PBF Energy (PBF) Declares $0.30 Quarterly Dividend; 3.5% Yield

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Go back to PBF Energy (PBF) Declares $0.30 Quarterly Dividend; 3.5% Yield

PBF Energy Reports First Quarter 2019 Results, Announces Drop-down of Remaining 50% Interest in Torrance Valley Pipeline Company and Declares Dividend of $0.30 Per Share

May 1, 2019 6:30 AM EDT

PARSIPPANY, N.J., May 1, 2019 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today reported first quarter 2019 income from operations of $364.6 million as compared to income from operations of $95.7 million for the first quarter of 2018. Excluding special items, first quarter 2019 loss from operations was $141.4 million as compared to income from operations of $8.0 million for the first quarter of 2018. PBF Energy's financial results reflect the consolidation of PBF Logistics LP (NYSE: PBFX), a master limited partnership of which PBF indirectly owns the general partner and approximately 54.1% of the limited partner interests as of... More