On July 30, PBF Energy Inc rose 9% in regular trading, trading at $72.39/share, with turnover of $103 million.

The surge was driven by the company's Q2 financial results that significantly surpassed analyst expectations. PBF Energy reported adjusted earnings of $6.22 per diluted share, swinging from a loss of $1.03 a year earlier and beating the consensus estimate of approximately $4.15 by over 51%. Quarterly revenue reached $11.68 billion, up from $7.48 billion a year earlier and well above the expected $9.61 billion. Crude and feedstock throughput rose to 887,300 barrels per day from 839,100 barrels per day year-over-year, while the combined gross margin per barrel reached $14.20 compared to a loss of $0.76 in the prior-year period.

Additionally, PBF Energy confirmed receipt of a fifth $250 million undesignated insurance payment related to the Martinez refinery fire, providing additional liquidity support for operational recovery. The company maintained its quarterly dividend at $0.275 per share.

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