PBF Logistics LP (PBFX) 19.93 $PBFX PBF Logisti
Post# of 273254
Posted On: 09/23/2016 7:05:40 AM
PBF Logistics LP (PBFX) 19.93 $PBFX
PBF Logistics to Release Third Quarter 2016 Earnings Results
PR Newswire - Wed Sep 21, 2:45PM CDT
PBF Logistics LP (NYSE
BFX) announced today that it will release its earnings results for the third quarter 2016 on Friday, October 28, 2016. The company will host a conference call and webcast regarding third quarter results and other business matters on Friday, October 28, 2016, at 11:00 a.m. ET.
PBFX: 19.93 (+0.04)
PBF Energy to Release Third Quarter 2016 Earnings Results
PR Newswire - Wed Sep 21, 2:39PM CDT
PBF Energy Inc. (NYSE: PBF) announced today that it will release its earnings results for the third quarter 2016 on Friday, October 28, 2016. The company will host a conference call and webcast regarding third quarter results and other business matters on Friday, October 28, 2016, at 8:30 a.m. ET.
PBF: 22.70 (+0.89), PBFX: 19.93 (+0.04)
PBF Logistics LP Announces Exercise of Option to purchase Additional Units
PR Newswire - Mon Sep 12, 4:11PM CDT
PBF Logistics LP (NYSEBFX, the "Partnership"
announced today that the underwriter of its previously announced registered underwritten public offering of 4,000,000 common units representing limited partner interests has exercised its option to purchase an additional 375,000 common units. Total gross proceeds (before underwriter's discounts and commissions) for the full 4,375,000 common units will be approximately $88 million.
PBF: 22.70 (+0.89), PBFX: 19.93 (+0.04)
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: 22.70 (+0.89), PBFX: 19.93 (+0.04)
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: 22.70 (+0.89), PBFX: 19.93 (+0.04)
The Zacks Analyst Blog Highlights: Murphy USA, Independence Contract Drilling, PBF Logistics, McDermott International and Contango Oil & Gas
Zacks Equity Research - Zacks Investment Research - Fri Aug 19, 8:30AM CDT
The Zacks Analyst Blog Highlights: Murphy USA, Independence Contract Drilling, PBF Logistics, McDermott International and Contango Oil & Gas
MDR: 4.81 (+0.01), MCF: 9.50 (-0.02), ICD: 4.95 (+0.03), PBFX: 19.93 (+0.04), MUSA: 72.33 (+0.80)
5 Best Oil Stocks to Buy Today
Nilanjan Choudhury - Zacks Investment Research - Thu Aug 18, 3:48PM CDT
These oil stocks, by virtue of their favorable Zacks Rank and VGM Score, hold the potential to make investors standout gains even in these capricious times.
MDR: 4.81 (+0.01), RDS.A: 48.47 (+0.47), MCF: 9.50 (-0.02), ICD: 4.95 (+0.03), XOM: 83.54 (+0.24), BP: 34.26 (+0.65), PBFX: 19.93 (+0.04), MUSA: 72.33 (+0.80)
PBF Logistics to attend Citi MLP/Midstream Infrastructure Conference
PR Newswire - Mon Aug 15, 3:30PM CDT
PBF Logistics LP (NYSEBFX) announced today that the partnership's management will be meeting with investors and industry analysts on August 17, 2016, at the Citi MLP/Midstream Infrastructure Conference in Las Vegas, NV.
PBFX: 19.93 (+0.04)
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: 22.70 (+0.89), PBFX: 19.93 (+0.04)
PBF Logistics Announces Intent to Acquire Torrance Valley Pipeline Interest
PR Newswire - Thu Aug 11, 3:30PM CDT
PBF Logistics LP (NYSEBFX, 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: 22.70 (+0.89), PBFX: 19.93 (+0.04)
PBF Logistics LP Announces Public Offering of Common Units Representing Limited Partner Interests
PR Newswire - Thu Aug 11, 3:27PM CDT
PBF Logistics LP (NYSEBFX, the "Partnership" announced the commencement of a registered underwritten public offering of 4,000,000 common units representing limited partner interests in the Partnership pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (the "SEC". The underwriter will be granted a 30-day option to purchase up to 600,000 additional common units.
PBFX: 19.93 (+0.04)
Buckeye Partners (BPL) Q2 Earnings Top but Revenues Lag
Zacks Equity Research - Zacks Investment Research - Fri Aug 05, 8:43AM CDT
Buckeye Partners, L.P. (BPL) reported second-quarter 2016 earnings from continuing operations of $1.07 per unit, beating the Zacks Consensus Estimate of 95 cents by 12.6%
RRMS: 27.17 (+0.26), BPL: 71.90 (+0.97), OKS: 39.26 (+1.10), PBFX: 19.93 (+0.04)
Plains All American (PAA) Incurs Q2 Loss, Revenues Beat
Zacks Equity Research - Zacks Investment Research - Wed Aug 03, 12:56PM CDT
Plain All American's (PAA) second-quarter loss lagged estimates, while revenues surpassed.
