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PBF Energy Inc (PBF.N)

PBF.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

PBF energy prices senior notes due 2025
Monday, 22 May 2017 05:14pm EDT 

May 22 (Reuters) - PBF Energy Inc :Pbf energy announces pricing of $725 million of 7.25% senior notes due 2025.Pbf energy inc - pbf holding company llc priced $725 million in aggregate principal amount of 7.25% senior notes due 2025 in a private offering.Pbf energy inc - notes will be co-issued by pbf finance corporation, a wholly owned subsidiary of pbf holding.  Full Article

PBF Energy announces cash tender offer by PBF Holding Company
Monday, 22 May 2017 06:57am EDT 

May 22 (Reuters) - PBF Energy Inc :PBF Energy announces cash tender offer by PBF Holding Company for any and all of its outstanding 8.25% senior secured notes due 2020.PBF Energy - PBF Holding commenced cash tender offer to purchase $675.5 million in aggregate principal amount outstanding of 8.25% senior secured notes due 2020.  Full Article

PBF Energy Q1 loss per share $0.29
Thursday, 4 May 2017 06:30am EDT 

May 4 (Reuters) - PBF Energy Inc ::Sets quarterly dividend of $0.30 per share.Pbf energy reports first quarter 2017 results, declares dividend of $0.30 per share.Q1 loss per share $0.29.Q1 earnings per share view $-0.49 -- Thomson Reuters I/B/E/S.Q1 loss per share $0.20 excluding items.PBF Energy Inc - for q2 2017, expect east coast total throughput to average 320,000 to 340,000 barrels per day.PBF Energy Inc - qtrly revenue $4.75 billion versus. $2.80 billion last year.Q1 revenue view $4.27 billion -- Thomson Reuters I/B/E/S.Pbf energy sees q2 mid-continent throughput to average 150,000-160,000 barrels/day; sees gulf coast throughput to average 175,000-185,000 barrels/day.PBF Rnergy sees 2017 east coast throughput to average 325,000-345,000 barrels/day; sees fy mid-continent throughput to average 145,000-155,000 barrels/day.PBF Rnergy sees fy gulf coast throughput to average 170,000-180,000 barrels/day and west coast throughput to average 140,000 to 150,000 barrels per day.PBF Energy - special items in q1 include net, non-cash, after-tax loss of $9.7 million, or $0.09 per share, lower-of-cost-or-market inventory adjustment.  Full Article

PBF Logistics announces acquisition of Toledo Terminal from Sunoco Logistics
Monday, 17 Apr 2017 11:22am EDT 

April 17 (Reuters) - PBF Logistics LP ::PBF Logistics announces acquisition of Toledo Terminal from Sunoco Logistics.Deal for $10.0 million in cash.Co's unit has acquired Toledo, Ohio, refined products terminal assets of Sunoco Logistics LP.  Full Article

PBF Energy reports Q4 adj. loss per share $0.71
Thursday, 16 Feb 2017 06:30am EST 

PBF Energy Inc : PBF Energy reports fourth quarter 2016 results, declares dividend of $0.30 per share . Q4 earnings per share $0.54 . Q4 earnings per share view $-0.51 -- Thomson Reuters I/B/E/S . Q4 loss per share $0.71 excluding items . PBF Energy Inc - for Q1 2017 mid-continent total throughput is expected to average 135,000 to 145,000 barrels per day . PBF Energy Inc - PBF logistics will proceed with construction of a 625,000 barrel tank at PBF energy's Chalmette refinery . PBF Energy Inc - PBF logistics will proceed with development of a natural gas pipeline to supply PBF Energy's Paulsboro refinery . PBF Energy sees Q1 Gulf Coast throughput to average 150,000 to 160,000 bpd and west coast throughput to average 145,000 to 155,000 barrels per day . PBF Energy Inc - qtrly revenue $4.75 billion versus $3.36 billion . Q4 revenue view $4.16 billion -- Thomson Reuters I/B/E/S . Will pay a quarterly dividend of $0.30 per share of class a common stock .PBF Energy Inc - declares quarterly dividend of $0.30 per share.  Full Article

BRIEF-PBF Energy board approves two-year extension to existing share repurchase program
Friday, 30 Sep 2016 04:39pm EDT 

PBF Energy Inc : Has approximately $149.2 million of available repurchase authorization under program going forward . On September 26, 2016, board of directors approved a two year extension to its existing $300.0 million share repurchase program .Repurchase authorization now expires on september 30, 2018..  Full Article

BRIEF-Pbf Energy board approves a two year extension to its existing share repurchase program
Friday, 30 Sep 2016 04:39pm EDT 

PBF Energy Inc : Has approximately $149.2 million of available repurchase authorization under program going forward . On September 26, 2016, board of directors approved a two year extension to its existing $300.0 million share repurchase program .Repurchase authorization now expires on September 30, 2018..  Full Article

PBF Logistics LP prices public offering of 4,000,000 common units
Friday, 12 Aug 2016 09:10am EDT 

Pbf Logistics LP : PBF Logistics LP prices public offering of 4,000,000 common units representing limited partner interests .Offering of 4 million common units has been priced for total gross proceeds of approximately $80.6 million.  Full Article

PBF Logistics to acquire Torrance Valley Pipeline interest
Thursday, 11 Aug 2016 04:30pm EDT 

PBF Logistics LP : PBF Logistics announces intent to acquire Torrance Valley Pipeline interest . To acquire a 50 percent interest in Torrance Valley Pipeline Company LLC ( "TVPC") from an affiliate of PBF Energy Inc . Transaction would be expected to be immediately accretive to unitholders . Conflicts committee is composed of independent directors and was advised by Piper, Jaffray & Co., co's financial advisor . Expects closing of acquisition in Q3 of 2016 . Deal to be financed through cash, borrowings from revolving credit facility and proceeds of equity offering . Deal for $175.0 million in cash . Terms of potential deal being reviewed by conflicts committee of board of general partner of PBF Logistics .Acquisition is conditioned on parties' ability to negotiate and execute definitive transaction documents.  Full Article

PBF Energy posts Q2 earnings of $1.06/share
Friday, 29 Jul 2016 06:30am EDT 

PBF Energy Inc: PBF Energy reports second quarter 2016 results, declares dividend of $0.30 per share . Q2 earnings per share $1.06 . Q2 earnings per share view $0.21 -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.14 excluding items . Continent total throughput is expected to average 155,000 to 165,000 barrels per day . For full-year 2016, we expect east coast total throughput to average 310,000 to 330,000 barrels per day . Sees Q3 mid-Continent total throughput is expected to average 150,000 to 160,000 barrels per day . 2016 west coast total throughput is expected to average 145,000 to 155,000 barrels per day . Qtrly revenue $3,858 million versus $3,550 million . "Our refineries ran better than last quarter, generating positive results as east coast returned to profitability" . PBF Energy Inc sees Q3 gulf coast total throughput is expected to average 155,000 to 165,000 barrels per day . PBF Energy Inc sees q3 west coast total throughput is expected to average 145,000 to 155,000 barrels per day . 2016 gulf coast total throughput is expected to average 160,000 to 170,000 barrels per day . Qtrly margins were negatively impacted by several factors, including narrower light/heavy crude differentials . Declares quarterly dividend of $0.30 per share .For q3 2016, expect east coast total throughput to average 300,000 to 320,000 barrels per day.  Full Article

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BRIEF-PBF energy prices senior notes due 2025

* Pbf energy announces pricing of $725 million of 7.25% senior notes due 2025