PBF Energy Inc (PBF) 22.38 $PBF
What Falling Estimates & Price Mean for PBF Energy (PBF)
Zacks Equity Research - Zacks Investment Research - Tue Jul 05, 7:37AM CDT
Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns.
INT: 48.05 (+0.30), PBF: 22.38 (+0.46)
PBF Energy Completes Acquisition of the Torrance Refinery and Related Logistics Assets
PR Newswire - Fri Jul 01, 5:30AM CDT
PBF Energy Inc. (NYSE: PBF) announced today that its subsidiary completed its acquisition of the 155,000 barrel-per-day Torrance refinery, and related logistics assets, from ExxonMobil. With the acquisition, PBF increased its total throughput capacity to approximately 900,000 barrels per day and becomes the fourth largest independent refiner in North America. The purchase price for the assets was $537.5 million, plus working capital. PBF financed the transaction with a combination of cash, including proceeds from its $350 million public equity offering in October of 2015, and borrowings under its existing revolving credit facility.
PBF: 22.38 (+0.46), XOM: 94.95 (+1.06), PBFX: 21.87 (unch)
PBF Energy and PBF Logistics Announce Retirement of Thomas D. O'Malley
PR Newswire - Fri May 27, 3:30PM CDT
PBF Energy Inc. (NYSE
BF) and PBF Logistics LP (NYSEBFX) announced today that Thomas D. O'Malley, will retire from his positions at the Companies at the end of June 2016. Thomas Nimbley, Chief Executive Officer of PBF and PBFX, will also assume the title of Chairman of the Board upon Mr. O'Malley's retirement. Mr. O'Malley will continue to act as a consultant to PBF through December 2018.
PBF: 22.38 (+0.46), PBFX: 21.87 (unch)
PBF Energy to Attend Morgan Stanley Refining Corporate Access Day
PR Newswire - Mon May 09, 3:30PM CDT
PBF Energy Inc. (NYSE: PBF) announced today that the company's management will be meeting with institutional investors at the Morgan Stanley Refining Corporate Access Day on May 12, 2016.
PBF: 22.38 (+0.46), PBFX: 21.87 (unch), MS: 27.37 (+0.91)
PBF Energy reports 1Q loss
Automated Insights - Thu Apr 28, 6:51AM CDT
PARSIPPANY, N.J. (AP) _ PBF Energy Inc. (PBF) on Thursday reported a first-quarter loss of $29.4 million, after reporting a profit in the same period a year earlier.
PBF: 22.38 (+0.46)
PBF Energy Reports First Quarter 2016 Results, Declares Dividend of $0.30 Per Share
PR Newswire - Thu Apr 28, 5:29AM CDT
PBF Energy Inc. (NYSE: PBF) today reported a first quarter 2016 operating loss, excluding special items, of $64.5 million as compared to operating income of $151.2 million for the first quarter of 2015. Special items in the first quarter 2016 results include a net, non-cash, after-tax gain of $35.7 million, or $0.35 per share, lower-of-cost-or-market ("LCM"
inventory adjustment which reduced the operating loss.
PBF: 22.38 (+0.46), PBFX: 21.87 (unch)
PBF Logistics LP Announces Exercise of Option to Purchase Additional Units
PR Newswire - Thu Mar 31, 5:03PM CDT
PBF Logistics LP (NYSE: PBFX) (the "Partnership" announced today that the underwriter of its previously announced registered underwritten public offering of 2,500,000 common units representing limited partner interests has exercised in full its option to purchase an additional 375,000 common units. Total gross proceeds (before underwriter's discounts and commissions) for the full 2,875,000 common units will be approximately $53 million. The offering is expected to close on April 5, 2016, subject to customary closing conditions.
PBF: 22.38 (+0.46), PBFX: 21.87 (unch), PAA: 29.65 (+2.85)
PBF Logistics LP Prices Public Offering of 2,500,000 Common Units Representing Limited Partner Interests
PR Newswire - Thu Mar 31, 7:33AM CDT
PBF Logistics LP (NYSE: PBFX, the "Partnership" announced today that its previously announced registered underwritten public offering of 2,500,000 common units representing limited partner interests has been priced for total gross proceeds (before underwriter's discounts and commissions) of approximately $46 million. The underwriter has offered the common units at prevailing market prices or otherwise from time to time through the New York Stock Exchange, in the over-the-counter-market or through negotiated transactions. The underwriter has a 30-day option to purchase up to 375,000 additional common units. The offering is expected to close on April 5, 2016, subject to customary closing conditions.
PBF: 22.38 (+0.46), PBFX: 21.87 (unch), PAA: 29.65 (+2.85)
The Surprising Reason Prices at the Pump Are Starting to Soar
Matthew DiLallo, The Motley Fool - Motley Fool - Sat Mar 26, 11:00AM CDT
Image source: Mark Freeth via Flickr. Thanks to the big drop in the price of oil over the past couple of years, prices at the pump have dropped significantly. In fact, gas has averaged less than $2 a gallon in the U.S. since dipping below that...
