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PBF Energy

Refines crude oil into gasoline, diesel and jet fuel

Overview

PBF Energy is an independent petroleum refiner that turns crude oil into gasoline, diesel, jet fuel, heating oil, asphalt, lubricants and petrochemical feedstocks for US fuel markets. Its refineries in Delaware, New Jersey, Ohio, Louisiana and California are built to process heavy, high-sulfur crude as well as lighter grades. The company buys crude from domestic and foreign producers and moves crude and finished fuels by rail, ship, barge and pipeline through its own logistics assets. It earns money on the gap between crude costs and the prices it gets selling refined products to wholesalers, retailers and other buyers. PBF Energy was founded in 2008 and is headquartered in Parsippany, New Jersey.

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About PBF Energy

Simplify's Rating
Why PBF Energy is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Industrial & ManufacturingEnergy

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Parsippany-Troy Hills, New Jersey

Founded

2008

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Simplify's Take

What believers are saying

  • Profits rebounded sharply: PBF earned $915 million, or $7.54 per share, in the quarter ending June 2026.
  • Job security improved as debt fell: PBF cut net debt by over $1.4 billion between April and June 2026.
  • Scale gives careers range: PBF runs six refineries, from Chalmette, Louisiana, to Toledo, Ohio, and Paulsboro, New Jersey.

What critics are saying

  • Expect continued cost cutting: PBF targets $350 million in yearly savings by December 2026, up from $230 million.
  • Delaware regulators keep penalizing PBF: the state fined Delaware City $960,000 in July 2026 over spring repair emissions.
  • PBF lacks a retail cushion: it mainly sells unbranded fuel, unlike Phillips 66 with its branded station network.

What makes PBF Energy unique

  • PBF has a renewable diesel arm: it owns half of St. Bernard Renewables, a Louisiana plant run with Italy's Eni.
  • PBF's plants handle tough crude: a 12.8 average complexity score lets them refine cheaper heavy, high-sulfur oil.
  • PBF is heavily tied to California: two of its six refineries, Martinez and Torrance, sit in the state.

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Funding

Total Funding

$1.3B

Above

Industry Average

Funded Over

4 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Health Insurance

Stock Price

Company News

Yahoo Finance
Oct 18th, 2026
Three US refiners to watch as fuel costs lift margins: Marathon Petroleum, HF Sinclair, PBF

Higher fuel costs are pushing up airfares, delivery fees, and trucking prices, and putting US refiners in focus. Simply Wall St highlights three that stand to gain when refining margins hold firm. HF Sinclair has about $31.2 billion in annual revenue, $27.7 billion of it from refining, and a market value of about $22.3 billion. The WTI 3-2-1 crack spread was around $59 per barrel in mid 2026, with several million barrels per day of global refining capacity offline. Marathon Petroleum earns about $144.6 billion from refining and marketing and has a market value near $134.3 billion. It is investing in refineries at Galveston Bay, Garyville, Robinson, and El Paso. PBF Energy has a market value near $10.1 billion and made about $34.4 billion from refining. It recently bought the Torrance hydrogen plants.

DLA Piper
Oct 13th, 2026
DLA Piper advises PBF Energy on acquisition of hydrogen production plants from Air Products.

DLA Piper advises PBF Energy on acquisition of hydrogen production plants from Air Products. DLA Piper's Global Capital Solutions team advised PBF Energy Inc. on its acquisition of two hydrogen production plants from Air Products West Coast Hydrogen LLC. The approximately US$350 million transaction, completed through PBF Energy subsidiary PBF Energy Company LLC, involves facilities located at its Torrance, California refinery. PBF Energy is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The seller-financed transaction returns direct operational control of the hydrogen production facilities to the company, strengthening its control over critical refining infrastructure. "This transaction required a creative, integrated approach to achieve PBF Energy's strategic and financing objectives," said Kfir Abutbul, the DLA Piper partner who led the deal team. "Our Capital Solutions team worked closely with PBF Energy to develop a flexible structure that addressed the complexities of the transaction and positioned the company to regain direct control of critical infrastructure." In addition to Abutbul (New York), the team included Of Counsel Brady Lambeth (Houston) and Associate Lauren Caterfino (New York). DLA Piper's Global Capital Solutions team helps investors and public, sponsor-owned and closely held companies navigate the flow of capital across funds, sponsors, balance sheets, and market cycles. The team advises on a wide range of transactions, including mid-market and large-cap deals, direct lending, hybrid capital, and opportunistic investments. Drawing on interdisciplinary experience in finance, private credit, restructuring, private equity, corporate, and M&A, the team delivers integrated advice across the capital structure to help clients manage risk, optimize returns, and execute complex transactions with confidence. DLA Piper's Energy lawyers represent sponsors, project companies, developers, financial institutions and other investors and participants in the renewable, power, oil and gas, nuclear, energy trading, climate change, and data center markets.

