UPDATE: PBF Energy (PBF) PT Raised to $15 at Wolfe Research
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PBF Energy Announces Third Quarter 2021 Results
October 28, 2021 6:30 AM EDTPARSIPPANY, N.J., Oct. 28, 2021 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today reported third quarter 2021 income from operations of $100.9 million as compared to loss from operations of $342.7 million for the third quarter of 2020. Excluding special items, third quarter 2021 income from operations was $101.0 million as compared to a loss from operations of $374.2 million for the third 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.
... MorePBF Logistics Declares Quarterly Distribution of $0.30 per Unit and Announces Third Quarter 2021 Earnings Results
October 28, 2021 6:30 AM EDTPARSIPPANY, N.J., Oct. 28, 2021 /PRNewswire/ --Â 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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