLC | 3.08% |
| T. Rowe Price | 2.38% |
| Arrowstreet Capital, Limited Partnership | 2.33% |
| Fidelity | 1.24% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.23% |
| Vanguard Group | 8.05% |
| State Street | 4.65% |
| Dimensional Fund Advisors | 4.33% |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
From PBF Energy Inc.'s Latest SEC 10-K Filing (filed 2026-02-12)
Key Strengths & Strategy (as disclosed to the SEC)
- We are one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States.
Partnerships
- We have an agreement with Sunoco whereby Sunoco purchases gasoline and distillate products representing approximately one-third of the Toledo refinery's gasoline and distillates production.
Legal & Regulatory Risks (Item 1A, quoted)
- We may incur significant liability under, or costs and capital expenditures to comply with, regulatory, environmental and health and safety regulations, which are complex and change frequently.
- Regulation of emissions of GHGs could force us to incur increased capital expenditures and operating costs and could have a material adverse effect on our results of operations and financial condition.
- Environmental clean-up and remediation costs of our sites and environmental litigation, including related to climate change, could decrease our net cash flow, reduce our results of operations and impair our financial condition.
- Our transportation modes, including pipelines, are subject to federal and/or state regulations, which could reduce profitability and the amount of cash we generate.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| UGP | Ultrapar Participacoes S.A. (Ne | USD 7.8 | ▼ 2.13% |
| CVI | CVR Energy Inc. | USD 58.63 | ▼ 3.46% |
| DK | Delek US Holdings, Inc. | USD 75.79 | ▼ 3.11% |
| IEP | Icahn Enterprises L.P. - Deposi | USD 6.13 | ▼ 0.33% |
| DINO | HF Sinclair Corporation | USD 122.32 | ▼ 2.59% |
| PARR | Par Pacific Holdings, Inc. Comm | USD 80.18 | ▼ 5.34% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:15 UTC. This page is informational and not investment advice.
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