Headquartered in Parsippany, NJ Fiscal year ends December NYSE: PBF pbfenergy.com
PBF Energy Inc. is an independent petroleum refiner. Through its subsidiaries it operates six oil refineries and related facilities in two reportable segments.
The Refining segment covers:
- Delaware City, Delaware, and Paulsboro, New Jersey (East Coast)
- Toledo, Ohio (Mid-Continent)
- Chalmette, Louisiana (Gulf Coast)
- Torrance and Martinez, California (West Coast)
The refineries process a mix of heavy, medium and light crudes into gasoline, distillates, lubes, chemicals and other products. Third-quarter 2026 throughput averaged about 924 thousand bpd.
The Logistics segment consists of PBF Logistics LP (PBFX), a wholly-owned subsidiary. PBFX owns and operates rail and truck terminals, unloading racks, storage facilities and pipelines, mostly located at or near PBF's refineries. It provides fee-based terminaling, pipeline and storage services, primarily to PBF and also to some third parties.
PBF is also a 50% partner in St. Bernard Renewables, a renewable diesel joint venture in Louisiana. The company is pursuing a Refinery Business Improvement program to lower costs and improve reliability, and it has been reducing leverage after the Martinez refinery returned to full operations in May 2026 following a fire. Updated
Gross refining margin excluding special items reached $34.56 per barrel, driving a sixth straight quarter of beating expectations. Management paired it with an 18% dividend increase.
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PBF Energy Inc. is an independent petroleum refiner. Through its subsidiaries it operates six oil refineries and related facilities in two reportable segments.
24/7 Wall St.'s 12-month price target for PBF is $67.05, rated Hold. The Wall Street consensus target is $84.14. PBF price prediction →
