PBF Energy

OverviewSuggest Edit

PBF Energy is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and more. The company produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.

TypePublic
Founded2008
HQParsippany-Troy Hills, NJ, USMap
Websitepbfenergy.com
Employee Ratings3.8More
Overall CultureC+More
View Jobs (47)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)3,442(+6%)
Job Openings47
Revenue (FY, 2020)$15.1 B(-38%)
Share Price (Sept 2021)$12.4(+10%)
Cybersecurity ratingBMore

Key People/Management at PBF Energy

Karen B. Davis

Karen B. Davis

Director
Thomas J. Nimbley

Thomas J. Nimbley

Chairman and Chief Executive Officer
Spencer Abraham

Spencer Abraham

Director
Matthew C. Lucey

Matthew C. Lucey

President
Wayne A. Budd

Wayne A. Budd

Director
Erik Young

Erik Young

Senior Vice President, Chief Financial Officer
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PBF Energy Office Locations

PBF Energy has offices in Parsippany-Troy Hills, Chalmette, New Castle, Oregon and in 3 other locations
Parsippany-Troy Hills, NJ, US (HQ)
1 Sylvan Way, Parsippany
Chalmette, LA, US
500 W St Bernard Hwy
New Castle, DE, US
4550 Wrangle Hill Rd
Oregon, OH, US
1819 Woodville Rd
Paulsboro, NJ, US
800 Billingsport Rd
Torrance, CA, US
3700 W 190th St
Show all (7)

PBF Energy Financials and Metrics

PBF Energy Revenue

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PBF Energy's revenue was reported to be $15.12 b in FY, 2020
USD

Revenue (FY, 2020)

15.1b

Gross profit (FY, 2020)

(1.6b)

Gross profit margin (FY, 2020), %

(10.8%)

Net income (FY, 2020)

(1.3b)

EBIT (FY, 2020)

(1.4b)

Market capitalization (23-Sept-2021)

1.4b

Closing stock price (23-Sept-2021)

12.4

Cash (30-Sept-2020)

1.3b

EV

253.2m
PBF Energy's current market capitalization is $1.4 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

21.8b27.2b24.5b15.1b

Revenue growth, %

25%(10%)

Cost of goods sold

20.8b26.6b23.6b16.7b

Gross profit

959.4m602.6m913.1m(1.6b)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

5.8b7.4b7.6b5.2b6.6b6.4b5.3b2.5b3.7b

Cost of goods sold

5.6b7.0b7.3b4.8b6.5b6.2b6.6b2.3b4.0b

Gross profit

161.3m484.1m315.2m425.0m66.8m186.1m(1.3b)198.3m(313.3m)

Gross profit Margin, %

3%7%4%8%1%3%(25%)8%(9%)
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Annual
USDFY, 2017FY, 2018FY, 2019

Cash

573.0m597.3m814.9m

Accounts Receivable

952.6m718.2m835.0m

Prepaid Expenses

63.6m55.6m51.6m

Inventories

2.2b1.9b2.1b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

363.0m478.3m1.1b418.3m204.1m536.3m772.1m1.2b1.3b

Accounts Receivable

831.1m1.0b1.1b869.4m989.8m879.8m439.1m429.0m464.6m

Prepaid Expenses

88.0m55.2m61.5m125.1m90.7m56.4m103.6m112.7m79.8m

Inventories

2.6b2.5b2.6b2.6b2.3b2.1b986.5m1.6b1.5b
show all
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

483.4m175.3m375.2m(1.3b)

Depreciation and Amortization

299.9m378.6m458.3m581.1m

Inventories

(54.7m)(3.3m)(6.3m)392.2m

Accounts Payable

34.6m(111.7m)137.5m(206.6m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

41.8m329.5m522.0m241.4m219.8m306.1m(1.1b)(649.5m)(1.0b)

Depreciation and Amortization

88.0m182.3m277.7m108.6m218.4m331.3m123.0m254.0m391.9m

Inventories

(278.3m)(80.8m)(46.9m)(194.7m)(124.6m)12.4m74.3m24.8m169.3m

Accounts Payable

31.9m61.7m(109.8m)46.1m(33.5m)56.8m(199.9m)(192.2m)(398.5m)
show all
USDFY, 2017

Revenue/Employee

6.9m

Debt/Equity

0.8 x

Debt/Assets

0.3 x

Financial Leverage

2.8 x
Show all financial metrics

PBF Energy Operating Metrics

FY, 2017FY, 2018FY, 2019

Office Space Leased, sq. ft.

