PBF Logistics LP owns, leases, acquires, develops, and operates crude oil and refined petroleum products terminals, pipelines, storage facilities, and other logistics assets in the United States. It operates in two segments, Transportation and Terminaling; and Storage. The company's assets include the DCR rail terminal, a double loop track with ancillary pumping and unloading equipment; the Toledo Truck Terminal, a crude truck unloading terminal; the DCR West Rack, a heavy crude oil rail unloading facility at the Delaware city refinery; the Toledo storage facility, which includes a propane storage and loading facility; the DCR products pipeline, an interstate petroleum products pipeline; the DCR truck rack, a truck loading rack; the San Joaquin Valley pipeline system and Paulsboro natural gas pipeline; and Knoxville terminals, which consists of two refined product terminals located in Knoxville, Tennessee. It engages in receiving, handling, storing, and transferring crude oil, refined products, natural gas, and intermediates. The company was founded in 2012 and is headquartered in Parsippany, New Jersey.
IPO Year: 2014
Exchange: NYSE
Website: pbflogistics.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/16/2021 | $16.00 → $14.00 | Equal-Weight | Wells Fargo |
Third quarter net income attributable to the limited partners of $34.9 million, or $0.55 per common unit, EBITDA attributable to PBFX of $53.8 million and Adjusted EBITDA of $54.6 millionYear-to-date debt reduced by $100.0 million through repayments on the revolving credit facilityDeclares quarterly distribution of $0.30 per unitPARSIPPANY, N.J., Oct. 27, 2022 /PRNewswire/ -- PBF Logistics LP (NYSE:PBFX, the ", Partnership", ))) today announced third quarter 2022 net income attributable to the limited partners of $34.9 million, or $0.55 per common unit. During the quarter, the Partnership generated cash from operations of $64.5 million, EBITDA attributable to PBFX of $53.8 million, Adjusted
Third quarter income from operations of $1,400.0 million (excluding special items, third quarter income from operations of $1,403.0 million)Announces reinstatement of regular quarterly dividend of $0.20 per shareNet debt to capitalization reduced to 1% versus 59% at year-end 2021, excluding special itemsPARSIPPANY, N.J., Oct. 27, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported third quarter 2022 income from operations of $1,400.0 million as compared to income from operations of $100.9 million for the third quarter of 2021. Excluding special items, third quarter 2022 income from operations was $1,403.0 million as compared to income from operations of $101.0 million for the thir
PARSIPPANY, N.J., Sept. 30, 2022 /PRNewswire/ -- PBF Logistics LP (NYSE:PBFX) announced today that it will release its earnings results for the third quarter 2022 on Thursday, October 27, 2022. The company will host a conference call and webcast regarding quarterly results and other business matters on Thursday, October 27, 2022, at 11:00 a.m. ET. The call is being webcast and can be accessed at PBF Logistics' website, http://www.pbflogistics.com. The call can also be accessed by dialing (877) 407-8029 or (201) 689-8029. The audio replay will be available approximately two hou
PARSIPPANY, N.J., Sept. 30, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the third quarter 2022 on Thursday, October 27, 2022. The company will host a conference call and webcast regarding quarterly results and other business matters on Thursday, October 27, 2022, at 8:30 a.m. ET. The call is being webcast and can be accessed at PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (877) 869-3847 or (201) 689-8261. The audio replay will be available approximately two hours afte
Second quarter income from operations of $1,706.6 million (excluding special items, second quarter income from operations of $1,784.2 million)Reduced consolidated debt by more than $2.2 billion including a $900 million revolving credit facility repayment, $45 million debt reduction at PBF Logistics and the redemption of $1.25 billion senior secured notes on July 11, 2022Net debt to capitalization reduced to 24% versus 59% at year-end 2021, excluding special itemsPBF Energy Announces Agreement to Acquire Remaining Public Stake in PBF Logistics LPPARSIPPANY, N.J., July 28, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported second quarter 2022 income from operations of $1,706.6 mill
Second quarter net income attributable to the limited partners of $39.2 million, or $0.62 per common unit, EBITDA attributable to PBFX of $58.1 million and Adjusted EBITDA of $57.5 millionYear-to-date debt reduced by $70.0 million through repayments on the revolving credit facilityDeclares quarterly distribution of $0.30 per unitPBF Energy Announces Agreement to Acquire Remaining Public Stake in PBF Logistics LPPARSIPPANY, N.J., July 28, 2022 /PRNewswire/ -- PBF Logistics LP (NYSE:PBFX, the ", Partnership", ))) today announced second quarter 2022 net income attributable to the limited partners of $39.2 million, or $0.62 per common unit. During the quarter, the Partnership generated cash from
