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PBF Energy’s Q3 Non-GAAP EPS Beats Estimates by $1.67 as Revenue Reaches $12.13 Billion

Revenue rose 58.6% year over year, while net income attributable to PBF Energy totaled $1.53 billion, up from $170.1 million.

Refinery towers rise above a web of pipes in early morning light / TokenPost.ai
Refinery towers rise above a web of pipes in early morning light / TokenPost.ai

PBF Energy's third-quarter non-GAAP earnings per share reached $12.78, beating estimates by $1.67, as revenue rose 58.6% from a year earlier to $12.13 billion. Revenue was $1.35 billion above estimates.

Net income attributable to PBF Energy was $1.53 billion; the comparison figure was $170.1 million. The company posted $2.10 billion in operating income, and the comparison figure was $285.9 million.

PBF Energy is an independent U.S. petroleum refiner.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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