PBF Energy (PBF) Q2 2025 Earnings Call July 31, 2025 08:30 AM ET Company ParticipantsColin Murray - Vice President, Investor RelationsMatthew Lucey - Director, President & CEOMichael A. Bukowski - SVP & Head - RefiningKaren Davis - SVP & CFOThomas O'Connor - SVP - Commodity Risk and StrategyNeil Mehta - Head - Americas Natural Resources Equity ResearchManav Gupta - Executive DirectorPaul Davis - Senior Vice President of Supply, Trading & OptimizationJoe Laetsch - Executive Director - Energy Equity ResearchC ...

PBF Energy (PBF) Q2 2025 Earnings Call July 31, 2025 08:30 AM ET Speaker0Good day, everyone, and welcome to the PBF Energy Second Quarter twenty twenty five Earnings Conference Call and Webcast. At this time, all participants have been placed in a listen only mode and the floor will be open for questions following management's prepared remarks. Note this conference is being recorded. It is now my pleasure to turn the floor over to Colin Murray of Investor Relations. Sir, you may begin.Speaker1Thank you, Mik ...

Group 1: Earnings Performance - PBF Energy reported a quarterly loss of $1.03 per share, better than the Zacks Consensus Estimate of a loss of $1.19, and compared to a loss of $0.56 per share a year ago, indicating an earnings surprise of +13.45% [1] - The company posted revenues of $7.48 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 10.04%, although this is a decrease from year-ago revenues of $8.74 billion [2] - Over the last four quarters, PBF Energy has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - PBF Energy shares have lost about 7.2% since the beginning of the year, while the S&P 500 has gained 8.2%, indicating underperformance in the market [3] - The current consensus EPS estimate for the coming quarter is -$0.53 on revenues of $7.69 billion, and for the current fiscal year, it is -$5.88 on revenues of $28.43 billion [7] - The estimate revisions trend for PBF Energy was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6] Group 3: Industry Context - The Oil and Gas - Refining and Marketing industry is currently in the bottom 26% of the Zacks Industry Rank, which may materially impact the performance of PBF Energy's stock [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35764 PBF ENERGY INC. (Exact name of registrant as specified in its charter) Delaware 45-3763855 (State or other jurisdiction o ...

PBF Energy Announces Second Quarter 2025 Results and Declares Dividend of $0.275 per Share PARSIPPANY, NJ - July 31, 2025 - PBF Energy Inc. (NYSE:PBF) today reported second quarter 2025 income from operations of $43.0 million as compared to loss from operations of $74.6 million for the second quarter of 2024. Excluding special items, second quarter 2025 loss from operations was $110.0 million as compared to loss from operations of $72.5 million for the second quarter of 2024. The company reported second qua ...

Second quarter income from operations of $43.0 million (excluding special items, second quarter loss from operations of $110.0 million) Martinez refinery partial operations restored Declared quarterly dividend of $0.275 per sharePARSIPPANY, N.J., July 31, 2025 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported second quarter 2025 income from operations of $43.0 million as compared to loss from operations of $74.6 million for the second quarter of 2024. Excluding special items, second quarter 2025 lo ...

Group 1 - Planet Based Foods Global Inc. has announced a change to its board of directors, effective immediately [1] - The company has appointed Olha Yushchenko, David Eaton, William Blake Aaron, and Dawn Wattie to its leadership team, enhancing governance and bringing fresh perspectives [2][4] - William Blake Aaron will transition from Corporate Secretary to Director and Audit Committee Chair, with gratitude expressed for his previous contributions [3] Group 2 - The CEO, Sigal Shapira, emphasized the importance of the new directors' expertise in public and private sector leadership, capital markets, finance, and corporate law for the company's growth in the plant-based food sector [4] - Planet Based Foods is committed to advancing the plant-based food industry through sustainable food ingredients and innovative solutions, focusing on quality and environmental responsibility [5]

Core Insights - PBF Energy Inc. has seen a 12.9% increase in share price over the past three months, outperforming the Zacks Oil & Gas - Refining and Marketing industry, which declined by 0.3% [1][6] - The company operates a diversified refining network with a throughput capacity exceeding 1 million barrels per day and a Nelson Complexity Index of 12.8, allowing it to process various crude oil types [3][6] - PBF Energy's earnings are projected to grow by 26.6% over the next five years, surpassing the industry average growth of 12.7% [10] Company Operations - PBF Energy has launched a Refining Business Improvement Program aimed at achieving over $200 million in run-rate savings by the end of 2025, enhancing operational efficiency and profitability [4][7] - The company maintains a balanced product output, with 45% gasoline, 36% distillate, and other products, which helps mitigate localized demand fluctuations [8] - PBF Energy has a lower debt-to-capitalization ratio than the industry average and a cash balance of $0.47 billion, sufficient to cover long-term debt obligations of $2.24 billion, indicating strong liquidity [9] Market Position - PBF Energy shares are trading at a price-to-book value of 0.48X, significantly lower than the industry average of 1.78X, suggesting a discount compared to peers [11] - The average price target for PBF Energy shares is $21.23, indicating a potential downside of 2.53% from the last closing price [12] - The company's slow transition to renewable energy compared to peers poses a risk of losing market share, particularly in sectors like renewable diesel and hydrogen fuel [15]

Core Points - PBF Energy Inc. will release its earnings results for the second quarter of 2025 on July 31, 2025 [1] - A conference call and webcast will be held on the same day at 8:30 a.m. ET to discuss the results and other business matters [1][2] Company Overview - PBF Energy Inc. is one of the largest independent refiners in North America, operating oil refineries and related facilities in California, Delaware, Louisiana, New Jersey, and Ohio [3] - The company's mission includes operating facilities safely and responsibly, providing a rewarding workplace for employees, positively influencing local communities, and delivering superior returns to investors [3] - PBF Energy is a 50% partner in the St. Bernard Renewables joint venture, which focuses on producing next-generation sustainable fuels [4]

Group 1 - PBF Energy's shares have declined significantly, losing 68% of their value over the past year [1] - Following the recent earnings release, PBF Energy's stock dropped by 3% [1] - The company has been identified as a poor performer in the market, indicating potential challenges in its operational or financial performance [1]