PBF Energy Inc. reports news on its independent petroleum refining business, including refinery operations, financial results, throughput guidance, dividend declarations and investor conference participation. The company operates oil refineries and related facilities through subsidiaries in California, Delaware, Louisiana, New Jersey and Ohio, and supplies transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products.
Recurring updates also address operational reliability, turnaround activity, the Martinez refinery, market conditions affecting refining margins and PBF Energy's 50% interest in the St. Bernard Renewables joint venture focused on next generation sustainable fuels.
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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