PBF Logistics (PBFX) Tops Q1 EPS by 10c, Revenues Beat
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PBF Logistics Declares Quarterly Distribution of $0.30 per Unit and Announces First Quarter 2021 Earnings Results
April 29, 2021 6:30 AM EDTPARSIPPANY, N.J., April 29, 2021 /PRNewswire/ --Â PBF Logistics LP (NYSE: PBFX) (the "Partnership") today announced first quarter 2021 net income attributable to the limited partners of $37.2 million, or $0.59 per common unit. During the quarter, the Partnership generated cash from operations of $54.8 million, EBITDA attributable to PBFX of $57.9 million, Adjusted EBITDA of $59.0 million and distributable cash flow of $48.2 million. Included in reported results for the first quarter are $1.1 million, or $0.02 per common unit, of non-cash unit-based compensation expense and continued environmental remediation costs associated with the East Coast Terminals.
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