PBF
EnergyPBF Energy Inc. · Oil & Gas Refining & Marketing · $5B
What is PBF Energy Inc.?
PBF Energy Inc. is an independent petroleum refiner headquartered in Parsippany, New Jersey. The company converts crude oil into a wide range of fuel and chemical products, distributing them across the United States and into Canada and Mexico.
PBF Energy operates through two segments — Refining and Logistics. The Refining segment runs six oil refineries that produce gasoline, diesel, jet fuel, heating oil, lubricants, asphalt, and petrochemical feedstocks. The Logistics segment provides rail, truck, and marine terminaling services alongside pipeline transportation and storage. Revenue is driven primarily by the spread between crude oil input costs and refined product selling prices, commonly called the crack spread, making profitability highly sensitive to commodity market conditions.
PBF Energy was founded in 2012 and is based in Parsippany, New Jersey.
- Gasoline and ultra-low-sulfur diesel production
- Jet fuel and heating oil refining
- Lubricants, asphalt, and petrochemical feedstocks
- Pipeline, rail, and marine terminaling services
- Blending components and transportation fuel supply
Is PBF a Good Stock to Buy?
UQS Score rates PBF Energy as Poor overall, placing it among the lower-ranked names in the Energy sector.
The Valuation pillar stands out as the relative bright spot in PBF's profile, rated Good — suggesting the market may already be pricing in the company's structural challenges. The Growth pillar registers as Neutral, reflecting a business that is neither contracting sharply nor expanding meaningfully at this stage.
Quality, Moat, and Risk all carry Weak ratings, pointing to thin competitive differentiation, cyclical earnings vulnerability, and balance sheet pressures that are common — but pronounced — in commodity refining.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does PBF pay dividends?
Yes — PBF Energy Inc. pays a dividend.
PBF Energy pays a regular dividend, which is notable for an independent refiner operating in a cyclical commodity business. Dividend sustainability in refining tends to track crack spread cycles closely, so income-focused investors should weigh the payout against the company's Weak Risk pillar rating. The dividend may appeal to yield-oriented investors who are comfortable with energy-sector volatility.
When does PBF report earnings?
PBF Energy reports earnings on a quarterly cadence, typical for US-listed equities.
Refining margins are the primary driver of quarterly results, and PBF's performance tends to swing materially with crude differentials and regional fuel demand. Investors should expect meaningful quarter-to-quarter variability given the commodity-driven business model.
For the most recent quarter's results and guidance, visit PBF Energy's investor relations page directly.
PBF Price History
+179.5% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in PBF Energy Inc.?
Based on PBF Energy Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
PBF Long-term Outlook
PBF's Growth pillar is rated Neutral, suggesting the near-term fundamental trajectory is neither clearly expansionary nor deteriorating. However, the Weak Risk rating signals that downside scenarios — driven by margin compression or crude cost spikes — remain a real concern. The Good Valuation rating implies limited additional downside may be priced in, but a durable re-rating would likely require improvement in Quality or Moat fundamentals, which are currently both Weak.
Growth drivers
- Potential recovery in refining crack spreads as fuel demand stabilizes
- Logistics segment providing modest fee-based revenue diversification
- Geographic diversification across Northeast, Midwest, Gulf Coast, and West Coast markets
Key risks
- Highly cyclical crack spread environment compressing margins unpredictably
- Weak Moat rating leaves PBF exposed to commodity price-taking dynamics
- Weak Risk pillar reflects balance sheet and earnings volatility concerns
PBF vs Peers
PBF Energy operates in a competitive refining and energy products landscape alongside several peers with distinct business profiles.
Valvoline focuses on branded automotive lubricants and quick-lube services, giving it a more consumer-facing, recurring-revenue model compared to PBF's commodity refining operations.
Cosan is a Brazilian conglomerate with diversified energy and logistics assets, offering broader geographic and business-line exposure than PBF's US-centric refining focus.
CVR Energy combines petroleum refining with nitrogen fertilizer production, providing some revenue diversification that PBF's pure-play refining model does not replicate.
Frequently Asked Questions
What does PBF Energy do?
PBF Energy is an independent petroleum refiner that converts crude oil into gasoline, diesel, jet fuel, heating oil, lubricants, asphalt, and petrochemical products. It operates six refineries across the United States and also provides pipeline, rail, and marine logistics services through its Logistics segment.
Does PBF pay dividends?
Yes, PBF Energy pays a regular dividend. However, dividend sustainability in refining is closely tied to crack spread cycles and commodity market conditions. Investors should review the company's current payout and financial position on its investor relations page before making income-focused decisions.
