Highest-materiality recent filing
PBF Energy Q1 GAAP net income $198.3M ($1.65/sh); adj loss $0.88/sh, dividend $0.275
GAAP net income of $198.3M ($1.65 EPS) vs Q1 2025 net loss of $401.8M (-$3.53); ops income $299.6M.
PBF Energy shareholders elect all 11 directors, approve all proposals at 2026 annual meeting
All 11 director nominees elected with at least 83.1M votes in favor; Lawrence M. Ziemba had highest against count at 13.9M.
Q4 income from operations $128.0M (ex-specials $99.4M); net income $78.4M ($0.66/share) vs Q4 2024 loss of $289.3M ($2.54/share loss).
PBF delays Martinez restart to March 2026; issues 2026 throughput guidance
Martinez refinery restart delayed to early March 2026; previously expected year-end 2025.
PBF Energy reports Q3 net income of $171.7M vs year-ago loss; declares $0.275 dividend
Net income $171.7M ($1.45/share) vs net loss $289.1M ($(2.49)/share) in Q3 2024.
PBF Energy approves long-term incentive grants to named executives; CEO Lucey gets $5.8M total
CEO Matthew Lucey: $2.3M restricted stock, $1.73M PSUs, $1.73M performance units; total ~$5.8M.
PBF Energy CFO Karen Davis to retire Sept 30; Treasurer Joseph Marino named successor
Karen B. Davis retires as CFO/CAO effective Sept 30, 2025; will join Board as non-independent director Oct 1.
PBF Energy Q2 net loss $5.2M ($0.05/sh); adj. loss $1.03/sh; declares $0.275 dividend
Q2 2025 GAAP income from operations $43.0M; adjusted loss from ops $110.0M; net loss $5.2M ($0.05/sh) vs loss $65.2M ($0.56/sh) in Q2 2024.
PBF Energy stockholders elect all 10 directors, approve say-on-pay and 2025 equity plan
All 10 director nominees elected; Lawrence Ziemba received 76.0M for, 22.7M against.
PBF Energy Q1 2025 loss from operations $511.2M; declares $0.275 dividend, sells terminals for $175M
Q1 2025 loss from operations $511.2M vs income $145.1M in Q1 2024; net loss $401.8M ($3.53/share).
PBF Energy closes $800M 9.875% senior notes offering due 2030, proceeds to repay revolver
Issued $800M aggregate principal of 9.875% Senior Notes due 2030 at issue price of 98.563%.
PBF Energy subsidiary prices $800M 9.875% senior notes due 2030
Upsized $800M aggregate principal of 9.875% senior unsecured notes due 2030 priced at 98.563%.
PBF Energy announces $750M senior notes offering due 2030 to repay ABL borrowings
PBF Holding and PBF Finance to offer $750M aggregate principal of senior unsecured notes due 2030.
Employment agreement with Thomas Nimbley will terminate on June 30, 2025, ending his employment.
PBF Energy intends to restart Martinez refinery in two stages; insurance coverage expected
Refinery (157,000 bpd) shut since Feb 1 fire; crude unit restart early Q2 2025, full restart by Q4 2025.
PBF Energy Q4 loss $383.2M, dividend $0.275, Martinez refinery fire
Q4 loss from operations $383.2M vs $47.2M loss in Q4 2023; net loss $289.3M ($2.54/share).
PBF Energy issues FY2025 guidance in investor presentation; figures not disclosed in filing
Issued investor presentation with 2025 financial guidance on January 3, 2025.
PBF grants ~$15.8M in long-term equity and cash incentive awards to named executives for 2025-2027
Approximately $7.4M in restricted stock granted to CEO, Executive Chairman, and four other named executive officers.
PBF Energy Q3 net loss $289.1M; dividend up 10% to $0.275
Q3 loss from operations of $386.3M vs income of $1,077.1M in Q3 2023.
PBF Energy Q2 2024 net loss $0.56/share vs profit $7.88 last year; declares $0.25 dividend
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.
