PBF Energy (PBF) Declares $0.30 Quarterly Dividend; 5.7% Yield

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PBF Energy Reports Third Quarter 2016 Results, Declares Dividend of $0.30 Per Share

October 28, 2016 6:30 AM EDT

PARSIPPANY, N.J., Oct. 28, 2016 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today reported a third quarter 2016 income from operations of $129.7 million as compared to income from operations of $92.3 million for third quarter of 2015. Excluding special items, third quarter 2016 income from operations was $25.7 million as compared to income from operations of $300.6 million for the third quarter of 2015. Special items in the third quarter 2016 results include a net, non-cash, after-tax gain of $62.8 million, or $0.61 per share, lower-of-cost-or-market ("LCM") inventory adjustment which increased operating income, and an after-tax charge of $1.9 million, or 0.02... More

PBF Energy Reports Third Quarter 2016 Results, Declares Dividend of $0.30 Per Share

October 28, 2016 6:30 AM EDT

PARSIPPANY, N.J., Oct. 28, 2016 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today reported a third quarter 2016 income from operations of $129.7 million as compared to income from operations of $92.3 million for third quarter of 2015. Excluding special items, third quarter 2016 income from operations was $25.7 million as compared to income from operations of $300.6 million for the third quarter of 2015. Special items in the third quarter 2016 results include a net, non-cash, after-tax gain of $62.8 million, or $0.61 per share, lower-of-cost-or-market ("LCM") inventory adjustment which increased operating income, and an after-tax charge of $1.9 million, or 0.02... More

PBF Logistics Increases Quarterly Distribution to $0.44 per Common Unit and Announces Third Quarter 2016 Earnings Results

October 28, 2016 6:30 AM EDT

PARSIPPANY, N.J., Oct. 28, 2016 /PRNewswire/ -- PBF Logistics LP (NYSE: PBFX, the "Partnership") announced today third quarter 2016 net income of $18.4 million, or $0.50 per common unit. During the quarter, the Partnership generated cash from operations of approximately $25.8 million, earnings before interest, income taxes, depreciation, and amortization ("EBITDA") of $31.5 million and distributable cash flow of $25.1 million. Included in our general and administrative expenses for the third quarter are $1.3 million, or $0.03 per common unit, of transaction expenses related to asset acquisitions.

"The Partnership continued to execute its... More