PBF Energy (NYSE: PBF) reported Q1 EPS of ($3.53), $1.36 worse than the analyst estimate of ($2.17). Revenue for the quarter came in at $7.07 billion versus the consensus estimate of $6.83 billion.

PBF Guidance Update and Outlook
PBF remains committed to the safety and reliability of our operations. We strive to maintain the quality of our balance sheet and preserve the ability of our operations to continue supporting our long-term strategic goal of increasing the value of our company. At quarter-end, we had approximately $469 million of cash and approximately $2.2 billion of total debt.

Earlier in 2025, we announced PBF\'s Refining Business Improvement (RBI) initiative as part of our ongoing strategic process to extract incremental value across our business. We expect to generate greater than $200 million of annualized, run-rate sustainable cost savings by year-end 2025. Since then, we have generated over 500 cost savings ideas through more than 40 idea generation sessions. Our teams are building out these ideas with actionable, quantifiable and measurable plans. Initially, we are focused on five main areas, including projects and turnarounds, strategic procurement opportunities, the East Coast refining system, the Torrance Refinery and the refining organizational structure.

As a result of an ongoing analysis of operations and market conditions, we now expect full-year capital expenditures in the $750 to $ 775 million range. This amount excludes the costs to restore the damage to the Martinez Refinery resulting from the February 2025 incident. We expect interest expense for the full-year 2025 to be in the $165 to $185 million range.

For earnings history and earnings-related data on PBF Energy (PBF) click here.