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PBF Energy (PBF)
:PBF
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.86Last Year’s EPS
-0.54Same Quarter Last Year
Moderate Sell
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: 19.56%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements such as the successful restart of units at the Martinez refinery and the receipt of a $250 million insurance payment. However, these positives were balanced by financial losses, operational challenges, and market uncertainties, particularly related to crude differentials and renewable diesel regulations.Company Guidance
During the first quarter of 2025, PBF Energy provided guidance that included several key metrics. The company safely restarted several units at the Martinez refinery, with the facility running in a limited configuration producing 85,000 to 105,000 barrels per day. PBF expects to receive a $250 million interim insurance payment in the second quarter, following the end of the business interruption waiting period on April 3. The company announced a $175 million sale of its Knoxville and Philadelphia terminal assets, expected to close in the second half of 2025. Additionally, PBF is on track to exceed its goal of $200 million in annualized run-rate sustainable cost savings by the end of 2025, as part of its Refining Business Improvement program. The revised total capital budget for 2025 is now between $750 million to $775 million, excluding the Martinez rebuild costs covered by insurance.Successful Restart of Martinez Refinery Units
Phase 1 of the Martinez restart plans were completed, including the safe restart of several units like the crude unit and hydrocracker.
Insurance Payment for Martinez Incident
Insurance carriers agreed to a first installment payment of $250 million, expected to be received this quarter, highlighting the strength of the company's insurance program.
Sale of Non-Core Assets
Announcement of the sale of Knoxville and Philadelphia terminal assets for $175 million, expected to close in the second half of the year.
Refining Business Improvement (RBI) Program Progress
Over 500 cost-saving ideas generated, with a focus on achieving more than $200 million of annualized savings by year-end 2025. The company is on track to exceed this goal.
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
PBF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2025 | $16.97 | $16.46 | -3.01% |
Feb 13, 2025 | $25.96 | $22.64 | -12.79% |
Oct 31, 2024 | $27.87 | $27.57 | -1.08% |
Aug 01, 2024 | $39.12 | $37.63 | -3.81% |
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.
FAQ
When does PBF Energy (PBF) report earnings?
PBF Energy (PBF) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is PBF Energy (PBF) earnings time?
PBF Energy (PBF) earnings time is at Jul 24, 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 (Q2) is -0.86.