PBF Energy (NYSE:PBF) First Quarter 2024 Results
Key Financial Results
- Revenue: US$8.65b (down 7.0% from 1Q 2023).
- Net income: US$106.6m (down 72% from 1Q 2023).
- Profit margin: 1.2% (down from 4.1% in 1Q 2023).
- EPS: US$0.89 (down from US$2.97 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PBF Energy Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 31%.
Looking ahead, revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.1%.
Performance of the American Oil and Gas industry.
The company's shares are down 8.5% from a week ago.
Risk Analysis
Be aware that PBF Energy is showing 3 warning signs in our investment analysis and 2 of those are a bit concerning...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:PBF
PBF Energy
Through its subsidiaries, engages in refining and supplying petroleum products.
Undervalued with excellent balance sheet.
