Key Details
Price
$31.11Last Dividend
$0.28Annual ROE
36.63%Beta
0.82Events Calendar
Next earnings date:
Feb 14, 2025Recent quarterly earnings:
Oct 31, 2024Recent annual earnings:
Feb 15, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Nov 13, 2024Next split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
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PBF Energy (PBF) came out with a quarterly loss of $1.50 per share versus the Zacks Consensus Estimate of a loss of $1.40. This compares to earnings of $6.61 per share a year ago.
Third quarter loss from operations of $386.3 million (excluding special items, third quarter loss from operations of $231.5 million) Announces 10% increase to quarterly dividend to $0.275 per share Third quarter 2024 share repurchases of approximately 2.0 million shares for approximately $75 million PARSIPPANY, N.J. , Oct. 31, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported third quarter 2024 loss from operations of $386.3 million as compared to income from operations of $1,077.1 million for the third quarter of 2023.
PBF Energy Inc. (PBF) Q3 2024 Earnings Call Transcript
Declining crack spreads have the potential to widen the quarterly loss for PBF. I expect this to be the second consecutive quarter PBF operates at a loss. Negative earnings significantly alter the typical valuation metrics and point to the deterioration of the "undervalued" thesis in the short term. Changes in valuation present near-term price risk, while the refinery markets navigate through general weakness.
PARSIPPANY, N.J. , Sept. 3, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the third quarter 2024 on Thursday, October 31, 2024.
PBF Energy is trading at a significant discount to its tangible book value, presenting a favorable investment opportunity in the refining sector. The company is nearly debt-free, with strong cash flows, creating a unique valuation discount in the sector using EV ratio analysis. Insider buying by billionaire Carlos Slim, plus the potential for increased dividends and share buybacks further bolster the case for a Strong Buy rating.
PBF Energy (PBF) Q2 earnings get affected by lower throughput volumes and a fall in refining margins. Increased total costs and expenses also impact earnings.
Second quarter loss from operations of $74.6 million (excluding special items, second quarter loss from operations of $72.5 million) Announces quarterly dividend of $0.25 per share Second quarter 2024 share repurchases of approximately 2.0 million shares for approximately $100 million PARSIPPANY, N.J. , Aug. 1, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported second quarter 2024 loss from operations of $74.6 million as compared to income from operations of $1,389.2 million for the second quarter of 2023.
PBF Energy's (PBF) strategic diversification into renewable fuel positions it well for growth in the energy transition landscape.
PBF Energy shares have fallen over 25% from recent highs, underperforming the S&P 500 amid concerns about the refining cycle turning. Q1 earnings beat expectations, as PBF has efficiently managed operations and completed maintenance activity despite a less favorable macro. PBF's strong balance sheet, efficient operations, and potential for significant capital returns make it a compelling value despite recent share price decline.
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