Q2 FY2026 EarningsQ2 FY26 results significantly beat consensus across top and bottom lines, with revenue of $11.68B exceeding the $9.81B forecast and adjusted EPS of $6.22 far surpassing the $4.12 mean estimate. The performance was driven by the successful full restart of the Martinez refinery in May and a strong refining margin environment, evidenced by a $23.40 gross refining margin per barrel. Management demonstrated aggressive balance sheet optimization, reducing gross debt by over $1B, while lowering FY26 Capex guidance to $825M-$875M due to strategic maintenance deferrals.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: PBF Energy(PBF) the Revenue is 11.68 B (+56.23%), Beat estimate;the EBIT is 1.054 B (+1058%), Beat estimate;the EPS is 7.54 (+152 times%), Beat estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueExceed expectations
11.68B56.23%
9.81B31.23%
+1.87B25.00%
EBITExceed expectations
1.05B1058.18%
0.63B669.55%
+0.43B388.63%
EPSExceed expectations
7.5415180.00%
3.9457990.00%
+3.59507,190.00%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf