PBF Energy Inc. — fact timeline

PBF Energy Inc. reported first quarter ended March 31, 2026 results: net income net income of $200.2 million, EPS $1.65 per share.

“The company reported first quarter 2026 net income of $200.2 million and net income attributable to PBF Energy Inc. of $198.3 million or $1.65 per share.”

PBF Energy Inc. incurred senior notes of $800.0 million with Initial Purchasers at 9.875% maturing March 15, 2030.

“issued $800.0 million in aggregate principal amount of 9.875% Senior Notes due 2030”

Thomas J. Nimbley was appointed as non-executive Chairman at PBF Energy Inc..

“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”).”

PBF Energy Inc. reported the first quarter ended March 31, 2024 results: net income $107.5 million, EPS $0.86 per share.

“The company reported first quarter 2024 net income of $107.5 million and net income attributable to PBF Energy Inc. of $106.6 million or $0.86 per share.”

PBF Energy Inc. shareholders approved Advisory vote regarding the 2023 compensation of PBF Energy’s Named Executive Officers at the 2024-04-30 meeting.

“With respect to the advisory vote regarding the 2023 compensation of PBF Energy’s Named Executive Officers, which vote is referred to as the “Say-on-Pay Vote”, the stockholders have approved the compensation of PBF Energy’s Named Executive Officers, with the votes, rounded to the nearest whole share, cast as follows: FOR AGAINST ABSTAIN BROKER NON-VOTE 91,134,824 2,513,608 101,578 7,635,071”

PBF Energy Inc. shareholders approved Ratification of the appointment of KPMG LLP to serve as PBF Energy’s independent registered public accounting firm for 2024 at the 2024-04-30 meeting.

“The ratification of the appointment of KPMG LLP to serve as PBF Energy’s independent registered public accounting firm for 2024 was approved by the stockholders, with the votes, rounded to the nearest whole share, cast as follows: FOR AGAINST ABSTAIN 101,021,962 153,345 209,774”

PBF Energy Inc. shareholders approved Election of Directors at the 2024-04-30 meeting.

“At the Annual Meeting, the stockholders elected each of the following individuals to serve on PBF Energy’s Board of Directors until the 2025 Annual Meeting of Stockholders, or until his or her successor is duly elected and qualified, with the votes, rounded to the nearest whole share, cast as follows: NAME FOR AGAINST ABSTAIN BROKER NON-VOTE Thomas J. Nimbley 92,189,926 1,356,177 203,907 7,635,071 Spencer Abraham 76,192,392 17,345,445 212,173 7,635,071 Paul J. Donahue, Jr. 93,119,624 418,984 211,402 7,635,071 S. Eugene Edwards 76,738,390 16,799,080 212,540 7,635,071 Georganne Hodges 93,325,726 220,767 203,517 7,635,071 Kimberly S. Lubel 92,486,175 1,059,269 204,566 7,635,071 Matthew C. Lucey 93,444,534 100,735 204,741 7,635,071 George E. Ogden 93,308,462 229,037 212,511 7,635,071 Damian W. Wilmot 89,895,338 3,642,348 212,324 7,635,071 Lawrence M. Ziemba 89,243,939 4,299,216 206,855 7,635,071”

PBF Energy Inc. engaged KPMG LLP as its auditor.

“On February 12, 2024, the Audit Committee approved the engagement of KPMG LLP ("KPMG") as its new independent registered public accounting firm.”

PBF Energy Inc. dismissed Deloitte & Touche LLP as its auditor.

“On February 12, 2024, the Audit Committee of the Board of Directors of PBF Energy Inc. ("PBF" or the "Company") notified Deloitte & Touche LLP ("Deloitte") they will be dismissed as PBF’s independent registered public accounting firm upon completion of the 2023 audit, which occurred on February 15, 2024.”

PBF Energy Inc. updated its full year 2024 guidance (reaffirmed).

“PBF's total refining system throughput for full-year 2024 is expected to be approximately 895,000 to 955,000 barrels per day.”

PBF Energy Inc. updated its first quarter 2024 guidance (reaffirmed).

“Expected throughput ranges (barrels per day) First Quarter 2024 Low High East Coast 270,000 290,000 Mid-continent 100,000 110,000 Gulf Coast 170,000 180,000 West Coast 290,000 310,000 Total 830,000 890,000”

PBF Energy Inc. reported financial results for full year ended December 31, 2022.

“Income from operations was $2,951.5 million for the year ended December 31, 2023 as compared to income from operations of $4,153.2 million for the year ended December 31, 2022.”