PARSIPPANY, NJ, June 28, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the second quarter 2022 on Thursday, July 28, 2022. The company will host a conference call and webcast regarding quarterly results and other business matters on Thursday, July 28, 2022, at 8:30 a.m. ET. The call is being webcast and can be accessed at PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (877) 869-3847 or (201) 689-8261. The audio replay will be available approximately two hours after the en
PARSIPPANY, N.J., June 28, 2022 /PRNewswire/ -- PBF Logistics LP (NYSE:PBFX) announced today that it will release its earnings results for the second quarter 2022 on Thursday, July 28, 2022. The company will host a conference call and webcast regarding quarterly results and other business matters on Thursday, July 28, 2022, at 11:00 a.m. ET. The call is being webcast and can be accessed at PBF Logistics' website, http://www.pbflogistics.com. The call can also be accessed by dialing (877) 407-8029 or (201) 689-8029. The audio replay will be available approximately two hours aft
First quarter income from operations of $91.0 million (excluding special items, first quarter income from operations of $141.3 million)Reduced consolidated debt by approximately $55 million in 2022 and approximately $390 million in 15 monthsFirst quarter consolidated ending cash balance of approximately $1.4 billionPARSIPPANY, N.J., April 28, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported first quarter 2022 income from operations of $91.0 million as compared to income from operations of $57.7 million for the first quarter of 2021. Excluding special items, first quarter 2022 income from operations was $141.3 million as compared to a loss from operations of $317.8 million for t
First quarter net income attributable to the limited partners of $36.3 million, or $0.58 per common unit, EBITDA attributable to PBFX of $55.9 million and Adjusted EBITDA of $56.6 millionStrong base of contracted minimum volume commitments support approximately 90% of $89.4 million total revenueYear-to-date debt reduced by $25.0 million through repayments on the revolving credit facilityDeclares quarterly distribution of $0.30 per unitPARSIPPANY, N.J., April 28, 2022 /PRNewswire/ -- PBF Logistics LP (NYSE:PBFX, the ", Partnership", ))) today announced first quarter 2022 net income attributable to the limited partners of $36.3 million, or $0.58 per common unit. During the quarter, the Partne
PARSIPPANY, N.J., Dec. 23, 2021 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced that Paul Donahue has been elected as an independent director effective January 1, 2022. Thomas J. Nimbley, Chairman of the Board and CEO, commented, "We are very pleased to have Paul join the PBF Energy Board of Directors. He is an accomplished executive and leader with over 33 years of experience in finance and investing, with extensive energy industry experience and will be a significant addition to the Board." Mr. Donahue is currently the Managing Partner and Co-Founder of Black Squirrel
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OVERLAND PARK, KS / ACCESSWIRE / November 30, 2022 / TortoiseEcofin today announced that PBF Logistics LP (NYSE:PBFX) will be removed from the Tortoise MLP Index® (TMLP), and the Tortoise North American Pipeline IndexSM (TNAP), as a result of the approved merger with PBF Energy Inc (NYSE:PBF). As part of the transaction PBF will acquire all of the outstanding common units representing limited partner interests of PBFX it does not already own effective December 1, 2022. Due to the acquisition, PBFX will be removed from both indices at market open on Thursday, December 1, 2022.For Tortoise MLP Index® (TMLP), PBFX will be removed with a special rebalancing. PBFX will be dropped from Tortoise No
PBF Logistics Unitholders Approve Transaction PARSIPPANY, N.J., Nov. 30, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) and PBF Logistics LP (NYSE:PBFX) today announced the completion of the transactions contemplated by the previously announced agreement and plan of merger, pursuant to which PBF Energy acquired all of the common units representing limited partner interests in PBF Logistics ("PBFX Common Units") not already owned by PBF Energy and its subsidiaries (the "PBFX Public Common Units") for a combination of 0.270 of a share of PBF Energy Class A common stock and $9.25 in cash, without interest, per PBFX Public Common Unit.
