PBF Logistics (PBFX) Raises Quarterly Dividend 1% to $0.4850, 9.6% Yield; Announces Multi-Year Growth Plan
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PBF Logistics Announces Multi-year Growth Initiatives, Increases Quarterly Cash Distribution to $0.4850 per Unit and Announces Fourth Quarter 2017 Earnings Results
February 15, 2018 6:30 AM ESTPARSIPPANY, N.J., Feb. 15, 2018 /PRNewswire/ --Â PBF Logistics LP (NYSE: PBFX, the "Partnership") announced today fourth quarter 2017 net income attributable to the partners of $23.6 million, or $0.50 per common unit (net of IDRs). During the fourth quarter, the Partnership generated cash from operations of approximately $21.5 million, earnings before interest, income taxes, depreciation, and amortization (EBITDA) of $39.2 million and distributable cash flow of $28.5 million. Included in our depreciation and amortization expense for the fourth quarter is approximately $1.5 million, or $0.04 per common unit, of additional depreciation related to the capitalization of our 2017 growth projects. Included in our interest... More
