PBF Logistics (PBFX) Misses Q3 EPS by 1c

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PBF Logistics Declares Quarterly Distribution of $0.30 per Unit and Announces Third Quarter 2021 Earnings Results

October 28, 2021 6:30 AM EDT

PARSIPPANY, N.J., Oct. 28, 2021 /PRNewswire/ -- PBF Logistics LP (NYSE:PBFX, the "Partnership") today announced third quarter 2021 net income attributable to the limited partners of $36.7 million, or $0.58 per common unit. During the quarter, the Partnership generated cash from operations of $53.4 million, EBITDA attributable to PBFX of $56.8 million, Adjusted EBITDA of $57.9 million and distributable cash flow of $46.8 million. Included in reported results for the third 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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