BWP: 17.02 (+0.09), OKS: 39.26 (+1.10), PBFX: 19.93 (+0.04), PAA: 29.94 (+1.29)
PBF Logistics Increases Quarterly Distribution to $0.43 per Common Unit and Announces Second Quarter 2016 Earnings Results
PR Newswire - Fri Jul 29, 5:30AM CDT
PBF Logistics LP (NYSEBFX, the "Partnership" announced today second quarter 2016 net income of $16.3 million, or $0.41 per common unit. During the second quarter, the Partnership generated cash from operations of approximately $17.0 million, earnings before interest, income taxes, depreciation, and amortization ("EBITDA" of $26.0 million and distributable cash flow of $20.0 million. Included in our general and administrative expenses for the second quarter are $3.5 million, or $0.10 per common unit, of transaction expenses related to the acquisition of four refined products terminals (the "East Coast Terminals" from an affiliate of Plains All American Pipeline L.P. and expenses related to unit-based compensation in conjunction with a senior executive retirement.
PBFX: 19.93 (+0.04), PAA: 29.94 (+1.29)
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: 22.70 (+0.89), PBFX: 19.93 (+0.04)
The Zacks Analyst Blog Highlights: Braskem, Independence Contract Drilling, PetroChina, PBF Logistics and Murphy USA
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 8:30AM CDT
The Zacks Analyst Blog Highlights: Braskem, Independence Contract Drilling, PetroChina, PBF Logistics and Murphy USA
BAK: 13.99 (-0.26), ICD: 4.95 (+0.03), PBFX: 19.93 (+0.04), MUSA: 72.33 (+0.80), PTR: 65.44 (-0.24)
5 Energy Stocks That Brokers Love Right Now
Nilanjan Choudhury - Zacks Investment Research - Thu Jun 23, 2:35PM CDT
We have identified 5 broker recommended energy stocks that are great buys right now.
BAK: 13.99 (-0.26), ICD: 4.95 (+0.03), PBFX: 19.93 (+0.04), MUSA: 72.33 (+0.80), PTR: 65.44 (-0.24)
Chevron, Shell to Divest Refineries to Retain Profitability
Zacks Equity Research - Zacks Investment Research - Mon Jun 20, 7:03AM CDT
Chevron Corporation (CVX) is contemplating the sale of its refinery and gasoline stations in Burnaby, British Columbia, while integrated energy major, Royal Dutch Shell plc (RDS.A) is seeking buyers for its refinery in Martinez, CA.
BAK: 13.99 (-0.26), RDS.A: 48.47 (+0.47), PBFX: 19.93 (+0.04), CVX: 99.98 (+0.35)
PBF Logistics to Release Third Quarter 2016 Earnings Results
PR Newswire - Wed Sep 21, 2:45PM CDT
PBF Logistics LP (NYSE
BFX) announced today that it will release its earnings results for the third quarter 2016 on Friday, October 28, 2016. The company will host a conference call and webcast regarding third quarter results and other business matters on Friday, October 28, 2016, at 11:00 a.m. ET. PBFX: 19.93 (+0.04)
PBF Energy to Release Third Quarter 2016 Earnings Results
PR Newswire - Wed Sep 21, 2:39PM CDT
PBF Energy Inc. (NYSE: PBF) announced today that it will release its earnings results for the third quarter 2016 on Friday, October 28, 2016. The company will host a conference call and webcast regarding third quarter results and other business matters on Friday, October 28, 2016, at 8:30 a.m. ET.
PBF: 22.70 (+0.89), PBFX: 19.93 (+0.04)
PBF Logistics LP Announces Exercise of Option to purchase Additional Units
PR Newswire - Mon Sep 12, 4:11PM CDT
PBF Logistics LP (NYSE
BFX, the "Partnership" announced today that the underwriter of its previously announced registered underwritten public offering of 4,000,000 common units representing limited partner interests has exercised its option to purchase an additional 375,000 common units. Total gross proceeds (before underwriter's discounts and commissions) for the full 4,375,000 common units will be approximately $88 million. PBF: 22.70 (+0.89), PBFX: 19.93 (+0.04)
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: 22.70 (+0.89), PBFX: 19.93 (+0.04)
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: 22.70 (+0.89), PBFX: 19.93 (+0.04)
The Zacks Analyst Blog Highlights: Murphy USA, Independence Contract Drilling, PBF Logistics, McDermott International and Contango Oil & Gas
Zacks Equity Research - Zacks Investment Research - Fri Aug 19, 8:30AM CDT
The Zacks Analyst Blog Highlights: Murphy USA, Independence Contract Drilling, PBF Logistics, McDermott International and Contango Oil & Gas
MDR: 4.81 (+0.01), MCF: 9.50 (-0.02), ICD: 4.95 (+0.03), PBFX: 19.93 (+0.04), MUSA: 72.33 (+0.80)
5 Best Oil Stocks to Buy Today
Nilanjan Choudhury - Zacks Investment Research - Thu Aug 18, 3:48PM CDT
These oil stocks, by virtue of their favorable Zacks Rank and VGM Score, hold the potential to make investors standout gains even in these capricious times.
