PBF

MKT CAP:$5B

PBF Energy Inc.

Market Cap

$5B

Energy·Oil & Gas Refining & Marketing·🇺🇸 United States·NYSE

Energy·Oil & Gas Refining & Marketing·🇺🇸·NYSE

Stock Price

$40.46+$11.93 (+41.82%)

Apr 22, 2026

Company Details

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, je...

CEO

Matthew C. Lucey

IPO Date

Dec 13, 2012

Website

www.pbfenergy.com

Key Metrics TTM

Revenue

$37.3B

+79.6% YoY

Net Income

$779M

EPS (Diluted)

$6.01

Free Cash Flow

$868M

Revenue / Share

$315.96

Gross Margin

4.1%

Operating Margin

3.0%

Net Margin

2.1%

FCF Margin

2.3%

P/S

0.1x

P/E

6.2x

Earnings Reports

Q3 2024

Apr 30, 2026

PENDING

Q2 2024

Aug 1, 2024

$8.7BEPS -$0.56

Q1 2024

May 2, 2024

$8.6B-7.0%EPS $0.86

FY 2023

Feb 15, 2024

$38.3BEPS $16.52

Q4 2023

Feb 15, 2024

$9.1BEPS -$0.40

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 16	$4.7B	$399M	$140M
Q3 18	$7.6B	$312M	$286M
Q4 18	$6.3B	-$358M	-$446M
Q1 20	$5.3B	-$1.3B	-$1.4B
Q2 20	$2.5B	$198M	$621M
Q4 20	$3.7B	-$181M	-$328M
Q1 23	$9.3B	$576M	$532M
Q3 23	$10.7B	$1.2B	$1.1B
Q4 23	$9.1B	$84M	-$47M
Q1 24	$8.6B	$218M	$145M
Q2 24	$8.7B	$6M	-$75M

Valuation

Quarter	P/S	P/E
Q4 16	—	—
Q3 18	—	—
Q4 18	—	—
Q1 20	0.2x	—
Q2 20	0.2x	—
Q4 20	0.3x	—
Q1 23	0.2x	—
Q3 23	0.2x	3.8x
Q4 23	0.1x	5.8x
Q1 24	0.1x	3.9x
Q2 24	0.1x	6.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 16	$264M	$160M
Q3 18	$412M	$336M
Q4 18	$118M	-$8M
Q1 20	-$236M	-$301M
Q2 20	-$393M	-$448M
Q4 20	$161M	$123M
Q1 23	$438M	$198M
Q3 23	$527M	$396M
Q4 23	$306M	$224M
Q1 24	$16M	-$124M
Q2 24	$425M	$372M

Capital Expenditures

Quarter	CapEx
Q4 16	$104M
Q3 18	$76M
Q4 18	$125M
Q1 20	$65M
Q2 20	$55M
Q4 20	$38M
Q1 23	$240M
Q3 23	$131M
Q4 23	$82M
Q1 24	$140M
Q2 24	$54M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 20	-47.0%	-58.9%
Q4 20	-52.2%	-45.9%
Q1 23	+47.7%	+30.0%
Q3 23	+103.4%	+45.3%
Q4 23	+263.3%	+384.7%
Q1 24	+136.5%	+113.4%
Q2 24	-6.0%	+0.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 16	$6M	0.1%
Q3 18	$6M	0.1%
Q4 18	$7M	0.1%
Q1 20	$10M	0.2%
Q2 20	$9M	0.4%
Q4 20	$5M	0.1%
Q1 23	$9M	0.1%
Q3 23	$9M	0.1%
Q4 23	$24M	0.3%
Q1 24	$12M	0.1%
Q2 24	$9M	0.1%

OpEx Breakdown

Quarter	G&A
Q4 16	$41M
Q3 18	$70M
Q4 18	$86M
Q1 20	$83M
Q2 20	$58M
Q4 20	$62M
Q1 23	$60M
Q3 23	$93M
Q4 23	$105M
Q1 24	$63M
Q2 24	$65M

Revenue Segments

Quarter	PBF Logistics LP	Refining Group	Intersegment Eliminations	Logistics Group
Q4 16	$62M	$4.7B	—	—
Q4 18	$80M	$6.3B	-$69M	—
Q2 20	$89M	$2.5B	-$73M	—
Q4 20	—	$3.6B	—	$89M
Q1 23	$99M	$9.3B	—	—
Q3 23	$95M	$10.7B	—	—
Q4 23	—	$9.1B	—	—
Q1 24	$96M	$8.6B	—	—
Q2 24	$99M	$8.7B	—	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.4B	$0	$1.4B
Q2 22	$2.2B	$0	$2.2B
Q3 22	$1.9B	$0	$1.9B
Q4 22	$2.2B	$0	$2.2B
Q1 23	$1.6B	$0	$1.6B
Q2 23	$1.5B	$0	$1.5B
Q3 23	$1.9B	$0	$1.9B
Q4 23	$1.8B	$0	$1.8B
Q1 24	$1.4B	$0	$1.4B
Q2 24	$1.4B	$0	$1.4B
Q3 24	$977M	$0	$977M
Q4 24	$536M	$0	$536M
Q1 25	$469M	$0	$469M
Q2 25	$591M	$0	$591M
Q3 25	$482M	$0	$482M
Q4 25	$528M	$0	$528M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 16	105M	—	—
Q3 18	120M	+14.9%	—
Q4 18	119M	-1.1%	—
Q1 20	119M	+0.3%	—
Q2 20	121M	+1.7%	+15.9%
Q4 20	121M	-0.6%	+0.3%
Q1 23	134M	+11.4%	+13.0%
Q3 23	130M	-3.6%	+8.6%
Q4 23	122M	-6.0%	+0.4%
Q1 24	125M	+2.3%	+3.2%
Q2 24	118M	-5.4%	-12.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 16	$2M	3K
Q3 18	$2M	3K
Q4 18	$2M	3K
Q1 20	$2M	3K
Q2 20	$730.9K	3K
Q4 20	$980.2K	4K
Q1 23	$3M	4K
Q3 23	$3M	4K
Q4 23	$2M	4K
Q1 24	$2M	4K
Q2 24	$2M	4K

Revenue / Employee