- PBF Energy press release ( NYSE: PBF ): Q2 Non-GAAP EPS of $10.58 beats by $3.26 .
- Revenue of $14.08B (+104.1% Y/Y) beats by $3.41B .
- Reduced consolidated debt by more than $2.2 billion including a $900 million revolving credit facility repayment, $45 million debt reduction at PBF Logistics and the redemption of $1.25 billion senior secured notes on July 11, 2022
- Net debt to capitalization reduced to 24% versus 59% at year-end 2021, excluding special items
- PBF Energy Announces Agreement to Acquire Remaining Public Stake in PBF Logistics LP.
- As always, the safety and reliability of our core operations are paramount. We continue to invest in all of our assets and expect full-year 2022 refining capital expenditures in the $500 to $550 million range, which includes advanced purchases of material for future turnarounds. Our annual maintenance, environmental, regulatory and safety capital expenditures are consistently in the $150 to $200 million range. For the second half of 2022, we expect to incur turnaround-related capital expenditures of approximately $100 to $125 million.
- Shares +5.97% PM.
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PBF Energy Non-GAAP EPS of $10.58 beats by $3.26, revenue of $14.08B beats by $3.41B