earnings
confidence high
sentiment positive
materiality 0.85
PBF Energy Q4 operating income $955.6M, adj EPS $4.41; declares $0.20 dividend; JV with Eni for renewables
PBF Energy Inc.
2022-FY EPS reported
$22.84
revenue$46,830,300,000
- Q4 income from operations $955.6M ($873.0M ex-special items); net income $637.8M ($4.86 per share).
- Adjusted fully-converted EPS $4.41 vs $1.28 in Q4 2021; full-year 2022 adjusted EPS $23.36.
- Declares quarterly dividend of $0.20 per share, payable March 16, 2023 to holders of record March 1.
- Announces 50-50 JV with Eni Sustainable Mobility for St. Bernard Renewables; Eni to contribute $835M plus up to $50M.
- Reduced consolidated debt by over $2.3B in 2022; repurchased ~$189M in shares to date.