PBF Logistics (PBFX) Tops Q4 EPS by 5c

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

PARSIPPANY, N.J., Feb. 16, 2017 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today reported fourth quarter 2016 income from operations of $139.8 million as compared to a loss from operations of $178.4 million for fourth quarter of 2015. Excluding special items, fourth quarter 2016 loss from operations was $60.7 million as compared to income from operations of $167.7 million for the fourth quarter of 2015. Special items in the fourth quarter 2016 results include a net, non-cash, after-tax gain of $122.2 million, or $1.17 per share, lower-of-cost-or-market ("LCM") inventory adjustment and an after-tax benefit of $9.8 million, or $0.09 per share, related to a change in... More

PBF Logistics Increases Quarterly Cash Distribution to $0.45 per Unit and Announces Fourth Quarter Earnings Results

PARSIPPANY, N.J., Feb. 16, 2017 /PRNewswire/ -- PBF Logistics LP (NYSE: PBFX, the "Partnership") announced today fourth quarter 2016 net income attributable to the partnership of $24.7 million, or $0.57 per limited partner unit. During the fourth quarter, the Partnership generated earnings before interest, income taxes, depreciation, and amortization (EBITDA) of $36.4 million and distributable cash flow of $27.9 million. For the year-ended December 31, 2016, the Partnership reported net income of $81.0 million, or $2.01 per limited partner unit, and $121.9 million of EBITDA.

As of December 31, 2016, the Partnership had liquidity of $231.4 million, including $64.2 million... More