VLO: 49.25 (+0.76), TSO: 76.31 (+2.31), PBF: 22.38 (+0.46)
PBF Energy to Release First Quarter 2016 Earnings Results
PR Newswire - Wed Mar 23, 2:02PM CDT
PBF Energy Inc. (NYSEBF) announced today that it will release its earnings for the first quarter 2016 on Thursday, April 28, 2016. The company will host a conference call and webcast regarding first quarter results and other business matters on Thursday, April 28, 2016, at 8:30 a.m. ET.
PBF: 22.38 (+0.46), PBFX: 21.87 (unch)
PBF Energy to Attend Scotia Howard Weil Energy Conference
PR Newswire - Wed Mar 16, 5:13PM CDT
PBF Energy Inc. (NYSE: PBF) announced today that the company's management will be presenting to and meeting with investors at the Scotia Howard Weil Energy Conference on March 21 and 22, 2016.
PBF: 22.38 (+0.46), PBFX: 21.87 (unch)
Forget Kinder Morgan Inc.: These Energy Stocks Soared in 2015
Matthew DiLallo, The Motley Fool - Motley Fool - Sat Feb 06, 10:31AM CST
Source: Kinder Morgan Kinder Morgan has often compared its business to a big aircraft carrier that can weather any storm in the market and barely feel a thing. That's because its business is primarily fee-based, providing it with very low...
KMI: 19.81 (+0.59), VLO: 49.25 (+0.76), TSO: 76.31 (+2.31), PBF: 22.38 (+0.46)
PBF Energy Provides Update on Delaware City Refinery Operations
PR Newswire - Mon Feb 01, 4:47PM CST
PBF Energy Inc. (NYSE: PBF) announced today that its Delaware City Refinery experienced a plant-wide, unplanned shutdown on January 24, 2016, due to a loss of power during a severe winter storm. The refinery was safely shutdown and there were no injuries. Given prevailing market conditions and current operational capability, the company has decided to move forward its scheduled turnaround of the Delaware City coker and other related units. Personnel are working to return non-affected units to reduced operations. We expect the refinery to complete its turnaround work by the end of the quarter.
PBF: 22.38 (+0.46), PBFX: 21.87 (unch)
The Zacks Analyst Blog Highlights: Valero Energy, Tesoro, PBF Energy, Sunoco L.P. and Transocean
Zacks Equity Research - Zacks Investment Research - Thu Jan 28, 8:30AM CST
The Zacks Analyst Blog Highlights: Valero Energy, Tesoro, PBF Energy, Sunoco L.P. and Transocean
VLO: 49.25 (+0.76), RIG: 12.84 (+1.06), TSO: 76.31 (+2.31), PBF: 22.38 (+0.46), SUN: 30.02 (+0.52)
Oil Up Your Portfolio with 5 Stocks Set to Beat Q4 Earnings
Zacks Equity Research - Zacks Investment Research - Wed Jan 27, 11:29AM CST
Despite the sharp fall in oil prices, there are certain energy companies that are primed to outperform.
VLO: 49.25 (+0.76), RIG: 12.84 (+1.06), TSO: 76.31 (+2.31), PBF: 22.38 (+0.46), SUN: 30.02 (+0.52)
Probe: Exxon deficiencies found in California refinery blast
By GILLIAN FLACCUS - AP - Thu Jan 14, 5:01AM CST
REDONDO BEACH, Calif. (AP) — An explosion at an ExxonMobil oil refinery in California last year could have been prevented if managers had taken into account aging safety equipment and shut down a key, spark-generating part of the refinery before attempting repairs elsewhere, federal investigators said.
PBF: 22.38 (+0.46), XOM: 94.95 (+1.06)
PBF Energy to Attend Industry Conferences
BusinessWire - Wed Dec 30, 11:25AM CST
PBF Energy Inc. (NYSE: PBF) announced today that the company's management will be participating in meetings with investors at the Wolfe Research Refining Conference on January 5, 2016 taking place in Boston, Massachusetts and the Goldman Sachs Global Energy Conference on January 6, 2016 taking place in Miami, Florida.
PBF: 22.38 (+0.46), PBFX: 21.87 (unch)
PBF Energy to Release Fourth Quarter 2015 Earnings Results
BusinessWire - Fri Dec 18, 1:13PM CST
PBF Energy Inc. (NYSEBF) announced today that it will release its earnings for the fourth quarter 2015 on Thursday, February 11, 2016. The company will host a conference call and webcast regarding fourth quarter results and other business matters on Thursday, February 11, 2016, at 8:30 a.m. ET.
