Q2 2025 PBF Energy Inc Earnings Call Transcript

Jul 31, 2025 / 12:30 PM GMT

Release Date Price: €21.4 (+0.33%)

Transcript 10-Q8-K

Key Points

Positve

PBF Energy Inc (PBF) reported a marked improvement in the second quarter compared to previous quarters, with constructive tailwinds expected, particularly in crude supply.
The Martinez refinery has partially restarted, with a full restart anticipated by the end of the year, showcasing the team's commendable efforts.
PBF Energy Inc (PBF) is on track to exceed its cost-saving targets, with over $125 million of run rate savings already implemented.
The company has a strong liquidity position with approximately $2.3 billion in current liquidity, bolstered by anticipated tax refunds and terminal sales.
PBF Energy Inc (PBF) is exploring opportunities to maximize the value of its Delaware City refinery land, potentially creating additional investment and job opportunities.

Negative

PBF Energy Inc (PBF) reported an adjusted net loss of $1.03 per share for the second quarter.
The Martinez refinery incident resulted in $30.4 million in incremental operating expenses, impacting financial performance.
The company faces challenges with light heavy crude differentials, which continue to be a significant issue.
There is pressure on delivery timings for long lead procurement activities, which has delayed the Martinez refinery's full restart.
The renewable diesel segment is currently characterized as somewhat break-even, with market conditions impacting profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PBF.N - PBF Energy Inc
Q2 2025 PBF Energy Inc Earnings Call
Jul 31, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day everyone, and welcome to the PBF 2nd quarter 2025 earnings conference call and webcast. At this time, all participants have been placed in a listen-only mode, and the floor will be open for questions following management's prepared remarks. If anyone should require operator assistance during the conference, please press 0 on your telephone keypad.

Please note this conference is being recorded. It is now my pleasure to turn the floor over to Colin Murray of Investor Relations. Sir, you may begin.

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Unidentified_2 [2]
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Thank you, Mike. Good morning and

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