Business Analysis of PBF Energy

 Analyze Historical Performance, Strategic Priorities, And Business Improvement Opportunities of PBF Energy

PBF ENERGY

Business Overview

PBF Energy Inc., together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products. The company sells its products in Northeast, Midwest, Gulf Coast, and West Coast of the United State, as well as in other regions of the United States and Canada. It also offers various rail, truck, and marine terminaling services, as well as pipeline transportation and storage services PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey.

PBF Energy

PBF Energy


R&P Rank: 172
Sector: Oil & Gas
Industry:Oil & Gas Production
H.Q Location:New Jersey
Website: www.pbfenergy.com
Company Address:
1 SYLVAN WAY, PARSIPPANY NJ 07054
Ph:973-455-7500

Business Analysis of PBF Energy

The Oil & Gas Sector is witnessing a major shakeup, new age business models in the industry are transforming both customers and businesses. Faced with this uncertainity, companies are investing resources to transform their business. An in-depth business analysis is a valuable resource to identify and articulate the need for a business model change. At R&P Research we believe, the starting point for a business analysis is Benchmarking. Business benchmarking can be done at various levels: 1) Industry Benchmarking 2) Peer Benchmarking 3) Disruptors Benchmarking. In this report, we share the snapshot of how PBF Energy compares against the industry on the major performance indicators. This analysis, along with peer group/disruptors benchmarking and revenue model understanding can help identify growth and cost optimization opportunities to maximize the value delivered by PBF Energy to its stakeholders. R&P Research Industry Intelligence Platform provides historical data for last 15 years with an easy to use benchmarking interface for an in-depth comparative business analysis.

Here is the performance snapshot of PBF Energy with an interactive chart.

  1. Revenue Growth: PBF Energy reported a revenue growth of 21.3% year-on-year during 2016. Oil & Gas Production Industry grew at -15.5% in the same period
  2. COGS share of Revenues: As a percentage of revenue, PBF Energy spent 94.4% of its total revenues on COGS. Oil & Gas Production industry average (COGS share of revenue) in the same period was 78.0%
  3. R&D share of Revenues: PBF Energy R&D share of Revenues details are not available because either company does not share the data or we do not have it
  4. SG&A share of Revenues: As a percentage of revenue, PBF Energy spent 1.0% of its total revenues on Sales, Marketing, and General Administration (SG&A). Oil & Gas Production industry average SG&A spending in the same period was 4.3%
  5. Inventory share of Revenues: As a percentage of revenue, PBF Energy spent 11.7% of its total revenues on Inventories. Oil & Gas Production industry average Inventory spending in the same period was 6.1%
  6. Accounts Payable share of Revenues: As a percentage of revenue, PBF Energy invested 7.2% of its total revenues on Accounts Payable (A/P) Oil & Gas Production industry average Accounts Payable investment in the same period was 12.4%
  7. Accounts Receivable share of Revenues: As a percentage of revenue, PBF Energy invested 3.9% of its total revenues on Accounts Receivable (A/R). Oil & Gas Production industry average Accounts Receivable investment in the same period was 10.5%
  8. PP&E share of Revenues: As a percentage of revenue, PBF Energy invested 20.9% of its total revenues on Property, Plants, and Equipments (PP&E). Oil & Gas Production industry average PPE investment in the same period was 132.9%
  9. Intangibles share of Revenues: PBF Energy Intangibles share of Revenues details are not available because either company does not share the data or we do not have it
  10. Net Margins: PBF Energy Net Margins in the year 2016 were 1.1%. Oil & Gas Production industry average Net Margins in the same period were -4.2%

Sector and Industry Association of PBF Energy

For the purpose of performance benchmarking of a company with a sector or industry average, R&P Research associates every company with one sector and one industry. An industry consists of companies with related/similar business models. A sector comprises of a group of related/similar industries.

PBF Energy is associated with Oil & Gas Sector and Oil & Gas Production Industry.

Oil & Gas sector is comprised of the following industries: Oil & Gas Production; Oil & Gas Distribution; Oil & Gas Equipment and Services; Alternative Energy. The definitions for each of the industries is as follows:

  • Oil & Gas Production industry includes companies primarily engaged in operating oil & gas properties. Key activities may include exploration for crude petroleum and natural gas; drilling, completing, and equipping wells; and all other activities in the preparation of oil and gas up to the point of shipment from the producing property. It also includes companies engaged in crude petroleum refining and producing gasoline, kerosene, distillate fuel oils, residual fuel oils, and lubricants, through fractionation or straight distillation of crude oil.
  • Oil & Gas Distribution industry includes companies primarily engaged in the pipeline transportation of petroleum, natural gas, and other commodities. It also includes companies primarily engaged in the wholesale and retail distribution of petroleum and petroleum products.
  • Oil & Gas Equipment and Services industry includes companies primarily engaged in drilling wells for oil or gas field operations for others on a contract or fee basis. It also includes companies providing exploration services and machinery & equipment for oil and gas field operations.
  • Alternative Energy industry includes companies that develop or manufacture renewable energy equipment utilizing sources such as solar, wind, geothermal, hydro, and waves. It also includes companies that produce alternative fuels such as methanol, ethanol, hydrogen and biofuels that are mainly used to power vehicles.

