PBF Energy Q4 revenue slightly beats analyst expectations

Overview

• U.S. refiner's Q4 revenue slightly beat analyst expectations

• Adjusted net income for Q4 beat estimates, showing improvement from last year's losses

• Martinez refinery restart on schedule, expected to enhance future operations

Outlook

• PBF Energy expects $350 mln in cost improvements by year-end 2026 from RBI program

• Company plans extensive maintenance and turnarounds in 2026 across refining system

• Renewable diesel production expected to average 16,000-18,000 barrels per day in Q1 2026

Result Drivers

• MARTINEZ REFINERY - Restart on schedule, expected to enhance future operations

• COST EFFICIENCIES - Pursued efficiencies across the company, improving cost structure

• INSURANCE RECOVERIES - Gains from insurance recoveries related to Martinez refinery fire boosted net income

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "hold" and 5 "sell" or "strong sell"

• The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."

• Wall Street's median 12-month price target for PBF Energy Inc is $32.00, about 10.5% below its February 11 closing price of $35.77

Press Release: ID:nPn5njYtWa

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