---
schema_version: "secwatch.filing_event.v1"
accession: "0001534504-23-000022"
form_type: "8-K"
ticker: "PBF"
cik: "0001534504"
company_name: "PBF Energy Inc."
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T16:41:09.715315+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PBF Energy Q1 2023 net income $382M ($2.86/share) vs loss; dividend $0.20; buyback to $1B

## Summary
- Q1 net income attributable $382.1M ($2.86/diluted share) vs net loss of $21.1M (-$0.18) in Q1 2022.
- Declared Q dividend $0.20/share, payable May 31, record May 17.
- Share repurchase authorization increased to $1.0B ($346M repurchased to date, program extended to Dec 2025).
- Reduced consolidated debt by $525M in Q1 and $2.8B over trailing 12 months; net debt/cap effectively zero.
- St. Bernard Renewables JV with Eni (50-50); Eni contributes $835M; closing expected Q2/Q3 2023; RD unit mechanically complete.

## SEC filing metadata
- accession: 0001534504-23-000022
- form_type: 8-K
- ticker: PBF
- cik: 0001534504
- company_name: PBF Energy Inc.
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534504/000153450423000022/0001534504-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534504/000153450423000022/pbf-20230505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001534504-23-000022
- JSON: https://secwatch.observer/filing/0001534504-23-000022.json
- Plain text: https://secwatch.observer/filing/0001534504-23-000022.txt

## Key facts
- Earnings Releases
  PBF Energy Inc. reported first quarter ended March 31, 2023 results: net income $385.9 million, EPS $2.86 per share.
  - Period: first quarter ended March 31, 2023
  - Net income: $385.9 million
  - EPS: $2.86 per share
  - Result: reported results
  source text: The company reported first quarter 2023 net income of $385.9 million and net income attributable to PBF Energy Inc. of $382.1 million or $2.86 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534504/000153450423000022/0001534504-23-000022-index.htm

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