PBF Energy Posts $128M Q4 Operating Profit, Declares $0.275 Dividend
PBF Energy reported fourth quarter 2025 income from operations of $128.0 million, reversing a $383.2 million loss a year earlier, and net income of $79.1 million ($0.66 per share). The company declared a $0.275 per share quarterly dividend and expects its Martinez refinery to restart by early March.
1. Q4 and Full Year Results
PBF Energy posted fourth quarter income from operations of $128.0 million versus a $383.2 million loss in Q4 2024 and net income of $79.1 million ($0.66 per share). For full-year 2025, loss from operations narrowed to $54.3 million from $699.0 million, with an adjusted net loss of $474.6 million ($4.13 per share).
2. Dividend Declaration
The board declared a quarterly dividend of $0.275 per share payable on March 11, 2026 to shareholders of record at the close of business on February 25, 2026.
3. Martinez Refinery Restart
Restoration work at the 157,000 barrel-per-day Martinez refinery is on schedule for completion by February 16, with utility commissioning underway and catalytic cracker start-up expected in the first week of March.
4. Insurance Proceeds and Outlook
Insurers have paid $893.5 million of unallocated proceeds net of the $30 million deductible in 2025, offsetting fire-related restoration costs, and business interruption coverage is expected to further mitigate financial losses from the downtime.