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. In addition, the company is involved in receiving, handling, storing, and transferring crude oil, refined products, natural gas, and intermediates.

• We base our calculation of net income per limited partner unit on the weighted-average number of limited partner units outstanding during the period and the amount of available cash that has been, or will be, distributed to the limited partners.
• Stocks and ETFs.Brokerage services for US-listed, registered securities are offered to self-directed customers by Open to the Public Investing, Inc. (“Open to the Public Investing”), a registered broker-dealer and member of FINRA & SIPC.
• For additional information on the Partnership’s non-GAAP financial measures, including reconciliations to their most directly comparable financial measures calculated and presented in accordance with GAAP, refer to the supplemental information provided in «Results of Operations» and the Earnings Release Tables included herein.
• Alternative Assets purchased on the Public platform are not held in an Open to the Public Investing brokerage account and are self-custodied by the purchaser.

This non-GAAP financial measure should not be considered in isolation or as a substitute for analysis of our debt levels as reported under GAAP. Our definition of net debt may not be comparable to similarly titled measures of other partnerships, because it may be defined differently by other partnerships in our industry, thereby limiting its utility. Our net debt as of September 30, 2022 and December 31, 2021 was $478,881 and $588,640, respectively. All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. You should consult your legal, tax, or financial advisors before making any financial decisions. This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy.

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/PRNewswire/ — Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws… Euronav NV EURN, Frontline https://investmentsanalysis.info/ Ltd FRO and PBF Energy Inc PBF shares are all trading sharply higher going into the close of Monday’s session. One share of PBFX stock can currently be purchased for approximately $19.90.

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Despite the recent plunge in oil prices, the reopening of the Chinese economy and tight supplies appear beneficial for the energy market. «PBF Logistics enjoyed another quarter of safe, reliable and consistent operations. We reduced our net leverage by an incremental $30 million, $100 million on a year-to-date basis, and today announced a quarterly distribution of $0.30 per unit,» said PBF Logistics Top 10 commodities GP LLC Executive Vice President Matt Lucey. «Our 2022 focus remains on the continued health and safety of our employees and operations, providing high-quality, uninterrupted service to our customers.» At a special meeting of holders of PBFX Common Units held earlier today, approximately 42,541,772 (or 67.8 percent) of the issued and outstanding PBFX Common Units voted to approve the merger proposal.

PBF Energy Announces First Quarter 2023 Results and Declares Dividend of $0.20 per Share

No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. As of September 30, 2022, the Partnership had approximately $541.4 million of liquidity, including approximately $44.9 million in cash and cash equivalents, and access to approximately $496.5 million under its revolving credit facility. Year-to-date, the outstanding balance of the revolving credit facility has been reduced by $100.0 million.

The move this week by OPEC+ countries to cut oil production might only be the first of a group of cuts that will raise prices for consumers while rewarding investors. Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment. Get this delivered to your inbox, and more info about our products and services. PBF Logistics’s most recent n/a dividend payment of $0.30 per share was made to shareholders on Friday, November 18, 2022.

PBF Energy to Participate in the Annual Piper Sandler Energy Conference

For example, a price above its moving average is generally considered an upward trend or a buy. The Chart of the Day belongs to the pipeline company PBF Logistics (PBFX) . I found the stock by sorting Barchart’s Top Stocks to Buy list first by the most frequent number of new highs in the last month,…

• Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
• Our definition of net debt may not be comparable to similarly titled measures of other partnerships, because it may be defined differently by other partnerships in our industry, thereby limiting its utility.
• Neither PBF Energy nor PBF Logistics undertakes any obligation to revise or update any forward-looking statements except as may be required by applicable law.
• For additional information on this transaction, please refer to the Partnership’s filings with the Securities and Exchange Commission.

A series of growth-focused acquisitions sets this income stock up for fast-paced growth in the coming years. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Provides a general description of the business conducted by this company.

SAN FRANCISCO (MarketWatch) — Peoples Financial Corp. , parent company of The Peoples Bank, said after Wednesday’s closing bell that it’s increasing the holding company’s regular semiannual cash dividend 11.1% to 20 cents… See «Non-GAAP Financial Measures» on page 4 for definitions of EBITDA, EBITDA attributable to PBFX, Adjusted EBITDA, distributable cash flow and coverage ratio. Our results of operations may not be comparable to our historical results of operations due to certain debt transactions and our annual inflation adjustment to our commercial agreements.

An affiliate of Public may be “testing the waters” and considering making an offering of securities under Tier 2 of Regulation A. No money or other consideration is being solicited and, if sent in response, will not be accepted. No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification by the SEC or as stated in the offering materials relating to an investment opportunity, as applicable. An indication of interest to purchase securities involves no obligation or commitment of any kind. We believe that the presentation of EBITDA, EBITDA attributable to PBFX and Adjusted EBITDA provides useful information to investors in assessing our financial condition and results of operations and assists in evaluating our ongoing operating performance for current and comparative periods. However, EBITDA, EBITDA attributable to PBFX, Adjusted EBITDA and distributable cash flow should not be considered alternatives to net income, income from operations, net cash provided by operating activities or any other measure of financial performance or liquidity presented in accordance with GAAP.

PBF Logistics LP was founded in 2012 and is headquartered in Parsippany, New Jersey. As of November 30, 2022, PBF Logistics LP operates as a subsidiary of PBF Energy Company LLC. The Merger Agreement provides that each outstanding common unit of the Partnership held by an unaffiliated common unitholder will receive 0.270 shares of PBF Energy Class A common stock and $9.25 in cash, without interest. The merger is expected to close in the fourth quarter of 2022, subject to customary closing conditions. For additional information on this transaction, please refer to the Partnership’s filings with the Securities and Exchange Commission. PBF Logistics LP PBF Logistics LP, headquartered in Parsippany, New Jersey, is a fee-based, growth-oriented master limited partnership formed by PBF Energy Inc. to own or lease, operate, develop and acquire crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets.

These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which may be beyond PBF Energy’s or PBF Logistics’ control, that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors and uncertainties that may cause actual results to differ include but are not limited to the risks disclosed in PBF Energy’s or PBF Logistics’ filings with the SEC. Neither PBF Energy nor PBF Logistics undertakes any obligation to revise or update any forward-looking statements except as may be required by applicable law. PBF Logistics (PBFX) reported Q earnings per share (EPS) of $0.55, missing estimates of $0.61 by 9.49%. In the same quarter last year, PBF Logistics’s earnings per share (EPS) was $0.58. PBF Logistics is expected to release next earnings on -, with an earnings per share (EPS) estimate of $0.61.