secwatch.observer — SEC 8-K summary
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Issuer:     PBF Energy Inc. (PBF)
CIK:        0001534504
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001534504-25-000027
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PBF Energy Q1 2025 loss from operations $511.2M; declares $0.275 dividend, sells terminals for $175M
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- Q1 2025 loss from operations $511.2M vs income $145.1M in Q1 2024; net loss $401.8M ($3.53/share).
- Partial operations restored at Martinez refinery after Feb fire; full restoration expected in Q4 2025.
- Received $250M net insurance installment for Martinez; property coverage subject to $30M deductible.
- Sold two terminal facilities (Philadelphia and Knoxville) for $175M; includes 1.9M barrels storage.
- Declared quarterly dividend $0.275/share, payable May 29, 2025 to holders on May 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534504/000153450425000027/0001534504-25-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534504/000153450425000027/pbf-20250501.htm
  HTML page:      https://secwatch.observer/filing/0001534504-25-000027

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