How did PBF Energy's revenue and expenses trend in Q4 2024 compared to previous quarters?

**PBF Energy's revenue and expenses in Q4 2024 showed a decline compared to the previous quarter**, reflecting broader challenges in the refining industry.

1. **Revenue Trend**:
- PBF Energy's total revenue for Q4 2024 was $7.35 billion.
- This was a decrease from the $8.38 billion reported in Q3 2024.
- The revenue decline was also evident from the previous quarter, with Q2 2024 revenue at $8.74 billion and Q1 2024 revenue at $8.65 billion.

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|PBF|PBF.N|PBF Energy|2023 Q4|-15.743617639194932|9.1387E9|169|
|PBF|PBF.N|PBF Energy|2024 Q1|-6.986551909628832|8.6456E9|169|
|PBF|PBF.N|PBF Energy|2024 Q2|-4.6027343408753385|8.7361E9|169|
|PBF|PBF.N|PBF Energy|2024 Q3|-21.905249918479527|8.3823E9|169|

2. **Expense Trend**:
- Specific expense data for Q4 2024 is not available.
- However, PBF Energy reported a third-quarter loss from operations of $386.3 million, excluding special items, a third-quarter loss from operations of $231.5 million.
- The company's logistics segment reported a profit of $51.3 million.
- PBF Energy identified opportunities for $200 million in run rate cash savings by the end of 2025, indicating a focus on reducing operating costs and expenditures.
3. **Comparative Analysis**:
- PBF Energy's revenue and income trends reflect the broader challenges faced by the refining industry, including lower refining margins and adverse crude differentials.
- The company's adjusted net loss was $1.50 per share, and the adjusted EBITDA loss was $60.1 million for Q3 2024.
- PBF Energy's financial results for Q3 2024 were impacted by weaker-than-expected global demand and higher-than-anticipated refinery utilization, leading to a net loss of $289.1 million.
4. **Strategic Responses**:
- Despite the challenges, PBF Energy announced a 10% increase in its quarterly dividend to $0.275 per share, reflecting confidence in the company's operations and outlook.
- The company is exploring asset monetization opportunities and targeting significant cost savings and operational efficiencies.

In conclusion, PBF Energy faced a difficult quarter with declining revenues and increased expenses, primarily due to weaker refining margins and lower throughput volumes. The company's strategic initiatives, including dividend increases and cost-saving measures, indicate a focus on maintaining financial stability and shareholder returns despite the challenging market conditions.