PBF Energy Reports Fourth Quarter and Full Year 2024 Results, Declares Dividend of $0.275 per Share
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PBF Energy reported a significant increase in its fourth quarter 2024 loss from operations, amounting to $383.2 million, compared to $47.2 million in the same quarter of 2023. Despite the losses, PBF declared a quarterly dividend of $0.275 per share and returned over $60 million to stockholders through dividends and share buybacks in the fourth quarter, totaling approximately $450 million for the year.
February 13, 2025 | 11:45 am
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PBF Energy reported a substantial increase in its fourth quarter 2024 loss from operations, reaching $383.2 million, compared to $47.2 million in the same period of 2023. Despite the losses, the company declared a quarterly dividend of $0.275 per share and returned over $60 million to stockholders through dividends and share buybacks in the fourth quarter, totaling approximately $450 million for the year.
The significant increase in losses from operations is likely to negatively impact investor sentiment and the stock price in the short term. However, the declaration of a dividend and the return of capital to shareholders may provide some support to the stock price, but the overall impact is expected to be negative due to the substantial losses reported.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100