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PBF Energy posts third consecutive quarterly loss on falling margins
PBF
Published: February 13, 2025 by: Reuters
Sentiment: Negative
Published: February 13, 2025 by: Reuters
Sentiment: Negative
PBF Energy posted a third consecutive quarterly loss on Thursday, as the U.S. refiner took a hit from a decline in margins.
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About PBF Energy Inc. (PBF)
- IPO Date 2012-12-13
- Website https://www.pbfenergy.com
- Industry Oil & Gas Refining & Marketing
- CEO Matthew C. Lucey
- Employees 3855
PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products. The company sells its products in Northeast, Midwest, Gulf Coast, and West Coast of the United States, as well as in other regions of the United States, Canada, and Mexico. It also offers various rail, truck, and marine terminaling services, as well as pipeline transportation and storage services. As of December 31, 2021, the company owned and operated six oil refineries and related assets. PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey.