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PBF Logistics: 8.4% Yield With Stable Outlook

Apr. 02, 2022 3:38 AM ETPBF Energy Inc. (PBF)2 Comments
Cappuccino Finance profile picture
Cappuccino Finance


  • PBF Logistics generated substantial cash that covers their dividend in 2021, and the future outlook is stable given the high price of petroleum.
  • Since 2019, management has been improving the balance sheet and reducing long term debt (decreased from $802 M in 2019 to $622 M in 2021).
  • With a strengthening balance sheet and strong cash generation, I expect PBF Logistics will see increasing revenue going forward.

Oil Refinery And Pipeline In Desert During Sunset

imaginima/iStock via Getty Images

Investment Thesis

PBF Logistics (PBFX) is a fee-based limited partnership that owns, leases, and operates petrochemical product terminals, pipelines, and storage facilities. PBF Energy is the sole managing member of PBF Logistics, and the majority of PBF Logistics' revenue comes from PBF

Supply Demand Curve of Crude Oil

Supply Demand Curve of Crude Oil (U.S. Energy Information and Administration)

MVC Payments Schedule

MVC Payments Schedule (SEC Filings)

This article was written by

Cappuccino Finance profile picture
Visit me at Cappuccino Finance, I share my top picks (Value, Growth, Dividend & Growth), market outlook, and interesting ideas from super investors, based on my 12 years of experience and knowledge in stock investment and in real estate. I, Justin J. Lee, believe in fundamental analysis and disciplined market research. I have strong quant background with a Ph.D. (University of California, Santa Barbara) in model predictive control and an MBA (Jones School of Business, Rice University). My primary focus is to identify 1) small cap companies with strong fundamentals and growth potential, 2) large cap companies going through temporary set-backs, and 3) stable companies with solid dividend yields and growth potential.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of PBFX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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