PBF: 22.38 (+0.46), PBFX: 21.87 (unch)
What Falling Estimates & Price Mean for PBF Energy (PBF)
Zacks Equity Research - Zacks Investment Research - Tue Jul 05, 7:37AM CDT
Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns.
INT: 48.05 (+0.30), PBF: 22.38 (+0.46)
PBF Energy Completes Acquisition of the Torrance Refinery and Related Logistics Assets
PR Newswire - Fri Jul 01, 5:30AM CDT
PBF Energy Inc. (NYSE: PBF) announced today that its subsidiary completed its acquisition of the 155,000 barrel-per-day Torrance refinery, and related logistics assets, from ExxonMobil. With the acquisition, PBF increased its total throughput capacity to approximately 900,000 barrels per day and becomes the fourth largest independent refiner in North America. The purchase price for the assets was $537.5 million, plus working capital. PBF financed the transaction with a combination of cash, including proceeds from its $350 million public equity offering in October of 2015, and borrowings under its existing revolving credit facility.
PBF: 22.38 (+0.46), XOM: 94.95 (+1.06), PBFX: 21.87 (unch)
PBF Energy and PBF Logistics Announce Retirement of Thomas D. O'Malley
PR Newswire - Fri May 27, 3:30PM CDT
PBF Energy Inc. (NYSE
BF) and PBF Logistics LP (NYSEBFX) announced today that Thomas D. O'Malley, will retire from his positions at the Companies at the end of June 2016. Thomas Nimbley, Chief Executive Officer of PBF and PBFX, will also assume the title of Chairman of the Board upon Mr. O'Malley's retirement. Mr. O'Malley will continue to act as a consultant to PBF through December 2018. PBF: 22.38 (+0.46), PBFX: 21.87 (unch)
PBF Energy to Attend Morgan Stanley Refining Corporate Access Day
PR Newswire - Mon May 09, 3:30PM CDT
PBF Energy Inc. (NYSE: PBF) announced today that the company's management will be meeting with institutional investors at the Morgan Stanley Refining Corporate Access Day on May 12, 2016.
PBF: 22.38 (+0.46), PBFX: 21.87 (unch), MS: 27.37 (+0.91)
PBF Energy reports 1Q loss
Automated Insights - Thu Apr 28, 6:51AM CDT
PARSIPPANY, N.J. (AP) _ PBF Energy Inc. (PBF) on Thursday reported a first-quarter loss of $29.4 million, after reporting a profit in the same period a year earlier.
PBF: 22.38 (+0.46)
PBF Energy Reports First Quarter 2016 Results, Declares Dividend of $0.30 Per Share
PR Newswire - Thu Apr 28, 5:29AM CDT
PBF Energy Inc. (NYSE: PBF) today reported a first quarter 2016 operating loss, excluding special items, of $64.5 million as compared to operating income of $151.2 million for the first quarter of 2015. Special items in the first quarter 2016 results include a net, non-cash, after-tax gain of $35.7 million, or $0.35 per share, lower-of-cost-or-market ("LCM"
inventory adjustment which reduced the operating loss. PBF: 22.38 (+0.46), PBFX: 21.87 (unch)
PBF Logistics LP Announces Exercise of Option to Purchase Additional Units
PR Newswire - Thu Mar 31, 5:03PM CDT
PBF Logistics LP (NYSE: PBFX) (the "Partnership"
announced today that the underwriter of its previously announced registered underwritten public offering of 2,500,000 common units representing limited partner interests has exercised in full its option to purchase an additional 375,000 common units. Total gross proceeds (before underwriter's discounts and commissions) for the full 2,875,000 common units will be approximately $53 million. The offering is expected to close on April 5, 2016, subject to customary closing conditions. PBF: 22.38 (+0.46), PBFX: 21.87 (unch), PAA: 29.65 (+2.85)
PBF Logistics LP Prices Public Offering of 2,500,000 Common Units Representing Limited Partner Interests
PR Newswire - Thu Mar 31, 7:33AM CDT
PBF Logistics LP (NYSE: PBFX, the "Partnership"
announced today that its previously announced registered underwritten public offering of 2,500,000 common units representing limited partner interests has been priced for total gross proceeds (before underwriter's discounts and commissions) of approximately $46 million. The underwriter has offered the common units at prevailing market prices or otherwise from time to time through the New York Stock Exchange, in the over-the-counter-market or through negotiated transactions. The underwriter has a 30-day option to purchase up to 375,000 additional common units. The offering is expected to close on April 5, 2016, subject to customary closing conditions. PBF: 22.38 (+0.46), PBFX: 21.87 (unch), PAA: 29.65 (+2.85)
The Surprising Reason Prices at the Pump Are Starting to Soar
Matthew DiLallo, The Motley Fool - Motley Fool - Sat Mar 26, 11:00AM CDT
Image source: Mark Freeth via Flickr. Thanks to the big drop in the price of oil over the past couple of years, prices at the pump have dropped significantly. In fact, gas has averaged less than $2 a gallon in the U.S. since dipping below that...
