Is PBF Energy Inc. (NYSE:PBF) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating PBF Energy Inc. at current levels.
Burnt-out refiner with a Martinez rebuild story, West Coast supply tightening, and a book value that does the work for you.
Where PBF is headed
Walk into 2027 and PBF looks like a different company than the one investors wrote off after the February 2025 Martinez fire. The California refinery is back to full throughput by Q4 2026, insurance recoveries (the company has been chasing roughly $400m in business interruption proceeds) have flushed through the cash line, and free cash flow has flipped from the brutal negative $884m print on the trailing twelve to genuinely positive territory as turnaround capex normalises. The West Coast refining picture, meanwhile, has gotten worse for everyone except the operators still standing. Phillips 66 Wilmington closes through 2026, Valero Benicia is on the chopping block, and California's gasoline supply gets meaningfully tighter while demand stays sticky. PBF Martinez and Torrance, sitting inside that shrinking supply pool, earn crack spreads that look nothing like the 2025 trough.
Read the full Compass Direction on PBF
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $41.75).
See the full PBF analysisGet calls like this, free
Join the Alexandria e-letter for forward-looking verdicts, earnings intelligence, and the contrarian reads the crowd misses. Twice a week, no noise.
Free forever. Unsubscribe anytime. We never share your email.
Frequently asked questions
Is PBF Energy Inc. (NYSE:PBF) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating PBF Energy Inc. at current levels. Burnt-out refiner with a Martinez rebuild story, West Coast supply tightening, and a book value that does the work for you.
What is PBF's Compass Score?
PBF Energy Inc. scores 88/100 on Alexandria's Compass, placing it in the "True North" tier. Scores blend eight factors and update weekly.
What is the price target for PBF?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the PBF page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.