PBF Logistics (PBFX) Declares $0.30 Quarterly Dividend; 8.7% Yield
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PBF Logistics Announces Fourth Quarter 2021 Results and Quarterly Cash Distribution of $0.30 per Unit
February 10, 2022 6:30 AM ESTPARSIPPANY, N.J., Feb. 10, 2022 /PRNewswire/ --Â PBF Logistics LP (NYSE:PBFX, the "Partnership") announced today fourth quarter 2021 net income attributable to the limited partners of $42.3 million, or $0.67 per common unit. During the fourth quarter, the Partnership generated cash from operations of $44.1 million, EBITDA attributable to PBFX of $62.7 million, Adjusted EBITDA of $60.8 million and distributable cash flow of $52.3 million. Included in reported results for the fourth quarter is a net gain of $1.9 million, or $0.03 per common unit, consisting of a gain on sale of assets, partially offset by non-cash unit-based compensation and environmental remediation costs associated with the East Coast Terminals.
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