PBF Energy Reports $299.6 Million Q1 Income Amid Refinery Restart
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2026
0mins
Source: Newsfilter
- Significant Revenue Growth: PBF Energy reported Q1 2026 income from operations of $299.6 million, a stark contrast to a $511.2 million loss in Q1 2025, indicating strong performance amid market recovery, which is likely to boost investor confidence.
- Net Profit Reversal: The company posted a net income of $200.2 million for Q1, translating to $1.65 per share, a substantial improvement from a net loss of $405.9 million and $(3.53) per share in Q1 2025, reflecting a recovery in profitability.
- Martinez Refinery Restart Progress: The restart of the Martinez refinery is progressing well, with full operational capacity expected by early May, which will help meet market demand and enhance the company's production efficiency and competitive position.
- Dividend Declaration: PBF Energy announced a quarterly dividend of $0.275 per share to be paid on May 29, 2026, demonstrating a commitment to shareholder returns following a return to profitability, further strengthening market confidence in its financial health.
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Analyst Views on PBF
Wall Street analysts forecast PBF stock price to fall
8 Analyst Rating
2 Buy
4 Hold
2 Sell
Hold
Current: 42.290
Low
23.00
Averages
33.63
High
42.00
Current: 42.290
Low
23.00
Averages
33.63
High
42.00
About PBF
PBF Energy Inc. is an independent refiner in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. The Company operates as a refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products. It operates through two segments: Refining and Logistics. The Refining segment includes the operations of its oil refineries and related facilities in Delaware City, Delaware, Paulsboro, New Jersey, Toledo, Ohio, Chalmette, Louisiana, Torrance, California and Martinez, California. The Logistics segment includes the operations of PBF Logistics LP, an indirect wholly owned subsidiary of PBF Energy and PBF LLC, which owns or leases, operates, develops, and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities, and similar logistics assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PBF Energy to Release Q2 2026 Earnings on July 30
- Earnings Release Announcement: PBF Energy has announced that it will release its Q2 2026 earnings on July 30, 2026, and will host a conference call at 8:30 AM ET on the same day to discuss financial results and other business matters, aiming to enhance transparency and investor confidence.
- Access to Conference Call: The conference call will be webcast on PBF Energy's website, and investors can also participate by dialing (800) 549-8228 or (646) 564-2877, ensuring broad participation and effective information dissemination.
- Audio Replay Availability: An audio replay of the call will be available approximately two hours after its conclusion on the company's website, providing access to those unable to attend live, thereby enhancing information accessibility and transparency.
- Company Overview: PBF Energy is one of the largest independent refiners in North America, operating multiple refineries and committed to safe, reliable, and environmentally responsible operations, emphasizing a safe workplace for employees and superior returns for investors, showcasing its leadership in the industry.
See More
PBF Energy to Release Q2 2026 Earnings on July 30
- Earnings Release Announcement: PBF Energy has announced that it will release its Q2 2026 earnings on July 30, 2026, which is expected to provide critical financial data and business updates, aiding investors in assessing the company's performance and future direction.
- Conference Call Details: The company will host a conference call and webcast on the same day at 8:30 a.m. ET, allowing investors to participate by dialing (800) 549-8228 or (646) 564-2877, enhancing engagement with stakeholders.
- Replay Availability: An audio replay of the call will be available approximately two hours after its conclusion on PBF Energy's website, ensuring that investors who cannot attend live can still access the latest company updates and insights.
- Company Background: PBF Energy is one of the largest independent refiners in North America, committed to safe, reliable, and environmentally responsible operations, and is also a 50% partner in the St. Bernard Renewables joint venture, highlighting its focus on future energy transitions.
See More
PBF Energy to Participate in Bank of America Energy Conference
- Management Participation: PBF Energy announced that its management team will participate in the Bank of America Energy and Power Credit Conference on June 3, 2026, showcasing the company's leadership in the energy sector and enhancing investor communication.
- Investor Materials Release: The company will make presentation materials available on its website's Investor Relations section, ensuring that investors can access key information promptly, thereby enhancing transparency and trust.
- Company Overview: PBF Energy is one of the largest independent refiners in North America, operating multiple refineries and committed to safe, reliable, and environmentally responsible operations, aiming to provide superior returns to its investors.
