PBF Energy Announces East Coast Refining Reconfiguration and Reports Third Quarter 2020 Results
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PBF Energy (PBF) Misses Q3 EPS by 56c, Revenues Miss
October 29, 2020 6:43 AM EDTPBF Energy (NYSE: PBF) reported Q3 EPS of ($2.87), $0.56 worse than the analyst estimate of ($2.31). Revenue for the quarter came in at $3.67 billion versus the consensus estimate of $4.08 billion.
East Coast refining reconfiguration expected to result in $150 million of annual operating and capital expense savingsThird quarter loss from operations of $342.7 million (excluding special items, third quarter loss from operations of $374.2 million)Third quarter consolidated ending cash balance of approximately $1.3 billionTom Nimbley, PBF Energy's Chairman and CEO, said, "Today we announced the reconfiguration of our Delaware City and Paulsboro... More
