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 third quarter 2024 loss from operations of $386.3 million, compared to income of $1,077.1 million in Q3 2023. Excluding special items, Q3 2024 loss was $231.5 million. The company posted a net loss of $289.1 million, or $(2.49) per share, versus net income of $794.1 million or $6.11 per share in Q3 2023. Despite weak market conditions, PBF announced a 10% increase in quarterly dividend to $0.275 per share and conducted share repurchases of approximately 2.0 million shares for $75 million. The company maintains strong liquidity with $977 million in cash and $1.3 billion in total debt.
PBF Energy Inc. (NYSE:PBF) has announced the release date for its third quarter 2024 earnings results. The company will unveil its financial performance on Thursday, October 31, 2024, followed by a conference call and webcast at 8:30 a.m. ET on the same day. Investors and interested parties can access the webcast through PBF Energy's website or join the call by dialing (800) 579-2543 or (785) 424-1789, using the Conference ID: PBF3Q24. An audio replay of the call will be made available approximately two hours after its conclusion on the company's website, providing an opportunity for those unable to attend the live event to catch up on the discussed matters.
PBF Energy Inc. (NYSE:PBF) reported a second quarter 2024 loss from operations of $74.6 million, compared to income of $1,389.2 million in Q2 2023. Excluding special items, the loss was $72.5 million. The company posted a net loss of $66.0 million, or $(0.56) per share, compared to net income of $1,030.4 million, or $7.88 per share, in Q2 2023.
Despite disappointing earnings, PBF maintained a strong cash position of approximately $1.4 billion, with total debt around $1.3 billion. The company declared a quarterly dividend of $0.25 per share and conducted share repurchases of about $100 million in Q2. PBF completed major planned maintenance in multiple regions and expects full-year 2024 refining capital expenditures to be around $850 million.
PBF Energy (NYSE: PBF) has announced it will release its Q2 2024 earnings results on August 1, 2024. The company will hold a conference call and webcast at 8:30 a.m. ET the same day to discuss the results and other business matters. Interested parties can access the call via PBF Energy's website or by phone using the provided numbers and conference ID. An audio replay will be available on the company's website approximately two hours post-call.
PBF Energy announced its participation in the J.P. Morgan Energy, Power and Renewables Conference on June 18, 2024. The company will have members of its management team present at the event. Presentation materials will be accessible on the Investor Relations section of the PBF Energy website.
PBF Energy Inc. reported first quarter 2024 income from operations of $145.1 million, a decrease from the first quarter of 2023. The company also declared a quarterly dividend of $0.25 per share and repurchased approximately 2.6 million shares for $125 million. Net income for the first quarter of 2024 was $107.5 million, compared to $385.9 million in the same period in 2023. PBF remains focused on operational execution, balance sheet quality, and long-term shareholder value.
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