PBF Energy Q1 operating income falls to $145M from $532M; EPS $0.86 vs $2.86
Net income $106.6M ($0.86/sh) vs $382.1M ($2.86/sh) in Q1 2023; adjusted EPS $0.85.
PBF Energy annual meeting elects directors; say-on-pay and auditor ratification approved
All 10 director nominees elected; Spencer Abraham received 17.3M against votes and S. Eugene Edwards 16.8M against.
PBF Energy dismisses Deloitte as auditor, appoints KPMG for FY 2024
Audit Committee notified Deloitte of dismissal effective after completing 2023 audit on Feb 15, 2024; no disagreements or reportable events.
PBF Energy reports Q4 loss of $48.4M; declares $0.25 dividend and adds $750M buyback authorization
Q4 net loss $48.4M ($0.40/share) vs net income $637.8M ($4.86/share) in Q4 2022.
Director Wayne Budd to retire, will not seek re-election at 2024 annual meeting
Wayne Budd, Chairman of Nominating & Governance Committee, notified PBF Energy on Jan 31, 2024.
PBF Energy issues 2024 financial guidance; no specific figures provided
PBF Energy announced FY2024 financial guidance on January 2, 2024.
PBF Energy Q3 net income $786.4M, EPS $6.11; dividend raised 25% to $0.25
Q3 income from operations $1,077.1M ($1,145.6M excl. special items); YoY decline from $1,400M.
PBF grants long-term incentive awards to NEOs for 2024-2026 cycle
Awards include restricted stock, performance share units, and cash performance units vesting Dec 31, 2026.
PBF Energy enters into $3.5B amended revolving credit facility maturing Aug 2028
New $3.5B asset-based revolving credit agreement replaces existing 2018 credit facility.
PBF issues $500M of 7.875% senior notes due 2030; proceeds to refinance existing 7.25% notes
Issued $500M aggregate principal 7.875% Senior Notes due 2030 at 99.324% of par.
PBF Energy prices $500M of 7.875% senior notes due 2030; proceeds to redeem 2025 notes
$500M aggregate principal at 7.875% interest, due 2030, issue price 99.324%.
PBF Holding to offer $500M senior notes due 2030 to refinance 7.25% notes due 2025
$500M aggregate principal of senior unsecured notes due 2030 in private offering.
PBF Energy Q2 adjusted EPS $2.29; closes Eni biorefinery partnership; declares $0.20 dividend
Q2 net income $1,020.4M ($7.88/sh); adjusted fully-converted EPS $2.29 vs $10.58 YoY.
Second amendment to Third A&R Inventory Intermediation Agreement with J. Aron (Goldman Sachs subsidiary) executed June 28, 2023.
PBF and Eni Sustainable Mobility form 50-50 JV at St. Bernard biorefinery; Eni pays $431M at close
Eni commits $835M total; $431M paid at closing; $50M contingent on milestones.
PBF Energy Q1 2023 net income $382M ($2.86/share) vs loss; dividend $0.20; buyback to $1B
Q1 net income attributable $382.1M ($2.86/diluted share) vs net loss of $21.1M (-$0.18) in Q1 2022.
PBF Energy CEO transition: Nimbley to Executive Chairman, Lucey named CEO effective July 1, 2023
CEO Tom Nimbley transitions to Executive Chairman effective July 1, 2023; base salary reduced from $1.5M to $1.2M.
PBF Energy Controller John Barone to resign effective May 11, 2023
John Barone, Controller and Principal Accounting Officer, resigns effective May 11, 2023.
PBF Energy appoints Georganne Hodges and Damian Wilmot as independent directors
Appointments effective March 15, 2023; both join Audit and Nominating/Governance committees.
PBF Energy and Eni form 50-50 JV for St. Bernard biorefinery; Eni to contribute up to $885M
Eni contributes $835M plus up to $50M milestone-based; PBF contributes biorefinery assets.
PBF Energy appoints Karen B. Davis as CFO effective Feb 20, 2023
Davis previously served as interim CFO since January 1, 2023; now confirmed as SVP, CFO.
