PBF Energy (NYSE:PBF) Releases Earnings Results, Beats Expectations By $0.64 EPS

PBF Energy (NYSE:PBF) announced its earnings results on Thursday. The oil and gas company reported $0.49 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.64, FiscalAI reports. The business had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.17 billion. PBF Energy had a negative return on equity of 15.88% and a negative net margin of 1.78%.PBF Energy’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($2.82) earnings per share.

Here are the key takeaways from PBF Energy’s conference call:

• Martinez restart: Construction is finishing this weekend and the refinery will be turned over to operations for a safe, methodical restart, with management expecting the plant to be fully operational in early March, restoring supply to a tight California product market.
• Q4 results: Excluding special items, PBF reported adjusted EPS of $0.49 and adjusted EBITDA of $258M, with sequential improvement driven by widening crude differentials and relatively strong product cracks.
• RBI cost savings: The company achieved $230M of annualized run-rate savings in 2025 and identified another $120M for a total $350M target by year-end, with centralized procurement alone expected to save over $35M and these savings embedded in the 2026 budget.
• Insurance proceeds totaled a $394M gain in Q4 and $894M in 2025 net of deductibles, but payments remain largely unallocated and the timing/amount of any additional business-interruption recoveries and final claim allocation are still uncertain.
• Balance sheet and capital priorities: Q4 ended with $528M cash, ~ $1.6B net debt (28% of capital) and ~$2.3B liquidity; the board approved a $0.275 quarterly dividend and management says debt reduction will be a priority as cash flow strengthens.

PBF Energy Stock Up 0.9%

Shares of PBF stock traded up $0.29 on Friday, hitting $33.96. The company’s stock had a trading volume of 647,630 shares, compared to its average volume of 3,529,958. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of -7.34, a P/E/G ratio of 6.32 and a beta of 0.50. PBF Energy has a fifty-two week low of $13.61 and a fifty-two week high of $41.47. The firm’s fifty day moving average price is $30.74 and its 200-day moving average price is $30.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.38 and a quick ratio of 0.59.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, February 25th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.2%. PBF Energy’s dividend payout ratio (DPR) is currently -23.66%.

Analysts Set New Price Targets

A number of analysts have commented on PBF shares. Wall Street Zen raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “sell (d)” rating on shares of PBF Energy in a research report on Monday, December 29th. The Goldman Sachs Group lifted their price target on PBF Energy from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Citigroup upped their price target on PBF Energy from $29.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, UBS Group raised their price objective on PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $30.21.

PBF Energy News Summary

Here are the key news stories impacting PBF Energy this week:

• Positive Sentiment: Q4 beat and operating improvement — PBF reported EPS of $0.49 vs. consensus of roughly a ($0.15) loss and announced fourth‑quarter income from operations of $128.0M (ex‑items), signaling a rebound in refining margins and operating leverage. Read More.
• Positive Sentiment: Dividend reinstated — the company declared a $0.275 quarterly dividend (3.3% yield), with record and payment dates announced, which supports income-oriented holders and signals management confidence in near‑term cash flow. Read More.
• Positive Sentiment: Operational catalysts — management highlighted the Martinez refinery restart and related inventory/RBI gains on the earnings call, which should improve utilization and margins if execution continues on schedule. Read More.
• Neutral Sentiment: Full earnings disclosure and call transcript are available for detail review — useful for investors who want guidance, margin drivers and segment detail before positioning. Read More.
• Negative Sentiment: Substantial insider selling — major shareholder Control Empresarial De Capital has been selling large blocks of PBF shares over multiple days (including a recent 228,500‑share sale), which could signal liquidity needs or tax/portfolio rebalancing and may pressure sentiment. Read More.
• Negative Sentiment: Mixed fundamentals & cautious guidance — revenue slightly missed estimates ($7.14B vs. $7.17B), the company still reports negative net margin and ROE on a full‑year basis, and street forecasts keep FY EPS negative — all factors that limit upgrades and keep some analysts cautious. Read More.

Insider Buying and Selling at PBF Energy

In other news, insider Control Empresarial De Capital sold 1,400 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $34.50, for a total transaction of $48,300.00. Following the completion of the sale, the insider owned 28,893,198 shares in the company, valued at approximately $996,815,331. This represents a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 1,932,879 shares of company stock valued at $66,687,810 over the last ninety days. 5.30% of the stock is owned by insiders.

Institutional Investors Weigh In On PBF Energy

Several hedge funds and other institutional investors have recently made changes to their positions in PBF. Los Angeles Capital Management LLC acquired a new position in shares of PBF Energy during the 4th quarter worth about $31,000. Acadian Asset Management LLC increased its position in PBF Energy by 261.0% in the 1st quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company’s stock worth $62,000 after buying an additional 2,354 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of PBF Energy by 204.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,733 shares of the oil and gas company’s stock worth $81,000 after buying an additional 2,507 shares during the last quarter. Quarry LP lifted its holdings in shares of PBF Energy by 4,868.4% during the third quarter. Quarry LP now owns 2,832 shares of the oil and gas company’s stock worth $85,000 after buying an additional 2,775 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of PBF Energy in the third quarter valued at approximately $92,000. 96.29% of the stock is owned by institutional investors and hedge funds.

PBF Energy Company Profile

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.