PBF Energy (PBF) AI Stock Analysis

• Market Cap: $3.25B
• Dividend Yield: 3.73%
• Average Volume (3M): 3.21M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.19
• Revenue Growth: -18.73%
• EPS Growth: -236.79%
• Country: US
• Employees: 3,855
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): -1.03
• Shares Outstanding: 115,698,630
• 10 Day Avg. Volume: 2,205,365
• 30 Day Avg. Volume: 3,212,205
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.61
• Enterprise Value/Revenue: 0.17
• Enterprise Value/Gross Profit: -4.86
• Enterprise Value/Ebitda: -10.16
• 1Y Price Target: $26.82
• Price Target Upside: -9.02% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 11

• Rating: 50 Neutral
• Price Target: $28.00 ▼(-5.02% Downside)

PBF Energy's overall stock score reflects significant financial and operational challenges. The most impactful factors are the negative financial performance and valuation concerns, driven by profitability and cash flow issues. While the earnings call provided some positive outlooks, the technical analysis and valuation suggest caution.

Positive Factors

Cost-Saving Initiatives

PBF's cost-saving initiatives are expected to significantly improve operational efficiency and profitability, enhancing long-term financial stability.

Strong Market Outlook

A favorable market outlook for distillates suggests potential for improved refining margins, benefiting PBF's revenue and profitability over the medium term.

Asset Sale

The sale of terminal assets strengthens PBF's liquidity position, providing additional financial flexibility to manage operations and invest in growth opportunities.

Negative Factors

Profitability Challenges

Persistent profitability challenges, as indicated by negative margins, may hinder PBF's ability to generate sustainable profits and limit reinvestment capacity.

Cash Flow Issues

Cash flow difficulties reflect challenges in converting earnings into cash, potentially impacting PBF's ability to fund operations and strategic initiatives.

Martinez Refinery Delays

Delays in restarting the Martinez refinery could disrupt production and revenue generation, affecting PBF's operational efficiency and financial performance.

PBF Energy Business Overview & Revenue Model

Company Description

PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products. The company sells its products in Northeast, Midwest, Gulf Coast, and West Coast of the United States, as well as in other regions of the United States, Canada, and Mexico. It also offers various rail, truck, and marine terminaling services, as well as pipeline transportation and storage services. As of December 31, 2021, the company owned and operated six oil refineries and related assets. PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey.

How the Company Makes Money

PBF Energy generates revenue primarily through the refining and marketing of petroleum products. The company's key revenue streams include the sale of refined products such as gasoline, diesel, jet fuel, and other specialty products, which are sold to wholesalers, retailers, and commercial customers. Additionally, PBF earns income from its logistics operations, which support the transportation and storage of crude oil and refined products. The company's financial performance is influenced by factors such as refining margins, crude oil prices, and demand for transportation fuels. Strategic partnerships with suppliers and customers also play a role in enhancing operational efficiencies and optimizing revenue generation.

PBF Energy Financial Statement Overview

Summary

PBF Energy faces significant financial challenges, particularly in profitability and cash flow. The income statement shows negative profit margins and declining revenue, while the cash flow statement reflects liquidity issues. The balance sheet indicates some stability but hints at financial stress due to recent losses.

Income Statement

PBF Energy's TTM (Trailing-Twelve-Months) income statement shows challenges in profitability with a negative gross profit margin of -3.2% and a net profit margin of -3.3%. Revenue has declined by 4.8% compared to the previous year, indicating a downward trend. The EBIT margin is also negative at -4.3%, suggesting operational inefficiencies. EBITDA margin is negative at -2.6%, further highlighting profitability concerns.

Balance Sheet

The balance sheet shows a moderate financial position with a debt-to-equity ratio of 0.60, indicating a balanced leverage. Return on equity (ROE) is negative at -20.4%, reflecting recent losses. The equity ratio stands at 39.3%, showing a reasonable level of equity financing. Overall, the balance sheet indicates stability but hints at financial stress due to recent losses.

