
• Reported GAAP EPS of $1.69 up 147.88% YoY • Reported revenue of $7.9B up 11.86% YoY • PBF Energy expects its Martinez Refinery to reach full planned rates in early May, with second quarter 2026 total throughput projected between 850,000 and 910,000 barrels per day.
Bullish
PBF Energy achieved a significant financial turnaround with net income, progressed the Martinez Refinery restart, and received substantial insurance recoveries, while its RBI program continues to drive cost improvements.
Bearish
PBF Energy faces persistent market turbulence and operational delays at Martinez refinery, alongside decreased renewable diesel production guidance for the second quarter and costs from the RBI initiative.