PBF Energy Announces Third Quarter 2026 Results, Declares Dividend of $0.325 per Share
Key Highlights
- ➤Q3 income from operations $2,100.9 million, versus $285.9 million in 2025
- ➤Q3 net income attributable to PBF $1,529.3 million, or $12.54 per share
- ➤Quarter-end cash $2.5 billion and total debt $2.1 billion
- ➤Quarterly dividend increased 18% to $0.325 per share
- ➤2026 capital expenditure guidance remains $825-$875 million
Expert Statements
Matt Lucey, President and CEO of PBF Energy
“The current environment provides PBF with an opportunity to further improve our through-the-cycle performance and enhance long-term value. By investing in our assets, strengthening the balance sheet and maintaining a disciplined approach to capital allocation, we are positioning PBF for success across market cycles. During the third quarter, while refining fundamentals remained exceptionally strong, we continued to execute on these priorities, including further reducing net debt by more than $1.2 billion.”
Matt Lucey, President and CEO of PBF Energy
“Our focus remains on operating safely, reliably and in an environmentally responsible manner. With our complex, strategically located coastal refining system, PBF is well positioned to capture opportunities across market cycles, supply critical products to our markets and generate significant long-term value for our investors.”
PBF Energy Announces Third Quarter 2026 Results, Declares Dividend of $0.325 per Share PR Newswire
* Third quarter income from operations of $2,100.9 million (excluding special items, third quarter income from operations of $2,111.9 million) * Third quarter ending cash of $2.5 billion, total debt of $2.1 billion, resulted in net debt reduction of 150% as compared to the second quarter of 2026 * Increases quarterly dividend by 18% to $0.325 per share PARSIPPANY, N.J., Oct. 29, 2026 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported third quarter 2026 income from operations of $2,100.9 million as compared to income from operations of $285.9 million for the third quarter of 2025. Excluding special items, third quarter 2026 income from operations was $2,111.9 million as compared to loss from operations of $27.1 million for the third quarter of 2025.
Get started
Create a free account to read the full story.