PBF
PBF Energy, Inc.
September 14, 2026 · market open
- Rarity
- 1.51
- Peak move
- −10.30%
- Float cap
- $6.5B
PBF Energy, Inc. is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products. It sells these products throughout the Northeast, Midwest, Gulf Coast, and West Coast of the United States, as well as in Canada and Mexico and other international destinations. The company operates six domestic oil refineries and logistics assets that include terminals, pipelines, and storage facilities.
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What we found
17 events · 2 from SEC or newswire · 0 timed with the moveacquisition_acquirerPBF Energy subsidiary PBF Energy Company LLC completed the $387 million acquisition of two hydrogen production units at its Torrance refinery from Air Products West Coast Hydrogen on September 9, 2026, paying $44.8 million cash at closing and recording about $342.2 million of promissory note debt, with the deal signed July 20.
debt_financingPBF Holding issued a conditional notice to redeem all $500 million of its 7.875% senior unsecured notes due 2030 at 103.938% of principal plus accrued interest on September 24, 2026, conditioned on completing at least $500 million in debt financings.
SEC8-K 0001193125-26-389847Webearningsfeed.comWebus.kabutan.jpWebebs.publicnow.comWebstock.mk.co.krWebdatatooza.comconvertible_offeringPBF Energy's subsidiaries PBF Holding and PBF Finance announced a private offering of $500 million in senior unsecured exchangeable notes due 2032, with a $50 million purchaser option and capped call transactions to limit dilution, to fund redemption of the 7.875% notes due 2030.
SEC8-K 0001193125-26-389847Webgurufocus.comWebprnewswire.comWebadvfn.comWebus.kabutan.jpWebbarchart.comWebin.marketscreener.comanalyst_ratingMorgan Stanley analyst Joe Laetsch maintained an Underweight rating on PBF Energy and raised the price target to $76 from $38.
commodity_eventHana Securities said Dubai crude surged 21.3% week-on-week to $123.66 a barrel as of September 11 from $101.91 on September 4, cutting the complex refining margin to $26.4 per barrel from $33.6, a sixth straight weekly decline, amid Red Sea shipping disruption.
- Key event
geopoliticalHouthi forces effectively took control of the Bab-el-Mandeb Strait and Red Sea coast, and a drone attack hit a Saudi oil pipeline while operations on Saudi Arabia's east-west crude pipeline were disrupted, escalating attacks on Gulf shipping and raising Middle East crude transportation uncertainty and VLCC freight rates.
- Key event
commodity_eventDiesel prices rose to $160/bbl with the Brent spread above $60/bbl and US Gulf Coast diesel at a record $6/gallon, as the diesel crack broke $106/bbl on September 1 amid 7-8 million bpd of global refining capacity offline.
commodity_eventBrent crude rose $3.62, or 3.46%, to $108.23 per barrel at the open of Monday's Asian session after fresh strikes on Saudi Arabia and vessels in the Gulf on Sunday, later pushing to $109/bbl on September 13, 2026.
commodity_eventSaudi Arabia's East-West pipeline was damaged and shut after an attack on the 7.5 million bpd Gulf export corridor, pushing Brent above $120 and WTI above $102.
demand_signalHigh refining margins prompted Atlantic Basin refiners to delay roughly 1.4 million bpd of planned autumn maintenance, cutting US September-October turnaround volumes by about 700,000 bpd versus pre-war forecasts to only about 400,000 bpd.
analyst_ratingFreedom Broker downgraded PBF Energy to Sell from Hold, citing geopolitical concerns, while raising its price target to $55 from $42.
- Key event
operational_disruptionAn explosion and large fire struck PBF Energy's Chalmette refinery in Louisiana on September 12, 2026, sending heavy plumes of smoke over New Orleans.
commodity_eventBrent crude settled at $107.63 a barrel after a 6.3% rise, its highest close since May, and WTI ended at $102.48, up 6.7%, with the US diesel crack spread reaching a record $110 a barrel.
analyst_ratingBank of America Securities analyst Jean Ann Salisbury maintained a Sell rating on PBF Energy and set a $60.00 price target in a note dated Sept 9, 2026.
insider_saleControl Empresarial de Capitales S.A. de C.V., a ~10% holder and PBF Energy director, sold 319,270 Class A shares for about $24.83 million on September 9-10, 2026 at prices between $77.23 and $78.16, leaving it with 13,866,127 Class A shares.
commodity_eventOil prices surged past $100 per barrel on September 9, 2026, with Brent crude hitting its highest level since July, driven by escalating U.S.-Iran geopolitical tensions.
peer_disclosureDelek US Holdings reported Q2 2026 refining adjusted EBITDA of $566.2 million versus $114.8 million a year earlier, and Valero posted refining operating income of $4.5 billion, up from $1.3 billion.