PBF Logistics (PBFX) Tops Q1 EPS by 4c, Revenues Beat

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Go back to PBF Logistics (PBFX) Tops Q1 EPS by 4c, Revenues Beat

PBF Logistics Declares Quarterly Distribution of $0.30 per Unit and Announces First Quarter 2020 Earnings Results

May 15, 2020 6:30 AM EDT

PARSIPPANY, N.J., May 15, 2020 /PRNewswire/ -- PBF Logistics LP (NYSE:PBFX, the "Partnership") today announced first quarter 2020 net income attributable to the limited partners of $34.8 million, or $0.56 per common unit. During the quarter, the Partnership generated cash from operations of $18.6 million, EBITDA attributable to PBFX of $56.3 million, Adjusted EBITDA of $57.9 million and distributable cash flow of $40.8 million. Included in reported results for the first quarter are $1.6 million, or $0.03 per common unit, of expenses related to pending and non-consummated acquisitions, non-cash unit-based compensation and environmental remediation costs associated with the East Coast Terminals.

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