---
schema_version: "secwatch.filing_event.v1"
accession: "0001534504-24-000009"
form_type: "8-K"
ticker: "PBF"
cik: "0001534504"
company_name: "PBF Energy Inc."
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:11:45.895267+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PBF Energy reports Q4 loss of $48.4M; declares $0.25 dividend and adds $750M buyback authorization

## Summary
- Q4 net loss $48.4M ($0.40/share) vs net income $637.8M ($4.86/share) in Q4 2022.
- Q4 loss from operations $47.2M; excluding special items loss $46.1M.
- Full-year 2023 income from operations $2,951.5M vs $4,153.2M in 2022.
- Board increased share repurchase authorization by $750M, total over $1B; $150M repurchased in Q4.
- Quarterly dividend $0.25/share payable March 14, 2024 to holders of record Feb 29.

## SEC filing metadata
- accession: 0001534504-24-000009
- form_type: 8-K
- ticker: PBF
- cik: 0001534504
- company_name: PBF Energy Inc.
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534504/000153450424000009/0001534504-24-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534504/000153450424000009/pbf-20240215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001534504-24-000009
- JSON: https://secwatch.observer/filing/0001534504-24-000009.json
- Plain text: https://secwatch.observer/filing/0001534504-24-000009.txt

## Key facts
- Earnings Releases
  PBF Energy Inc. reported financial results for full year ended December 31, 2023.
  - Period: full year ended December 31, 2023
  - Result: reported results
  source text: Income from operations was $2,951.5 million for the year ended December 31, 2023 as compared to income from operations of $4,153.2 million for the year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534504/000153450424000009/0001534504-24-000009-index.htm
- Earnings Releases
  PBF Energy Inc. reported financial results for full year ended December 31, 2022.
  - Period: full year ended December 31, 2022
  - Result: reported results
  source text: Income from operations was $2,951.5 million for the year ended December 31, 2023 as compared to income from operations of $4,153.2 million for the year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534504/000153450424000009/0001534504-24-000009-index.htm
- Earnings Releases
  PBF Energy Inc. reported fourth quarter ended December 31, 2022 results: net income $656.1 million, EPS $4.86 per share.
  - Period: fourth quarter ended December 31, 2022
  - Net income: $656.1 million
  - EPS: $4.86 per share
  - Result: reported results
  source text: This compares to net income of $656.1 million, and net income attributable to PBF Energy Inc. of $637.8 million or $4.86 per share for the fourth quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534504/000153450424000009/0001534504-24-000009-index.htm
- Earnings Releases
  PBF Energy Inc. updated its first quarter 2024 guidance (reaffirmed).
  - Period: first quarter 2024
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Expected throughput ranges (barrels per day) First Quarter 2024 Low High East Coast 270,000 290,000 Mid-continent 100,000 110,000 Gulf Coast 170,000 180,000 West Coast 290,000 310,000 Total 830,000 890,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534504/000153450424000009/0001534504-24-000009-index.htm
- Earnings Releases
  PBF Energy Inc. updated its full year 2024 guidance (reaffirmed).
  - Period: full year 2024
  - Guidance: reaffirmed
  - Result: guidance update
  source text: PBF's total refining system throughput for full-year 2024 is expected to be approximately 895,000 to 955,000 barrels per day.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534504/000153450424000009/0001534504-24-000009-index.htm
- Earnings Releases
  PBF Energy Inc. reported fourth quarter ended December 31, 2023 results: net income $48.4 million net loss, EPS $(0.40) per share.
  - Period: fourth quarter ended December 31, 2023
  - Net income: $48.4 million net loss
  - EPS: $(0.40) per share
  - Result: reported results
  source text: The company reported fourth quarter 2023 net loss of $48.4 million and net loss attributable to PBF Energy Inc. of $48.4 million or $(0.40) per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534504/000153450424000009/0001534504-24-000009-index.htm

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