PBF Energy Inc. reported financial results for full year ended December 31, 2023.

“Income from operations was $2,951.5 million for the year ended December 31, 2023 as compared to income from operations of $4,153.2 million for the year ended December 31, 2022.”

PBF Energy Inc. reported fourth quarter ended December 31, 2022 results: net income $656.1 million, EPS $4.86 per share.

“This compares to net income of $656.1 million, and net income attributable to PBF Energy Inc. of $637.8 million or $4.86 per share for the fourth quarter of 2022.”

PBF Energy Inc. reported fourth quarter ended December 31, 2023 results: net income $48.4 million net loss, EPS $(0.40) per share.

“The company reported fourth quarter 2023 net loss of $48.4 million and net loss attributable to PBF Energy Inc. of $48.4 million or $(0.40) per share.”

Wayne Budd departed as Chairman of Nominating and Corporate Governance Committee at PBF Energy Inc..

“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.”

PBF Energy Inc. reported the third quarter ended September 30, 2023 results: net income $794.1 million, EPS $6.11 per share.

“PBF Energy Inc. (NYSE:PBF) today reported third quarter 2023 income from operations of $1,077.1 million as compared to income from operations of $1,400.0 million for the third quarter of 2022. Excluding special items, third quarter 2023 income from operations was $1,145.6 million as compared to income from operations of $1,403.0 million for the third quarter of 2022. The company reported third quarter 2023 net income of $794.1 million and net income attributable to PBF Energy Inc. of $786.4 million or $6.11 per share.”

PBF Energy Inc. amended 2023 Revolving Loan with Bank of America, National Association valued at $3.5 billion (effective 2023-08-23).

“On August 23, 2023, PBF Holding Company LLC (“PBF Holding”), a subsidiary of PBF Energy Company LLC and PBF Energy Inc., together with certain of its wholly-owned subsidiaries, as borrowers or subsidiary guarantors (collectively with PBF Holding, “PBF” or the “Company”) entered into an amended and restated asset-based revolving credit agreement, among PBF, Bank of America, National Association (“BofA”), as administrative agent, and certain other lenders (the “2023 Revolving Loan”).”

PBF Energy Inc. incurred senior notes of $500.0 million in aggregate principal amount with Wilmington Trust, National Association at 7.875% maturing September 15, 2030.

“On August 21, 2023, PBF Holding Company LLC (“PBF Holding”), a subsidiary of PBF Energy Company LLC (“PBF LLC”), in turn a subsidiary of PBF Energy Inc. (“PBF Energy” and collectively with its consolidated subsidiaries including PBF LLC and PBF Holding, the “Company”) entered into an Indenture (the “Indenture”) among PBF Holding and PBF Holding’s wholly-owned subsidiary, PBF Finance Corporation (together with PBF Holding, the “Issuers”), the Guarantors named on the signature pages thereto, Wilmington Trust, National Association, as Trustee and Deutsche Bank Trust Company Americas, as Paying Agent, Registrar, Transfer Agent and Authenticating Agent, under which the Issuers issued $500.0 million in aggregate principal amount of 7.875% Senior Notes due 2030 (the “Notes”) at an issue price of 99.324%.”

PBF Energy Inc. entered into Indenture for 7.875% Senior Notes due 2030 with Wilmington Trust, National Association valued at $500,000,000 (effective 2023-08-21).

“On August 21, 2023, PBF Holding Company LLC (“PBF Holding”), a subsidiary of PBF Energy Company LLC (“PBF LLC”), in turn a subsidiary of PBF Energy Inc. (“PBF Energy” and collectively with its consolidated subsidiaries including PBF LLC and PBF Holding, the “Company”) entered into an Indenture (the “Indenture”) among PBF Holding and PBF Holding’s wholly-owned subsidiary, PBF Finance Corporation (together with PBF Holding, the “Issuers”), the Guarantors named on the signature pages thereto, Wilmington Trust, National Association, as Trustee and Deutsche Bank Trust Company Americas, as Paying Agent, Registrar, Transfer Agent and Authenticating Agent, under which the Issuers issued $500.0 million in aggregate principal amount of 7.875% Senior Notes due 2030 (the “Notes”) at an issue price of 99.324%.”

PBF Energy Inc. reported second quarter ended June 30, 2023 results: net income net income attributable to PBF Energy Inc. of $1,020.4 million or $7.88 per share, EPS $7.88 per share.

“The company reported second quarter 2023 net income of $1,030.4 million and net income attributable to PBF Energy Inc. of $1,020.4 million or $7.88 per share.”

