NYSE$PBF
PBF Energy Inc · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
PBF Energy Inc reported a net loss for the second quarter of 2025 amid lower refining margins and the Martinez refinery fire impact.
PBF Energy posted revenues of $7.5 billion and a net loss of $5.4 million for Q2 2025. The quarter was impacted by unfavorable crack spreads, crude differentials, and operational disruptions from the February fire at the Martinez refinery, partially offset by insurance recoveries. Throughput averaged 839,100 barrels per day across the refining system.
- Net loss of $5.4 million compared to $66.0 million loss in Q2 2024, with revenues declining 13.8% to $7.5 billion due to lower commodity prices.
- Gross refining margin was $640.1 million ($8.38 per barrel), down from $681.1 million year-over-year amid weaker industry crack spreads.
- Martinez refinery fire led to $189.0 million insurance recovery gain and $30.4 million in related operating expenses during the quarter.
- Refining segment throughput averaged 839,100 bpd with production of 845,800 bpd; logistics segment contributed stable intercompany revenues.
Headline financials
Revenue & EPS history
PBF Energy · Revenue · Quarterly
$7.48B
Revenue by segment
PBF Energy · $7.56B total across 2 segments · Q2 2025
- Refining$7.47B—98.7%
- Logistics$98M—1.3%
Forward guidance
No explicit quantitative guidance provided in the filing.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+1.0%
Avg return
Earnings day
+2.7%
Avg return
5 days after
+6.8%
Avg return
30 days after
58%
31 / 53 earnings
Positive
+17.8%
Q1 2020
Best reaction
-12.8%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | +2.5% | +7.1% | -5.7% | |
| Q4 2025 | -5.9% | -5.1% | +21.6% | |
| Q3 2025 | +0.8% | +3.5% | +1.1% | |
| Q1 2025 | -3.0% | +9.1% | +10.9% | |
| Q4 2024 | -12.8% | -10.1% | -22.1% | |
| Q3 2024 | -2.6% | +0.0% | +9.2% | |
| Q2 2024 | -11.2% | -11.8% | -16.4% | |
| Q1 2024 | -0.6% | -2.2% | -11.2% | |
| Q4 2023 | -7.8% | -11.1% | +8.4% | |
| Q3 2023 | -4.6% | -8.8% | -6.4% | |
| Q2 2023 | -4.6% | -1.6% | +3.6% | |
| Q1 2023 | +4.0% | +12.9% | +18.3% | |
| Q4 2022 | +0.1% | +5.9% | -3.3% | |
| Q3 2022 | +2.2% | +4.0% | +1.9% | |
| Q2 2022 | +7.1% | +7.0% | +17.9% | |
| Q1 2022 | +6.3% | +11.3% | +20.4% | |
| Q4 2021 | -2.3% | -3.8% | +27.5% | |
| Q3 2021 | -0.6% | -0.6% | -16.8% | |
| Q2 2021 | -3.2% | -1.3% | +15.2% | |
| Q1 2021 | -0.8% | +9.9% | +12.9% | |
| Q4 2020 | +10.6% | +21.7% | +92.9% | |
| Q3 2020 | +9.4% | +18.5% | +85.2% | |
| Q2 2020 | +11.9% | +11.4% | +11.6% | |
| Q1 2020 | +17.8% | +20.5% | +27.0% | |
| Q4 2019 | +0.6% | -5.7% | -44.6% | |
| Q3 2019 | +6.3% | +3.7% | -2.6% | |
| Q2 2019 | -12.3% | -16.7% | -15.1% | |
| Q1 2019 | -1.6% | +0.4% | -21.4% | |
| Q4 2018 | -2.9% | -2.4% | -9.8% | |
| Q3 2018 | +6.2% | +5.2% | -4.8% | |
| Q2 2018 | +5.8% | +10.6% | +13.0% | |
| Q1 2018 | +1.6% | +2.3% | +25.6% | |
| Q4 2017 | +1.6% | -2.5% | +6.1% | |
| Q3 2017 | +3.0% | +6.5% | +6.4% | |
| Q2 2017 | +0.3% | -2.8% | +6.3% | |
| Q1 2017 | -2.2% | +2.2% | -8.2% | |
| Q4 2016 | -1.3% | +1.0% | -10.8% | |
| Q3 2016 | +4.1% | +7.9% | +20.4% | |
| Q2 2016 | +2.7% | +10.1% | +1.0% | |
| Q1 2016 | -8.8% | — | — | |
| Q4 2015 | +3.0% | — | — | |
| Q3 2015 | +6.2% | — | — | |
| Q2 2015 | +5.7% | — | — | |
| Q1 2015 | -1.3% | — | — | |
| Q4 2014 | +6.2% | — | — | |
| Q3 2014 | +6.7% | — | — | |
| Q2 2014 | -5.6% | — | — | |
| Q1 2014 | +9.6% | — | — | |
| Q4 2013 | +6.2% | — | — | |
| Q3 2013 | +3.1% | — | — | |
| Q2 2013 | +0.5% | — | — | |
| Q1 2013 | -3.3% | — | — | |
| Q4 2012 | +1.0% | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — |
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