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PBF Energy (PBF) Q2 2026 earnings results (second quarter 2026)

10-Q filed Jul 30, 2026

PBF Energy (PBF) reported revenue of $11.7B for the second quarter 2026 (Q2 2026), +56% from a year earlier and +48% from the quarter before. Operating margin was 10.9%, net earnings $915M (7.8% of revenue).

Revenue$11.7B
Year over year+56%
Quarter over quarter+48%
Operating margin10.9%
Net earnings$915M

PBF Energy, Q2 2026: revenue $11.7B (+56% year over year), operating margin 10.9%, net earnings $915M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$11.7B+48%+56%
Operating profit$1.3B+325%30×
Net earnings$915M+357%—
Operating cash flow$1.6B—+731%
Free cash flow$1.5B—42×

What changed

Revenue was $11.7B in Q2 2026, up 56% year over year and up 48% from the previous quarter.

Operating profit was $1.3B, a 10.9% margin (up 10.3 points year over year). Of the extra revenue versus a year earlier, 29% reached operating profit, above the 1% margin then. Total costs grew 40% against revenue growth of 56%. The fastest-growing cost line was General & admin (+85%). Net earnings were $0.91B. The effective tax rate was 25.6%.

Operating cash flow was $1.6B (up 731% year over year), 174% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.50B. Capital expenditures of $0.13B left free cash flow of $1.5B.

Questions

What was PBF Energy's revenue in the second quarter 2026?

PBF Energy (PBF) reported revenue of $11.7B for the second quarter 2026 (Q2 2026), +56% from a year earlier and +48% from the quarter before.

Was PBF Energy profitable in the second quarter 2026?

Operating profit was $1.3B (10.9% of revenue) and net earnings $915M.

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Source: PBF Energy 10-Q on SEC EDGAR.