BMO keeps Market Perform rating for PBF Energy stock

Published on 10/02/2026 at 05:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BMO cites USD 80.00 target for PBF Energy stock on October 1, 2026. Revenue rose 56.22 percent year over year in the second quarter of 2026.

PBF, US69318G1067, Illustration mit AI erstellt.

According to PBF Energy, the refiner reported revenue of USD 11.68 billion in the second quarter of 2026, up 56.22 percent from USD 7.48 billion in the second quarter of 2025. On October 1, 2026, BMO Capital kept its Market Perform rating and USD 80.00 price target, as Investing.com reported.

Profitability changed sharply

PBF reported USD 915.0 million of net income in the second quarter of 2026, compared with a USD 5.4 million net loss in the second quarter of 2025. Diluted earnings per share reached USD 7.54, versus a USD 0.05 loss per share in the year-earlier quarter.

The result included a USD 250.0 million insurance recovery related to the Martinez refinery fire. The company also reported adjusted fully converted net income excluding special items of USD 753.1 million, or USD 6.22 per share, in the second quarter of 2026, according to PBF Energy.

Debt reduction adds balance-sheet support

Total debt stood at USD 1.75 billion on June 30, 2026, down 18.58 percent from USD 2.15 billion on December 31, 2025. PBF also held USD 894.1 million in cash and reported a net-debt-to-capitalization ratio of 12.00 percent at the end of the second quarter.

The company reduced its 2026 capital expenditure guidance to USD 825.0 million to USD 875.0 million and expects third-quarter throughput of 900,000 to 960,000 barrels per day. Those figures connect the earnings improvement with operating execution rather than a single-quarter margin event.

Lang and Schwarz prior close

The prior close at Lang & Schwarz was EUR 73.13 on September 30, 2026. Separately, PBF was last at USD 82.34 on the NYSE on October 1, 2026 at 4:00 p.m. EDT, while market capitalization stood at USD 9.8 billion and the 52-week range was USD 25.62 to USD 82.61.