PARSIPPANY, N.J., Nov. 29, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) and PBF Logistics LP (NYSE:PBFX) today announced that C. Erik Young, Chief Financial Officer, has resigned to pursue other professional opportunities. Mr. Young's resignation will be effective December 20, 2022. A search for potential internal and external candidates to replace Mr. Young will be conducted. Mr. Young enjoyed a twelve-year career at PBF and has served as the Company's CFO since 2014. Among his many accomplishments during his tenure with the Company, Erik oversaw the build out of PBF's f
Third quarter net income attributable to the limited partners of $34.9 million, or $0.55 per common unit, EBITDA attributable to PBFX of $53.8 million and Adjusted EBITDA of $54.6 millionYear-to-date debt reduced by $100.0 million through repayments on the revolving credit facilityDeclares quarterly distribution of $0.30 per unitPARSIPPANY, N.J., Oct. 27, 2022 /PRNewswire/ -- PBF Logistics LP (NYSE:PBFX, the ", Partnership", ))) today announced third quarter 2022 net income attributable to the limited partners of $34.9 million, or $0.55 per common unit. During the quarter, the Partnership generated cash from operations of $64.5 million, EBITDA attributable to PBFX of $53.8 million, Adjusted
Third quarter income from operations of $1,400.0 million (excluding special items, third quarter income from operations of $1,403.0 million)Announces reinstatement of regular quarterly dividend of $0.20 per shareNet debt to capitalization reduced to 1% versus 59% at year-end 2021, excluding special itemsPARSIPPANY, N.J., Oct. 27, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported third quarter 2022 income from operations of $1,400.0 million as compared to income from operations of $100.9 million for the third quarter of 2021. Excluding special items, third quarter 2022 income from operations was $1,403.0 million as compared to income from operations of $101.0 million for the thir
SquareOne Energy, LLC announces the engagement of CTCI Americas, Inc. to serve as EPC lead for its Paulsboro, NJ used oil recycling facility CTCIA, a global leader in engineering, procurement and construction services, has extensive experience in advanced technologies, environmental, and hydrocarbon processes across the globe The Company's initial facility will be constructed in the Philadelphia region at PBF's active refined products terminal location in Paulsboro, NJ; the PBF site will provide substantial benefits namely through existing infrastructure and multi-modal access, positioning SquareOne to be operational in the first half of 2024 SquareOne Energy, LLC ("SquareOne" or the
PARSIPPANY, N.J., Sept. 30, 2022 /PRNewswire/ -- PBF Logistics LP (NYSE:PBFX) announced today that it will release its earnings results for the third quarter 2022 on Thursday, October 27, 2022. The company will host a conference call and webcast regarding quarterly results and other business matters on Thursday, October 27, 2022, at 11:00 a.m. ET. The call is being webcast and can be accessed at PBF Logistics' website, http://www.pbflogistics.com. The call can also be accessed by dialing (877) 407-8029 or (201) 689-8029. The audio replay will be available approximately two hou
PARSIPPANY, N.J., Sept. 30, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the third quarter 2022 on Thursday, October 27, 2022. The company will host a conference call and webcast regarding quarterly results and other business matters on Thursday, October 27, 2022, at 8:30 a.m. ET. The call is being webcast and can be accessed at PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (877) 869-3847 or (201) 689-8261. The audio replay will be available approximately two hours afte
PARSIPPANY, N.J., Sept. 2, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today announced that members of its management team will participate in the Barclays Energy-Power Conference on September 7, 2022 and the Wells Fargo Leveraged Finance Conference on September 8, 2022. About PBF Energy Inc.PBF Energy Inc. (NYSE:PBF) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. Our mission is to operate our facilities in a safe, reliable and environmentally responsible manner, provide employees with a safe and rewarding workplace, become a positive influence
SquareOne Energy, LLC announces development of its innovative used oil recycling facility, which will be the first process in the U.S. to recycle used oil materials into clean on-road fuel products Sunoco LP, a leading national fuel distribution company, has entered into a multi-year offtake agreement to purchase all SquareOne's ultra-low sulfur diesel and naphtha products The Company's initial facility will be constructed in the Philadelphia region at PBF's active refined products terminal location in Paulsboro, NJ; the PBF site will provide substantial benefits namely through existing infrastructure and multi-modal access, which will position SquareOne to be operational in 1H24 The
Wells Fargo reiterated coverage of PBF Logistics with a rating of Equal-Weight and set a new price target of $14.00 from $16.00 previously
Credit Suisse Group reiterated coverage of PBF Logistics with a rating of Neutral and set a new price target of $13.50 from $11.50 previously
Credit Suisse Group resumed coverage of PBF Logistics with a rating of Neutral
Credit Suisse reiterated coverage of PBF Logistics with a rating of Neutral and set a new price target of $13.50 from $11.50 previously
Citigroup reiterated coverage of PBF Logistics with a rating of and set a new price target of $12.00 from $8.50 previously
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