Aug. 24 at 12:46 PM
$PBF Q3 2026 is running materially better than Q2 for PBF, particularly on the West Coast and Gulf Coast.
Q2 already produced
$23.40/bbl of PBF gross refining margin, versus
$8.38 in Q2 2025.
And Q3 is giving PBF:
1. Higher cracks
2. Martinez fully back
3. Very strong diesel margins
4. Higher throughput
5. Much lower interest expense after the debt paydown
That's a powerful combination.