PBF Energy (PBF) 10-Q 31 Oct 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	9 Months Ended
	Sep. 30, 2018	Oct. 29, 2018
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	Sep. 30, 2018
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,018
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		119,889,646
Class B common stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		20
PBF LLC [Member]
Entity Information [Line Items]
Entity Registrant Name	PBF ENERGY CO LLC
Entity Central Index Key	1,645,026
PBF LLC [Member] | Class A Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		0

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Sep. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents (PBFX: $18,022 and $19,664, respectively)		$ 1,059,200	$ 573,021
Accounts receivable		1,067,811	952,552
Inventories		2,561,106	2,213,797
Prepaid and other current assets		61,489	63,589
Total current assets		4,749,606	3,802,959
Property, plant and equipment, net (PBFX: $736,876 and $684,488, respectively)		3,597,266	3,479,213
Deferred tax assets		0	53,638
Deferred charges and other assets, net		868,538	782,183
Total assets	[1]	9,215,410	8,117,993
Current liabilities:
Accounts payable		483,127	578,551
Accrued expenses		2,151,131	1,814,854
Deferred revenue		13,154	8,933
Note payable		0	5,621
Current debt		1,242	10,987
Total current liabilities		2,648,654	2,418,946
Long-term debt (PBFX: $567,152 and $548,793, respectively)		2,175,889	2,175,042
Payable to related parties pursuant to Tax Receivable Agreement		381,260	362,142
Deferred tax liabilities		122,406	33,155
Other long-term liabilities		241,840	225,759
Total liabilities		5,570,049	5,215,044
Commitments and contingencies (Note 10)
Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares outstanding at September 30, 2018 and December 31, 2017		0	0
Treasury stock, at cost		(153,968)	(152,585)
Additional paid in capital		2,631,191	2,277,739
Retained earnings		615,540	236,786
Accumulated other comprehensive loss		(24,934)	(25,381)
Total PBF Energy Company LLC equity		3,067,934	2,336,654
Noncontrolling interest		577,427	566,295
Total equity		3,645,361	2,902,949
Total liabilities, Series B units and equity		9,215,410	8,117,993
Class A Common Stock [Member]
Current liabilities:
Common stock, issuance value		105	95
Class B common stock [Member]
Current liabilities:
Common stock, issuance value		0	0
PBF LLC [Member]
Current assets:
Cash and cash equivalents (PBFX: $18,022 and $19,664, respectively)		1,057,339	562,036
Accounts receivable		1,067,811	952,552
Inventories		2,561,106	2,213,797
Prepaid and other current assets		61,489	51,799
Total current assets		4,747,745	3,780,184
Property, plant and equipment, net (PBFX: $736,876 and $684,488, respectively)		3,597,266	3,479,213
Deferred charges and other assets, net		863,834	779,588
Total assets	[1]	9,208,845	8,038,985
Current liabilities:
Accounts payable		482,933	578,551
Accrued expenses		2,167,794	1,824,394
Deferred revenue		13,154	8,933
Note payable		0	5,621
Current debt		1,242	10,987
Total current liabilities		2,665,123	2,428,486
Long-term debt (PBFX: $567,152 and $548,793, respectively)		2,175,889	2,175,042
Affiliate note payable		326,115	292,844
Deferred tax liabilities		27,778	33,155
Other long-term liabilities		241,867	225,845
Total liabilities		5,436,772	5,155,372
Series B Units, 1,000,000 issued and outstanding, no par or stated value		5,110	5,110
Treasury stock, at cost		(153,968)	(152,585)
Retained earnings		1,464,930	906,875
Accumulated other comprehensive loss		(26,485)	(26,936)
Total PBF Energy Company LLC equity		3,307,464	2,422,411
Noncontrolling interest		459,499	456,092
Total equity		3,766,963	2,878,503
Total liabilities, Series B units and equity		9,208,845	8,038,985
PBF LLC [Member] | Series A Units [Member]
Current liabilities:
Common unit, issuance value		18,996	40,058
PBF LLC [Member] | Series C Units [Member]
Current liabilities:
Common unit, issuance value		$ 2,003,991	$ 1,654,999
[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 purposes of the Company’s condensed consolidated PBF Energy and PBF LLC financial statements, PBFX’s noncontrolling interest in TVPC and PBF Holding’s equity investment in TVPC eliminate in consolidation.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Cash and cash equivalents (PBFX: $22,009 and $19,664, respectively)	$ 1,059,200	$ 573,021
Property, plant and equipment, net (PBFX: $670,261 and $673,823, respectively)	3,597,266	3,479,213
Long-term debt (PBFX: $567,152 and $548,793, respectively)	$ 2,175,889	$ 2,175,042
Treasury stock, shares	6,172,428	6,132,884
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
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	119,951,719	110,565,531
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	20	25
PBF Logistics LP [Member]
Cash and cash equivalents (PBFX: $22,009 and $19,664, respectively)	$ 18,022	$ 19,664
Property, plant and equipment, net (PBFX: $670,261 and $673,823, respectively)	736,876	673,823
Long-term debt (PBFX: $567,152 and $548,793, respectively)	567,152	548,793
PBF LLC [Member]
Cash and cash equivalents (PBFX: $22,009 and $19,664, respectively)	1,057,339	562,036
Property, plant and equipment, net (PBFX: $670,261 and $673,823, respectively)	3,597,266	3,479,213
Long-term debt (PBFX: $567,152 and $548,793, respectively)	$ 2,175,889	$ 2,175,042
PBF LLC [Member] | Series B Units [Member]
Units Issued	1,000,000	1,000,000
Units Outstanding	1,000,000	1,000,000
PBF LLC [Member] | Series A Units [Member]
Units Issued	1,206,325	3,767,464
Units Outstanding	1,206,325	3,767,464
PBF LLC [Member] | Series C Units [Member]
Units Issued	119,972,950	110,586,762
Units Outstanding	119,972,950	110,586,762

