| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 93 | 6.9x | 17.8x | Top tier | |
Growth | 50 | 13.5% | 7.1% | Around median | |
Quality | 53 | 18.0% | 4.5% | Around median | |
Safety | 75 | — | 2.6x | Top tier | |
Capital Return | 89 | — | 2.12% | Top tier | |
Momentum | 100 | 151.8% | 2.9% | Top tier | |
Sentiment | 45 | 8 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
PBF Energy operates in oil refining and the marketing of refined products through its assets on the West Coast, East Coast, and in the Midwest of the United States, with an owned logistics system that includes the M70 pipeline in California. Its earnings primarily depend on margins from converting crude oil into gasoline, diesel, and jet fuel, in addition to its stake in SBR for renewable diesel production; SBR contributed net income of $27.5 million and approximately $40 million of earnings before interest, taxes, depreciation, and amortization in fiscal Q2 2026.
In fiscal Q2 2026, PBF Energy recorded revenue of $11.7 billion, gross profit of $1.1 billion, and net income of $906.4 million, with earnings per share of $7.54. These results represent a gross margin of approximately 9.4% and a net income margin of approximately 7.7%, compared with revenue of $7.9 billion and net income of $198.3 million in fiscal Q1 2026.
The results reflected strong refined product markets and tight supply, while adjusted net income was $6.22 per share and adjusted earnings before interest, taxes, depreciation, and amortization were $1.24 billion. The results included a $250 million insurance gain related to the Martinez fire, while SBR produced approximately 15,100 barrels per day of renewable diesel following a catalyst change in April 2026.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $76.67, within a wide range of $65 to $84, while the consensus rating is Neutral; the average is only approximately 1.3% above the 52-week range high of $75.68, while the highest target exceeds that high by approximately 11%. No published price-to-earnings ratio is available in the data despite trailing twelve-month earnings per share of $11.18, so earnings strength should be weighed against the role of the $250 million insurance gain, working capital support, and the cyclicality of refining margins.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
PBF benefited from tight refined product supply and relatively stable demand, while more than 5 million barrels per day of global refining capacity remained offline. Revenue reached $11.7 billion and net income was $906.4 million, with reported earnings per share of $7.54 and adjusted earnings per share of $6.22. The results also included a $250 million insurance gain related to the Martinez fire, so net income alone does not fully reflect recurring operating performance.
The company reduced net debt by more than $1.4 billion and ended the quarter with liquidity of $894 million and net debt of approximately $855 million. The net debt-to-capital ratio fell to 15% after repaying the asset-backed lending facilities and refinancing $802 million of notes due in 2028. As part of the transaction, the company issued $500 million of notes due in 2034, while financing the purchase of the two hydrogen plants at Torrance will add new debt when the transaction closes.
PBF safely restarted the affected units in May 2026, and since then the refinery has returned to producing its full product slate. Cumulative insurance proceeds reached $1.25 billion after deductibles, with the claim remaining open and management expecting an additional payment during the second half of 2026. Maintenance on the hydrocracker begins during fiscal Q3 2026 and ends in October 2026, representing a planned outage after full operations were restored.
California has a structural refining deficit and imports approximately 250,000 barrels per day of gasoline, or nearly one-third of its consumption, in addition to significant volumes of jet fuel. At Torrance, PBF increased domestic crude runs by approximately 25,000 to 30,000 barrels per day. Average flows through its M70 pipeline also increased from approximately 60,000 to nearly 90,000 barrels per day, with additional capacity remaining available on the pipeline.
SBR produced an average of 15,100 barrels per day of renewable diesel during fiscal Q2 2026 following a catalyst change in April 2026. The investment contributed net income of $27.5 million and approximately $40 million of earnings before interest, taxes, depreciation, and amortization. Conversely, management said the renewable fuel program imposes a cost of approximately $14 per barrel on PBF, despite RINs prices declining by between 10% and 15% during the two weeks preceding the July 30, 2026 call.
Maintenance on the Martinez hydrocracker runs from fiscal Q3 2026 through October 2026, while the Paulsboro crude unit outage remains scheduled for late fall 2026. The company moved maintenance on the crude and coker units at Chalmette and the FCC unit at Toledo to 2027 following work and assessments completed during 2026. Because of this change, PBF reduced the midpoint of its fiscal 2026 capital expenditure guidance by approximately $75 million to $850 million.
