PBF Energy Q2 income from operations $1.7B, EPS $9.65; announces acquisition of PBF Logistics units

PBF Energy Inc.

2022-Q2 EPS reported $9.58 revenue$23,219,400,000

Q2 2022 income from operations $1,706.6M vs $147.5M YoY; net income $1,235.8M ($9.65/share).
Adjusted fully-converted net income $1,329.2M ($10.58/share) vs net loss of $152.6M in Q2 2021.
Reduced consolidated debt by over $2.2B in Q2; net debt to capitalization improved to 24% from 59% at year-end 2021.
Agreed to acquire remaining ~52% public stake in PBF Logistics LP (NYSE:PBFX) for a mix of PBF stock and cash.
Full-year 2022 refining capex expected $500-550M; throughput guidance 895,000-955,000 bpd.

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