PBF Energy Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

PBF Energy (NYSE:PBF) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$8.38b (down 22% from 3Q 2023).
• Net loss: US$285.9m (down by 136% from US$786.4m profit in 3Q 2023).
• US$2.48 loss per share (down from US$6.35 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

PBF Energy Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 95%.

Looking ahead, revenue is expected to decline by 2.5% 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 2.8%.

Performance of the American Oil and Gas industry.

The company's shares are down 11% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for PBF Energy that you should be aware of.

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