10:42 AM EDT, 10/31/2024 (MT Newswires) -- 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 ( PBF ) 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