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PBF Energy (PBF) Climbs to 1-Year High Ahead of Business Updates

PBF Energy Inc. (NYSE:PBF) is one of the 10 Stocks Dominating Today’s Market Action.

PBF Energy soared to an over one-year high on Wednesday, as investors loaded portfolios ahead of business updates amid its participation in an upcoming conference.

At intra-day trading, the stock soared to its highest price of $45.13 before paring gains to finish the session just up by 12.68 percent at $44.80 apiece.

Photo from PBF Energy LinkedIn

According to the company, members of its management team will take part in the Wolfe Research Refining Conference on Thursday, March 5, where investors will be watching out for cues to further boost buying appetite.

Meanwhile, Class A common shareholders on record as of February 25 are set to receive on March 11 amounting to $0.275 dividends for every share held.

The distribution followed PBF Energy Inc.’s (NYSE:PBF) strong fourth quarter performance, having swung to a net income attributable to shareholders of $78.4 million from a $289.3 million net loss attributable to shareholders in the same quarter a year earlier. Revenues, on the other hand, dipped by 3 percent to $7.14 billion from $7.35 billion year-on-year.

In the full-year period, PBF Energy Inc. (NYSE:PBF) remained at a net loss attributable to shareholders of $158.5 million, albeit 70 percent lower than the $533.8 million net loss attributable to shareholders in 2024. Revenues also fell by 11.5 percent to $29.3 billion from $33 billion year-on-year.

“2025 presented significant challenges and opportunities for PBF. Early in the year, unexpected downtime at our Martinez refinery resulted in substantial work and an unplanned use of resources. However, while this challenge was being addressed, we were also able to pursue efficiencies across the company, improving our cost structure and building a stronger operating base for the future,” PBF Energy Inc. (NYSE:PBF) President and CEO Matthew Lucey said.

“We are now in the final stages of restoration at Martinez, and our full system will soon be operational—positioning us well as the competitive landscape improves,” he added.

While we acknowledge the risk and potential of PBF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PBF and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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