PBF Energy reported second-quarter 2026 earnings and revenue well above consensus expectations, driven by stronger refining margins and higher throughput volumes. The stock has surged 50.46% over the past month and delivered a very large five-year total shareholder return. The most followed narrative values the company at $49.62 per share, suggesting the stock is 45.7% overvalued relative to its last close of $72.28. However, PBF trades at a price-to-earnings ratio of 6.3 times, compared with a peer average of 13.2 times and an estimated fair ratio of 9.7 times, indicating potential upside if business risks ease. Key risks include reliability questions at the Martinez refinery and exposure to changing fuel demand.
PBF Energy IncPBF Energy beat Q2 estimates on stronger margins and throughput, driving earnings and revenue above consensus.