Latest news with #PBFEnergyInc
Yahoo
01-08-2025
- Business
- Yahoo
PBF Energy Q2 Loss Narrower Than Expected, Revenues Decline Y/Y
PBF Energy Inc. PBF reported a second-quarter 2025 adjusted loss of $1.03 per share, narrower than the Zacks Consensus Estimate of a loss of $1.19. The bottom line deteriorated from the year-ago quarter's loss of 56 cents per share. Total quarterly revenues declined to $7.48 billion from $8.74 billion in the prior-year quarter. However, the top line beat the Zacks Consensus Estimate of $6.79 billion. Better-than-expected quarterly results were driven by reduced costs and expenses. The positives were partially offset by lower throughput volumes. PBF Energy Inc. Price, Consensus and EPS Surprise PBF Energy Inc. price-consensus-eps-surprise-chart | PBF Energy Inc. Quote Segmental Performance PBF Energy reported an operating loss of $400.4 million in the Refining segment against an operating income of $107.7 million a year ago. The figure lagged our estimate of an operating income of $205.8 million. The company generated a profit of $107.7 million from the Logistics segment, reflecting growth from the prior-year quarter's reported figure of $96.1 million. The figure surpassed our estimate of $53.6 million. Throughput Analysis Volumes In the quarter under review, crude oil and feedstock throughput volumes totaled 839.1 thousand barrels per day (bpd), lower than the year-ago figure of 921.3 thousand bpd. The figure was above our estimate of 836.4 thousand bpd. The East Coast, Mid-Continent, Gulf Coast and West Coast regions accounted for 35.7%, 19.3%, 20.7% and 24.3%, respectively, of the total oil and feedstock throughput volume. Margins The company-wide gross refining margin per barrel of throughput, excluding special items, was $8.38, higher than the year-earlier figure of $8.12. The figure beat our estimate of $7.74. The gross refining margin per barrel of throughput was $7.37 for the East Coast, up from $2.52 in the year-ago quarter. The realized refining margin was $7.35 per barrel for the Gulf Coast, down from $8.66 a year ago. The metric was $10.14 and $9.35 per barrel in the Mid-Continent and West Coast, respectively, compared with $9.50 and $13.21 a year ago. Costs & Expenses Total costs and expenses in the reported quarter were $7.43 billion, down from $8.8 billion in the year-ago period. Our estimate for the same was pinned at $7.37 billion. Cost of sales, including operating expenses, cost of products and others, and depreciation and amortization expenses, amounted to $7.53 billion, lower than $8.73 billion a year ago. Capital Expenditure & Balance Sheet PBF Energy spent $144.5 million in capital on refining operations and $8.2 million on logistics businesses. At the end of the second quarter, it had cash and cash equivalents of $591 million. As of June 30, PBF had a total debt of $2.4 billion, resulting in a total debt-to-capitalization of 30.2%. Outlook For the third quarter of 2025, PBF Energy anticipates throughput volumes on the East Coast to be between 320,000 bpd and 340,000 bpd. In the Mid-continent region, the figure is estimated to be between 150,000 bpd and 160,000 bpd. The Gulf Coast is anticipated to report throughput of 175,000-185,000 bpd, while the West Coast is expected to deliver between 220,000 bpd and 230,000 bpd. PBF's Zacks Rank & Stocks to Consider Currently, PBF Energy carries a Zacks Rank #3 (Hold). Investors interested in the energy sector may look at some better-ranked stocks like Antero Midstream Corporation AM, Viper Energy, Inc. VNOM and Enbridge Inc. ENB, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Antero Midstream generates stable cash flow by providing midstream services under long-term contracts with Antero Resources. The company prioritizes debt reduction by effectively utilizing free cash flow after dividends. Antero Midstream's higher dividend yield compared to its sub-industry peers reflects its commitment to generating shareholder returns. AM's earnings beat estimates in one of the trailing four quarters, met once and missed in the other two, delivering an average negative surprise of 5.50%. Viper Energy generates strong, steady royalty income from its royalty acres in the prolific Permian Basin, with active rigs providing ample growth potential. The company boasts a lower debt-to-capitalization ratio than the composite stocks in the energy sector, indicating a healthier financial position. VNOM's earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 20.41%. Enbridge is a major energy company that owns the longest and most complex oil and gas pipeline system in North America, transporting about 20% of the natural gas used in the United States. The business earns steady fees through long-term contracts, protecting it against big oil price swings or changes in shipment. ENB's earnings beat estimates in two of the trailing four quarters, met once and missed in the other, delivering an average surprise of 0.28%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Antero Midstream Corporation (AM) : Free Stock Analysis Report Enbridge Inc (ENB) : Free Stock Analysis Report PBF Energy Inc. (PBF) : Free Stock Analysis Report Viper Energy Inc. (VNOM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
