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PBF Energy: Q1 Earnings Insights

Benzinga Insights

Shares of PBF Energy (NYSE:PBF) moved higher by 0.4% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were down 0.85% year over year to ($1.19), which missed the estimate of ($1.04).

Revenue of $5,278,000,000 rose by 1.19% year over year, which missed the estimate of $5,550,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: May 15, 2020

View more earnings on PBF

Webcast URL: https://78449.choruscall.com/dataconf/productusers/pbf/mediaframe/37454/indexr.html

Price Action

52-week high: $34.91

Company's 52-week low was at $5.19

Price action over last quarter: down 68.01%

Company Overview

PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Ohio, Delaware, New Jersey, and Louisiana. Each of the company's refining facilities specializes in the processing of either light, medium, or heavy crude oil. Depending on the location of the facility, crude can be received by either water or rail. PBF products are sold throughout the Northeast, Midwest, and Gulf Coast of the United States, and in different regions of Canada. In connection with refining facilities, the company also engages in receiving, handling, transferring, and storing crude oil through subsidiary PBFX.

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