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PBF Energy Inc (PBF.N)

PBF.N on New York Stock Exchange

34.10USD
22 Jan 2018
Change (% chg)

$0.50 (+1.49%)
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Latest Key Developments (Source: Significant Developments)

PBF Holding Co announces extension of exchange offer for 7.25% senior notes due 2025
Monday, 20 Nov 2017 

Nov 20 (Reuters) - PBF Holding Company LLC :PBF Holding Company LLC announces extension of exchange offer for 7.25% senior notes due 2025.Says has extended deadline with respect to its offer to exchange $725 million of its 7.25% senior notes due 2025​.Says exchange offer is now scheduled to expire on December 4, 2017, unless further extended​.  Full Article

PBF Energy Q3 earnings per share $2.85
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - PBF Energy Inc ::PBF Energy reports third quarter 2017 results, declares dividend of $0.30 per share.Q3 earnings per share $2.85.Q3 earnings per share view $1.24 -- Thomson Reuters I/B/E/S.Q3 earnings per share $1.44 excluding items.PBF Energy Inc - ‍for q4 2017, expect east coast total throughput to average 340,000 to 360,000 barrels per day​.PBF Energy Inc - ‍q4 mid-continent total throughput is expected to average 145,000 to 155,000 barrels per day​.PBF Energy sees Q4 ‍gulf coast total throughput is expected to average 190,000 to 200,000 barrels per day​.PBF Energy qtrly revenues $5.48 billion versus $4.51 bln‍​.PBF Energy inc sees Q4 west coast total throughput is expected to average 160,000 to 170,000 barrels per day​.  Full Article

PBF Energy announces intention to offer $725 mln of senior notes
Monday, 22 May 2017 

May 22 (Reuters) - Pbf Energy Inc :PBF Energy announces intention to offer $725 million of senior notes.PBF Energy Inc says its unit intends to offer $725 million in aggregate principal amount of senior notes due 2025.PBF Energy -intends to use net proceeds to fund previously announced cash tender offer for all of outstanding 8.25% senior secured notes due 2020, among others.  Full Article

BRIEF-PBF Energy board approves two-year extension to existing share repurchase program
Friday, 30 Sep 2016 

PBF Energy Inc : Has approximately $149.2 million of available repurchase authorization under program going forward . On September 26, 2016, board of directors approved a two year extension to its existing $300.0 million share repurchase program .Repurchase authorization now expires on september 30, 2018..  Full Article

BRIEF-Pbf Energy board approves a two year extension to its existing share repurchase program
Friday, 30 Sep 2016 

PBF Energy Inc : Has approximately $149.2 million of available repurchase authorization under program going forward . On September 26, 2016, board of directors approved a two year extension to its existing $300.0 million share repurchase program .Repurchase authorization now expires on September 30, 2018..  Full Article

PBF Logistics LP prices public offering of 4,000,000 common units
Friday, 12 Aug 2016 

Pbf Logistics LP : PBF Logistics LP prices public offering of 4,000,000 common units representing limited partner interests .Offering of 4 million common units has been priced for total gross proceeds of approximately $80.6 million.  Full Article

PBF Logistics to acquire Torrance Valley Pipeline interest
Thursday, 11 Aug 2016 

PBF Logistics LP : PBF Logistics announces intent to acquire Torrance Valley Pipeline interest . To acquire a 50 percent interest in Torrance Valley Pipeline Company LLC ( "TVPC") from an affiliate of PBF Energy Inc . Transaction would be expected to be immediately accretive to unitholders . Conflicts committee is composed of independent directors and was advised by Piper, Jaffray & Co., co's financial advisor . Expects closing of acquisition in Q3 of 2016 . Deal to be financed through cash, borrowings from revolving credit facility and proceeds of equity offering . Deal for $175.0 million in cash . Terms of potential deal being reviewed by conflicts committee of board of general partner of PBF Logistics .Acquisition is conditioned on parties' ability to negotiate and execute definitive transaction documents.  Full Article

PBF Energy posts Q2 earnings of $1.06/share
Friday, 29 Jul 2016 

PBF Energy Inc: PBF Energy reports second quarter 2016 results, declares dividend of $0.30 per share . Q2 earnings per share $1.06 . Q2 earnings per share view $0.21 -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.14 excluding items . Continent total throughput is expected to average 155,000 to 165,000 barrels per day . For full-year 2016, we expect east coast total throughput to average 310,000 to 330,000 barrels per day . Sees Q3 mid-Continent total throughput is expected to average 150,000 to 160,000 barrels per day . 2016 west coast total throughput is expected to average 145,000 to 155,000 barrels per day . Qtrly revenue $3,858 million versus $3,550 million . "Our refineries ran better than last quarter, generating positive results as east coast returned to profitability" . PBF Energy Inc sees Q3 gulf coast total throughput is expected to average 155,000 to 165,000 barrels per day . PBF Energy Inc sees q3 west coast total throughput is expected to average 145,000 to 155,000 barrels per day . 2016 gulf coast total throughput is expected to average 160,000 to 170,000 barrels per day . Qtrly margins were negatively impacted by several factors, including narrower light/heavy crude differentials . Declares quarterly dividend of $0.30 per share .For q3 2016, expect east coast total throughput to average 300,000 to 320,000 barrels per day.  Full Article

PBF Energy completes acquisition of Torrance Refinery
Friday, 1 Jul 2016 

PBF Energy Inc : PBF Energy completes acquisition of Torrance Refinery and related logistics assets .Says with acquisition, PBF increased its total throughput capacity to approximately 900,000 barrels per day.  Full Article

PBF energy and PBF logistics says Thomas O'malley to retire
Friday, 27 May 2016 

Pbf Energy Inc : Pbf energy and pbf logistics announce retirement of thomas d. O'malley . Thomas d. O'malley , will retire from his positions at companies at end of june 2016 . O'malley will continue to act as a consultant to pbf through december 2018 . .Thomas nimbley , chief executive officer of pbf and pbfx, will also assume title of chairman of board upon o'malley's retirement.  Full Article

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Philadelphia refiner's woes pose test for U.S. biofuel policy

NEW YORK The worsening financial condition of East Coast oil refiner Philadelphia Energy Solutions will present a new test for America's controversial biofuels policy, legal experts say, revealing whether the government can collect a massive biofuels-related debt from a company in distress.