10:46 AM EDT, 05/02/2024 (MT Newswires) -- PBF Energy's ( PBF ) shares were gaining in recent Thursday trading after reporting Q1 adjusted net income and revenue above analysts' expectations.

PBF Energy ( PBF ) reported Q1 adjusted net income of $0.85 per diluted share, compared with $2.76 a year earlier.

Analysts polled by Capital IQ expected $0.66.

Revenue for the quarter ended March 31 was $8.65 billion, down from $9.3 billion a year earlier.

Analysts expected $8.33 billion.

The oil refinery company also declared a quarterly dividend of $0.25 per share Thursday, payable May 30 to shareholders of record on May 16.

Price: 52.82, Change: +0.63, Percent Change: +1.21