PBF Energy (PBF) 10-Q 4 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
	Mar. 31, 2017	May 03, 2017
Entity Information [Line Items]
Entity Registrant Name	PBF ENERGY INC.
Entity Central Index Key	1,534,504
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Class A Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		109,687,715
Class B common stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		27

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents (PBFX: $40,830 and $64,221, respectively)		$ 306,091	$ 746,274
Accounts receivable		610,213	620,175
Inventories		2,085,958	1,863,560
Marketable securities - current (PBFX: $40,054 and $40,024, respectively)		40,054	40,024
Prepaid expense and other current assets		82,975	137,222
Total current assets		3,125,291	3,407,255
Property, plant and equipment, net (PBFX: $635,003 and $608,802, respectively)		3,380,082	3,328,770
Deferred tax assets		398,787	379,306
Deferred charges and other assets, net		608,077	506,596
Total assets	[1]	7,512,237	7,621,927
Current liabilities:
Accounts payable		380,575	535,907
Accrued expenses		1,616,275	1,467,684
Deferred revenue		3,949	13,292
Current portion of long-term debt (PBFX: $0 and $39,664, respectively)		0	39,664
Total current liabilities		2,000,799	2,056,547
Long-term debt (PBFX: $532,427 and $532,011, respectively)		2,112,113	2,108,570
Payable to related parties pursuant to tax receivable agreement		611,392	611,392
Deferred tax liabilities		45,661	45,699
Other long-term liabilities		230,049	229,035
Total liabilities		5,000,014	5,051,243
Commitments and contingencies (Note 9)
Equity:
Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares outstanding at March 31, 2017 and December 31, 2016		0	0
Treasury stock, at cost, 6,088,345 shares outstanding at March 31, 2017 and 6,087,963 shares outstanding at December 31, 2016		(151,547)	(151,547)
Additional paid in capital		2,251,133	2,245,788
Retained earnings/(Accumulated deficit)		(108,829)	(44,852)
Accumulated other comprehensive loss		(24,135)	(24,439)
Total PBF Energy Inc. equity		1,966,716	2,025,044
Noncontrolling interest		545,507	545,640
Total equity		2,512,223	2,570,684
Total liabilities and equity		7,512,237	7,621,927
Class A Common Stock [Member]
Equity:
Common stock		94	94
Class B common stock [Member]
Equity:
Common stock		$ 0	$ 0
[1]	(3)The Logistics segment includes 100% of the assets of TVPC as TVPC is consolidated by PBFX. PBFX records a noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records an equity investment in TVPC reflecting its noncontrolling ownership interest. For the purposes of the consolidated PBF Energy financial statements, PBFX’s noncontrolling interest in TVPC and PBF Holding’s equity investment in TVPC eliminate in consolidation.

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Cash and cash equivalents (PBFX: $40,830 and $64,221, respectively)	$ 306,091	$ 746,274
Treasury Stock, Value	$ 151,547	$ 151,547
Treasury stock, shares	6,088,345	6,087,963
Preferred stock, par value (USD per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares outstanding	0	0
Marketable securities - current (PBFX: $40,054 and $40,024, respectively)	$ 40,054	$ 40,024
Property, plant and equipment, net (PBFX: $635,003 and $608,802, respectively)	3,380,082	3,328,770
Current portion of long-term debt (PBFX: $0 and $39,664, respectively)	0	39,664
Long-term debt (PBFX: $532,427 and $532,011, respectively)	$ 2,112,113	$ 2,108,570
Class A Common Stock [Member]
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares outstanding	109,667,715	109,204,047
Class B common stock [Member]
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000	1,000,000
Common stock, shares outstanding	27	28
PBF Logistics LP [Member]
Cash and cash equivalents (PBFX: $40,830 and $64,221, respectively)	$ 40,830	$ 64,221
Marketable securities - current (PBFX: $40,054 and $40,024, respectively)	40,054	40,024
Property, plant and equipment, net (PBFX: $635,003 and $608,802, respectively)	635,003	608,802
Current portion of long-term debt (PBFX: $0 and $39,664, respectively)	0	39,664
Long-term debt (PBFX: $532,427 and $532,011, respectively)	$ 532,427	$ 532,011

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017		Mar. 31, 2016
Income Statement [Abstract]
Revenues	$ 4,754,473		$ 2,800,185
Cost and expenses:
Cost of sales, excluding depreciation	4,196,767		2,412,095
Operating expenses, excluding depreciation	451,367		299,999
General and administrative expenses	43,830		37,582
Loss on sale of assets	883		0
Depreciation and amortization expense	60,932		55,933
Total cost and expenses	4,753,779		2,805,609
Income (loss) from operations	694	[1]	(5,424)
Other income (expenses):
Change in fair value of catalyst leases	(2,588)		(2,885)
Interest expense, net	(37,183)		(37,527)
Income (loss) before income taxes	(39,077)		(45,836)
Income tax expense (benefit)	(19,047)		(22,500)
Net income (loss)	(20,030)		(23,336)
Less: net income attributable to noncontrolling interests	11,047		6,052
Net income (loss) attributable to PBF Energy Inc. stockholders	$ (31,077)		$ (29,388)
Weighted-average shares of Class A common stock outstanding
Basic (in shares)	108,760,374		97,809,384
Diluted (in shares)	108,760,374		97,809,384
Net income (loss) available to Class A common stock per share:
Basic (in dollars per share)	$ (0.29)		$ (0.30)
Diluted (in dollars per share)	(0.29)		(0.30)
Dividends per common share (in dollars per share)	$ 0.30		$ 0.3
[1]	(1)The Logistics segment includes 100% of the income from operations of TVPC as TVPC is consolidated by PBFX. PBFX records net income attributable to noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records equity income in investee related to its 50% noncontrolling ownership interest in TVPC. For the purposes of the consolidated PBF Energy financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation. As the acquisition of PBFX’s 50% interest in TVPC was completed in the third quarter of 2016, there was no impact on comparative March 31, 2016 disclosures.

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (20,030)	$ (23,336)
Other comprehensive income:
Unrealized gain (loss) on available for sale securities	27	306
Net gain on pension and other postretirement benefits	287	316
Total other comprehensive income	314	622
Comprehensive income (loss)	(19,716)	(22,714)
Less: comprehensive income attributable to noncontrolling interests	11,057	6,082
Comprehensive income (loss) attributable to PBF Energy Inc. stockholders	$ (30,773)	$ (28,796)

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income (loss)	$ (20,030)	$ (23,336)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:
Depreciation and amortization	63,527	58,595
Stock-based compensation	6,025	3,350
Change in fair value of catalyst lease obligations	2,588	2,885
Deferred income taxes	(19,520)	52,954
Non-cash change in inventory repurchase obligations	(23,124)	35,147
Pension and other post retirement benefit costs	10,560	7,680
Loss on sale of assets	883	0
Non-cash lower of cost or market inventory adjustment	16,039	(59,063)
Changes in operating assets and liabilities:
Accounts receivable	9,962	(86,765)
Inventories	(238,437)	4,035
Prepaid expense and other current assets	54,247	(79,192)
Accounts payable	(187,042)	72,577
Accrued expenses	193,874	(9,375)
Deferred revenue	(9,343)	(889)
Other assets and liabilities	(25,573)	800
Net cash used in operations	(165,364)	(20,597)
Cash flows from investing activities:
Expenditures for property, plant and equipment	(109,726)	(43,170)
Expenditures for deferred turnaround costs	(64,371)	(82,747)
Expenditures for other assets	(14,847)	(17,163)
Chalmette Acquisition working capital settlement	0	(2,659)
Purchase of marketable securities	(75,036)	(690,000)
Maturities of marketable securities	75,006	689,860
Net cash used in investing activities	(188,974)	(145,879)
Cash flows from financing activities:
Distributions to PBF Energy Company LLC members other than PBF Energy	(1,152)	(1,487)
Distributions to PBFX unit holders	(10,487)	(6,694)
Dividend payments	(32,900)	(29,342)
Proceeds from revolver borrowings	200,000	0
Repayments of revolver borrowings	(200,000)	0
Net cash used in financing activities	(85,845)	(37,523)
Net decrease in cash and cash equivalents	(440,183)	(203,999)
Cash and equivalents, beginning of period	746,274	944,320
Cash and cash equivalents, end of period	306,091	740,321
Non-cash activities:
Accrued and unpaid capital expenditures	55,470	7,619
Term Loan [Member]
Cash flows from financing activities:
Repayments of PBFX Term Loan borrowings	(39,664)	0
Rail Term Loan [Member]
Cash flows from financing activities:
Repayments of PBFX Term Loan borrowings	$ (1,642)	$ 0

DESCRIPTION OF THE BUSINESS AND

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION Description of the Business PBF Energy Inc. (“PBF Energy”) was formed as a Delaware corporation on November 7, 2011 and is the sole managing member of PBF Energy Company LLC (“PBF LLC”), a Delaware limited liability company, with a controlling interest in PBF LLC and its subsidiaries. PBF Energy consolidates the financial results of PBF LLC and its subsidiaries and records a noncontrolling interest in its consolidated financial statements representing the economic interests of PBF LLC’s members other than PBF Energy. PBF LLC, together with its consolidated subsidiaries, owns and operates oil refineries and related facilities in North America. PBF Holding Company LLC (“PBF Holding”) is a wholly-owned subsidiary of PBF LLC. PBF Investments LLC (“PBF Investments”), Toledo Refining Company LLC (“Toledo Refining” or “TRC”), Paulsboro Refining Company LLC (“Paulsboro Refining” or “PRC”), Delaware City Refining Company LLC (“Delaware City Refining” or “DCR”), Chalmette Refining, L.L.C. (“Chalmette Refining”), PBF Western Region LLC (“PBF Western Region”), Torrance Refining Company LLC (“Torrance Refining”) and Torrance Logistics Company LLC are PBF LLC’s principal operating subsidiaries and are all wholly-owned subsidiaries of PBF Holding. As of March 31, 2017 , PBF LLC also holds a 44.2% limited partner interest and all of the incentive distribution rights in PBF Logistics LP (“PBFX”), a publicly traded master limited partnership (refer to “Note 2 - PBF Logistics LP” of our Notes to Condensed Consolidated Financial Statements). PBF Logistics GP LLC (“PBF GP”) owns the noneconomic general partner interest and serves as the general partner of PBFX and is wholly-owned by PBF LLC. PBF Energy, through its ownership of PBF LLC, consolidates the financial results of PBFX and its subsidiaries and records a noncontrolling interest in its consolidated financial statements representing the economic interests of PBFX’s unit holders other than PBF LLC. Collectively, PBF Energy and its consolidated subsidiaries, including PBF LLC, PBF Holding, and PBFX are referred to hereinafter as the “Company” unless the context otherwise requires. As of March 31, 2017 , the Company owns 109,667,715 PBF LLC Series C Units and the Company’s current and former executive officers and directors and certain employees and others beneficially own 3,839,852 PBF LLC Series A Units. As of March 31, 2017 , the holders of the Company’s issued and outstanding shares of Class A common stock have 96.6% of the voting power in the Company and the members of PBF LLC other than PBF Energy through their holdings of Class B common stock have the remaining 3.4% of the voting power in the Company. Substantially all of the Company’s operations are in the United States. The Company operates in two reportable business segments: Refining and Logistics. The Company’s oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products, and are aggregated into the Refining segment. PBFX is a publicly traded master limited partnership that was formed to operate logistical assets such as crude oil and refined petroleum products terminals, pipelines, and storage facilities. PBFX’s operations are aggregated into the Logistics segment. To generate earnings and cash flows from operations, the Company is primarily dependent upon processing crude oil and selling refined petroleum products at margins sufficient to cover fixed and variable costs and other expenses. Crude oil and refined petroleum products are commodities; and factors largely out of the Company’s control can cause prices to vary over time. The potential margin volatility can have a material effect on the Company’s financial position, earnings and cash flow. Basis of Presentation The unaudited condensed consolidated financial information furnished herein reflects all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, considered necessary for a fair presentation of the financial position and the results of operations and cash flows of the Company for the periods presented. All intercompany accounts and transactions have been eliminated in consolidation. These unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. These interim condensed consolidated financial statements should be read in conjunction with the financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2016 of PBF Energy. The results of operations for the three months ended March 31, 2017 are not necessarily indicative of the results to be expected for the full year. Reclassification Certain amounts previously reported in the Company's condensed consolidated financial statements for prior periods have been reclassified to conform to the 2017 presentation. These reclassifications include certain details about accrued expenses and equity in those respective footnotes. Recently Adopted Accounting Guidance Effective January 1, 2017, the Company adopted Accounting Standard Update (“ASU”) No. 2016-06, “Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments (a consensus of the FASB Emerging Issues Task Force)” (“ASU 2016-06”). ASU 2016-6 was issued in March 2016 by the Financial Accounting Standards Board (“FASB”) to increase consistency in practice in applying guidance on determining if an embedded derivative is clearly and closely related to the economic characteristics of the host contract, specifically for assessing whether call (put) options that can accelerate the repayment of principal on a debt instrument meet the clearly and closely related criterion. The Company’s adoption of this guidance did not materially impact its consolidated financial statements. Effective January 1, 2017, the Company adopted ASU No. 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”). ASU 2016-09 was issued by the FASB in March 2016 to simplify certain aspects of the accounting for share-based payments to employees. The guidance in ASU 2016-09 requires all income tax effects of awards to be recognized in the income statement when the awards vest or are settled rather than recording excess tax benefits or deficiencies in additional paid-in capital. The guidance in ASU 2016-09 also allows an employer to repurchase more of an employee’s shares than it could prior to its adoption for tax withholding purposes without triggering liability accounting and to make a policy election to account for forfeitures as they occur. The Company’s adoption of this guidance did not materially impact its consolidated financial statements. Effective January 1, 2017, the Company adopted ASU No. 2016-17, “Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control” (“ASU 2016-17”). ASU 2016-17 was issued by the FASB in October 2016 to amend the consolidation guidance on how a reporting entity that is the single decision maker of a variable interest entity (“VIE”) should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. The amendments in this ASU do not change the characteristics of a primary beneficiary in current GAAP. The amendments in this ASU require that a reporting entity, in determining whether it satisfies the second characteristic of a primary beneficiary, include all of its direct variable interests in a VIE and, on a proportionate basis, its indirect variable interests in a VIE held through related parties, including related parties that are under common control with the reporting entity. The Company’s adoption of this guidance did not materially impact its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business” (“ASU 2017-01”), which provides guidance to assist entities with evaluating when a set of transferred assets and activities is a business. Under ASU 2017-01, it is expected that the definition of a business will be narrowed and more consistently applied. ASU 2017-01 is effective for annual periods beginning after December 15, 2017, including interim periods within those periods. The amendments in this ASU should be applied prospectively on or after the effective date. Early adoption of ASU 2017-01 is permitted and the Company early adopted the new standard in its consolidated financial statements and related disclosures effective January 1, 2017. The Company’s adoption of this guidance did not materially impact its consolidated financial statements. Recent Accounting Pronouncements In August 2015, the FASB issued ASU 2015-14, “Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date” (“ASU 2015-14”), which defers the effective date of ASU 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”) for all entities by one year. Additional ASUs have been issued in 2016 that provide certain implementation guidance related to ASU 2014-09 (collectively, the Company refers to ASU 2014-09 and these additional ASUs as the “Updated Revenue Recognition Guidance”).The Updated Revenue Recognition Guidance will replace most existing revenue recognition guidance in GAAP when it becomes effective. Under ASU 2015-14, this guidance becomes effective for interim and annual periods beginning after December 15, 2017 and permits the use of either the retrospective or modified retrospective transition method. Under ASU 2015-14, early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company has established a working group to assess the Updated Revenue Recognition Guidance, including its impact on the Company’s business processes, accounting systems, controls and financial statement disclosures. The Company’s preliminary expectation is that it will adopt this guidance using the modified retrospective method whereby a cumulative effect adjustment is recognized upon adoption and the Updated Revenue Recognition Guidance is applied prospectively. It is not anticipated that the Company will early adopt this new guidance. The working group is in the early stages of its implementation plan and continues to evaluate the impact of this new standard on the Company’s consolidated financial statements and related disclosures. Although the Company’s analysis of the new standard is still in process and interpretative and industry specific guidance is still developing, the Company currently does not expect the new standard to have a material impact on the amount or timing of revenues recognized for the majority of its revenue arrangements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), to increase the transparency and comparability about leases among entities. The new guidance requires lessees to recognize a lease liability and a corresponding lease asset for virtually all lease contracts. It also requires additional disclosures about leasing arrangements. ASU 2016-02 is effective for interim and annual periods beginning after December 15, 2018, and requires a modified retrospective approach to adoption. Early adoption is permitted. The Company has established a working group to study and lead implementation of the new guidance in ASU 2016-02. This working group was formed during 2016 and has begun the process of compiling a central repository for all leases entered into by the Company and its subsidiaries for further analysis as the implementation project progresses. It is not anticipated that the Company will early adopt this new guidance. The working group continues to evaluate the impact of this new standard on its consolidated financial statements and related disclosures. At this time, the Company has identified that the most significant impacts of this new guidance will be to bring nearly all leases on its balance sheet with “right of use assets” and “lease obligation liabilities” as well as accelerating the interest expense component of financing leases. In March 2017, the FASB issued ASU 2017-07 “Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” (“ASU 2017-07”), which provides guidance to improve the reporting of net benefit cost in the income statement and on the components eligible for capitalization in assets. Under the new guidance, employers will present the service cost component of net periodic benefit cost in the same income statement line item(s) as other employee compensation costs arising from services rendered during the period. Only the service cost component will be eligible for capitalization in assets. Additionally, under this guidance, employers will present the other components of the net periodic benefit cost separately from the line item(s) that includes the service cost and outside of any subtotal of operating income, if one is presented. These components will not be eligible for capitalization in assets. Employers will apply the guidance on the presentation of the components of net periodic benefit cost in the income statement retrospectively. The guidance limiting the capitalization of net periodic benefit cost in assets to the service cost component will be applied prospectively. The guidance includes a practical expedient allowing entities to estimate amounts for comparative periods using the information previously disclosed in their pension and other postretirement benefit plan note to the financial statements. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The Company is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures.

