U.S. Refiner PBF Energy Deepens Losses for Third Straight Quarter ...Middle East

PBF Energy (NYSE: PBF) on Thursday reported a loss for the fourth quarter amid falling refining margins, booking widening losses for the third consecutive quarter. PBF Energy said that its adjusted fully converted net loss for the fourth quarter of 2024, excluding special items, was $324.5 million, or a loss of $2.82 per share. The loss was in line with the analyst consensus estimate of a loss of $2.81 per share. The loss at the New Jersey-based refiner was the third consecutive quarterly loss after losing $0.54 per share in Q2 and a $1.50 per…

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