Earnings summaries and quarterly performance for PBF Energy.
Executive leadership at PBF Energy.
Matthew C. Lucey
Detailed
President and Chief Executive Officer
CEO
JM
Joseph Marino
Detailed
Senior Vice President and Chief Financial Officer
MA
Michael A. Bukowski
Detailed
Senior Vice President, Head of Refining
SA
Steven Andriola
Detailed
Chief Accounting Officer
TP
T. Paul Davis
Detailed
Senior Vice President, Supply, Trading and Optimization
TM
Trecia M. Canty
Detailed
Senior Vice President, General Counsel and Secretary
Board of directors at PBF Energy.
DW
Damian W. Wilmot
Detailed
Director
GH
Georganne Hodges
Detailed
Director
GE
George E. Ogden
Detailed
Director
KB
Karen B. Davis
Detailed
Director
KS
Kimberly S. Lubel
Detailed
Director
LM
Lawrence M. Ziemba
Detailed
Director
PJ
Paul J. Donahue, Jr.
Detailed
Director
SE
S. Eugene Edwards
Detailed
Lead Director
SA
Spencer Abraham
Detailed
Director
TJ
Thomas J. Nimbley
Detailed
Non-Executive Chairman of the Board
Research analysts who have asked questions during PBF Energy earnings calls.
JG
Jason Gabelman
TD Cowen
6 questions for PBF
Also covers: BP, CLMT, CLNE +20 more
MG
Manav Gupta
UBS Group
6 questions for PBF
Also covers: ADM, AMTX, BE +35 more
PC
Paul Cheng
Scotiabank
6 questions for PBF
Also covers: APA, BP, CLNE +20 more
RT
Ryan Todd
Simmons Energy
6 questions for PBF
Also covers: BP, COP, CVX +9 more
Neil Mehta
Goldman Sachs
4 questions for PBF
Also covers: AESI, APA, AR +36 more
DL
Doug Leggate
Wolfe Research
3 questions for PBF
Also covers: APA, AR, BP +23 more
RR
Roger Read
Wells Fargo & Company
3 questions for PBF
Also covers: APA, AR, BP +22 more
JR
John Royall
JPMorgan Chase & Co.
2 questions for PBF
Also covers: CASY, CNQ, CVE +13 more
MA
Matt Amil
Goldman Sachs
2 questions for PBF
Matthew Blair
Tudor, Pickering, Holt & Co.
2 questions for PBF
Also covers: AMTX, BG, CE +20 more
Phillip Jungwirth
BMO Capital Markets
2 questions for PBF
Also covers: AR, CIVI, COP +21 more
CF
Connor Fitzpatrick
Bank of America
1 question for PBF
Also covers: DAR
Conor Fitzpatrick
Bank of America Merrill Lynch
1 question for PBF
Also covers: CLMT, DAR, MPC
DG
Douglas George Blyth Leggate
Wolfe Research
1 question for PBF
Also covers: APA, BP, COP +18 more
Joe Laetsch
Morgan Stanley
1 question for PBF
Also covers: DINO, DK, MPC +2 more
JA
John Abbott
Wolfe Research
1 question for PBF
Also covers: AR, CHRD, CIVI +10 more
Joseph Laetsch
Morgan Stanley
1 question for PBF
Also covers: DINO, DK, PSX +1 more
Recent press releases and 8-K filings for PBF.
PBF Energy Reports Q4 2025 Results, Martinez Refinery Nears Restart, and Outlines 2026 Outlook
PBF
Earnings
Guidance Update
New Projects/Investments
- PBF Energy reported adjusted net income of $0.49 per share and adjusted EBITDA of $258 million for Q4 2025, concluding the quarter with $528 million in cash and $1.6 billion of net debt.
- The Martinez refinery is set to be fully operational in early March 2026, with construction work completing by mid-February 2026. Total insurance recoveries for the Martinez fire reached $894 million in 2025.
- The company achieved $230 million in annualized run rate savings by the end of 2025 through its Refinery Business Improvement (RBI) initiative, with an additional $120 million in savings targeted by the end of 2026, aiming for a total of $350 million.
- Management projects a favorable market in 2026, anticipating benefits from widening sour crude differentials and increased Venezuelan crude supply, which PBF is highly leveraged to.