Industry Ranking of PBF Energy

With $15.9 billion revenues, PBF Energy ranked number 9 of all the companies in the US Oil & Gas Production industry. There were a total of 89 public companies in the US Oil & Gas Production industry that had revenues greater than $50 million during 2016.

The top-10 companies in the US Oil & Gas Production industry by revenues during 2016 were:

  1. ExxonMobil ($226.1 billion)
  2. Chevron ($114.5 billion)
  3. Phillips 66 ($85.8 billion)
  4. Valero Energy ($75.7 billion)
  5. Marathon Petroleum ($63.4 billion)
  6. Imperial Oil ($27.4 billion)
  7. Tesoro ($24.6 billion)
  8. ConocoPhillips ($24.4 billion)
  9. PBF Energy ($15.9 billion)
  10. Devon Energy ($12.2 billion)

Business Model Analysis (BMA) Framework

We use the following framework to assess the business model of a company. Business Model Analysis framework can be used by organizations to articulate growth strategies and identify cost optimization opportunities. Technology and consulting companies can use this framework to identify the value drivers and pain points of their targeted customers. Entrepreneurs can use this framework to understand the language of business and identify promising business opportunities. This framework can be used by any professional aspiring to take up a leadership role to better understand the businesses challenges, articulate growth strategy, and monitor the business improvement requirements for the organization.

Next Steps

  • Conduct a holistic benchmarking; to identify and target additional sources of value
  • Get in touch with us to learn more about Business Model Analysis Framework
  • Get free data, charts, and analysis of PBF Energyand its peers on select key performance indicators by clicking the reports provided below

Industry Peers and Competitors of pbf-energy

Imperial Oil (IMO) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Imperial Oil Ltd with $27 billion revenues in the year 2016 was the number 6 Oil & Gas Production company. Read this report to know the top competitors of Imperial Oil and identify growth and cost optimization opportunities of Imperial Oil

Tesoro (TSO) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

Tesoro Corp with $25 billion revenues in the year 2016 was the number 7 Oil & Gas Production company. Read this report to know the top competitors of Tesoro and identify growth and cost optimization opportunities of Tesoro

ConocoPhillips (COP) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

ConocoPhillips with $24 billion revenues in the year 2016 was the number 8 Oil & Gas Production company. Read this report to know the top competitors of ConocoPhillips and identify growth and cost optimization opportunities of ConocoPhillips

Devon Energy (DVN) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Devon Energy Corp with $12 billion revenues in the year 2016 was the number 10 Oil & Gas Production company. Read this report to know the top competitors of Devon Energy and identify growth and cost optimization opportunities of Devon Energy

HollyFrontier (HFC) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

HollyFrontier Corp with $11 billion revenues in the year 2016 was the number 11 Oil & Gas Production company. Read this report to know the top competitors of HollyFrontier and identify growth and cost optimization opportunities of HollyFrontier

Occidental Petroleum (OXY) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Occidental Petroleum Corp with $10 billion revenues in the year 2016 was the number 12 Oil & Gas Production company. Read this report to know the top competitors of Occidental Petroleum and identify growth and cost optimization opportunities of Occidental Petroleum

Revenues Analysis

PBF Energy (PBF) Revenues And Revenue Growth From 2012 To 2016

This report provides the last five years revenues and revenue growth of PBF Energy Inc. (PBF) from 2012 to 2016. PBF Energy generated a total of $15.9 billion revenues during 2016. PBF Energy reported a revenue growth of 21.3% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

PBF Energy (PBF) Revenues And Revenue Growth From 2010 To 2016

This report provides the last seven years revenues and revenue growth of PBF Energy Inc. (PBF) from 2010 to 2016. PBF Energy generated a total of $15.9 billion revenues during 2016. PBF Energy reported a revenue growth of 21.3% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

PBF Energy (PBF) Revenue Growth Comparison With Industry Growth From 2012...

This report provides a comparison of PBF Energy Inc. (PBF) revenue growth with Oil & Gas Production industry growth during the last five years from 2012 to 2016. PBF Energy reported a revenue growth of 21.3% year-over-year during 2016. The Oil & Gas Production industry growth was -15.5% year-over-year during 2016. PBF Energy growth was faster than the industry during 2016.

Profit Analysis

PBF Energy (PBF) Net Profit And Net Margin From 2012 To...

This report provides the last five years net profit and net margin of PBF Energy Inc. (PBF) from 2012 to 2016. PBF Energy reported a total net income of $170.8 million during 2016. PBF Energy generated a total of $15.9 billion revenues during 2016. PBF Energy net profit margin was 1.1% during 2016. The net profit and the net profit margin correspond to the fiscal year ending in December.