secwatch.observer — SEC 8-K summary
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Issuer:     PBF Energy Inc. (PBF)
CIK:        0001534504
Form:       8-K
Filed at:   2025-03-06T23:59:59+00:00
Accession:  0001534504-25-000019
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PBF Energy intends to restart Martinez refinery in two stages; insurance coverage expected
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- Refinery (157,000 bpd) shut since Feb 1 fire; crude unit restart early Q2 2025, full restart by Q4 2025.
- Stage-one throughput: 85,000–105,000 bpd, limited gasoline, jet fuel, and intermediates production.
- Repair costs largely covered by insurance, subject to $30M deductible/retentions.
- Business interruption insurance from April 3, 2025, to offset lost margin and ongoing costs.
- Restart timing depends on permits, equipment availability, and regulatory approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534504/000153450425000019/0001534504-25-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534504/000153450425000019/pbf-20250306.htm
  HTML page:      https://secwatch.observer/filing/0001534504-25-000019

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