MDR: 4.81 (+0.01), RDS.A: 48.47 (+0.47), MCF: 9.50 (-0.02), ICD: 4.95 (+0.03), XOM: 83.54 (+0.24), BP: 34.26 (+0.65), PBFX: 19.93 (+0.04), MUSA: 72.33 (+0.80)
PBF Logistics to attend Citi MLP/Midstream Infrastructure Conference
PR Newswire - Mon Aug 15, 3:30PM CDT
PBF Logistics LP (NYSE
BFX) announced today that the partnership's management will be meeting with investors and industry analysts on August 17, 2016, at the Citi MLP/Midstream Infrastructure Conference in Las Vegas, NV. PBFX: 19.93 (+0.04)
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: 22.70 (+0.89), PBFX: 19.93 (+0.04)
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: 22.70 (+0.89), PBFX: 19.93 (+0.04)
PBF Logistics LP Announces Public Offering of Common Units Representing Limited Partner Interests
PR Newswire - Thu Aug 11, 3:27PM CDT
PBF Logistics LP (NYSE
BFX, the "Partnership" announced the commencement of a registered underwritten public offering of 4,000,000 common units representing limited partner interests in the Partnership pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (the "SEC". The underwriter will be granted a 30-day option to purchase up to 600,000 additional common units. PBFX: 19.93 (+0.04)
Buckeye Partners (BPL) Q2 Earnings Top but Revenues Lag
Zacks Equity Research - Zacks Investment Research - Fri Aug 05, 8:43AM CDT
Buckeye Partners, L.P. (BPL) reported second-quarter 2016 earnings from continuing operations of $1.07 per unit, beating the Zacks Consensus Estimate of 95 cents by 12.6%
RRMS: 27.17 (+0.26), BPL: 71.90 (+0.97), OKS: 39.26 (+1.10), PBFX: 19.93 (+0.04)
Plains All American (PAA) Incurs Q2 Loss, Revenues Beat
Zacks Equity Research - Zacks Investment Research - Wed Aug 03, 12:56PM CDT
Plain All American's (PAA) second-quarter loss lagged estimates, while revenues surpassed.
BWP: 17.02 (+0.09), OKS: 39.26 (+1.10), PBFX: 19.93 (+0.04), PAA: 29.94 (+1.29)
PBF Logistics Increases Quarterly Distribution to $0.43 per Common Unit and Announces Second Quarter 2016 Earnings Results
PR Newswire - Fri Jul 29, 5:30AM CDT
PBF Logistics LP (NYSE
BFX, the "Partnership" announced today second quarter 2016 net income of $16.3 million, or $0.41 per common unit. During the second quarter, the Partnership generated cash from operations of approximately $17.0 million, earnings before interest, income taxes, depreciation, and amortization ("EBITDA" of $26.0 million and distributable cash flow of $20.0 million. Included in our general and administrative expenses for the second quarter are $3.5 million, or $0.10 per common unit, of transaction expenses related to the acquisition of four refined products terminals (the "East Coast Terminals" from an affiliate of Plains All American Pipeline L.P. and expenses related to unit-based compensation in conjunction with a senior executive retirement. PBFX: 19.93 (+0.04), PAA: 29.94 (+1.29)
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: 22.70 (+0.89), PBFX: 19.93 (+0.04)
The Zacks Analyst Blog Highlights: Braskem, Independence Contract Drilling, PetroChina, PBF Logistics and Murphy USA
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 8:30AM CDT
The Zacks Analyst Blog Highlights: Braskem, Independence Contract Drilling, PetroChina, PBF Logistics and Murphy USA
BAK: 13.99 (-0.26), ICD: 4.95 (+0.03), PBFX: 19.93 (+0.04), MUSA: 72.33 (+0.80), PTR: 65.44 (-0.24)
5 Energy Stocks That Brokers Love Right Now
Nilanjan Choudhury - Zacks Investment Research - Thu Jun 23, 2:35PM CDT
We have identified 5 broker recommended energy stocks that are great buys right now.
BAK: 13.99 (-0.26), ICD: 4.95 (+0.03), PBFX: 19.93 (+0.04), MUSA: 72.33 (+0.80), PTR: 65.44 (-0.24)
Chevron, Shell to Divest Refineries to Retain Profitability
Zacks Equity Research - Zacks Investment Research - Mon Jun 20, 7:03AM CDT
Chevron Corporation (CVX) is contemplating the sale of its refinery and gasoline stations in Burnaby, British Columbia, while integrated energy major, Royal Dutch Shell plc (RDS.A) is seeking buyers for its refinery in Martinez, CA.
BAK: 13.99 (-0.26), RDS.A: 48.47 (+0.47), PBFX: 19.93 (+0.04), CVX: 99.98 (+0.35)
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