PBF Energy Inc. PBF

Energy SIC 2911 - Petroleum Refining NYSE

We are one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. We sell our products throughout the Northeast, Midwest, Gulf Coast and West Coast of the United States, as well as in other regions of the United States, Canada and Mexico and are able to ship products to other international destinations. We own and operate six domestic oil refineries and related assets and own a 50% interest in the Renewable Diesel Facility through our SBR equity method investment. Our refineries have a combined processing capacity, known as throughput, of approximately 1,000,000 bpd, and a weighted-average Nelson Complexity Index of 12.8 based on current operating conditions. The complexity and throughput capacity of our refineries are subject to change dependent upon configuration changes we make to respond to market conditions, as well as a result of investments made to improve our facilities and maintain compliance with environmental and governmental regulations. We operate in two reportable business segments: Refining and Logistics. Our six oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products, and represent the Refining segment. PBFX operates certain logistical assets such as crude oil and refined products terminals, pipelines, and storage facilities, which represent the Logistics segment.

Last close 74.34 2026-09-04
Market cap $8.80B estimated share count
52-week range 25.62 - 77.94

Valuation FY2025 figures against the last close

P/S0.3x
P/E
P/FCF
EV/EBITDA32.8x
Dividend yield
Diluted EPS-1.39

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $29.33B$33.12B$38.32B$46.83B$27.25B$15.12B$24.51B$27.19B$21.79B$15.92B
Cost of revenue $29.90B$33.49B$35.93B$42.15B$26.37B$16.75B$23.60B$26.58B$20.83B$15.24B
Gross profit -$571.0M-$372.2M$2.40B$4.68B$887.2M-$1.63B$913.1M$602.6M$960.6M$683.0M
SG&A $332.3M$260.4M$362.5M$468.7M$247.3M$248.5M$284.0M$277.0M$214.5M$166.3M
Total operating expenses $29.39B$33.81B$35.37B$42.68B$26.66B$16.53B$23.86B$26.83B$1.68B$1.42B
Operating income -$54.3M-$699.0M$2.95B$4.15B$597.2M-$1.42B$649.0M$358.1M$731.6M$499.5M
Interest expense $181.6M$72.0M$63.8M$246.0M$317.5M$258.2M$159.6M$169.9M
Pre-tax income -$234.6M-$768.6M$2.89B$3.56B$327.6M-$1.33B$479.5M$208.8M$799.0M$363.2M
Income tax $74.1M$228.4M$723.8M$584.8M$12.1M$2.1M$104.3M$33.5M$315.6M$137.7M
Net income -$158.5M-$533.8M$2.14B$2.88B$231.0M-$1.39B$319.4M$128.3M$415.6M$170.8M
EPS, basic -1.39-4.5917.1323.471.92-11.642.661.113.781.74
EPS, diluted -1.39-4.6016.5222.841.90-11.642.641.103.731.74
Shares, diluted (wtd. avg.) $114.9M$117.1M$130.5M$126.9M$122.6M$120.7M$121.9M$118.8M$113.9M$103.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $527.9M$536.1M$1.78B$2.20B$1.34B$1.61B$814.9M$597.3M$573.0M$746.3M
Short-term investments $0$40.0M
Inventory $2.56B$2.60B$3.18B$2.76B$2.51B$1.69B$2.12B$1.87B$2.21B$1.86B
Total current assets $4.45B$4.54B$6.60B$6.55B$5.20B$3.87B$3.82B$3.24B$3.80B$3.41B
Property, plant and equipment $5.52B$5.07B$4.98B$5.36B$4.90B$4.84B$4.02B$3.82B$3.48B$3.33B
Other intangibles $8.1M$8.6M$9.1M$9.6M$10.1M$24.3M$25.6M$537.0K$577.0K
Total assets $13.02B$12.70B$14.39B$13.55B$11.64B$10.50B$9.13B$8.01B$8.12B$7.62B
Accounts payable $801.2M$735.6M$959.0M$854.6M$911.7M$407.0M$601.4M$488.4M$578.6M$535.9M
Total current liabilities $3.67B$3.63B$4.22B$5.20B$3.76B$2.45B$2.51B$2.13B$2.42B$2.06B
Long-term debt $2.15B$1.46B$1.25B$1.43B$4.30B$4.65B$2.06B$1.93B$2.18B$2.11B
Total liabilities $7.57B$7.02B$7.76B$8.49B$9.11B$8.30B$5.55B$4.76B$5.22B$5.05B
Retained earnings $3.15B$3.44B$4.09B$2.06B-$796.1M-$1.03B$401.2M$225.8M$236.8M-$44.9M
Total equity $5.32B$5.54B$6.63B$5.06B$2.53B$2.20B$3.59B$3.25B$2.90B$2.57B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$78.0M$43.4M$1.34B$4.77B$477.3M-$631.6M$933.5M$838.0M$685.7M$651.9M
Depreciation and amortisation $371.6M$358.3M$314.4M$262.0M$221.1M$325.9M$258.1M$378.6M$207.6M$144.0M
Stock-based compensation $39.0M$44.3M$51.5M$54.3M$35.6M$34.2M$37.3M$26.0M$26.8M$22.7M
Capital expenditure $705.2M$390.9M$659.6M$633.3M$249.1M$196.2M$404.9M$317.5M$306.7M$298.7M
Investing cash flow -$480.2M-$1.04B-$338.6M-$1.01B-$388.5M-$1.03B-$712.6M-$685.6M-$687.0M-$1.39B
Financing cash flow $550.0M-$249.3M-$1.42B-$2.90B-$356.8M$2.45B-$3.3M-$128.1M-$172.0M$544.0M
Dividends paid $143.5M$139.0M$131.7M$117.5M
Buybacks $0$329.1M$532.5M$156.4M$0$1.6M$4.9M$8.2M$1.0M$743.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001534504-26-000010.

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