Q4 income from operations $955.6M ($873.0M ex-special items); net income $637.8M ($4.86 per share).
Director Karen Davis resigns to become interim CFO; Lawrence Ziemba appointed to PBF board
Karen B. Davis resigns from board effective Dec 31, 2022, to become interim CFO starting Jan 1, 2023; no disagreement cited.
PBF Energy authorizes $500M share repurchase program through Dec 2024
Board of Directors authorized up to $500 million repurchase of PBF Class A common stock.
PBF Energy appoints Karen B. Davis as Interim CFO effective Jan 1, 2023
Karen B. Davis named Interim CFO, effective Jan 1, 2023, replacing outgoing CFO. She resigns from Board on Dec 31, 2022.
PBF Energy completes acquisition of PBF Logistics for $9.25/sh + 0.270 stock
PBF Energy acquired all publicly held PBFX common units in merger effective Nov. 30, 2022.
PBF Energy CFO C. Erik Young resigns, director Robert Lavinia retires
CFO C. Erik Young resigns effective Dec 20, 2022 to pursue other opportunities; no disagreement cited.
PBF Energy Q3 operating income surges to $1.4B; reinstates $0.20 quarterly dividend
Q3 income from operations $1,400.0M vs $100.9M YoY; net income $1,056.4M ($8.40/share) vs $59.1M ($0.49/share).
PBF Energy to acquire PBF Logistics for 0.270 shares + $9.25 cash per unit (13.2% premium)
Each public PBFX unit converts to 0.270 PBF Energy shares + $9.25 cash; $5M termination fee if PBFX changes recommendation.
PBF Energy Q2 income from operations $1.7B, EPS $9.65; announces acquisition of PBF Logistics units
Q2 2022 income from operations $1,706.6M vs $147.5M YoY; net income $1,235.8M ($9.65/share).
On March 10, 2025, subject to his re-election at the 2025 Annual Meeting, the Board of Directors of PBF Energy approved Mr. Nimbley’s appointment as PBF Energy’s non-executive Chairman of the Board effective July 1, 2025 (the “Effective Date”).
On January 31, 2024, Wayne Budd, the Chairman of the Nominating and Corporate Governance Committee of the Board of Directors of PBF Energy Inc. (the “Company”) and a member of the Compensation Committee, informed the Company that he will not seek re-election as a director at the Company’s 2024 Annual Meeting of Stockholders.
The Board of Directors of the Company has appointed Matthew Lucey to become President and Chief Executive Officer and a member of the Board of Directors, in each case, effective as of the Effective Date.
PBF Energy Inc. (the “Company”) announced today that Thomas Nimbley will be transitioning from his position as Chief Executive Officer of the Company effective July 1, 2023 (the “Effective Date”).
John Barone, Controller and Principal Accounting Officer of PBF Energy Inc. (the “Company”) and its subsidiaries, informed the Company of his intention to resign effective May 11, 2023
On March 9, 2023, the Board appointed Georganne Hodges and Damian W. Wilmot as independent directors effective as of March 15, 2023.
On March 9, 2023, the Board appointed Georganne Hodges and Damian W. Wilmot as independent directors effective as of March 15, 2023.
On February 14, 2023, the Board of Directors of PBF Energy Inc. (the “Company”) approved the appointment of Karen B. Davis as Senior Vice President, Chief Financial Officer of the Company, effective February 20, 2023
On December 19, 2022, the Board appointed Lawrence Ziemba as an independent director effective as of January 1, 2023.
she will commence her role as the Company's interim Chief Financial Officer effective January 1, 2023.
On December 16, 2022, Karen B. Davis, an independent director and Chairperson of the Audit Committee of the Board of Directors (the “Board”) of PBF Energy Inc. (the “Company”) informed the Company that she is resigning from the Board effective as of the close of business on December 31, 2022.
On December 7, 2022, PBF Energy Inc. (the “Company”) announced the appointment of Karen B. Davis as Interim Chief Financial Officer of the Company, effective January 1, 2023
Max materiality 0.90 · Median 0.62 · Most common event earnings