The earnings call reflected a mixed sentiment with both positive market outlook and progress on cost-saving initiatives. However, operational challenges, particularly with the Martinez refinery and the adjusted net loss, presented significant difficulties.

Company Guidance

During the PBF Energy Second Quarter 2025 Earnings Conference Call, the company provided forward-looking guidance indicating several key metrics and projections. PBF Energy highlighted plans to achieve significant cost savings, aiming for $230 million in annualized run rate savings by the end of 2025 and $350 million by 2026, with over $125 million already implemented. They also detailed the progress on the Martinez refinery, which is expected to fully restart by the end of 2025. Additionally, the company reported a second-quarter adjusted net loss of $1.03 per share and adjusted EBITDA of $61.8 million, excluding special items such as a $189 million gain on insurance recoveries and $30.4 million in incremental operational expenses related to the Martinez incident. Cash flow from operations was $191.1 million, with a working capital benefit of approximately $79 million. PBF Energy's liquidity remains robust, with $590.7 million in cash and approximately $2.3 billion in current liquidity. Looking ahead, the company anticipates favorable market conditions, particularly in distillates, and expects light-heavy crude differentials to widen, benefiting the refining margins.

Refining Business Improvement (RBI) Program Progress

The RBI program is on track to exceed the stated targets of $230 million in annualized run rate savings by the end of 2025 and $350 million by the end of 2026, with over $125 million of run rate savings already implemented.

Strong Market Outlook

Global distillate supply/demand balances remain in deficit, and the company expects light-heavy spreads to widen, providing favorable conditions for refining margins.

Insurance Recovery for Martinez Fire

The company received an initial unallocated insurance payment of $250 million related to the Martinez fire, which is expected to cover the economic impacts of the incident.

Cash and Liquidity Position

PBF ended the quarter with approximately $590.7 million in cash and $2.3 billion in liquidity, with an expected $70 million tax refund and proceeds from terminal sales to bolster liquidity further.

PBF Energy (PBF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PBF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	-0.60 / -	-1.5	―	―	―
Jul 31, 2025	2025 (Q2)	-1.26 / -1.03	-0.54	-90.74% (-0.49)	―
May 01, 2025	2025 (Q1)	-3.30 / -3.09	0.85	-463.53% (-3.94)	―
Feb 13, 2025	2024 (Q4)	-2.81 / -2.82	-0.41	-587.80% (-2.41)	―
Oct 31, 2024	2024 (Q3)	-1.41 / -1.50	6.61	-122.69% (-8.11)	―
Aug 01, 2024	2024 (Q2)	-0.16 / -0.54	2.29	-123.58% (-2.83)	―
May 02, 2024	2024 (Q1)	0.69 / 0.85	2.76	-69.20% (-1.91)	―
Feb 15, 2024	2023 (Q4)	0.20 / -0.41	4.41	-109.30% (-4.82)	―
Nov 02, 2023	2023 (Q3)	4.85 / 6.61	7.96	-16.96% (-1.35)	―
Aug 03, 2023	2023 (Q2)	2.19 / 2.29	10.58	-78.36% (-8.29)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PBF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$24.34	$22.33	-8.26%
May 01, 2025	$16.77	$16.26	-3.04%
Feb 13, 2025	$25.65	$22.37	-12.79%
Oct 31, 2024	$27.54	$27.24	-1.09%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does PBF Energy (PBF) report earnings?

PBF Energy (PBF) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is PBF Energy (PBF) earnings time?

PBF Energy (PBF) earnings time is at Oct 23, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PBF EPS forecast?

PBF EPS forecast for the fiscal quarter 2025 (Q3) is -0.6.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing