Pbf Logistics Lp - Unit

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Other Pre-Announcement

Pbf Energy Announces First Quarter 2021 Results

Published: 04/29/2021 11:41 GMT
(PBFX) - Pbf Energy Announces First Quarter 2021 Results.
Q1 Loss per Share $0.34.
Qtrly Revenues $4,924.8 Million Versus $5,277.5 Million.
Qtrly Adjusted Fully-converted Net Loss for Q1 2021, Excluding Special Items, Was $2.61 per Share.
Full-year Capital Expenditures Are Expected to Be Approximately $400 to $450 Million.
Q1 Revenue View $4.82 Billion -- Refinitiv Ibes Data (analyst estimates).
Consistent With Previous Guidance, Refining Capital Spending Program for First Half of 2021 is Expected to Be Approximately $150 Million.
Overall Market Outlook for Second Half of 2021 Remains Constructive, With Continued Gradual Improvement in Demand.
Should Market Conditions Change From Our Current Expectations, Expect That We Will Review Our Capital Requirements, Adjust As Needed.
Expect Demand to Continue Gradual Improvement As Vaccine Rollout and Approaching Herd-immunity Should Allow Return to Normal Routines.