PBF Energy Inc (PBF) 21.04 $PBF
PBF Logistics Completes Acquisition of Torrance Valley Pipeline Interest
PR Newswire - Thu Sep 01, 1:07PM CDT
PBF Logistics LP (NYSE: PBFX, the "Partnership"
announced today that it acquired a 50 percent interest in Torrance Valley Pipeline Company LLC (the "TVPC" from an affiliate of PBF Energy Inc. (NYSE: PBF) for a total consideration of approximately $175.0 million in cash. The acquisition was financed with cash on hand, borrowings under its revolving credit facility and proceeds from a successful public offering of common units completed in August.
PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
PBF Energy to Participate in the Barclays CEO Energy-Power Conference
PR Newswire - Tue Aug 30, 3:30PM CDT
PBF Energy Inc. (NYSE: PBF) announced today that the company's management will participate in the Barclays CEO Energy-Power Conference on September 7, 2016. The company's presentation will be available on the Investor Relations section of the PBF Energy website at www.pbfenergy.com.
PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
PBF Logistics LP Prices Public Offering of 4,000,000 Common Units Representing Limited Partner Interests
PR Newswire - Fri Aug 12, 8:10AM CDT
PBF Logistics LP (NYSE: PBFX, the "Partnership" announced today that its previously announced registered underwritten public offering of 4,000,000 common units representing limited partner interests has been priced for total gross proceeds of approximately $80,600,000. The underwriter has offered the common units at prevailing market prices or otherwise from time to time through the New York Stock Exchange, in the over-the-counter-market or through negotiated transactions. The underwriter has a 30-day option to purchase up to 600,000 additional common units. The offering is expected to close on August 17, 2016, subject to customary closing conditions.
PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
PBF Logistics Announces Intent to Acquire Torrance Valley Pipeline Interest
PR Newswire - Thu Aug 11, 3:30PM CDT
PBF Logistics LP (NYSE
BFX, the "Partnership" announced today that it has entered into a letter of intent to acquire a 50 percent interest in Torrance Valley Pipeline Company LLC (the "TVPC" from an affiliate of PBF Energy Inc. (NYSEBF) for a total consideration of approximately $175.0 million in cash. The letter of intent sets forth the terms and conditions under which PBF Energy intends to and would be willing to enter into mutually acceptable definitive agreements containing material terms consistent with those described in this release. The Partnership and PBF Energy currently anticipate executing definitive agreements within the next 30 days and closing the acquisition in the third quarter of 2016, subject to customary closing conditions. The acquisition is conditioned on the parties' ability to negotiate and execute definitive transaction documents as well as to satisfy any required closing conditions. The acquisition is expected to be financed through a combination of cash on hand, borrowings from the Partnership's senior secured revolving credit facility and the proceeds of PBFX's equity offering which was announced today.
PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
PBF Energy Reports Second Quarter 2016 Results, Declares Dividend of $0.30 Per Share
PR Newswire - Fri Jul 29, 5:30AM CDT
PBF Energy Inc. (NYSEBF) today reported a second quarter 2016 income from operations of $234.8 million as compared to income from operations of $273.8 million for the second quarter of 2015. Excluding special items, second quarter 2016 income from operations was $77.0 million as compared to income from operations of $167.8 million for the second quarter of 2015. Special items in the second quarter 2016 results include a net, non-cash, after-tax gain of $95.3 million, or $0.92 per share, lower-of-cost-or-market ("LCM" inventory adjustment which increased operating income. Additionally, included in our results were net after-tax charges totaling approximately $5.9 million, or $0.06 per share, related to acquisition expenses and accelerated equity-based compensation expense.
PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
What's Ahead for Oil Refining Stocks in Q2 Earnings? PBF, PSX
Zacks Equity Research - Zacks Investment Research - Thu Jul 28, 9:02AM CDT
Let's have a look at how some of refining companies - PBF and PSX - are poised ahead of their earnings announcements.
