PBF Energy Inc. Q1 2026 Financial and Operating Results

PBF Energy Inc. reported first quarter 2026 income from operations of $299.6 million, a significant improvement from a loss of $511.2 million in the first quarter of 2025. Excluding special items, the company had a loss from operations of $108.4 million in Q1 2026, compared to a loss of $441.8 million in Q1 2025. The company announced a quarterly dividend of $0.275 per share. The Martinez Refinery restart is progressing, with full planned rates expected in early May. PBF received a fourth installment of $106.5 million related to the Martinez refinery fire. The company is implementing a Refining Business Improvement initiative, aiming for over $350 million in run-rate cost improvements by year-end 2026. As of quarter-end, PBF had approximately $542 million in cash and $2.3 billion in net debt. Renewable diesel production at SBR averaged approximately 16,700 barrels per day in Q1 2026.