Loading...
•
Jun 30, 2025
PBF Energy Q2 2025 Earnings Report
PBF Energy reported a net loss of $5.4 million and income from operations of $43.0 million in Q2 2025, with improved performance across all regions despite challenges in feedstock markets.
Key Takeaways
PBF Energy reported a net loss of $5.4 million and income from operations of $43.0 million for the second quarter of 2025. The company saw improved performance across all regions, successfully restoring partial operations at the Martinez refinery after a fire. Despite challenges in feedstock markets, PBF Energy remains focused on conservative balance sheet management, debt reduction, and implementing its Refinery Business Improvement initiative to generate cost savings.
PBF Energy reported a net loss of $5.4 million and income from operations of $43.0 million for Q2 2025.
Partial operations at the Martinez refinery were successfully restored in Q2 2025 following a fire, with full restoration expected by year-end 2025.
The company declared a quarterly dividend of $0.275 per share, an increase from $0.25 per share in Q2 2024.
PBF Energy is implementing a Refinery Business Improvement (RBI) initiative, targeting over $200 million in annualized cost savings by year-end 2025 and over $350 million by year-end 2026.
Revenue by Segment
Forward Guidance
PBF Energy expects to restore full operations at the Martinez refinery by year-end 2025 and anticipates significant annualized cost savings from its Refinery Business Improvement initiative. Full-year capital expenditures are projected to be between $750 million and $775 million, excluding Martinez fire repair costs.
Positive Outlook
- Full operations at Martinez refinery planned by year-end 2025.
- Expected annualized run-rate sustainable cost savings of over $200 million by year-end 2025 from RBI.
- Expected annualized run-rate sustainable cost savings of over $350 million by year-end 2026 from RBI.
- Third quarter total throughput expected between 865,000 and 915,000 barrels per day.
- Third quarter renewable diesel production expected to average 16,000 to 18,000 barrels per day.
Challenges Ahead
- Martinez refinery expected to run at reduced capacity until full repairs are completed.
- Restart of remaining Martinez units dependent on external factors like regulatory permitting and equipment availability.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...