PBF Energy delivered adjusted second-quarter earnings of $6.22 per share, reversing a year-ago loss of $1.03 and beating the Zacks Consensus Estimate of $4.05 by 53.6%. Revenues surged 56.2% year over year to $11.68 billion, topping consensus by roughly 37%, and the independent refiner reduced net debt by more than $1.4 billion during the quarter, cutting net debt to capitalization to 15%. PBF lowered its 2026 capital spending guidance to $825–$875 million by shifting the Chalmette and Toledo turnarounds into 2027, and declared a quarterly dividend of $0.275 per share. Over the past 60 days, the consensus estimate for the current quarter has surged 80.95% to $6.84 per share, a change of more than 1,400% from the year-ago figure, earning the stock a Zacks Rank #1 (Strong Buy). PBF Energy operates six refineries across the East Coast, Mid-Continent, Gulf Coast and West Coast and holds a 50% interest in St. Bernard Renewables, a renewable diesel joint venture.
PBF Energy IncPBF Energy posted blowout Q2 earnings of $6.22/share, beat estimates, cut net debt by $1.4B, and declared a dividend.
