NYSE$PBF
PBF Energy Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
PBF Energy faced a challenging Q4 2024 with a significant decline in revenue and widening losses. Lower refining margins, inventory adjustments, and operational disruptions, including a fire at the Martinez refinery, heavily impacted results.
Headline financials
Revenue & EPS history
PBF Energy · Revenue · Quarterly
$7.35B
Revenue by segment
PBF Energy · $10.9B total across 2 segments · Q4 2022
- Refining$10.8B+31.6%99.1%
- Logistics$96.9M+8.5%0.9%
Forward guidance
PBF Energy expects continued operational challenges in Q1 2025, with planned maintenance and a temporary shutdown at the Martinez refinery. Market conditions remain tight, but the company aims to capitalize on refining margin improvements.
Tailwinds
- Strong balance sheet provides financial flexibility.
- Strategic maintenance investments expected to enhance reliability.
- Expected improvement in refining margins over the cycle.
- Renewable diesel production continues despite planned catalyst change.
- Share repurchase program demonstrates commitment to shareholder value.
Headwinds
- Fire at Martinez refinery leads to temporary shutdown.
- Lower refining margins impacting profitability.
- Reduced renewable diesel production in Q1 due to maintenance.
- Uncertainty in cost estimates for Martinez repairs.
- Challenging market conditions with demand fluctuations.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+1.0%
Avg return
Earnings day
+2.7%
Avg return
5 days after
+6.8%
Avg return
30 days after
58%
31 / 53 earnings
Positive
+17.8%
Q1 2020
Best reaction
-12.8%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.5% | +7.1% | -5.7% | |
| Q4 2025 | -5.9% | -5.1% | +21.6% | |
| Q3 2025 | +0.8% | +3.5% | +1.1% | |
| Q1 2025 | -3.0% | +9.1% | +10.9% | |
| Q4 2024 | -12.8% | -10.1% | -22.1% | |
| Q3 2024 | -2.6% | +0.0% | +9.2% | |
| Q2 2024 | -11.2% | -11.8% | -16.4% | |
| Q1 2024 | -0.6% | -2.2% | -11.2% | |
| Q4 2023 | -7.8% | -11.1% | +8.4% | |
| Q3 2023 | -4.6% | -8.8% | -6.4% | |
| Q2 2023 | -4.6% | -1.6% | +3.6% | |
| Q1 2023 | +4.0% | +12.9% | +18.3% | |
| Q4 2022 | +0.1% | +5.9% | -3.3% | |
| Q3 2022 | +2.2% | +4.0% | +1.9% | |
| Q2 2022 | +7.1% | +7.0% | +17.9% | |
| Q1 2022 | +6.3% | +11.3% | +20.4% | |
| Q4 2021 | -2.3% | -3.8% | +27.5% | |
| Q3 2021 | -0.6% | -0.6% | -16.8% | |
| Q2 2021 | -3.2% | -1.3% | +15.2% | |
| Q1 2021 | -0.8% | +9.9% | +12.9% | |
| Q4 2020 | +10.6% | +21.7% | +92.9% | |
| Q3 2020 | +9.4% | +18.5% | +85.2% | |
| Q2 2020 | +11.9% | +11.4% | +11.6% | |
| Q1 2020 | +17.8% | +20.5% | +27.0% | |
| Q4 2019 | +0.6% | -5.7% | -44.6% | |
| Q3 2019 | +6.3% | +3.7% | -2.6% | |
| Q2 2019 | -12.3% | -16.7% | -15.1% | |
| Q1 2019 | -1.6% | +0.4% | -21.4% | |
| Q4 2018 | -2.9% | -2.4% | -9.8% | |
| Q3 2018 | +6.2% | +5.2% | -4.8% | |
| Q2 2018 | +5.8% | +10.6% | +13.0% | |
| Q1 2018 | +1.6% | +2.3% | +25.6% | |
| Q4 2017 | +1.6% | -2.5% | +6.1% | |
| Q3 2017 | +3.0% | +6.5% | +6.4% | |
| Q2 2017 | +0.3% | -2.8% | +6.3% | |
| Q1 2017 | -2.2% | +2.2% | -8.2% | |
| Q4 2016 | -1.3% | +1.0% | -10.8% | |
| Q3 2016 | +4.1% | +7.9% | +20.4% | |
| Q2 2016 | +2.7% | +10.1% | +1.0% | |
| Q1 2016 | -8.8% | — | — | |
| Q4 2015 | +3.0% | — | — | |
| Q3 2015 | +6.2% | — | — | |
| Q2 2015 | +5.7% | — | — | |
| Q1 2015 | -1.3% | — | — | |
| Q4 2014 | +6.2% | — | — | |
| Q3 2014 | +6.7% | — | — | |
| Q2 2014 | -5.6% | — | — | |
| Q1 2014 | +9.6% | — | — | |
| Q4 2013 | +6.2% | — | — | |
| Q3 2013 | +3.1% | — | — | |
| Q2 2013 | +0.5% | — | — | |
| Q1 2013 | -3.3% | — | — | |
| Q4 2012 | +1.0% | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — |
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