Financial Statements — PBF
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.89 | 0.54 | 0.48 | 0.59 | 0.47 | 0.98 | 1.37 | 1.44 | 1.89 | 1.52 | 1.62 | 1.91 | 2.17 | 1.43 | 1.47 | 1.48 | 1.54 |
| Inventory | 2.89 | 3.08 | 2.74 | 2.77 | 2.89 | 2.61 | 2.86 | 2.89 | 3.18 | 2.83 | 2.85 | 2.69 | 2.98 | 2.89 | 2.83 | 2.64 | 2.31 |
| Total Current Assets | 5.83 | 5.83 | 4.81 | 4.77 | 4.86 | 5.11 | 6.05 | 5.82 | 6.92 | 6.30 | 5.87 | 6.57 | 7.33 | 6.38 | 5.49 | 5.27 | 4.85 |
| Property, Plant & Equipment | 5.74 | 5.71 | 5.19 | 5.15 | 5.04 | 5.02 | 5.00 | 4.99 | 4.92 | 4.91 | 5.52 | 5.13 | 5.01 | 4.96 | 4.85 | 4.83 | 4.83 |
| Total Non-current Assets* | 8.89 | 8.89 | 8.23 | 8.21 | 8.17 | 8.02 | 8.03 | 7.99 | 7.77 | 7.73 | 7.27 | 6.73 | 6.64 | 6.57 | 6.36 | 6.39 | 6.42 |
| Total Assets | 14.72 | 14.72 | 13.04 | 12.98 | 13.03 | 13.13 | 14.08 | 13.81 | 14.69 | 14.03 | 13.14 | 13.30 | 13.98 | 12.95 | 11.84 | 11.65 | 11.27 |
| Accounts Payable | 0.79 | 0.86 | 0.82 | 0.93 | 0.87 | 0.96 | 1.13 | 0.96 | 1.21 | 0.64 | 0.75 | 0.91 | 1.34 | 1.63 | 0.46 | 0.78 | 0.71 |
| Total Current Liabilities | 4.38 | 4.44 | 3.50 | 3.63 | 3.77 | 3.83 | 4.26 | 3.78 | 4.39 | 4.30 | 4.60 | 5.42 | 6.77 | 5.09 | 4.20 | 3.75 | 3.40 |
| Long-term Debt | 1.75 | 2.80 | 2.39 | 2.39 | 2.24 | 1.25 | 1.25 | 1.25 | 1.24 | 1.44 | 1.44 | 1.45 | 2.01 | 4.25 | 4.32 | 4.62 | 4.65 |
| Total Non-current Liabilities* | 3.79 | 4.63 | 4.18 | 4.13 | 4.01 | 3.29 | 3.41 | 3.43 | 3.44 | 3.55 | 3.27 | 3.00 | 3.42 | 5.34 | 5.32 | 5.66 | 5.69 |
| Total Liabilities | 8.17 | 9.07 | 7.68 | 7.76 | 7.78 | 7.11 | 7.67 | 7.21 | 7.83 | 7.85 | 7.87 | 8.43 | 10.19 | 10.42 | 9.52 | 9.41 | 9.09 |
| Retained Earnings | 4.19 | 3.32 | 3.10 | 2.97 | 3.00 | 3.76 | 4.07 | 4.17 | 4.17 | 3.41 | 2.41 | 1.44 | 0.39 | (0.82) | (0.96) | (1.02) | (1.07) |
| Total Stockholder Equity | 6.41 | 5.52 | 5.23 | 5.09 | 5.11 | 5.88 | 6.27 | 6.46 | 6.72 | 6.04 | 5.14 | 4.22 | 3.15 | 1.91 | 1.73 | 1.66 | 1.61 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 11.68 | 7.90 | 7.14 | 7.65 | 7.48 | 7.07 | 7.35 | 8.38 | 8.74 | 8.65 | 9.14 | 10.73 | 9.16 | 9.30 | 10.85 | 12.76 | 14.08 | 9.14 | 8.24 | 7.19 |
| Cost of Revenue | 10.53 | 7.63 | 7.27 | 7.61 | 7.53 | 7.49 | 7.66 | 8.67 | 8.73 | 8.43 | 9.05 | 9.51 | 8.65 | 8.72 | 9.88 | 11.19 | 12.14 | 8.94 | 7.87 | 7.02 |
| Gross Profit* | 1.15 | 0.28 | (0.13) | 0.04 | (0.06) | (0.42) | (0.31) | (0.29) | 0.01 | 0.22 | 0.08 | 1.23 | 0.51 | 0.58 | 0.97 | 1.57 | 1.94 | 0.20 | 0.38 | 0.17 |
| Selling, General & Admin | 0.15 | 0.09 | 0.11 | 0.07 | 0.08 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | 0.11 | 0.09 | 0.10 | 0.06 | 0.09 | 0.17 | 0.15 | 0.05 | 0.08 | 0.06 |
