Every 10-Q that PBF ENERGY INC. (PBF) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PBF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PBF filings page.
PBF Energy Inc. reported Q2 2026 revenue of $11,678.3 million, up from $7,475.3 million a year earlier, and net income attributable to stockholders of $906.4 million, versus a small loss in Q2 2025. Diluted EPS was $7.54. For the first six months of 2026, revenue was $19,582.6 million and net income attributable to stockholders was $1,104.7 million, compared with a loss in the prior-year period.
Results include a $250.0 million Q2 gain on insurance recoveries and reversal of a $313.0 million LCM inventory reserve recorded at year-end 2025, both boosting income. Operating cash flow for the first half reached $1,265.1 million, ending cash at $894.1 million. Long-term debt declined to $1,749.1 million after issuing $500.0 million of 2034 7.25% Senior Notes and redeeming $801.6 million of 2028 6.00% Senior Notes. Since the February 2025 Martinez refinery fire, cumulative insurance proceeds net of deductibles have totaled $1.25 billion; regulatory investigations remain ongoing. Subsequent to quarter-end, the company agreed to acquire two hydrogen plants at the Torrance refinery via a secured promissory note estimated at $320.0–$340.0 million and declared a quarterly dividend of $0.275 per share.
PBF Energy reported strong improvement for the quarter ended March 31, 2026, moving to net income of $200.2 million from a loss a year earlier. Revenue rose to $7.90 billion, supported by higher refining throughput of 844,200 barrels per day and stronger crack spreads.
Results were boosted by a $313.0 million reversal of a prior lower of cost or market inventory reserve and a $106.5 million gain on insurance recoveries related to the Martinez refinery fire. Excluding these special items, profitability was pressured by higher Renewable Fuel Standard compliance costs and increased interest expense.
Total assets grew to $14.72 billion, long‑term debt rose to $2.80 billion, and cash and cash equivalents stood at $541.8 million. Operating cash flow was negative $323.7 million, reflecting working capital swings from higher receivables and inventories. The company maintained a quarterly dividend of $0.275 per share.
PBF Energy reported Q3 2025 net income of $171.7 million on revenue of $7.65 billion, reversing a loss a year ago as results were boosted by a $250.0 million gain on insurance recoveries related to the Martinez refinery fire and a $94.0 million gain on the sale of two non‑core terminals for $175.4 million.
Cost of sales fell year over year, while operating expenses reflected fire response and restart costs. Operating cash flow was $(444.6) million for the nine months, reflecting working capital movements and the timing of insurance receipts; cash ended at $482.0 million. Long‑term debt rose to $2.39 billion, including issuance of $800.0 million 9.875% senior notes due 2030. The company paid quarterly dividends of $0.275 per share in March, May, and August.
As of September 30, 2025, PBF held $2.74 billion of inventories and recorded $613.5 million in renewable energy credit and emissions obligations. Shares outstanding were 115,851,545 Class A at quarter‑end; 115,847,488 Class A were outstanding as of October 24, 2025.
PBF Energy (PBF) posted a weak Q2-25 as the Martinez refinery fire and softer crack spreads dragged results. Revenue fell 14.5% YoY to $7.48 bn and six-month sales dropped 16% to $14.54 bn. A $189 mm insurance gain tied to the Martinez incident limited the quarterly net loss to $5.2 mm (-$0.05/sh) versus a $65 mm loss last year, but YTD loss widened to $407 mm (-$3.58/sh) compared with a $41 mm profit in 1H-24.
Cash & leverage: Cash rose to $590.7 mm, aided by a $250 mm insurance advance, yet operating cash flow swung to a use of $470 mm (vs. +$441 mm). PBF issued $800 mm 9.875% senior notes, lifting long-term debt to $2.39 bn (vs. $1.46 bn 12/24) and interest expense to $53.8 mm for the quarter. Net debt/total capital is now ~27%.
Martinez update: Units unaffected by the 1-Feb fire restarted in April; full restart targeted by year-end 2025. The company incurred $108.5 mm in fire-related OPEX YTD and expects most repair costs to be covered by property and business-interruption insurance (subject to a $30 mm deductible and 60-day BI waiting period).
Other highlights:
- Quarterly dividend maintained at $0.275/sh; no Q2 buybacks (remaining authorization $ ~700 mm).
- RIN & emissions obligation grew to $521 mm.
- Working-capital build and higher turnaround spend drove negative free cash flow.
Outlook: Key swing factors are timing of Martinez restart, insurance reimbursements, crack spread recovery and RIN pricing. Management affirms compliance with all debt covenants.