PBF Energy (LTS:0KE0) EBIT : $-359 Mil (TTM As of Sep. 2024)

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What is PBF Energy EBIT?

PBF Energy's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-386 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-359 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PBF Energy's annualized ROC % for the quarter that ended in Sep. 2024 was -11.77%. PBF Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -24.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PBF Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -8.04%.

PBF Energy EBIT Historical Data

The historical data trend for PBF Energy's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PBF Energy EBIT Chart

PBF Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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639.10

-1,073.00

645.10

3,803.60

2,949.60

PBF Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															1,071.40	-45.00	145.70	-74.00	-385.80

Competitive Comparison of PBF Energy's EBIT

For the Oil & Gas Refining & Marketing subindustry, PBF Energy's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PBF Energy's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PBF Energy's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where PBF Energy's EV-to-EBIT falls into.

PBF Energy EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-359 Mil.

PBF Energy (LTS:0KE0) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

PBF Energy's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-1427.6 * ( 1 - 29% )	/	( (8664.3	+	8564.3)	/ 2 )
=	-1013.596	/	8614.3
=	-11.77 %

where

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	14076.1	-	4044.6	-	( 1367.2	-	max(0, 4255.5	-	6047	+	1367.2	))
=	8664.3

	Invested Capital		(Q: Sep. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	13130.7	-	3589.7	-	( 976.7	-	max(0, 3825.5	-	5109.3	+	976.7	))
=	8564.3

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

PBF Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1543.2	/	( ( (5798.3 + max(600.8, 0))	+	(5822.7 + max(489.7, 0)) )	/	2 )
=	-1543.2	/	( ( 6399.1	+	6312.4 )	/	2 )
=	-1543.2	/	6355.75
=	-24.28 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1510.1	+	2864.2	+	305.5)	-	(4044.6	+	21	+	13.4)
=	600.8

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1246.4	+	2605.7	+	280.5)	-	(3589.7	+	40.5	+	12.7)
=	489.7

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

PBF Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-359.1	/	4465.612
	=	-8.04 %

PBF Energy EBIT Related Terms

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PBF Energy Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

PBF:USA PBF:Mexico PEN:Germany

Address

One Sylvan Way, Second Floor, Parsippany, NJ, USA, 07054

Website

https://www.pbfenergy.com

PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines and storage facilities. The Logistics segment consists solely of PBFX's operations.

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