PBF Energy Q3 revenue and profit beat estimates, dividend up 18%
PBF•PBF Energy reported Q3 revenue of $12.13 billion and adjusted net income of $1.57 billion, beating analyst estimates of $10.50 billion and $1.28 billion, respectively. It raised its quarterly dividend 18% to $0.325 per share.
1. Q3 results
PBF Energy's Q3 revenue was $12.13 billion, compared with the $10.50 billion analyst estimate, while adjusted net income was $1.57 billion, above the $1.28 billion estimate. Net income was $1.54 billion and operating income was $2.10 billion.
2. Dividend and outlook
The company raised its quarterly dividend by 18% to $0.325 per share. PBF expects 2026 capital expenditures of $825 million to $875 million, excluding Martinez rebuild costs, and Q4 2026 throughput of 925,000 to 985,000 barrels per day. It expects renewable diesel production of 18,000 to 20,000 barrels per day in Q4 2026.
3. Refining operations
PBF said refining fundamentals remained exceptionally strong during the quarter. Its Martinez refinery returned to full operations in May 2026, with fire-related restoration costs largely covered by insurance.
