It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. SquareOne Energy, LLC (“SquareOne” or the “Company”) announced today the continued advancement of its initial discarded and used oil recycling facility in the Philadelphia region through its engagement… 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.
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Key Earnings Data
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This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered. Securities products offered by Open to the Public Investing are not FDIC insured. Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits. PBF Logistics Declares Quarterly DistributionThe board of directors of PBF Logistics GP LLC, the Partnership’s general partner, declared a regular quarterly cash distribution of $0.30 per common unit.
Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. On October 27, 2022, the board of directors of our general partner announced a quarterly cash distribution of $0.30 per limited partner unit based on the results of the third quarter of 2022. The distribution is payable on November 18, 2022 to PBFX unitholders of record at the close of business on November 7, 2022. The total distribution amount includes the expected distributions to be made related to third quarter earnings. Commission-free trading of stocks and ETFs refers to $0 commissions for Open to the Public Investing self-directed individual cash brokerage accounts that trade the U.S.-listed, registered securities electronically during the Regular Trading Hours.
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This represents a $1.20 dividend on an annualized basis and a yield of 6.03%. You can find your newly purchased PBFX stock in your portfolio—alongside the rest of your stocks, ETFs, crypto, treasuries, and alternative assets. Below are the latest news stories about PBF LOGISTICS LP that investors may wish to consider to help them evaluate PBFX as an investment opportunity. Dividend yield shows how much a company pays its shareholders in dividends annually per dollar invested. It reflects how much an investor will earn aside from any capital gains in the stock. The technique has proven to be very useful for finding positive surprises.
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- 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 Declares Quarterly DistributionThe board of directors of PBF Logistics GP LLC, the Partnership’s general partner, declared a regular quarterly cash distribution of $0.30 per common unit.
- PBF Logistics (PBFX) reported Q earnings per share (EPS) of $0.55, missing estimates of $0.61 by 9.49%.
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- Investors of record on Monday, November 7th will be given a dividend of $0.30 per share on Friday, November 18th.
The distribution is payable on November 18, 2022, to unitholders of record at the close of business on November 7, 2022. First quarter income from operations of $532.4 million (excluding special items, first quarter income from operations of $516.1 million) Increased share repurchase authorization to $1.0 billion Repurc… Plains All American Pipeline’s (PAA) third-quarter earnings were better than expected and the firm raised its 2022 average crude oil pipeline volumes. 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. These non-GAAP financial measures should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Our definitions of these non-GAAP financial measures may not be comparable to similarly titled measures of other partnerships, because they may be defined differently by other partnerships in our industry, thereby limiting their utility.
PBFX Stock Predictions, Articles, and PBF Logistics LP News
Forward-looking statements reflect information, facts and circumstances only as of the date they are made. The Partnership assumes no responsibility or obligation to update forward-looking statements https://investmentsanalysis.info/ except as may be required by law. Alternative Assets.Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (“Dalmore”), member of FINRA & SIPC.
Fourth quarter income from operations of $955.6 million (excluding special items, fourth quarter income from operations of $873.0 million) Year-ending consolidated cash balance of approximately $2.2 b… Oil refining stocks posted record-high profits in 2022, thanks to the wide margin between the cost of crude oil and refined products. Second quarter income from operations of $1,389.2 million (excluding special items, second quarter income from operations of $403.7 million) Closed partnership with Eni Sustainable Mobility, received … JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (“Public”) or any of its subsidiaries. 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. Open to Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. (“Public Holdings”).
Keep in mind that other fees such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account. Net debt is a non-GAAP measure calculated by subtracting cash and cash equivalents from total debt. We believe this measurement is also useful to investors since we have the ability to, and may decide to, use a portion of our cash and cash equivalents to retire or pay down our debt.
You can sign up for an account directly on our website or by downloading the Public app for iOS or Android. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Plus, PBFX info will be updated daily in your Zacks.com Portfolio Tracker – also free.
What is the 52-week high for PBFX stock?
EBITDA, EBITDA attributable to PBFX, Adjusted EBITDA and distributable cash flow have important limitations as analytical tools because they exclude some, but not all, items that affect net income and net cash provided by operating activities. EBITDA, EBITDA attributable to PBFX, Adjusted EBITDA and distributable cash flow are reconciled to their most directly comparable financial measures calculated and presented in accordance with GAAP in the Earnings Release Tables included herein. Forward-looking StatementsStatements in this press release relating to future plans, results, performance, expectations, achievements and the like are considered “forward-looking statements” (as that term is defined under the federal securities laws).
Tom Nimbley, PBF Energy’s and PBF Logistics’ Chairman and CEO, said, “On behalf of the Boards of Directors and management team, we thank unitholders for their support in completing this significant milestone. We are excited to complete the transaction today and look forward to the continued success of the combined company.” These companies have market caps of at least $500 million, have positive earnings and debt that doesn’t exceed its net worth. According to 11 analysts, the average rating for PBF stock is “Buy.” The 12-month stock price forecast is $51.6, which is an increase of 4.86% from the latest price. Use these ten stocks to generate a safe and reliable source of investment income. The most recent change in the company’s dividend was a decrease of $0.22 on Monday, May 18, 2020. Banking services and bank accounts are offered by Jiko Bank, a division of Mid-Central National Bank, Member FDIC.
PBF Logistics LP, headquartered in Parsippany, New Jersey, is a fee-based, growth-oriented master limited partnership formed by PBF Energy to own or lease, operate, develop and acquire crude oil and refined petroleum products, terminals, pipelines, storage facilities and similar logistics assets. Forward-Looking StatementsThis press release contains forward-looking statements (as that term is defined under the federal securities laws) made by the Partnership and its management. Such statements are based on current expectations, forecasts and projections, including, but not limited to, anticipated financial and operating results, plans, objectives, expectations and intentions that are not historical in nature. Forward-looking statements should not be read as a guarantee of future performance or results, and may not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved. For more information concerning factors that could cause actual results to differ from those expressed or forecasted, see PBFX’s filings with the Securities and Exchange Commission including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q.
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