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PBF Energy (PBF) guidance and outlook
PBF Energy (PBF) reaffirmed its guidance on Oct 29, 2026: Capital expenditures $825M–$875M for FY2026. PBF Energy's 10-Q filed Oct 29, 2026 makes 10 forward-looking statements, 1 of them new and 2 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Capital expenditures | FY2026 | $825M–$875M | reaffirmed |
From the earnings release filed Oct 29, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Oct 29, 2026
- We expect that the cost of repairs to the fire-damaged units and restoring the Martinez refinery to full operational status will be largely covered under our property insurance coverage, subject to our deductible and retentions totaling $30.0 million.
- While we expect our insurance coverage will significantly offset the financial impact of the Martinez refinery fire, other than for the business interruption waiting period, deductibles and retentions, the timing of insurance proceeds may impact our results and our cash flow in a given reporting period.
- Anticipated costs and insurance recoveries related to the Martinez refinery fire are based on information available to us as of the date of this filing, and are preliminary and subject to revision.
- As of both September 30, 2026 and December 31, 2025, PBF Energy recognized a liability for the Tax Receivable Agreement of $168.2 million, reflecting the estimate of the undiscounted amounts that we expected to pay under the agreement.
- We plan to continue operating our refineries in line with demand and prevailing market conditions.
- Although we were in compliance with incurrence covenants during the nine months ended September 30, 2026, there are no assurances in the future that we will be able to meet these incurrence covenants at the time we are required to do so.
- As a result, we revised our 2026 capital expenditure guidance to $825.0 million to $875.0 million for the year, excluding capital related to the Martinez refinery rebuild and costs related to the Hydrogen Plants Asset Purchase.
- We expect that the cost of repairs to the fire-damaged units and restoring the Martinez refinery to full operational status will largely be covered under our property insurance coverage, subject to our deductible and retentions totaling $30.0 million.
- new · We expect to be able to negotiate final settlement of the claim by year end with the final installment anticipated in a similar range to previous installment payments.
- However, the declaration, amount and payment of any future dividends on shares of PBF Energy Class A common stock will be at the sole discretion of PBF Energy’s Board of Directors, and we are not obligated under any applicable laws, our governing documents or any contractual agreements with our existing owners or otherwise to declare or pay any dividends or other distributions (other than the obligations of PBF…
PBF Energy's latest quarter
PBF Energy, Q3 2026: revenue $12.1B (+59% year over year), operating margin 17.3%, net earnings $1.5B, operating cash flow $1.9B. The chart follows the revenue to costs, profit and cash.
Questions
Did PBF Energy raise or lower its guidance?
PBF Energy (PBF) reaffirmed its guidance on Oct 29, 2026: Capital expenditures $825M–$875M for FY2026.
What does PBF Energy expect?
We expect to be able to negotiate final settlement of the claim by year end with the final installment anticipated in a similar range to previous installment payments.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.