Edition:
United Kingdom

PBF Energy Inc (PBF.N)

PBF.N on New York Stock Exchange

39.08USD
12 Nov 2018
Change (% chg)

$-1.37 (-3.39%)
Prev Close
$40.45
Open
$40.55
Day's High
$40.55
Day's Low
$39.03
Volume
193,872
Avg. Vol
433,232
52-wk High
$53.87
52-wk Low
$28.26

Latest Key Developments (Source: Significant Developments)

PBF Energy Reports Q3 2018 Results
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - PBF Energy Inc ::PBF ENERGY REPORTS THIRD QUARTER 2018 RESULTS, ANNOUNCES APPROVAL OF CHALMETTE COKER RESTART AND DECLARES DIVIDEND OF $0.30 PER SHARE.Q3 EARNINGS PER SHARE $1.50.Q3 EARNINGS PER SHARE VIEW $1.03 -- THOMSON REUTERS I/B/E/S.Q3 EARNINGS PER SHARE $1.13 EXCLUDING ITEMS.ANNOUNCES RESTART OF IDLED CHALMETTE COKER PLANNED FOR Q4 OF 2019.SEES FY EXPECT EAST COAST TOTAL THROUGHPUT TO AVERAGE 320,000 TO 340,000 BARRELS PER DAY.ONCE IDLED UNIT IS IN SERVICE, CHALMETTE'S TOTAL COKING CAPACITY WILL INCREASE TO 42,000 BARRELS PER DAY.SEES FY MID-CONTINENT TOTAL THROUGHPUT IS EXPECTED TO AVERAGE 145,000 TO 155,000 BARRELS PER DAY.SEES FY GULF COAST TOTAL THROUGHPUT IS EXPECTED TO AVERAGE 185,000 TO 195,000 BARRELS PER DAY.SEES FY WEST COAST TOTAL THROUGHPUT IS EXPECTED TO AVERAGE 170,000 TO 180,000 BARRELS PER DAY.QTRLY REVENUES $7.65 BILLION VERSUS $5.48 BILLION.FOR Q4 2018, EXPECT EAST COAST TOTAL THROUGHPUT TO AVERAGE 330,000 TO 350,000 BARRELS PER DAY.PBF ENERGY - FOR Q4 2018, EXPECT MID-CONTINENT TOTAL THROUGHPUT IS EXPECTED TO AVERAGE 145,000 TO 155,000 BARRELS PER DAY.FOR Q4 2018, EXPECT GULF COAST TOTAL THROUGHPUT IS EXPECTED TO AVERAGE 185,000 TO 195,000 BARRELS PER DAY.FOR Q4 2018, EXPECT WEST COAST TOTAL THROUGHPUT TO AVERAGE 165,000 TO 175,000 BARRELS PER DAY.  Full Article

PBF Energy Inc Files For Potential Stock Shelf Offering
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - PBF Energy Inc ::PBF ENERGY INC FILES FOR POTENTIAL STOCK SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

PBF Energy Q4 Earnings Per Share $2.14
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - PBF Energy Inc ::PBF ENERGY REPORTS FOURTH QUARTER 2017 RESULTS, DECLARES DIVIDEND OF $0.30 PER SHARE.Q4 EARNINGS PER SHARE $2.14.Q4 LOSS PER SHARE $0.04 EXCLUDING ITEMS.QTRLY REVENUE $6.54 BILLION VERSUS $4.75 BILLION LAST YEAR.RESULTS FOR THE FOURTH QUARTER 2017 WERE IMPACTED BY SPECIAL ITEMS‍​.TAX CUTS AND JOBS ACT PROVIDED A NET TAX BENEFIT OF $173.3 MILLION, OR $1.51 PER SHARE IN QUARTER.FOR Q1 2018, EXPECT EAST COAST TOTAL THROUGHPUT TO AVERAGE 330,000 TO 350,000 BARRELS PER DAY.FOR Q1 2018, MID-CONTINENT TOTAL THROUGHPUT IS EXPECTED TO AVERAGE 125,000 TO 135,000 BARRELS PER DAY.PBF ENERGY -SEES Q1 2018 GULF COAST THROUGHPUT OF AVERAGE 180,000 TO 190,000 BARRELS/DAY, WEST COAST THROUGHPUT AVERAGE 160,000 TO 170,000 BARRELS/DAY.  Full Article