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues		$ 7,646,360	$ 5,478,951	$ 20,893,219	$ 15,250,649
Revenues		7,646,360	5,478,951	20,893,219	15,250,649
Cost and expenses:
Cost of products and other		6,816,095	4,352,061	18,400,732	13,154,521
Operating expenses (excluding depreciation and amortization expense as reflected below)		424,331	402,823	1,268,161	1,266,879
Depreciation and amortization expense		90,732	75,948	263,753	197,800
Cost of sales		7,331,158	4,830,832	19,932,646	14,619,200
General and administrative expenses (excluding depreciation and amortization expense as reflected below)		69,920	58,259	191,418	143,147
Depreciation and amortization expense		2,594	2,572	7,871	10,355
(Gain) loss on sale of assets		(43,745)	28	(43,072)	940
Total cost and expenses		7,359,927	4,891,691	20,088,863	14,773,642
Income from operations	[1]	286,433	587,260	804,356	477,007
Other income (expense):
Change in tax receivable agreement		(7,763)	(565)	(7,763)	(565)
Change in fair value of catalyst leases		1,630	473	5,783	(1,011)
Debt extinguishment costs				300,456	97,943
Debt extinguishment costs		0	0	0	(25,451)
Interest expense, net		(42,289)	(36,990)	(128,935)	(114,871)
Other non-service components of net periodic benefit cost		278	(103)	833	(305)
Income before income taxes		253,815	551,205	689,800	335,934
Income tax expense		61,349	203,979	167,836	112,889
Net income		192,466	347,226	521,964	223,045
Less: net income attributable to noncontrolling interests		12,928	32,861	39,907	49,420
Less: net income attributable to noncontrolling interests		12,929	32,871	39,911	49,452
Net income attributable to PBF Energy Inc. stockholders		$ 179,538	$ 314,365	$ 482,057	$ 173,625
Weighted-average shares of Class A common stock outstanding
Basic (in shares)		117,029,486	109,724,595	113,597,970	109,634,921
Diluted (in shares)		120,405,315	113,882,240	117,375,170	113,791,542
Net income available to Class A common stock per share:
Basic (in dollars per share)		$ 1.53	$ 2.86	$ 4.24	$ 1.58
Diluted (in dollars per share)		1.50	2.85	4.16	1.57
Dividends per common share (in dollars per share)		$ 0.30	$ 0.30	$ 0.90	$ 0.90
PBF LLC [Member]
Revenues		$ 7,646,360	$ 5,478,951	$ 20,893,219	$ 15,250,649
Cost and expenses:
Cost of products and other		6,816,095	4,352,061	18,400,732	13,154,521
Operating expenses (excluding depreciation and amortization expense as reflected below)		424,331	402,823	1,268,161	1,266,879
Depreciation and amortization expense		90,732	75,948	263,753	197,800
Cost of sales		7,331,158	4,830,832	19,932,646	14,619,200
General and administrative expenses (excluding depreciation and amortization expense as reflected below)		69,594	58,211	190,399	142,991
Depreciation and amortization expense		2,594	2,572	7,871	10,355
(Gain) loss on sale of assets		(43,745)	28	(43,072)	940
Total cost and expenses		7,359,601	4,891,643	20,087,844	14,773,486
Income from operations	[1]	286,759	587,308	805,375	477,163
Other income (expense):
Change in fair value of catalyst leases		1,630	473	5,783	(1,011)
Debt extinguishment costs		0	0	0	(25,451)
Debt extinguishment costs				0	(25,451)
Interest expense, net		(44,473)	(38,893)	(135,116)	(120,910)
Other non-service components of net periodic benefit cost		278	(103)	833	(305)
Income before income taxes		244,194	548,785	676,875	329,486
Income tax expense		(719)	(4,292)	(5,403)	2,040
Net income		244,913	553,077	682,278	327,446
Less: net income attributable to noncontrolling interests		10,534	14,732	30,117	39,751
Net income attributable to PBF Energy Inc. stockholders		$ 234,379	$ 538,345	$ 652,161	$ 287,695
[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 purposes of the Company’s condensed consolidated financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Depreciation and amortization expense	$ 90,732	$ 75,948	$ 263,753	$ 197,800

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Net income	$ 192,466	$ 347,226	$ 521,964	$ 223,045
Other comprehensive income:
Unrealized (loss) gain on available for sale securities	(77)	(1)	(312)	69
Net gain on pension and other post-retirement benefits	254	288	763	862
Total other comprehensive income	177	287	451	931
Comprehensive income	192,643	347,513	522,415	223,976
Less: net income attributable to noncontrolling interests	12,929	32,871	39,911	49,452
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	179,714	314,642	482,504	174,524
PBF LLC [Member]
Net income	244,913	553,077	682,278	327,446
Other comprehensive income:
Unrealized (loss) gain on available for sale securities	(77)	(1)	(312)	69
Net gain on pension and other post-retirement benefits	254	288	763	862
Total other comprehensive income	177	287	451	931
Comprehensive income	245,090	553,364	682,729	328,377
Less: net income attributable to noncontrolling interests	10,534	14,732	30,117	39,751
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 234,556	$ 538,632	$ 652,612	$ 288,626

