PBF Logistics (PBFX) Tops Q2 EPS by 12c

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Go back to PBF Logistics (PBFX) Tops Q2 EPS by 12c

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

July 31, 2020 6:30 AM EDT

PARSIPPANY, N.J., July 31, 2020 /PRNewswire/ -- PBF Logistics LP (NYSE:PBFX, the "Partnership") today announced second quarter 2020 net income attributable to the limited partners of $37.5 million, or $0.60 per common unit. During the quarter, the Partnership generated cash from operations of $61.0 million, EBITDA attributable to PBFX of $58.9 million, Adjusted EBITDA of $60.0 million and distributable cash flow of $47.0 million. Included in reported results for the second quarter are $1.1 million, or $0.02 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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