VLO: 49.25 (+0.76), TSO: 76.31 (+2.31), PBF: 22.38 (+0.46)
PBF Energy to Release First Quarter 2016 Earnings Results
PR Newswire - Wed Mar 23, 2:02PM CDT
PBF Energy Inc. (NYSE
BF) announced today that it will release its earnings for the first quarter 2016 on Thursday, April 28, 2016. The company will host a conference call and webcast regarding first quarter results and other business matters on Thursday, April 28, 2016, at 8:30 a.m. ET. PBF: 22.38 (+0.46), PBFX: 21.87 (unch)
PBF Energy to Attend Scotia Howard Weil Energy Conference
PR Newswire - Wed Mar 16, 5:13PM CDT
PBF Energy Inc. (NYSE: PBF) announced today that the company's management will be presenting to and meeting with investors at the Scotia Howard Weil Energy Conference on March 21 and 22, 2016.
PBF: 22.38 (+0.46), PBFX: 21.87 (unch)
Forget Kinder Morgan Inc.: These Energy Stocks Soared in 2015
Matthew DiLallo, The Motley Fool - Motley Fool - Sat Feb 06, 10:31AM CST
Source: Kinder Morgan Kinder Morgan has often compared its business to a big aircraft carrier that can weather any storm in the market and barely feel a thing. That's because its business is primarily fee-based, providing it with very low...
KMI: 19.81 (+0.59), VLO: 49.25 (+0.76), TSO: 76.31 (+2.31), PBF: 22.38 (+0.46)
PBF Energy Provides Update on Delaware City Refinery Operations
PR Newswire - Mon Feb 01, 4:47PM CST
PBF Energy Inc. (NYSE: PBF) announced today that its Delaware City Refinery experienced a plant-wide, unplanned shutdown on January 24, 2016, due to a loss of power during a severe winter storm. The refinery was safely shutdown and there were no injuries. Given prevailing market conditions and current operational capability, the company has decided to move forward its scheduled turnaround of the Delaware City coker and other related units. Personnel are working to return non-affected units to reduced operations. We expect the refinery to complete its turnaround work by the end of the quarter.
PBF: 22.38 (+0.46), PBFX: 21.87 (unch)
The Zacks Analyst Blog Highlights: Valero Energy, Tesoro, PBF Energy, Sunoco L.P. and Transocean
Zacks Equity Research - Zacks Investment Research - Thu Jan 28, 8:30AM CST
The Zacks Analyst Blog Highlights: Valero Energy, Tesoro, PBF Energy, Sunoco L.P. and Transocean
VLO: 49.25 (+0.76), RIG: 12.84 (+1.06), TSO: 76.31 (+2.31), PBF: 22.38 (+0.46), SUN: 30.02 (+0.52)
Oil Up Your Portfolio with 5 Stocks Set to Beat Q4 Earnings
Zacks Equity Research - Zacks Investment Research - Wed Jan 27, 11:29AM CST
Despite the sharp fall in oil prices, there are certain energy companies that are primed to outperform.
VLO: 49.25 (+0.76), RIG: 12.84 (+1.06), TSO: 76.31 (+2.31), PBF: 22.38 (+0.46), SUN: 30.02 (+0.52)
Probe: Exxon deficiencies found in California refinery blast
By GILLIAN FLACCUS - AP - Thu Jan 14, 5:01AM CST
REDONDO BEACH, Calif. (AP) — An explosion at an ExxonMobil oil refinery in California last year could have been prevented if managers had taken into account aging safety equipment and shut down a key, spark-generating part of the refinery before attempting repairs elsewhere, federal investigators said.
PBF: 22.38 (+0.46), XOM: 94.95 (+1.06)
PBF Energy to Attend Industry Conferences
BusinessWire - Wed Dec 30, 11:25AM CST
PBF Energy Inc. (NYSE: PBF) announced today that the company's management will be participating in meetings with investors at the Wolfe Research Refining Conference on January 5, 2016 taking place in Boston, Massachusetts and the Goldman Sachs Global Energy Conference on January 6, 2016 taking place in Miami, Florida.
PBF: 22.38 (+0.46), PBFX: 21.87 (unch)
PBF Energy to Release Fourth Quarter 2015 Earnings Results
BusinessWire - Fri Dec 18, 1:13PM CST
PBF Energy Inc. (NYSE
BF) announced today that it will release its earnings for the fourth quarter 2015 on Thursday, February 11, 2016. The company will host a conference call and webcast regarding fourth quarter results and other business matters on Thursday, February 11, 2016, at 8:30 a.m. ET. PBF: 22.38 (+0.46), PBFX: 21.87 (unch)