- PBF's Board of Directors approved a regular quarterly dividend of $0.275 per share.
Feb 12, 2026, 1:30 PM
PBF Energy Reports Q4 2025 Results, Provides Martinez Restart Update and Cost Savings Achievements
PBF
Earnings
Guidance Update
New Projects/Investments
- PBF Energy reported Adjusted Net Income of $0.49 per share and Adjusted EBITDA of $258 million for Q4 2025, with cash flow from operations at $367 million. The company also approved a regular quarterly dividend of $0.275 per share.
- The Martinez refinery is expected to be fully operational in early March 2026, following the completion of construction work this weekend. Total insurance recoveries related to the Martinez fire in 2025 amounted to $894 million.
- The Refinery Business Improvement (RBI) program achieved $230 million in annualized run rate savings by the end of 2025, including $160 million in operating expense reduction and $70 million in capital and turnaround expenditure reduction. An additional $120 million in run rate savings is targeted by the end of 2026, bringing the total to $350 million.
- PBF is well-positioned to benefit from widening sour crude differentials in 2026, driven by factors like Venezuela barrels entering the market, given its high capacity for processing heavy and sour crudes. The California market is also expected to be attractive with tighter product supply and looser crude supply.
Feb 12, 2026, 1:30 PM
PBF Energy Reports Q4 2025 Results and Martinez Refinery Restart Update
PBF
Earnings
Guidance Update
New Projects/Investments
- PBF Energy expects its Martinez refinery to be fully operational in early March 2026, with construction work completed by February 16, 2026.
- For Q4 2025, the company reported adjusted net income of $0.49 per share and adjusted EBITDA of $258 million, with cash flow from operations at $367 million.
- The Refinery Business Improvement (RBI) program achieved $230 million in annualized run rate savings by the end of 2025 and targets an additional $120 million by the end of 2026, for a total of $350 million.
- PBF ended Q4 2025 with $528 million in cash and $1.6 billion in net debt, with a focus on debt reduction in a strong market.
- The company anticipates a strong market in 2026 driven by tight refining balances, demand growth, and widening crude differentials, particularly benefiting PBF due to its high leverage to medium and heavy sours.
Feb 12, 2026, 1:30 PM
PBF Energy Reports Q4 and Full Year 2025 Results, Declares Dividend, and Provides Martinez Refinery Update
PBF
Earnings
Dividends
Guidance Update
- PBF Energy reported Q4 2025 income from operations of $128.0 million, a significant improvement from a loss of $383.2 million in Q4 2024. For the full year 2025, the company reported a loss from operations of $54.3 million.
- The company declared a quarterly dividend of $0.275 per share, payable on March 11, 2026.
- The Martinez refinery restart is on schedule, with construction activities expected to be complete by February 16, 2026, and the Catalytic Cracking Unit start-up anticipated in the first week of March. Insurance reimbursements for fire-related costs totaled $893.5 million in 2025.
- PBF's Refinery Business Improvement (RBI) initiative generated over $230 million in run-rate cost improvements in 2025 and is expected to achieve $350 million by year-end 2026.
Feb 12, 2026, 11:42 AM
PBF Energy Reports Q4 and Full Year 2025 Results, Declares Dividend
PBF
Earnings
Dividends
Guidance Update
- PBF Energy reported Q4 2025 net income attributable to PBF Energy Inc. of $78.4 million ($0.66 per share) and adjusted fully-converted net income, excluding special items, of $57.8 million ($0.49 per share).
- For the full year 2025, the company recorded a net loss attributable to PBF Energy Inc. of $(158.5) million ($(1.39) per share) and an adjusted fully-converted net loss, excluding special items, of $(474.6) million ($(4.13) per share).
- A quarterly dividend of $0.275 per share was declared, payable on March 11, 2026.
- The Martinez refinery restart is on schedule, with construction completion expected by February 16, 2026, and the Catalytic Cracking Unit startup in the first week of March.
- The Refinery Business Improvement (RBI) initiative generated over $230 million in run-rate cost improvements in 2025, targeting $350 million by year-end 2026.
