Profile
Sector:
EnergyIndustry:
Oil & Gas Refining & MarketingCountry:
United StatesIPO:
13 December 2012Website:
http://www.pbfenergy.comNext earnings report:
14 February 2025Last dividends:
13 November 2024Next dividends:
N/APrice
after hours | Fri, 15 Nov 2024 22:34:00 GMTAnalysts recommendations
Institutional Ownership
PBF Latest News
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.
What type of business is PBF Energy?
PBF Energy Inc. is one of the largest oil refineries and suppliers of transportation fuel, bunker fuel, petrochemical feedstock, lubricants, and other petroleum products in the United States. The company was founded in 2008, with its headquarters located in Parsippany, New Jersey. The company's activities have two main directions: Oil refining - as of the end of 2019, PBF Energy Inc. owned six oil refineries. Logistics - includes activities related to receiving, processing, storing, and transferring crude oil, petroleum products, natural gas, and intermediate products from sources located across the United States and Canada to the company's refineries, as well as to third-party customers.
What sector is PBF Energy in?
PBF Energy is in the Energy sector
What industry is PBF Energy in?
PBF Energy is in the Oil & Gas Refining & Marketing industry
What country is PBF Energy from?
PBF Energy is headquartered in United States
When did PBF Energy go public?
PBF Energy initial public offering (IPO) was on 13 December 2012
What is PBF Energy website?
https://www.pbfenergy.com
Is PBF Energy in the S&P 500?
No, PBF Energy is not included in the S&P 500 index
Is PBF Energy in the NASDAQ 100?
No, PBF Energy is not included in the NASDAQ 100 index
Is PBF Energy in the Dow Jones?
No, PBF Energy is not included in the Dow Jones index
When was PBF Energy the previous earnings report?
No data
When does PBF Energy earnings report?
The next expected earnings date for PBF Energy is 14 February 2025