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Recap: PBF Logistics Q1 Earnings

Shares of PBF Logistics (NYSE:PBFX) rose 0.2% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 22.92% over the past year to $0.59, which beat the estimate of $0.50.

Benzinga · 05/15/2020 12:48

Shares of PBF Logistics (NYSE:PBFX) rose 0.2% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 22.92% over the past year to $0.59, which beat the estimate of $0.50.

Revenue of $93,029,000 up by 17.99% from the same period last year, which beat the estimate of $89,700,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

PBF Logistics hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: May 15, 2020

Webcast URL: https://78449.choruscall.com/dataconf/productusers/pbfx/mediaframe/37456/indexr.html

Recent Stock Performance

Company's 52-week high was at $22.00

52-week low: $3.06

Price action over last quarter: down 58.57%

Company Overview

PBF Logistics LP is a US-based limited partnership which owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. The company operates through two business segments namely Transportation and terminaling segment and Storage segment. The Transportation and terminaling segment which derives majority revenue consists of CR Rail Terminal, DCR West Rack, Toledo Truck Terminal and others. The Storage segment covers Toledo storage facility which consists of tanks for storing crude oil, refined products, and intermediates.