secwatch.observer — SEC 8-K summary
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Issuer:     PBF Energy Inc. (PBF)
CIK:        0001534504
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001534504-24-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PBF Energy Q2 2024 net loss $0.56/share vs profit $7.88 last year; declares $0.25 dividend
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- Q2 2024 loss from operations $74.6M vs income $1,389.2M in Q2 2023; net loss $66.0M, EPS $(0.56) vs net income $1,030.4M, EPS $7.88.
- Adjusted fully-converted net loss $64.2M ($0.54/share) vs adjusted net income $298.3M ($2.29) in prior year.
- Declares quarterly dividend $0.25/share, payable Aug 29, 2024 to holders of record Aug 15 (unchanged from prior).
- Repurchased ~2.0M shares for ~$100M in Q2 2024; maintained strong cash position of ~$1.4B.
- Q3 2024 throughput guidance 885,000-945,000 bpd; full-year refining capex ~$850M; SBR renewable diesel avg 16,500 bpd in Q2, Q3 affected by catalyst change.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534504/000153450424000031/0001534504-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534504/000153450424000031/pbf-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001534504-24-000031

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