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0 -0.000314103235263434 -0.000593306111052999 0.00164031689526392 0.00261752696052769 0.00335043450947538 0.00610756290789795 0.00464174781000239
Stock impact report

PBF Energy beats first-quarter profit estimates on stable demand [Reuters]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: Reuters
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 producer Russia. Report this ad PBF's refineries on the East Coast and Mid-continent regions underwent significant planned maintenance during the quarter but are expected to have a clean run for the rest of the Show less Read more
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