PBF Logistics (PBFX) Misses Q3 EPS by 11c, Revenues Beat
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PBF Logistics Increases Quarterly Distribution to $0.50 per Unit and Announces Third Quarter 2018 Earnings Results
October 31, 2018 6:30 AM EDTPARSIPPANY, N.J., Oct. 31, 2018 /PRNewswire/ -- PBF Logistics LP (NYSE: PBFX, the "Partnership") today announced third quarter 2018 net income attributable to the limited partners of $18.7 million, or $0.42 per common unit, net of the General Partner interest. During the quarter, the Partnership generated cash from operations of approximately $52.3 million, earnings before interest, income taxes, depreciation, and amortization ("EBITDA") of $38.9 million and distributable cash flow of $28.5 million. Included in general and administrative expenses for the third quarter are $0.8 million, or $0.02 per common unit, of transaction-related expenses.
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