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Proceeds from Issuance of Common Stock	$ 287,284	$ 0
Cash flows from operating activities:
Net income	521,964	223,045
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	277,663	215,052
Stock-based compensation	18,608	18,064
Change in fair value of catalyst leases	(5,783)	1,011
Deferred income taxes	167,013	111,325
Increase (decrease) in tax receivable agreement liability	(7,763)	(565)
Non-cash change in inventory repurchase obligations	10,701	(26,659)
Non-cash lower of cost or market inventory adjustment	(300,456)	(97,943)
Debt extinguishment costs	0	25,451
Pension and other post-retirement benefit costs	35,536	31,682
(Gain) loss on sale of assets	(43,072)	940
Changes in operating assets and liabilities:
Accounts receivable	(115,259)	(155,838)
Inventories	(46,853)	(349,189)
Prepaid and other current assets	2,100	78,838
Accounts payable	(109,847)	(102,471)
Accrued expenses	318,848	415,862
Deferred revenue	4,221	(9,005)
Other assets and liabilities	(7,292)	(57,377)
Net cash provided by operating activities	720,329	322,223
Cash flows from investing activities:
Expenditures for property, plant and equipment	(192,152)	(267,151)
Expenditures for deferred turnaround costs	(201,029)	(341,598)
Expenditures for other assets	(16,946)	(31,096)
Purchase of marketable securities	0	(75,036)
Maturities of marketable securities	0	115,060
Proceeds from Sale of Productive Assets	48,290	0
Net cash used in investing activities	(419,837)	(609,918)
Cash flows from financing activities:
Distributions to PBF Energy Company LLC members other than PBF Energy	(1,724)	(3,448)
Distributions to PBFX public unit holders	(35,490)	(32,261)
Dividend payments	(103,015)	(98,723)
Proceeds from borrowings	0	490,000
Repayments of revolver borrowings	0	(490,000)
Repayment of note payable	(5,621)	0
Catalyst lease settlements	(9,466)	0
Proceeds from insurance premium financing	6,959	0
Deferred financing costs and other	(15,889)	(13,424)
Proceeds from stock options exercised	14,004	0
Purchase of treasury stock	1,383	0
Net cash provided by (used in) financing activities	185,687	(157,688)
Net increase (decrease) in cash and cash equivalents	486,179	(445,383)
Cash and equivalents, beginning of period	573,021	746,274
Cash and cash equivalents, end of period	1,059,200	300,891
Non-cash activities:
Accrued and unpaid capital expenditures	48,545	36,172
Note payable issued for purchase of property, plant and equipment	0	6,831
2025 Senior Notes [Member]
Cash flows from financing activities:
Proceeds from 2025 Senior Notes	0	725,000
PBFX Revolving Credit Facility [Member]
Cash flows from financing activities:
Proceeds from borrowings	64,000	0
Repayments of revolver borrowings	(43,700)	0
Term Loan [Member]
Cash flows from financing activities:
Repayments of debt	0	(39,664)
Rail Term Loan [Member]
Cash flows from financing activities:
Repayments of debt	(5,092)	(4,959)
2020 Senior Secured Notes [Member]
Cash flows from financing activities:
Repayments of debt	0	(690,209)
Toledo Terminal Acquisition [Member]
Cash flows from investing activities:
Acquisition costs	0	(10,097)
Knoxville Terminals Purchase [Member]
Cash flows from investing activities:
Acquisition costs	(58,000)	0
PBF Logistics LP [Member]
Proceeds from Issuance of Common Stock	34,820	0
PBF LLC [Member]
Proceeds from Issuance of Common Stock	287,284	0
Cash flows from operating activities:
Net income	682,278	327,446
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	277,663	215,052
Stock-based compensation	18,608	18,064
Change in fair value of catalyst leases	(5,783)	1,011
Deferred income taxes	(5,377)	641
Non-cash change in inventory repurchase obligations	10,701	(26,659)
Non-cash lower of cost or market inventory adjustment	(300,456)	(97,943)
Non-cash lower of cost or market inventory adjustment	0	25,451
Debt extinguishment costs	0	25,451
Pension and other post-retirement benefit costs	35,536	31,682
(Gain) loss on sale of assets	(43,072)	940
Changes in operating assets and liabilities:
Accounts receivable	(115,259)	(155,838)
Inventories	(46,853)	(349,189)
Prepaid and other current assets	(9,690)	(4,732)
Accounts payable	(110,041)	(102,441)
Accrued expenses	317,159	412,542
Deferred revenue	4,221	(9,005)
Other assets and liabilities	(10,534)	(57,377)
Net cash provided by operating activities	699,101	229,645
Cash flows from investing activities:
Expenditures for property, plant and equipment	(192,152)	(267,151)
Expenditures for deferred turnaround costs	(201,029)	(341,598)
Expenditures for other assets	(16,946)	(31,096)
Purchase of marketable securities	0	(75,036)
Maturities of marketable securities	0	115,060
Proceeds from Sale of Productive Assets	48,290	0
Net cash used in investing activities	(419,837)	(609,918)
Cash flows from financing activities:
Distributions to PBFX public unit holders	(35,490)	(32,261)
Dividend payments	(104,739)	(102,171)
Repayments of debt	0	(39,664)
Proceeds from borrowings	0	490,000
Repayments of revolver borrowings	0	(490,000)
Repayment of note payable	(5,621)	0
Catalyst lease settlements	(9,466)	0
Proceeds from insurance premium financing	6,959	0
Deferred financing costs and other	(15,889)	(13,424)
Proceeds from affiliate loan with PBF Energy Inc.	44,192	99,655
Proceeds from stock options exercised	164	0
Purchase of treasury stock	1,383	0
Net cash provided by (used in) financing activities	216,039	(58,033)
Net increase (decrease) in cash and cash equivalents	495,303	(438,306)
Cash and equivalents, beginning of period	562,036	734,962
Cash and cash equivalents, end of period	1,057,339	296,656
PBF LLC [Member] | 2025 Senior Notes [Member]
Cash flows from financing activities:
Proceeds from 2025 Senior Notes	0	725,000
PBF LLC [Member] | PBFX Revolving Credit Facility [Member]
Cash flows from financing activities:
Proceeds from borrowings	64,000	0
Repayments of revolver borrowings	(43,700)	0
PBF LLC [Member] | Rail Term Loan [Member]
Cash flows from financing activities:
Repayments of debt	(5,092)	(4,959)
PBF LLC [Member] | 2020 Senior Secured Notes [Member]
Cash flows from financing activities:
Repayments of debt	0	(690,209)
PBF LLC [Member] | Toledo Terminal Acquisition [Member]
Cash flows from investing activities:
Acquisition costs	0	(10,097)
PBF LLC [Member] | Knoxville Terminals Purchase [Member]
Cash flows from investing activities:
Acquisition costs	$ (58,000)	$ 0

