PBF Energy Reports First Quarter 2019 Results, Announces Drop-down of Remaining 50% Interest in Torrance Valley Pipeline Company and Declares Dividend of $0.30 Per Share

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Go back to PBF Energy Reports First Quarter 2019 Results, Announces Drop-down of Remaining 50% Interest in Torrance Valley Pipeline Company and Declares Dividend of $0.30 Per Share

PBF Energy (PBF) Misses Q1 EPS by 30c, Revenues Beat

May 1, 2019 6:37 AM EDT

PBF Energy (NYSE: PBF) reported Q1 EPS of ($1.18), $0.30 worse than the analyst estimate of ($0.88). Revenue for the quarter came in at $5.22 billion versus the consensus estimate of $5.18 billion.

The company reported first quarter 2019 net income of $241.4 million and net income attributable to PBF Energy Inc. of $229.2 million or $1.89 per share.This compares to net income of $41.8 million, and net income... More