PBF Energy Insiders Increase Stakes Amid Mixed Analyst Outlook
PBF Energy Inc. (NYSE:PBF) is one of the . Despite the successful completion of phase one of their restart plans for the Martinez refinery, the company receives mixed analyst sentiments. Aerial view of an oil refinery, with smoke billowing from its chimneys. Based in New Jersey, the leading independent petroleum refining and logistics company, PBF Energy Inc. (NYSE:PBF) processes approximately 1 million barrels per day into transportation fuels, heating oil, lubricants, petrochemical feedstocks, and asphalt. The company owns six refineries across the U.S., with extensive pipeline and terminal networks to support its business operations. In its Q1 2025 earnings report, the company announced the completion of phase one of its restart plans for the Martinez refinery alongside the receipt of the first insurance installment of $250 million. Though this is good news for the financial position of the company, the adjusted net loss of $3.09 per share during the quarter due to economic headwinds raised concern among analysts. While UBS maintained a Buy rating on the stock at the beginning of June, Piper Sandler sticks to their Sell rating on the stock. Wells Fargo, on the other hand, reiterates a Hold rating on PBF Energy Inc. (NYSE:PBF) but raises the price target from $18 to $21. With a consensus Hold rating from 16 analysts as per CNN, the company has a positive insider transaction of 6.15%, hinting at the possibility of future growth. While we acknowledge the potential of PBF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best High Risk Penny Stocks to Invest in and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-06-2025
- Business
- Yahoo
PBF Energy (PBF) Surges 6% on Higher Oil Prices
PBF Energy Inc. (NYSE:PBF) is one of the . PBF Energy rallied for a third day on Tuesday, adding 6.6 percent to close at $24.39 apiece as investors loaded up positions following the surge in oil prices. As of writing, Brent crude prices have gone up by 4.4 percent, while WTI crude oil prices are up by 0.77 percent. PBF Energy Inc. (NYSE:PBF), a petroleum refining and logistics company, rallied alongside its counterparts amid the ongoing tensions between Israel and Iran, putting pressure on oil prices. Aerial view of an oil refinery, with smoke billowing from its chimneys. In recent news, PBF Energy Inc. (NYSE:PBF) said it expects to save more than $200 million of annualized, run-rate sustainable cost savings by year-end 2025. As a result of the ongoing measures, PBF Energy Inc. (NYSE:PBF) is now programming between $750 million and $775 million in capital expenditures. The amount excludes the costs to restore the fire damage to the Martinez Refinery last February. In the first quarter of the year, PBF Energy Inc. (NYSE:PBF) swung to an attributable net loss of $401.8 million from a net income of $106.6 million in the same period last year. Revenues declined by 18 percent to $7.07 billion from $8.64 billion year-on-year. While we acknowledge the potential of PBF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-05-2025
- Business
- Yahoo
Why PBF Energy Inc. (PBF) Stock Surged So High This Week
PBF Energy Inc. (NYSE:PBF) was among the energy stocks that gained the most this week. In this article, we are going to discuss why the stock surged 21.9% between May 7th and May 14th. Aerial view of an oil refinery, with smoke billowing from its chimneys. PBF Energy Inc. (NYSE:PBF) is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. PBF Energy Inc. (NYSE:PBF) continued to surge this week after it was upgraded by UBS from 'Neutral' to 'Buy'. The brokerage firm also raised the stock's price target from $20 to $26, citing a strong improvement in refining fundamentals and a strong rebound in refining cracks. It must be noted that PBF managed to beat both earnings and revenue estimates in its Q1 2025 results reported earlier this month, despite posting an overall net loss. While we acknowledge the potential of PBF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PBF and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Why PBF Energy Inc. (PBF) Stock Surged So High This Week
PBF Energy Inc. (NYSE:PBF) was among the energy stocks that gained the most this week. In this article, we are going to discuss why the stock surged 21.9% between May 7th and May 14th. Aerial view of an oil refinery, with smoke billowing from its chimneys. PBF Energy Inc. (NYSE:PBF) is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. PBF Energy Inc. (NYSE:PBF) continued to surge this week after it was upgraded by UBS from 'Neutral' to 'Buy'. The brokerage firm also raised the stock's price target from $20 to $26, citing a strong improvement in refining fundamentals and a strong rebound in refining cracks. It must be noted that PBF managed to beat both earnings and revenue estimates in its Q1 2025 results reported earlier this month, despite posting an overall net loss. While we acknowledge the potential of PBF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PBF and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Sign in to access your portfolio
