PBF Energy Q4 Results Beat Estimates - Quick Facts

(RTTNews) - PBF Energy Inc. (PBF) reported net loss attributable to the company for the fourth quarter of $277.61 million or $3.34 per share, compared to net income of $31.16 million or $0.76 per share in the year-ago period.

The latest quarter's results include a non-cash, after-tax $412.7 million lower-of-cost-or-market or LCM write-down of inventory.

Excluding special items, adjusted fully-converted net income for the quarter was $1.13 per share, compared to $0.76 per share in the year-ago period. On average, twelve analysts polled by Thomson-Reuters expected the company to report earnings of $0.89 per share for the quarter. Analysts' estimates typically exclude one-time items.

Net revenues for the quarter declined to $4.52 billion from $4.82 billion in the previous-year quarter. Analysts had a consensus revenue estimate of $3.45 billion.

The company said it will pay a quarterly dividend of $0.30 per share of Class A common stock on March 10, 2015 to holders of record as of February 23, 2015.