PBF Energy (PBF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PBF Energy outpaces rivals with a 12.9% gain, but weak renewables exposure and cautious analyst price targets signal caution.
Reduced costs and expenses aid PBF's Q1 earnings.
PBF Energy Inc. (NYSE:PBF ) Q1 2025 Earnings Conference Call May 1, 2025 8:30 AM ET Company Participants Colin Murray - Investor Relations Matthew Lucey - President and Chief Executive Officer Michael Bukowski - Senior Vice President, Head of Refining Karen Davis - Chief Financial Officer Thomas O'Connor - Senior Vice President, Commodity Risk and Strategy Conference Call Participants Roger Read - Wells Fargo Manav Gupta - UBS John Avedon - Wolfe Research Paul Cheng - Scotiabank Matthew Blair - TPH Neil Mehta - Goldman Sachs Ryan Todd - Piper Sandler Conor Fitzpatrick - Bank of America Jason Gabelman - TD Cowen Operator Good day everyone, and welcome to the PBF Energy First Quarter 2025 Earnings Conference Call and Webcast. At this time, all participants have been placed in a listen-only mode and the floor will be open for questions following management prepared remarks.
While the top- and bottom-line numbers for PBF Energy (PBF) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
PBF Energy (PBF) came out with a quarterly loss of $3.09 per share versus the Zacks Consensus Estimate of a loss of $3.50. This compares to earnings of $0.86 per share a year ago.
Here's a preview of what to expect from energy stocks TRP, TRGP, and PBF ahead of their quarterly earnings reports, set to be released tomorrow.
PBF Energy (PBF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PBF's Martinez refinery, shut since the fire incident on Feb. 1, is set to restart in phases. The first stage will begin in Q2 2025, while full operations are expected by Q4.
PBF Energy's high operating costs and declining crack spreads have led to significant cash burn and a degrading balance sheet, warranting a SELL rating. The Martinez refinery fire adds further uncertainty, with no clear timeline for repairs and potential negative impacts on future cash flow. Despite a low price-to-book valuation, PBF's poor financial performance and lack of cost-effectiveness make it a less attractive investment compared to peers.
PBF Q4 earnings suffer due to lower throughput volumes and a fall in refining margins. However, this is partially offset by reduced costs and expenses.
PBF Energy Inc. (NYSE:PBF ) Q4 2024 Earnings Conference Call February 13, 2025 8:30 AM ET Company Participants Colin Murray - Investor Relations Matthew Lucey - President and Chief Executive Officer Karen Davis - Senior Vice President and Chief Financial Officer Paul Davis - Senior Vice President, Supply, Trading and Optimization Thomas O'Connor - Senior Vice President, Commodity Risk and Strategy Michael Bukowski - Senior Vice President, Head of Refining Conference Call Participants Roger Read - Wells Fargo Ryan Todd - Piper Sandler Manav Gupta - UBS Neil Mehta - Goldman Sachs John Royall - JPMorgan Jason Gabelman - TD Cowen Matthew Blair - TPH Paul Cheng - Scotiabank Operator Good day, everyone and welcome to the PBF Energy Fourth Quarter and Year-End 2024 Earnings Conference Call and Webcast. At this time, all participants have been placed in a listen-only mode and the floor will be open for questions following management's prepared remarks.