On Monday, PBF Energy Inc (NYSE:PBF)’s shares declined -2.87% to $27.77.
PBF Energy Inc (PBF) stated first quarter 2015 Operating Income, not taking into account special items, of $151.2 million as compared to Operating Income of $260.2 million for the first quarter of 2014. Special items in the first quarter 2015 results comprise a net, non-cash, after-tax $12.7 million lower-of-cost-or-market (“LCM”) inventory adjustment. Adjusted Fully-Converted Net Income for the first quarter 2015, not taking into account special items, was $79.3 million, or $0.87 per share on a fully exchanged, fully diluted basis, as described below, contrast to Adjusted Fully-Converted Net Income of $140.7 million, or $1.44 per share, for the first quarter 2014. On a GAAP basis, the company stated a first quarter 2015 Net Income of $103.1 million, and Net Income attributable to PBF Energy Inc. of $87.3 million or $1.04 per share. This compares to GAAP Net Income of $183.3 million, and Net Income attributable to PBF Energy Inc. of $77.4 million or $1.43 per share for the first quarter 2014. PBF Energy’s financial results reflect the consolidation of the financial results of PBF Logistics LP (PBFX), a master limited partnership of which PBF indirectly owns the general partner and about 52.1% of the limited partner interests as of quarter-end.
PBF Energy Inc., together with its auxiliaries, engages in the refining and supply of petroleum products. It produces gasoline, ultra-low-sulfur diesel, heating oil, jet fuel, lubricants, petrochemicals, and asphalt, in addition to unbranded transportation fuels, heating oil, petrochemical feedstocks, and other petroleum products.
Oasis Petroleum Inc. (NYSE:OAS)’s shares dropped -2.87% to $17.28.
Oasis Petroleum Inc. (OAS) is planned to release its first quarter earnings results after the closing bell on Wednesday. The company is predictable to report earnings of 26 cents per share on revenue of $266.3 million.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
At the end of Monday’s trade, Berry Plastics Group Inc (NYSE:BERY)‘s shares dipped -2.82% to $34.15.
Berry Plastics Group Inc (BERY) stated results for its second fiscal 2015 quarter, referred to in the following as the March 2015 quarter:
Recorded net income per diluted share of $0.31 and adjusted net income per diluted share of $0.42 for the March 2015 quarter
Raised Operating EBITDA by 10 percent to $210 million for the March 2015 quarter contrast to $191 million in the March 2014 quarter
Generated $112 million of cash flow from operations and adjusted free cash flow of $71 million for the March 2015 quarter
Berry Plastics Group, Inc. manufactures and distributes plastic consumer packaging and engineered materials in North America and internationally. The company operates through four segments: Rigid Open Top, Rigid Closed Top, Engineered Materials, and Flexible Packaging.
Hertz Global Holdings Inc (NYSE:HTZ), ended its Monday’s trading session with -2.73% loss, and closed at $21.76.
Hertz Global Holdings Inc (HTZ) declared that its Hertz London Heathrow operations hosted seven Kingston College Travel and Tourism students at week-long work experience placements throughout April. Hertz and Kingston College connected through their mutual affiliation with the Global and Travel Tourism Partnership (GTTP.org), a multi-country educational foundation to introduce students to career opportunities in Travel & Tourism.
Hertz Global Holdings, Inc., through its auxiliaries, is engaged in the car and equipment rental businesses worldwide. It operates through four segments: U.S. Car Rental, International Car Rental, Worldwide Equipment Rental, and All Other Operations.
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