PBF Earnings Prediction
The chart below shows how PBF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PBF sees a +3.94% change in stock price 10 days leading up to the earnings, and a +1.01% change 10 days following the report. On the earnings day itself, the stock moves by -1.19%. This data can give you a slight idea of what to expect for the next quarter's release.
PBF Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
7.35B
-19.56%
-12.30%
Gross Margin
4.68%
-43.13%
9.60%
Operating Margin
-5.76%
2033.33%
139.00%
Net Margin
-3.98%
650.94%
15.36%
EPS
-2.54
-535.00%
2.42%
No Data Available
PBF Earnings Analysis
PBF Energy Inc Corporation (PBF.N) Earnings Conference Call
Positive
Operational Efficiency Achievement: Successfully executed a major cat turnaround at Chalmette on budget, demonstrating operational efficiency despite challenging market conditions.
Shareholder Value Commitment: PBF Energy returned approximately $60 million to shareholders in the fourth quarter through share repurchases and dividends, reflecting a commitment to shareholder value.
Share Repurchase Impact: Since the introduction of the share repurchase program in December 2022, PBF has repurchased approximately $1 billion in shares, representing over 17% of outstanding shares at the beginning of the program.
Strong Financial Position: The company ended the quarter with approximately $536 million in cash and a net debt of approximately $921 million, maintaining a strong financial position to support operations and investments.
Cost Savings Initiative: PBF Energy has identified over $200 million in run rate cost savings to be implemented by the end of 2025, focusing on energy usage and operational excellence, which will enhance profitability going forward.
Negative
Financial Distress Indicators: Adjusted net loss of $2.82 per share and adjusted EBITDA loss of $249.7 million for Q4 2024, indicating significant financial distress.
Operational Cash Flow Challenges: Cash flow used in operations for the quarter was approximately $330 million, including a working capital headwind of about $83 million, reflecting liquidity challenges.
Refinery Shutdown Impact: The Martinez Refinery is completely down due to a fire incident, impacting production and operational capacity, with no clear timeline for recovery.
High Capital Expenditure Insights: Consolidated CapEx for Q4 was approximately $237 million, with full year 2024 CapEx at around $1 billion, indicating high capital expenditure amidst poor financial performance.
Equity Investment Loss: A $4.8 million loss related to PBF's equity investment in St. Bernard Renewables, contributing to overall financial losses.
PBF FAQs
How does PBF typically perform around its earnings report dates?
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PBF Earning Call Sentiment
Earnings call transcript: PBF Energy Q4 2024 results miss forecasts, stock drops
PBF.N
-0.57%Positive
The earnings call presents challenges: a fire incident at Martinez Refinery causing operational risks, weak financial performance with net and EBITDA losses, and a weak margin environment. Despite cost-saving initiatives and shareholder returns, uncertainties about insurance coverage and regulatory challenges in California add to the negative sentiment. The Q&A reveals management's lack of clarity on key issues, further eroding confidence. While the company maintains a strong financial position, the negative factors outweigh the positives, leading to a likely negative stock reaction in the short term.