DESCRIPTION OF THE BUSINESS AND

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2018
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. Discussions or areas of the Notes to Condensed Consolidated Financial Statements that either apply only to PBF Energy or PBF LLC are clearly noted in such footnotes. As of September 30, 2018 , PBF LLC also holds a 44.0% limited partner interest and all of the incentive distribution rights in PBF Logistics LP (“PBFX”), a publicly traded master limited partnership (refer to “Note 3 - PBF Logistics LP”). 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 unitholders other than PBF LLC. Collectively, PBF Energy and its consolidated subsidiaries, including PBF LLC, PBF Holding, PBF GP and PBFX are referred to hereinafter as the “Company” unless the context otherwise requires. As of September 30, 2018 , the Company owns 119,972,950 PBF LLC Series C Units and the Company’s current and former executive officers and directors and certain employees and others beneficially own 1,206,325 PBF LLC Series A Units. As of September 30, 2018 , the holders of the Company’s issued and outstanding shares of Class A common stock have 99.0% 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 1.0% 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 PBF Energy financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2017 and the PBF LLC financial statements for the year ended December 31, 2017 included in the Registration Statement on Form S-4 filed on March 13, 2018 by PBFX. The results of operations for the three and nine months ended September 30, 2018 are not necessarily indicative of the results to be expected for the full year. Torrance Land Sale During the three months ended September 30, 2018, the Company closed on a third party sale of a parcel of real property acquired as part of the Torrance Refinery, but not part of the refinery itself. The sale resulted in a gain of approximately $43,761 included within Gain on sale of assets within the Condensed Consolidated Statements of Operations. Recently Adopted Accounting Guidance In May 2014, the Financial Accounting Standard Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 (Topic 606) “Revenue from Contracts with Customers.” (“ASC 606”). ASC 606 supersedes the revenue recognition requirements in Accounting Standards Codification 605 “Revenue Recognition” (“ASC 605”), and requires entities to recognize revenue when control of the promised goods or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. The Company adopted ASC 606 as of January 1, 2018 using the modified retrospective transition method. See “Note 2 - Revenues” for further details. In March 2017, the FASB issued ASU No. 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 periodic 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 non-service 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. 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 adopted ASU 2017-07 effective January 1, 2018 and applied the new guidance retrospectively in the Condensed Consolidated Statements of Operations. Income and expense amounts related to non-service components of net periodic benefit cost, historically recorded within Operating expenses and General and administrative expenses, have been recorded within Other income (expense). For the three and nine months ended September 30, 2018 , the Company recorded income of $278 and $833 , respectively, related to non-service components of net periodic benefit cost. For the three and nine months ended September 30, 2017 , the Company recorded expense of $103 and $305 , respectively, related to non-service components of net periodic benefit cost. In May 2017, the FASB issued ASU No. 2017-09, “Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting” (“ASU 2017-09”), which provides guidance to increase clarity and reduce both diversity in practice and cost and complexity when applying the existing accounting guidance on changes to the terms or conditions of a share-based payment award. The amendments in ASU 2017-09 require an entity to account for the effects of a modification unless all the following are met: (i) the fair value of the modified award is the same as the fair value of the original award immediately before the original award is modified; (ii) the vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified; and (iii) the classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified. The guidance in ASU 2017-09 should be applied prospectively. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The Company’s adoption of this guidance did not materially impact its condensed consolidated financial statements. Recent Accounting Pronouncements 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. Additional ASUs have been issued subsequent to ASU 2016-02 to provide supplementary clarification and implementation guidance for leases related to, among other things, the application of certain practical expedients, the rate implicit in the lease, lessee reassessment of lease classification, lessor reassessment of lease term and purchase options, variable payments that depend on an index or rate and certain transition adjustments (collectively, the Company refers to ASU 2016-02 and these additional ASUs as the “Updated Lease Guidance”). The Updated Lease 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. The Updated Lease Guidance is effective for interim and annual periods beginning after December 15, 2018, and allows a modified retrospective approach to adoption. While early adoption is permitted, the Company will not early adopt the Updated Lease Guidance. The Company has established a working group to study the implementation of the Updated Lease Guidance and has instituted a task plan designed to meet the requirements and implementation deadline. The Company has also evaluated and purchased a lease software system, completed software design and configuration of the system, and substantially completed testing the implementation of the selected system. The working group continues to evaluate the impact of the Updated Lease Guidance on the Company’s consolidated financial statements and related disclosures and has designed and begun implementing business processes and controls to address the new guidance. While the assessment of this standard is ongoing, the Company has identified that the most significant impacts of the Updated Lease Guidance will be to bring nearly all leases, with the exception of certain short-term leases, on its balance sheet reflected as right of use assets and lease obligation liabilities as well as accelerating recognition of the interest expense component of financing leases. The new standard will also require additional disclosures for financing and operating leases. The Updated Lease Guidance allows for certain practical expedients, certain of which the Company has elected to adopt including, among others, the expedient to carry forward the classification of leases under current lease guidance once the Updated Lease Guidance becomes effective, the expedient to not include short-term leases on its balance sheet and to avail itself of the additional transition method whereby it will apply the Updated Lease Guidance on the effective date and recognize a cumulative-effect adjustment to opening retained earnings. In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities” (“ASU 2017-12”). The amendments in ASU 2017-12 more closely align the results of cash flow and fair value hedge accounting with risk management activities in the consolidated financial statements. The amendments expand the ability to hedge nonfinancial and financial risk components, reduce complexity in fair value hedges of interest rate risk, eliminate the requirement to separately measure and report hedge ineffectiveness, and eases certain hedge effectiveness assessment requirements. The guidance in ASU 2017-12 should be applied using a modified retrospective approach. The guidance in ASU 2017-12 also provides transition relief to make it easier for entities to apply certain amendments to existing hedges (including fair value hedges) where the hedge documentation needs to be modified. The presentation and disclosure requirements of ASU 2017-12 should be applied prospectively. The amendments in this ASU are effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods. While the Company is still evaluating the timing of adoption, it currently does not expect this guidance to have a material impact on its consolidated financial statements and related disclosures. In June 2018, the FASB issued ASU No. 2018-07, “Compensation - Stock Compensation (Topic 718): Targeted Improvements to Non-employee Share-Based Payment Accounting” (“ASU 2018-07”). ASU 2018-07 expands the scope of Topic 718, Compensation-Stock Compensation, to include share-based payment transactions for acquiring goods and services from nonemployees. As a result, nonemployee share-based transactions will be measured by estimating the fair value of the equity instruments at the grant date, taking into consideration the probability of satisfying performance conditions. In addition, ASU 2018-07 also clarifies that any share-based payment awards issued to customers should be evaluated under ASC 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods. Early adoption is permitted. The Company does not expect this guidance to have a material impact on its consolidated financial statements and related disclosures. In August 2018, the FASB issued ASU No. 2018-14, “Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20), to improve the effectiveness of disclosures in the notes to financial statements by facilitating clear communication of the information required by GAAP that is most important to users of each entity’s financial statements. The amendments in this ASU modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. Additionally, the amendments in this ASU remove disclosures that no longer are considered cost beneficial, clarify the specific requirements of disclosures, and add disclosure requirements identified as relevant. The amendments in this ASU are effective for fiscal years ending after December 15, 2020, for public business entities and for fiscal years ending after December 15, 2021, for all other entities. Early adoption is permitted for all entities. The Company is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures.

