PBF
PBF Energy Inc.26.64
-3.29-11%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
3.09BP/E (TTM)
-Basic EPS (TTM)
-4.59Dividend Yield
0.04%Recent Filings
8-K
8-K
CFO transition announced
PBF Energy's CFO Karen B. Davis retires effective September 30, 2025, after 14 years of service, with no disagreements noted. Treasurer Joseph Marino, 46, steps up as the new CFO on October 1, bringing internal expertise from roles since 2011 and prior EY stints in oil and gas. Davis rejoins the board that day, ensuring continuity. Smooth handover.
8-K
PBF Q2 earnings amid refinery recovery
PBF Energy swung to Q2 income from operations of $43 million, boosted by $189 million in insurance gains from the February Martinez refinery fire, yet posted a $110 million loss excluding special items amid narrow feedstock differentials. Partial Martinez operations resumed at 85,000-105,000 barrels per day, with full restart eyed by year-end; the company also agreed to sell Philadelphia and Knoxville terminals for $175 million, closing in Q3. RBI initiative targets over $200 million in annualized cost savings by 2025 end. Martinez repairs hinge on regulatory approvals.
10-Q
Q2 FY2025 results
PBF Energy posted Q2 revenue of $7.5B, down 14% y/y on softer hydrocarbon prices, yet gross refining margin held steady at $8.38 per barrel amid mixed regional crack spreads. The Martinez refinery fire weighed on throughput, dropping 9% y/y to 839k bpd, but a $189M insurance gain cushioned the blow, flipping operations to a slim $43M profit versus last year's $75M loss. Cash climbed to $591M, bolstered by $800M in 9.875% notes due 2030, while free cash flow turned negative at -$841M (derived) from heavy turnaround spending. Debt rose to $2.4B, but liquidity exceeds $2.3B. Regulatory probes into the fire add uncertainty.
8-K
Annual meeting results
PBF Energy's stockholders overwhelmingly elected all nine director nominees at the April 29, 2025 annual meeting, with Lawrence M. Ziemba facing the stiffest opposition at 77% support. They ratified KPMG as auditors for 2025, approved executive pay, and endorsed annual say-on-pay votes. The 2025 Equity Incentive Plan passed handily. Board continuity holds firm.
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