BUZZ-PBF Energy down as Q4 loss widens on falling refining margins

Shares of refiner PBF Energy PBF.N fall 4.1% to $25.50 premarket

Company reports Q4 net loss of $289.3 mln compared with a loss of $48.4 mln a year earlier

Posts Q4 adj. loss of $2.82/share vs analysts' estimate of $2.81/share - data compiled by LSEG

Company's reports Q4 consolidated gross refining margin loss of $3.89/barrel compared with a profit of $1.04/barrel a year ago

"Global refining markets remain structurally tight, and capacity rationalization and demand growth are expected to exceed new refinery additions," said PBF's CEO Matt Lucey

Shares lost 49.4% in 2024; up 0.23% YTD as of last close