Equity Profile

PBF

PBF Energy Inc.

EnergyOil & Gas Refining & Marketing$8.8B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

PBF Energy Inc. is a company in the energy sector, primarily focused on oil and gas refining and marketing....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$5.64

Revenue

Total revenue reflects the company's ability to sell its refined products and is crucial for assessing growth.

$9.4B

Wall Street expectations, options signals, track record, and call prep available with Pro.

PBF Q2-2026 Earnings Preview

Context

Company Snapshot

PBF Energy Inc. is a company in the energy sector, primarily focused on oil and gas refining and marketing. With a market cap of $9 billion, it plays a significant role in the energy supply chain, particularly as demand for refined products fluctuates with global economic conditions.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+117.02%

Avg Stock Reaction

-4.11%

Last Quarter Recap

In Q1 2026, PBF Energy reported an EPS of $1.65, significantly beating estimates. This strong performance was a notable turnaround from previous quarters.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic ahead of the earnings report, expecting solid EPS and revenue figures. However, there is uncertainty about whether the company can sustain its recent performance.

Bull Case

If PBF can replicate its previous quarter's success, it could signal a strong recovery and lead to increased investor confidence.

Bear Case

Conversely, if the company fails to meet expectations, it could raise concerns about its ability to navigate market volatility and sustain profitability.

Key Metrics to Watch

EPS

$5.64

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$9.4B

Total revenue reflects the company's ability to sell its refined products and is crucial for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will PBF Energy's EPS exceed the consensus estimate of $5.64?

A beat on EPS would reinforce the company's recovery narrative and could lead to a positive market reaction.

What factors contributed to revenue expectations of $9.4 billion?

Understanding the drivers behind revenue will help assess the sustainability of the company's growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent operational improvements that could drive higher margins than anticipated.

Supporting Evidence

PBF's recent EPS surprise of over 300% indicates stronger-than-expected performance.

Options pricing suggests a significant move, which may reflect investor uncertainty about the company's future.

The company's ability to adapt to market changes has not been fully factored into analyst estimates.

Key Risk

If PBF's revenue exceeds $10 billion, it could challenge the current bearish sentiment and shift expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will determine if the recent positive trend can be sustained amid market fluctuations.

Bull Confirmed If

An EPS of $6.00 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $5.00 would confirm the bear case, raising concerns about the company's profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±29.88%

Historical Avg

±4.6%

Pricing rich

The options market is pricing in a significant potential move, indicating that investors anticipate volatility around the earnings announcement.

Options are pricing ±29.9% while PBF has averaged ±4.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

70.2%

Calls (121K)P/C Ratio: 0.25Puts (14K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If PBF beats expectations, history suggests the stock could rise by an average of 4.19%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted reaction as investors await further clarity from management.

Miss

If the company misses estimates, history suggests a potential decline of around 4.04%, which would raise concerns about its future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on refining margins and how they are impacting profitability.
2Management's commentary on market demand for refined products.
3Insights into cost management strategies and their effectiveness.
4Details on any operational challenges faced in the quarter.
5Future guidance on expected performance in the upcoming quarters.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

PBF Energy Inc. is a company in the energy sector, primarily focused on oil and gas refining and marketing....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$5.64

Revenue

Total revenue reflects the company's ability to sell its refined products and is crucial for assessing growth.

$9.4B

Wall Street expectations, options signals, track record, and call prep available with Pro.

PBF Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+117.02%

Avg Stock Reaction

-4.11%

Last Quarter Recap

In Q1 2026, PBF Energy reported an EPS of $1.65, significantly beating estimates. This strong performance was a notable turnaround from previous quarters.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic ahead of the earnings report, expecting solid EPS and revenue figures. However, there is uncertainty about whether the company can sustain its recent performance.

Bull Case

If PBF can replicate its previous quarter's success, it could signal a strong recovery and lead to increased investor confidence.

Bear Case

Conversely, if the company fails to meet expectations, it could raise concerns about its ability to navigate market volatility and sustain profitability.

Key Metrics to Watch

EPS

$5.64

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$9.4B

Total revenue reflects the company's ability to sell its refined products and is crucial for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will PBF Energy's EPS exceed the consensus estimate of $5.64?

A beat on EPS would reinforce the company's recovery narrative and could lead to a positive market reaction.

What factors contributed to revenue expectations of $9.4 billion?

Understanding the drivers behind revenue will help assess the sustainability of the company's growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent operational improvements that could drive higher margins than anticipated.

Supporting Evidence

PBF's recent EPS surprise of over 300% indicates stronger-than-expected performance.

Options pricing suggests a significant move, which may reflect investor uncertainty about the company's future.

The company's ability to adapt to market changes has not been fully factored into analyst estimates.

Key Risk

If PBF's revenue exceeds $10 billion, it could challenge the current bearish sentiment and shift expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will determine if the recent positive trend can be sustained amid market fluctuations.

Bull Confirmed If

An EPS of $6.00 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $5.00 would confirm the bear case, raising concerns about the company's profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±29.88%

Historical Avg

±4.6%

Pricing rich

The options market is pricing in a significant potential move, indicating that investors anticipate volatility around the earnings announcement.

Options are pricing ±29.9% while PBF has averaged ±4.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

70.2%

Calls (121K)P/C Ratio: 0.25Puts (14K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If PBF beats expectations, history suggests the stock could rise by an average of 4.19%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted reaction as investors await further clarity from management.

Miss

If the company misses estimates, history suggests a potential decline of around 4.04%, which would raise concerns about its future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on refining margins and how they are impacting profitability.
2Management's commentary on market demand for refined products.
3Insights into cost management strategies and their effectiveness.
4Details on any operational challenges faced in the quarter.
5Future guidance on expected performance in the upcoming quarters.