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Mar 31, 2024
PBF Energy Q1 2024 Earnings Report
PBF Energy reported first quarter 2024 results with income from operations at $145.1 million and declared a dividend of $0.25 per share.
Key Takeaways
PBF Energy Inc. reported a first quarter 2024 income from operations of $145.1 million, compared to $532.4 million for the first quarter of 2023. Net income attributable to PBF Energy Inc. was $106.6 million, or $0.86 per share, compared to $382.1 million, or $2.86 per share for the first quarter 2023. The company repurchased approximately 2.6 million shares for approximately $125 million and announced a quarterly dividend of $0.25 per share.
First quarter income from operations was $145.1 million (excluding special items, $143.9 million).
A quarterly dividend of $0.25 per share was announced.
Share repurchases in the first quarter 2024 totaled approximately 2.6 million shares for approximately $125 million.
SBR averaged approximately 18,000 barrels per day of renewable diesel production in the first quarter.
PBF Energy
PBF Energy
PBF Energy Revenue by Segment
Revenue by Segment
Refining Revenue
CapyFin.comLogistics Revenue
CapyFin.com Forward Guidance
PBF expects full-year 2024 refining capital expenditures to be in the $800 to $850 million range. Second quarter throughput expectations are between 870,000 and 930,000 barrels per day.
Revenue & Expenses
Visualization of income flow from segment revenue to net income