PBF Energy (PBF) said Thursday it swung to a Q3 adjusted loss of $1.50 per diluted share from an adjusted profit of $6.61 a year earlier.
Analysts polled by Capital IQ expected an adjusted loss of $1.30.
Revenue for the quarter ended Sept. 30 was $8.38 billion, down from $10.73 billion a year earlier.
Analysts surveyed by Capital IQ expected $8.22 billion.
The refining company said it expects full-year 2024 capital expenditures of around $850 million.
PBF Energy also raised its quarterly dividend to $0.275 per share, payable Nov. 27 to shareholders of record as of Nov. 13.
Shares were 1% lower in recent trading.
Price: 28.57, Change: -0.26, Percent Change: -0.90
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