PBF Energy Inc. amended Third A&R Inventory Intermediation Agreement J. Aron Second Amendment with J. Aron & Company LLC valued at Amendment to allow for early termination of the agreement (effective 2023-06-28).

“On June 28, 2023, PBF Holding, and its wholly-owned subsidiaries, Delaware City Refining Company LLC, Paulsboro Refining Company LLC, and Chalmette Refining, L.L.C. entered into a second amendment (the “J. Aron Second Amendment”) of the third amended and restated inventory intermediation agreement dated October 25, 2021 (the “Third A&R Inventory Intermediation Agreement”) with J. Aron & Company LLC, a subsidiary of the Goldman Sachs Group, Inc., to amend certain provisions of the Third A&R Inventory Intermediation Agreement to allow for the early termination of the Third A&R Inventory Intermediation Agreement.”

PBF Energy Inc. entered into Subscription Agreement with Eni Sustainable Mobility, a subsidiary of Eni S.p.A. valued at $835 million (effective 2023-06-27).

“On June 27, 2023 (the “Execution Date”), PBF Energy Company LLC (“PBF LLC”), a subsidiary of PBF Energy Inc. (“PBF Energy” and collectively with its consolidated subsidiaries including PBF Holding, the “Company”), closed the Subscription Agreement (the “Subscription Agreement”) with Eni Sustainable Mobility, a subsidiary of Eni S.p.A. (“Eni Sustainable Mobility”), pursuant to which PBF Green Fuels LLC, a subsidiary of the Company (“PBF Member”) and Eni Sustainable Mobility US, Inc., a subsidiary of Eni (“Eni Member” and together with the PBF Member, the “Members” or the “Initial Members”), will partner in a 50-50 joint venture, St. Bernard Renewables LLC (“SBR”) that owns the biorefinery (the “Renewable Diesel Facility”) co-located with the Company’s Chalmette Refinery in Louisiana.”

PBF Energy Inc. reported first quarter ended March 31, 2023 results: net income $385.9 million, EPS $2.86 per share.

“The company reported first quarter 2023 net income of $385.9 million and net income attributable to PBF Energy Inc. of $382.1 million or $2.86 per share.”

PBF Energy Inc. shareholders approved Advisory vote on the compensation of Named Executive Officers (Say-on-Pay Vote) at the 2023-05-03 meeting.

“With respect to the advisory vote regarding the 2022 compensation of PBF Energy’s Named Executive Officers, which vote is referred to as the “Say-on-Pay Vote”, the stockholders have approved the compensation of PBF Energy’s Named Executive Officers, with the votes, rounded to the nearest whole share, cast as follows: FOR AGAINST ABSTAIN BROKER NON-VOTE 83,267,801 4,803,341 102,117 11,177,203”

PBF Energy Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as independent registered public accounting firm for 2023 at the 2023-05-03 meeting.

“The ratification of the appointment of Deloitte & Touche LLP to serve as PBF Energy’s independent registered public accounting firm for 2023 was approved by the stockholders, with the votes, rounded to the nearest whole share, cast as follows: FOR AGAINST ABSTAIN 98,320,533 790,793 239,136”

PBF Energy Inc. shareholders approved Election of Directors at the 2023-05-03 meeting.

“The Annual Meeting of Stockholders of PBF Energy Inc. (“PBF Energy”) was held on May 3, 2023. At the Annual Meeting, the stockholders elected each of the following individuals to serve on PBF Energy’s Board of Directors until the 2024 Annual Meeting of Stockholders, or until his or her successor is duly elected and qualified, with the votes, rounded to the nearest whole share, cast as follows: NAME FOR AGAINST ABSTAIN BROKER NON-VOTE Thomas Nimbley 85,391,604 2,717,624 64,031 11,177,203 Spencer Abraham 81,706,376 6,402,215 64,668 11,177,203 Wayne Budd 81,976,515 6,131,689 65,055 11,177,203 Paul J. Donahue, Jr. 86,251,699 1,857,214 64,346 11,177,203 S. Eugene Edwards 84,713,255 3,394,612 65,392 11,177,203 Georganne Hodges 87,689,250 420,265 63,744 11,177,203 Kimberly Lubel 71,072,251 17,037,074 63,934 11,177,203 George Ogden 86,166,994 1,942,168 64,097 11,177,203 Damian W. Wilmot 86,636,186 1,436,028 101,045 11,177,203 Lawrence Ziemba 87,624,389 449,004 99,866 11,177,203”

Matthew Lucey was appointed as President and Chief Executive Officer at PBF Energy Inc..

