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 a leading independent refiner of crude oil and supplier of petroleum products across North America, operating integrated refining and logistics assets. This page provides investors and industry observers with a centralized source for all official company announcements, including earnings reports, operational updates, and strategic developments.
Access real-time updates on PBF Energy's refining activities, logistics expansions through its PBFX segment, and market-moving news. Our curated collection includes press releases on acquisitions, partnership agreements, sustainability initiatives, and financial performance – all essential for informed analysis of this energy sector player.
Key news categories cover refinery operations across Delaware, Ohio, New Jersey, California, and Louisiana; supply chain optimizations; and strategic growth efforts in petroleum refining. Bookmark this page to monitor how PBF Energy navigates evolving energy markets through its dual focus on operational efficiency and infrastructure investments.
PBF Energy reported a significant increase in third quarter 2022 income from operations of $1,400 million, up from $100.9 million in Q3 2021. The company reinstated a quarterly dividend of $0.20 per share, payable on November 29, 2022, to stockholders on record as of November 14, 2022. PBF's net debt to capitalization dropped dramatically to 1% from 59% in 2021, highlighting improved financial health. The company plans to invest $103 million in renewable fuels and anticipates stable market demand, positioning itself for future growth.
SquareOne Energy announced its partnership with CTCI Americas as the EPC lead for its used oil recycling facility in Paulsboro, NJ. The facility, set to be operational in early 2024, will leverage existing infrastructure from PBF Logistics and aims to address environmental concerns related to used oil disposal. CTCIA will finalize the engineering process, ensuring project execution excellence with fixed pricing and performance guarantees. SquareOne's facility will process various waste oils and produce clean on-road fuels, showcasing its innovative approach in the recycling industry.
PBF Energy Inc. (NYSE:PBF) will release its third quarter 2022 earnings on October 27, 2022. The company will hold a conference call at 8:30 a.m. ET the same day to discuss the results and other business matters. Interested parties can access the call via the company's website or by dialing (877) 869-3847. PBF Energy is a major independent refiner operating in various states including California and New Jersey, and also owns approximately 48% of PBF Logistics LP (NYSE:PBFX).
PBF Energy Inc. (NYSE: PBF) announced its participation in the Barclays Energy-Power Conference on September 7, 2022, and the Wells Fargo Leveraged Finance Conference on September 8, 2022. PBF is one of North America's largest independent refiners, with operations in California, Delaware, Louisiana, New Jersey, and Ohio. The company aims to operate its facilities in a safe and environmentally responsible manner while delivering superior returns to investors. Additionally, PBF Energy owns about 48% of PBF Logistics LP (NYSE: PBFX).
PBF Energy reported a strong second quarter 2022, achieving an income from operations of $1,706.6 million, a significant increase from $147.5 million in Q2 2021. Net income reached $1,235.8 million, or $9.65 per share, compared to $69.9 million in the previous year. The company reduced its consolidated debt by over $2.6 billion, improving its net debt to capitalization ratio to 24%. PBF Energy also announced an agreement to acquire the remaining public stake in PBF Logistics. The outlook remains positive with expected strong demand and throughput for the second half of 2022.
PBF Energy (NYSE: PBF) and PBF Logistics (NYSE: PBFX) announced a merger agreement where PBF Energy will acquire the remaining 52.3% of PBF Logistics it does not own. Each common unit of PBF Logistics will convert to 0.270 shares of PBF Energy Class A stock and $9.25 in cash, representing a 13.2% premium over the average price prior to the announcement. This strategic acquisition aims to simplify corporate structure and enhance financial profiles. Approval from unitholders is required for completion. Barclays Capital Inc. is the financial advisor for PBF Energy.
PBF Energy Inc. (NYSE: PBF) announced the full redemption of $1.25 billion of its 9.25% Senior Secured Notes due 2025, effective July 11, 2022. The Notes were redeemed at a price of 104.625%, plus accrued interest. This strategic move allows PBF Holding Company LLC to streamline its debt obligations. PBF Energy operates oil refineries across North America, emphasizing safe and environmentally responsible operations while delivering returns to investors.
PBF Energy Inc. (NYSE:PBF) will announce its second quarter 2022 earnings results on July 28, 2022. The company will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss these results and other business matters. Interested parties can join the call by dialing (877) 869-3847 or (201) 689-8261, or tune in via the company's website. PBF Energy is one of the largest independent refiners in North America, with operations across several states, including California and Louisiana. PBF Logistics LP (NYSE:PBFX) is also partially owned by PBF Energy.
PBF Energy Inc. (NYSE:PBF) will participate in the J.P. Morgan Energy, Power and Renewables Conference on June 22, 2022. The conference will feature members of PBF's management team discussing the company's strategies and outlook. PBF is a leading independent refiner in North America, operating refineries in California, Delaware, Louisiana, New Jersey, and Ohio. PBF Energy also owns about 48% of PBF Logistics LP (NYSE:PBFX), enhancing its position in the energy sector.
PBF Energy Inc. announced a full redemption of its $1.25 billion 9.25% Senior Secured Notes due 2025. This action will take place on July 11, 2022, at a price of 104.625%, plus accrued interest. Wilmington Trust, National Association is the paying agent for the redemption. The company emphasizes that this announcement does not constitute a solicitation of an offer to buy securities. PBF Energy is a significant independent refiner in North America, with operations across multiple states. The company also owns a substantial stake in PBF Logistics LP.
FAQ
What is the current stock price of Pbf Energy (PBF)?
What is the market cap of Pbf Energy (PBF)?
