By Connor Hart
Shares of PBF Energy climbed after the company guided for total throughput of 885,000 to 945,000 barrels per day of oil this year.
Analysts polled by FactSet had forecast crude throughput of about 928,000 barrels per day of oil in 2026.
The stock rose 17%, to $33.30, in premarket trading Monday. Through Friday's close, shares are up about 7% over the past year.
PBF Energy guided for East Coast throughput of 300,000 to 325,000 barrels per day of oil in 2026. West Coast throughput is projected to come in between 280,000 and 300,000 barrels per day of oil, and Gulf Coast throughput is anticipated to be between 170,000 and 180,000 barrels per day of oil. The company expects Mid-Continent throughput of 135,000 to 145,000 barrels per day of oil.
The oil refiner said its projections reflect all planned maintenance activities, as well as efforts to restore a refinery damaged in a fire early last year. The company said last week that the facility in Martinez, Calif., is expected to achieve planned operating rates at the beginning of March, compared with a prior projected restart of operations at the end of last year.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
January 05, 2026 06:34 ET (11:34 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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