The Iran conflict has sent tanker rates soaring, forcing sellers to deepen discounts on heavy crude grades and giving US Gulf Coast refiners a cost advantage over Asian rivals, executives said after reporting bumper third-quarter profits.
Third quarter income from operations of $2,100.9 million (excluding special items, third quarter income from operations of $2,111.9 million) Third quarter ending cash of $2.5 billion, total debt of $2.1 billion, resulted in net debt reduction of 150% as compared to the second quarter of 2026 Increases quarterly dividend by 18% to $0.325 per share PARSIPPANY, N.J., Oct. 29, 2026 /PRNewswire/ -- ...
PARSIPPANY-TROY HILLS, N.J., Sept. 14, 2026 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) ("PBF Energy") today announced that its indirect subsidiary, PBF Holding Company LLC ("PBF Holding"), priced $500 million in aggregate principal amount of 0% exchangeable notes due 2032 (the "Notes") in a private offering exempt from registration under the Securities Act of 1933, as amended (the "Securities A...
PARSIPPANY-TROY HILLS, N.J., Sept. 14, 2026 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) ("PBF Energy") today announced that its indirect subsidiary, PBF Holding Company LLC ("PBF Holding"), intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of exchangeable notes due 2032 (the "Notes"), in a private offering (the "Offering") exempt from registrati...
President Donald Trump is expected to convene U.S. refiners and fuel retailers next week to highlight efforts to lower gasoline prices, as his administration seeks to ease pressure on consumers from the Iran conflict ahead of November's congressional midterm elections, people familiar with the matter said.
Second quarter income from operations of $1,272.1 million (excluding special items, second quarter income from operations of $1,054.0 million) PBF reduced gross debt by over $1 billion in the second quarter Declared quarterly dividend of $0.275 per share PBF received a fifth unallocated installment of $250.0 million related to the Martinez refinery fire Martinez refinery restart completed in Ma...
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