PBF Energy surges to all-time high after swinging to Q2 profit as refining margin swells

PBF Energy shares surged 15.4% to an all-time high of $74.74 after reporting a Q2 adjusted net income swing to $912.9M from a prior-year loss, beating expectations. The gain was aided by expanded refining margins and the return of its Martinez refinery to full production in May.

PBF Energy (PBF) closed up 15.4% on Thursday, posting an all-time intraday high of $74.74, after crushing expectations for Q2 adjusted earnings and revenue, partially helped by the return of its Martinez, California, refinery to producing a full product slate in May. Q2 adjusted net income swung to $912.9M from a loss of $5.3M in the year-earlier q...