PBF LOGISITICS LP

PBF LOGISITICS LP	3 Months Ended
	Mar. 31, 2017
PBF LOGISTICS LP [Abstract]
PBF Logistics LP	PBF LOGISTICS LP PBFX is a fee-based, growth-oriented, Delaware master limited partnership formed by PBF Energy to own or lease, operate, develop and acquire crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. PBFX engages in the receiving, handling, storage and transferring of crude oil, refined products, natural gas and intermediates from sources located throughout the United States and Canada for PBF Energy in support of certain of its refineries, as well as for third party customers. As of March 31, 2017 , a substantial majority of PBFX’s revenue is derived from long-term, fee-based commercial agreements with PBF Holding, which include minimum volume commitments, for receiving, handling, storing and transferring crude oil, refined products and natural gas. PBF Energy also has agreements with PBFX that establish fees for certain general and administrative services and operational and maintenance services provided by PBF Holding to PBFX. These transactions, other than those with third parties, are eliminated by PBF Energy in consolidation. PBFX, a variable interest entity, is consolidated by PBF Energy through its ownership of PBF LLC. PBF LLC, through its ownership of PBF GP, has the sole ability to direct the activities of PBFX that most significantly impact its economic performance. PBF LLC is considered to be the primary beneficiary of PBFX for accounting purposes. As of March 31, 2017 , PBF LLC holds a 44.2% limited partner interest in PBFX (consisting of 2,572,944 common units and 15,886,553 subordinated units), with the remaining 55.8% limited partner interest held by public unit holders. PBF LLC also owns all of the incentive distribution rights (“IDRs”) and indirectly owns a non-economic general partner interest in PBFX through its wholly-owned subsidiary, PBF GP, the general partner of PBFX. During the subordination period (as set forth in the partnership agreement of PBFX) holders of the subordinated units are not entitled to receive any distribution of available cash until the common units have received the minimum quarterly distribution plus any arrearages in the payment of the minimum quarterly distribution from prior quarters. If PBFX does not pay distributions on the subordinated units, the subordinated units will not accrue arrearages for those unpaid distributions. Each subordinated unit will convert into one common unit at the end of the subordination period. The IDRs entitle PBF LLC to receive increasing percentages, up to a maximum of 50.0% , of the cash PBFX distributes from operating surplus in excess of $0.345 per unit per quarter. PBFX Plains Asset Purchase On April 29, 2016, PBFX purchased four refined product terminals located in the greater Philadelphia region (the “East Coast Terminals”) from an affiliate of Plains All American Pipeline, L.P. for total cash consideration of $100,000 (the “PBFX Plains Asset Purchase”). TVPC Contribution Agreement On August 31, 2016, PBFX entered into a contribution agreement (the “TVPC Contribution Agreement”) between PBFX and PBF LLC. Pursuant to the TVPC Contribution Agreement, PBFX acquired from PBF LLC 50% of the issued and outstanding limited liability company interests of Torrance Valley Pipeline Company LLC (“TVPC”), whose assets consist of the San Joaquin Valley Pipeline system (which was acquired as a part of the Torrance Acquisition, as defined in “Note 3 - Acquisitions”), including the M55, M1 and M70 pipeline systems including pipeline stations with storage capacity and truck unloading capability (collectively, the “Torrance Valley Pipeline”). PNGPC Contribution Agreement On February 15, 2017, PBFX entered into a contribution agreement (the “PNGPC Contribution Agreement”) between PBFX and PBF LLC. Pursuant to the PNGPC Contribution Agreement, PBF LLC contributed to PBFX’s wholly owned subsidiary PBFX Operating Company LLC (“PBFX Op Co”) all of the issued and outstanding limited liability company interests of Paulsboro Natural Gas Pipeline Company LLC (“PNGPC”). PNGPC owns and operates an existing interstate 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’s refinery at Paulsboro, New Jersey, and is subject to regulation by the Federal Energy Regulatory Commission (“FERC”). PNGPC has FERC approval for, and is in the process of constructing, a new natural gas pipeline (the “New Pipeline”) to replace the existing pipeline. In consideration for the PNGPC limited liability company interests, PBFX delivered to PBF LLC (i) an $11,600 intercompany promissory note in favor of Paulsboro Refining Company LLC, a wholly owned subsidiary of PBF Holding (the “Promissory Note”), (ii) an expansion rights and right of first refusal agreement in favor of PBF LLC with respect to the New Pipeline and (iii) an assignment and assumption agreement with respect to certain outstanding litigation involving PNGPC and the existing pipeline. Chalmette Storage Tank Lease Effective February 2017, PBFX Op Co assumed construction of a crude oil storage tank at PBF Holding's Chalmette Refinery (the “Chalmette Storage Tank”), which is expected to be in service and operational by the fourth quarter of 2017. PBFX Op Co and Chalmette Refining have entered into a twenty -year lease for the premises upon which the tank will be located and a project management agreement pursuant to which Chalmette Refining will manage the construction of the tank.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Mar. 31, 2017
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS Torrance Acquisition On July 1, 2016, the Company acquired from ExxonMobil Oil Corporation and its subsidiary, Mobil Pacific Pipe Line Company, the Torrance refinery and related logistics assets (collectively, the “Torrance Acquisition”). The Torrance refinery, located in Torrance, California, is a high-conversion, delayed-coking refinery. The facility is strategically positioned in Southern California with advantaged logistics connectivity that offers flexible raw material sourcing and product distribution opportunities primarily in the California, Las Vegas and Phoenix area markets. The Torrance Acquisition provided the Company with a broader more diversified asset base and increased the number of operating refineries from four to five and expanded the Company’s combined crude oil throughput capacity. The acquisition also provided the Company with a presence in the PADD 5 market. In addition to refining assets, the transaction included a number of high-quality logistics assets including a sophisticated network of crude and products pipelines, product distribution terminals and refinery crude and product storage facilities. The most significant of the logistics assets is a crude gathering and transportation system which delivers San Joaquin Valley crude oil directly from the field to the refinery. Additionally, included in the transaction were several pipelines which provide access to sources of crude oil including the Ports of Long Beach and Los Angeles, as well as clean product outlets with a direct pipeline supplying jet fuel to the Los Angeles airport. The aggregate purchase price for the Torrance Acquisition was $521,350 in cash after post-closing purchase price adjustments, plus final working capital of $450,582 . In addition, the Company assumed certain pre-existing environmental and regulatory emission credit obligations in connection with the Torrance Acquisition. The transaction was financed through a combination of cash on hand, including proceeds from certain equity offerings, and borrowings under PBF Holding’s asset based revolving credit agreement (the “Revolving Loan”). The Company accounted for the Torrance Acquisition as a business combination under GAAP whereby the Company recognizes assets acquired and liabilities assumed in an acquisition at their estimated fair values as of the date of acquisition. The purchase valuation was in process as of March 31, 2017 as the purchase price and fair value allocation may be subject to adjustment pending completion of our assessment of the estimated costs and duration of certain assumed pre-existing environmental obligations. The total purchase consideration and the fair values of the assets and liabilities at the acquisition date, which may be subject to adjustment as noted above, were as follows: Purchase Price Gross purchase price $ 537,500 Working capital 450,582 Post close purchase price adjustments (16,150 ) Total consideration $ 971,932 The following table summarizes the amounts recognized for assets acquired and liabilities assumed as of the acquisition date: Fair Value Allocation Inventories $ 404,542 Prepaid expenses and other current assets 1,186 Property, plant and equipment 703,443 Deferred charges and other assets, net 68,053 Accounts payable (2,688 ) Accrued expenses (64,137 ) Other long-term liabilities (138,467 ) Fair value of net assets acquired $ 971,932 The Company’s condensed consolidated financial statements for the three months ended March 31, 2017 include the results of operations of the Torrance refinery and related logistics assets subsequent to the Torrance Acquisition whereas the same period in 2016 does not include the results of operations of such assets. On an unaudited pro forma basis, the revenues and net income of the Company assuming the Torrance Acquisition had occurred on January 1, 2015, are shown below. The unaudited pro forma information does not purport to present what the Company’s actual results would have been had the acquisition occurred on January 1, 2015, nor is the financial information indicative of the results of future operations. The unaudited pro forma financial information includes the depreciation and amortization expense attributable to the Torrance Acquisition and interest expense associated with the related financing. Three Months Ended March 31, 2016 Pro forma revenues $ 3,339,691 Pro forma net loss attributable to PBF Energy Inc. stockholders $ (87,709 ) Pro forma net loss available to Class A common stock per share: Basic $ (0.90 ) Diluted $ (0.90 ) The unaudited amount of revenues and net loss above have been calculated after conforming accounting policies of the Torrance refinery and related logistics assets to those of the Company and certain one-time adjustments. Chalmette Acquisition On November 1, 2015, the Company acquired from ExxonMobil, Mobil Pipe Line Company and PDV Chalmette, L.L.C., 100% of the ownership interests of Chalmette Refining, which owns the Chalmette refinery and related logistics assets (collectively, the “Chalmette Acquisition”). While the Company’s condensed consolidated financial statements for both the three months ended March 31, 2017 and 2016 include the results of operations of Chalmette Refining, the final working capital settlement for the Chalmette Acquisition was finalized in the first quarter of 2016. Additionally, certain acquisition related costs for the Chalmette Acquisition were recorded in the first quarter of 2016. Acquisition Expenses The Company incurred acquisition related costs consisting primarily of consulting and legal expenses related to completed, pending and non-consummated acquisitions of $372 and $4,724 in the three months ended March 31, 2017 and 2016 , respectively. These costs are included in the condensed consolidated statements of operations in General and administrative expenses.

EQUITY

EQUITY	3 Months Ended
	Mar. 31, 2017
Noncontrolling Interest [Abstract]
EQUITY	Noncontrolling Interest in PBF LLC PBF Energy is the sole managing member of, and has a controlling interest in, PBF LLC. As the sole managing member of PBF LLC, PBF Energy operates and controls all of the business and affairs of PBF LLC and its subsidiaries. As of March 31, 2017 and December 31, 2016 , PBF Energy’s equity interest in PBF LLC represented approximately 96.6% and 96.5% , respectively, of the outstanding interests. PBF Energy consolidates the financial results of PBF LLC and its subsidiaries, and records a noncontrolling interest for the economic interest in PBF Energy held by the members of PBF LLC other than PBF Energy. Noncontrolling interest on the consolidated statements of operations includes the portion of net income or loss attributable to the economic interest in PBF Energy held by the members of PBF LLC other than PBF Energy. Noncontrolling interest on the consolidated balance sheets represents the portion of net assets of PBF Energy attributable to the members of PBF LLC other than PBF Energy. The noncontrolling interest ownership percentages of PBF Energy as of March 31, 2017 and December 31, 2016 are calculated as follows: Holders of PBF LLC Series A Units Outstanding Shares of PBF Energy Class A Common Stock Total * December 31, 2016 3,920,902 109,204,047 113,124,949 3.5 % 96.5 % 100.0 % March 31, 2017 3,839,852 109,667,715 113,507,567 3.4 % 96.6 % 100.0 % —————————— * Assumes all of the holders of PBF LLC Series A Units exchange their PBF LLC Series A Units for shares of PBF Energy’s Class A common stock on a one-for-one basis. Noncontrolling Interest in PBFX PBF LLC holds a 44.2% limited partner interest in PBFX and owns all of PBFX’s IDR’s, with the remaining 55.8% limited partner interest owned by public common unit holders as of March 31, 2017 . PBF LLC is also the sole member of PBF GP, the general partner of PBFX. PBF Energy, through its ownership of PBF LLC, consolidates the financial results of PBFX, and records a noncontrolling interest for the economic interest in PBFX held by the public common unit holders. Noncontrolling interest on the consolidated statements of operations includes the portion of net income or loss attributable to the economic interest in PBFX held by the public common unit holders of PBFX other than PBF Energy (through its ownership in PBF LLC). Noncontrolling interest on the condensed consolidated balance sheets includes the portion of net assets of PBFX attributable to the public common unit holders of PBFX. The noncontrolling interest ownership percentages of PBFX as of March 31, 2017 and December 31, 2016 , are calculated as follows: Units of PBFX Held by the Public Units of PBFX Held by PBF LLC (Including Subordinated Units) Total December 31, 2016 23,271,174 18,459,497 41,730,671 55.8 % 44.2 % 100.0 % March 31, 2017 23,303,528 18,459,497 41,763,025 55.8 % 44.2 % 100.0 % Noncontrolling Interest in PBF Holding In connection with the Chalmette Acquisition, PBF Holding recorded noncontrolling interests in two subsidiaries of Chalmette Refining. PBF Holding, through Chalmette Refining, owns an 80% ownership interest in both Collins Pipeline Company and T&M Terminal Company. For the three months ended March 31, 2017 and 2016 the Company recorded a noncontrolling interest in the earnings of these subsidiaries of $113 and $303 , respectively. Changes in Equity and Noncontrolling Interests The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF Energy for the three months ended March 31, 2017 and 2016 : PBF Energy Inc. Equity Noncontrolling Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2017 $ 2,025,044 $ 98,671 $ 12,513 $ 434,456 $ 2,570,684 Comprehensive income (loss) (30,773 ) (1,846 ) 113 12,790 (19,716 ) Dividends and distributions (32,900 ) (1,152 ) — (10,714 ) (44,766 ) Equity-based compensation awards 5,345 — — 680 6,025 Other — — — (4 ) (4 ) Balance at March 31, 2017 $ 1,966,716 $ 95,673 $ 12,626 $ 437,208 $ 2,512,223 PBF Energy Inc. Equity Noncontrolling Noncontrolling Noncontrolling Total Equity Balance at January 1, 2016 $ 1,647,297 $ 91,018 $ 17,225 $ 340,317 $ 2,095,857 Comprehensive income (loss) (28,796 ) (2,714 ) 303 8,493 (22,714 ) Dividends and distributions (29,342 ) (1,487 ) — (6,694 ) (37,523 ) Equity-based compensation awards 2,621 — — 729 3,350 Exercise of PBF LLC options and warrants, net 1,058 (190 ) — — 868 Other (442 ) — (5,145 ) (505 ) (6,092 ) Balance at March 31, 2016 $ 1,592,396 $ 86,627 $ 12,383 $ 342,340 $ 2,033,746 Share Activity The following table presents the changes in PBF Energy common stock and treasury stock outstanding: Three Months Ended March 31, 2017 2016 Class A Common Stock Treasury Stock Class A Common Stock Treasury Stock Balance at beginning of period 109,204,047 6,087,963 97,781,933 6,056,719 Treasury stock purchases (1) (382 ) 382 (4,784 ) 4,784 Stock based compensation 383,000 — — — Exchange of Series A units for Class A common stock 81,050 — 38,957 — Balance at end of period 109,667,715 6,088,345 97,816,106 6,061,503 _____ (1) Includes shares repurchased from participants in connection with the vesting of equity awards granted under the Company’s stock compensation plans to cover employee income tax liabilities.

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2017
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following: March 31, 2017 Titled Inventory Inventory Intermediation Arrangements Total Crude oil and feedstocks $ 1,333,336 $ — $ 1,333,336 Refined products and blendstocks 920,573 351,917 1,272,490 Warehouse stock and other 92,159 — 92,159 $ 2,346,068 $ 351,917 $ 2,697,985 Lower of cost or market adjustment (513,090 ) (98,937 ) (612,027 ) Total inventories $ 1,832,978 $ 252,980 $ 2,085,958 December 31, 2016 Titled Inventory Inventory Intermediation Arrangements Total Crude oil and feedstocks $ 1,102,007 $ — $ 1,102,007 Refined products and blendstocks 915,397 352,464 1,267,861 Warehouse stock and other 89,680 — 89,680 $ 2,107,084 $ 352,464 $ 2,459,548 Lower of cost or market adjustment (492,415 ) (103,573 ) (595,988 ) Total inventories $ 1,614,669 $ 248,891 $ 1,863,560 Inventory under inventory intermediation arrangements included certain light finished products sold to counterparties in connection with the amended and restated inventory intermediation agreements (“A&R Intermediation Agreements”) with J. Aron & Company, a subsidiary of The Goldman Sachs Group, Inc. (“J. Aron”) and stored in the Paulsboro and Delaware City refineries’ storage facilities. During the three months ended March 31, 2017 , the Company recorded an adjustment to value its inventories to the lower of cost or market which decreased operating income and net income by $16,039 and $9,726 , respectively, reflecting the net change in the lower of cost or market inventory reserve from $595,988 at December 31, 2016 to $612,027 at March 31, 2017 . During the three months ended March 31, 2016 , the Company recorded an adjustment to value its inventories to the lower of cost or market which increased operating income and net income by $59,063 and $35,674 , respectively, reflecting the net change in the lower of cost or market inventory reserve from $1,117,336 at December 31, 2015 to $1,058,273 at March 31, 2016 .

