Oct 30, 4:15 PM ET
PBF Energy's Compensation Committee approved 2026 long-term incentive awards effective October 27, 2026, for CEO Matthew C. Lucey and three other senior officers. The awards are split between restricted stock, performance share units and cash performance units, with payouts tied to TSR over 2027 through 2029, so they link executive pay to future shareholder returns.
- CEO Matthew C. Lucey received a 2026 long-term incentive award of $8,484,700.
- Joseph Marino, T. Paul Davis and Trecia Canty each received awards of $2,500,000.
- Awards are 40% restricted stock, 30% performance share units and 30% performance units with a $1.00 target value.
- Performance awards vest December 31, 2029, and can pay from zero to 200 percent of target based on TSR.
Read the filing on SEC.gov ↗
Oct 29, 6:46 AM ET
PBF Energy reported third-quarter 2026 income from operations of $2,100.9 million, up from $285.9 million a year earlier, and net income attributable to PBF Energy of $1,529.3 million, or $12.54 per diluted share, compared with $1.45 a year earlier. The company also raised its quarterly dividend 18% to $0.325 per share, and it kept its 2026 capital spending guidance of $825 million to $875 million unchanged.
- Third-quarter revenues were $12.1 billion, up from $7.7 billion a year earlier.
- Adjusted fully-converted EPS excluding special items was $12.78, compared with a loss of $0.52 per share in the third quarter of 2025.
- Quarterly dividend of $0.325 per share is payable November 24, 2026, to holders of record on November 12, 2026.
- Quarter-end cash was $2.5 billion and total debt was $2.1 billion, leaving $426 million of net cash.
Read the filing on SEC.gov ↗
Oct 1, 4:49 PM ET
PBF Holding Company, a subsidiary of PBF Energy, entered into an amended and restated asset-based revolving credit agreement on September 30, 2026, with Bank of America as administrative agent. The facility replaces the existing agreement dated August 23, 2023, and offers a maximum commitment of $4.0 billion. The filing says the new facility carries reduced commitment fees on unused amounts, while interest rates and letter of credit fees are generally consistent with the prior agreement.
- Maximum commitment of $4.0 billion under the 2026 Revolving Loan
- Maturity date of September 30, 2031
- Reduced commitment fees on the unused portion compared with the Existing Credit Agreement
- Interest rates and letter of credit fees generally consistent with the prior agreement
Read the filing on SEC.gov ↗
Sep 17, 1:29 PM ET
PBF Holding Company LLC, a subsidiary of PBF Energy Inc., issued $550.0 million of 0% Exchangeable Senior Notes due 2032 in a private placement under Rule 144A, including $50 million from the initial purchasers' option. The Issuers expect net proceeds of approximately $533.6 million, to be used for capped call transactions, redeeming the 7.875% senior notes due 2030, and general corporate purposes, and the notes can be exchanged into PBF Energy Class A common stock at an initial exchange price of about $96.80 per share.
- Principal amount: $550.0 million, maturing January 15, 2032; the notes do not bear regular interest
- Estimated net proceeds: approximately $533.6 million after discounts and estimated offering expenses
- Proceeds fund capped call costs, full redemption of the 7.875% senior notes due 2030, and general corporate purposes
- PBF Energy agreed to file a shelf or resale registration statement covering shares issuable on exchange by December 31, 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.