Feb 12, 2026, 11:30 AM
PBF Energy Updates Martinez Refinery Restart and Issues 2026 Guidance
PBF
Guidance Update
New Projects/Investments
- PBF Energy announced that rebuild activities at its 157,000 barrel per day Martinez, California refinery are now expected to progress into February 2026, with planned operating rates anticipated by the beginning of March 2026, a delay from the previously projected year-end 2025 restart.
- The company expects fire-related restoration costs to be largely covered by insurance, subject to a $30 million deductible and retentions, and business interruption insurance is anticipated to significantly offset financial losses. In 2025, PBF received $893.5 million in unallocated insurance reimbursements, including $393.5 million in the fourth quarter.
- PBF Energy issued its 2026 annual guidance, providing expected throughput ranges for its East Coast, Mid-continent, Gulf Coast, and West Coast operations, and outlining its planned turnaround schedule for the year.
Jan 2, 2026, 10:30 PM
PBF Energy Reports Q3 2025 Results, Announces CFO Change, and Provides Martinez Restart Update
PBF
Earnings
CFO Change
Guidance Update
- PBF Energy reported an adjusted net loss of $0.52 per share and adjusted EBITDA of $144.4 million for the third quarter of 2025. The company ended the quarter with $482 million in cash and $1.9 billion of net debt.
- The Martinez refinery is on schedule for a December restart, with plans for it to be fully operational by the end of the year. The company recognized a $250 million gain on insurance recoveries related to the Martinez fire in Q3 2025, with most of it received in Q4.
- Joe Marino has been appointed as the new Chief Financial Officer, and Karen Davis has returned to the Board of Directors.
- The Refining Business Improvement (RBI) program is on track to achieve $230 million in annualized run-rate savings by the end of 2025, with approximately $210 million of these savings already implemented on a run-rate basis as of the third quarter.
Oct 30, 2025, 12:30 PM
PBF Energy Reports Q3 2025 Results and Martinez Refinery Restart Progress
PBF
Earnings
CFO Change
Guidance Update
- PBF Energy reported an adjusted net loss of $0.52 per share and adjusted EBITDA of $144.4 million for the third quarter of 2025.
- The Martinez refinery is on schedule for a December restart, with the company planning for it to be fully operational by the end of the year.
- Joe Marino was introduced as PBF's new Chief Financial Officer, having been with the company since before its 2012 IPO.
- The company is on track to implement $230 million of annualized run-rate savings by the end of 2025 through its Refining Business Improvement (RBI) program, with full realization expected in 2026.
- PBF ended the quarter with $482 million in cash and approximately $1.9 billion of net debt, maintaining approximately $2.1 billion in liquidity.
Oct 30, 2025, 12:30 PM
PBF Energy Reports Q3 2025 Results, Provides Martinez Restart Update, and Announces New CFO
PBF
Earnings
Guidance Update
CFO Change
- PBF Energy reported an adjusted net loss of $0.52 per share and adjusted EBITDA of $144.4 million for Q3 2025.
- The Martinez refinery is on schedule for a December restart and is expected to be fully operational by the end of 2025.
- The Refining Business Improvement (RBI) program is on track to deliver $230 million in annualized run-rate savings by the end of 2025, with approximately $210 million already implemented on a run-rate basis as of Q3.
- The company ended Q3 2025 with $482 million in cash and $1.9 billion of net debt, maintaining $2.1 billion in liquidity.
- Joe Marino was introduced as PBF's new Chief Financial Officer.
Oct 30, 2025, 12:30 PM
PBF Energy Announces Third Quarter 2025 Results and Declares Dividend
PBF
Earnings
Dividends
Guidance Update
- PBF Energy reported Q3 2025 net income of $171.7 million or $1.45 per share, and an adjusted fully-converted net loss of $(60.3) million or $(0.52) per share.
- The company declared a quarterly dividend of $0.275 per share.
- PBF closed the sale of terminal assets for $175.4 million and expects to receive a second unallocated installment of $250 million related to the Martinez Refinery Fire, bringing total unallocated net insurance reimbursements to $500 million.
- The Martinez refinery is planned to restore full operations by year-end 2025, and the company anticipates generating over $230 million in annualized savings by year-end 2025 from its Refinery Business Improvement initiative.
- Full-year capital expenditures are projected to be between $750 million and $775 million, excluding Martinez restoration costs.
Oct 30, 2025, 10:43 AM
Quarterly earnings call transcripts for PBF Energy.
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