“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.”

Thomas Nimbley changed role as Executive Chairman of the Board at PBF Energy Inc..

“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 resigned as Controller and Principal Accounting Officer at PBF Energy Inc..

“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”

Damian W. Wilmot was appointed as Independent Director at PBF Energy Inc..

“On March 9, 2023, the Board appointed Georganne Hodges and Damian W. Wilmot as independent directors effective as of March 15, 2023.”

Georganne Hodges was appointed as Independent Director at PBF Energy Inc..

“On March 9, 2023, the Board appointed Georganne Hodges and Damian W. Wilmot as independent directors effective as of March 15, 2023.”

PBF Energy Inc. entered into Subscription Agreement with Eni Sustainable Mobility, a subsidiary of Eni S.p.A. valued at $835 million plus up to an additional $50 million (effective 2023-02-16).

“On February 16, 2023 (the “Execution Date”), PBF Energy Company LLC (“PBF LLC”), a subsidiary of PBF Energy Inc. (“PBF Energy” and collectively with its consolidated subsidiaries including PBF Holding, the “Company”), entered into a definitive Subscription Agreement (the “Subscription Agreement”) with Eni Sustainable Mobility, a subsidiary of Eni S.p.A. (“Eni Sustainable Mobility”), pursuant to which the Company and Eni will partner in a 50-50 joint venture, St. Bernard Renewables LLC (“SBR”).”

PBF Energy Inc. reported fourth quarter ended December 31, 2022 results: net income $656.1 million, EPS $4.86 per share.

“The company reported fourth quarter 2022 net income of $656.1 million and net income attributable to PBF Energy Inc. of $637.8 million or $4.86 per share.”

Karen B. Davis was appointed as Senior Vice President, Chief Financial Officer at PBF Energy Inc..

“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”

Lawrence Ziemba was appointed as Director at PBF Energy Inc..

“On December 19, 2022, the Board appointed Lawrence Ziemba as an independent director effective as of January 1, 2023.”

Karen B. Davis was appointed as Chief Financial Officer at PBF Energy Inc..

“she will commence her role as the Company's interim Chief Financial Officer effective January 1, 2023.”

Karen B. Davis resigned as Director at PBF Energy Inc..

“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.”

Karen B. Davis resigned as Director at PBF Energy Inc..

“She will resign as a director effective as of December 31, 2022”

Karen B. Davis was appointed as Interim Chief Financial Officer at PBF Energy Inc..

“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”

PBF Energy Inc. completed an acquisition involving PBF Logistics LP (PBFX) for 0.270 of a share of Class A Common Stock and $9.25 in cash per PBFX Public Common Unit (closed 2022-11-30).

“the effective time of the Merger (the “Effective Time”), pursuant to the terms of the Merger Agreement, each PBFX Public Common Unit was converted into the right to receive: (i) 0.270 of a share of Class A Common Stock, par value $0.001 per share, of PBF Energy (the “PBF Energy Common Stock,” and such consideration, the “Stock Consideration”), (ii) $9.25 in”

Robert Lavinia retired as Director at PBF Energy Inc..

“Robert Lavinia, an independent director and a member of the Health, Safety and Environment Committee of the Board of Directors of PBF Energy Inc. informed PBF Energy Inc. that he will retire from the Board effective as of December 31, 2022.”

C. Erik Young resigned as Senior Vice President, Chief Financial Officer at PBF Energy Inc..

“PBF Energy Inc. announced the resignation of C. Erik Young as the Senior Vice President, Chief Financial Officer of the Company, effective as of December 20, 2022, in order pursue other professional opportunities.”

T. Paul Davis changed role as Senior Vice President, Supply, Trading and Optimization at PBF Energy Inc..

“• Mr. Davis, age 60, has assumed the position of Senior Vice President, Supply, Trading and Optimization”

Thomas O’Connor changed role as Senior Vice President, Commodity Risk and Strategy at PBF Energy Inc..

“• Mr. O’Connor, age 49, has assumed the position of Senior Vice President, Commodity Risk and Strategy”

Paul Donahue was appointed as Director at PBF Energy Inc..

“On December 20, 2021, the Board of Directors (the “Board”) of PBF Energy Inc. (the “Company”) appointed Paul Donahue as an independent director effective as of January 1, 2022.”

William Hantke retired as Director at PBF Energy Inc..

“On August 14, 2021, William Hantke, a director and a member of the Audit Committee and Compensation Committee of the Board of Directors of PBF Energy Inc. (the “Company”) informed the Company that he will retire from the Board effective as of December 31, 2021.”