Cash Flow

Cash flow analysis reveals significant challenges, with a negative free cash flow growth rate and an operating cash flow to net income ratio of 0.61, indicating cash flow issues. The free cash flow to net income ratio is -0.85, highlighting challenges in converting profit to cash. Overall, the cash flow statement reflects liquidity issues and cash management difficulties.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	30.28B	33.12B	38.32B	46.83B	27.25B	15.12B
Gross Profit	-1.07B	-372.20M	2.40B	4.68B	887.20M	―
EBITDA	-514.50M	-17.60M	3.52B	4.31B	1.11B	-510.00M
Net Income	-982.20M	-533.80M	2.14B	2.88B	231.00M	-1.39B
Balance Sheet
Total Assets	12.98B	12.70B	14.39B	13.55B	11.64B	10.50B
Cash, Cash Equivalents and Short-Term Investments	590.70M	536.10M	1.78B	2.20B	1.34B	1.61B
Total Debt	3.20B	2.31B	2.04B	2.64B	5.01B	5.58B
Total Liabilities	7.76B	7.02B	7.76B	8.49B	9.11B	8.30B
Stockholders Equity	5.09B	5.54B	6.49B	4.93B	1.93B	1.64B
Cash Flow
Free Cash Flow	-1.18B	-347.50M	678.90M	4.14B	228.20M	-827.80M
Operating Cash Flow	-867.70M	43.40M	1.34B	4.77B	477.30M	-631.60M
Investing Cash Flow	-795.20M	-1.04B	-338.60M	-1.01B	-388.50M	-1.03B
Financing Cash Flow	805.90M	-250.70M	-1.42B	-2.90B	-356.80M	2.45B

PBF Energy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 29.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PBF, the sentiment is Positive. The current price of 29.48 is below the 20-day moving average (MA) of 29.84, above the 50-day MA of 28.28, and above the 200-day MA of 23.42, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 51.53 is Neutral, neither overbought nor oversold. The STOCH value of 51.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PBF.

PBF Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UGP	71 Outperform	$4.23B	8.33	18.65%	3.57%	-6.18%	-9.87%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
DINO	65 Neutral	$9.85B	―	-0.93%	3.78%	-14.58%	-107.50%
CVI	56 Neutral	$3.51B	―	-50.65%	7.61%	-15.98%	-160.88%
PARR	52 Neutral	$1.79B	―	-1.59%	―	-13.09%	-103.24%
PBF	50 Neutral	$3.25B	―	-17.30%	3.73%	-18.73%	-236.79%
DK	50 Neutral	$2.03B	―	-200.75%	2.87%	-29.94%	-723.41%

PBF Energy Corporate Events

PBF Energy Announces CFO Retirement and New Appointments

On August 18, 2025, PBF Energy announced the retirement of Karen B. Davis as the Chief Financial Officer and Chief Accounting Officer, effective September 30, 2025. Joseph Marino will be promoted to Chief Financial Officer, and Steven Andriola will become Chief Accounting Officer, effective October 1, 2025. Additionally, Ms. Davis will be re-appointed to the Board of Directors. This transition is expected to support the company’s financial initiatives and maintain stability in its leadership team.

The most recent analyst rating on (PBF) stock is a Hold with a $23.00 price target. To see the full list of analyst forecasts on PBF Energy stock, see the PBF Stock Forecast page.

PBF Energy’s Earnings Call: Progress Amid Challenges

PBF Energy’s recent earnings call conveyed a balanced sentiment, highlighting significant progress in the Martinez refinery rebuild and strong business improvement initiatives. Despite these advancements, the company faced financial challenges with an adjusted net loss and difficulties related to crude differentials. However, the outlook remains optimistic with promising future prospects.

PBF Energy Reports Q2 2025 Results and Strategic Moves

PBF Energy Inc. is a leading independent refiner in North America, operating refineries and related facilities across several states, with a focus on safe, reliable, and environmentally responsible operations. In its second quarter of 2025, PBF Energy reported an income from operations of $43 million, a significant improvement from the previous year’s loss. Despite a net loss of $5.4 million, the company declared a quarterly dividend of $0.275 per share. Key highlights include the partial restoration of operations at the Martinez refinery and a strategic sale of terminal assets for $175 million. The company also received substantial insurance recoveries related to a fire incident at the Martinez refinery, which contributed to the financial results. Looking ahead, PBF Energy remains focused on improving its financial position through debt reduction and operational efficiency initiatives, with an optimistic outlook on global supply and demand balances.