- Sustainable Fuel Partnership: PBF Energy is also a 50% partner in the St. Bernard Renewables joint venture focused on the production of next-generation sustainable fuels, demonstrating the company's strategic positioning in the renewable energy sector.
See More
PBF Energy to Participate in Bank of America Energy Conference
- Management Participation: PBF Energy Inc. announced that its management team will participate in the Bank of America Energy and Power Credit Conference on June 3, 2026, showcasing the company's strategic direction and growth potential in the energy sector.
- Investor Relations Materials: The company will make presentation materials available on its website's Investor Relations section, aiming to enhance communication and transparency with investors, thereby improving market awareness of the company.
- Company Background: PBF Energy is one of the largest independent refiners in North America, operating multiple refineries and committed to safe, reliable, and environmentally responsible operations, reflecting the company's dedication to sustainability.
- Renewable Energy Partnership: PBF Energy is also a 50% partner in the St. Bernard Renewables joint venture focused on producing next-generation sustainable fuels, indicating the company's strategic positioning in the green energy sector.
See More
PBF Energy Announces $500 Million Senior Notes Offering
- Offering Size: PBF Energy, through its indirect subsidiary PBF Holding Company LLC, has priced a $500 million offering of 7.25% senior notes due 2034, expected to close on May 28, which will provide crucial funding for the company.
- Clear Use of Proceeds: PBF Holding intends to use the net proceeds from this offering, along with available cash, to fully redeem its outstanding 6.00% senior notes due 2028, aiming to reduce future interest burdens and optimize its capital structure.
- Redemption Notice Issued: PBF Holding and PBF Finance have issued a conditional optional full redemption notice for all $801.6 million of outstanding principal amount of the 2028 notes at 100% of principal value plus accrued interest, reflecting the company's proactive approach to debt management.
- Financing Conditions Set: The redemption is contingent upon completing one or more debt financings with aggregate gross proceeds of at least $500 million, indicating the company's cautious strategy in capital operations to ensure liquidity and financial stability.
See More
PBF Energy Prices $500 Million Senior Notes Offering
- Offering Size: PBF Energy's indirect subsidiary, PBF Holding, has priced $500 million in 7.25% senior notes, expected to close on May 28, 2026, which will strengthen the company's capital structure and provide funding for future growth.
- Redemption Plan: PBF Holding intends to use the net proceeds and available cash to fully redeem its outstanding 6.00% senior notes due 2028, totaling $801.6 million, which will reduce the company's debt burden and optimize financial costs.
- Private Placement Method: The notes will be offered in a private placement to qualified institutional buyers under Rule 144A and Regulation S of the Securities Act, demonstrating the company's flexibility in capital markets and appeal to qualified investors.
- Future Outlook: PBF Energy noted that the successful execution of the redemption plan is contingent upon completing debt financings with gross proceeds of at least $500 million, reflecting the company's cautious approach to market conditions and emphasis on future financing strategies.
See More
PBF Energy to Release Q2 2026 Earnings on July 30
- Earnings Release Announcement: PBF Energy has announced that it will release its Q2 2026 earnings on July 30, 2026, and will host a conference call at 8:30 AM ET on the same day to discuss financial results and other business matters, aiming to enhance transparency and investor confidence.
- Access to Conference Call: The conference call will be webcast on PBF Energy's website, and investors can also participate by dialing (800) 549-8228 or (646) 564-2877, ensuring broad participation and effective information dissemination.
- Audio Replay Availability: An audio replay of the call will be available approximately two hours after its conclusion on the company's website, providing access to those unable to attend live, thereby enhancing information accessibility and transparency.
- Company Overview: PBF Energy is one of the largest independent refiners in North America, operating multiple refineries and committed to safe, reliable, and environmentally responsible operations, emphasizing a safe workplace for employees and superior returns for investors, showcasing its leadership in the industry.
See More
PBF Energy to Release Q2 2026 Earnings on July 30
- Earnings Release Announcement: PBF Energy has announced that it will release its Q2 2026 earnings on July 30, 2026, which is expected to provide critical financial data and business updates, aiding investors in assessing the company's performance and future direction.
