PBF Logistics (PBFX) Tops Q1 EPS by 10c, Revenues Beat

PBF Logistics (NYSE: PBFX) reported Q1 EPS of $0.59, $0.10 better than the analyst estimate of $0.49. Revenue for the quarter came in at $87.51 million versus the consensus estimate of $85.42 million.

"PBF Logistics operated well during the first quarter of 2021. The Partnership's consistent results and financial performance reflect the strength of relationship with our sponsor. Our focus continues to be on the health and safety of our employees and operations and providing high-quality, uninterrupted service to our customers," said PBF Logistics GP LLC Executive Vice President Matt Lucey. "We announced a distribution of $0.30 per unit today and continued to reduce net leverage during the quarter. Going forward, we intend to remain conservative in our capital allocation and focus on strengthening the balance sheet."

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

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