---
schema_version: "secwatch.filing_event.v1"
accession: "0001534504-24-000022"
form_type: "8-K"
ticker: "PBF"
cik: "0001534504"
company_name: "PBF Energy Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:26:28.813652+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PBF Energy Q1 operating income falls to $145M from $532M; EPS $0.86 vs $2.86

## Summary
- Net income $106.6M ($0.86/sh) vs $382.1M ($2.86/sh) in Q1 2023; adjusted EPS $0.85.
- Declared $0.25/sh quarterly dividend, payable May 30 to holders of record May 16.
- Repurchased 2.6M shares for ~$125M in Q1.
- SBR renewable diesel averaged 18,000 bpd; CARB provisional CI approval improves economics.
- Q2 throughput guidance 870,000-930,000 bpd; full-year refining capex $800-850M.

## SEC filing metadata
- accession: 0001534504-24-000022
- form_type: 8-K
- ticker: PBF
- cik: 0001534504
- company_name: PBF Energy Inc.
- filed_at: 2024-05-02T23:59:59+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/1534504/000153450424000022/0001534504-24-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534504/000153450424000022/pbf-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001534504-24-000022
- JSON: https://secwatch.observer/filing/0001534504-24-000022.json
- Plain text: https://secwatch.observer/filing/0001534504-24-000022.txt

## Key facts
- Earnings Releases
  PBF Energy Inc. reported the first quarter ended March 31, 2024 results: net income $107.5 million, EPS $0.86 per share.
  - Period: the first quarter ended March 31, 2024
  - Net income: $107.5 million
  - EPS: $0.86 per share
  - Result: reported results
  source text: The company reported first quarter 2024 net income of $107.5 million and net income attributable to PBF Energy Inc. of $106.6 million or $0.86 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534504/000153450424000022/0001534504-24-000022-index.htm

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