PSX: 78.87 (+0.58), PBF: 21.04 (-0.15)
PBF Energy and PBF Logistics Announce Retirement of Thomas D. O'Malley
PR Newswire - Fri May 27, 3:30PM CDT
PBF Energy Inc. (NYSEBF) and PBF Logistics LP (NYSEBFX) announced today that Thomas D. O'Malley, will retire from his positions at the Companies at the end of June 2016. Thomas Nimbley, Chief Executive Officer of PBF and PBFX, will also assume the title of Chairman of the Board upon Mr. O'Malley's retirement. Mr. O'Malley will continue to act as a consultant to PBF through December 2018.
PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
PBF Energy to Attend Morgan Stanley Refining Corporate Access Day
PR Newswire - Mon May 09, 3:30PM CDT
PBF Energy Inc. (NYSE: PBF) announced today that the company's management will be meeting with institutional investors at the Morgan Stanley Refining Corporate Access Day on May 12, 2016.
PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36), MS: 31.89 (-0.02)
PBF Energy reports 1Q loss
Automated Insights - Thu Apr 28, 6:51AM CDT
PARSIPPANY, N.J. (AP) _ PBF Energy Inc. (PBF) on Thursday reported a first-quarter loss of $29.4 million, after reporting a profit in the same period a year earlier.
PBF: 21.04 (-0.15)
PBF Energy Reports First Quarter 2016 Results, Declares Dividend of $0.30 Per Share
PR Newswire - Thu Apr 28, 5:29AM CDT
PBF Energy Inc. (NYSE: PBF) today reported a first quarter 2016 operating loss, excluding special items, of $64.5 million as compared to operating income of $151.2 million for the first quarter of 2015. Special items in the first quarter 2016 results include a net, non-cash, after-tax gain of $35.7 million, or $0.35 per share, lower-of-cost-or-market ("LCM" inventory adjustment which reduced the operating loss.
PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
PBF Logistics LP Announces Exercise of Option to Purchase Additional Units
PR Newswire - Thu Mar 31, 5:03PM CDT
PBF Logistics LP (NYSE: PBFX) (the "Partnership" announced today that the underwriter of its previously announced registered underwritten public offering of 2,500,000 common units representing limited partner interests has exercised in full its option to purchase an additional 375,000 common units. Total gross proceeds (before underwriter's discounts and commissions) for the full 2,875,000 common units will be approximately $53 million. The offering is expected to close on April 5, 2016, subject to customary closing conditions.
PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36), PAA: 28.41 (+0.36)
The Surprising Reason Prices at the Pump Are Starting to Soar
Matthew DiLallo, The Motley Fool - Motley Fool - Sat Mar 26, 11:00AM CDT
Image source: Mark Freeth via Flickr. Thanks to the big drop in the price of oil over the past couple of years, prices at the pump have dropped significantly. In fact, gas has averaged less than $2 a gallon in the U.S. since dipping below that...
VLO: 54.83 (+0.54), TSO: 74.55 (+1.24), PBF: 21.04 (-0.15)
Forget Kinder Morgan Inc.: These Energy Stocks Soared in 2015
Matthew DiLallo, The Motley Fool - Motley Fool - Sat Feb 06, 10:31AM CST
Source: Kinder Morgan Kinder Morgan has often compared its business to a big aircraft carrier that can weather any storm in the market and barely feel a thing. That's because its business is primarily fee-based, providing it with very low...
KMI: 21.92 (+0.31), VLO: 54.83 (+0.54), TSO: 74.55 (+1.24), PBF: 21.04 (-0.15)
PBF Energy Provides Update on Delaware City Refinery Operations
PR Newswire - Mon Feb 01, 4:47PM CST
PBF Energy Inc. (NYSE: PBF) announced today that its Delaware City Refinery experienced a plant-wide, unplanned shutdown on January 24, 2016, due to a loss of power during a severe winter storm. The refinery was safely shutdown and there were no injuries. Given prevailing market conditions and current operational capability, the company has decided to move forward its scheduled turnaround of the Delaware City coker and other related units. Personnel are working to return non-affected units to reduced operations. We expect the refinery to complete its turnaround work by the end of the quarter.
PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
The Zacks Analyst Blog Highlights: Valero Energy, Tesoro, PBF Energy, Sunoco L.P. and Transocean
Zacks Equity Research - Zacks Investment Research - Thu Jan 28, 8:30AM CST
The Zacks Analyst Blog Highlights: Valero Energy, Tesoro, PBF Energy, Sunoco L.P. and Transocean
VLO: 54.83 (+0.54), RIG: 9.63 (+0.08), TSO: 74.55 (+1.24), PBF: 21.04 (-0.15), SUN: 29.98 (+0.17)
Oil Up Your Portfolio with 5 Stocks Set to Beat Q4 Earnings
Zacks Equity Research - Zacks Investment Research - Wed Jan 27, 11:29AM CST
Despite the sharp fall in oil prices, there are certain energy companies that are primed to outperform.
VLO: 54.83 (+0.54), RIG: 9.63 (+0.08), TSO: 74.55 (+1.24), PBF: 21.04 (-0.15), SUN: 29.98 (+0.17)
Probe: Exxon deficiencies found in California refinery blast
By GILLIAN FLACCUS - AP - Thu Jan 14, 5:01AM CST
REDONDO BEACH, Calif. (AP) — An explosion at an ExxonMobil oil refinery in California last year could have been prevented if managers had taken into account aging safety equipment and shut down a key, spark-generating part of the refinery before attempting repairs elsewhere, federal investigators said.
PBF: 21.04 (-0.15), XOM: 87.42 (+0.58)
PBF Energy to Attend Industry Conferences
BusinessWire - Wed Dec 30, 11:25AM CST
PBF Energy Inc. (NYSE: PBF) announced today that the company's management will be participating in meetings with investors at the Wolfe Research Refining Conference on January 5, 2016 taking place in Boston, Massachusetts and the Goldman Sachs Global Energy Conference on January 6, 2016 taking place in Miami, Florida.
PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
PBF Logistics Completes Acquisition of Torrance Valley Pipeline Interest
PR Newswire - Thu Sep 01, 1:07PM CDT
PBF Logistics LP (NYSE: PBFX, the "Partnership"
announced today that it acquired a 50 percent interest in Torrance Valley Pipeline Company LLC (the "TVPC" from an affiliate of PBF Energy Inc. (NYSE: PBF) for a total consideration of approximately $175.0 million in cash. The acquisition was financed with cash on hand, borrowings under its revolving credit facility and proceeds from a successful public offering of common units completed in August. PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
PBF Energy to Participate in the Barclays CEO Energy-Power Conference
PR Newswire - Tue Aug 30, 3:30PM CDT
PBF Energy Inc. (NYSE: PBF) announced today that the company's management will participate in the Barclays CEO Energy-Power Conference on September 7, 2016. The company's presentation will be available on the Investor Relations section of the PBF Energy website at www.pbfenergy.com.
PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
PBF Logistics LP Prices Public Offering of 4,000,000 Common Units Representing Limited Partner Interests
PR Newswire - Fri Aug 12, 8:10AM CDT
PBF Logistics LP (NYSE: PBFX, the "Partnership"
announced today that its previously announced registered underwritten public offering of 4,000,000 common units representing limited partner interests has been priced for total gross proceeds of approximately $80,600,000. The underwriter has offered the common units at prevailing market prices or otherwise from time to time through the New York Stock Exchange, in the over-the-counter-market or through negotiated transactions. The underwriter has a 30-day option to purchase up to 600,000 additional common units. The offering is expected to close on August 17, 2016, subject to customary closing conditions. PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
PBF Logistics Announces Intent to Acquire Torrance Valley Pipeline Interest
PR Newswire - Thu Aug 11, 3:30PM CDT
PBF Logistics LP (NYSE
BFX, the "Partnership" announced today that it has entered into a letter of intent to acquire a 50 percent interest in Torrance Valley Pipeline Company LLC (the "TVPC" from an affiliate of PBF Energy Inc. (NYSEBF) for a total consideration of approximately $175.0 million in cash. The letter of intent sets forth the terms and conditions under which PBF Energy intends to and would be willing to enter into mutually acceptable definitive agreements containing material terms consistent with those described in this release. The Partnership and PBF Energy currently anticipate executing definitive agreements within the next 30 days and closing the acquisition in the third quarter of 2016, subject to customary closing conditions. The acquisition is conditioned on the parties' ability to negotiate and execute definitive transaction documents as well as to satisfy any required closing conditions. The acquisition is expected to be financed through a combination of cash on hand, borrowings from the Partnership's senior secured revolving credit facility and the proceeds of PBFX's equity offering which was announced today. PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
PBF Energy Reports Second Quarter 2016 Results, Declares Dividend of $0.30 Per Share
PR Newswire - Fri Jul 29, 5:30AM CDT
PBF Energy Inc. (NYSE
BF) today reported a second quarter 2016 income from operations of $234.8 million as compared to income from operations of $273.8 million for the second quarter of 2015. Excluding special items, second quarter 2016 income from operations was $77.0 million as compared to income from operations of $167.8 million for the second quarter of 2015. Special items in the second quarter 2016 results include a net, non-cash, after-tax gain of $95.3 million, or $0.92 per share, lower-of-cost-or-market ("LCM" inventory adjustment which increased operating income. Additionally, included in our results were net after-tax charges totaling approximately $5.9 million, or $0.06 per share, related to acquisition expenses and accelerated equity-based compensation expense. PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
What's Ahead for Oil Refining Stocks in Q2 Earnings? PBF, PSX
Zacks Equity Research - Zacks Investment Research - Thu Jul 28, 9:02AM CDT
Let's have a look at how some of refining companies - PBF and PSX - are poised ahead of their earnings announcements.
PSX: 78.87 (+0.58), PBF: 21.04 (-0.15)
PBF Energy and PBF Logistics Announce Retirement of Thomas D. O'Malley
PR Newswire - Fri May 27, 3:30PM CDT
PBF Energy Inc. (NYSE
BF) and PBF Logistics LP (NYSEBFX) announced today that Thomas D. O'Malley, will retire from his positions at the Companies at the end of June 2016. Thomas Nimbley, Chief Executive Officer of PBF and PBFX, will also assume the title of Chairman of the Board upon Mr. O'Malley's retirement. Mr. O'Malley will continue to act as a consultant to PBF through December 2018. PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
PBF Energy to Attend Morgan Stanley Refining Corporate Access Day
PR Newswire - Mon May 09, 3:30PM CDT
PBF Energy Inc. (NYSE: PBF) announced today that the company's management will be meeting with institutional investors at the Morgan Stanley Refining Corporate Access Day on May 12, 2016.
PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36), MS: 31.89 (-0.02)
PBF Energy reports 1Q loss
Automated Insights - Thu Apr 28, 6:51AM CDT
PARSIPPANY, N.J. (AP) _ PBF Energy Inc. (PBF) on Thursday reported a first-quarter loss of $29.4 million, after reporting a profit in the same period a year earlier.
PBF: 21.04 (-0.15)
PBF Energy Reports First Quarter 2016 Results, Declares Dividend of $0.30 Per Share
PR Newswire - Thu Apr 28, 5:29AM CDT
PBF Energy Inc. (NYSE: PBF) today reported a first quarter 2016 operating loss, excluding special items, of $64.5 million as compared to operating income of $151.2 million for the first quarter of 2015. Special items in the first quarter 2016 results include a net, non-cash, after-tax gain of $35.7 million, or $0.35 per share, lower-of-cost-or-market ("LCM"
inventory adjustment which reduced the operating loss. PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
PBF Logistics LP Announces Exercise of Option to Purchase Additional Units
PR Newswire - Thu Mar 31, 5:03PM CDT
PBF Logistics LP (NYSE: PBFX) (the "Partnership"
announced today that the underwriter of its previously announced registered underwritten public offering of 2,500,000 common units representing limited partner interests has exercised in full its option to purchase an additional 375,000 common units. Total gross proceeds (before underwriter's discounts and commissions) for the full 2,875,000 common units will be approximately $53 million. The offering is expected to close on April 5, 2016, subject to customary closing conditions. PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36), PAA: 28.41 (+0.36)
The Surprising Reason Prices at the Pump Are Starting to Soar
Matthew DiLallo, The Motley Fool - Motley Fool - Sat Mar 26, 11:00AM CDT
Image source: Mark Freeth via Flickr. Thanks to the big drop in the price of oil over the past couple of years, prices at the pump have dropped significantly. In fact, gas has averaged less than $2 a gallon in the U.S. since dipping below that...
