PBF Energy Q1 2023 net income $382M ($2.86/share) vs loss; dividend $0.20; buyback to $1B

PBF Energy Inc.

2023-Q1 EPS reported $2.86 revenue$9,295,000,000

Q1 net income attributable $382.1M ($2.86/diluted share) vs net loss of $21.1M (-$0.18) in Q1 2022.
Declared Q dividend $0.20/share, payable May 31, record May 17.
Share repurchase authorization increased to $1.0B ($346M repurchased to date, program extended to Dec 2025).
Reduced consolidated debt by $525M in Q1 and $2.8B over trailing 12 months; net debt/cap effectively zero.
St. Bernard Renewables JV with Eni (50-50); Eni contributes $835M; closing expected Q2/Q3 2023; RD unit mechanically complete.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PBF Energy Inc. reported first quarter ended March 31, 2023 results: net income $385.9 million, EPS $2.86 per share.

Period: first quarter ended March 31, 2023
Net income: $385.9 million
EPS: $2.86 per share
Result: reported results

Exact text from the filing

The company reported first quarter 2023 net income of $385.9 million and net income attributable to PBF Energy Inc. of $382.1 million or $2.86 per share.

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9 earnings releases filed in the last 30 days. Browse all earnings releases →

PBF Energy Inc. filing history →

Source: SEC EDGAR

accession 0001534504-23-000022

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