PBF Logistics (PBFX) Misses Q4 EPS by 2c, Revenues Beat
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PBF Logistics Announces Fourth Quarter 2019 Results and Quarterly Cash Distribution of $0.52 per Unit
February 13, 2020 6:31 AM ESTPARSIPPANY, N.J., Feb. 13, 2020 /PRNewswire/ -- PBF Logistics LP (NYSE: PBFX) (the "Partnership") announced today fourth quarter 2019 net income attributable to the limited partners of $29.8 million, or $0.48 per common unit. During the fourth quarter, the Partnership generated cash from operations of $53.4 million, EBITDA attributable to PBFX of $52.0 million, Adjusted EBITDA of $54.2 million and distributable cash flow of $38.0 million. Included in reported results for the fourth quarter are $2.3 million, or $0.04 per common unit, of transaction-related expenses, non-cash unit-based compensation and environmental remediation costs associated with the East Coast Terminals.
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