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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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