PBF Energy (PBF) AI Stock Analysis

• Market Cap: $3.80B
• Dividend Yield: 4.14%
• Average Volume (3M): 2.90M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• Revenue Growth: -15.35%
• EPS Growth: -81.94%
• Country: US
• Employees: 3,855
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): -0.52
• Shares Outstanding: 115,847,490
• 10 Day Avg. Volume: 3,666,249
• 30 Day Avg. Volume: 2,898,814
• PEG Ratio: 0.05
• Price to Book (P/B): 0.56
• Price to Sales (P/S): 0.09
• P/FCF Ratio: -8.88
• Enterprise Value/Market Cap: 1.63
• Enterprise Value/Revenue: 0.21
• Enterprise Value/Gross Profit: -8.26
• Enterprise Value/Ebitda: 39.84
• 1Y Price Target: $32.22
• Price Target Upside: -1.73% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 9
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: $32.00 ▼(-2.41% Downside)

The score is held back primarily by weak profitability and negative operating/free cash flow. Technicals are mixed rather than decisively bullish, while valuation support comes mainly from the dividend yield (the negative P/E reflects losses). The earnings call adds modest upside due to execution progress on cost savings and the Martinez restart, but near-term operational and market challenges remain.

Positive Factors

Diversified refining scale and regional throughput

PBF's multi-region throughput guidance reflects a diversified asset base across East Coast, Mid‑Continent and Gulf Coast markets. That scale and geographic footprint support stable, structurally diversified product flows and customer access, lowering region-specific demand and logistics risk.

Sustained cost-savings program

A $230M run-rate Refining Business Improvement program materially reduces unit operating costs and sustaining capex. These structural efficiency gains can sustainably lift margins and cash generation once fully realized, improving resilience to cyclical refining margins.

Insurance recoveries bolster liquidity

Large insurance receipts materially improve near‑term liquidity and de‑risk financing of Martinez rebuild and interruption losses. Strengthened cash buffers reduce refinancing pressure and provide headroom to execute capex and efficiency plans while assets are restored.

Negative Factors

Negative profitability and declining revenues

Sustained negative margins and falling top line indicate structural profitability challenges. Continued losses limit retained earnings and investment capacity, depress ROE and constrain the firm's ability to rebuild balance sheet strength absent sustained margin recovery or structural cost cuts.

Weak operating and free cash flow generation

Persistent negative operating and free cash flows erode internal funding for capex, dividends and debt reduction, increasing reliance on insurance proceeds or external financing. This undermines durable financial flexibility and raises execution risk for strategic investments.

Operational reliability and renewable diesel execution risks

Unplanned refinery outages and underperforming renewable diesel assets reflect persistent execution risk. Reduced throughput and missed renewable targets both lower long‑term margin potential and hamper diversification into higher‑value product streams, weakening strategic growth prospects.

PBF Energy Business Overview & Revenue Model

Company Description

PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products. The company sells its products in Northeast, Midwest, Gulf Coast, and West Coast of the United States, as well as in other regions of the United States, Canada, and Mexico. It also offers various rail, truck, and marine terminaling services, as well as pipeline transportation and storage services. As of December 31, 2021, the company owned and operated six oil refineries and related assets. PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey.

How the Company Makes Money

PBF Energy generates revenue primarily through the refining and sale of petroleum products. The company purchases crude oil and other feedstocks, which it processes into a variety of refined products. Key revenue streams include the sale of gasoline, diesel, jet fuel, and other petrochemicals to wholesalers, retailers, and industrial customers. Additionally, PBF earns income from logistics services related to the transportation and storage of refined products. The company benefits from strategic partnerships with suppliers and customers that enhance its operational capabilities and market reach. Economic factors such as crude oil prices, refining margins, and regulatory changes in the energy sector also significantly impact PBF's earnings.

PBF Energy Financial Statement Overview

Summary

Financial performance is weak: the income statement shows negative profitability (negative gross/net/EBIT margins) and deteriorating revenue trends, while cash flow is pressured with negative operating and free cash flow in the TTM period. The balance sheet is comparatively steadier with manageable leverage, but negative ROE reflects recent losses.

