PBF vs. TRGP

Last updated Jun 4, 2026

PBF (PBF Energy Inc.) and TRGP (Targa Resources Corp.) are both stocks. Both are in the Energy sector — PBF in Oil & Gas Refining & Marketing, TRGP in Oil & Gas Midstream. Over the past 10 years, PBF returned 7.59%/yr vs 24.97%/yr for TRGP. At a 0.40 correlation, their price movements are largely independent.

Performance

PBF vs. TRGP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PBF Energy Inc. (PBF) and Targa Resources Corp. (TRGP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBF achieves a 59.20% return, which is significantly higher than TRGP's 43.81% return. Over the past 10 years, PBF has underperformed TRGP with an annualized return of 7.59%, while TRGP has yielded a comparatively higher 24.97% annualized return.

PBF

• 1D: -1.44%
• 1M: -5.91%
• YTD: 59.20%
• 6M: 27.78%
• 1Y: 125.28%
• 3Y*: 7.98%
• 5Y*: 21.99%
• 10Y*: 7.59%

TRGP

• 1D: -0.23%
• 1M: 1.43%
• YTD: 43.81%
• 6M: 50.99%
• 1Y: 62.91%
• 3Y*: 57.77%
• 5Y*: 44.48%
• 10Y*: 24.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PBF vs. TRGP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBF PBF Energy Inc.	59.20%	6.75%	-37.99%	9.97%	215.81%	82.68%	-77.12%	0.16%	-4.93%	33.64%
TRGP Targa Resources Corp.	43.81%	5.65%	110.12%	21.01%	43.71%	100.15%	-32.48%	23.98%	-19.88%	-7.09%

Correlation

The correlation between PBF and TRGP is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 14, 2012	0.40

The correlation between PBF and TRGP shifts across timeframes, from 0.23 (1 year) to 0.45 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS PBF : $3.74 TRGP : $13.11
PE Ratio PBF : 11.38 TRGP : 20.03
PEG Ratio PBF : 0.04 TRGP : 0.22
PS Ratio PBF : 0.17 TRGP : 2.60
Total Revenue (TTM) PBF : $30.17B TRGP : $16.38B
Gross Profit (TTM) PBF : $127.70M TRGP : $3.62B
EBITDA (TTM) PBF : $812.40M TRGP : $4.49B

Return for Risk

PBF vs. TRGP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PBF

PBF Risk / Return Rank: 83
PBF Sharpe Ratio Rank: 87
PBF Sortino Ratio Rank: 81
PBF Omega Ratio Rank: 80
PBF Calmar Ratio Rank: 85
PBF Martin Ratio Rank: 83

TRGP

TRGP Risk / Return Rank: 87
TRGP Sharpe Ratio Rank: 90
TRGP Sortino Ratio Rank: 86
TRGP Omega Ratio Rank: 84
TRGP Calmar Ratio Rank: 87
TRGP Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PBF vs. TRGP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PBF Energy Inc. (PBF) and Targa Resources Corp. (TRGP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PBF	TRGP	Difference
Sharpe ratio Return per unit of total volatility	1.93	2.30	-0.36
Sortino ratio Return per unit of downside risk	2.41	2.87	-0.46
Omega ratio Gain probability vs. loss probability	1.31	1.35	-0.05
Calmar ratio Return relative to maximum drawdown	3.61	3.88	-0.26
Martin ratio Return relative to average drawdown	8.12	12.71	-4.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBF vs. TRGP - Sharpe Ratio Comparison

The current PBF Sharpe Ratio is 1.93, which is comparable to the TRGP Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of PBF and TRGP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PBF	TRGP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	2.30	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	1.40	-1.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	0.53	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.47	-0.35

Drawdowns

PBF vs. TRGP - Drawdown Comparison

The maximum PBF drawdown since its inception was -91.51%, roughly equal to the maximum TRGP drawdown of -95.21%. Use the drawdown chart below to compare losses from any high point for PBF and TRGP.

Drawdown Indicators

	PBF	TRGP	Difference
Max Drawdown Largest peak-to-trough decline	-91.51%	-95.21%	+3.70%
Max Drawdown (1Y) Largest decline over 1 year	-34.86%	-16.30%	-18.56%
Max Drawdown (3Y) Largest decline over 3 years	-76.04%	-31.61%	-44.43%
Max Drawdown (5Y) Largest decline over 5 years	-76.04%	-31.61%	-44.43%
Max Drawdown (10Y) Largest decline over 10 years	-91.51%	-90.78%	-0.73%
Current Drawdown Current decline from peak	-25.71%	-5.08%	-20.63%
Average Drawdown Average peak-to-trough decline	-37.90%	-33.61%	-4.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.51%	4.97%	+10.54%

Volatility

PBF vs. TRGP - Volatility Comparison

PBF Energy Inc. (PBF) has a higher volatility of 17.21% compared to Targa Resources Corp. (TRGP) at 8.93%. This indicates that PBF's price experiences larger fluctuations and is considered to be riskier than TRGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBF	TRGP	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.21%	8.93%	+8.28%
Volatility (6M) Calculated over the trailing 6-month period	47.21%	18.83%	+28.38%
Volatility (1Y) Calculated over the trailing 1-year period	65.37%	27.58%	+37.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.56%	32.42%	+28.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.22%	47.68%	+19.54%

Dividends

PBF vs. TRGP - Dividend Comparison

PBF's dividend yield for the trailing twelve months is around 2.59%, more than TRGP's 1.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PBF PBF Energy Inc.	2.59%	4.06%	3.86%	1.93%	0.49%	0.00%	4.23%	3.83%	3.67%	3.39%	4.30%	3.26%
TRGP Targa Resources Corp.	1.62%	2.03%	1.54%	2.13%	1.90%	0.77%	4.59%	8.92%	10.11%	7.52%	6.49%	12.53%

Financials

PBF vs. TRGP - Profitability Comparison

The chart below illustrates the profitability comparison between PBF Energy Inc. and Targa Resources Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PBF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PBF Energy Inc. reported a gross profit of 278.50M and revenue of 7.90B. Therefore, the gross margin over that period was 3.5%.

TRGP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Targa Resources Corp. reported a gross profit of 0.00 and revenue of 4.09B. Therefore, the gross margin over that period was 0.0%.

PBF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PBF Energy Inc. reported an operating income of 299.60M and revenue of 7.90B, resulting in an operating margin of 3.8%.

TRGP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Targa Resources Corp. reported an operating income of 846.90M and revenue of 4.09B, resulting in an operating margin of 20.7%.

PBF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PBF Energy Inc. reported a net income of 198.30M and revenue of 7.90B, resulting in a net margin of 2.5%.

TRGP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Targa Resources Corp. reported a net income of 479.60M and revenue of 4.09B, resulting in a net margin of 11.7%.

Frequently Asked Questions

Can I hold both PBF and TRGP in my portfolio?

PBF and TRGP have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PBF or TRGP?

PBF has higher volatility (17.21%) compared to TRGP (8.93%). In terms of maximum drawdown, PBF dropped -91.51% vs TRGP's -95.21%.

Which has better risk-adjusted returns?

TRGP currently has the higher Sharpe Ratio (2.30 vs 1.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.