REVENUE (Notes)

REVENUE (Notes)	9 Months Ended
	Sep. 30, 2018
REVENUE [Abstract]
Revenue from Contract with Customer [Text Block]	2. REVENUES Adoption of Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers” Prior to January 1, 2018, the Company recognized revenue from customers when all of the following criteria were met: (i) persuasive evidence of an exchange arrangement existed, (ii) delivery had occurred or services had been rendered, (iii) the buyer’s price was fixed or determinable and (iv) collectability was reasonably assured. Amounts billed in advance of the period in which the service was rendered or product delivered were recorded as deferred revenue. Effective January 1, 2018, the Company adopted ASC 606. As a result, the Company has changed its accounting policy for the recognition of revenue from contracts with customers as detailed below. The Company adopted ASC 606 using the modified retrospective method, which has been applied for the three and nine months ended September 30, 2018 . The Company has applied ASC 606 only to those contracts that were not complete as of January 1, 2018. As such, the financial information for prior periods has not been adjusted and continues to be reported under ASC 605. The Company did not record a cumulative effect adjustment upon initially applying ASC 606 as there was not a significant impact upon adoption; however, the details of significant qualitative and quantitative disclosure changes upon implementing ASC 606 are detailed below. Revenue Recognition Revenues are recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. As described in “Note 15 - Segment Information”, the Company’s business consists of the Refining Segment and Logistics Segment. The following table provides information relating to the Company’s revenues for each product or group of similar products or services by segment for the periods presented. Three Months Ended September 30, 2018 2017 Refining Segment: Gasoline and distillates $ 6,227,509 $ 4,657,279 Feedstocks and other 552,156 192,817 Asphalt and blackoils 544,943 361,401 Chemicals 243,174 189,812 Lubricants 74,162 73,805 Total 7,641,944 5,475,114 Logistics Segment: Logistics 70,556 66,195 Total revenue prior to eliminations 7,712,500 5,541,309 Elimination of intercompany revenue (66,140 ) (62,358 ) Total Revenues $ 7,646,360 $ 5,478,951 Nine Months Ended September 30, 2018 2017 Refining Segment: Gasoline and distillates $ 17,563,586 $ 12,900,465 Asphalt and blackoils 1,251,007 834,260 Feedstocks and other 1,193,660 726,804 Chemicals 621,834 553,311 Lubricants 250,526 222,349 Total 20,880,613 15,237,189 Logistics Segment: Logistics 203,395 190,375 Total revenue prior to eliminations 21,084,008 15,427,564 Elimination of intercompany revenue (190,789 ) (176,915 ) Total Revenues $ 20,893,219 $ 15,250,649 The majority of the Company’s revenues are generated from the sale of refined petroleum products reported in the Refining segment. These revenues are largely based on the current spot (market) prices of the products sold, which represent consideration specifically allocable to the products being sold on a given day, and the Company recognizes those revenues upon delivery and transfer of title to the products to our customers. The time at which delivery and transfer of title occurs is the point when the Company’s control of the products is transferred to the Company’s customers and when its performance obligation to its customers is fulfilled. Delivery and transfer of title are specifically agreed to between the Company and customers within the contracts. The Refining segment also has contracts which contain fixed pricing, tiered pricing, minimum volume features with makeup periods, or other factors that have not materially been affected by ASC 606. Logistics segment revenue is generated by charging fees for crude oil and refined products terminaling, storing and pipeline services based on the greater of contractual minimum volume commitments, as applicable, or the delivery of actual volumes based on contractual rates applied to throughput or storage volumes. A majority of the Company’s logistics revenues are generated between intercompany transactions and are eliminated in consolidation. Deferred Revenues The Company records deferred revenues when cash payments are received or are due in advance of performance, including amounts which are refundable. Deferred revenue was $13,154 and $8,933 as of September 30, 2018 and December 31, 2017 , respectively. Fluctuations in the deferred revenue balance are primarily driven by the timing and extent of cash payments received or due in advance of satisfying the Company’s performance obligations. The Company’s payment terms vary by type and location of customers and the products offered. The period between invoicing and when payment is due is not significant (i.e. generally within two months). For certain products or services and customer types, the Company requires payment before the products or services are delivered to the customer. Significant Judgment and Practical Expedients For performance obligations related to sales of products, the Company has determined that customers are able to direct the use of, and obtain substantially all of the benefits from, the products at the point in time that the products are delivered. The Company has determined that the transfer of control upon delivery to the customer’s requested destination accurately depicts the transfer of goods. Upon the delivery of the products and transfer of control, the Company generally has the present right to payment and the customers bear the risks and rewards of ownership of the products. The Company has elected the practical expedient to not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which it has the right to invoice for services performed.