| Total Operating Expenses* | (0.13) | (0.02) | (0.26) | (0.25) | (0.10) | 0.09 | 0.07 | 0.10 | 0.08 | 0.07 | 0.13 | 0.15 | (0.88) | 0.04 | 0.01 | 0.17 | 0.23 | 0.11 | 0.09 | 0.07 |
| Operating Income | 1.27 | 0.30 | 0.13 | 0.29 | 0.04 | (0.51) | (0.38) | (0.39) | (0.07) | 0.15 | (0.05) | 1.08 | 1.39 | 0.53 | 0.96 | 1.40 | 1.71 | 0.09 | 0.29 | 0.10 |
| Interest Expense | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.03 | 0.05 | 0.09 | 0.08 | 0.07 | 0.08 |
| Pretax Income | 1.23 | 0.26 | 0.09 | 0.24 | (0.01) | (0.55) | (0.41) | (0.41) | (0.09) | 0.14 | (0.05) | 1.05 | 1.38 | 0.51 | 0.92 | 1.28 | 1.37 | (0.01) | 0.18 | 0.10 |
| Tax Provision | 0.31 | 0.06 | 0.01 | 0.06 | (0.01) | (0.14) | (0.11) | (0.12) | (0.03) | 0.03 | (0.01) | 0.25 | 0.35 | 0.13 | 0.27 | 0.19 | 0.13 | (0.01) | -0.00 | 0.02 |
| Net Income | 0.91 | 0.20 | 0.08 | 0.17 | (0.01) | (0.40) | (0.29) | (0.29) | (0.07) | 0.11 | (0.05) | 0.79 | 1.02 | 0.38 | 0.64 | 1.06 | 1.20 | (0.02) | 0.17 | 0.06 |
| Basic EPS | 7.66 | 1.69 | 0.72 | 1.47 | (0.05) | (3.53) | (2.44) | (2.48) | (0.56) | 0.89 | (0.33) | 6.35 | 8.14 | 2.97 | 5.07 | 8.65 | 9.93 | (0.18) | 1.37 | 0.49 |
| Diluted EPS | 7.54 | 1.65 | 0.74 | 1.45 | (0.05) | (3.53) | (2.41) | (2.49) | (0.56) | 0.86 | (0.33) | 6.11 | 7.88 | 2.86 | 4.97 | 8.40 | 9.65 | (0.18) | 1.36 | 0.49 |
* Derived from reported values
Cash Flow Statement
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 1.59 | (0.32) | 0.37 | 0.03 | 0.19 | (0.66) | (0.33) | (0.07) | 0.43 | 0.02 | 0.31 | 0.53 | 0.07 | 0.44 | 1.12 | 1.38 | 1.96 | 0.31 | 0.15 | 0.26 |
| Capital Expenditures | 0.13 | 0.35 | 0.29 | 0.15 | 0.16 | 0.11 | 0.10 | 0.10 | 0.05 | 0.14 | 0.08 | 0.13 | 0.21 | 0.24 | 0.24 | 0.17 | 0.11 | 0.12 | 0.11 | 0.06 |
| Free Cash Flow* | 1.46 | (0.67) | 0.08 | (0.12) | 0.04 | (0.77) | (0.43) | (0.17) | 0.37 | (0.12) | 0.22 | 0.40 | (0.14) | 0.20 | 0.88 | 1.21 | 1.85 | 0.19 | 0.04 | 0.20 |
| Investing Cash Flow | (0.10) | (0.40) | (0.02) | (0.09) | (0.15) | (0.22) | (0.24) | (0.19) | (0.33) | (0.28) | (0.23) | 0.21 | 0.06 | (0.38) | (0.33) | (0.25) | (0.21) | (0.23) | (0.16) | (0.09) |
| Financing Cash Flow | (1.13) | 0.74 | (0.30) | (0.05) | 0.08 | 0.81 | 0.13 | (0.14) | (0.17) | (0.07) | (0.18) | (0.36) | (0.23) | (0.65) | (0.50) | (1.40) | (1.01) | 0.01 | (0.12) | (0.18) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2018 | Q2
2018 | Q1
2018 | Q4
2017 | Q3
2017 | Q2
2017 | Q1
2017 | Q4
2016 | Q3
2016 | Q2
2016 | Q1
2016 | Q4
2015 | Q3
2015 | Q2
2015 | Q1
2015 | Q4
2014 |
|---|
| Dividends Per Share | 0.25 | 0.20 | 0.20 | 0.20 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 |
