secwatch.observer — SEC 8-K summary
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Issuer:     PBF Energy Inc. (PBF)
CIK:        0001534504
Form:       8-K
Filed at:   2026-01-05T23:59:59+00:00
Accession:  0001534504-26-000004
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PBF delays Martinez restart to March 2026; issues 2026 throughput guidance
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- Martinez refinery restart delayed to early March 2026; previously expected year-end 2025.
- Current operations at 85,000-105,000 bpd vs 157,000 bpd capacity; fire-related costs largely insured.
- $893.5M in insurance proceeds received in 2025 (net of $30M deductibles); Q4 installment $393.5M.
- 2026 throughput guidance: West Coast 280k-300k bpd; East Coast 300k-320k; Gulf Coast 170k-180k; Mid-continent 135k-145k.
- Planned 2026 turnarounds: West Coast (Q1, Q2), Gulf Coast (Q4), East Coast (Q4), Mid-continent (Q4).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534504/000153450426000004/0001534504-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534504/000153450426000004/pbf-20260102.htm
  HTML page:      https://secwatch.observer/filing/0001534504-26-000004

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