PBF Logistics LP (NYSE:PBFX) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PBFX to report 3Q20 income of $ 0.56 per share.
For the full year, analysts anticipate top line of $ 366.09 million, while looking forward to income of $ 2.27 per share bottom line.
Previous Quarter Performance
PBF Logistics LP recorded income for the second quarter of $ 0.62 per share, from the revenue of $ 89.13 million. The quarterly earnings boosted 67.57 percent compared with the same quarter last year. According to street consensus, PBFX was expected to report 2Q20 income of $ 0.48 per share from revenue of $ 89.45 million. The bottom line results beat street analysts by $ 0.14 or 29.17 percent, at the same time, top line results fell short of analysts by $ 0.32 million or 0.36 percent.
Stock Performance
Shares of PBF Logistics LP traded low $ -0.13 or -1.63 percent on Wednesday, reaching $ 7.83 with volume of 653.40 thousand shares. PBF Logistics LP has traded high as $ 8.10 and has cracked $ 7.71 on the downward trend
According to the previous trading day, closing price of $ 7.83, representing a 160.13 % increase from the 52 week low of $ 3.06 and a 63.75 % decrease over the 52 week high of $ 21.96.
The company has a market capital of $ 488.21 million and is part of the Energy sector and Oil & Gas Midstream industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.30 per share on July 31, 2020. The dividend were payable on August 26, 2020 to holders of record as of the close of business on August 13, 2020 and ex-dividend date on August 12, 2020.
Conference Call
PBF Logistics LP will be hosting a conference call at 11:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.pbflogistics.com
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 through two segments, Transportation and Terminaling; and Storage. The companys assets include Delaware City Refining Company LLC (DCR) rail terminal, a double loop track with ancillary pumping and unloading equipment; the Toledo Truck Terminal, a crude truck unloading terminal; the DCR West Rack, a heavy crude oil rail unloading facility at the Delaware city refinery; the Toledo storage facility, which includes a propane storage and loading facility; the DCR products pipeline, an interstate petroleum products pipeline; the DCR Truck Rack, a truck loading rack; the San Joaquin Valley pipeline system and Paulsboro natural gas pipeline; and Knoxville Terminals, which consists of two refined product terminals located in Knoxville, Tennessee.
