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PBF Energy USD

Update

Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.

Sector: Oil refining

COMM_PBF

Price chart

42.37 USDDay -0.31%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
42.37 USD · -0.31%
Market cap
5.0 bn USD

Growth

Δ revenue y/y
11.9%
Δ EBITDA y/y
237.8%

Multiples

P/E (LTM)
11.2x
P/B (FY)
0.9x
P/E (ann.)
6.3x
EV/EBITDA (LTM)
5.3x
EV/EBITDA (ann.)
4.0x

Cash return

Dividend yield
2.6%
FCF yield (LTM)
-7.3%

Liquidity

Daily turnover (listing)
72.1 mln USD

Shares: sec_companyfacts/1534504

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 1 / Warn: 1 / Err: 14 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1✗Errors 1Warn 4
2023-06-30 Q2✗Errors 1Warn 4
2023-09-30 Q3✗Errors 2Warn 4
2023-12-31 FY✗Errors 1Warn 2
2023-12-31 Q4✓OK
2024-03-31 Q1✗Errors 2Warn 3
2024-06-30 Q2✗Errors 1Warn 1
2024-09-30 Q3✗Errors 2Warn 2
2024-12-31 FY✗Errors 1Warn 2
2024-12-31 Q4✗Errors 1Warn 2
2025-03-31 Q1✗Errors 7Warn 1
2025-06-30 Q2✗Errors 1Warn 2
2025-09-30 Q3✗Errors 1Warn 2
2025-12-31 FY✗Errors 1Warn 2
2025-12-31 Q4⚠Warn 1
2026-03-31 Q1✗Errors 5Warn 1
✓ All checks pass · ⚠ Has warnings (review) · ✗ Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-03-31Q1 2026 (3M)OK7.9
y/y 11.9%
0.3
y/y 158.6%
0.2
y/y -6.7%
0.5
y/y 237.8%
0.2
y/y 149.4%
-0.3-0.314.7
y/y 13.0%
5.5
y/y 7.9%
14.6%2.5Link
2025-12-31FY 2025 (12M)OK7.1
y/y -2.9%
0.1
y/y 133.4%
0.2
y/y -7.8%
0.3
y/y 230.3%
0.1
y/y 127.1%
0.4-0.313.0
y/y 2.5%
5.3
y/y -4.1%
-3.0%1.8Link
2025-09-30Q3 2025 (3M)OK7.7
y/y -8.7%
0.3
y/y 174.0%
0.2
y/y 1.1%
0.5
y/y 305.4%
0.2
y/y 159.5%
0.0-0.113.0
y/y -0.7%
5.2
y/y -11.0%
4.4%2.1Link
2025-06-30Q2 2025 (3M)OK7.5
y/y -14.4%
0.0
y/y 157.6%
0.2
y/y 2.7%
0.2
y/y 139.5%
0.0
y/y 92.0%
0.2-0.213.0
y/y -7.8%
5.1
y/y -18.8%
-0.4%2.0Link
2025-03-31Q1 2025 (3M)OK7.1
y/y -18.3%
-0.5
y/y -452.3%
0.2
y/y 18.0%
-0.3
y/y -214.4%
-0.4
y/y -476.9%
-0.7-0.113.0
y/y -5.7%
5.1
y/y -20.8%
-30.2%2.0Link
2024-12-31FY 2024 (12M)OK7.4
y/y -19.6%
-0.4
y/y -711.9%
0.2
y/y -45.5%
-0.2
y/y -183.4%
-0.3
y/y -497.7%
-0.3-0.112.7
y/y -11.7%
5.5
y/y -14.6%
-9.3%1.1Link
2024-09-30Q3 2024 (3M)OK8.4
y/y -21.9%
-0.4
y/y -135.9%
0.2
y/y 4257.9%
-0.2
y/y -120.4%
-0.3
y/y -136.4%
-0.1-0.113.1
y/y -10.6%
5.9
y/y -12.5%
-6.3%0.5Link
2024-06-30Q2 2024 (3M)OK8.7
y/y -4.6%
-0.1
y/y -105.4%
0.2
y/y 6943.5%
0.1
y/y -93.7%
-0.1
y/y -106.4%
0.4-0.114.1
y/y 0.3%
6.3
y/y 3.6%
-4.1%0.1Link
2024-03-31Q1 2024 (3M)OK8.6
y/y -7.0%
0.1
y/y -72.7%
0.1
y/y 7715.8%
0.3
y/y -45.0%
0.1
y/y -72.1%
0.0-0.113.8
y/y 5.1%
6.5
y/y 25.7%
6.6%0.0Link
2023-12-31FY 2023 (12M)OK9.1
y/y —
0.0
y/y —
0.3
y/y —
0.3
y/y —
0.0
y/y —
0.3-0.114.4
y/y —
6.5
y/y —
32.4%-0.4Link
2023-09-30Q3 2023 (3M)OK10.7
y/y —
1.1
y/y —
0.0
y/y —
1.1
y/y —
0.8
y/y —
0.5-0.114.7
y/y —
6.7
y/y —
16.4%-0.5Link
2023-06-30Q2 2023 (3M)OK9.2
y/y —
1.4
y/y —
0.0
y/y —
1.4
y/y —
1.0
y/y —
0.1-0.214.0
y/y —
6.0
y/y —
73.0%0.1Link
2023-03-31Q1 2023 (3M)OK9.3
y/y —
0.5
y/y —
0.0
y/y —
0.5
y/y —
0.4
y/y —
0.4-0.213.1
y/y —
5.1
y/y —
—-0.1Link
Data quality — review suggested