ACCRUED EXPENSES

ACCRUED EXPENSES	3 Months Ended
	Mar. 31, 2017
Payables and Accruals [Abstract]
ACCRUED EXPENSES	ACCRUED EXPENSES Accrued expenses consisted of the following: March 31, December 31, Inventory-related accruals $ 797,959 $ 810,027 Inventory intermediation arrangements 233,289 225,524 Renewable energy credit and emissions obligations 182,328 70,158 Excise and sales tax payable 98,524 86,046 Accrued transportation costs 80,882 89,830 Accrued refinery maintenance and support costs 38,285 28,670 Accrued utilities 35,563 44,190 Accrued interest 29,319 28,570 Accrued capital expenditures 23,760 35,149 Customer deposits 21,758 9,215 Accrued salaries and benefits 13,513 17,466 Environmental liabilities 9,856 9,434 Other 51,239 13,405 Total accrued expenses $ 1,616,275 $ 1,467,684 The Company has the obligation to repurchase certain intermediates and finished products that are held in the Company’s refinery storage tanks at the Delaware City and Paulsboro refineries in accordance with the A&R Intermediation Agreements with J. Aron. As of March 31, 2017 and December 31, 2016 , a liability is recognized for the inventory intermediation arrangements and is recorded at market price for the J. Aron owned inventory held in the Company’s storage tanks under the A&R Inventory Intermediation Agreements, with any change in the market price being recorded in cost of sales. The Company is subject to obligations to purchase RINs required to comply with the Renewable Fuels Standard. The Company’s overall RINs obligation is based on a percentage of domestic shipments of on-road fuels as established by the Environmental Protection Agency (“EPA”). To the degree the Company is unable to blend the required amount of biofuels to satisfy our RINs obligation, RINs must be purchased on the open market to avoid penalties and fines. The Company records its RINs obligation on a net basis in Accrued expenses when its RINs liability is greater than the amount of RINs earned and purchased in a given period and in Prepaid expenses and other current assets when the amount of RINs earned and purchased is greater than the RINs liability. In addition, the Company is subject to obligations to comply with federal and state legislative and regulatory measures to address environmental compliance and greenhouse gas and other emissions, including AB 32 in California. These requirements include incremental costs to operate and maintain our facilities as well as to implement and manage new emission controls and programs, which have contributed to the increase in accrued environmental liabilities and emission obligations following the Torrance Acquisition. Renewable energy credit and emissions obligations fluctuate with the volume of applicable product sales and timing of credit purchases.

MARKETABLE SECURITIES

MARKETABLE SECURITIES	3 Months Ended
	Mar. 31, 2017
Marketable Securities [Abstract]
MARKETABLE SECURITIES	MARKETABLE SECURITIES The U.S Treasury securities purchased by the Company with the proceeds from the PBFX initial public offering are used as collateral to secure a three-year, $300,000 term loan facility entered into by PBFX (the “PBFX Term Loan”). PBFX anticipates holding the securities for an indefinite amount of time (the securities will be rolled over as they mature). As necessary and at the discretion of PBFX, these securities are expected to be liquidated and the proceeds used to fund future capital expenditures. While PBFX does not routinely sell marketable securities prior to their scheduled maturity dates, some of PBFX’s investments may be held and restricted for the purpose of funding future capital expenditures and acquisitions, so these investments are classified as available-for-sale marketable securities as they may occasionally be sold prior to their scheduled maturity dates due to the unexpected timing of cash needs. The carrying value of these marketable securities approximates fair value and are measured using Level 1 inputs. The maturities of the marketable securities range from one to three months and are classified on the balance sheet as current assets as of March 31, 2017 and December 31, 2016 . As of March 31, 2017 and December 31, 2016 , the Company held $40,054 and $40,024 , respectively, in marketable securities. The gross unrecognized holding gains and losses as of March 31, 2017 and December 31, 2016 were not material. The net realized gains or losses from the sale of marketable securities were not material for the three months ended March 31, 2017 and 2016 .

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES PBF Energy files federal and applicable state corporate income tax returns and recognizes income taxes on its pre-tax income, which to-date has consisted primarily of its share of PBF LLC’s pre-tax income (approximately 96.6% as of March 31, 2017 and approximately 96.5% as of December 31, 2016 ). PBF LLC is organized as a limited liability company and PBFX is a master limited partnership, both of which are treated as “flow-through” entities for federal income tax purposes and therefore are not subject to income taxes apart from the income tax attributable to two subsidiaries of Chalmette Refining and one subsidiary of PBF Holding that are treated as C-Corporations for income tax purposes. As a result, PBF Energy’s condensed consolidated financial statements do not reflect any benefit or provision for income taxes on the pre-tax income or loss attributable to the noncontrolling interests in PBF LLC or PBFX apart from the income tax expense of $224 and $799 for the three months ended March 31, 2017 and 2016 , respectively, attributable to those two C-Corporation subsidiaries of Chalmette Refining and income tax expense of $210 and $31,487 for the three months ended March 31, 2017 and 2016 , respectively, attributable to the subsidiary of PBF Holding. The income tax provision (benefit) in the PBF Energy condensed consolidated financial statements of operations consists of the following: Three Months Ended 2017 2016 Current tax expense (benefit) $ 473 $ (75,454 ) Deferred tax expense (benefit) (19,520 ) 52,954 Total tax expense (benefit) $ (19,047 ) $ (22,500 ) Income tax expense (benefit) is based on income before taxes attributable to PBF Energy and excludes income before taxes attributable to noncontrolling interests as such interests are not subject to income taxes. The difference between the Company’s effective income tax rate and the United States statutory rate are reconciled below: Three Months Ended 2017 2016 Provision at Federal statutory rate 35.0 % 35.0 % Increase (decrease) attributable to flow-through of certain tax adjustments: State income taxes (net of federal income tax) 4.4 % 4.6 % Nondeductible/nontaxable items 0.2 % (0.3 )% Rate differential from foreign jurisdictions 0.1 % 0.7 % Foreign tax rate change (1.7 )% — % Other — % 3.3 % Effective tax rate 38.0 % 43.3 % The Company’s effective income tax rate for the three months ended March 31, 2017 , including the impact of income attributable to noncontrolling interests of $11,047 was 48.7% . The Company’s effective income tax rate for the three months ended March 31, 2016 , including the impact of income attributable to noncontrolling interests of $6,052 was 49.1% . PBF Energy has determined there are no material uncertain tax positions as of March 31, 2017 . PBF Energy does not have any unrecognized tax benefits.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Environmental Matters The Company’s refineries, pipelines and related operations are subject to extensive and frequently changing federal, state and local laws and regulations, including, but not limited to, those relating to the discharge of materials into the environment or that otherwise relate to the protection of the environment, waste management and the characteristics and the compositions of fuels. Compliance with existing and anticipated laws and regulations can increase the overall cost of operating the refineries, including remediation, operating costs and capital costs to construct, maintain and upgrade equipment and facilities. In connection with the Paulsboro refinery acquisition, the Company assumed certain environmental remediation obligations. The Paulsboro environmental liability of $11,454 recorded as of March 31, 2017 ( $10,792 as of December 31, 2016 ) represents the present value of expected future costs discounted at a rate of 8.0% . The current portion of the environmental liability is recorded in Accrued expenses and the non-current portion is recorded in Other long-term liabilities. This liability is self-guaranteed by the Company. In connection with the acquisition of the Delaware City assets, Valero Energy Corporation (“Valero”) remains responsible for certain pre-acquisition environmental obligations up to $20,000 and the predecessor to Valero in ownership of the refinery retains other historical obligations. In connection with the acquisition of the Delaware City assets and the Paulsboro refinery, the Company and Valero purchased ten year, $75,000 environmental insurance policies to insure against unknown environmental liabilities at each site. In connection with the Toledo refinery acquisition, Sunoco, Inc. (R&M) (“Sunoco”) remains responsible for environmental remediation for conditions that existed on the closing date for twenty years from March 1, 2011 subject to certain limitations. In connection with the acquisition of the Chalmette refinery, the Company obtained $3,936 in financial assurance (in the form of a surety bond) to cover estimated potential site remediation costs associated with an agreed to Administrative Order of Consent with the EPA. The estimated cost assumes remedial activities will continue for a minimum of 30 years. Further, in connection with the acquisition of the Chalmette refinery, the Company purchased a ten year, $100,000 environmental insurance policy to insure against unknown environmental liabilities at the refinery. In connection with the PBFX Plains Asset Purchase, PBFX is responsible for the environmental remediation costs for conditions that existed on the closing date up to a maximum of $250 per year for 10 years, with Plains All American Pipeline, L.P. remaining responsible for any and all additional costs above such amounts during such period. The environmental liability of $2,121 recorded as of March 31, 2017 ( $2,173 as of December 31, 2016) represents the present value of expected future costs discounted at a rate of 1.83% . The current portion of the environmental liability is recorded in Accrued expenses and the non-current portion is recorded in Other long-term liabilities. As of November 1, 2015, the Company acquired Chalmette Refining, which was in discussions with the Louisiana Department of Environmental Quality (“LDEQ”) to resolve self-reported deviations from refinery operations relating to certain Clean Air Act Title V permit conditions, limits and other requirements. LDEQ commenced an enforcement action against Chalmette Refining on November 14, 2014 by issuing a Consolidated Compliance Order and Notice of Potential Penalty (the “Order”) covering deviations from 2009 and 2010. Chalmette Refining and LDEQ subsequently entered into a dispute resolution agreement, the enforcement of which has been suspended while negotiations are ongoing, which may include the resolution of deviations outside the periods covered by the Order. In February 2017, Chalmette Refining and the LDEQ met to resolve the issues under the Order, including the assessment of an administrative penalty against Chalmette Refining. Although a resolution has not been finalized, the administrative penalty is anticipated to be approximately $ 700 , including beneficial environmental projects. To the extent the administrative penalty exceeds such amount, it is not expected to be material to the Company. On January 24, 2017, in connection with a Clean Air Act inspection in May 2014 by the EPA to determine compliance with 40 CFR Subpart 68 Chemical Accident Prevention Provisions, EPA notified the Chalmette refinery of its intent to bring an enforcement action on two findings from the audit. No settlement or penalty demand has been received to date. It is reasonably possible that EPA will assess penalties in these matters but any such amount is not expected to have a material impact on the Company’s financial position, results of operations or cash flows. On December 23, 2016, the Delaware City refinery received a Notice of Violation (“NOV”) from DNREC concerning a potential violation of the DNREC order authorizing the shipment of crude oil by barge from the Refinery. The NOV alleges that DCR made shipments to locations other than the Paulsboro refinery in violation of the order and requests certain additional information. On February 7, 2017, the Delaware City refinery responded to the NOV. On March 10, 2017, DNREC issued a $150 fine in a Notice of Penalty Assessment and Secretary’s Order to the Delaware City Refinery for violating the 2013 Secretary’s Order. DNREC’s investigation found that PBF Energy violated the Order throughout 2014, when it made 17 barge shipments of crude oil over 15 days to locations other than the Paulsboro refinery. DNREC determined that the Delaware City refinery had violated the order by failing to make timely and full disclosure to DNREC about the nature and extent of those shipments, and had misrepresented the number of shipments that went to other facilities. The penalty assessment and Secretary’s Order conclude that the 2013 Secretary’s Order was violated by the Paulsboro refinery by shipping crude oil from the Delaware City terminal to three locations other than the Paulsboro refinery, on 15 days in 2014, making a total of 17 separate barge shipments containing approximately 35.7 million gallons of crude oil in total. On April 28, 2017, DCR appealed the Notice of Penalty Assessment and Secretary’s Order. To the extent that the penalty and Secretary’s Order are upheld, there will not be a material adverse effect on the Company’s financial position, results of operations or cash flows. On December 28, 2016, DNREC issued a Coastal Zone Act permit (the “Ethanol permit”) to DCR allowing the utilization of existing tanks and existing marine loading equipment at their existing facilities to enable denatured ethanol to be loaded from storage tanks to marine vessels and shipped to offsite facilities. On January 13, 2017, the issuance of the Ethanol Permit was appealed by two environmental groups. On February 27, 2017, the Coastal Zone Industrial Board held a public hearing and dismissed the appeal, determining that the appellants did not have standing. The final opinion and order of the Board was issued March 16, 2017. The appellants filed an appeal of the Board’s decision with the Delaware Superior Court on March 30, 2017. On February 3, 2011, EPA sent a request for information pursuant to Section 114 of the Clean Air Act to the Paulsboro refinery with respect to compliance with EPA standards governing flaring. The refinery and the EPA have reached agreement on settlement, which includes a civil penalty of $180 . The refinery is waiting for the consent decree to be lodged. On February 14, 2017, the New Jersey Department of Environmental Protection (“NJDEP”) submitted a proposed Administrative Consent Order (“ACO”) which covers air emission violations from 2013 through 2016 and work practice standards that were not subject to an affirmative defense at the Paulsboro refinery. In settlement of the violations, the NJDEP has proposed that the Paulsboro refinery pay a civil administrative penalty of $313 , which includes $153 for a supplemental environmental project. If the offer is accepted, the remaining $160 shall be remitted by Paulsboro refinery within 30 days of receipt of the offer. This amount is not material to the Company, individually or in the aggregate. In connection with the acquisition of the Torrance refinery and related logistics assets, the Company assumed certain pre-existing environmental liabilities totaling $140,417 as of March 31, 2017 ( $142,456 as of December 31, 2016 ), related to certain environmental remediation obligations to address existing soil and groundwater contamination and monitoring and other clean up activities, which reflects the current estimated cost of the remediation obligations. The current portion of the environmental liability is recorded in Accrued expenses and the non-current portion is recorded in Other long-term liabilities. In addition, in connection with the acquisition of the Torrance refinery and related logistics assets, the Company purchased a ten year, $100,000 environmental insurance policy to insure against unknown environmental liabilities. Furthermore, in connection with the acquisition, the Company assumed responsibility for certain specified environmental matters that occurred prior to the Company’s ownership of the refinery. Specifically, the Company assumed responsibility for specified NOVs issued by the Southern California Air Quality Management District (“SCAQMD”) in various years before the Company’s ownership. Additionally, subsequent to the acquisition, the Company received further NOVs from the SCAQMD as well as from the City of Torrance and the City of Torrance Fire Department related to alleged operational violations, emission discharges and/or flaring incidents at the refinery. With the exception of one NOV for which a proposed settlement is less than $100 , no settlement or penalty demands have been received to date with respect to the other NOVs. As the ultimate outcomes are uncertain, the Company cannot currently estimate the final amount or timing of their resolution. It is reasonably possible that SCAQMD and/or the City of Torrance will assess penalties in these matters but any such amount is not expected to have a material impact on the Company’s financial position, results of operations or cash flows. The Company’s operations and many of the products it manufactures are subject to certain specific requirements of the Clean Air Act (the “CAA”) and related state and local regulations. The CAA contains provisions that require capital expenditures for the installation of certain air pollution control devices at the Company’s refineries. Subsequent rule making authorized by the CAA or similar laws or new agency interpretations of existing rules, may necessitate additional expenditures in future years. In 2010, New York State adopted a Low-Sulfur Heating Oil mandate that, beginning July 1, 2012, requires all heating oil sold in New York State to contain no more than 15 parts per million (“PPM”) sulfur. Since July 1, 2012, other states in the Northeast market began requiring heating oil sold in their state to contain no more than 15 PPM sulfur. Currently, all of the Northeastern states and Washington DC have adopted sulfur controls on heating oil. Most of the Northeastern states will now require heating oil with 15 PPM or less sulfur by July 1, 2018 (except for Pennsylvania and Maryland - where less than 500 ppm sulfur is required). All of the heating oil the Company currently produces meets these specifications. The mandate and other requirements do not currently have a material impact on the Company’s financial position, results of operations or cash flows. The EPA issued the final Tier 3 Gasoline standards on March 3, 2014 under the CAA. This final rule establishes more stringent vehicle emission standards and further reduces the sulfur content of gasoline starting in January 2017. The new standard is set at 10 PPM sulfur in gasoline on an annual average basis starting January 1, 2017, with a credit trading program to provide compliance flexibility. The EPA responded to industry comments on the proposed rule and maintained the per gallon sulfur cap on gasoline at the existing 80 PPM cap. The facilities are complying with these new requirements as planned, either directly or using flexibility provided by sulfur credits generated or purchased in advance as an economic optimization. The standards set by the new rule are not expected to have a material impact on the Company’s financial position, results of operations or cash flows. The EPA published the final 2014-2016 standards under the Renewable Fuels Standard (“RFS”) late in 2015 and issued final 2017 RFS standards in November 2016. It is not clear that renewable fuel producers will be able to produce the volumes of these fuels required for blending in accordance with the 2017 standards. The final 2017 cellulosic standard is at approximately 135% of the 2016 standard. It is likely that cellulosic RIN production will be lower than needed forcing obligated parties, such as the Company, to purchase cellulosic “waiver credits” to comply in 2017 (the waiver credit option by regulation is only available for the cellulosic standard). The advanced and total RIN requirements were raised (by 7% and 3% , respectively) above the original proposed level in May 2016. Production of advanced RINs has been below what is needed for compliance in 2016. Obligated parties, such as the Company, will likely be relying on the nesting feature of the biodiesel RIN to comply with the advanced standard in 2017. While the Company believes that total RIN production will be adequate for 2016 needs, the new 2017 standard will put obligated parties up against the E10 blendwall leaving little flexibility. Compliance in 2017 will likely rely on obligated parties drawing down the supply of excess RINs collectively known as the “RIN bank” and could tighten the RIN market potentially raising RIN prices further. The Company is currently evaluating a potential proposal to change the point of obligation under the RFS program to the “blender” of renewable fuels, to which the new presidential administration may be supportive. Depending on how the new administration addresses this proposal and any future changes to the RFS 2 program there could be a material impact on the Company’s cost of compliance with RFS 2. In addition, on December 1, 2015 the EPA finalized revisions to an existing air regulation concerning Maximum Achievable Control Technologies (“MACT”) for Petroleum Refineries. The regulation requires additional continuous monitoring systems for eligible process safety valves relieving to atmosphere, minimum flare gas heat (Btu) content, and delayed coke drum vent controls to be installed by January 30, 2019. In addition, a program for ambient fence line monitoring for benzene will need to be implemented by January 30, 2018. The Company is currently evaluating the final standards to evaluate the impact of this regulation, and at this time does not anticipate it will have a material impact on the Company’s financial position, results of operations or cash flows. The EPA published a Final Rule to the Clean Water Act (“CWA”) Section 316(b) in August 2014 regarding cooling water intake structures, which includes requirements for petroleum refineries. The purpose of this rule is to prevent fish from being trapped against cooling water intake screens (impingement) and to prevent fish from being drawn through cooling water systems (entrainment). Facilities will be required to implement Best Technology Available (“BTA”) as soon as possible, but state agencies have the discretion to establish implementation time lines. The Company continues to evaluate the impact of this regulation, and at this time does not anticipate it having a material impact on the Company’s financial position, results of operations or cash flows. As a result of the Torrance Acquisition, the Company is subject to greenhouse gas emission control regulations in the state of California pursuant to Assembly Bill 32 (“AB 32”). AB 32 imposes a statewide cap on greenhouse gas emissions, including emissions from transportation fuels, with the aim of returning the state to 1990 emission levels by 2020. AB32 is implemented through two market mechanisms including the Low Carbon Fuel Standard (“LCFS”) and Cap and Trade. The Company is responsible for the AB 32 obligations related to the Torrance refinery beginning on July 1, 2016 and must purchase emission credits to comply with these obligations. Additionally, in September 2016, the state of California enacted Senate Bill 32 (“SB 32”) which further reduces greenhouse gas emissions targets to 40 percent below 1990 levels by 2030. However, subsequent to the acquisition, the Company is recovering the majority of these costs from its customers, and as such does not expect this obligation to materially impact the Company’s financial position, results of operations, or cash flows. To the degree there are unfavorable changes to AB 32 or SB 32 regulations or the Company is unable to recover such compliance costs from customers, these regulations could have a material adverse effect on our financial position, results of operations and cash flows. The Company is subject to obligations to purchase RINs required to comply with the RFS. In late 2015, the EPA initiated enforcement proceedings against companies it believes produced invalid RINs. On October 13, 2016, PBF Holding and its subsidiaries, Toledo Refining Company LLC and Delaware City Refining Company LLC, were notified by the EPA that its records indicated that these entities used potentially invalid RINs. The EPA directed each of the subsidiaries to resubmit reports to remove the potentially invalid RINs and to replace the invalid RINs with valid RINs with the same D Code. The invalid RINs have been retired and the Company has executed settlement agreements with the EPA requiring the payment of penalties of $550 . On February 15, 2017, the Company received another notification that EPA records indicated that PBF Holding used potentially invalid RINs that were in fact verified under the EPA’s RIN Quality Assurance Program (QAP) by an independent auditor as QAP A RINs. Under the regulations, use of potentially invalid QAP A RINs provided the user with an affirmative defense from civil penalties provided certain conditions are met. The Company has asserted the affirmative defense and if accepted by the EPA will not be required to replace these RINs and will not be subject to civil penalties under the program. It is reasonably possible that the EPA will not accept the Company’s defense and may assess penalties in these matters but any such amount is not expected to have a material impact on the Company’s financial position, results of operations or cash flows. The Company is also currently subject to certain other existing environmental claims and proceedings. The Company believes that there is only a remote possibility that future costs related to any of these other known contingent liability exposures would have a material impact on its financial position, results of operations or cash flows. PBF LLC Limited Liability Company Agreement The holders of limited liability company interests in PBF LLC, including PBF Energy, generally have to include for purposes of calculating their U.S. federal, state and local income taxes their share of any taxable income of PBF LLC, regardless of whether such holders receive cash distributions from PBF LLC. PBF Energy ultimately may not receive cash distributions from PBF LLC equal to its share of such taxable income or even equal to the actual tax due with respect to that income. For example, PBF LLC is required to include in taxable income PBF LLC’s allocable share of PBFX’s taxable income and gains (such share to be determined pursuant to the partnership agreement of PBFX), regardless of the amount of cash distributions received by PBF LLC from PBFX, and such taxable income and gains will flow-through to PBF Energy to the extent of its allocable share of the taxable income of PBF LLC. As a result, at certain times, the amount of cash otherwise ultimately available to PBF Energy on account of its indirect interest in PBFX may not be sufficient for PBF Energy to pay the amount of taxes it will owe on account of its indirect interests in PBFX. Taxable income of PBF LLC generally is allocated to the holders of PBF LLC units (including PBF Energy) pro-rata in accordance with their respective share of the net profits and net losses of PBF LLC. In general, PBF LLC is required to make periodic tax distributions to the members of PBF LLC, including PBF Energy, pro-rata in accordance with their respective percentage interests for such period (as determined under the amended and restated limited liability company agreement of PBF LLC), subject to available cash and applicable law and contractual restrictions (including pursuant to our debt instruments) and based on certain assumptions. Generally, these tax distributions are required to be in an amount equal to our estimate of the taxable income of PBF LLC for the year multiplied by an assumed tax rate equal to the highest effective marginal combined U.S. federal, state and local income tax rate prescribed for an individual or corporate resident in New York, New York (taking into account the nondeductibility of certain expenses). If, with respect to any given calendar year, the aggregate periodic tax distributions were less than the actual taxable income of PBF LLC multiplied by the assumed tax rate, PBF LLC is required to make a “true up” tax distribution, no later than March 15 of the following year, equal to such difference, subject to the available cash and borrowings of PBF LLC. PBF LLC generally obtains funding to pay its tax distributions by causing PBF Holding to distribute cash to PBF LLC and from distributions it receives from PBFX. Tax Receivable Agreement PBF Energy entered into a tax receivable agreement with the PBF LLC Series A and PBF LLC Series B Unit holders (the “Tax Receivable Agreement”) that provides for the payment by PBF Energy to such persons of an amount equal to 85% of the amount of the benefits, if any, that PBF Energy is deemed to realize as a result of (i) increases in tax basis, as described below, and (ii) certain other tax benefits related to entering into the Tax Receivable Agreement, including tax benefits attributable to payments under the Tax Receivable Agreement. For purposes of the Tax Receivable Agreement, the benefits deemed realized by PBF Energy will be computed by comparing the actual income tax liability of PBF Energy (calculated with certain assumptions) to the amount of such taxes that PBF Energy would have been required to pay had there been no increase to the tax basis of the assets of PBF LLC as a result of purchases or exchanges of PBF LLC Series A Units for shares of PBF Energy’s Class A common stock and had PBF Energy not entered into the Tax Receivable Agreement. The term of the Tax Receivable Agreement will continue until all such tax benefits have been utilized or expired unless: (i) PBF Energy exercises its right to terminate the Tax Receivable Agreement, (ii) PBF Energy breaches any of its material obligations under the Tax Receivable Agreement or (iii) certain changes of control occur, in which case all obligations under the Tax Receivable Agreement will generally be accelerated and due as calculated under certain assumptions. The payment obligations under the Tax Receivable Agreement are obligations of PBF Energy and not of PBF LLC, PBF Holding or PBFX. In general, PBF Energy expects to obtain funding for these annual payments from PBF LLC, primarily through tax distributions, which PBF LLC makes on a pro-rata basis to its owners. Such owners include PBF Energy, which holds a 96.6% interest in PBF LLC as of March 31, 2017 ( 96.5% as of December 31, 2016 ). PBF LLC generally obtains funding to pay its tax distributions by causing PBF Holding to distribute cash to PBF LLC and from distributions it receives from PBFX. As of March 31, 2017 , the Company has recognized a liability for the tax receivable agreement of $611,392 ( $611,392 as of December 31, 2016 ) reflecting the estimate of the undiscounted amounts that the Company expects to pay under the agreement.

