Welcome to our dedicated page for Pbf Energy news (Ticker: PBF), a resource for investors and traders seeking the latest updates and insights on Pbf Energy stock.
PBF Energy Inc. (NYSE: PBF) is one of the largest independent petroleum refiners in North America, operating refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. The PBF Energy news feed on this page brings together company-issued press releases and other coverage that reflect how this refining and logistics business evolves over time.
Readers can follow PBF Energy news related to refinery operations, financial performance, capital allocation and strategic initiatives. Recent communications have included updates on the Martinez, California refinery following a February 1, 2025 fire, including rebuild progress, expected throughput ranges and the role of property and business interruption insurance in addressing repair costs and downtime. The company also reports on the sale of non-core terminal assets, dividend declarations and guidance for refining throughput across its East Coast, Mid-continent, Gulf Coast and West Coast regions.
News items frequently cover quarterly earnings announcements, where PBF discusses income from operations, net income or loss, and the impact of special items such as insurance recoveries, asset sales and costs associated with specific events or initiatives. Releases also describe the company’s Refining Business Improvement initiative, which focuses on improving reliability and efficiency across its refining system, and provide context on capital expenditure plans and turnaround schedules.
PBF Energy regularly announces participation in industry and investor conferences, such as events hosted by Goldman Sachs, TD Cowen, Mizuho and Citi, where members of management present the company’s outlook and strategy. Updates on corporate governance and leadership, including changes in senior finance roles and long-term incentive awards for named executive officers, are also disclosed through news and related SEC filings. Investors and observers can use this page to track these developments and review the company’s own descriptions of its refining operations, logistics activities and its 50% partnership in the St. Bernard Renewables joint venture focused on next generation sustainable fuels.
PBF Energy reported a first quarter 2021 income from operations of $57.7 million, a significant recovery from a loss of $1,366.8 million in the same quarter of 2020. However, excluding special items, the company posted a loss from operations of $317.8 million. The net loss attributed to PBF Energy was $41.3 million or $(0.34) per share, compared to a staggering net loss of $1,065.9 million in Q1 2020. The company emphasized its focus on maintaining liquidity with $2.3 billion available and a strategic pivot towards renewable fuels, while also facing sector challenges like rising compliance costs.
PBF Energy Inc. (NYSE:PBF) is set to release its first quarter 2021 earnings results on April 29, 2021. A conference call and webcast will follow at 8:30 a.m. ET that day, accessible via the company's website or by phone. As one of the largest independent refiners in North America, PBF operates facilities across states including California, Delaware, Louisiana, New Jersey, and Ohio, focusing on safe and environmentally responsible operations while aiming for superior returns to investors.
PBF Energy Inc. (NYSE: PBF), a leading independent refiner in North America, will participate in the Scotia Howard Weil Energy Conference on March 24, 2021. The event will feature members of PBF's management team, providing insights into the company's operations and market strategies. PBF operates refineries across several states, including California, Delaware, Louisiana, New Jersey, and Ohio. Additionally, PBF holds approximately 48% of the limited partnership interest in PBF Logistics LP (NYSE: PBFX).
PBF Energy Inc. (NYSE:PBF) will take part in the Bank of America Refining Conference on March 10, 2021. This event enables members of their management team to engage with industry stakeholders, highlighting their operations as a significant independent refiner in North America. With refineries located in states like California, Louisiana, and New Jersey, PBF aims to operate safely, responsibly, and profitably while benefiting local communities. Additionally, PBF indirectly owns about 48% of the limited partnership interest in PBF Logistics LP (NYSE:PBFX).
PBF Energy Inc. (NYSE: PBF) announced its participation in Raymond James' 42nd Annual Institutional Investor Conference on March 2, 2021. The event will feature key members of the management team presenting insights and strategies of the company. PBF Energy is a leading independent refiner in North America, with operations in multiple states, including California, Delaware, Louisiana, New Jersey, and Ohio. Additionally, PBF holds about 48% of PBF Logistics LP (NYSE: PBFX). For further details, visit the PR Newswire.
PBF Energy reported a significant loss from operations of $328.1 million for Q4 2020, down from a profit of $123.0 million in Q4 2019. The net loss was $286.0 million, or $(2.49) per share, compared to a net income of $69.1 million a year prior. Excluding special items, the adjusted net loss was $547.4 million, or $(4.53) per share. The company ended the year with $1.6 billion in cash, aiming for operational efficiency through a $100 million annual savings initiative. PBF anticipates continued challenges due to the pandemic, with reduced refinery utilization expected in early 2021.
PBF Energy Inc. (NYSE:PBF) announced the release of its fourth quarter 2020 earnings results on February 11, 2021. A conference call will follow at 8:30 a.m. ET to discuss the results and other business matters. The call will be available via webcast on the company’s official website, and an audio replay will be accessible shortly after the call ends. PBF is a leading independent refiner in North America, with operations across several states including California, Louisiana, and New Jersey, and it also owns 48% of PBF Logistics LP (NYSE:PBFX).
PBF Energy Inc. (NYSE:PBF) announced its participation in three upcoming virtual investor conferences: the Sankey Research Virtual Refining Conference on January 4, 2021, the 3rd Annual Mizuho Virtual Refining Conference on January 5, 2021, and the Goldman Sachs Global Energy Conference 2021 on January 6, 2021. As one of North America's largest independent refiners, PBF operates oil refineries across California, Delaware, Louisiana, New Jersey, and Ohio. The company focuses on safe, reliable, and environmentally responsible operations while also providing a rewarding workplace for its employees.
PBF Energy Inc. (NYSE:PBF) announced an add-on offering of $250 million in senior secured notes due 2025, priced at 9.25% interest. The notes will be issued by its subsidiary PBF Holding Company LLC and are expected to close on December 21, 2020. Proceeds will be utilized for general corporate purposes. The offering will be made through private placements under Rule 144A and Regulation S, and the notes have not been registered under the Securities Act.
PBF Energy Inc. (NYSE:PBF) has announced an add-on offering of $250 million in 9.25% senior secured notes due 2025. This offering, subject to market conditions, aims to generate funds for general corporate purposes. PBF Holding, a subsidiary of PBF Energy, will co-issue these notes alongside PBF Finance Corporation. Previously, PBF had issued $1 billion in similar notes. The offering, designed for qualified institutional buyers, is not registered under the Securities Act and will follow a private placement process.