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

-2 00002 0004 0006 0008 00010 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-500%0%500%1000%1500%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-1 000-750-500-25002502023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

-50005001 0001 5002 0002 5002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Key-commodity price — US Crack Spread (oil refining)

Current 45spot vs LTM +85%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: +840.6%

Main driver: US Crack Spread (oil refining) +85% vs LTM; revenue ×1.11 vs costs ×1.04; EBITDA 1 400→4 683; at 11.4× EV/EBITDA → +841%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
US Crack Spread (oil refining) (rev)+13%44.6024.1226.40+85%+9%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue30 171
LTM EBITDA1 400
LTM cash costs (revenue − EBITDA)28 771
2 · Revenue projection
Revenue multiplier — spot×1.110 (+11%)
= Spot revenue33 501
Revenue multiplier — 3y price×1.012 (+1%)
= 3-year-price revenue30 541
3 · Costs projection
Cost multiplier — spot×1.040 (+4%)
= Spot cash costs29 922
Cost multiplier — 3y price×1.040 (+4%)
= 3-year-price cash costs29 922
4 · EBITDA projection (revenue − costs)
= Spot EBITDA4 683
= 3-year-price EBITDA1 515
Conservative EBITDA = min(spot, avg)4 683
5 · Valuation → target market cap
Historical EV/EBITDA (3-yr average)11.4x
Target EV = EV/EBITDA × conservative EBITDA53 393
Net debt2 472
Target market cap = EV − net debt50 921
Current market cap5 414

Upside = target market cap ÷ current − 1 = +840.6%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q29 15811 463-20.1%1 392636+118.8%
2023 Q310 73410 528+2.0%1 081880+22.9%
2023 Q49 1399 557-4.4%89347-74.4%
2024 Q18 6469 425-8.3%294397-26.1%
2024 Q28 7369 294-6.0%87370-76.4%
2024 Q38 3829 099-7.9%-221-50—
2024 Q47 3518 522-13.7%-223-359—
2025 Q17 0668 149-13.3%-336-352—
2025 Q27 4757 976-6.3%209-282—
2025 Q37 6517 720-0.9%453-185—
2025 Q47 1407 372-3.1%274-173—
2026 Q17 9047 258+8.9%463-104—

EV/EBITDA — daily history

Current 5.6x · 3-year average 11.4x

EV/EBITDA3-year average

Potential — history

Current +233%

Dividends

No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)