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PBF Energy provides guidance on 2020 crude throughput, maintenance

PBF Energy Inc. expects its total throughput for 2020 to be 840,000 barrels per day to 890,000 bbl/d and its first-quarter throughput to be 810,000 bbl/d to 860,000 bbl/d, according to a Jan. 6 SEC filing.

The company expects its East Coast throughput to be 350,000 bbl/d to 370,000 bbl/d and its first-quarter throughput to be 350,000 bbl/d to 370,000 bbl/d. Mid-Continent throughput should range from 140,000 bbl/d to 150,000 bbl/d for the year and from 110,000 bbl/d to 120,000 bbl/d in the first quarter. Gulf Coast's throughput was projected at 185,000 bbl/d to 195,000 bbl/d for the year and the first quarter. West Coast throughput for 2020 and the first quarter is expected at 165,000 bbl/d to 175,000 bbl/d.

PBF Energy also released its maintenance schedule for 2020. The company's 182,200-bbl/d refinery in Delaware City, Del., will have its 11,729-bbl/d alkylation unit serviced in the first quarter for 35 to 45 days. The 182,200-bbl/d crude unit will be serviced in the fourth quarter for 35 to 45 days.

The 9,950-bbl/d alkylation unit and the 73,700-bbl/d fluid catalytic cracking unit of the company's 172,800-bbl/d refinery in Toledo, Ohio, will be serviced in the first to second quarter for 40 to 50 days. The 160,000-bbl/d refinery in Paulsboro, N.J., will have its 28,500-bbl/d continuous catalytic reforming unit serviced in the second quarter for 20 to 30 days.

PBF Logistics LP is expected to bring in revenues of $390 million in 2020. Operating expenses are projected at $135 million, while EBITDA attributable to the partnership is estimated at $225 million. Maintenance capital expenditures are projected at $16 million, while growth and regulatory capex are estimated at $13 million.

PBF Energy indirectly owns the general partner and 48% of the limited partnership interest in PBF Logistics.