PBF LOGISTICS LP (NYSE:PBFX) Files An 8-K Other Events
Item 8.01. Other Events
Partnership) entered into a transaction (the PNGPC Acquisition)
with PBF Energy Company LLC (PBF LLC) to which PBFX, through its
wholly-owned subsidiary, PBFX Operating Company LLC, acquired from
PBF LLC all of the issued and outstanding limited liability company
interest of Paulsboro Natural Gas Pipeline Company LLC (PNGPC).
PNGPC owns an existing interstate natural gas pipeline (the
Paulsboro Natural Gas Pipeline) that originates in Delaware County,
Pennsylvania at an interconnection with Texas Eastern pipeline that
runs under the Delaware River and terminates at the delivery point
to PBF Holding Company LLC’s Paulsboro Refinery. PNGPC is subject
to regulation by the Federal Energy Regulatory Commission (FERC)
and has FERC approval for, and is in the process of constructing, a
new 24 pipeline to replace the Paulsboro Natural Gas Pipeline.
control. Accordingly, the Partnership’s consolidated financial
statements and notes have been retrospectively adjusted to include
PNGPC’s historical costs for all periods presented.
statements of the Partnership as of December 31, 2016 and 2015 and
for the years ended December 31, 2016, 2015 and 2014. These
consolidated financial statements give retrospective effect to the
PNGPC Acquisition. These consolidated financial statements update
Item 8 in the Partnerships Annual Report on Form 10-K for the year
ended December 31, 2016 filed with the Securities and Exchange
Commission (the SEC) on February 24, 2017 (the Form 10-K). Included
herein as Exhibit 99.2 is Managements Discussion and Analysis of
Financial Condition and Results of Operations, which relates to the
consolidated financial statements, and updates Item 7 in the
Partnerships Form 10-K. Also included herein as Exhibit 99.3 is
Selected Financial Data, which relates to the consolidated
financial statements, and updates Item 6 in the Partnership’s Form
10-K.
included in Exhibit 99.1 in this From 8-K to modify or update other
disclosures as presented in the from 10-K to reflect events or
occurrences after the date of the filing of the From 10-K. The
information included in this Form 8-K should be read in conjunction
with the Partnership’s Form 10-K, except with respect to the items
updated herein, and filings made by the Partnership with the SEC
subsequent to the filing of the Form 10-K, including the
Partnership’s Quarterly Report on From 10-Q for the quarterly
period ended March 31, 2017 filed on May 4, 2017..
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23.1
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Consent of Deloitte Touche LLP.
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99.1
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Consolidated Financial Statements of PBF Logistics LP.
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99.2
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Management’s Discussion and Analysis of Financial
Condition and Results of Operations. |
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99.3
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Selected Financial Data.
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101.INS
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XBRL Instance Document.
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101.SCH
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XBRL Taxonomy Extension Schema Document.
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101.CAL
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XBRL Taxonomy Extension Calculation Linkbase Document.
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101.DEF
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XBRL Taxonomy Extension Definition Linkbase Document.
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101.LAB
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XBRL Taxonomy Extension Label Linkbase Document.
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101.PRE
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XBRL Taxonomy Extension Presentation Linkbase Document.
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About PBF LOGISTICS LP (NYSE:PBFX)
PBF Logistics LP is engaged in the receiving, handling and transferring of crude oil and the receipt, storage and delivery of crude oil, refined products and intermediates. The Company operates through two segments: Transportation and Terminaling segment, and storage segment. The Company focuses on owning or leasing, operating, developing and acquiring crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. It receives, handles and transfers crude oil from sources located across the United States and Canada, and stores crude oil, refined products and intermediates for PBF Energy Inc. (PBF Energy) in support of its three refineries located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. Its assets consist of the DCR Rail Terminal, the Toledo Truck Terminal, the DCR West Rack, the Toledo Storage Facility and the Delaware City Products Pipeline and Truck Rack (collectively referred to as the Contributed Assets). PBF LOGISTICS LP (NYSE:PBFX) Recent Trading Information
PBF LOGISTICS LP (NYSE:PBFX) closed its last trading session up +0.15 at 20.65 with 65,581 shares trading hands.
