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PBF Energy Inc. (NYSE:PBF) has commented on the Bay Area Air Quality Management District's decision to adopt Proposed Amended Rule 6-5, regulating particulate emissions from refinery Fluid Catalytic Cracking units. Paul Davis, President of PBF Energy's Western Region, noted that the company has been proactively involved in the rule-making process. The new rule mandates refineries to achieve specific emissions standards by 2026 without requiring particular technologies. PBF plans to implement projects to reduce emissions at its Martinez refinery closer to the desired levels by early 2022.
PBF Energy Inc. (NYSE:PBF) announced participation in the J.P. Morgan Energy, Power and Renewables Conference on June 22, 2021. The management team will represent one of the largest independent refiners in North America, which operates oil refineries in states like California, Delaware, Louisiana, New Jersey, and Ohio. PBF Energy also owns about 48% of PBF Logistics LP (NYSE:PBFX). The company focuses on safe and environmentally responsible operations while providing superior returns to investors.
PBF Energy Inc. (NYSE:PBF) will release its second quarter 2021 earnings results on Thursday, July 29, 2021. A conference call and webcast to discuss these results will also take place on the same day at 8:30 a.m. ET. Interested parties can access the call via PBF Energy's website or by dialing the provided numbers. PBF Energy is a major North American independent refiner, operating refineries in multiple states and holding approximately 48% of PBF Logistics LP (NYSE:PBFX).
PBF Logistics LP (NYSE: PBFX) will report its second-quarter 2021 earnings on Thursday, July 29, 2021. The company has scheduled a conference call and webcast that same day at 11:00 a.m. ET to discuss the quarterly results and other business developments. Investors can access the call via the company’s website or by dialing the provided numbers. PBF Logistics is a growth-oriented master limited partnership focused on logistics assets related to crude oil and refined petroleum products.
PBF Energy Inc. (NYSE:PBF) will participate in the Virtual Wells Fargo Energy Conference on June 2, 2021. This event provides a platform for the company’s management team to engage with investors and analysts.
PBF Energy is one of North America's largest independent refiners, with operations across California, Delaware, Louisiana, New Jersey, and Ohio. The company emphasizes safety, reliability, and environmental responsibility in its operations. Additionally, PBF Energy holds approximately 48% of the limited partnership interest in PBF Logistics LP (NYSE: PBFX).
PBF Energy reported a first quarter 2021 income from operations of $57.7 million, a significant recovery from a loss of $1,366.8 million in the same quarter of 2020. However, excluding special items, the company posted a loss from operations of $317.8 million. The net loss attributed to PBF Energy was $41.3 million or $(0.34) per share, compared to a staggering net loss of $1,065.9 million in Q1 2020. The company emphasized its focus on maintaining liquidity with $2.3 billion available and a strategic pivot towards renewable fuels, while also facing sector challenges like rising compliance costs.
PBF Logistics LP (NYSE: PBFX) reported a strong first quarter of 2021 with a net income of $37.2 million, translating to $0.59 per common unit. The Partnership generated $54.8 million in cash from operations and an EBITDA of $57.9 million. Adjusted EBITDA stood at $59.0 million, accompanied by a distributable cash flow of $48.2 million. A quarterly distribution of $0.30 per unit was declared, payable on May 27, 2021. The partnership maintains liquidity of approximately $355.0 million and aims to strengthen its balance sheet while reducing net leverage.
PBF Logistics LP (NYSE:PBFX) will announce its Q1 2021 earnings results on April 29, 2021. A conference call and webcast will follow at 11:00 a.m. ET the same day, where the company will discuss quarterly results and business updates. The call can be accessed via the company's website or by dialing the provided numbers. PBF Logistics is focused on owning and operating logistics assets related to crude oil and refined petroleum products.
PBF Energy Inc. (NYSE: PBF), a leading independent refiner in North America, will participate in the Scotia Howard Weil Energy Conference on March 24, 2021. The event will feature members of PBF's management team, providing insights into the company's operations and market strategies. PBF operates refineries across several states, including California, Delaware, Louisiana, New Jersey, and Ohio. Additionally, PBF holds approximately 48% of the limited partnership interest in PBF Logistics LP (NYSE: PBFX).
PBF Energy Inc. (NYSE:PBF) will take part in the Bank of America Refining Conference on March 10, 2021. This event enables members of their management team to engage with industry stakeholders, highlighting their operations as a significant independent refiner in North America. With refineries located in states like California, Louisiana, and New Jersey, PBF aims to operate safely, responsibly, and profitably while benefiting local communities. Additionally, PBF indirectly owns about 48% of the limited partnership interest in PBF Logistics LP (NYSE:PBFX).
