PBF Logistics Declares Quarterly Distribution of $0.30 per Unit and Announces First Quarter 2020 Earnings Results
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Mizuho Securities Reiterates Buy Rating on PBF Energy (PBF) Following 1Q
May 18, 2020 6:58 AM EDTMizuho Securities analyst Paul Sankey reiterated a Buy rating and $20.00 price target on PBF Energy (NYSE: PBF) following the company's 1Q earnings report. PBF Energy reported 1Q20 EPS of $(1.19) vs consensus of $(1.09).
PBF expects near-term throughput to be in the 650k-750k b/d range,... More
PBF Logistics (PBFX) Tops Q1 EPS by 4c, Revenues Beat
May 15, 2020 6:37 AM EDTPBF Logistics (NYSE: PBFX) reported Q1 EPS of $0.54, $0.04 better than the analyst estimate of $0.50. Revenue for the quarter came in at $93 million versus the consensus estimate of $89.7 million.
"PBF Logistics operated well during the first quarter and our revenues were supported by our minimum volume commitments with PBF Energy. As we navigate the new market dynamics created by the COVID-19 pandemic, we expect our revenues to remain well-supported by our long-term contracts. However, we have seen a decline in our rack volumes as a result of demand destruction but this has been partially... More
