PBF Energy posts $511.2 million Q1 operating loss after Martinez refinery fire
PBF Energy reported a first-quarter 2025 net loss attributable to the company of $401.8 million, or $(3.53) per share, compared with net income of $106.6 million, or $0.86 per share, a year earlier. The loss followed a February 1, 2025 fire at the Martinez refinery, and revenue fell to $7,066.4 million from $8,645.6 million, so headline results moved sharply lower for shareholders.
Key points
- Loss from operations was $511.2 million, versus income of $145.1 million in the first quarter of 2024.
- Revenue was $7,066.4 million, down from $8,645.6 million a year earlier.
- The company received notice that insurers agreed to pay a net $250 million unallocated first installment of Martinez insurance proceeds.
- The company declared a quarterly dividend of $0.275 per share, payable May 29, 2025, and agreed to sell two terminal facilities for $175 million.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.