Sector: Energy | Industry: Oil & Gas Refining and Marketing |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1 SYLVAN WAY PARSIPPANY NJ 7054 |
Tel: | 1-973-2544414 |
Website: | https://www.pbfenergy.com |
IR: | See website |
Key People | ||
Thomas J. Nimbley Executive Chairman of the Board | Matthew C. Lucey President, Chief Executive Officer, Director | Karen B. Davis Chief Financial Officer, Senior Vice President |
Trecia M. Canty Senior Vice President, General Counsel, Corporate Secretary | T. Paul Davis Senior Vice President, Supply, Trading and Optimization | Jim Fedena Senior Vice President - Logistics, Renewable Fuels, and Strategic Assets |
Wendy Ho Tai Senior Vice President - Human Resources | Thomas L. O'Connor Senior Vice President, Commodity Risk and Strategy | Steven Steach Senior Vice President - Refining |
Business Overview |
PBF Energy Inc. is an independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company sells its products throughout the Northeast, Midwest, Gulf Coast and West Coast of the United States, as well as in other regions of the United States, Canada and Mexico and are able to ship products to other international destinations. The Company operates through two business segments: Refining and Logistics. Its Refining segment includes the operations of its six refineries, which produces unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company's Logistics segment includes PBF Logistics LP (PBFX), a partnership, formed to own or lease, operate, develop and acquire crude oil and refined products terminals, pipelines, storage facilities and similar logistics assets. |
Financial Overview |
For the fiscal year ended 31 December 2023, PBF Energy Inc revenues decreased 18% to $38.32B. Net income decreased 26% to $2.14B. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Refining segment income decrease of 51% to $2.18B. Basic Earnings per Share excluding Extraordinary Items decreased from $23.47 to $17.13. |
Employees: | 3,776 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $6,381M as of Dec 31, 2023 |
Annual revenue (TTM): | $38,325M as of Dec 31, 2023 |
EBITDA (TTM): | $2,662M as of Dec 31, 2023 |
Net annual income (TTM): | $2,141M as of Dec 31, 2023 |
Free cash flow (TTM): | $59.10M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 119,164,894 as of Mar 11, 2024 |
Index Membership: | S&P 400 Mid Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |