earnings
confidence high
sentiment negative
materiality 0.80
PBF Energy Q1 operating income falls to $145M from $532M; EPS $0.86 vs $2.86
PBF Energy Inc.
2024-Q1 EPS reported
$0.86
revenue$8,645,600,000
- Net income $106.6M ($0.86/sh) vs $382.1M ($2.86/sh) in Q1 2023; adjusted EPS $0.85.
- Declared $0.25/sh quarterly dividend, payable May 30 to holders of record May 16.
- Repurchased 2.6M shares for ~$125M in Q1.
- SBR renewable diesel averaged 18,000 bpd; CARB provisional CI approval improves economics.
- Q2 throughput guidance 870,000-930,000 bpd; full-year refining capex $800-850M.