- Conference Call Details: The company will host a conference call and webcast on the same day at 8:30 a.m. ET, allowing investors to participate by dialing (800) 549-8228 or (646) 564-2877, enhancing engagement with stakeholders.
- Replay Availability: An audio replay of the call will be available approximately two hours after its conclusion on PBF Energy's website, ensuring that investors who cannot attend live can still access the latest company updates and insights.
- Company Background: PBF Energy is one of the largest independent refiners in North America, committed to safe, reliable, and environmentally responsible operations, and is also a 50% partner in the St. Bernard Renewables joint venture, highlighting its focus on future energy transitions.
See More
PBF Energy to Participate in Bank of America Energy Conference
- Management Participation: PBF Energy announced that its management team will participate in the Bank of America Energy and Power Credit Conference on June 3, 2026, showcasing the company's leadership in the energy sector and enhancing investor communication.
- Investor Materials Release: The company will make presentation materials available on its website's Investor Relations section, ensuring that investors can access key information promptly, thereby enhancing transparency and trust.
- Company Overview: PBF Energy is one of the largest independent refiners in North America, operating multiple refineries and committed to safe, reliable, and environmentally responsible operations, aiming to provide superior returns to its investors.
- Sustainable Fuel Partnership: PBF Energy is also a 50% partner in the St. Bernard Renewables joint venture focused on the production of next-generation sustainable fuels, demonstrating the company's strategic positioning in the renewable energy sector.
See More
PBF Energy to Participate in Bank of America Energy Conference
- Management Participation: PBF Energy Inc. announced that its management team will participate in the Bank of America Energy and Power Credit Conference on June 3, 2026, showcasing the company's strategic direction and growth potential in the energy sector.
- Investor Relations Materials: The company will make presentation materials available on its website's Investor Relations section, aiming to enhance communication and transparency with investors, thereby improving market awareness of the company.
- Company Background: PBF Energy is one of the largest independent refiners in North America, operating multiple refineries and committed to safe, reliable, and environmentally responsible operations, reflecting the company's dedication to sustainability.
- Renewable Energy Partnership: PBF Energy is also a 50% partner in the St. Bernard Renewables joint venture focused on producing next-generation sustainable fuels, indicating the company's strategic positioning in the green energy sector.
See More
PBF Energy Announces $500 Million Senior Notes Offering
- Offering Size: PBF Energy, through its indirect subsidiary PBF Holding Company LLC, has priced a $500 million offering of 7.25% senior notes due 2034, expected to close on May 28, which will provide crucial funding for the company.
- Clear Use of Proceeds: PBF Holding intends to use the net proceeds from this offering, along with available cash, to fully redeem its outstanding 6.00% senior notes due 2028, aiming to reduce future interest burdens and optimize its capital structure.
- Redemption Notice Issued: PBF Holding and PBF Finance have issued a conditional optional full redemption notice for all $801.6 million of outstanding principal amount of the 2028 notes at 100% of principal value plus accrued interest, reflecting the company's proactive approach to debt management.
- Financing Conditions Set: The redemption is contingent upon completing one or more debt financings with aggregate gross proceeds of at least $500 million, indicating the company's cautious strategy in capital operations to ensure liquidity and financial stability.
See More
PBF Energy Prices $500 Million Senior Notes Offering
- Offering Size: PBF Energy's indirect subsidiary, PBF Holding, has priced $500 million in 7.25% senior notes, expected to close on May 28, 2026, which will strengthen the company's capital structure and provide funding for future growth.
- Redemption Plan: PBF Holding intends to use the net proceeds and available cash to fully redeem its outstanding 6.00% senior notes due 2028, totaling $801.6 million, which will reduce the company's debt burden and optimize financial costs.
- Private Placement Method: The notes will be offered in a private placement to qualified institutional buyers under Rule 144A and Regulation S of the Securities Act, demonstrating the company's flexibility in capital markets and appeal to qualified investors.
- Future Outlook: PBF Energy noted that the successful execution of the redemption plan is contingent upon completing debt financings with gross proceeds of at least $500 million, reflecting the company's cautious approach to market conditions and emphasis on future financing strategies.
See More
