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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 (NYSE: PBF) reported third quarter 2025 income from operations of $285.9 million and net income attributable to PBF of $170.1 million ($1.45 per share), versus losses a year earlier. Excluding special items the quarter showed an adjusted fully-converted net loss of $60.3 million. The company declared a $0.275 per share quarterly dividend payable Nov 26, 2025.
PBF closed the sale of two non-core terminals for $175.4 million, received a second unallocated insurance installment of $250 million (total unallocated net insurance reimbursements of $500 million), and targets >$230 million of annualized RBI savings by year-end 2025.
PBF Energy (NYSE:PBF) has successfully completed the sale of two refined product terminal facilities for $175 million in cash. The transaction, which closed on September 30, 2025, involves terminals located in Philadelphia, PA and Knoxville, TN, comprising 38 storage tanks with approximately 1.9 million barrels of storage capacity and associated truck racks.
The sale, initially agreed upon on April 30, 2025, represents a strategic move to monetize non-core assets and enhance the company's liquidity position. The transaction was facilitated by Barclays, who served as the exclusive financial advisor to PBF Energy.
PBF Energy (NYSE:PBF) has scheduled its third quarter 2025 earnings release for Thursday, October 30, 2025. Following the release, the company will host a conference call and webcast at 8:30 a.m. ET to discuss the quarterly results and other business matters.
Investors can access the webcast through PBF Energy's website at pbfenergy.com or join via phone by dialing (800) 549-8228 or (646) 564-2877. An audio replay will be made available on the company's website approximately two hours after the call concludes.
PBF Energy (NYSE:PBF) has announced a significant leadership transition, with Joseph Marino appointed as Chief Financial Officer effective October 1, 2025, succeeding Karen B. Davis who will retire from her executive role. Davis will rejoin the company's Board of Directors, where she previously served from January 2020 through December 2022.
Marino, 46, currently serves as PBF's Treasurer, a position he has held since 2020. He joined the company in 2011 and has held various finance and accounting roles, including Assistant Controller from 2015 to 2020. Prior to PBF, he worked at Ernst & Young LLP, bringing extensive experience in oil and gas, industrial products, retail consumer products, and health science industries.
PBF Energy (NYSE:PBF) announced its participation in the upcoming 2025 Citi Natural Resources Conference, scheduled for August 11-13, 2025. The company's management team will be presenting at the event, and any presentation materials will be accessible to investors through the Investor Relations section of PBF Energy's website.
PBF Energy (NYSE:PBF) reported Q2 2025 results with income from operations of $43.0 million, compared to a loss of $74.6 million in Q2 2024. Excluding special items, the company posted a Q2 2025 loss from operations of $110.0 million. Net loss was $5.4 million, or $(0.05) per share.
The company declared a quarterly dividend of $0.275 per share and announced partial restoration of its Martinez refinery operations following a February 2025 fire. The facility is operating at 85,000-105,000 barrels per day, with full operations expected by year-end 2025. Insurance proceeds of $280 million were received.
PBF plans to sell two refined product terminals for $175 million and expects to generate over $200 million in cost savings by end-2025 through its Refinery Business Improvement initiative. The company maintains $591 million in cash and $2.4 billion in total debt.
[ "Received $280 million in insurance proceeds ($250 million net) for Martinez fire damage", "Expected cost savings of over $200 million by end-2025 and $350 million by end-2026", "Strategic sale of two terminal facilities for $175 million", "Maintains strong liquidity with $591 million cash position", "Performance improved across all regions in Q2", "St. Bernard Renewables averaged 14,200 barrels per day of renewable diesel production" ]PBF Energy (NYSE: PBF) has announced its management team's upcoming participation in two industry conferences. The team will attend the Goldman Sachs Tenth Annual Leveraged Finance Conference on May 28-29, 2025, and the Bank of America Energy and Power Credit Conference on June 4, 2025. Any presentation materials from these events will be accessible to investors through the Investor Relations section of PBF Energy's website at www.pbfenergy.com.