PBF Energy Projects $130 Million Interest Expense Reduction by 2027 and Q4 Throughput of Up to 985,000 bpd
During the Q3 2026 earnings call, PBF Energy Inc. (PBF) highlighted significant progress in its deleveraging strategy, reporting a net debt reduction of over $1.2 billion during the third quarter. CEO Matthew Lucey emphasized that the company's recent performance is driven by strong operating execution and a focused effort to strengthen the balance sheet. Looking ahead, PBF outlined a clear path toward reducing interest expenses by at least $130 million by 2027. Additionally, management provided guidance for Q4 throughput, projecting volumes between 925,000 and 985,000 barrels per day (bpd). These projections signal a commitment to operational stability and improved financial health through reduced debt servicing costs.
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