PBF Logistics (PBFX) Reports Q1 EPS of $0.65
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Go back to PBF Logistics (PBFX) Reports Q1 EPS of $0.65
April 28, 2016 6:30 AM EDT
PARSIPPANY, N.J., April 28, 2016 /PRNewswire/ --Â PBF Logistics LP (NYSE: PBFX, the "Partnership") announced today first quarter 2016 net income of $19.1 million, or $0.53 per common unit. During the first quarter, the Partnership generated earnings before interest, income taxes, depreciation, and amortization ("EBITDA") of $28.0 million and distributable cash flow of $21.4 million.
"At the end of the quarter we successfully raised over $50 million through an equity offering to the public. This was our first follow-on offering and we are pleased with the outcome given the significant market volatility. We believe that investors saw the merits of the upcoming East... More
April 28, 2016 6:29 AM EDT
PARSIPPANY, N.J., April 28, 2016 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today reported a first quarter 2016 operating loss, excluding special items, of $64.5 million as compared to operating income of $151.2 million for the first quarter of 2015. Special items in the first quarter 2016 results include a net, non-cash, after-tax gain of $35.7 million, or $0.35 per share, lower-of-cost-or-market ("LCM") inventory adjustment which reduced the operating loss.
Adjusted fully-converted net loss for the first quarter 2016, excluding special items, was $66.5 million, or $0.65 per share on a fully exchanged, fully diluted basis, as described below, compared to... More
