PBF Logistics (PBFX) Misses Q3 EPS by 11c, Revenues Beat
PBF Logistics (NYSE: PBFX) reported Q3 EPS of $0.42, $0.11 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $70.56 million versus the consensus estimate of $69.17 million.
"PBF Logistics assets continue to operate well and the team remains dedicated to the ongoing expansion of our business. During the third quarter we focused on the execution of our promising organic growth projects and the completion of the East Coast Storage Assets acquisition which adds meaningful storage capacity to our East Coast operations and positions the Partnership to potentially benefit from changes in the marine fuels and heavy oil markets," said PBF Logistics GP LLC Executive Vice President Matt Lucey. "Our active business development efforts have generated these accretive opportunities and we see additional attractive prospects for the continuing growth of the Partnership."
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