{"id":11253,"date":"2023-05-05T13:13:21","date_gmt":"2023-05-05T11:13:21","guid":{"rendered":"https:\/\/investmentbell.com\/?p=11253"},"modified":"2023-05-05T13:13:27","modified_gmt":"2023-05-05T11:13:27","slug":"pbf-energy-beats-quarterly-profit-estimates-on-strong-margins","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/hi\/news\/stocks\/pbf-energy-beats-quarterly-profit-estimates-on-strong-margins\/","title":{"rendered":"\u092a\u0940\u092c\u0940\u090f\u092b \u090f\u0928\u0930\u094d\u091c\u0940 \u0928\u0947 \u092e\u091c\u092c\u0942\u0924 \u092e\u093e\u0930\u094d\u091c\u093f\u0928 \u0915\u0947 \u0915\u093e\u0930\u0923 \u0924\u093f\u092e\u093e\u0939\u0940 \u0932\u093e\u092d \u0905\u0928\u0941\u092e\u093e\u0928 \u0915\u094b \u092a\u0940\u091b\u0947 \u091b\u094b\u0921\u093c \u0926\u093f\u092f\u093e"},"content":{"rendered":"<p>(Reuters) &#8211; U.S. refiner PBF Energy (NYSE:PBF) Inc beat estimates for first-quarter profit on Friday, aided by higher margins amid tight supplies and strong demand for fuel.<\/p>\n\n\n\n<p>Refining margins have risen after pandemic-related closures and subsequent declines in fuel inventories raised demand for oil products.<\/p>\n\n\n\n<p>Western sanctions on Russia also crimped global supplies at a time when fuel demand was recovering from pandemic lows, boosting the margins of refiners.<\/p>\n\n\n\n<p>PBF&#8217;s gross refining margin, excluding special items, rose to $1.41 billion in the reported quarter, compared with $850.7 million a year ago.<\/p>\n\n\n\n<p>&#8220;While we cannot anticipate where or when, we expect to see market dislocation moving forward,&#8221; said outgoing Chief Executive Officer Tom Nimbley.<\/p>\n\n\n\n<p>Excluding items, the New Jersey-based company earned $2.76 per share for the three months ended March 31, compared with analysts&#8217; average estimate of $2.58, according to Refinitiv data.<\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost11253\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost11253').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; U.S. refiner PBF Energy (NYSE:PBF) Inc beat estimates for first-quarter profit on Friday, aided by higher margins amid tight supplies and strong demand for fuel. Refining margins have risen after pandemic-related closures and subsequent declines in fuel inventories raised demand for oil products. Western sanctions on Russia also crimped global supplies at a [&hellip;]<\/p>","protected":false},"author":13,"featured_media":11254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-11253","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/hi\/wp-json\/wp\/v2\/posts\/11253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/hi\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/hi\/wp-json\/wp\/v2\/comments?post=11253"}],"version-history":[{"count":0,"href":"https:\/\/investmentbell.com\/hi\/wp-json\/wp\/v2\/posts\/11253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/hi\/wp-json\/wp\/v2\/media\/11254"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/hi\/wp-json\/wp\/v2\/media?parent=11253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/hi\/wp-json\/wp\/v2\/categories?post=11253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/hi\/wp-json\/wp\/v2\/tags?post=11253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}