PBF Energy, Inc. (NYSE:PBF) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET
Company Participants
Colin Murray - Senior Director, IR
Thomas Nimbley - Executive Chairman
Matthew Lucey - President, CEO & Director
Timothy Davis - SVP of Supply, Trading & Optimization
Thomas O’Malley - Consultant
Karen Davis - SVP & CFO
Conference Call Participants
Roger Read - Wells Fargo Securities
Doug Leggate - Bank of America Merrill Lynch
John Royall - JPMorgan Chase & Co.
Paul Sankey - Sankey Research
Matthew Blair - Tudor, Pickering, Holt & Co.
Ryan Todd - Piper Sandler & Co.
Manav Gupta - UBS
Operator
Good day, everyone, and welcome to the PBF Energy Second Quarter 2023 Earnings Conference Call and Webcast. [Operator Instructions].
It is now my pleasure to turn the floor over to Colin Murray of Investor Relations. Sir, you may begin.
Colin Murray
Thank you, Debbie. Good morning, and welcome to today's call.
With me today are Matt Lucey, our President and CEO; Tom Nimbley, our Executive Chairman; Karen Davis, our CFO; and several other members of our management team. Copies of today's earnings release and our 10-Q filing, including supplemental information are available on our website.
Before getting started, I'd like to direct your attention to the safe harbor statement contained in today's press release. Statements in our press release and those made on this call that express the company's or management's expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions under federal securities laws. There are many factors that could cause actual results to differ from our expectations, including those we described in our filings with the SEC.
Consistent with our prior periods, we'll discuss our results today, excluding special items. In today's press release, we described the special items included in our quarterly results. The cumulative impact of these special items increased second quarter net income by an after-tax amount of approximately $729 million or $5.59 per share. And this relates primarily to the gain realized on the formation of the St. Bernard Renewables equity method investment.
Also included in today's press release is further guidance related to our 2023 operations. For any questions on these items or follow-up questions, please contact Investor Relations after today's call. For reconciliations of any non-GAAP measures mentioned on today's call, please refer to the supplemental tables provided in today's press release.