PBF LOGISITICS LP

PBF LOGISITICS LP	9 Months Ended
	Sep. 30, 2018
PBF LOGISTICS LP [Abstract]
PBF Logistics LP	PBF LOGISTICS LP PBFX is a fee-based, growth-oriented, publicly traded 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 its refineries, as well as for third party customers. As of September 30, 2018 , 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 and PBF LLC 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 September 30, 2018 , PBF LLC holds a 44.0% limited partner interest in PBFX consisting of 19,953,631 common units, with the remaining 56.0% limited partner interest held by public unitholders. 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. 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. Knoxville Terminals Purchase On April 16, 2018, PBFX completed the purchase of two refined product terminals located in Knoxville, Tennessee, which include product tanks, pipeline connections to the Colonial and Plantation pipeline systems and truck loading facilities (the “Knoxville Terminals”) from Cummins Terminals, Inc. (“Cummins”) for total cash consideration of $58,000 , excluding working capital adjustments (the “Knoxville Terminals Purchase”). The transaction was financed through a combination of cash on hand and borrowings under the PBFX Revolving Credit Facility. Registered Direct Offering On July 16, 2018, PBFX entered into a common unit purchase agreement with certain funds managed by Tortoise Capital Advisors, L.L.C. providing for the issuance and sale in a registered direct offering (the “Registered Direct Offering”) of an aggregate of 1,775,750 common units for gross proceeds of approximately $35,000 . The Registered Direct Offering closed on July 30, 2018.

EQUITY

EQUITY	9 Months Ended
	Sep. 30, 2018
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 September 30, 2018 and December 31, 2017 , PBF Energy’s equity interest in PBF LLC represented approximately 99.0% and 96.7% , 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 condensed 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 condensed 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 in PBF LLC as of September 30, 2018 and December 31, 2017 are calculated as follows: Holders of PBF LLC Series A Units Outstanding Shares of PBF Energy Class A Common Stock Total * December 31, 2017 3,767,464 110,565,531 114,332,995 3.3 % 96.7 % 100.0 % September 30, 2018 1,206,325 119,951,719 121,158,044 1.0 % 99.0 % 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 44.0% limited partner interest in PBFX and owns all of PBFX’s IDRs, with the remaining 56.0% limited partner interest owned by public common unitholders as of September 30, 2018 . 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 unitholders. Noncontrolling interest on the condensed consolidated statements of operations includes the portion of net income or loss attributable to the economic interest in PBFX held by the public common unitholders 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 unitholders of PBFX. The noncontrolling interest ownership percentages in PBFX as of September 30, 2018 and December 31, 2017 , are calculated as follows: Units of PBFX Held by the Public Units of PBFX Held by PBF LLC Total December 31, 2017 23,441,211 18,459,497 41,900,708 55.9 % 44.1 % 100.0 % September 30, 2018 25,393,565 19,953,631 45,347,196 56.0 % 44.0 % 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 September 30, 2018 and 2017 the Company recorded a noncontrolling interest in the earnings (loss) of these subsidiaries of $35 and $(6) , respectively. For the nine months ended September 30, 2018 and 2017 the Company recorded a noncontrolling interest in the earnings of these subsidiaries of $43 and $374 , respectively. Changes in Equity and Noncontrolling Interests On August 14, 2018, the Company completed a public offering of an aggregate of 6,000,000 shares of Class A common stock (the “August 2018 Equity Offering”) for net proceeds of $287,284 , after deducting underwriting discounts and commissions and other offering expenses. The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF Energy for the nine months ended September 30, 2018 and 2017 , respectively: PBF Energy Inc. Equity Noncontrolling Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2018 $ 2,336,654 $ 110,203 $ 10,808 $ 445,284 $ 2,902,949 Comprehensive income 482,504 9,794 43 30,074 522,415 Dividends and distributions (103,303 ) (1,724 ) — (36,466 ) (141,493 ) Effects of exchanges of PBF LLC Series A Units on deferred tax assets and liabilities and Tax Receivable Agreement obligation (2,756 ) — — — (2,756 ) Issuance of additional PBFX common units 28,564 — — 6,256 34,820 Equity-based compensation awards 14,059 — — 4,549 18,608 August 2018 Equity Offering 287,284 — — — 287,284 Exercise of PBF LLC and PBF Energy options and warrants, net 14,004 (345 ) — — 13,659 Other 10,924 — — (1,049 ) 9,875 Balance at September 30, 2018 $ 3,067,934 $ 117,928 $ 10,851 $ 448,648 $ 3,645,361 PBF Energy Inc. Equity Noncontrolling Noncontrolling Noncontrolling Total Equity Balance at January 1, 2017 $ 2,025,044 $ 98,671 $ 12,513 $ 434,456 $ 2,570,684 Comprehensive income 174,524 9,701 374 39,377 223,976 Dividends and distributions (98,723 ) (3,448 ) — (33,090 ) (135,261 ) Equity-based compensation awards 13,549 — — 4,515 18,064 Other (2,096 ) — — (5 ) (2,101 ) Balance at September 30, 2017 $ 2,112,298 $ 104,924 $ 12,887 $ 445,253 $ 2,675,362 The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF LLC for the nine months ended September 30, 2018 and 2017 , respectively: PBF Energy Company LLC Equity Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2018 $ 2,422,411 $ 10,808 $ 445,284 $ 2,878,503 Comprehensive income 652,612 43 30,074 682,729 Dividends and distributions (105,027 ) — (36,466 ) (141,493 ) Issuance of additional PBFX common units 28,564 — 6,256 34,820 Equity-based compensation awards 14,059 — 4,549 18,608 Exercise of PBF LLC options and warrants, net (3,760 ) — — (3,760 ) Issuance of Series C units in connection with the August 2018 Equity Offering 287,284 — — 287,284 Other 11,321 — (1,049 ) 10,272 Balance at September 30, 2018 $ 3,307,464 $ 10,851 $ 448,648 $ 3,766,963 PBF Energy Company LLC Equity Noncontrolling Noncontrolling Total Equity Balance at January 1, 2017 $ 2,040,851 $ 12,513 $ 434,456 $ 2,487,820 Comprehensive income 288,626 374 39,377 328,377 Dividends and distributions (102,171 ) — (33,090 ) (135,261 ) Equity-based compensation awards 13,549 — 4,515 18,064 Other (2,096 ) — (5 ) (2,101 ) Balance at September 30, 2017 $ 2,238,759 $ 12,887 $ 445,253 $ 2,696,899 Share Activity The following table presents the changes in PBF Energy Class A common stock and treasury stock outstanding: Nine Months Ended September 30, 2018 Year Ended December 31, 2017 Class A Common Stock Treasury Stock Class A Common Stock Treasury Stock Balance at beginning of period 110,565,531 6,132,884 109,204,047 6,087,963 Treasury stock purchases (1) (39,544 ) 39,544 — 44,921 Stock based compensation 35,811 — 702,404 — Exercise of options and warrants 691,286 — 462,500 — Exchange of PBF LLC Series A units for shares of Class A common stock 2,698,635 — 196,580 — August 2018 Equity Offering 6,000,000 — — — Balance at end of period 119,951,719 6,172,428 110,565,531 6,132,884 _____ (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. The following table presents the changes in PBF LLC Series A Units and Series C Units outstanding: Nine Months Ended September 30, 2018 Year Ended December 31, 2017 Series A Units Series C Units Series A Units Series C Units Balance at beginning of period 3,767,464 110,586,762 3,920,902 109,204,047 Exercise of Series A warrants and options 137,496 691,286 64,373 462,500 Exchange of Series A units for PBF Energy Class A common stock (2,698,635 ) 2,698,635 (196,580 ) 217,811 Grant of restricted shares — 35,811 — 702,404 Surrender of units for tax withholding — (39,544 ) — — Redemption of Series A units by PBF Energy — — (21,231 ) — August 2018 Equity Offering — 6,000,000 — — Balance at end of period 1,206,325 119,972,950 3,767,464 110,586,762 he following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF Energy for the nine months ended September 30, 2018 and 2017 , respectively: PBF Energy Inc. Equity Noncontrolling Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2018 $ 2,336,654 $ 110,203 $ 10,808 $ 445,284 $ 2,902,949 Comprehensive income 482,504 9,794 43 30,074 522,415 Dividends and distributions (103,303 ) (1,724 ) — (36,466 ) (141,493 ) Effects of exchanges of PBF LLC Series A Units on deferred tax assets and liabilities and Tax Receivable Agreement obligation (2,756 ) — — — (2,756 ) Issuance of additional PBFX common units 28,564 — — 6,256 34,820 Equity-based compensation awards 14,059 — — 4,549 18,608 August 2018 Equity Offering 287,284 — — — 287,284 Exercise of PBF LLC and PBF Energy options and warrants, net 14,004 (345 ) — — 13,659 Other 10,924 — — (1,049 ) 9,875 Balance at September 30, 2018 $ 3,067,934 $ 117,928 $ 10,851 $ 448,648 $ 3,645,361 PBF Energy Inc. Equity Noncontrolling Noncontrolling Noncontrolling Total Equity Balance at January 1, 2017 $ 2,025,044 $ 98,671 $ 12,513 $ 434,456 $ 2,570,684 Comprehensive income 174,524 9,701 374 39,377 223,976 Dividends and distributions (98,723 ) (3,448 ) — (33,090 ) (135,261 ) Equity-based compensation awards 13,549 — — 4,515 18,064 Other (2,096 ) — — (5 ) (2,101 ) Balance at September 30, 2017 $ 2,112,298 $ 104,924 $ 12,887 $ 445,253 $ 2,675,362

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2018
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following: September 30, 2018 Titled Inventory Inventory Intermediation Agreements Total Crude oil and feedstocks $ 1,055,654 $ — $ 1,055,654 Refined products and blendstocks 1,060,841 339,134 1,399,975 Warehouse stock and other 105,477 — 105,477 $ 2,221,972 $ 339,134 $ 2,561,106 Lower of cost or market adjustment — — — Total inventories $ 2,221,972 $ 339,134 $ 2,561,106 December 31, 2017 Titled Inventory Inventory Intermediation Agreements Total Crude oil and feedstocks $ 1,073,093 $ — $ 1,073,093 Refined products and blendstocks 1,030,817 311,477 1,342,294 Warehouse stock and other 98,866 — 98,866 $ 2,202,776 $ 311,477 $ 2,514,253 Lower of cost or market adjustment (232,652 ) (67,804 ) (300,456 ) Total inventories $ 1,970,124 $ 243,673 $ 2,213,797 Inventory under inventory intermediation agreements includes certain light finished products sold to counterparties and stored in the Paulsboro and Delaware City refineries’ storage facilities in connection with the amended and restated inventory intermediation agreements (as amended, the “Inventory Intermediation Agreements”) with J. Aron & Company, a subsidiary of The Goldman Sachs Group, Inc. (“J. Aron”). At September 30, 2018 the replacement value of inventories exceeded the LIFO carrying value by approximately $12,037 . During the three months ended September 30, 2018 , the Company recorded an adjustment to value its inventories to the lower of cost or market which increased operating income and net income by $54,801 and $40,328 , respectively, reflecting no lower of cost or market (“LCM”) reserve as of September 30, 2018 in comparison to an LCM reserve of $54,801 at June 30, 2018. During the nine months ended September 30, 2018 , the Company recorded an LCM inventory adjustment which increased operating income and net income by $300,456 and $221,106 , respectively, reflecting no LCM reserve as of September 30, 2018 in comparison to an LCM reserve of $300,456 at December 31, 2017 . During the three months ended September 30, 2017 , the Company recorded an adjustment to value its inventories to the lower of cost or market which increased operating income and net income by $265,077 and $160,743 , respectively, reflecting the net change in the LCM reserve from $763,122 at June 30, 2017 to $498,045 at September 30, 2017 . During the nine months ended September 30, 2017 , the Company recorded an LCM inventory adjustment which increased operating income and net income by $97,943 and $59,393 , respectively, reflecting the net change in the LCM reserve from $595,988 at December 31, 2016 to $498,045 at September 30, 2017 .