DIVIDENDS AND DISTRIBUTIONS

DIVIDENDS AND DISTRIBUTIONS	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
DIVIDENDS AND DISTRIBUTIONS	DIVIDENDS AND DISTRIBUTIONS With respect to dividends and distributions paid during the three months ended March 31, 2017 , PBF LLC made aggregate non-tax quarterly distributions of $0.30 per unit to its members, of which $32,900 was distributed pro-rata to PBF Energy and the balance was distributed to its other members. PBF Energy used this $32,900 to pay quarterly cash dividends of $0.30 per share of Class A common stock on March 13, 2017. With respect to distributions paid during the three months ended March 31, 2017 , PBFX paid a distribution on outstanding common and subordinated units of $0.45 per unit on March 13, 2017, of which $9,572 was distributed to PBF LLC and the balance was distributed to its public unit holders.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	3 Months Ended
	Mar. 31, 2017
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS In August 2016 the Company amended the PBF Energy Pension Plan and the Post-Retirement Medical Plan to, among other things, incorporate into the plan all employees who became employed at the Company’s California locations on July 1, 2016, in connection with the Torrance Acquisition. The amendments to the plan were effective as of July 1, 2016. The components of net periodic benefit cost related to the Company’s defined benefit plans consisted of the following: Three Months Ended Pension Benefits 2017 2016 Components of net periodic benefit cost: Service cost $ 10,143 $ 7,340 Interest cost 1,084 776 Expected return on plan assets (1,442 ) (1,106 ) Amortization of prior service cost 13 13 Amortization of actuarial loss (gain) 113 194 Net periodic benefit cost $ 9,911 $ 7,217 Three Months Ended Post-Retirement Medical Plan 2017 2016 Components of net periodic benefit cost: Service cost $ 316 $ 220 Interest cost 172 134 Amortization of prior service cost 161 109 Amortization of actuarial loss (gain) — — Net periodic benefit cost $ 649 $ 463

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The tables below present information about the Company’s financial assets and liabilities measured and recorded at fair value on a recurring basis and indicate the fair value hierarchy of the inputs utilized to determine the fair values as of March 31, 2017 and December 31, 2016 . We have elected to offset the fair value amounts recognized for multiple derivative contracts executed with the same counterparty; however, fair value amounts by hierarchy level are presented on a gross basis in the tables below. We have posted cash margin with various counterparties to support hedging and trading activities. The cash margin posted is required by counterparties as collateral deposits and cannot be offset against the fair value of open contracts except in the event of default. We have no derivative contracts that are subject to master netting arrangements that are reflected gross on the balance sheet. As of March 31, 2017 Fair Value Hierarchy Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet Level 1 Level 2 Level 3 Assets: Money market funds $ 30,663 $ — $ — $ 30,663 N/A $ 30,663 Marketable securities 40,054 — — 40,054 N/A 40,054 Commodity contracts 17,980 290 — 18,270 (16,422 ) 1,848 Derivatives included with inventory intermediation agreement obligations — 29,182 — 29,182 — 29,182 Liabilities: Commodity contracts 13,132 3,290 — 16,422 (16,422 ) — Catalyst lease obligations — 48,558 — 48,558 — 48,558 As of December 31, 2016 Fair Value Hierarchy Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet Level 1 Level 2 Level 3 Assets: Money market funds $ 342,837 $ — $ — $ 342,837 N/A $ 342,837 Marketable securities 40,024 — — 40,024 N/A 40,024 Commodity contracts 948 35 — 983 (983 ) — Derivatives included with inventory intermediation agreement obligations — 6,058 — 6,058 — 6,058 Liabilities: Commodity contracts 859 3,548 84 4,491 (983 ) 3,508 Catalyst lease obligations — 45,969 — 45,969 — 45,969 The valuation methods used to measure financial instruments at fair value are as follows: • Money market funds categorized in Level 1 of the fair value hierarchy are measured at fair value based on quoted market prices and included within Cash and cash equivalents. • Marketable securities, consisting primarily of US Treasury securities, categorized in Level 1 of the fair value hierarchy are measured at fair value based on quoted market prices. • The commodity contracts categorized in Level 1 of the fair value hierarchy are measured at fair value based on quoted prices in an active market. The commodity contracts categorized in Level 2 of the fair value hierarchy are measured at fair value using a market approach based upon future commodity prices for similar instruments quoted in active markets. • The commodity contracts categorized in Level 3 of the fair value hierarchy consist of commodity price swap contracts that relate to forecasted purchases of crude oil for which quoted forward market prices are not readily available due to market illiquidity. The forward prices used to value these swaps were derived using broker quotes, prices from other third party sources and other available market based data. • The derivatives included with inventory intermediation agreement obligations and the catalyst lease obligations are categorized in Level 2 of the fair value hierarchy and are measured at fair value using a market approach based upon commodity prices for similar instruments quoted in active markets. Non-qualified pension plan assets are measured at fair value using a market approach based on published net asset values of mutual funds as a practical expedient. As of March 31, 2017 and December 31, 2016 , $9,513 and $9,440 , respectively, were included within Deferred charges and other assets, net for these non-qualified pension plan assets. The table below summarizes the changes in fair value measurements of commodity contracts categorized in Level 3 of the fair value hierarchy: Three Months Ended 2017 2016 Balance at beginning of period $ (84 ) $ 3,543 Purchases — — Settlements 45 (256 ) Unrealized (loss) gain included in earnings 39 (1,372 ) Transfers into Level 3 — — Transfers out of Level 3 — — Balance at end of period $ — $ 1,915 There were no transfers between levels during the three months ended March 31, 2017 or 2016 . Fair value of debt The table below summarizes the fair value and carrying value of debt as of March 31, 2017 and December 31, 2016 . March 31, 2017 December 31, 2016 Carrying value Fair value Carrying value Fair value Senior Secured Notes due 2020 (a) $ 671,189 $ 692,332 $ 670,867 $ 696,098 Senior Secured Notes due 2023 (a) 500,000 506,911 500,000 498,801 PBFX Senior Notes (a) 350,000 354,524 350,000 346,135 PBFX Term Loan (b) — — 39,664 39,664 PBF Rail Term Loan (b) 33,358 33,358 35,000 35,000 Catalyst leases (c) 48,558 48,558 45,969 45,969 PBFX Revolving Credit Facility (b) 189,200 189,200 189,200 189,200 Revolving Loan (b) 350,000 350,000 350,000 350,000 2,142,305 2,174,883 2,180,700 2,200,867 Less - Current maturities — — 39,664 39,664 Less - Unamortized deferred financing costs 30,192 n/a 32,466 n/a Long-term debt $ 2,112,113 $ 2,174,883 $ 2,108,570 $ 2,161,203 (a) The estimated fair value, categorized as a Level 2 measurement, was calculated based on the present value of future expected payments utilizing implied current market interest rates based on quoted prices of the Senior Secured Notes and the PBFX Senior Notes. (b) The estimated fair value approximates carrying value, categorized as a Level 2 measurement, as these borrowings bear interest based upon short-term floating market interest rates. (c) Catalyst leases are valued using a market approach based upon commodity prices for similar instruments quoted in active markets and are categorized as a Level 2 measurement. The Company has elected the fair value option for accounting for its catalyst lease repurchase obligations as the Company’s liability is directly impacted by the change in fair value of the underlying catalyst.

DERIVATIVES

DERIVATIVES	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES The Company uses derivative instruments to mitigate certain exposures to commodity price risk. The Company entered into Inventory Intermediation Agreements that contain purchase obligations for certain volumes of intermediates and refined products. The purchase obligations related to intermediates and refined products under these agreements are derivative instruments that have been designated as fair value hedges in order to hedge the commodity price volatility of certain refinery inventory. The fair value of these purchase obligation derivatives is based on market prices of the underlying intermediates and refined products. The level of activity for these derivatives is based on the level of operating inventories. As of March 31, 2017 , there were 3,471,786 barrels of intermediates and refined products ( 2,942,348 barrels at December 31, 2016 ) outstanding under these derivative instruments designated as fair value hedges and no barrels ( no barrels at December 31, 2016 ) outstanding under these derivative instruments not designated as hedges. These volumes represent the notional value of the contract. The Company also enters into economic hedges primarily consisting of commodity derivative contracts that are not designated as hedges and are used to manage price volatility in certain crude oil and feedstock inventories as well as crude oil, feedstock, and refined product sales or purchases. The objective in entering into economic hedges is consistent with the objectives discussed above for fair value hedges. As of March 31, 2017 , there were 14,845,000 barrels of crude oil and 6,714,000 barrels of refined products ( 5,950,000 and 2,831,000 , respectively, as of December 31, 2016 ), outstanding under short and long term commodity derivative contracts not designated as hedges representing the notional value of the contracts. The following tables provide information about the fair values of these derivative instruments as of March 31, 2017 and December 31, 2016 and the line items in the condensed consolidated balance sheet in which the fair values are reflected. Description Balance Sheet Location Fair Value Asset/(Liability) Derivatives designated as hedging instruments: March 31, 2017: Derivatives included with the inventory intermediation agreement obligations Accrued expenses $ 29,182 December 31, 2016: Derivatives included with the inventory intermediation agreement obligations Accrued expenses $ 6,058 Derivatives not designated as hedging instruments: March 31, 2017: Commodity contracts Accounts receivable $ 1,848 December 31, 2016: Commodity contracts Accrued expenses $ 3,508 The following table provides information about the gains or losses recognized in income on these derivative instruments and the line items in the condensed consolidated financial statements in which such gains and losses are reflected. Description Location of Gain or (Loss) Recognized in Income on Derivatives Gain or (Loss) Recognized in Income on Derivatives Derivatives designated as hedging instruments: For the three months ended March 31, 2017: Derivatives included with the inventory intermediation agreement obligations Cost of sales $ 23,124 For the three months ended March 31, 2016: Derivatives included with the inventory intermediation agreement obligations Cost of sales $ (35,146 ) Derivatives not designated as hedging instruments: For the three months ended March 31, 2017: Commodity contracts Cost of sales $ 391 For the three months ended March 31, 2016: Commodity contracts Cost of sales $ (19,953 ) Hedged items designated in fair value hedges: For the three months ended March 31, 2017: Intermediate and refined product inventory Cost of sales $ (23,124 ) For the three months ended March 31, 2016: Intermediate and refined product inventory Cost of sales $ 35,146 The Company had no ineffectiveness related to the Company’s fair value hedges for the three months ended March 31, 2017 and 2016 .