When does PBF report earnings?
PBF Energy reports earnings on a quarterly cadence, consistent with US-listed public companies. For the exact schedule and most recent results, check PBF Energy's investor relations page, as specific dates are subject to change.
Is PBF a good stock to buy?
UQS Score rates PBF as Poor overall. While the Valuation pillar is rated Good, the Quality, Moat, and Risk pillars are all Weak — reflecting the structural challenges of commodity refining. Investors should review the full pillar breakdown available to UQS Pro members before drawing conclusions.
Is PBF overvalued?
PBF's Valuation pillar is rated Good by UQS Score, suggesting the stock is not considered expensive relative to its fundamentals at current levels. That said, a favorable valuation alone does not offset the Weak ratings across Quality, Moat, and Risk pillars.
How does PBF compare to its competitors?
Compared to peers like CVR Energy, Valvoline, and Cosan, PBF is a more concentrated pure-play refiner. Competitors offer varying degrees of business diversification — from branded lubricants to fertilizer production — that can reduce commodity cycle exposure in ways PBF's model does not.
What is PBF's market cap bracket?
PBF Energy is classified as a mid-cap company. This places it in a segment of the market that can offer more liquidity than small-caps while still carrying meaningful volatility, particularly given the cyclical nature of petroleum refining.
Who founded PBF Energy?
PBF Energy was founded in 2012. Founding and leadership history is publicly available through the company's official filings and investor relations materials for those seeking detailed background.
Is PBF a long-term quality investment?
As a long-term quality indicator, UQS Score rates PBF as Poor. The Weak ratings across Quality, Moat, and Risk pillars suggest the business lacks the durable competitive advantages and earnings stability typically associated with high-quality long-term holdings. The full analysis is available to Pro members.
What is PBF Energy's main competitive advantage?
PBF's Moat pillar is rated Weak, indicating limited durable competitive advantages. Its scale across six US refineries and geographic diversification across multiple regions provide some operational breadth, but refining is largely a commodity business where pricing power is constrained by market dynamics.
What sector does PBF belong to?
PBF Energy operates in the Energy sector, specifically within petroleum refining and logistics. The sector is characterized by significant cyclicality tied to crude oil prices, refining margins, and broader fuel demand trends — all of which directly affect PBF's financial performance.
Is PBF a growth stock or value stock?
Based on UQS pillar ratings, PBF does not fit neatly into either category. The Growth pillar is Neutral and the Valuation pillar is Good, suggesting the stock may carry value characteristics at current prices — but without strong growth or quality fundamentals to support a growth-stock classification.
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Pro Analysis
PBF — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 39.1 | 18.9 | 10.0 | 59.5 | 41.7 | 91.5 | +11.4 |
| May 7, 2026 | 27.7 | 0.0 | 10.0 | 51.0 | 26.8 | 73.3 | +0.2 |
| May 3, 2026 | 27.5 | 0.0 | 10.0 | 51.0 | 26.8 | 72.0 | -0.2 |
| Apr 28, 2026 | 27.7 | 0.0 | 10.0 | 51.0 | 26.8 | 73.3 | +0.6 |
| Apr 26, 2026 | 27.1 | 0.0 | 10.0 | 48.5 | 26.8 | 72.7 | -0.1 |
| Apr 23, 2026 | 27.2 | 0.0 | 10.0 | 48.5 | 26.8 | 73.3 | +0.1 |
| Apr 19, 2026 | 27.1 | 0.0 | 10.0 | 48.6 | 26.8 | 72.1 | +0.5 |
| Apr 18, 2026 | 26.6 | 0.0 | 10.0 | 48.6 | 26.8 | 69.2 | -3.8 |
| Apr 14, 2026 | 30.4 | 0.0 | 10.0 | 48.7 | 26.8 | 94.3 | +0.1 |
| Apr 12, 2026 | 30.3 | 0.0 | 10.0 | 48.7 | 26.8 | 93.7 | +1.1 |
PBF — Pillar Breakdown
Quality
— 18.9/100 (25%)PBF Energy Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 59.5/100 (20%)PBF Energy Inc. demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 41.7/100 (15%)PBF Energy Inc. has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 91.6/100 (15%)PBF Energy Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 10/100 (25%)PBF Energy Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for PBF.
Score Composition
Financial Data
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How is the PBF UQS Score Calculated?
The UQS (Unified Quality Score) for PBF Energy Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses PBF Energy Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether PBF Energy Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.