Income Statement

PBF Energy's income statement reveals a challenging financial position with negative margins across gross profit, net income, and EBIT for the TTM period. The company has experienced a decline in revenue growth, with a significant drop in total revenue compared to previous years. The negative EBIT and net profit margins indicate operational inefficiencies and profitability challenges. However, historical data shows periods of profitability, suggesting potential for recovery if market conditions improve.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio, indicating a manageable level of leverage. However, the return on equity is negative, reflecting recent losses and reduced shareholder value. The equity ratio is stable, suggesting a solid asset base. Despite current challenges, the company has maintained a reasonable balance between debt and equity, which could support future financial stability.

Cash Flow

Cash flow analysis highlights significant challenges, with negative operating and free cash flows in the TTM period. The free cash flow growth rate is negative, indicating cash flow deterioration. The operating cash flow to net income ratio is also negative, reflecting cash flow issues. Historical data shows fluctuations in cash flow performance, suggesting potential volatility in cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	29.54B	33.12B	38.32B	46.83B	27.25B	15.12B
Gross Profit	-747.50M	-372.20M	2.40B	4.68B	887.20M	-1.63B
EBITDA	154.90M	-2.40M	3.62B	4.36B	1.13B	-491.90M
Net Income	-526.20M	-533.80M	2.14B	2.88B	231.00M	-1.39B
Balance Sheet
Total Assets	13.04B	12.70B	14.39B	13.55B	11.64B	10.50B
Cash, Cash Equivalents and Short-Term Investments	482.00M	536.10M	1.78B	2.20B	1.34B	1.61B
Total Debt	3.16B	2.31B	2.04B	2.64B	5.01B	5.58B
Total Liabilities	7.68B	7.02B	7.76B	8.49B	9.11B	8.30B
Stockholders Equity	5.23B	5.54B	6.49B	4.93B	1.93B	1.64B
Cash Flow
Free Cash Flow	-1.29B	-347.50M	678.90M	4.14B	228.20M	-827.80M
Operating Cash Flow	-774.30M	43.40M	1.34B	4.77B	477.30M	-631.60M
Investing Cash Flow	-695.90M	-1.04B	-338.60M	-1.01B	-388.50M	-1.03B
Financing Cash Flow	975.50M	-250.70M	-1.42B	-2.90B	-356.80M	2.45B

PBF Energy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 32.79
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PBF, the sentiment is Positive. The current price of 32.79 is above the 20-day moving average (MA) of 28.11, above the 50-day MA of 32.40, and above the 200-day MA of 25.55, indicating a bullish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 61.60 is Neutral, neither overbought nor oversold. The STOCH value of 89.97 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PBF.

PBF Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UGP	80 Outperform	$4.33B	8.18	18.26%	8.03%	-3.51%	3.75%
DINO	68 Neutral	$9.25B	24.20	4.07%	4.26%	-9.55%	27.65%
PARR	67 Neutral	$1.87B	7.76	17.81%	―	-10.11%	-7.00%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
CVI	56 Neutral	$2.31B	13.46	21.78%	10.50%	-7.21%	135.72%
PBF	49 Neutral	$3.80B	-7.03	-9.47%	4.14%	-15.35%	-81.94%
DK	49 Neutral	$1.84B	-3.61	-115.95%	3.42%	-22.37%	-27.22%

PBF Energy Corporate Events

PBF Energy Approves Executive Incentive Awards

On October 21, 2025, PBF Energy‘s Board of Directors approved long-term incentive awards for its named executive officers, to be granted on October 28, 2025, under the company’s 2025 Equity Incentive Plan. These awards include restricted shares, performance share units, and performance units, with vesting scheduled for December 31, 2028, based on the company’s performance relative to its peers. This move aims to align executive compensation with company performance, potentially impacting stakeholder interests by incentivizing management to achieve higher total shareholder returns.

The most recent analyst rating on (PBF) stock is a Hold with a $28.00 price target. To see the full list of analyst forecasts on PBF Energy stock, see the PBF Stock Forecast page.