Pbf Energy Inc Stock Price, News & Analysis

PBF Energy Inc. (NYSE:PBF) will participate in the Annual Piper Sandler Energy Conference on March 20 and 21, 2023. This event will feature members of its management team discussing company insights and strategies. Presentation materials will be accessible through the PBF Energy website in the Investor Relations section. Known as one of the largest independent refiners in North America, PBF Energy operates facilities across multiple states, including California, Delaware, Louisiana, New Jersey, and Ohio, with a commitment to safety and environmental responsibility.

PBF Energy Inc. (NYSE: PBF) announced the appointment of Georganne Hodges and Damian W. Wilmot as independent directors, effective March 15, 2023. Georganne Hodges brings over 30 years of energy industry experience, having held leadership positions at Motiva Enterprises and other major companies. Damian Wilmot has expertise in compliance and risk management, previously serving at Vertex Pharmaceuticals. Thomas J. Nimbley, Chairman and CEO, expressed confidence in their contributions to the Board. PBF Energy operates several refineries across North America and aims to provide superior returns to investors while maintaining operational integrity.

PBF Energy Inc. (NYSE:PBF) announced that its management team will participate in the Raymond James Institutional Investor Conference on March 7, 2023, and the Scotia Howard Weil Energy Conference on March 8, 2023. This engagement highlights PBF's commitment to investor relations and transparency. Presentation materials will be accessible on their Investor Relations section at www.pbfenergy.com. As a leading independent refiner in North America, PBF operates facilities in various states and focuses on safe, reliable operations while delivering value to investors.

PBF Energy Inc. (NYSE:PBF) has announced that its management will participate in two upcoming industry conferences: the Morgan Stanley Global Energy & Power Conference on March 1, 2023, and the BofA Securities Virtual Refining Conference on March 2, 2023. Presentation materials will be accessible on the company's Investor Relations website. PBF Energy is one of the largest independent refiners in North America, operating refineries in multiple states including California, Delaware, Louisiana, New Jersey, and Ohio, and is committed to safety, reliability, and environmental responsibility.

PBF Energy reported a robust fourth quarter in 2022, with an income from operations of $955.6 million, up from $291.1 million in Q4 2021. The company achieved a net income of $656.1 million or $4.86 per share. PBF ended the year with a consolidated cash balance of $2.2 billion and reduced its debt by over $2.3 billion. The company will pay a quarterly dividend of $0.20 per share on March 16, 2023. Additionally, PBF announced a partnership with Eni Sustainable Mobility for the St. Bernard Renewables Project, aimed at producing renewable diesel in Louisiana.

Eni Sustainable Mobility and PBF Energy Inc. (NYSE: PBF) have formed a 50-50 joint venture named St. Bernard Renewables LLC (SBR) for a biorefinery co-located with PBF's Chalmette Refinery in Louisiana. Eni will invest $835 million, with potential additional funding of $50 million based on project milestones. The biorefinery aims to process 1.1 million tonnes of raw materials annually, producing 306 million gallons of HVO Diesel per year. This partnership combines Eni's biorefining expertise with PBF's operational capabilities and aims to meet the rising demand for sustainable transportation fuels.

PBF Energy Inc. (NYSE:PBF) will announce its fourth quarter 2022 earnings results on February 16, 2023, at 8:30 a.m. ET. A conference call will follow, discussing these results and other business matters. Investors can access this call via PBF Energy's website or by dialing designated numbers. As a prominent independent refiner in North America, PBF operates facilities across multiple states, aiming to provide superior returns to its shareholders while ensuring safety and environmental responsibility.

PBF Energy Inc. (NYSE: PBF) announced that its subsidiary, PBF Logistics LP, has issued a notice to fully redeem $525 million of its 6.875% Senior Notes due 2023. The redemption will occur on February 3, 2023, at 100% of the principal amount plus accrued interest. Deutsche Bank Trust Company Americas will act as the trustee and paying agent for this redemption. The announcement includes forward-looking statements that involve risks and uncertainties but does not constitute a solicitation or offer to sell any securities.

PBF Energy Inc. (NYSE: PBF) has appointed Lawrence M. Ziemba as an independent director, effective January 1, 2023. Ziemba, who has served on the board of PBF's logistics subsidiary since December 2019, brings extensive industry experience, having previously held significant roles at Phillips 66 and ConocoPhillips. His appointment is expected to enhance the board's understanding of operations. Chairman Thomas J. Nimbley expressed confidence in Ziemba's contributions to the company moving forward.