PBF Energy Inc. (NYSE: PBF) today reported first quarter 2020 loss from operations of $1,366.8 million as compared to income from operations of $364.6 million for the first quarter of 2019. Excluding special items, first quarter 2020 loss from operations was $134.0 million as compared to loss from operations of $141.4 million for the first quarter of 2019. PBF Energy's financial results reflect the consolidation of PBF Logistics LP (NYSE: PBFX), a master limited partnership of which PBF indirectly owns the general partner and approximately 48% of the limited partner interests as of quarter-end.
Benefits from low fuel costs are likely to get reflected on Allegiant's (ALGT) first-quarter 2020 results.
RBC Capital analyst Brad Heffern maintained a Hold rating on PBF Energy (NYSE:PBF) on Friday, setting a price target of $9, which is approximately 0.99% below the present share price of $9.09.
The stock sell-off we have experienced in recent weeks has probably led some to look for bargains on the stock market. As most investors know, a low nominal stock price does not necessarily mean a stock has become a bargain. A lower stock price can change the value proposition of many stock investments.
Q1 2020 PBF Energy Inc Earnings Call
PBF Energy (PBF) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
PBF Energy (NYSE:PBF) shareholders are no doubt pleased to see that the share price has bounced 40% in the last month...
PBF Energy Inc (NYSE: PBF) shares are trading lower on Tuesday.Barclays downgraded the stock from Overweight to Underweight and announced a price target $7.PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the U.S.The company owns refineries in Ohio, Delaware, New Jersey, and Louisiana. Each of the company's refining facilities specializes in the processing of either light, medium, or heavy crude oil.PBF Energy shares were trading down 2.29% at $10.67 at time of publication on Tuesday. The stock has a 52-week range between $34.91 and $5.19.Related Links:Baker Hughes To Sell Lufkin Rod Lift Unit To KPS CapitalOil Analyst Expects US, Canada To Help Balance Market, Dampen PricesLatest Ratings for PBF DateFirmActionFromTo May 2020Credit SuisseMaintainsOutperform May 2020BarclaysDowngradesOverweightUnderweight May 2020Morgan StanleyMaintainsEqual-Weight View More Analyst Ratings for PBF View the Latest Analyst RatingsSee more from Benzinga * Why Beyond Meat's Stock Is Trading Higher Today * Walmart Reports Q1 Earnings Beat, E-Commerce Sales Increase By 74% * Baidu Reports Q1 Sales Beat(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
PBF Energy (PBF) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
PBF Energy Inc. (NYSE:PBF) ("PBF Energy") today announced that its indirect subsidiary, PBF Holding Company LLC ("PBF Holding"), priced $1.0 billion in aggregate principal amount of 9.25% senior secured notes due 2025 (the "Notes") in a private offering. The offering is expected to close on May 13, 2020, subject to customary closing conditions. The Notes will be co-issued by PBF Finance Corporation, a wholly owned subsidiary of PBF Holding. PBF Holding intends to use the net proceeds from the offering for general corporate purposes.
PBF Energy Inc. (NYSE:PBF) ("PBF Energy") today announced that its indirect subsidiary, PBF Holding Company LLC ("PBF Holding"), intends to offer, subject to market and other conditions, $1,000.0 million in aggregate principal amount of senior secured notes due 2025 (the "Notes") in a private offering. The Notes will be co-issued by PBF Finance Corporation, a wholly owned subsidiary of PBF Holding. Completion of the offering is subject to, among other things, pricing and market conditions. PBF Holding intends to use the net proceeds from the offering for general corporate purposes.
PBF Energy's (PBF) Q1 results are hurt by a huge loss in the Refining business and higher costs and expenses, partially offset by an increase in crude oil and feedstocks throughput volumes.
To protect the health and safety of its stockholders, employees and other stakeholders during the coronavirus pandemic, PBF Energy Inc. (NYSE: PBF) today announced that that its 2020 Annual Meeting of Stockholders will be conducted through an online virtual meeting, and will not include an in-person event. The previously announced date and time of the 2020 Annual Meeting (June 4, 2020, at 10:00 a.m. Eastern Time), and the business items to be considered at the 2020 Annual Meeting, remain the same. However, stockholders will not be able to attend the meeting in person.
PBF Energy (PBF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shares of PBF Energy (NYSE:PBF) moved higher by 0.4% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 0.85% year over year to ($1.19), which missed the estimate of ($1.04).Revenue of $5,278,000,000 rose by 1.19% year over year, which missed the estimate of $5,550,000,000.Guidance Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: May 15, 2020View more earnings on PBFWebcast URL: https://78449.choruscall.com/dataconf/productusers/pbf/mediaframe/37454/indexr.htmlPrice Action 52-week high: $34.91Company's 52-week low was at $5.19Price action over last quarter: down 68.01%Company Overview PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Ohio, Delaware, New Jersey, and Louisiana. Each of the company's refining facilities specializes in the processing of either light, medium, or heavy crude oil. Depending on the location of the facility, crude can be received by either water or rail. PBF products are sold throughout the Northeast, Midwest, and Gulf Coast of the United States, and in different regions of Canada. In connection with refining facilities, the company also engages in receiving, handling, transferring, and storing crude oil through subsidiary PBFX.See more from Benzinga * 12 Energy Stocks Moving In Tuesday's Pre-Market Session * 10 Energy Stocks Gaining In Friday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
PBF Energy (PBF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PBF earnings call for the period ending March 31, 2020.
PBF Energy Inc. (NYSE:PBF) announced today that it has changed the date of its previously announced earnings release and earnings call and will now report its results for the first quarter 2020 on Friday, May 15, 2020. The company will host a conference call and webcast regarding quarterly results and other business matters on Friday, May 15, 2020, at 8:30 a.m. ET.
PBF Energy (PBF) delivered earnings and revenue surprises of -9.17% and 13.03%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
The latest analyst coverage could presage a bad day for PBF Energy Inc (NYSE:PBF), with the analysts making...