PBF Logistics (PBFX) Tops Q3 EPS by 4c, Revenues Beat
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PBF Logistics Increases Quarterly Distribution to $0.52 per Unit and Announces Third Quarter 2019 Earnings Results
October 31, 2019 6:31 AM EDTPARSIPPANY, N.J., Oct. 31, 2019 /PRNewswire/ -- PBF Logistics LP (NYSE: PBFX) (the "Partnership") today announced third quarter 2019 net income attributable to the limited partners of $31.0 million, or $0.50 per common unit. During the quarter, the Partnership generated cash from operations of approximately $39.8 million, earnings before interest, income taxes, depreciation, and amortization ("EBITDA") of $53.5 million, Adjusted EBITDA of $55.5 million and distributable cash flow of $39.5 million. Included in reported results for the third quarter are $2.0 million, or $0.03 per common unit, of expenses related to the Torrance Valley Pipeline Company acquisition, non-cash unit-based compensation and environmental remediation costs... More
PBF Energy Reports Third Quarter 2019 Results, Declares Dividend of $0.30 Per Share
October 31, 2019 6:30 AM EDTPARSIPPANY, N.J., Oct. 31, 2019 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today reported third quarter 2019 income from operations of $151.9 million as compared to income from operations of $286.3 million for the third quarter of 2018. Excluding special items, third quarter 2019 income from operations was $165.8 million as compared to income from operations of $232.3 million for the third quarter of 2018. PBF Energy's financial results reflect the consolidation of PBF Logistics LP (NYSE: PBFX), a master limited partnership of which PBF indirectly owns the general partner and approximately 48% of the limited partner interests as of... More
