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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) 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.
PBF Energy Inc. (NYSE:PBF) will participate in the Bank of America Energy Credit Conference on June 8, 2022. This event highlights PBF's continuous engagement with the energy sector and its commitment to operational excellence.
As one of North America's largest independent refiners, PBF operates oil refineries in states including California, Delaware, Louisiana, New Jersey, and Ohio. PBF Energy also holds approximately 48% of PBF Logistics LP (NYSE:PBFX), its logistic arm.
PBF Energy announced the successful completion of a multi-year extension of its asset-based revolving credit facility, increasing total commitments to $4.3 billion. This includes a new tranche of $2.75 billion maturing in January 2025 and an existing tranche of $1.55 billion maturing in May 2023. Erik Young, CFO, emphasized the facility's importance for liquidity and financial flexibility. The facility was arranged by a syndicate of 35 banks, led by Bank of America.
PBF Energy reported first quarter 2022 income from operations of $91.0 million, up from $57.7 million in 2021. Excluding special items, it was $141.3 million compared to a loss of $317.8 million in Q1 2021. The net loss was $3.3 million, or $(0.18) per share. Consolidated cash at quarter-end was approximately $1.4 billion. PBF reduced debt by approximately $55 million in Q1 2022. The company is enhancing profitability with a capital expenditure plan of $500-$550 million for 2022 and expects favorable refining conditions going forward.
PBF Energy Inc. (NYSE:PBF) will announce its first quarter 2022 earnings results on April 28, 2022. The company has scheduled a conference call and webcast to discuss the quarterly results and other business matters at 8:30 a.m. ET on the same day. Interested parties can access the call via PBF Energy's website or by telephone. PBF operates several oil refineries across North America and owns approximately 48% of PBF Logistics LP (NYSE:PBFX).
PBF Energy Inc. (NYSE:PBF) announced its participation in the Scotia Howard Weil Energy Conference on March 22, 2022. The event highlights PBF Energy's commitment as one of North America's largest independent refiners, operating facilities across California, Delaware, Louisiana, New Jersey, and Ohio. The company aims to provide safe and responsible operations while delivering superior returns to investors. Additionally, PBF Energy holds approximately 48% of the limited partnership interest in PBF Logistics LP (NYSE:PBFX).
PBF Energy Inc. (NYSE:PBF), a leading independent refiner in North America, will participate in two significant industry events: the Credit Suisse Annual Energy Summit on March 1, 2022, and the Bank of America Refining Conference on March 10, 2022. These conferences provide a platform for PBF's management team to engage with investors and industry experts.
The company operates refineries in California, Delaware, Louisiana, New Jersey, and Ohio, underlining its commitment to safety and environmental responsibility while aiming for superior returns for its investors.
PBF Energy reported a fourth quarter 2021 income from operations of $291.1 million, a significant improvement from a loss of $328.1 million in Q4 2020. Net income for Q4 2021 was $189.1 million, up from a net loss of $286.0 million a year earlier. Adjusted fully-converted net income was $156.8 million, or $1.28 per share, compared to a loss of $547.4 million, or $(4.53) per share, in Q4 2020. The company’s liquidity stood at over $2.4 billion as of December 31, 2021. Going forward, PBF is focused on capital discipline and renewable fuels production at its Chalmette refinery.