0001534504-26-000010
SEC filingPBF Energy Inc. reported a net loss of $160.5 million for FY 2025, or -$158.5 million attributable to stockholders, compared to prior periods not disclosed in the filing. Revenues totaled $29.33 billion, offset by cost of sales of $29.90 billion, resulting in an operating loss of $54.3 million. Key positive drivers included a $832.5 million gain on insurance recoveries, net, which partially mitigated pressures from $26.63 billion in cost of products, $2.65 billion in operating expenses, and $181.6 million in interest expense. Depreciation and amortization was $630.3 million, with additional $14.4 million in G&A. The company posted a tax benefit of $74.1 million, leading to EPS of -$1 basic and diluted on 114.1 million basic shares. Balance sheet shows total assets of $13.02 billion, with cash at $527.9 million, inventories $2.56 billion, and long-term debt $2.15 billion. Equity stood at $5.45 billion. Operating cash flow was negative $78.0 million, investing cash outflow $480.2 million driven by $705.2 million PP&E capex and $379.5 million turnaround costs, offset by financing inflow of $550.0 million from debt activities. Net cash decreased $8.2 million, ending at $2.20 billion. Significant insurance proceeds of $893.5 million ($360.6M operating + $532.9M investing) supported liquidity amid heavy investments.
PBF Energy Inc. (PBF) reported FY 2025 results with revenues of $29.33 billion and total cost and expenses of $29.39 billion, yielding an operating loss of $54.3 million. Income before taxes was -$234.6 million after $181.6 million interest expense (net of $24.3 million interest income) and other items. A tax benefit of $74.1 million resulted in net loss of $160.5 million, with $158.5 million attributable to stockholders. EPS was -$1 basic (114.1 million shares) and diluted (114.9 million shares). No prior year figures disclosed for direct comparison. Key offsets included $832.5 million gain on insurance recoveries. Total assets $13.02 billion, equity $5.45 billion.
Revenues totaled $29.33 billion for the year ended December 31, 2025. No segment breakdown, geographic mix, or growth drivers disclosed in the provided filing data. Cost of products and other charges were $26.63 billion, with operating expenses (excluding D&A) at $2.65 billion. Cost of sales aggregated $29.90 billion. No prior period revenue comparisons available.
Operating loss of $54.3 million on $29.33 billion revenues implies negative operating margin. Revenues $29.33 billion exceeded cost of sales $29.90 billion by -$570 million before other items. Gain on insurance recoveries $832.5 million provided significant boost, offset by equity loss in investee -$62.2 million and (gain) loss on sale of assets $93.1M. G&A expenses $332.3 million (excluding $14.4 million D&A). Depreciation and amortization totaled $630.3 million in cost of sales plus $14.4 million elsewhere. No margin trends or prior period comparisons disclosed.
Net cash used in operating activities was $78.0 million, adjusted from net loss -$160.5 million by $662.8 million depreciation, -$313.0 million LCM inventory adjustment, -$832.5 million gain on insurance recoveries, and working capital changes including $280.8 million inventories inflow. Investing activities used $480.2 million, with $705.2 million PP&E, $379.5 million turnaround costs, offset by $532.9 million insurance proceeds and $170.3 million asset sales. Financing provided $550.0 million via $788.5 million long-term debt proceeds, $3.23 billion revolver borrowings (net -$100 million after repayments), less $125.6 million dividends. Net cash change -$8.2 million; ending cash $2.20 billion (period-end balance sheet shows $527.9 million cash equivalents). Current assets $4.45 billion, current liabilities $3.67 billion, long-term debt $2.15 billion, total liabilities $7.57 billion.
No management guidance, strategic priorities, or risk factors explicitly disclosed in the provided filing excerpt.