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 Q2 loss per share $0.06 excluding items
Thursday, 3 Aug 2017 

Aug 3 (Reuters) - Pbf Energy Inc :Pbf energy reports second quarter 2017 results, declares dividend of $0.30 per share.Q2 loss per share $1.01.Q2 earnings per share view $0.02 -- Thomson Reuters I/B/E/S.Q2 loss per share $0.06 excluding items.Says ‍for q3 2017, expects east coast total throughput to average 320,000 to 340,000 barrels per day​.Sees q3 ‍mid-continent total throughput to average 150,000 to 160,000 barrels per day​.Says q2 ‍gulf coast total throughput is expected to average 185,000 to 195,000 barrels per day​.Says ‍for full-year 2017, we expect east coast total throughput to average 315,000 to 335,000 barrels per day​.For 2017 ‍mid-continent total throughput is expected to average 140,000 to 150,000 barrels per day​.Says ‍it will pay a quarterly dividend of $0.30 per share of class a common stock on august 31, 2017​.Pbf energy inc qtrly revenue $5.02 billion versus. $3.86 billion last year.Q2 revenue view $4.67 billion -- Thomson Reuters I/B/E/S.  Full Article

PBF energy prices senior notes due 2025
Monday, 22 May 2017 

May 22 (Reuters) - PBF Energy Inc :Pbf energy announces pricing of $725 million of 7.25% senior notes due 2025.Pbf energy inc - pbf holding company llc priced $725 million in aggregate principal amount of 7.25% senior notes due 2025 in a private offering.Pbf energy inc - notes will be co-issued by pbf finance corporation, a wholly owned subsidiary of pbf holding.  Full Article

PBF Energy announces cash tender offer by PBF Holding Company
Monday, 22 May 2017 

May 22 (Reuters) - PBF Energy Inc :PBF Energy announces cash tender offer by PBF Holding Company for any and all of its outstanding 8.25% senior secured notes due 2020.PBF Energy - PBF Holding commenced cash tender offer to purchase $675.5 million in aggregate principal amount outstanding of 8.25% senior secured notes due 2020.  Full Article

PBF Energy Q1 loss per share $0.29
Thursday, 4 May 2017 

May 4 (Reuters) - PBF Energy Inc ::Sets quarterly dividend of $0.30 per share.Pbf energy reports first quarter 2017 results, declares dividend of $0.30 per share.Q1 loss per share $0.29.Q1 earnings per share view $-0.49 -- Thomson Reuters I/B/E/S.Q1 loss per share $0.20 excluding items.PBF Energy Inc - for q2 2017, expect east coast total throughput to average 320,000 to 340,000 barrels per day.PBF Energy Inc - qtrly revenue $4.75 billion versus. $2.80 billion last year.Q1 revenue view $4.27 billion -- Thomson Reuters I/B/E/S.Pbf energy sees q2 mid-continent throughput to average 150,000-160,000 barrels/day; sees gulf coast throughput to average 175,000-185,000 barrels/day.PBF Rnergy sees 2017 east coast throughput to average 325,000-345,000 barrels/day; sees fy mid-continent throughput to average 145,000-155,000 barrels/day.PBF Rnergy sees fy gulf coast throughput to average 170,000-180,000 barrels/day and west coast throughput to average 140,000 to 150,000 barrels per day.PBF Energy - special items in q1 include net, non-cash, after-tax loss of $9.7 million, or $0.09 per share, lower-of-cost-or-market inventory adjustment.  Full Article

PBF Logistics announces acquisition of Toledo Terminal from Sunoco Logistics
Monday, 17 Apr 2017 

April 17 (Reuters) - PBF Logistics LP ::PBF Logistics announces acquisition of Toledo Terminal from Sunoco Logistics.Deal for $10.0 million in cash.Co's unit has acquired Toledo, Ohio, refined products terminal assets of Sunoco Logistics LP.  Full Article

UPDATE 4-Trump raises ethanol use in gasoline, appeases farmers ahead of elections

WASHINGTON/NEW YORK, Oct 9 U.S. President Donald Trump launched an effort on Tuesday to increase ethanol use in the nation's gasoline pool, delivering a long-sought political victory to the country's Farm Belt and angering oil refiners ahead of November's congressional elections.