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PBFBearishEarningsnews
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PBF Energy's (PBF) Q1 Earnings Beat on Higher Throughput

May 3, 2024, 9:02 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- PBF Energy reported Q1 earnings of 86 cents per share, beating estimates but lower YoY. - Total revenues declined to $8,646 million, beating estimates due to higher volumes and lower costs. - Operating income from Refining segment down to $170.6 million, lower margins impacted results. - PBF expects total throughput volumes of 870,000-930,000 barrels per day in Q2. - PBF has a Zacks Rank #2 (Buy), investors can also consider SM, EOG, and Valero. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Investment Analysis

  • PBF Energy reported Q1 earnings of 86 cents per share, beating estimates but lower YoY.
  • Total revenues declined to $8,646 million, beating estimates due to higher volumes and lower costs.
  • Operating income from Refining segment down to $170.6 million, lower margins impacted results.
  • PBF expects total throughput volumes of 870,000-930,000 barrels per day in Q2.
  • PBF has a Zacks Rank #2 (Buy), investors can also consider SM, EOG, and Valero.

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