PBF Logistics (PBFX) Tops Q4 EPS by 5c

PBF Logistics (NYSE: PBFX) reported Q4 EPS of $0.57, $0.05 better than the analyst estimate of $0.52. Revenue for the quarter came in at $61.69 million versus the consensus estimate of $50.42 million.

"The fourth quarter was another solid operational and financial quarter for PBFX that set the tone for a strong 2017. To that end, we are pleased to announce two organic growth projects which are expected to be complete by the fourth quarter of 2017. In light of our delivered growth and positive outlook, we are pleased that the board approved our ninth consecutive distribution increase to $0.45 per common unit, a 50% increase since our initial public offering," said PBF Logistics GP LLC Chief Executive Officer, Tom Nimbley.

For earnings history and earnings-related data on PBF Logistics (PBFX) click here.

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