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company’s operations are organized into two reportable segments, Refining and Logistics. Operations that are not included in the Refining and Logistics segments are included in Corporate. Intersegment transactions are eliminated in the consolidated financial statements and are included in Eliminations. Refining The Company’s Refining Segment includes the operations of its five refineries, including certain related logistics assets that are not owned by PBFX. The Company’s refineries are located in Toledo, Ohio, Delaware City, Delaware, Paulsboro, New Jersey, New Orleans, Louisiana and Torrance, California. The refineries produce unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company purchases crude oil, other feedstocks and blending components from various third-party suppliers. The Company sells products throughout the Northeast, Midwest, Gulf Coast and West Coast of the United States, as well as in other regions of the United States and Canada, and is able to ship products to other international destinations. Logistics The Company formed PBFX, a publicly traded master limited partnership, to own or lease, operate, develop and acquire crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. PBFX’s assets consist of rail and truck terminals and unloading racks, tank farms and pipelines that were acquired from or contributed by PBF LLC and are located at, or nearby, the Company’s refineries. PBFX provides various rail, truck and marine terminaling services, pipeline transportation services and storage services to PBF Holding and/or its subsidiaries and third party customers through fee-based commercial agreements. PBFX currently does not generate significant third party revenue and intersegment related-party revenues are eliminated in consolidation. From a PBF Energy perspective, the Company’s chief operating decision maker evaluates the Logistics segment as a whole without regard to any of PBFX’s individual segments. The Company evaluates the performance of its segments based primarily on income from operations. Income from operations includes those revenues and expenses that are directly attributable to management of the respective segment. The Logistics segment’s revenues include intersegment transactions with the Company’s Refining segment at prices the Company believes are substantially equivalent to the prices that could have been negotiated with unaffiliated parties with respect to similar services. Activities of the Company’s business that are not included in the two operating segments are included in Corporate. Such activities consist primarily of corporate staff operations and other items that are not specific to the normal operations of the two operating segments. The Company does not allocate non-operating income and expense items, including income taxes, to the individual segments. The Refinery segment’s operating subsidiaries and PBFX are primarily pass-through entities with respect to income taxes. Total assets of each segment consist of property, plant and equipment, inventories, cash and cash equivalents, accounts receivables and other assets directly associated with the segment’s operations. Corporate assets consist primarily of deferred tax assets, property, plant and equipment and other assets not directly related to the Company’s refinery and logistic operations. Disclosures regarding the Company’s reportable segments with reconciliations to consolidated totals for the three months ended March 31, 2017 and March 31, 2016 are presented below. In connection with the contribution by PBF LLC of the limited liability interests in PNGPC to PBFX, the accompanying segment information has been retrospectively adjusted to include the historical results of PNGPC in the Logistics segment for all periods presented prior to such contribution. Three Months Ended March 31, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 4,750,197 $ 60,477 $ — $ (56,201 ) $ 4,754,473 Depreciation and amortization expense 53,817 5,352 1,763 — 60,932 Income (loss) from operations (1) 10,530 36,041 (42,278 ) (3,599 ) 694 Interest expense, net 918 7,984 28,281 — 37,183 Capital expenditures 167,216 19,467 2,261 — 188,944 Three Months Ended March 31, 2016 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 2,800,185 $ 36,549 $ — $ (36,549 ) $ 2,800,185 Depreciation and amortization expense 52,389 1,847 1,697 — 55,933 Income (loss) from operations 5,246 26,044 (36,714 ) — (5,424 ) Interest expense, net 972 7,229 29,326 — 37,527 Capital expenditures (2) 138,913 1,126 5,700 — 145,739 Balance at March 31, 2017 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 6,295,641 $ 749,696 $ 496,903 $ (30,003 ) $ 7,512,237 Balance at December 31, 2016 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 6,419,950 $ 756,861 $ 482,979 $ (37,863 ) $ 7,621,927 (1) The Logistics segment includes 100% of the income from operations of TVPC as TVPC is consolidated by PBFX. PBFX records net income attributable to noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records equity income in investee related to its 50% noncontrolling ownership interest in TVPC. For the purposes of the consolidated PBF Energy financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation. As the acquisition of PBFX’s 50% interest in TVPC was completed in the third quarter of 2016, there was no impact on comparative March 31, 2016 disclosures. (2) The Refining segment includes capital expenditures of $2,659 for the working capital settlement related to the acquisition of the Chalmette refinery that was finalized in the first quarter of 2016. (3) The Logistics segment includes 100% of the assets of TVPC as TVPC is consolidated by PBFX. PBFX records a noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records an equity investment in TVPC reflecting its noncontrolling ownership interest. For the purposes of the consolidated PBF Energy financial statements, PBFX’s noncontrolling interest in TVPC and PBF Holding’s equity investment in TVPC eliminate in consolidation.

NET INCOME (LOSS) PER SHARE OF

NET INCOME (LOSS) PER SHARE OF PBF ENERGY	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
NET INCOME (LOSS) PER SHARE OF PBF ENERGY	NET INCOME (LOSS) PER SHARE OF PBF ENERGY The Company grants certain equity-based compensation awards to employees and non-employee directors that are considered to be participating securities. Due to the presence of participating securities, the Company has calculated net income (loss) per Class A common share using the two-class method. The following table sets forth the computation of basic and diluted net income (loss) per Class A common share attributable to PBF Energy: Three Months Ended Basic Earnings Per Share: 2017 2016 Allocation of earnings: Net income (loss) attributable to PBF Energy Inc. stockholders $ (31,077 ) $ (29,388 ) Income (loss) allocated to participating securities (271 ) — Income (loss) available to PBF Energy Inc. stockholders - basic $ (31,348 ) $ (29,388 ) Denominator for basic net income (loss) per Class A common share - weighted average shares 108,760,374 97,809,384 Basic net income (loss) attributable to PBF Energy per Class A common share $ (0.29 ) $ (0.30 ) Diluted Earnings Per Share: Numerator: Income (loss) available to PBF Energy Inc. stockholders - basic $ (31,348 ) $ (29,388 ) Plus: Net income attributable to noncontrolling interest (1) — — Less: Income tax expense (benefit) on net income (loss) attributable to noncontrolling interest (1) — — Numerator for diluted net income (loss) per Class A common share - net income (loss) attributable to PBF Energy Inc. stockholders (1) $ (31,348 ) $ (29,388 ) Denominator (1) : Denominator for basic net income (loss) per Class A common share-weighted average shares 108,760,374 97,809,384 Effect of dilutive securities: Conversion of PBF LLC Series A Units (1) — — Common stock equivalents (2) — — Denominator for diluted net income (loss) per Class A common share-adjusted weighted average shares 108,760,374 97,809,384 Diluted net income (loss) attributable to PBF Energy Inc. stockholders per Class A common share $ (0.29 ) $ (0.30 ) __________ (1) The potential conversion of 3,843,206 and 4,956,417 PBF LLC Series A Units for the three months ended March 31, 2017 and 2016 , respectively, were excluded from the denominator in computing diluted net income per share because including them would have had an antidilutive effect. As the PBF LLC Series A Units were not included, the numerator used in the calculation of diluted net income per share was equal to the numerator used in the calculation of basic net income per share and does not include the net income and related income tax expense associated with the potential conversion of the PBF LLC Series A Units. (2) Represents an adjustment to weighted-average diluted shares outstanding to assume the full exchange of common stock equivalents, including options and warrants for PBF LLC Series A Units and options for shares of PBF Energy Class A common stock as calculated under the treasury stock method (to the extent the impact of such exchange would not be anti-dilutive). Common stock equivalents excludes the effects of options and warrants to purchase 7,364,616 and 4,945,360 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the three months ended March 31, 2017 and 2016 , respectively.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Dividend Declared On May 4, 2017, the Company announced a dividend of $0.30 per share on outstanding Class A common stock. The dividend is payable on May 31, 2017 to Class A common stockholders of record at the close of business on May 16, 2017. PBFX Distributions On May 4, 2017, the Board of Directors of PBF GP announced a distribution of $0.46 per unit on outstanding common and subordinated units of PBFX. The distribution is payable on May 31, 2017 to PBFX unit holders of record at the close of business on May 16, 2017.

DESCRIPTION OF THE BUSINESS A23

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements	Recently Adopted Accounting Guidance Effective January 1, 2017, the Company adopted Accounting Standard Update (“ASU”) No. 2016-06, “Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments (a consensus of the FASB Emerging Issues Task Force)” (“ASU 2016-06”). ASU 2016-6 was issued in March 2016 by the Financial Accounting Standards Board (“FASB”) to increase consistency in practice in applying guidance on determining if an embedded derivative is clearly and closely related to the economic characteristics of the host contract, specifically for assessing whether call (put) options that can accelerate the repayment of principal on a debt instrument meet the clearly and closely related criterion. The Company’s adoption of this guidance did not materially impact its consolidated financial statements. Effective January 1, 2017, the Company adopted ASU No. 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”). ASU 2016-09 was issued by the FASB in March 2016 to simplify certain aspects of the accounting for share-based payments to employees. The guidance in ASU 2016-09 requires all income tax effects of awards to be recognized in the income statement when the awards vest or are settled rather than recording excess tax benefits or deficiencies in additional paid-in capital. The guidance in ASU 2016-09 also allows an employer to repurchase more of an employee’s shares than it could prior to its adoption for tax withholding purposes without triggering liability accounting and to make a policy election to account for forfeitures as they occur. The Company’s adoption of this guidance did not materially impact its consolidated financial statements. Effective January 1, 2017, the Company adopted ASU No. 2016-17, “Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control” (“ASU 2016-17”). ASU 2016-17 was issued by the FASB in October 2016 to amend the consolidation guidance on how a reporting entity that is the single decision maker of a variable interest entity (“VIE”) should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. The amendments in this ASU do not change the characteristics of a primary beneficiary in current GAAP. The amendments in this ASU require that a reporting entity, in determining whether it satisfies the second characteristic of a primary beneficiary, include all of its direct variable interests in a VIE and, on a proportionate basis, its indirect variable interests in a VIE held through related parties, including related parties that are under common control with the reporting entity. The Company’s adoption of this guidance did not materially impact its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business” (“ASU 2017-01”), which provides guidance to assist entities with evaluating when a set of transferred assets and activities is a business. Under ASU 2017-01, it is expected that the definition of a business will be narrowed and more consistently applied. ASU 2017-01 is effective for annual periods beginning after December 15, 2017, including interim periods within those periods. The amendments in this ASU should be applied prospectively on or after the effective date. Early adoption of ASU 2017-01 is permitted and the Company early adopted the new standard in its consolidated financial statements and related disclosures effective January 1, 2017. The Company’s adoption of this guidance did not materially impact its consolidated financial statements. Recent Accounting Pronouncements In August 2015, the FASB issued ASU 2015-14, “Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date” (“ASU 2015-14”), which defers the effective date of ASU 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”) for all entities by one year. Additional ASUs have been issued in 2016 that provide certain implementation guidance related to ASU 2014-09 (collectively, the Company refers to ASU 2014-09 and these additional ASUs as the “Updated Revenue Recognition Guidance”).The Updated Revenue Recognition Guidance will replace most existing revenue recognition guidance in GAAP when it becomes effective. Under ASU 2015-14, this guidance becomes effective for interim and annual periods beginning after December 15, 2017 and permits the use of either the retrospective or modified retrospective transition method. Under ASU 2015-14, early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company has established a working group to assess the Updated Revenue Recognition Guidance, including its impact on the Company’s business processes, accounting systems, controls and financial statement disclosures. The Company’s preliminary expectation is that it will adopt this guidance using the modified retrospective method whereby a cumulative effect adjustment is recognized upon adoption and the Updated Revenue Recognition Guidance is applied prospectively. It is not anticipated that the Company will early adopt this new guidance. The working group is in the early stages of its implementation plan and continues to evaluate the impact of this new standard on the Company’s consolidated financial statements and related disclosures. Although the Company’s analysis of the new standard is still in process and interpretative and industry specific guidance is still developing, the Company currently does not expect the new standard to have a material impact on the amount or timing of revenues recognized for the majority of its revenue arrangements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), to increase the transparency and comparability about leases among entities. The new guidance requires lessees to recognize a lease liability and a corresponding lease asset for virtually all lease contracts. It also requires additional disclosures about leasing arrangements. ASU 2016-02 is effective for interim and annual periods beginning after December 15, 2018, and requires a modified retrospective approach to adoption. Early adoption is permitted. The Company has established a working group to study and lead implementation of the new guidance in ASU 2016-02. This working group was formed during 2016 and has begun the process of compiling a central repository for all leases entered into by the Company and its subsidiaries for further analysis as the implementation project progresses. It is not anticipated that the Company will early adopt this new guidance. The working group continues to evaluate the impact of this new standard on its consolidated financial statements and related disclosures. At this time, the Company has identified that the most significant impacts of this new guidance will be to bring nearly all leases on its balance sheet with “right of use assets” and “lease obligation liabilities” as well as accelerating the interest expense component of financing leases. In March 2017, the FASB issued ASU 2017-07 “Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” (“ASU 2017-07”), which provides guidance to improve the reporting of net benefit cost in the income statement and on the components eligible for capitalization in assets. Under the new guidance, employers will present the service cost component of net periodic benefit cost in the same income statement line item(s) as other employee compensation costs arising from services rendered during the period. Only the service cost component will be eligible for capitalization in assets. Additionally, under this guidance, employers will present the other components of the net periodic benefit cost separately from the line item(s) that includes the service cost and outside of any subtotal of operating income, if one is presented. These components will not be eligible for capitalization in assets. Employers will apply the guidance on the presentation of the components of net periodic benefit cost in the income statement retrospectively. The guidance limiting the capitalization of net periodic benefit cost in assets to the service cost component will be applied prospectively. The guidance includes a practical expedient allowing entities to estimate amounts for comparative periods using the information previously disclosed in their pension and other postretirement benefit plan note to the financial statements. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The Company is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
	Mar. 31, 2017
Business Combinations [Abstract]
Schedule of assets acquired and liabilities assumed	The total purchase consideration and the fair values of the assets and liabilities at the acquisition date, which may be subject to adjustment as noted above, were as follows: Purchase Price Gross purchase price $ 537,500 Working capital 450,582 Post close purchase price adjustments (16,150 ) Total consideration $ 971,932 The following table summarizes the amounts recognized for assets acquired and liabilities assumed as of the acquisition date: Fair Value Allocation Inventories $ 404,542 Prepaid expenses and other current assets 1,186 Property, plant and equipment 703,443 Deferred charges and other assets, net 68,053 Accounts payable (2,688 ) Accrued expenses (64,137 ) Other long-term liabilities (138,467 ) Fair value of net assets acquired $ 971,932 The following table summarizes the amounts recognized for assets acquired and liabilities assumed as of the acquisition date: Fair Value Allocation Inventories $ 404,542 Prepaid expenses and other current assets 1,186 Property, plant and equipment 703,443 Deferred charges and other assets, net 68,053 Accounts payable (2,688 ) Accrued expenses (64,137 ) Other long-term liabilities (138,467 ) Fair value of net assets acquired $ 971,932
Schedule of Pro Forma Information	The unaudited pro forma financial information includes the depreciation and amortization expense attributable to the Torrance Acquisition and interest expense associated with the related financing. Three Months Ended March 31, 2016 Pro forma revenues $ 3,339,691 Pro forma net loss attributable to PBF Energy Inc. stockholders $ (87,709 ) Pro forma net loss available to Class A common stock per share: Basic $ (0.90 ) Diluted $ (0.90 ) The unaudited amount of revenues and net loss above have been calculated after conforming accounting policies of the Torrance refinery and related logistics assets to those of the Company and certain one-time adjustments. Three Months Ended March 31, 2016 Pro forma revenues $ 3,339,691 Pro forma net loss attributable to PBF Energy Inc. stockholders $ (87,709 ) Pro forma net loss available to Class A common stock per share: Basic $ (0.90 ) Diluted $ (0.90 )

EQUITY (Tables)

