PBF Energy Reports Q4 Loss from Operations of $47.2M
2/15 7:52 AM
PBF Energy Reports Q4 Loss from Operations of $47.2M OAKHURST, N.J, (DTN) --- PBF Energy Inc. reported fourth quarter 2023 loss from operations of $47.2 million compared to income from operations of $955.6 million for the fourth quarter 2022. Excluding special items, the fourth quarter 2023 loss from operations was $46.1 million as compared to income from operations of $873 million for the fourth quarter 2022. The company reported a fourth quarter net loss attributable to PBF Energy Inc. of $48.4 million. This compares to net income of $656.1 million and net income attributable to PBF Energy Inc. of $637.8 million for the fourth quarter 2022. Consolidated gross margin per barrel of throughput was $1.04 in the fourth quarter, sinking from $11.22 bbl in the fourth quarter 2022. Gross refining margin, excluding special items, was $9.88 bbl of throughput in the fourth quarter, down about $10 from the fourth quarter 2022. (c) Copyright 2024 DTN, LLC. All rights reserved.
 
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