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PBF Energy (PBF)
NYSE:PBF
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-1.33Last Year’s EPS
0.85Same Quarter Last Year
Moderate Sell
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -10.45%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Neutral
The call presented a mixed sentiment with a strong emphasis on PBF Energy's financial resilience and strategic cost-saving initiatives, while acknowledging significant challenges such as the Martinez refinery fire and financial losses in the fourth quarter.Company Guidance
During the call, PBF Energy provided guidance that reflects a challenging market environment, with a focus on achieving a $200 million run-rate cost savings by the end of 2025 through their Refining Business Improvement Program. This initiative targets areas such as energy usage and turnarounds, which represent about 30% to 50% of their overall savings goal. Despite reporting an adjusted net loss of $2.82 per share and an adjusted EBITDA loss of $249.7 million for the fourth quarter of 2024, the company expects a constructive outlook for 2025, with refining capacity additions projected to be in the range of 700,000 to 800,000 barrels per day, aligning closely with the anticipated product demand growth of 750,000 barrels per day. Additionally, PBF Energy's financial strategy includes maintaining a strong balance sheet, which stood at approximately $921 million of net debt and a net debt-to-capital ratio of 16%. The company also highlighted its commitment to shareholder returns, having completed approximately $1 billion in share repurchases since December 2022, equating to over 17% of outstanding shares at the beginning of the program.Strong Financial Position
PBF Energy started 2024 with the strongest financial position in its history, maintaining an under-levered balance sheet that provides flexibility to weather challenging markets.
Business Improvement Initiatives
PBF Energy has launched the Refining Business Improvement Program targeting over $200 million in run rate cost savings by the end of 2025, focusing on energy usage, turnarounds, procurement practices, capital planning, and maintenance.
Shareholder Returns
PBF Energy returned approximately $60 million to shareholders in the fourth quarter through share repurchases and dividends, completing $1 billion in share repurchases since December 2022.
Constructive Market Outlook
The company expects a balanced global refining supply and product demand environment in 2025, with net capacity additions expected to match product demand growth.
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PBF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PBF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $26.61 | $23.21 | -12.78% |
| Oct 31, 2024 | $28.57 | $28.26 | -1.09% |
| Aug 01, 2024 | $40.10 | $38.58 | -3.79% |
| May 02, 2024 | $51.09 | $51.49 | +0.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does PBF Energy (PBF) report earnings?
PBF Energy (PBF) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is PBF Energy (PBF) earnings time?
PBF Energy (PBF) earnings time is at May 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PBF EPS forecast?
PBF EPS forecast for the fiscal quarter 2025 (Q1) is -1.33.
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