PARSIPPANY, N.J. , March 12, 2025 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) ("PBF Energy") today announced that its indirect subsidiary, PBF Holding Company LLC ("PBF Holding"), priced $800 million in aggregate principal amount of 9.875% senior notes due 2030 (the "Notes") at an issue price of 98.563% in a private offering.
PARSIPPANY, N.J. , March 12, 2025 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) ("PBF Energy") today announced that its indirect subsidiary, PBF Holding Company LLC ("PBF Holding"), intends to offer, subject to market and other conditions, $750 million in aggregate principal amount of senior notes due 2030 (the "Notes") in a private offering.
PARSIPPANY, N.J. , March 11, 2025 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) announced today that Thomas J.
PBF's Martinez refinery, shut since the fire incident on Feb. 1, is set to restart in phases. The first stage will begin in Q2 2025, while full operations are expected by Q4.
PARSIPPANY, N.J. , March 6, 2025 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) announced today that, based on assessments to date, it intends to proceed with the repairs needed to restart its 157,000 barrel per day refinery in Martinez, CA.
On Thursday, we put together a list of 10 companies with weak earnings and outlooks. In this article, we will examine how PBF Energy Inc. (NYSE:PBF) compares to the other stocks. The stock market ended positively on Thursday, as investors reacted positively to new inflation data and updates on tariffs.
PBF Energy's high operating costs and declining crack spreads have led to significant cash burn and a degrading balance sheet, warranting a SELL rating. The Martinez refinery fire adds further uncertainty, with no clear timeline for repairs and potential negative impacts on future cash flow. Despite a low price-to-book valuation, PBF's poor financial performance and lack of cost-effectiveness make it a less attractive investment compared to peers.
PBF Q4 earnings suffer due to lower throughput volumes and a fall in refining margins. However, this is partially offset by reduced costs and expenses.
PBF Energy Inc. (NYSE:PBF ) Q4 2024 Earnings Conference Call February 13, 2025 8:30 AM ET Company Participants Colin Murray - Investor Relations Matthew Lucey - President and Chief Executive Officer Karen Davis - Senior Vice President and Chief Financial Officer Paul Davis - Senior Vice President, Supply, Trading and Optimization Thomas O'Connor - Senior Vice President, Commodity Risk and Strategy Michael Bukowski - Senior Vice President, Head of Refining Conference Call Participants Roger Read - Wells Fargo Ryan Todd - Piper Sandler Manav Gupta - UBS Neil Mehta - Goldman Sachs John Royall - JPMorgan Jason Gabelman - TD Cowen Matthew Blair - TPH Paul Cheng - Scotiabank Operator Good day, everyone and welcome to the PBF Energy Fourth Quarter and Year-End 2024 Earnings Conference Call and Webcast. At this time, all participants have been placed in a listen-only mode and the floor will be open for questions following management's prepared remarks.
While the top- and bottom-line numbers for PBF Energy (PBF) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.