PBF Energy Q3 revenue beats expectations, declares dividend

PBF Energy

30/10/2025 10:48

Overview

PBF Energy Q3 revenue beats analyst expectations, adjusted net income also exceeds estimates

Company declared quarterly dividend of $0.275 per share

PBF Energy completed sale of terminal assets for $175.4 mln

Outlook

PBF expects to generate over $230 mln of annualized savings by year-end 2025

Company forecasts full-year capital expenditures of $750 to $775 mln

PBF anticipates fourth-quarter throughput of 860,000 to 910,000 barrels per day

Result Drivers

INSURANCE RECOVERIES - Gains from insurance recoveries related to the Martinez Refinery Fire significantly boosted net income

TERMINAL ASSET SALE - Sale of terminal assets for $175.4 mln contributed to financial results

PRODUCT CRACKS - Refineries benefited from seasonally higher product cracks, supporting operational performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$7.65 bln
$7.47 bln (9 Analysts)
Q3 Adjusted Net Income
Beat
-$60.30 mln
-$91.23 mln (9 Analysts)
Q3 Net Income
$171.70 mln
Q3 Dividend
$0.27
Q3 Operating Income
$285.90 mln
Q3 Pretax Profit
$236 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and 6 "sell" or "strong sell"

The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."

Wall Street's median 12-month price target for PBF Energy Inc is $26.00, about 31.2% below its October 29 closing price of $34.11

Press Release: ID:nPn3cBld3a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)