PETRO Online
Aug 13th, 2026
Refinery fires: a cluster of accidents or a maintenance and inspection gap?

Refinery fires: a cluster of accidents or a maintenance and inspection gap? 13 Aug, 2026 International Environmental Technology Trade press logged eleven refinery and fuel-facility incidents across four continents in roughly sixty days between February and April this year, a run that process safety commentators have called unusual. Some social media and lower quality aggregator accounts have inflated that count to over 45 in a similar window and claimed an "1,800 per cent increase" against historical norms; that figure is not independently verifiable and appears to conflate two very different categories of event, so it should be treated with scepticism rather than repeated as fact. Find your next safety solution in its international directory. War damage is not process failure. The distinction matters. A meaningful share of the widely reported 'surge' is war damage. Ukrainian strikes have repeatedly hit Russian refining capacity, including repeated attacks on the Tuapse export terminal and the NORSI refinery, while the closure of the Strait of Hormuz has cut global crude throughput by an estimated six million barrels a day as facilities absorb feedstock disruption. These are geopolitical events with safety implications but they say nothing about the condition of process equipment. The accidental cluster. Set those aside, and a smaller cluster of accidental incidents remains genuinely instructive. Chevron's El Segundo refinery in California suffered an explosion on 19 February; Marathon's Texas City refinery caught fire; Pemex's newly commissioned Olmeca refinery in Tabasco, Mexico, saw five workers killed on 17 March after oily water overflowed the site perimeter and ignited, then suffered a second, contained fire in a petroleum coke warehouse on 9 April; Valero's Port Arthur refinery - one of the largest in the US, processing around 435,000 barrels a day - suffered a major explosion and fire in a diesel hydrotreater on 23 March, with full recovery still incomplete months later; and Viva Energy's Geelong refinery in Australia saw flames reaching 60 metres after an April gas leak ignition. A further incident at PBF Energy's Chalmette refinery in Louisiana in May was attributed to a heater failure in a reformer unit. The case for continuous monitoring. Several of these - Chalmette and Olmeca's second fire in particular - were traced to mechanical or equipment failures rather than external causes. Analysts covering the pattern have pointed to a familiar combination: ageing infrastructure, deferred turnarounds and increasingly complex process configurations, in a market environment with thinner margins and fewer operational backups than during past oil-price shocks. That combination raises a legitimate question for the sector's use of condition monitoring as a genuine leading indicator rather than a compliance exercise run to a fixed inspection calendar. Corrosion-under-insulation surveys and guided-wave ultrasonic testing are designed to catch wall-thickness loss on piping and vessels between scheduled turnarounds. Vibration-based predictive maintenance on rotating equipment such as pumps and compressors can flag bearing and seal degradation weeks before failure. Continuous online process analysers tracking stream composition, catalyst activity and heater performance parameters offer the same early-warning function for process upsets that periodic manual inspection, by design, cannot provide between outages. Where turnaround budgets are being deferred, the case for shifting weight towards this kind of continuous, sensor-based monitoring - rather than relying on inspection intervals alone - becomes correspondingly stronger.

Wolters Kluwer
Aug 11th, 2026
How PBF Energy transformed environmental data management with Enablon.