EQUITY (Tables)	3 Months Ended
	Mar. 31, 2017
Noncontrolling Interest [Line Items]
Schedule of Stockholders Equity [Table Text Block]	The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF Energy for the three months ended March 31, 2017 and 2016 : PBF Energy Inc. Equity Noncontrolling Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2017 $ 2,025,044 $ 98,671 $ 12,513 $ 434,456 $ 2,570,684 Comprehensive income (loss) (30,773 ) (1,846 ) 113 12,790 (19,716 ) Dividends and distributions (32,900 ) (1,152 ) — (10,714 ) (44,766 ) Equity-based compensation awards 5,345 — — 680 6,025 Other — — — (4 ) (4 ) Balance at March 31, 2017 $ 1,966,716 $ 95,673 $ 12,626 $ 437,208 $ 2,512,223 PBF Energy Inc. Equity Noncontrolling Noncontrolling Noncontrolling Total Equity Balance at January 1, 2016 $ 1,647,297 $ 91,018 $ 17,225 $ 340,317 $ 2,095,857 Comprehensive income (loss) (28,796 ) (2,714 ) 303 8,493 (22,714 ) Dividends and distributions (29,342 ) (1,487 ) — (6,694 ) (37,523 ) Equity-based compensation awards 2,621 — — 729 3,350 Exercise of PBF LLC options and warrants, net 1,058 (190 ) — — 868 Other (442 ) — (5,145 ) (505 ) (6,092 ) Balance at March 31, 2016 $ 1,592,396 $ 86,627 $ 12,383 $ 342,340 $ 2,033,746
Schedule of Stock by Class [Table Text Block]	Share Activity The following table presents the changes in PBF Energy common stock and treasury stock outstanding: Three Months Ended March 31, 2017 2016 Class A Common Stock Treasury Stock Class A Common Stock Treasury Stock Balance at beginning of period 109,204,047 6,087,963 97,781,933 6,056,719 Treasury stock purchases (1) (382 ) 382 (4,784 ) 4,784 Stock based compensation 383,000 — — — Exchange of Series A units for Class A common stock 81,050 — 38,957 — Balance at end of period 109,667,715 6,088,345 97,816,106 6,061,503 _____ (1) Includes shares repurchased from participants in connection with the vesting of equity awards granted under the Company’s stock compensation plans to cover employee income tax liabilities.
PBF LLC [Member]
Noncontrolling Interest [Line Items]
The ownership percentage in PBF LLC	The noncontrolling interest ownership percentages of PBF Energy as of March 31, 2017 and December 31, 2016 are calculated as follows: Holders of PBF LLC Series A Units Outstanding Shares of PBF Energy Class A Common Stock Total * December 31, 2016 3,920,902 109,204,047 113,124,949 3.5 % 96.5 % 100.0 % March 31, 2017 3,839,852 109,667,715 113,507,567 3.4 % 96.6 % 100.0 % —————————— * Assumes all of the holders of PBF LLC Series A Units exchange their PBF LLC Series A Units for shares of PBF Energy’s Class A common stock on a one-for-one basis.
PBF Logistics LP [Member]
Noncontrolling Interest [Line Items]
The ownership percentage in PBF LLC	The noncontrolling interest ownership percentages of PBFX as of March 31, 2017 and December 31, 2016 , are calculated as follows: Units of PBFX Held by the Public Units of PBFX Held by PBF LLC (Including Subordinated Units) Total December 31, 2016 23,271,174 18,459,497 41,730,671 55.8 % 44.2 % 100.0 % March 31, 2017 23,303,528 18,459,497 41,763,025 55.8 % 44.2 % 100.0 %

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories consisted of the following: March 31, 2017 Titled Inventory Inventory Intermediation Arrangements Total Crude oil and feedstocks $ 1,333,336 $ — $ 1,333,336 Refined products and blendstocks 920,573 351,917 1,272,490 Warehouse stock and other 92,159 — 92,159 $ 2,346,068 $ 351,917 $ 2,697,985 Lower of cost or market adjustment (513,090 ) (98,937 ) (612,027 ) Total inventories $ 1,832,978 $ 252,980 $ 2,085,958 December 31, 2016 Titled Inventory Inventory Intermediation Arrangements Total Crude oil and feedstocks $ 1,102,007 $ — $ 1,102,007 Refined products and blendstocks 915,397 352,464 1,267,861 Warehouse stock and other 89,680 — 89,680 $ 2,107,084 $ 352,464 $ 2,459,548 Lower of cost or market adjustment (492,415 ) (103,573 ) (595,988 ) Total inventories $ 1,614,669 $ 248,891 $ 1,863,560

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	3 Months Ended
	Mar. 31, 2017
Payables and Accruals [Abstract]
Schedule of accrued expenses	Accrued expenses consisted of the following: March 31, December 31, Inventory-related accruals $ 797,959 $ 810,027 Inventory intermediation arrangements 233,289 225,524 Renewable energy credit and emissions obligations 182,328 70,158 Excise and sales tax payable 98,524 86,046 Accrued transportation costs 80,882 89,830 Accrued refinery maintenance and support costs 38,285 28,670 Accrued utilities 35,563 44,190 Accrued interest 29,319 28,570 Accrued capital expenditures 23,760 35,149 Customer deposits 21,758 9,215 Accrued salaries and benefits 13,513 17,466 Environmental liabilities 9,856 9,434 Other 51,239 13,405 Total accrued expenses $ 1,616,275 $ 1,467,684

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Summary of the income tax provision	The income tax provision (benefit) in the PBF Energy condensed consolidated financial statements of operations consists of the following: Three Months Ended 2017 2016 Current tax expense (benefit) $ 473 $ (75,454 ) Deferred tax expense (benefit) (19,520 ) 52,954 Total tax expense (benefit) $ (19,047 ) $ (22,500 )
Schedule of effective income tax rate reconciliation	The difference between the Company’s effective income tax rate and the United States statutory rate are reconciled below: Three Months Ended 2017 2016 Provision at Federal statutory rate 35.0 % 35.0 % Increase (decrease) attributable to flow-through of certain tax adjustments: State income taxes (net of federal income tax) 4.4 % 4.6 % Nondeductible/nontaxable items 0.2 % (0.3 )% Rate differential from foreign jurisdictions 0.1 % 0.7 % Foreign tax rate change (1.7 )% — % Other — % 3.3 % Effective tax rate 38.0 % 43.3 %

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	3 Months Ended
	Mar. 31, 2017
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Schedule of net periodic benefit cost	Three Months Ended Pension Benefits 2017 2016 Components of net periodic benefit cost: Service cost $ 10,143 $ 7,340 Interest cost 1,084 776 Expected return on plan assets (1,442 ) (1,106 ) Amortization of prior service cost 13 13 Amortization of actuarial loss (gain) 113 194 Net periodic benefit cost $ 9,911 $ 7,217 Three Months Ended Post-Retirement Medical Plan 2017 2016 Components of net periodic benefit cost: Service cost $ 316 $ 220 Interest cost 172 134 Amortization of prior service cost 161 109 Amortization of actuarial loss (gain) — — Net periodic benefit cost $ 649 $ 463

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The tables below present information about the Company’s financial assets and liabilities measured and recorded at fair value on a recurring basis and indicate the fair value hierarchy of the inputs utilized to determine the fair values as of March 31, 2017 and December 31, 2016 . We have elected to offset the fair value amounts recognized for multiple derivative contracts executed with the same counterparty; however, fair value amounts by hierarchy level are presented on a gross basis in the tables below. We have posted cash margin with various counterparties to support hedging and trading activities. The cash margin posted is required by counterparties as collateral deposits and cannot be offset against the fair value of open contracts except in the event of default. We have no derivative contracts that are subject to master netting arrangements that are reflected gross on the balance sheet. As of March 31, 2017 Fair Value Hierarchy Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet Level 1 Level 2 Level 3 Assets: Money market funds $ 30,663 $ — $ — $ 30,663 N/A $ 30,663 Marketable securities 40,054 — — 40,054 N/A 40,054 Commodity contracts 17,980 290 — 18,270 (16,422 ) 1,848 Derivatives included with inventory intermediation agreement obligations — 29,182 — 29,182 — 29,182 Liabilities: Commodity contracts 13,132 3,290 — 16,422 (16,422 ) — Catalyst lease obligations — 48,558 — 48,558 — 48,558 As of December 31, 2016 Fair Value Hierarchy Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet Level 1 Level 2 Level 3 Assets: Money market funds $ 342,837 $ — $ — $ 342,837 N/A $ 342,837 Marketable securities 40,024 — — 40,024 N/A 40,024 Commodity contracts 948 35 — 983 (983 ) — Derivatives included with inventory intermediation agreement obligations — 6,058 — 6,058 — 6,058 Liabilities: Commodity contracts 859 3,548 84 4,491 (983 ) 3,508 Catalyst lease obligations — 45,969 — 45,969 — 45,969
Schedule of Effect of Significant Unobservable Inputs	The table below summarizes the changes in fair value measurements of commodity contracts categorized in Level 3 of the fair value hierarchy: Three Months Ended 2017 2016 Balance at beginning of period $ (84 ) $ 3,543 Purchases — — Settlements 45 (256 ) Unrealized (loss) gain included in earnings 39 (1,372 ) Transfers into Level 3 — — Transfers out of Level 3 — — Balance at end of period $ — $ 1,915
Schedule of Fair value of Debt	The table below summarizes the fair value and carrying value of debt as of March 31, 2017 and December 31, 2016 . March 31, 2017 December 31, 2016 Carrying value Fair value Carrying value Fair value Senior Secured Notes due 2020 (a) $ 671,189 $ 692,332 $ 670,867 $ 696,098 Senior Secured Notes due 2023 (a) 500,000 506,911 500,000 498,801 PBFX Senior Notes (a) 350,000 354,524 350,000 346,135 PBFX Term Loan (b) — — 39,664 39,664 PBF Rail Term Loan (b) 33,358 33,358 35,000 35,000 Catalyst leases (c) 48,558 48,558 45,969 45,969 PBFX Revolving Credit Facility (b) 189,200 189,200 189,200 189,200 Revolving Loan (b) 350,000 350,000 350,000 350,000 2,142,305 2,174,883 2,180,700 2,200,867 Less - Current maturities — — 39,664 39,664 Less - Unamortized deferred financing costs 30,192 n/a 32,466 n/a Long-term debt $ 2,112,113 $ 2,174,883 $ 2,108,570 $ 2,161,203 (a) The estimated fair value, categorized as a Level 2 measurement, was calculated based on the present value of future expected payments utilizing implied current market interest rates based on quoted prices of the Senior Secured Notes and the PBFX Senior Notes. (b) The estimated fair value approximates carrying value, categorized as a Level 2 measurement, as these borrowings bear interest based upon short-term floating market interest rates. (c) Catalyst leases are valued using a market approach based upon commodity prices for similar instruments quoted in active markets and are categorized as a Level 2 measurement. The Company has elected the fair value option for accounting for its catalyst lease repurchase obligations as the Company’s liability is directly impacted by the change in fair value of the underlying catalyst.

DERIVATIVES (Tables)

DERIVATIVES (Tables)	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Instruments	The following tables provide information about the fair values of these derivative instruments as of March 31, 2017 and December 31, 2016 and the line items in the condensed consolidated balance sheet in which the fair values are reflected. Description Balance Sheet Location Fair Value Asset/(Liability) Derivatives designated as hedging instruments: March 31, 2017: Derivatives included with the inventory intermediation agreement obligations Accrued expenses $ 29,182 December 31, 2016: Derivatives included with the inventory intermediation agreement obligations Accrued expenses $ 6,058 Derivatives not designated as hedging instruments: March 31, 2017: Commodity contracts Accounts receivable $ 1,848 December 31, 2016: Commodity contracts Accrued expenses $ 3,508
Schedule of Derivative Instruments, Gain (Loss) Recognized in Income	The following table provides information about the gains or losses recognized in income on these derivative instruments and the line items in the condensed consolidated financial statements in which such gains and losses are reflected. Description Location of Gain or (Loss) Recognized in Income on Derivatives Gain or (Loss) Recognized in Income on Derivatives Derivatives designated as hedging instruments: For the three months ended March 31, 2017: Derivatives included with the inventory intermediation agreement obligations Cost of sales $ 23,124 For the three months ended March 31, 2016: Derivatives included with the inventory intermediation agreement obligations Cost of sales $ (35,146 ) Derivatives not designated as hedging instruments: For the three months ended March 31, 2017: Commodity contracts Cost of sales $ 391 For the three months ended March 31, 2016: Commodity contracts Cost of sales $ (19,953 ) Hedged items designated in fair value hedges: For the three months ended March 31, 2017: Intermediate and refined product inventory Cost of sales $ (23,124 ) For the three months ended March 31, 2016: Intermediate and refined product inventory Cost of sales $ 35,146

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Schedule of segment reporting information	Disclosures regarding the Company’s reportable segments with reconciliations to consolidated totals for the three months ended March 31, 2017 and March 31, 2016 are presented below. In connection with the contribution by PBF LLC of the limited liability interests in PNGPC to PBFX, the accompanying segment information has been retrospectively adjusted to include the historical results of PNGPC in the Logistics segment for all periods presented prior to such contribution. Three Months Ended March 31, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 4,750,197 $ 60,477 $ — $ (56,201 ) $ 4,754,473 Depreciation and amortization expense 53,817 5,352 1,763 — 60,932 Income (loss) from operations (1) 10,530 36,041 (42,278 ) (3,599 ) 694 Interest expense, net 918 7,984 28,281 — 37,183 Capital expenditures 167,216 19,467 2,261 — 188,944 Three Months Ended March 31, 2016 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 2,800,185 $ 36,549 $ — $ (36,549 ) $ 2,800,185 Depreciation and amortization expense 52,389 1,847 1,697 — 55,933 Income (loss) from operations 5,246 26,044 (36,714 ) — (5,424 ) Interest expense, net 972 7,229 29,326 — 37,527 Capital expenditures (2) 138,913 1,126 5,700 — 145,739 Balance at March 31, 2017 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 6,295,641 $ 749,696 $ 496,903 $ (30,003 ) $ 7,512,237 Balance at December 31, 2016 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 6,419,950 $ 756,861 $ 482,979 $ (37,863 ) $ 7,621,927 (1) The Logistics segment includes 100% of the income from operations of TVPC as TVPC is consolidated by PBFX. PBFX records net income attributable to noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records equity income in investee related to its 50% noncontrolling ownership interest in TVPC. For the purposes of the consolidated PBF Energy financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation. As the acquisition of PBFX’s 50% interest in TVPC was completed in the third quarter of 2016, there was no impact on comparative March 31, 2016 disclosures. (2) The Refining segment includes capital expenditures of $2,659 for the working capital settlement related to the acquisition of the Chalmette refinery that was finalized in the first quarter of 2016. (3) The Logistics segment includes 100% of the assets of TVPC as TVPC is consolidated by PBFX. PBFX records a noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records an equity investment in TVPC reflecting its noncontrolling ownership interest. For the purposes of the consolidated PBF Energy financial statements, PBFX’s noncontrolling interest in TVPC and PBF Holding’s equity investment in TVPC eliminate in consolidation.

NET INCOME (LOSS) PER SHARE O33

NET INCOME (LOSS) PER SHARE OF PBF ENERGY (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Computation of basic and diluted net income per common share	The following table sets forth the computation of basic and diluted net income (loss) per Class A common share attributable to PBF Energy: Three Months Ended Basic Earnings Per Share: 2017 2016 Allocation of earnings: Net income (loss) attributable to PBF Energy Inc. stockholders $ (31,077 ) $ (29,388 ) Income (loss) allocated to participating securities (271 ) — Income (loss) available to PBF Energy Inc. stockholders - basic $ (31,348 ) $ (29,388 ) Denominator for basic net income (loss) per Class A common share - weighted average shares 108,760,374 97,809,384 Basic net income (loss) attributable to PBF Energy per Class A common share $ (0.29 ) $ (0.30 ) Diluted Earnings Per Share: Numerator: Income (loss) available to PBF Energy Inc. stockholders - basic $ (31,348 ) $ (29,388 ) Plus: Net income attributable to noncontrolling interest (1) — — Less: Income tax expense (benefit) on net income (loss) attributable to noncontrolling interest (1) — — Numerator for diluted net income (loss) per Class A common share - net income (loss) attributable to PBF Energy Inc. stockholders (1) $ (31,348 ) $ (29,388 ) Denominator (1) : Denominator for basic net income (loss) per Class A common share-weighted average shares 108,760,374 97,809,384 Effect of dilutive securities: Conversion of PBF LLC Series A Units (1) — — Common stock equivalents (2) — — Denominator for diluted net income (loss) per Class A common share-adjusted weighted average shares 108,760,374 97,809,384 Diluted net income (loss) attributable to PBF Energy Inc. stockholders per Class A common share $ (0.29 ) $ (0.30 ) __________ (1) The potential conversion of 3,843,206 and 4,956,417 PBF LLC Series A Units for the three months ended March 31, 2017 and 2016 , respectively, were excluded from the denominator in computing diluted net income per share because including them would have had an antidilutive effect. As the PBF LLC Series A Units were not included, the numerator used in the calculation of diluted net income per share was equal to the numerator used in the calculation of basic net income per share and does not include the net income and related income tax expense associated with the potential conversion of the PBF LLC Series A Units. (2) Represents an adjustment to weighted-average diluted shares outstanding to assume the full exchange of common stock equivalents, including options and warrants for PBF LLC Series A Units and options for shares of PBF Energy Class A common stock as calculated under the treasury stock method (to the extent the impact of such exchange would not be anti-dilutive). Common stock equivalents excludes the effects of options and warrants to purchase 7,364,616 and 4,945,360 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the three months ended March 31, 2017 and 2016 , respectively.

