PBF Logistics (NYSE: PBFX) reported Q3 EPS of $0.50, $0.04 better than the analyst estimate of $0.46. Revenue for the quarter came in at $86.38 million versus the consensus estimate of $85.6 million.

"PBF Logistics' assets operated well during the quarter and our results benefited from a full quarter of 100% ownership of the Torrance Valley Pipeline system. We continue to experience increased demand at several of our East Coast terminaling and storage facilities as a result of shifting supply dynamics as a result of lower East Coast refined product supply," said PBF Logistics GP LLC Executive Vice President Matt Lucey. "Additionally, our processing and storage agreement with Maersk is underway and we are seeing increased demand for our available East Coast heated-storage assets as market participants position for the IMO fuel specification implementation on January 1, 2020."

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