PBF Energy Reports Fourth Quarter 2020 Results

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Go back to PBF Energy Reports Fourth Quarter 2020 Results

PBF Energy (PBF) Misses Q4 EPS by $1.36

February 11, 2021 6:33 AM EST

PBF Energy (NYSE: PBF) reported Q4 EPS of ($4.53), $1.36 worse than the analyst estimate of ($3.17). Revenue for the quarter came in at $3.66 billion versus the consensus estimate of $3.91 billion.

Strategic Update and Outlook:

During the fourth quarter, PBF Energy announced the operational reconfiguration of its East Coast Refining System comprised of its Delaware City and Paulsboro refineries. The completed reconfiguration resulted in the idling of the following units at the Paulsboro refinery: the smaller of two crude... More