PBF Logistics LP (PBFX) Releases Earnings Results, Misses Expectations By $-0.08 EPS

PBF Logistics LP (PBFX) reported quarterly earnings results on Friday, Jul-29-2016. The company reported $0.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $0.49. The company posted revenue of $40.65 million in the period, compared to analysts expectations of $37.89 million. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

PBF Logistics LP opened for trading at $21.95 and hit $22.456 on the upside on Thursday, eventually ending the session at $21.96, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 15,728 shares. Company has a market cap of $819 M.

In a different news, on Jun 30, 2016, Bruce A. Jones (director) purchased 400 shares at $22.75 per share price.

PBF Logistics LP is engaged in the receiving handling and transferring of crude oil and the receipt storage and delivery of crude oil refined products and intermediates. The Company was formed by PBF Energy Inc. (PBF Energy) and its indirect subsidiary PBF Logistics GP LLC to own or lease operate develop and acquire crude oil and refined petroleum products terminals pipelines storage facilities and similar logistics assets. The Company receives handles and transfers crude oil from sources located throughout the United States and Canada and store crude oil refined products and intermediates for PBF Energy in support of its three refineries located in Toledo Ohio Delaware City Delaware and Paulsboro New Jersey. Its assets consist of the DCR Rail Terminal Toledo Truck Terminal the DCR West Rack and the Toledo Storage Facility. The Company’s business consists of two operating segments: terminaling segment and storage segment.

PBF Logistics LP

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