PBF Energy Q1 Profit Jumps - Quick Facts

(RTTNews) - PBF Energy Inc. (PBF) posted a sharp surge in first-quarter net income attributable to the company to $77.44 million, from $11.41 million a year earlier. Quarterly net income available to Class A common stock per share were $1.42, versus last year's $0.48.

Adjusted pro forma net income was $140.7 million, or $1.44 per share for the first quarter 2014. On average, 11 analysts polled by Thomson Reuters expected earnings per share of $0.95 for the quarter. Analysts' estimates typically exclude one-time items.

For the quarter, revenues totaled $4.75 billion, compared with $4.8 billion in the prior-year period.

The company also announced that it would pay a quarterly dividend of $0.30 per share of Class A common stock on May 29, 2014, to holders of record as of May 12, 2014.