secwatch.observer — SEC 8-K summary
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Issuer:     PBF Energy Inc. (PBF)
CIK:        0001534504
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001534504-24-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534504/000153450424000009/0001534504-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534504/000153450424000009/pbf-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001534504-24-000009

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