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PBF Energy Inc. reports news on its independent petroleum refining business, including refinery operations, financial results, throughput guidance, dividend declarations and investor conference participation. The company operates oil refineries and related facilities through subsidiaries in California, Delaware, Louisiana, New Jersey and Ohio, and supplies transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products.
Recurring updates also address operational reliability, turnaround activity, the Martinez refinery, market conditions affecting refining margins and PBF Energy's 50% interest in the St. Bernard Renewables joint venture focused on next generation sustainable fuels.
PBF Energy (PBF) plans a private offering of $500 million aggregate principal amount of senior, unsecured exchangeable notes due January 15, 2032, subject to market conditions.
The notes will be co-issued by PBF Holding Company and PBF Finance, with an option for initial purchasers to buy up to an additional $50 million. They will be guaranteed on a senior unsecured basis by certain PBF Holding subsidiaries that guarantee its existing senior unsecured notes, but not by PBF Energy. Holders may exchange in specified periods, with settlement in cash up to principal and, at the issuers’ election, cash, PBF Energy Class A common stock, or both for any excess.
PBF intends to use net proceeds to pay for capped call transactions and, with available cash, to repay or redeem all outstanding 7.875% senior unsecured notes due 2030. The offering will be made only to qualified institutional buyers under Rule 144A.
PBF Energy (NYSE: PBF) reported second quarter 2026 income from operations of $1,272.1 million, up from $43.0 million a year earlier. Excluding special items, income from operations was $1,054.0 million versus a loss of $110.0 million in 2025. Net income was $915.0 million, or $7.54 diluted EPS, compared with a net loss of $5.4 million, or $(0.05) per share. Adjusted fully-converted net income excluding special items was $753.1 million, or $6.22 per share, versus an adjusted loss of $118.5 million in 2025.
According to PBF Energy, the company reduced gross debt by over $1 billion and cut net debt by over 62% in the quarter, ending with $894 million of cash, $1,749 million of total debt and $855 million of net debt. PBF received a $250 million fifth installment of Martinez fire insurance proceeds, bringing total unallocated reimbursements to $1.25 billion, and completed the Martinez refinery restart in May 2026. The board declared a quarterly dividend of $0.275 per share, payable August 28, 2026, to shareholders of record on August 14, 2026. 2026 capital expenditure guidance was reduced to $825–$875 million (excluding Martinez rebuild), and third quarter throughput is expected between 900,000 and 960,000 bpd. Renewable diesel output at St. Bernard Renewables averaged 15,100 bpd in Q2, with third quarter expectations of 18,000–20,000 bpd.
PBF Energy (NYSE:PBF) will release its second quarter 2026 earnings results on Thursday, July 30, 2026. Management will discuss results and other business matters on a conference call and webcast at 8:30 a.m. ET, accessible via PBF Energy's website and designated dial-in numbers.
PBF Energy (NYSE:PBF) announced that its management team will participate in the Bank of America Energy and Power Credit Conference on June 3, 2026. Any related presentation materials will be posted in the Investor Relations section of the PBF Energy website.
PBF Energy (NYSE:PBF) announced that subsidiary PBF Holding has priced $500 million of 7.25% senior notes due 2034 in a private offering, expected to close May 28, 2026.
PBF Holding plans to use proceeds and cash to redeem all $801.6 million of its 6.00% notes due 2028, with a conditional redemption date of June 25, 2026.
PBF Energy (NYSE:PBF) announced that indirect subsidiary PBF Holding plans a private offering of $500 million senior notes due 2034, co-issued with PBF Finance Corporation, subject to market and other conditions.
PBF Holding intends to use net proceeds and cash to redeem its outstanding 6.00% Senior Notes due 2028 in full.
PBF Energy (NYSE: PBF) reported Q1 2026 income from operations of $299.6 million and net income of $200.2 million (net income attributable to PBF of $198.3 million, or $1.65 per share). Adjusted fully-converted loss excluding special items was $102.4 million or $(0.88) per share.
The company declared a quarterly dividend of $0.275 per share payable May 29, 2026, and said the Martinez refinery restart is progressing with full planned rates expected in early May. PBF received a fourth unallocated insurance installment of $106.5 million, totaling $1.0 billion received to date. Cash was ~$542 million and net debt ~$2.3 billion. Q2 throughput guidance: 850,000–910,000 bpd.
PBF Energy (NYSE:PBF) will release first quarter 2026 earnings on Thursday, April 30, 2026. The company will host a conference call and webcast on April 30, 2026 at 8:30 a.m. ET to discuss results and other business matters.
Investors can access the live webcast on the company website or dial (800) 549-8228 or (646) 564-2877; an audio replay will be posted roughly two hours after the call.
PBF Energy (NYSE:PBF) said members of its management team will participate in the Piper Sandler Energy Conference on March 16-17, 2026. The company said any presentation materials will be made available on PBF Energy's Investor Relations website at www.pbfenergy.com.
PBF Energy (NYSE:PBF) said members of its management team will participate in three investor conferences: the Scotiabank Global Energy Conference on February 25, 2026, the Raymond James Institutional Investor Conference on March 2-3, 2026, and the Wolfe Research Refining Conference on March 5, 2026.
Any presentation materials will be posted on PBF Energy's Investor Relations website.