secwatch.observer — SEC 8-K summary
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Issuer:     PBF Energy Inc. (PBF)
CIK:        0001534504
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001534504-23-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PBF Energy Q2 adjusted EPS $2.29; closes Eni biorefinery partnership; declares $0.20 dividend
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- Q2 net income $1,020.4M ($7.88/sh); adjusted fully-converted EPS $2.29 vs $10.58 YoY.
- Closed Eni 50-50 biorefinery partnership; received $431M at close in Q2 and $414.6M in Q3.
- St. Bernard Renewables operational; first renewable diesel sold in July 2023.
- Repurchased ~$440M in shares (11.3M shares) to date, including $100M in Q2.
- Declared $0.20/share quarterly dividend payable Aug 31 to holders of record Aug 17.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534504/000153450423000041/0001534504-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534504/000153450423000041/pbf-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001534504-23-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer