10% Yield, 23% DCF Growth In 2019, More Growth Due In 2020

This company yields 9.94%, with 1.16X distribution coverage in Q4 '19. DCF grew 22.82% and adjusted EBITDA grew 26.95% in 2019. Management is guiding to ~21% EBITDA growth in 2020, which implies DCF growth of ~14.5%. Distribution coverage should improve in 2020, as a result.

PBF Logistics LP (PBFX) owns, leases, acquires, develops, and operates crude oil and refined petroleum products terminals, pipelines, storage facilities, and other logistics assets. PBF Logistics GP LLC serves as the general partner of PBF Logistics LP. The company was founded in 2013 and is headquartered in Parsippany, N.J. PBFX's assets serve its parent PBF Energy (PBF), which is the fourth-largest US refiner by throughput capacity:

Source: Seeking Alpha

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