PBF Energy Announces First Quarter 2025 Results, Sale of Terminal Assets and Declares Dividend of $0.275 per Share PARSIPPANY, NJ - May 1, 2025 - PBF Energy Inc. (NYSE:PBF) today reported first quarter 2025 loss from operations of $511.2 million as compared to income from operations of $145.1 million for the first quarter of 2024. Excluding special items, first quarter 2025 loss from operations was $441.8 million as compared to income from operations of $143.9 million for the first quarter of 2024. The comp ...

First quarter loss from operations of $511.2 million (excluding special items, first quarter loss from operations of $441.8 million) Partial operations restored at Martinez refinery Declared quarterly dividend of $0.275 per share Announces sale of terminal assets for $175 million PBF received notice that its insurers agreed to pay a net $250 million unallocated first installment of insurance proceeds related to the Martinez incidentPARSIPPANY, N.J., May 1, 2025 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) to ...

Industry Overview - The oil and energy sector is experiencing significant challenges in Q1 2025, with falling oil prices and slight increases in natural gas prices creating a complex outlook for growth [1][4] - Oil prices have sharply declined, with West Texas Intermediate crude averaging $71.84 per barrel, down from $77.56 a year ago, primarily due to weaker global economic growth and increased supply [2] - Natural gas prices have surged to an average of $4.15 per million British thermal units (MMBtu), up from $2.13 per MMBtu, driven by colder weather and rising LNG exports [3] Earnings Performance - Energy companies in the S&P 500 are projected to see a 12.9% decline in earnings year-over-year, although this is an improvement from the 22.4% decline in Q4 2024 [4][5] - Revenue for energy companies is expected to decline by 0.3%, contrasting with a 3.8% growth forecast for the broader S&P 500 [4] - Excluding the energy sector, the S&P 500's earnings would rise by 8.3%, indicating the significant drag energy is placing on overall results [5] Company-Specific Insights - TC Energy Corporation (TRP) is expected to report earnings of 72 cents per share, reflecting a 21.74% decrease from the previous year, with a low chance of an earnings beat due to an Earnings ESP of -0.35% and a Zacks Rank of 3 [8][10] - Targa Resources Corp. (TRGP) has a Zacks Consensus Estimate of $2.06 per share, indicating a 68.85% increase year-over-year, but also has a low chance of an earnings beat with an Earnings ESP of -4.12% and a Zacks Rank of 3 [10][12] - PBF Energy Inc. (PBF) is projected to report earnings of $3.24 per share, suggesting a significant 476.74% decrease from the prior year, with an Earnings ESP of 0.00% and a Zacks Rank of 3, indicating low chances for an earnings beat [12][13]

PARSIPPANY, N.J., April 1, 2025 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the first quarter 2025 on Thursday, May 1, 2025. The company will host a conference call and webcast regarding results and other business matters on Thursday, May 1, 2025, at 8:30 a.m. ET. PBF Energy Inc. (NYSE: PBF) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delawar ...

Toronto, Ontario--(Newsfile Corp. - Le 20 mars/March 2025) - Effective immediately, Planet Based Foods Global Inc. will be reinstated for trading. The Company has rectified the situation that gave rise to the suspension. _________________________________ Avec effet immédiat, Planet Based Foods Global Inc. sera réintégrée à la négociation. La Société a rectifié la situation qui a donné lieu à la suspension. Date : Le 20 mars/March 2025 Symbol(s)/Symbole(s) : PBF   ...

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 [2] - The company's mission includes operating facilities in a safe, reliable, and environmentally responsible manner, providing a rewarding workplace for employees, positively influencing local communities, and delivering superior returns to investors [2] Recent Developments - PBF Energy's management team will participate in the Piper Sandler 25th Annual Energy Conference on March 18, 2025 [1] - Presentation materials from the conference will be available on the Investor Relations section of the PBF Energy website [1] Joint Ventures - PBF Energy is a 50% partner in the St. Bernard Renewables joint venture, which focuses on the production of next-generation sustainable fuels [3]

Core Viewpoint - PBF Energy Inc. announced the pricing of $800 million in senior notes with a 9.875% interest rate, due in 2030, to be used for repaying borrowings and general corporate purposes [1]. Group 1: Financial Details - The senior notes were priced at an issue price of 98.563% [1]. - The offering is expected to close on March 17, 2025, subject to customary closing conditions [1]. - The net proceeds from the offering will be used to repay outstanding borrowings under an asset-based revolving credit facility [1]. Group 2: Offering Structure - The notes will be offered in a private placement and are expected to be resold to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S [2]. - The offering will be made only by means of a private offering memorandum and has not been registered under the Securities Act [2]. Group 3: Company Overview - PBF Energy Inc. is one of the largest independent refiners in North America, operating oil refineries and related facilities across several states [5]. - The company aims to operate its facilities safely and responsibly while providing superior returns to investors [5]. - PBF Energy is also a 50% partner in the St. Bernard Renewables joint venture, focusing on sustainable fuels production [6].

Core Viewpoint - PBF Energy Inc. plans to offer $750 million in senior notes due 2030 to repay outstanding borrowings and for general corporate purposes [1] Group 1: Offering Details - The senior notes will be offered in a private placement and are expected to be resold to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S [2] - The offering will be made only by means of a private offering memorandum and has not been registered under the Securities Act or any applicable state securities laws [2][3] Group 2: Company Overview - PBF Energy Inc. is one of the largest independent refiners in North America, operating oil refineries and related facilities in multiple states including California, Delaware, Louisiana, New Jersey, and Ohio [5] - The company aims to operate its facilities safely and responsibly, provide a rewarding workplace for employees, positively influence local communities, and deliver superior returns to investors [5] Group 3: Joint Ventures - PBF Energy is a 50% partner in the St. Bernard Renewables joint venture, which focuses on producing next-generation sustainable fuels [6]

Company Leadership Transition - Thomas J. Nimbley will retire as Executive Chairman of PBF Energy Inc. on June 30, 2025, and will assume the role of non-executive Chairman of the Board if re-elected at the 2025 Annual Meeting of Stockholders [1] - Nimbley served as CEO from June 2010 to June 2023 and has been Executive Chairman since then, overseeing the growth of PBF Energy from a start-up to one of the largest independent refiners in the U.S. with a refining system of six refineries and a combined throughput of approximately 1 million barrels per day [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 [4] - The company aims to operate its facilities safely and responsibly, provide a rewarding workplace for employees, positively influence local communities, and deliver superior returns to investors [4] Joint Ventures and Future Plans - PBF Energy is a 50% partner in the St. Bernard Renewables joint venture, which focuses on the production of next-generation sustainable fuels [5]

PBF Energy Inc. (PBF) has announced plans to repair and restart its 157,000 barrel-per-day Martinez refinery in California, which was damaged by a fire on Feb. 1. The restart will take place in two stages, with key units, including the crude unit, expected to resume operations in second-quarter 2025. The refinery will initially operate at a reduced throughput of 85,000 to 105,000 barrels per day, producing limited gasoline, jet fuel and intermediates.The second stage of the restart will focus on units that ...