PBF Energy Q4 revenue slightly beats analyst expectations

PBF Energy

12/02/2026 11:38

Overview

U.S. refiner's Q4 revenue slightly beat analyst expectations

Adjusted net income for Q4 beat estimates, showing improvement from last year's losses

Martinez refinery restart on schedule, expected to enhance future operations

Outlook

PBF Energy expects $350 mln in cost improvements by year-end 2026 from RBI program

Company plans extensive maintenance and turnarounds in 2026 across refining system

Renewable diesel production expected to average 16,000-18,000 barrels per day in Q1 2026

Result Drivers

MARTINEZ REFINERY - Restart on schedule, expected to enhance future operations

COST EFFICIENCIES - Pursued efficiencies across the company, improving cost structure

INSURANCE RECOVERIES - Gains from insurance recoveries related to Martinez refinery fire boosted net income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$7.14 bln
$7.10 bln (9 Analysts)
Q4 Adjusted Net Income
Beat
$57.80 mln
-$9.43 mln (10 Analysts)
Q4 Net Income
$79.10 mln
Q4 Dividend
$0.28
Q4 Operating Income
$128 mln
Q4 Pretax Profit
$87.70 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "hold" and 5 "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 $32.00, about 10.5% below its February 11 closing price of $35.77

Press Release: ID:nPn5njYtWa

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(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.)