PBF Energy Inc. provides an update on the Martinez, California refinery operations following a fire in February 2025.
Rebuild activities at the refinery are expected to progress into February 2026 with planned operating rates to be achieved by March 2026.
The company is committed to the safe restoration of full operations at the Martinez refinery.
Rebuild Progress
Expected to complete rebuild activities by February 2026 and achieve planned operating rates by March 2026.
Insurance Coverage
Fire-related restoration costs largely covered by insurance, with $893.5 million received in insurance reimbursements in 2025.
2026 Annual Guidance
Provided throughput ranges for different regions in 2026 with planned maintenance schedules across refining system.
- The progress in rebuild activities at the Martinez refinery indicates a positive step towards full operational status.
- Insurance coverage for the fire-related costs provides financial support to mitigate losses and facilitate the restart process.
- The 2026 annual guidance information gives investors insights into the company's planned throughput and maintenance activities for the year.
PBF Energy's update on the Martinez refinery operations and the 2026 annual guidance highlights the company's commitment to safety, operational efficiency, and strategic planning in the refining sector.