PBF Energy (PBF) Misses Q2 EPS by 8c

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Go back to PBF Energy (PBF) Misses Q2 EPS by 8c

PBF Energy Reports Second Quarter 2017 Results, Declares Dividend of $0.30 Per Share

August 3, 2017 6:30 AM EDT

PARSIPPANY, N.J., Aug. 3, 2017 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today reported second quarter 2017 loss from operations of $111.1 million as compared to income from operations of $234.8 million for the second quarter of 2016. Excluding special items, second quarter 2017 income from operations was $39.9 million as compared to income from operations of $77.0 million for the second quarter of 2016. Special items in the second quarter 2017 results include a net, non-cash, after-tax loss of $91.6 million, or $0.81 per share, lower-of-cost-or-market ("LCM") inventory adjustment which decreased operating income and an after-tax charge of $15.4 million, or $0.14 per... More