---
schema_version: "secwatch.filing_event.v1"
accession: "0001534504-22-000067"
form_type: "8-K"
ticker: "PBF"
cik: "0001534504"
company_name: "PBF Energy Inc."
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-23T00:02:01.965064+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# PBF Energy Q3 operating income surges to $1.4B; reinstates $0.20 quarterly dividend

## Summary
- Q3 income from operations $1,400.0M vs $100.9M YoY; net income $1,056.4M ($8.40/share) vs $59.1M ($0.49/share).
- Reinstates quarterly dividend of $0.20/share, payable Nov 29, 2022 to holders of record Nov 14.
- Net debt to capitalization reduced to 1% from 59% at year-end 2021; consolidated debt reduced by over $2.6B.
- Expected Q4 2022 total throughput 945,000-1,005,000 bpd; FY2022 refining capex $550-575M (excl. renewable diesel).
- PBF Logistics merger expected to close in Q4 2022; renewable diesel project on track for H1 2023 production, $103M invested in Q3.

## SEC filing metadata
- accession: 0001534504-22-000067
- form_type: 8-K
- ticker: PBF
- cik: 0001534504
- company_name: PBF Energy Inc.
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534504/000153450422000067/0001534504-22-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534504/000153450422000067/pbf-20221027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001534504-22-000067
- JSON: https://secwatch.observer/filing/0001534504-22-000067.json
- Plain text: https://secwatch.observer/filing/0001534504-22-000067.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.