Edition:
United Kingdom

Pbf Energy Reports Q1 EPS $1.89


Wednesday, 1 May 2019 

May 1 (Reuters) - Pbf Energy Inc ::PBF ENERGY REPORTS FIRST QUARTER 2019 RESULTS, ANNOUNCES DROP-DOWN OF REMAINING 50% INTEREST IN TORRANCE VALLEY PIPELINE COMPANY AND DECLARES DIVIDEND OF $0.30 PER SHARE.Q1 EARNINGS PER SHARE $1.89.Q1 EARNINGS PER SHARE ESTIMATE $-0.92 -- REFINITIV IBES DATA.Q1 LOSS PER SHARE $1.18 EXCLUDING ITEMS.FOR Q2 2019, EXPECT EAST COAST TOTAL THROUGHPUT TO AVERAGE 320,000 TO 340,000 BARRELS PER DAY.FOR FULL-YEAR 2019, EXPECT EAST COAST TOTAL THROUGHPUT TO AVERAGE 330,000 TO 350,000 BARRELS PER DAY.MID-CONTINENT TOTAL THROUGHPUT IS EXPECTED TO AVERAGE 160,000 TO 170,000 BARRELS PER DAY IN Q2.FOR Q2 2019, WE EXPECT EAST COAST TOTAL THROUGHPUT TO AVERAGE 320,000 TO 340,000 BARRELS PER DAY.GULF COAST TOTAL THROUGHPUT IS EXPECTED TO AVERAGE 190,000 TO 200,000 BARRELS PER DAY IN Q2.SEES Q2 MID-CONTINENT TOTAL THROUGHPUT IS EXPECTED TO AVERAGE 160,000 TO 170,000 BARRELS PER DAY.GULF COAST TOTAL THROUGHPUT IS EXPECTED TO AVERAGE 190,000 TO 200,000 BARRELS PER DAY FOR FY 2019.WEST COAST TOTAL THROUGHPUT IS EXPECTED TO AVERAGE 160,000 TO 170,000 BARRELS PER DAY FOR FY 2019.WEST COAST TOTAL THROUGHPUT IS EXPECTED TO AVERAGE 160,000 TO 170,000 BARRELS PER DAY IN Q2.SEES Q2 GULF COAST TOTAL THROUGHPUT TO AVERAGE 190,000 TO 200,000 BARRELS PER DAY.QTRLY REVENUES $ 5,216.2 MILLION VERSUS $ 5,802.8 MILLION LAST YEAR.MID-CONTINENT TOTAL THROUGHPUT FOR FY 2019 IS EXPECTED TO AVERAGE 150,000 TO 160,000 BARRELS PER DAY.Q1 REVENUE VIEW $5.18 BILLION -- REFINITIV IBES DATA.