NYSE$PBF

PBF Energy Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

PBF reported Q4 2025, revenue of $7.14B, net income of $79.1M, diluted EPS of $0.66.

For Q4 2025, PBF reported revenue of $7.14B, net income of $79.1M, diluted EPS was $0.66. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Revenue $7.14B.
  • Net income $79.1M.
  • Diluted EPS $0.66.

Headline financials

Total Revenue

$7.14B

Previous: $7.35B-2.9%
EPS (adj)

$0.66

Previous: -$2.82+123.4%
Total Production (bpd)

897.3K

Previous: 871.1K+3.0%
Crude Oil and Feedstocks Throughput (bpd)

888.9K

Previous: 862.0K+3.1%
Consolidated Gross Margin

-$132.00

Previous: -$308.50+57.2%
Gross Refining Margin

$594.60

Previous: $418.60+42.0%
Refinery Operating Expense per barrel of throughput

$7.87

Previous: $7.94-0.9%
Renewable Diesel Production (bpd)

16.7K

No prior period
Effective RIN Basket Price

$6.11

Previous: $4.05+50.9%
Natural Gas Price (MMBTU)

$4.04

Previous: $2.98+35.6%
Total Debt

$2.15K

Previous: $1.46K+47.4%
Total Equity

$5.45K

Previous: $5.68K-4.0%
Total Debt to Capitalization Ratio

28.0%

Previous: 20.0%+40.0%
Net Debt to Capitalization Ratio

23.0%

Previous: 14.0%+64.3%
Net Income

$79.1M

Previous: -$289M+127.3%
Operating Income

$128.00

Previous: -$383M+100.0%

Revenue & EPS history

PBF Energy · Revenue · Quarterly

$7.14B

Q4 2025-2.9%vs Q4 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

PBF Energy · $10.9B total across 2 segments · Q4 2022

  • Refining
    $10.8B+31.6%
  • Logistics
    $96.9M+8.5%

Forward guidance

The release discusses PBF's outlook for upcoming periods, including capital allocation, operating priorities, and market risks.

Tailwinds

  • PBF cites operational execution and demand trends supporting the outlook.
  • Balance sheet and capital actions aim to fund growth and shareholder returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
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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