PBF Energy: 2Q Earnings Snapshot

August 2, 2018

PARSIPPANY, N.J. (AP) _ PBF Energy Inc. (PBF) on Thursday reported second-quarter net income of $272.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Parsippany, New Jersey-based company said it had net income of $2.37. Earnings, adjusted for non-recurring gains, came to $1.38 per share.

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.

The refiner posted revenue of $7.44 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $5.73 billion.

PBF Energy shares have climbed 30 percent since the beginning of the year. The stock has climbed 97 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PBF at https://www.zacks.com/ap/PBF

All contents © copyright 2019 The Associated Press. All rights reserved.