DESCRIPTION OF THE BUSINESS A34

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Details)	3 Months Ended
	Mar. 31, 2017reportable_segmentshares	Dec. 31, 2016shares
Description of Business [Line Items]
Ownership percentage	100.00%	100.00%
Shares, outstanding	113,507,567	113,124,949
Percentage of ownership in PBF LLC	100.00%	100.00%
Number of reportable segments | reportable_segment	2
Class A Common Stock [Member] | PBF Energy [Member]
Description of Business [Line Items]
Shares, outstanding	109,667,715	109,204,047
Percentage of ownership in PBF LLC	96.60%	96.50%
Series A Units [Member] | PBF LLC [Member]
Description of Business [Line Items]
Shares, outstanding	3,839,852	3,920,902
Percentage of ownership in PBF LLC	3.40%	3.50%
Limited Partner [Member] | PBF LLC [Member]
Description of Business [Line Items]
Ownership percentage	44.20%	44.20%
T&M Terminal Company [Member] | Chalmette Refining [Member]
Description of Business [Line Items]
Noncontrolling interest, ownership percentage	80.00%

PBF LOGISTICS LP (Details)

PBF LOGISTICS LP (Details) $ / shares in Units, $ in Thousands	Feb. 28, 2017USD ($)	Apr. 29, 2016USD ($)terminal	Mar. 31, 2017USD ($)$ / sharesshares	Mar. 31, 2016USD ($)	Dec. 31, 2016	Aug. 31, 2016
Variable Interest Entity [Line Items]
Payments to Acquire Property, Plant, and Equipment			$ 109,726	$ 43,170
Ownership percentage			100.00%		100.00%
Maturities of marketable securities			$ 75,006	689,860
Proceeds from revolver borrowings			$ 200,000	$ 0
PBF Logistics LP [Member]
Variable Interest Entity [Line Items]
Partners' Capital Account, Units, Conversion Ratio To Common Units | shares			1
IDR maximum percentage distribution			50.00%
IDR, Distribution in Excess | $ / shares			$ 0.345
Limited Partner [Member] | Public Unit Holders [Member]
Variable Interest Entity [Line Items]
Ownership percentage			55.80%		55.80%
Limited Partner [Member] | PBF LLC [Member]
Variable Interest Entity [Line Items]
Ownership percentage			44.20%		44.20%
Limited Partner [Member] | Common Units [Member] | PBF LLC [Member]
Variable Interest Entity [Line Items]
Partner capital units held (in shares) | shares			2,572,944
Limited Partner [Member] | Subordinated Units [Member] | PBF LLC [Member]
Variable Interest Entity [Line Items]
Partner capital units held (in shares) | shares			15,886,553
Partnership [Member] | PBF Logistics LP [Member]
Variable Interest Entity [Line Items]
Noncontrolling interest, ownership percentage						50.00%
Plains All American Pipeline, L.P. [Member] | PBF Logistics Products Terminals LLC [Member]
Variable Interest Entity [Line Items]
Number Of Refined Product Terminals Acquired | terminal		4
Payments to Acquire Property, Plant, and Equipment		$ 100,000
Paulsboro Refining Company LLC [Member] | Paulsboro Natural Gas Pipeline Company LLC [Member]
Variable Interest Entity [Line Items]
Intercompany Loans, Description	$ 11,600
Chalmette Refinery [Member] | PBFX Operating Company LLC [Member]
Variable Interest Entity [Line Items]
Term of Agreement	20 years

ACQUISITIONS Additional Informa

ACQUISITIONS Additional Information (Details) $ in Thousands	Jul. 01, 2016USD ($)refinery	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Jun. 30, 2016refinery
Business Acquisition [Line Items]
Number Of Operating Refineries | refinery	5			4
Proceeds from revolver borrowings		$ 200,000	$ 0
Revenues		4,754,473	2,800,185
Business Combination, Acquisition Related Costs		372	4,724
Maturities of marketable securities		$ 75,006	$ 689,860
T&M Terminal Company [Member] | Chalmette Refining [Member]
Business Acquisition [Line Items]
Noncontrolling interest, ownership percentage		80.00%
Torrance Refinery [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 521,350
Business Combination, Consideration Transferred	971,932
Business Combination, Estimated Inventory And Working Capital Acquire	$ 450,582

ACQUISITIONS (Purchase Price) (

ACQUISITIONS (Purchase Price) (Details) (Details) - Torrance Refinery [Member] $ in Thousands	Jul. 01, 2016USD ($)
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Initial Estimate	$ 537,500
Business Combination, Estimated Inventory And Working Capital Acquire	450,582
Business Combination, Consideration Transferred, Other	(16,150)
Business Combination, Consideration Transferred	$ 971,932

ACQUISITIONS (Assets and Liabil

ACQUISITIONS (Assets and Liabilities Acquired) (Details) - Torrance Refinery [Member] $ in Thousands	Jul. 01, 2016USD ($)
Business Acquisition [Line Items]
Inventories	$ 404,542
Prepaid expenses and other current assets	1,186
Property, plant and equipment	703,443
Deferred charges and other assets	68,053
Accounts payable	(2,688)
Accrued expenses	(64,137)
Other long-term liabilities	(138,467)
Fair value of net assets acquired	$ 971,932

ACQUISITIONS (Pro Forma Informa

ACQUISITIONS (Pro Forma Information) (Details) - Torrance Refinery [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)$ / shares
Business Acquisition [Line Items]
Pro forma revenues | $	$ 3,339,691
Pro forma net income attributable to PBF Energy Inc. | $	$ (87,709)
Class A Common Stock [Member]
Pro forma net income available to Class A common stock per share:
Basic (in shares) | $ / shares	$ (0.90)
Diluted (in shares) | $ / shares	$ (0.90)

EQUITY (Ownership Percentage) (

EQUITY (Ownership Percentage) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Nov. 01, 2015
Noncontrolling Interest [Line Items]
Percentage of ownership in PBF LLC	100.00%		100.00%
Shares, outstanding	113,507,567		113,124,949
Ownership percentage	100.00%		100.00%
Less: net income attributable to noncontrolling interests	$ 11,047	$ 6,052
Common Units [Member]
Noncontrolling Interest [Line Items]
Shares sold in public offering (in shares)	41,763,025		41,730,671
Public Unit Holders [Member] | Common Units [Member]
Noncontrolling Interest [Line Items]
Shares sold in public offering (in shares)	23,303,528		23,271,174
PBF Energy [Member] | Class A Common Stock [Member]
Noncontrolling Interest [Line Items]
Percentage of ownership in PBF LLC	96.60%		96.50%
Shares, outstanding	109,667,715		109,204,047
PBF LLC [Member] | Common Units [Member]
Noncontrolling Interest [Line Items]
Shares sold in public offering (in shares)	18,459,497		18,459,497
PBF LLC [Member] | Series A Units [Member]
Noncontrolling Interest [Line Items]
Percentage of ownership in PBF LLC	3.40%		3.50%
Shares, outstanding	3,839,852		3,920,902
Collins Pipeline Company And T&M Terminal Company [Member]
Noncontrolling Interest [Line Items]
Less: net income attributable to noncontrolling interests	$ 113	$ 303
Limited Partner [Member] | Public Unit Holders [Member]
Noncontrolling Interest [Line Items]
Ownership percentage	55.80%		55.80%
Limited Partner [Member] | PBF LLC [Member]
Noncontrolling Interest [Line Items]
Ownership percentage	44.20%		44.20%
Collins Pipeline Company [Member] | Chalmette Refining [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage				80.00%
T&M Terminal Company [Member] | Chalmette Refining [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage	80.00%

EQUITY (Allocation of Equity) (

EQUITY (Allocation of Equity) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period	$ 2,570,684	$ 2,095,857
Comprehensive income (loss)	(30,773)	(28,796)
Less: comprehensive income attributable to noncontrolling interests	11,057	6,082
Comprehensive income	(19,716)	(22,714)
Dividends and distributions	(44,766)	(37,523)
Equity-based compensation awards	6,025	3,350
Exercise of PBF LLC options and warrants, net		868
Stockholders' Equity, Other	(4)	(6,092)
Balance, end of period	2,512,223	2,033,746
PBF Energy [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period	2,025,044	1,647,297
Comprehensive income (loss)	(30,773)	(28,796)
Dividends and distributions	(32,900)	(29,342)
Equity-based compensation awards	5,345	2,621
Exercise of PBF LLC options and warrants, net		1,058
Stockholders' Equity, Other	0	(442)
Balance, end of period	1,966,716	1,592,396
Noncontrolling Interest - PBF LLC [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period	98,671	91,018
Less: comprehensive income attributable to noncontrolling interests	(1,846)	(2,714)
Dividends and distributions	(1,152)	(1,487)
Equity-based compensation awards	0	0
Exercise of PBF LLC options and warrants, net		(190)
Stockholders' Equity, Other	0	0
Balance, end of period	95,673	86,627
Noncontrolling Interest - PBF Holding [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period	12,513	17,225
Less: comprehensive income attributable to noncontrolling interests	113	303
Dividends and distributions	0	0
Equity-based compensation awards	0	0
Exercise of PBF LLC options and warrants, net		0
Stockholders' Equity, Other	0	(5,145)
Balance, end of period	12,626	12,383
Noncontrolling Interest - PBF Logistics LP [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period	434,456	340,317
Less: comprehensive income attributable to noncontrolling interests	12,790	8,493
Dividends and distributions	(10,714)	(6,694)
Equity-based compensation awards	680	729
Exercise of PBF LLC options and warrants, net		0
Stockholders' Equity, Other	(4)	(505)
Balance, end of period	$ 437,208	$ 342,340

EQUITY Noncontrolling Interest

EQUITY Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Noncontrolling Interest [Line Items]
Stockholders' Equity, Other	$ (4)	$ (6,092)
Ownership percentage	100.00%		100.00%
Less: net income attributable to noncontrolling interests	$ 11,047	6,052
Collins Pipeline Company And T&M Terminal Company [Member]
Noncontrolling Interest [Line Items]
Less: net income attributable to noncontrolling interests	113	303
Noncontrolling Interest - PBF Logistics LP [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity, Other	$ (4)	$ (505)
T&M Terminal Company [Member] | Chalmette Refining [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage	80.00%

EQUITY Schedule of stock by cla

EQUITY Schedule of stock by class (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016		Dec. 31, 2015	[1]
Class A Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares outstanding	109,667,715		109,204,047
Common Stock [Member] | Class A Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares outstanding	109,667,715	97,816,106	109,204,047	[1]	97,781,933
Stock Redeemed or Called During Period, Value	$ (382)	$ (4,784)
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures	383,000
Stock Issued During Period, Shares, Conversion of Convertible Securities	81,050	38,957
Treasury Stock [Member]
Class of Stock [Line Items]
Common stock, shares outstanding	6,088,345	6,061,503	6,087,963	[1]	6,056,719
Stock Redeemed or Called During Period, Value	$ 382	$ 4,784
[1]	(1) Includes shares repurchased from participants in connection with the vesting of equity awards granted under the Company’s stock compensation plans to cover employee income tax liabilities.

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017		Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Inventory [Line Items]
Crude oil and feedstocks	$ 1,333,336			$ 1,102,007
Refined products and blendstocks	1,272,490			1,267,861
Warehouse stock and other	92,159			89,680
Inventory, Gross	2,697,985			2,459,548
Lower of cost or market adjustment	(612,027)		$ 1,058,273	(595,988)	$ 1,117,336
Inventories	2,085,958			1,863,560
Income (loss) from operations	694	[1]	(5,424)
Net income (loss)	(20,030)		(23,336)
Titled Inventory [Member]
Inventory [Line Items]
Crude oil and feedstocks	1,333,336			1,102,007
Refined products and blendstocks	920,573			915,397
Warehouse stock and other	92,159			89,680
Inventory, Gross	2,346,068			2,107,084
Lower of cost or market adjustment	(513,090)			(492,415)
Inventories	1,832,978			1,614,669
Inventory Supply and Offtake Arrangements [Member]
Inventory [Line Items]
Crude oil and feedstocks	0			0
Refined products and blendstocks	351,917			352,464
Warehouse stock and other	0			0
Inventory, Gross	351,917			352,464
Lower of cost or market adjustment	(98,937)			(103,573)
Inventories	252,980			$ 248,891
Scenario, Adjustment [Member]
Inventory [Line Items]
Income (loss) from operations	(16,039)		59,063
Net income (loss)	$ (9,726)		$ 35,674
[1]	(1)The Logistics segment includes 100% of the income from operations of TVPC as TVPC is consolidated by PBFX. PBFX records net income attributable to noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records equity income in investee related to its 50% noncontrolling ownership interest in TVPC. For the purposes of the consolidated PBF Energy financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation. As the acquisition of PBFX’s 50% interest in TVPC was completed in the third quarter of 2016, there was no impact on comparative March 31, 2016 disclosures.

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Accrued Expenses:
Inventory-related accruals	$ 797,959	$ 810,027
Inventory intermediation arrangements	233,289	225,524
Accrued transportation costs	80,882	89,830
Refinery Operating Accruals	38,285	28,670
Excise and sales tax payable	98,524	86,046
Accrued utilities	35,563	44,190
Renewable energy credit and emissions obligations	182,328	70,158
Accrued interest	29,319	28,570
Accrued construction in progress	23,760	35,149
Accrued salaries and benefits	13,513	17,466
Customer deposits	21,758	9,215
Environmental liabilities	9,856	9,434
Other	51,239	13,405
Total accrued expenses	$ 1,616,275	$ 1,467,684

MARKETABLE SECURITIES (Details)

MARKETABLE SECURITIES (Details) - USD ($)	May 14, 2014	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Aug. 31, 2016
Payments to acquire marketable securities		$ 75,036,000	$ 690,000,000
Maturities of marketable securities		75,006,000	$ 689,860,000
Marketable securities - current (PBFX: $40,054 and $40,024, respectively)		$ 40,054,000		$ 40,024,000
PBF Logistics LP [Member] | US Treasury And Other Investments [Member]
Payments to acquire marketable securities	$ 300,000,000
Marketable securities, maturity range, start		1 month
Marketable securities, maturity range, maximum		3 months
Partnership [Member] | PBF Logistics LP [Member]
Noncontrolling interest, ownership percentage					50.00%

INCOME TAXES (Details)

INCOME TAXES (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)subsidiary	Mar. 31, 2016USD ($)	Dec. 31, 2016
Income Taxes [Line Items]
Percentage of ownership in PBF LLC	100.00%		100.00%
Number Of Subsidiaries Acquired | subsidiary	2
Current tax expense (benefit)	$ 473	$ (75,454)
Deferred tax expense (benefit)	(19,520)	52,954
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount [Abstract]
Total tax expense (benefit)	$ (19,047)	$ (22,500)
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Percent [Abstract]
Provision at Federal statutory rate, as a percent	35.00%	35.00%
State income taxes (net federal income tax), as a percent	4.40%	4.60%
Non deductible/nontaxable items, as a percent	0.20%	(0.30%)
Rate differential from foreign jurisdictions, as a percent	0.10%	0.70%
Other, as a percent	0.00%	3.30%
Effective tax rate	38.00%	43.30%
Noncontrolling interests, as a percent	48.70%	49.10%
Less: net income attributable to noncontrolling interests	$ 11,047	$ 6,052
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Percent	(1.70%)	0.00%
PBF Energy [Member] | Class A Common Stock [Member]
Income Taxes [Line Items]
Percentage of ownership in PBF LLC	96.60%		96.50%
Chalmette Refining [Member]
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount [Abstract]
Total tax expense (benefit)	$ 224	$ 799
PBF Energy Limited [Member]
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount [Abstract]
Total tax expense (benefit)	$ 210	$ 31,487

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) gallon in Millions

Mar. 10, 2017USD ($)

Feb. 14, 2017USD ($)

Jan. 24, 2017action

Jan. 13, 2017group

Oct. 13, 2016USD ($)

Jul. 01, 2016USD ($)

Mar. 03, 2014ppm

Mar. 01, 2011

Feb. 03, 2011USD ($)

Feb. 28, 2017USD ($)

Nov. 30, 2016

Mar. 31, 2017USD ($)ppmnotice

Dec. 31, 2014locationgallonshipment

Dec. 31, 2010ppm

Dec. 31, 2016USD ($)

Loss Contingencies [Line Items]

Percent of tax benefit received from increases in tax basis paid to stockholders

85.00%

Percentage of ownership in PBF LLC

100.00%

100.00%

Recognized liability for the tax receivable agreement

$ 611,392,000

$ 611,392,000

Number Of Days Barge Shipments Made

15 days

PBF Energy [Member] | Class A Common Stock [Member]

Loss Contingencies [Line Items]

Percentage of ownership in PBF LLC

96.60%

96.50%

Environmental Issue [Member]

Loss Contingencies [Line Items]

Environmental liability

$ 11,454,000

$ 10,792,000

Discount rate used for environmental liability assessment

8.00%

Maximum amount of sulfur allowed in heating oil (in ppm) | ppm

10

80

Loss Contingency, Number Of Enforcement Actions Taken | action

2

Loss Contingency, Number Of Environmental Groups Appealing Permits | group

2

Environmental Issue [Member] | PBF Energy and Valero [Member]

Loss Contingencies [Line Items]

Term of insurance policies

10 years

Environmental Issue [Member] | Sunoco, Inc. [Member]

Loss Contingencies [Line Items]

Loss Contingency Accrual, Insurance-Related Assessment, Expiration Of Liability Period

20 years

Environmental Issue [Member] | Torrance Refinery [Member]

Loss Contingencies [Line Items]

Environmental liability

$ 140,417,000

142,456,000

Term of insurance policies

10 years

Number Of Notices Of Violation | notice

1

Loss Contingency, Damages Sought, Value

$ 100,000

Environmental Issue [Member] | New York [Member]

Loss Contingencies [Line Items]

Maximum amount of sulfur allowed in heating oil (in ppm) | ppm

15

Environmental Issue [Member] | Pennsylvania [Member]

Loss Contingencies [Line Items]

Maximum amount of sulfur allowed in heating oil (in ppm) | ppm

500

Cellulosic Standard [Member]

Loss Contingencies [Line Items]

Renewable Fuels Standard Requirements Increase

135.00%

Advanced Renewable Identification Number Requirements [Member]

Loss Contingencies [Line Items]

Renewable Fuels Standard Requirements Increase

7.00%

Total Renewable Identification Number Requirements [Member]

Loss Contingencies [Line Items]

Renewable Fuels Standard Requirements Increase

3.00%

Chalmette Refinery [Member] | Environmental Issue [Member]

Loss Contingencies [Line Items]

Term of insurance policies

10 years

Environmental Costs Recognized, Recovery Credited to Expense

$ 3,936,000

Accrual For Environmental Loss Contingencies, Expected Payment Period

30 years

Environmental Insurance Policies Coverage

$ 100,000,000

Maximum [Member]

Loss Contingencies [Line Items]

Accrual For Environmental Loss Contingencies, Expected Future Payments

$ 250,000

Maximum [Member] | Environmental Issue [Member]

Loss Contingencies [Line Items]

Accrual For Environmental Loss Contingencies, Expected Payment Period

10 years

Maximum [Member] | Environmental Issue [Member] | Valero [Member]

