PBF Energy Inc. PBF

Energy SIC 2911 - Petroleum Refining NAICS Manufacturing › Petroleum and Coal Products Manufacturing › Petroleum Refineries derived 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 76.17 2026-10-23
Market cap $9.02B estimated share count
52-week range 25.62 - 92.46

Valuation FY2025 figures against the last close

P/S0.3x
P/E—
P/FCF—
EV/EBITDA33.5x
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.) 114.9M117.1M130.5M126.9M122.6M120.7M121.9M118.8M113.9M103.6M

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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -20B 0 20B 40B 60B Revenue, FY2016: 15.9B Gross profit, FY2016: 683M Net income, FY2016: 170.8M Revenue, FY2017: 21.8B Gross profit, FY2017: 960.6M Net income, FY2017: 415.6M Revenue, FY2018: 27.2B Gross profit, FY2018: 602.6M Net income, FY2018: 128.3M Revenue, FY2019: 24.5B Gross profit, FY2019: 913.1M Net income, FY2019: 319.4M Revenue, FY2020: 15.1B Gross profit, FY2020: -1.6B Net income, FY2020: -1.4B Revenue, FY2021: 27.3B Gross profit, FY2021: 887.2M Net income, FY2021: 231M Revenue, FY2022: 46.8B Gross profit, FY2022: 4.7B Net income, FY2022: 2.9B Revenue, FY2023: 38.3B Gross profit, FY2023: 2.4B Net income, FY2023: 2.1B Revenue, FY2024: 33.1B Gross profit, FY2024: -372.2M Net income, FY2024: -533.8M Revenue, FY2025: 29.3B Gross profit, FY2025: -571M Net income, FY2025: -158.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $15.92B $21.79B $27.19B $24.51B $15.12B $27.25B $46.83B $38.32B $33.12B $29.33B
Gross profit $683.0M $960.6M $602.6M $913.1M -$1.63B $887.2M $4.68B $2.40B -$372.2M -$571.0M
Net income $170.8M $415.6M $128.3M $319.4M -$1.39B $231.0M $2.88B $2.14B -$533.8M -$158.5M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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