PBF Energy Q2 EPS Falls - Quick Facts

By RTT News, 
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(RTTNews.com) - PBF Energy Inc. ( PBF ) said its second-quarter net income attributable to the company grew year-over-year to $21.0 million, from $16.83 million, while earnings per Class A common share plummeted to $0.29, from $0.61 a year before. Quarterly net income plunged to $45.84 million, from $107.17 million last year.

Adjusted pro forma net income for the recent period was $34.2 million, or $0.35 per share on a fully exchanged, fully diluted basis, compared with $71.5 million, or $0.73 per share, for the second quarter 2013.

PBF Energy's results reflect the consolidation of the financial results of PBF Logistics LP ( PBFX ), a master limited partnership of which PBF Energy indirectly owns the general partner and about 50.2% of the limited partnership interests.

The firm's revenues stood at $5.3 billion, compared with the prior-year figure of $4.68 billion.

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This article appears in: Earnings

Referenced Stocks: PBF , PBFX

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