PBF Logistics (PBFX) Reports In-Line Q3 EPS
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PBF Energy Reports Third Quarter 2016 Results, Declares Dividend of $0.30 Per Share
October 28, 2016 6:30 AM EDTPARSIPPANY, N.J., Oct. 28, 2016 /PRNewswire/ --Â PBF Energy Inc. (NYSE: PBF) today reported a third quarter 2016 income from operations of $129.7 million as compared to income from operations of $92.3 million for third quarter of 2015. Excluding special items, third quarter 2016 income from operations was $25.7 million as compared to income from operations of $300.6 million for the third quarter of 2015. Special items in the third quarter 2016 results include a net, non-cash, after-tax gain of $62.8 million, or $0.61 per share, lower-of-cost-or-market ("LCM") inventory adjustment which increased operating income, and an after-tax charge of $1.9 million, or 0.02... More
PBF Logistics Increases Quarterly Distribution to $0.44 per Common Unit and Announces Third Quarter 2016 Earnings Results
October 28, 2016 6:30 AM EDTPARSIPPANY, N.J., Oct. 28, 2016 /PRNewswire/ --Â PBF Logistics LP (NYSE: PBFX, the "Partnership") announced today third quarter 2016 net income of $18.4 million, or $0.50 per common unit. During the quarter, the Partnership generated cash from operations of approximately $25.8 million, earnings before interest, income taxes, depreciation, and amortization ("EBITDA") of $31.5 million and distributable cash flow of $25.1 million. Included in our general and administrative expenses for the third quarter are $1.3 million, or $0.03 per common unit, of transaction expenses related to asset acquisitions.
"The Partnership continued to execute its... More
PBF Logistics Announces Appointment of CFO Erik Young to General Partner's Board
October 28, 2016 6:29 AM EDTPARSIPPANY, N.J., Oct. 28, 2016 /PRNewswire/ -- PBF Logistics LP (NYSE: PBFX, the "Partnership") announced today the appointment of Charles Erik Young to the Board of Directors of its general partner, PBF Logistics GP LLC ("PBFX GP"), effective October 27, 2016. Mr. Young has served as the Senior Vice President and Chief Financial Officer of PBF Energy Inc. ("PBF Energy") and PBFX GP since April 2014. Â
"Erik's appointment to the PBFX GP Board reflects his significant contributions to the growth and success of the Partnership since its initial... More
