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PBF Energy Inc. Q4 Loss Increases, Misses Estimates

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

PBF Energy Inc. (PBF) reported Loss for its fourth quarter that increased from the same period last year and missed the Street estimates.

The company's bottom line came in at -$289.3 million, or -$2.54 per share. This compares with -$48.4 million, or -$0.40 per share, last year.

Excluding items, PBF Energy Inc. reported adjusted earnings of -$324.5 million or -$2.82 per share for the period.

Analysts on average had expected the company to earn -$2.78 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 19.6% to $7.351 billion from $9.138 billion last year.

PBF Energy Inc. earnings at a glance (GAAP) :

-Earnings: -$289.3 Mln. vs. -$48.4 Mln. last year.
-EPS: -$2.54 vs. -$0.40 last year.
-Revenue: $7.351 Bln vs. $9.138 Bln last year.

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