PBF Energy

PBF Energy, Inc. engages in the operation of a petroleum refiner and supplies unbranded transportation fuels, heating oil, petrochemical feed stocks, lubricants, and other petroleum products in the United States. It operates through the following segments: Refining and Logistics. The Refining segment refines crude oil and other feed stocks into petroleum products. The Logistics segment owns, leases, operates, develops, and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities, and logistics assets. The company was founded on March 1, 2008 and is headquartered in Parsippany, NJ.

Earnings data Q1 2021

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PBF Energy reports strong 2022 earnings, eyes growth in sustainable energy

PBF Energy had a transformative year financially, focusing on strengthening their balance sheet, operational reinvestment, and sustainable energy initiatives. While challenges like industry maintenance and global trade adjustments persist, the company remains optimistic about the refining environment in 2023.

PBF Energy reports robust Q1 earnings, eyes growth opportunities

PBF Energy's Q1 earnings call highlighted strong financial performance, leadership changes, market insights, and operational updates. The company is focused on maintaining financial strength, enhancing shareholder value, and exploring growth opportunities while navigating industry challenges.

PBF Energy excels in Q2 earnings, eyes growth in renewables

PBF Energy's Q2 performance reflects resilience in challenging market conditions, driven by strong operational efficiency and strategic investments. The company's focus on financial strength, shareholder value maximization, and disciplined capital allocation positions it well for future growth. Despite challenges in distillate demand and refining dynamics, PBF Energy is poised to leverage opportunities in renewable diesel and strategic acquisitions.

PBF Energy posts robust Q3 results amidst market challenges

PBF Energy delivered strong financial results in Q3, supported by operational improvements and strategic initiatives.
While facing challenges like market volatility and operational disruptions, PBF is well-positioned to capitalize on growth opportunities.
With a focus on shareholder value, cost management, and strategic investments, PBF aims to drive sustainable growth and profitability.
Overall, PBF's performance, strengths, and opportunities position the company for continued success in the energy sector.

PBF Energy reports Q4 loss, eyes strong 2024 outlook

PBF Energy navigated a mixed performance in Q4 2023, with strong financial achievements tempered by operational challenges.
The company's focus on debt reduction, shareholder returns, and safety underscores its commitment to financial health and employee well-being.
Looking ahead, PBF sees opportunities in asset optimization, regulatory compliance, and maintaining a prudent approach to capital spending.

PBF Energy reports Q2 loss, maintains strong cash position

PBF Energy's Q2 2024 performance was marked by disappointing earnings but strong cash position and shareholder value prioritization. The company faces challenges in margin impact, market conditions, and operational efficiency but has opportunities to optimize working capital, improve product yield, and enhance shareholder returns. Strategic focus on operational efficiency and market dynamics will be key for future growth and profitability.

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PBF Energy, Inc. engages in the operation of a petroleum refinery and supplies unbranded transportation fuels, heating oil, petrochemical feed stocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment is involved in refining crude oil and other feed stocks into petroleum products. The Logistics segment includes owning, leasing, operation, development, and acquisition of crude oil and refined petroleum products terminals, pipelines, storage facilities, and logistics assets. The company was founded on March 1, 2008 and is headquartered in Parsippany, NJ.

PBF Energy Inc. (PBF) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for PBF Energy (PBF) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, PBF Energy (PBF) Q4 Earnings: A Look at Key Metrics

PBF Energy (PBF) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of $0.08. This compares to earnings of $4.41 per share a year ago.

PBF Energy (PBF) Reports Q4 Loss, Tops Revenue Estimates

Fourth quarter loss from operations of $47.2 million (excluding special items, fourth quarter loss from operations of $46.1 million) Full year income from operations of $2,951.5 million (excluding special items, full year income from operations of $2,017.6 million) Year-ending consolidated cash balance of approximately $1.8 billion Returned more than $180 million to stockholders through dividends and share buybacks in the fourth quarter and approximately $640 million in the year Increased total outstanding share repurchase authorization to over $1 billion with new $750 million approval PARSIPPANY, N.J. , Feb. 15, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today reported fourth quarter 2023 loss from operations of $47.2 million as compared to income from operations of $955.6 million for the fourth quarter of 2022.

PBF Energy Reports Fourth Quarter and Full Year 2023 Results, Declares Dividend of $0.25 per Share and Announces Increased Share Repurchase Authorization

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Chevron, PBF agree to settlements over Northern California air-quality compliance

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Will PBF Energy (PBF) Beat Estimates Again in Its Next Earnings Report?

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Energy stocks have underperformed the S&P 500 this year due to investor bets on lower inflation and rate cuts. PBF Energy, a major independent petroleum refiner, is an under-the-radar gem with strong fundamentals and an attractive valuation. PBF has a diverse product range, strategic refinery locations, and promising growth potential, along with initiatives in renewable diesel and hydrogen production.

PBF Energy: A Deeply Undervalued Top-Rated Energy Play For 2024 And Beyond

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Are Investors Undervaluing PBF Energy (PBF) Right Now?

PARSIPPANY, N.J. , Dec. 6, 2023 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the fourth quarter and full-year 2023 on Thursday, February 15, 2024.

PBF Energy to Release Fourth Quarter 2023 Earnings Results

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Are Oils-Energy Stocks Lagging PBF Energy (PBF) This Year?

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PBF Energy (PBF) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

After Plunging -7.16% in 4 Weeks, Here's Why the Trend Might Reverse for PBF Energy (PBF)

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Lower costs and expenses aid PBF Energy's (PBF) earnings in Q3.

PBF Energy (PBF) Q3 Earnings Beat, Revenues Decline Y/Y

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Is PBF Energy (PBF) Stock Outpacing Its Oils-Energy Peers This Year?

PBF Energy has a stellar balance sheet and is trading below tangible book value. The company operates in the oil refining business, which is competitive and cyclical, meaning a downturn in energy demand is the main risk. Based on 11 years of trading as a public company, average enterprise valuation multiples support a double in price to $90 a share for a 12-month target.

The Bottom Fishing Club: PBF Energy

News for PBF Energy Stock (PBF)