Stock Track | PBF Energy Inc Plummets 5.3% After Fire Disrupts Martinez Refinery Operations

Stock Track

Feb 13, 2025

PBF Energy Inc's stock plummeted 5.3% in the pre-market trading session on Thursday after the company reported a fire incident at its Martinez refinery in California, disrupting operations.

According to PBF Energy executives during a conference call, the fire broke out on February 1 near the cat feed hydrotreater unit, which prepares feedstock for the gasoline-producing fluidic catalytic cracker. The company has been unable to assess the full extent of damage as investigators have blocked off the area.

Due to the fire and planned maintenance at other refineries, PBF Energy expects to operate its seven refineries at only up to 76% of their combined production capacity of 1 million barrels per day in the first quarter of 2025. The company also reported a third consecutive quarterly loss of $289.3 million for Q4 2024 as refining margins declined amid weaker economic activity and new refinery capacity additions.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1195402110"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1195402110\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1195402110?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-13 22:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1195402110","market":"us","top_or_hot":-1,"title":"Stock Track | PBF Energy Inc Plummets 5.3% After Fire Disrupts Martinez Refinery Operations","media":"Stock Track","content":"<p>PBF Energy Inc's stock plummeted 5.3% in the pre-market trading session on Thursday after the company reported a fire incident at its Martinez refinery in California, disrupting operations.</p>\n\n<p>According to PBF Energy executives during a conference call, the fire broke out on February 1 near the cat feed hydrotreater unit, which prepares feedstock for the gasoline-producing fluidic catalytic cracker. The company has been unable to assess the full extent of damage as investigators have blocked off the area.</p>\n\n<p>Due to the fire and planned maintenance at other refineries, PBF Energy expects to operate its seven refineries at only up to 76% of their combined production capacity of 1 million barrels per day in the first quarter of 2025. The company also reported a third consecutive quarterly loss of $289.3 million for Q4 2024 as refining margins declined amid weaker economic activity and new refinery capacity additions.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | PBF Energy Inc Plummets 5.3% After Fire Disrupts Martinez Refinery Operations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | PBF Energy Inc Plummets 5.3% After Fire Disrupts Martinez Refinery Operations\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-13 22:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>PBF Energy Inc's stock plummeted 5.3% in the pre-market trading session on Thursday after the company reported a fire incident at its Martinez refinery in California, disrupting operations.</p>\n\n<p>According to PBF Energy executives during a conference call, the fire broke out on February 1 near the cat feed hydrotreater unit, which prepares feedstock for the gasoline-producing fluidic catalytic cracker. The company has been unable to assess the full extent of damage as investigators have blocked off the area.</p>\n\n<p>Due to the fire and planned maintenance at other refineries, PBF Energy expects to operate its seven refineries at only up to 76% of their combined production capacity of 1 million barrels per day in the first quarter of 2025. The company also reported a third consecutive quarterly loss of $289.3 million for Q4 2024 as refining margins declined amid weaker economic activity and new refinery capacity additions.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PBF","symbol_name":"PBF Energy","start_time":0,"source_url":"","article_id":"1195402110","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1195402110","pubTimestamp":1739457596,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"PBF Energy Inc's stock plummeted 5.3% in the pre-market trading session on Thursday after the company reported a fire incident at its Martinez refinery in California, disrupting operations.According to PBF Energy executives during a conference call, the fire broke out on February 1 near the cat feed hydrotreater unit, which prepares feedstock for the gasoline-producing fluidic catalytic cracker. The company has been unable to assess the full extent of damage as investigators have blocked off the","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PBF":"PBF Energy"},"translate_title":"火灾扰乱马丁内斯炼油厂运营后，PBF Energy Inc股价暴跌5.3%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PBF":1},"content_text":"PBF Energy Inc's stock plummeted 5.3% in the pre-market trading session on Thursday after the company reported a fire incident at its Martinez refinery in California, disrupting operations.\nAccording to PBF Energy executives during a conference call, the fire broke out on February 1 near the cat feed hydrotreater unit, which prepares feedstock for the gasoline-producing fluidic catalytic cracker. The company has been unable to assess the full extent of damage as investigators have blocked off the area.\nDue to the fire and planned maintenance at other refineries, PBF Energy expects to operate its seven refineries at only up to 76% of their combined production capacity of 1 million barrels per day in the first quarter of 2025. The company also reported a third consecutive quarterly loss of $289.3 million for Q4 2024 as refining margins declined amid weaker economic activity and new refinery capacity additions.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}