Loss Contingencies [Line Items]

Site Contingency, Loss Exposure Not Accrued, Best Estimate

$ 20,000,000

Maximum [Member] | Environmental Issue [Member] | PBF Energy and Valero [Member]

Loss Contingencies [Line Items]

Site Contingency, Loss Exposure Not Accrued, Best Estimate

75,000,000

Maximum [Member] | Environmental Issue [Member] | Torrance Refinery [Member]

Loss Contingencies [Line Items]

Site Contingency, Loss Exposure Not Accrued, Best Estimate

$ 100,000,000

Plains Asset Purchase [Member] | Environmental Issue [Member]

Loss Contingencies [Line Items]

Environmental liability

$ 2,121,000

$ 2,173,000

Discount rate used for environmental liability assessment

1.83%

Environmental Protection Agency [Member]

Loss Contingencies [Line Items]

Payment Of Penalties

$ 550,000

Pending Litigation [Member] | Louisiana Department of Environmental Quality [Member] | Environmental Remediation Contingency [Domain]

Loss Contingencies [Line Items]

Loss Contingency, Damages Sought, Value

$ 700,000

Pending Litigation [Member] | DNREC [Member] | Environmental Remediation Contingency [Domain]

Loss Contingencies [Line Items]

Number Of Barge Shipments | shipment

17

Number Of Violated Locations | location

3

Number Of Gallons Of Crude Oil | gallon

35.7

Loss Contingency, Damages Sought, Value

$ 150,000

Pending Litigation [Member] | Clean Air Act [Member] | Environmental Remediation Contingency [Domain]

Loss Contingencies [Line Items]

Loss Contingency, Damages Sought, Value

$ 180,000

Pending Litigation [Member] | New Jersey Department Of Environmental Protection Vs. Paulsboro refinery [Member] | Environmental Remediation Contingency [Domain] | Paulsboro Refining Company LLC [Member]

Loss Contingencies [Line Items]

Loss Contingency, Damages Sought, Value

$ 313,000

Pending Litigation [Member] | New Jersey Department Of Environmental Protection Vs. Paulsboro refinery [Member] | Supplemental Environmental Project [Member] | Paulsboro Refining Company LLC [Member]

Loss Contingencies [Line Items]

Loss Contingency, Damages Sought, Value

153,000

Pending Litigation [Member] | New Jersey Department Of Environmental Protection Vs. Paulsboro refinery [Member] | Balance Payable Upon Unfavorable Regulatory Action [Member] | Paulsboro Refining Company LLC [Member]

Loss Contingencies [Line Items]

Loss Contingency, Damages Sought, Value

$ 160,000

DIVIDENDS AND DISTRIBUTIONS (De

DIVIDENDS AND DISTRIBUTIONS (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 13, 2017	Mar. 31, 2017	Mar. 31, 2016
Distribution Made to Member or Limited Partner [Line Items]
Dividends per common share (in dollars per share)		$ 0.30	$ 0.3
Class A Common Stock [Member]
Distribution Made to Member or Limited Partner [Line Items]
Aggregate amount of dividends paid	$ 32,900
PBF LLC [Member] | Cash Distribution [Member]
Distribution Made to Member or Limited Partner [Line Items]
Distributions paid		$ 32,900
PBF Energy [Member] | Class A Common Stock [Member]
Distribution Made to Member or Limited Partner [Line Items]
Dividends per common share (in dollars per share)	$ 0.30	$ 0.30
PBF Logistics LP [Member]
Distribution Made to Member or Limited Partner [Line Items]
Distribution made to partner (in dollars per share)	$ 0.45
PBF LLC [Member] | PBF Logistics LP [Member]
Distribution Made to Member or Limited Partner [Line Items]
Distribution made to partners	$ 9,572

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Pension Plan, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 10,143	$ 7,340
Interest cost	1,084	776
Expected return on plan assets	(1,442)	(1,106)
Amortization of prior service cost	13	13
Amortization of actuarial loss (gain)	113	194
Net periodic benefit cost	9,911	7,217
Post Retirement Medical Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	316	220
Interest cost	172	134
Amortization of prior service cost	161	109
Amortization of actuarial loss (gain)	0	0
Net periodic benefit cost	$ 649	$ 463

FAIR VALUE MEASUREMENTS (Measur

FAIR VALUE MEASUREMENTS (Measured on Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	$ 40,054	$ 40,024
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	40,054	40,024
Non-qualified pension plan assets	9,513	9,440
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Inventory Intermediation Agreement Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	29,182
Derivative assets, effect of counter-party netting	0
Derivative assets, net carrying value	29,182
Inventory Intermediation Agreement Obligation [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	0
Inventory Intermediation Agreement Obligation [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	29,182
Inventory Intermediation Agreement Obligation [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	0
Catalyst lease obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, effect of counter-party netting	0	0
Catalyst lease obligations	48,558	45,969
Catalyst lease obligations [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Catalyst lease obligations	0	0
Catalyst lease obligations [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Catalyst lease obligations	48,558	45,969
Catalyst lease obligations [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Catalyst lease obligations	0	0
Commodity contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	16,422	4,491
Derivative liability, effect of counter-party netting	(16,422)	(983)
Derivative Liability	0	3,508
Commodity contract [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	13,132
Derivative Liability		859
Commodity contract [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	3,290
Derivative Liability		3,548
Commodity contract [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0	84
Money market funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	30,663	342,837
Money market funds [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	30,663	342,837
Money market funds [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Money market funds [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Commodity contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	18,270	983
Derivative assets, effect of counter-party netting	(16,422)	(983)
Derivative assets, net carrying value	1,848	0
Commodity contract [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	17,980	948
Commodity contract [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	290	35
Commodity contract [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, net carrying value	$ 0	0
Inventory Intermediation Agreement Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value		6,058
Derivative assets, effect of counter-party netting		0
Derivative assets, net carrying value		6,058
Inventory Intermediation Agreement Obligation [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value		0
Inventory Intermediation Agreement Obligation [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value		6,058
Inventory Intermediation Agreement Obligation [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value		$ 0

FAIR VALUE MEASUREMENTS (Change

FAIR VALUE MEASUREMENTS (Change in Fair Value at Level 3) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Change in Fair Value Measurement Categorized in Level 3 [Roll Forward]
Transfers into Level 3	$ 0	$ 0
Commodity Contract [Member]
Change in Fair Value Measurement Categorized in Level 3 [Roll Forward]
Balance at beginning of period	(84,000)	3,543,000
Purchases	0	0
Settlements	45,000	(256,000)
Unrealized loss included in earnings	39,000	(1,372,000)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Balance at end of period	$ 0	$ 1,915,000

FAIR VALUE MEASUREMENTS (Fair V

FAIR VALUE MEASUREMENTS (Fair Value and Carrying Value of Debt) (Details) - USD ($)		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Transfers into Level 3		$ 0	$ 0
Long-term debt, Carrying value		2,142,305,000		$ 2,180,700,000
Long-term debt, Fair value		2,174,883,000		2,200,867,000
Current maturities, Carrying value		0		39,664,000
Current maturities, Fair value		0		39,664,000
Deferred financing costs, net		30,192,000		32,466,000
Long-term debt excluding current maturities, Carrying value		2,112,113,000		2,108,570,000
Long-term debt excluding current maturities, Fair value		2,174,883,000		2,161,203,000
Senior secured notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, Carrying value	[1]	671,189,000		670,867,000
Long-term debt, Fair value	[1]	692,332,000		696,098,000
2023 Senior Secured Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, Fair value	[1]	506,911,000		498,801,000
Long-term Debt, Gross	[1]	500,000,000		500,000,000
PBFX Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, Fair value	[1]	354,524,000		346,135,000
Catalyst lease obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, Carrying value	[2]	48,558,000		45,969,000
Long-term debt, Fair value	[2]	48,558,000		45,969,000
PBF Rail Logistics Company LLC [Member] | Notes Payable to Banks [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Gross	[3]	33,358,000
Line of Credit Facility, Amount Outstanding	[3]			35,000,000
Line of credit, Fair value	[3]	33,358,000		35,000,000
PBF Logistics LP [Member] | PBFX Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Gross	[1]	350,000,000		350,000,000
PBF Logistics LP [Member] | Notes Payable to Banks [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Gross	[3]	0
Line of Credit Facility, Amount Outstanding	[3]			39,664,000
Line of credit, Fair value	[3]	0		39,664,000
Revolving Credit Facility [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of Credit Facility, Amount Outstanding	[3]			350,000,000
Line of credit, Fair value	[3]	350,000,000		350,000,000
Revolving Credit Facility [Member] | Line of Credit [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of Credit Facility, Amount Outstanding	[3]	350,000,000
Revolving Credit Facility [Member] | PBF Logistics LP [Member] | Line of Credit [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of Credit Facility, Amount Outstanding	[3]	189,200,000		189,200,000
Line of credit, Fair value	[3]	$ 189,200,000		$ 189,200,000
[1]	The estimated fair value, categorized as a Level 2 measurement, was calculated based on the present value of future expected payments utilizing implied current market interest rates based on quoted prices of the Senior Secured Notes and the PBFX Senior Notes.
[2]	Catalyst leases are valued using a market approach based upon commodity prices for similar instruments quoted in active markets and are categorized as a Level 2 measurement. The Company has elected the fair value option for accounting for its catalyst lease repurchase obligations as the Company’s liability is directly impacted by the change in fair value of the underlying catalyst.
[3]	The estimated fair value approximates carrying value, categorized as a Level 2 measurement, as these borrowings bear interest based upon short-term floating market interest rates.

DERIVATIVES (Narrative) (Detail

DERIVATIVES (Narrative) (Details)	3 Months Ended
	Mar. 31, 2017USD ($)bbl	Mar. 31, 2016USD ($)	Dec. 31, 2016bbl
Derivative [Line Items]
Loss on fair value hedge ineffectiveness | $	$ 0	$ 0
Intermediates and Refined Products Inventory [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, notional amount, volume	0		0
Intermediates and Refined Products Inventory [Member] | Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, notional amount, volume	3,471,786		2,942,348
Crude Oil Commodity Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, notional amount, volume	14,845,000		5,950,000
Refined Product Commodity Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, notional amount, volume	6,714,000		2,831,000

DERIVATIVES (Fair Value of Deri

DERIVATIVES (Fair Value of Derivative Instruments) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Designated as Hedging Instrument [Member] | Inventory Intermediation Agreement Obligation [Member] | Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Fair Value Asset/(Liability)	$ 29,182	$ 6,058
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Accounts Receivable [Member]
Derivatives, Fair Value [Line Items]
Fair Value Asset/(Liability)	$ 1,848	$ 3,508

DERIVATIVES (Gain (Loss) Recogn

DERIVATIVES (Gain (Loss) Recognized in Income) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	$ 0	$ 0
Designated as Hedging Instrument [Member] | Inventory Intermediation Agreement Obligation [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) Recognized in Income on Derivatives	23,124,000	(35,146,000)
Designated as Hedging Instrument [Member] | Intermediates and Refined Products Inventory [Member] | Cost of Sales [Member] | Fair Value Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) Recognized in Income on Derivatives	(23,124,000)	35,146,000
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) Recognized in Income on Derivatives	$ 391,000	$ (19,953,000)

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details)		3 Months Ended
		Mar. 31, 2017USD ($)reportable_segmentsegment		Mar. 31, 2016USD ($)		Dec. 31, 2016USD ($)	Aug. 31, 2016USD ($)	Jul. 01, 2016refinery	Jun. 30, 2016refinery
Segment Reporting Information [Line Items]
Number of reportable segments | reportable_segment		2
Revenues		$ 4,754,473,000		$ 2,800,185,000
Depreciation and amortization expense		60,932,000		55,933,000
Income (loss) from operations		694,000	[1]	(5,424,000)
Interest expense, net		37,183,000		37,527,000
Capital expenditures (2)		188,944,000		145,739,000	[2]
Assets	[3]	$ 7,512,237,000				$ 7,621,927,000
Number Of Operating Refineries | refinery								5	4
Number of Operating Segments | segment		2
Refining Group [Member]
Segment Reporting Information [Line Items]
Revenues		$ 4,750,197,000		2,800,185,000
Depreciation and amortization expense		53,817,000		52,389,000
Income (loss) from operations		10,530,000	[1]	5,246,000
Interest expense, net		918,000		972,000
Capital expenditures (2)		167,216,000		138,913,000	[2]
Assets	[3]	6,295,641,000				6,419,950,000
PBF Logistics LP [Member]
Segment Reporting Information [Line Items]
Revenues		60,477,000		36,549,000
Depreciation and amortization expense		5,352,000		1,847,000
Income (loss) from operations		36,041,000	[1]	26,044,000
Interest expense, net		7,984,000		7,229,000
Capital expenditures (2)		19,467,000		1,126,000	[2]
Assets	[3]	749,696,000				756,861,000
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenues		0		0
Depreciation and amortization expense		1,763,000		1,697,000
Income (loss) from operations		(42,278,000)	[1]	(36,714,000)
Interest expense, net		28,281,000		29,326,000
Capital expenditures (2)		2,261,000		5,700,000	[2]
Assets	[3]	496,903,000				482,979,000
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues		(56,201,000)		(36,549,000)
Depreciation and amortization expense		0		0
Income (loss) from operations		(3,599,000)	[1]	0
Interest expense, net		0		0
Capital expenditures (2)		0		0	[2]
Assets	[3]	$ (30,003,000)				$ (37,863,000)
Chalmette Refining L.L.C. [Member] | Refining Group [Member]
Segment Reporting Information [Line Items]
Capital expenditures (2)				$ 2,659,000
Torrance Valley Pipeline Company LLC [Member]
Segment Reporting Information [Line Items]
Subsidiary, Consolidation Percentage		100.00%
Torrance Valley Pipeline Company LLC [Member] | PBFX [Member]
Segment Reporting Information [Line Items]
Noncontrolling Interest in Variable Interest Entity		$ 0.50					$ 0.50
[1]	(1)The Logistics segment includes 100% of the income from operations of TVPC as TVPC is consolidated by PBFX. PBFX records net income attributable to noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records equity income in investee related to its 50% noncontrolling ownership interest in TVPC. For the purposes of the consolidated PBF Energy financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation. As the acquisition of PBFX’s 50% interest in TVPC was completed in the third quarter of 2016, there was no impact on comparative March 31, 2016 disclosures.
[2]	The Refining segment includes capital expenditures of $2,659 for the working capital settlement related to the acquisition of the Chalmette refinery that was finalized in the first quarter of 2016.
[3]	(3)The Logistics segment includes 100% of the assets of TVPC as TVPC is consolidated by PBFX. PBFX records a noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records an equity investment in TVPC reflecting its noncontrolling ownership interest. For the purposes of the consolidated PBF Energy financial statements, PBFX’s noncontrolling interest in TVPC and PBF Holding’s equity investment in TVPC eliminate in consolidation.

NET INCOME (LOSS) PER SHARE O58

NET INCOME (LOSS) PER SHARE OF PBF ENERGY (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic		$ (271)	$ 0
Basic Earnings Per Share:
Numerator for basic net income per Class A common share-net income attributable to PBF Energy		$ (31,077)	$ (29,388)
Denominator for basic net income per Class A common share-weighted average shares (in shares)		108,760,374	97,809,384
Basic net income attributable to PBF Energy per Class A common share (in usd per share)		$ (0.29)	$ (0.30)
Diluted Earnings Per Share:
Net income attributable to PBF Energy		$ (31,077)	$ (29,388)
Plus: Net income attributable to noncontrolling interest		0	0
Less: Income tax on net income attributable to noncontrolling interest	[1]	0	0
Numerator for diluted net income per Class A common share	[1]	$ (31,348)	$ (29,388)
Denominator for basic net income per Class A common share-weighted average shares (in shares)		108,760,374	97,809,384
Effect of dilutive securities:
Conversion of PBF LLC Series A Units (1)	[1]	0	0
Effect of dilutive securities on common stock equivalents (in shares)	[2]	0	0
Denominator for diluted net income (loss) per common share-adjusted weighted average shares		108,760,374	97,809,384
Diluted net income attributable to PBF Energy per Class A common share (in usd per share)		$ (0.29)	$ (0.30)
Net Income (Loss) Available to Common Stockholders, Basic		$ (31,348)	$ (29,388)
Series A Units [Member]
Effect of dilutive securities:
Antidilutive common stock excluded from computation of dilutive earnings per share (in shares)		3,843,206	4,956,417
Stock Options [Member]
Effect of dilutive securities:
Antidilutive common stock excluded from computation of dilutive earnings per share (in shares)		7,364,616	4,945,360
[1]	The potential conversion of 3,843,206 and 4,956,417 PBF LLC Series A Units for the three months ended March 31, 2017 and 2016, respectively, were excluded from the denominator in computing diluted net income per share because including them would have had an antidilutive effect. As the PBF LLC Series A Units were not included, the numerator used in the calculation of diluted net income per share was equal to the numerator used in the calculation of basic net income per share and does not include the net income and related income tax expense associated with the potential conversion of the PBF LLC Series A Units.
[2]	Represents an adjustment to weighted-average diluted shares outstanding to assume the full exchange of common stock equivalents, including options and warrants for PBF LLC Series A Units and options for shares of PBF Energy Class A common stock as calculated under the treasury stock method (to the extent the impact of such exchange would not be anti-dilutive). Common stock equivalents excludes the effects of options and warrants to purchase 7,364,616 and 4,945,360 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the three months ended March 31, 2017 and 2016, respectively.

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event [Member]	May 04, 2017$ / shares
Class A Common Stock [Member]
Subsequent Event [Line Items]
Dividends declared (in dollars per share)	$ 0.30
PBF Logistics LP [Member]
Subsequent Event [Line Items]
Cash distribution (in dollars per share)	$ 0.46