VLO: 54.83 (+0.54), TSO: 74.55 (+1.24), PBF: 21.04 (-0.15)
Forget Kinder Morgan Inc.: These Energy Stocks Soared in 2015
Matthew DiLallo, The Motley Fool - Motley Fool - Sat Feb 06, 10:31AM CST
Source: Kinder Morgan Kinder Morgan has often compared its business to a big aircraft carrier that can weather any storm in the market and barely feel a thing. That's because its business is primarily fee-based, providing it with very low...
KMI: 21.92 (+0.31), VLO: 54.83 (+0.54), TSO: 74.55 (+1.24), PBF: 21.04 (-0.15)
PBF Energy Provides Update on Delaware City Refinery Operations
PR Newswire - Mon Feb 01, 4:47PM CST
PBF Energy Inc. (NYSE: PBF) announced today that its Delaware City Refinery experienced a plant-wide, unplanned shutdown on January 24, 2016, due to a loss of power during a severe winter storm. The refinery was safely shutdown and there were no injuries. Given prevailing market conditions and current operational capability, the company has decided to move forward its scheduled turnaround of the Delaware City coker and other related units. Personnel are working to return non-affected units to reduced operations. We expect the refinery to complete its turnaround work by the end of the quarter.
PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
The Zacks Analyst Blog Highlights: Valero Energy, Tesoro, PBF Energy, Sunoco L.P. and Transocean
Zacks Equity Research - Zacks Investment Research - Thu Jan 28, 8:30AM CST
The Zacks Analyst Blog Highlights: Valero Energy, Tesoro, PBF Energy, Sunoco L.P. and Transocean
VLO: 54.83 (+0.54), RIG: 9.63 (+0.08), TSO: 74.55 (+1.24), PBF: 21.04 (-0.15), SUN: 29.98 (+0.17)
Oil Up Your Portfolio with 5 Stocks Set to Beat Q4 Earnings
Zacks Equity Research - Zacks Investment Research - Wed Jan 27, 11:29AM CST
Despite the sharp fall in oil prices, there are certain energy companies that are primed to outperform.
VLO: 54.83 (+0.54), RIG: 9.63 (+0.08), TSO: 74.55 (+1.24), PBF: 21.04 (-0.15), SUN: 29.98 (+0.17)
Probe: Exxon deficiencies found in California refinery blast
By GILLIAN FLACCUS - AP - Thu Jan 14, 5:01AM CST
REDONDO BEACH, Calif. (AP) — An explosion at an ExxonMobil oil refinery in California last year could have been prevented if managers had taken into account aging safety equipment and shut down a key, spark-generating part of the refinery before attempting repairs elsewhere, federal investigators said.
PBF: 21.04 (-0.15), XOM: 87.42 (+0.58)
PBF Energy to Attend Industry Conferences
BusinessWire - Wed Dec 30, 11:25AM CST
PBF Energy Inc. (NYSE: PBF) announced today that the company's management will be participating in meetings with investors at the Wolfe Research Refining Conference on January 5, 2016 taking place in Boston, Massachusetts and the Goldman Sachs Global Energy Conference on January 6, 2016 taking place in Miami, Florida.
PBF: 21.04 (-0.15), PBFX: 20.58 (+0.36)
