PBF Logistics (PBFX) Tops Q2 EPS by 5c
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PBF Logistics Declares Quarterly Distribution of $0.30 per Unit and Announces Second Quarter 2021 Earnings Results
July 29, 2021 6:30 AM EDTPARSIPPANY, N.J., July 29, 2021 /PRNewswire/ -- PBF Logistics LP (NYSE:PBFX, the "Partnership") today announced second quarter 2021 net income attributable to the limited partners of $37.1 million, or $0.59 per common unit. During the quarter, the Partnership generated cash from operations of $35.5 million, EBITDA attributable to PBFX of $57.0 million, Adjusted EBITDA of $60.0 million and distributable cash flow of $48.5 million. Included in reported results for the second quarter are $3.0 million, or $0.05 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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PBF Energy Announces Second Quarter 2021 Results
July 29, 2021 6:30 AM EDTPARSIPPANY, N.J., July 29, 2021 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today reported second quarter 2021 income from operations of $147.5 million as compared to income from operations of $620.8 million for the second quarter of 2020. Excluding special items, second quarter 2021 loss from operations was $120.5 million as compared to a loss from operations of $433.7 million for the second quarter of 2020. PBF Energy's financial results reflect the consolidation of PBF Logistics LP (NYSE: PBFX), a master limited partnership of which PBF Energy indirectly owns the general partner and approximately 48% of the limited partner interests as of quarter-end.
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