PBF Energy (PBF)
NYSE:PBF
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.98Last Year’s EPS
-1.03Same Quarter Last Year
Based on 12 Analysts Ratings
Earnings Call Summary
Q1 2026
Earnings Call Date:Apr 30, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
Balanced. The call highlighted several operational and financial positives: the near-complete restart of Martinez, achievement of $230 million in RBI savings with a path to $350 million, $1.0 billion of insurance recoveries to date, renewable diesel production (~16.7k bpd) and solid liquidity with a plan to delever. Offsetting these strengths were a Q1 adjusted net loss of $0.88/sh, modest adjusted EBITDA ($68.7M), large derivative mark-to-market losses (> $200M, ~ $100M unrealized), a $313M LCM inventory charge, substantial working capital draw (~$340M) and lingering restart-related costs and uncertainties. Given the roughly balanced list of material positives and negatives, sentiment is neutral.Company Guidance
Martinez Restart Progress
Martinez refinery rebuild completed in February; cat feed hydrotreater and alkylation unit are up and running and the FCC expected to be producing finished products within days (management indicated 'this weekend'). The bulk of rebuild capital spending is behind the company.
Refining Business Improvement (RBI) Program Delivered
Achieved 2025 target of $230 million annualized run-rate savings (includes ~ $160 million of OpEx reductions vs. 2024). Management is on track toward the $350 million target by year-end 2026 and expects quarter-to-quarter increases in savings.
Insurance Recoveries and Claim Progress
Received a $106.5 million insurance payment in Q1 (fourth interim payment), bringing total insurance recoveries to approximately $1.0 billion net of deductibles (includes amounts received in 2025). Management expects additional interim payments as the claim progresses.
Renewable Diesel Production and SBR Contribution
FCR (St. Bernard Renewables) produced an average of ~16,700 barrels per day of renewable diesel in Q1; reported a roughly $8 million EBITDA benefit (excluding LTM impacts) from PBF's equity investment, and management described SBR outlook as the strongest since operations began.
Liquidity and Balance Sheet Metrics
Ended Q1 with $542 million cash, ~ $2.3 billion net debt, net debt-to-capital of 36%, and total liquidity of ~ $2.4 billion (cash + borrowing capacity under ABL at current commodity prices). Management emphasized a near-term priority to accelerate deleveraging.
Torrance Turnaround Completed
Torrance completed its turnaround early in Q1 and now has a 'clean runway' for the remainder of 2026, supporting higher runs as markets remain tight.
Favorable Macro Backdrop for U.S. Coastal Complex
Management highlighted materially tighter global refining/product balances after the disruption in the Straits of Hormuz (approx. 15 million bpd crude and 5 million bpd products initially affected; ~80% of crude through the straits was destined for Asia), positioning PBF's coastal complexity to capture outsized margins as product markets restock.
PBF Earnings History
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 |
|---|---|---|---|
Apr 30, 2026 | $43.13 | $43.36 | +0.53% |
Feb 12, 2026 | $35.49 | $33.41 | -5.87% |
Oct 30, 2025 | $33.59 | $34.05 | +1.35% |
Jul 31, 2025 | $23.97 | $21.99 | -8.24% |
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 Jul 30, 2026, Before Open (Confirmed).
What is PBF Energy (PBF) earnings time?
PBF Energy (PBF) earnings time is at Jul 30, 2026, 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 2026 (Q2) is 2.98.