UPDATE 1-PBF Energy beats first-quarter profit estimates on stable demand [Yahoo! Finance]
PBF Energy Inc. Class A (PBF)
Last pbf energy inc. class a earnings: 2/13 06:30 am
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Source: Yahoo! Finance
May 2 (Reuters) - Oil refiner PBF Energy beat Wall Street's first-quarter profit estimates on Thursday, helped by sustained demand for refined products even as maintenance work kept U.S. fuel supplies tight. Adjusted profit of 85 cents per share for the three months ended March 31 surpassed analysts' average estimate of 66 cents, LSEG data showed. "Increasing consumer demand during the quarter helped strengthen the markets as we progressed from the mild winter into spring," PBF CEO Matt Lucey said during the Parsippany, New Jersey-based company's call on Thursday. However, consolidated gross margin per barrel of throughput fell to $2.68 in the January-March quarter from $7.53 last year. PBF's shares rose 0.77% shortly before midday. Global fuel supplies have remained tight as refiners underwent heavy maintenance work during the quarter to prepare equipment for high demand in the summer driving season and as Ukrainian drone attacks caused outages at refineries in major pro
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PBF
News
- PBF Energy Inc. (NYSE: PBF) had its price target lowered by analysts at Piper Sandler from $61.00 to $54.00. They now have a "neutral" rating on the stock.MarketBeat
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- PBF Energy Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- PBF Energy Inc. (NYSE:PBF) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
PBF
Earnings
- 5/2/24 - Beat
PBF
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- PBF's page on the SEC website