How PBF Energy transformed environmental data management with Enablon. Key takeaways. * PBF Energy replaced fragmented, spreadsheet-based reporting with Enablon, creating a single source of truth across six refineries in five states. * Centralizing environmental data on Enablon strengthened audit readiness and supported limited assurance for emissions data. * A dedicated cross-functional team was critical to driving adoption and balancing standardization with site-specific needs. At Wolters Kluwer Enablon's recent SPF26 in Houston, the Environmental Data Manager at PBF Energy shared how the company transitioned from fragmented, spreadsheet-based environmental reporting to a centralized system of record. The presentation covered the challenges of managing emissions data at scale, why PBF Energy invested in a centralized system, and how creating a single source of truth strengthened data quality, audit readiness, and sustainability reporting across a complex, multi-site organization. PBF Energy chose Enablon for environmental disclosures and limited assurance. In 2010, PBF Energy started acquiring petroleum refineries throughout the U.S., eventually growing to six refineries in five states with their own systems for managing data, creating a data silo for every acquisition. Understanding environmental performance across the company was extremely difficult, and a centralized way to organize their environmental data was needed. They decided to implement the Enablon Greenhouse Gas Emissions module to create reports for executive management and board members. The Greenhouse Gas Emissions module also handles reporting for the California Climate Disclosure Rule, which applies not just to PBF Energy's refineries in California, but across the entire company. With locations in California, Ohio, Louisiana, Delaware, and New Jersey, PBF Energy chose Enablon to compile its enterprise environmental data on a cloud platform that makes sharing data seamless. In addition to the emissions reporting requirement, PBF Energy was also interested in obtaining limited assurance of their emissions data. The Enablon Audits module offered them a system that can be used by both external and internal auditors. PBF Energy can now easily organize, centralize, and track environmental data for disclosures on the Enablon platform. The benefits of an integrated, cloud-based data management system. The new data management system has gained the support of data managers at each site because PBF Energy devoted an entire department to the process. The department - composed of a director, data manager, an ESG specialist, and three coordinators across the country - coordinate meetings and schedule conversations with different departments and subject matter experts at each facility. This department trains users in Enablon through a train-the-trainer model. The training coordinators have ownership of and know how to use the Enablon system, interacting one-on-one with data users to help them navigate the process. The coordinators also act as an interface between the on-site SME and the contractor building the Enablon solution, taking a critical workload off the user. The coordinators translate the top-level needs of the organization and work with individual sites to build standardized reporting while still considering site-specific needs. A key benefit of coordinators working with the sites is the ability to refine the reporting and calculation process. Sometimes new environmental data managers will use old spreadsheets they've inherited from a previous manager, not knowing if the calculations and factors are still correct or applicable. In transitioning to the Enablon platform, PBF Energy reviewed how data is calculated and verified calculations are correct, which has helped them obtain limited assurance for their greenhouse gas and emissions inventory data. With limited assurance, PBF Energy can confidently and easily show auditors their data methodology and required calculations. Another Enablon platform benefit for PBF Energy is the ability for individual sites to see how other sites manage their emissions data. Previously, with individual spreadsheets managed by one person, creating a quarterly report for upper management was tedious and difficult. Now the report can be generated directly in the Enablon software. PBF Energy's advice for transforming environmental management. PBF Energy's advice to companies before embarking on a transformational environmental management project is to dedicate a person or a team to the project. Because most departments run lean, subject matter experts or environmental managers do not have time for such a large undertaking. PBF Energy recommends that, to get the results you want, devote a team, even a small one, to interact one-on-one with environmental managers and SMEs. Finally, don't underestimate the importance of dashboards, which makes it easier for environmental managers to validate data after it's been submitted. Managers can get metrics, comparison data, and material inputs in the Enablon platform with just the push of a button. Speak with an Enablon representative today to learn how to transform your environmental management and data systems. Enablon Environmental Management. This natively built solution for comprehensive Environmental Management provides visibility into your environmental impact and streamlines processes associated with air, water, and waste data to comply with local environmental regulations. The best-in-class environmental calculation engine is built to address even the most complex calculations, providing deep, granular data on your site-level emissions with automated data collection, validation, and reporting capabilities. Increase your operational efficiency and reduce your environmental impact with Enablon Environmental Management. Content Marketing Writer at Wolters Kluwer Enablon Joy Inouye has been a Content Marketing Writer for Wolters Kluwer Enablon since 2020. Previously, she worked as a researcher for the Campbell Institute at the National Safety Council where she researched environmental, health, and safety (EHS) best practices in a variety of topic areas including leading indicators, serious injury and fatality (SIF) prevention, contractor safety management, and visual literacy for hazard recognition. Explore related topics. Ready to get started? Talk to one of our experts. Check out these resources Related insights.

WTOP
Jul 30th, 2026
PBF Energy: Q2 earnings snapshot.

PBF Energy: Q2 earnings snapshot. July 30, 2026, 6:49 AM PARSIPPANY, N.J. (AP) - PARSIPPANY, N.J. (AP) - PBF Energy Inc. (PBF) on Thursday reported second-quarter net income of $906.4 million. On a per-share basis, the Parsippany, New Jersey-based company said it had profit of $7.54. Earnings, adjusted for non-recurring gains, were $6.22 per share. The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.05 per share. The refiner posted revenue of $11.68 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $8.51 billion. Keep Watching Underground pumping station keeps sewage from Potomac River in Alexandria Underground pumping station keeps sewage from Potomac River in Alexandria This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PBF at https://www.zacks.com/ap/PBF

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