67 k67 k67 k

Refineries

555

Throughput Capacity, thousand barrels per day (Refining)

884884884
Show all operating metrics

PBF Energy Acquisitions / Subsidiaries

Company NameDateDeal Size
Chalmette RefiningNovember 02, 2015
Chalmette Logistics Company LLC
Chalmette Refining, L.L.C.
Collins Pipeline Company
CPI Operations LLC
DCR Storage and Loading LLC
Delaware City Logistics Company LLC
Delaware City Refining Company LLC
Delaware City Terminaling Company LLC
Delaware Pipeline Company LLC
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PBF Energy Revenue Breakdown

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PBF Energy revenue breakdown by business segment: 98.6% from Refining and 1.4% from Other

PBF Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

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PBF Energy Online and Social Media Presence

PBF Energy's Trends

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PBF Energy Company Culture

  • Overall Culture

    C+

    68/100

  • CEO Rating

    D

    60/100

  • Compensation

    A-

    80/100

Learn more on Comparably

PBF Energy News and Updates

July 29, 2021

PBF Energy Announces Second Quarter 2021 Results

PARSIPPANY, N.J., July 29, 2021 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported second quarter 2021 income from operations of $147.5 million as compared to income from operations of $620.8 million for the second quarter of 2020. Excluding special items, second quarter 2021 loss...
July 22, 2021

PBF Energy Comments on Bay Area Air Quality Management District Decision

PARSIPPANY, N.J., July 21, 2021 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today commented on the Bay Area Air Quality Management District (BAAQMD) Board members' decision to adopt Proposed Amended Rule (PAR) 6-5 related to particulate emissions from refinery Fluid Catalytic Cracking...
June 16, 2021

AI Ranks Pbf Energy Inc Among Today’s Top Shorts As Major Indices Climb

Stocks traded mildly higher today, with the Dow Jones up 20 points, the S&P 500 rising 0.1%, and the Nasdaq ticking up 0.2%. Find opportunities with today's best short plays from Q.ai's deep learning algorithms.
April 29, 2021

PBF Energy Announces First Quarter 2021 Results

PARSIPPANY, N.J., April 29, 2021 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported first quarter 2021 income from operations of $57.7 million as compared to loss from operations of $1,366.8 million for the first quarter of 2020. Excluding special items, first quarter 2021 loss...
February 11, 2021

PBF Energy Reports Fourth Quarter 2020 Results

PARSIPPANY, N.J., Feb. 11, 2021 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported fourth quarter 2020 loss from operations of $328.1 million as compared to income from operations of $123.0 million for the fourth quarter of 2019. Excluding special items, fourth quarter 2020 loss...
January 05, 2021

PBF Energy to Release Fourth Quarter 2020 Earnings Results

PARSIPPANY, N.J., Jan. 5, 2021 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the fourth quarter 2020 on Thursday, February 11, 2021. The company will host a conference call and webcast regarding quarterly results and other...
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 PBF Energy Frequently Asked Questions

  • When was PBF Energy founded?

    PBF Energy was founded in 2008.

  • Who are PBF Energy key executives?

    PBF Energy's key executives are Karen B. Davis, Thomas J. Nimbley and Spencer Abraham.

  • How many employees does PBF Energy have?

    PBF Energy has 3,442 employees.

  • What is PBF Energy revenue?

    Latest PBF Energy annual revenue is $15.1 b.

  • What is PBF Energy revenue per employee?

    Latest PBF Energy revenue per employee is $4.4 m.

  • Who are PBF Energy competitors?

    Competitors of PBF Energy include Marathon Oil, Chevron and CVR Energy.

  • Where is PBF Energy headquarters?

    PBF Energy headquarters is located at 1 Sylvan Way, Parsippany, Parsippany-Troy Hills.

  • Where are PBF Energy offices?

    PBF Energy has offices in Parsippany-Troy Hills, Chalmette, New Castle, Oregon and in 3 other locations.

  • How many offices does PBF Energy have?

    PBF Energy has 7 offices.