Company Overview and News
The reason for that are well-timed (for it) agreements with its corporate sponsor. Once renegotiated early in 2022, the company will lose a significant source of cash flow. (2-0)
I highly value the feedback I receive, which is why I've taken the time to further clarify my approach and strategy. (12-1)
It just eliminated the GP incentive distribution rights and interests to simplify the corporate structure and lower cost of equity. (34-0)
We circled back onto the midstream LP high-yield trail this week to cover Summit Midstream Partners LP (SMLP), one of many midstream companies we've written articles about. (14-0)
Shell Midstream Partners (SHLX), Royal Dutch Shell’s (RDS-A) midstream MLP subsidiary, posted strong earnings numbers during the third quarter. SHLX’s adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) rose 30.0% to $92.0 million in 3Q17 from $70.9 million in 3Q16. Moreover, SHLX beat its 3Q17 EBITDA estimate by 12.0%. The partnership benefited from strong crude oil and refined product throughput volumes, partially offset by the impact of hurricanes on the partnership’s operations. (22-0)
Looking for a standout midstream pipeline company with an attractive yield? Maybe you should consider PBF Logistics (PBFX), an LP we've covered in some previous articles. PBFX and its parent company, PBF Energy (PBF), both just reported strong Q3 earnings this week. (14-0)
Welcome to the PBF Logistics Third Quarter 2017 Earnings Conference Call and Webcast. At this time, all participants have been placed in a listen-only mode, and the floor will open for questions, following the management’s prepared remarks [Operator Instructions]. Please note the conference is being recorded.
Good day, everyone, and welcome to the PBF Energy Third Quarter 2017 Earnings Conference Call and Webcast. At this time, all participants have been placed in a listen-only mode. And the floor will be opened for your questions following management's prepared remarks. Please note, this call may be recorded. (28-0)
It just reported record revenues (up 17%), net income (up 53%), EBITDA (up 43%), and distributable cash flow (up 47%). (16-0)
Do you like ice cream? Do you drive a car? Maybe you like an occasional glass of spirits? A yes answer to any of these three questions would indicate that you've probably experienced the sprawling reach of ethanol, which is used in - food products, from ice cream to tomato sauce, blended gasolines, such as E10 or E15, and the hard stuff, as distillers grains, which are used in the distillation process. (16-0)
* PBF Logistics LP announces pricing of upsized offering of $175 million of additional 6.875 pct senior notes due 2023
PARSIPPANY, N.J., Oct. 3, 2017 /PRNewswire/ -- PBF Logistics LP (the "Partnership") (NYSE: PBFX) announced today the pricing of $175 million in aggregate principal amount of additional 6.875% Senior Notes due 2023 (the "notes"). This represents an increase of $25 million over the aggregate principal amount previously announced. The notes will be issued to the public at an offering price of 102% of the principal amount thereof, plus accrued interest from May 15, 2017.
* PBF Logistics LP announces intention to offer $150 million of additional 6.875% senior notes due 2023
PARSIPPANY, N.J., Oct. 3, 2017 /PRNewswire/ -- PBF Logistics LP (the "Partnership") (NYSE: PBFX) today announced that it intends to offer $150 million aggregate principal amount of additional 6.875% Senior Notes due 2023 (the "notes"). The Partnership intends to use the net proceeds from the offering to repay a portion of the indebtedness outstanding under its revolving credit facility and for general partnership purposes.
PARSIPPANY, N.J., Sept. 19, 2017 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) announced today that it will release its earnings results for the third quarter 2017 on Thursday, November 2, 2017. The company will host a conference call and webcast regarding third quarter results and other business matters on Thursday, November 2, 2017, at 8:30 a.m. ET.
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