ACCRUED EXPENSES

ACCRUED EXPENSES	9 Months Ended
	Sep. 30, 2018
Payables and Accruals [Abstract]
ACCRUED EXPENSES	6. ACCRUED EXPENSES Accrued expenses consisted of the following: PBF Energy September 30, December 31, Inventory-related accruals $ 1,451,142 $ 1,151,810 Inventory intermediation agreements 254,022 244,287 Excise and sales tax payable 123,174 118,515 Accrued transportation costs 56,167 64,400 Accrued salaries and benefits 55,366 58,589 Accrued interest 43,395 14,080 Renewable energy credit and emissions obligations 32,753 26,231 Accrued utilities 32,371 42,189 Accrued capital expenditures 26,082 18,765 Accrued refinery maintenance and support costs 23,147 35,674 Customer deposits 20,583 16,133 Environmental liabilities 7,173 8,289 Other 25,756 15,892 Total accrued expenses $ 2,151,131 $ 1,814,854 PBF LLC September 30, December 31, Inventory-related accruals $ 1,451,142 $ 1,151,810 Inventory intermediation agreements 254,022 244,287 Excise and sales tax payable 123,174 118,515 Accrued interest 58,885 23,419 Accrued transportation costs 56,167 64,400 Accrued salaries and benefits 55,366 58,589 Renewable energy credit and emissions obligations 32,753 26,231 Accrued utilities 32,371 42,189 Accrued capital expenditures 26,082 18,765 Accrued refinery maintenance and support costs 23,147 35,674 Customer deposits 20,583 16,133 Environmental liabilities 7,173 8,289 Other 26,929 16,093 Total accrued expenses $ 2,167,794 $ 1,824,394 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 Inventory Intermediation Agreements with J. Aron. As of September 30, 2018 and December 31, 2017 , a liability is recognized for the Inventory Intermediation Agreements and is recorded at market price for the J. Aron owned inventory held in the Company’s storage tanks under the Inventory Intermediation Agreements, with any change in the market price being recorded in Cost of products and other. The Company is subject to obligations to purchase Renewable Identification Numbers (“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 Environmental Protection Agency (“EPA”). To the degree the Company is unable to blend the required amount of biofuels to satisfy its 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 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, including regulations in the state of California pursuant to Assembly Bill 32 (“AB32”), to address environmental compliance and greenhouse gas and other emissions. These requirements include incremental costs to operate and maintain our facilities as well as to implement and manage new emission controls and programs. Renewable energy credit and emissions obligations fluctuate with the volume of applicable product sales and timing of credit purchases. Early Return of Railcars On September 30, 2018, the Company agreed to voluntarily return a portion of railcars under an operating lease in order to rationalize certain components of its railcar fleet based on prevailing market conditions in the crude oil by rail market. Under the terms of the lease amendment, the Company will pay agreed amounts in lieu of satisfaction of return conditions (the “early termination penalty”) and will pay a reduced rental fee over the remaining term of the lease. Certain of these railcars are idle and the remaining railcars will be taken out of service during the fourth quarter of 2018 and subsequently fully returned to the lessor. As a result, the Company recognized an expense of $44,571 for the three months ended September 30, 2018 included within Cost of sales consisting of (i) a $40,313 charge for the early termination penalty and (ii) a $4,258 charge related to the remaining lease payments associated with the portion of railcars within the amended lease, that were idled and out of service as of September 30, 2018. The Company has recorded a liability within Inventory-related accruals (included within Accrued expenses) for $25,843 representing the amount of the early lease termination obligation expected to be paid within the next twelve months and a liability within Other long-term liabilities for $18,728 representing the remaining amount of the obligation.

AFFILIATE NOTE PAYABLE - PBF LL

AFFILIATE NOTE PAYABLE - PBF LLC (Notes)	9 Months Ended
	Sep. 30, 2018
AFFILIATE NOTE PAYABLE - PBF LLC [Abstract]
Affiliate Note Payable [Text Block]	. AFFILIATE NOTE PAYABLE - PBF LLC As of September 30, 2018 and December 31, 2017 , PBF LLC had an outstanding note payable with PBF Energy for an aggregate principal amount of $326,115 and $292,844 , respectively. The note has an interest rate of 2.5% and a 5 -year term but may be prepaid in whole or in part at any time, at the option of PBF LLC without penalty or premium.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2018
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 99.0% as of September 30, 2018 and approximately 96.7% as of December 31, 2017 ). 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 the two subsidiaries acquired in connection with the acquisition of Chalmette Refining and PBF Holding’s wholly-owned Canadian subsidiary, PBF Ltd, that are treated as C-Corporations for income tax purposes. The reported income tax expense in the PBF Energy condensed consolidated financial statements of operations consists of the following: Three Months Ended Nine Months Ended 2018 2017 2018 2017 Current income tax expense $ 71 $ 190 $ 823 $ 1,564 Deferred income tax expense 61,278 203,789 167,013 111,325 Total income tax expense $ 61,349 $ 203,979 $ 167,836 $ 112,889 Income tax expense is based on income before taxes attributable to PBF Energy and excludes income before taxes attributable to noncontrolling interests as such interests are generally not subject to income taxes except as noted above. The difference between PBF Energy’s effective income tax rate and the United States statutory rate is reconciled below: Three Months Ended Nine Months Ended 2018 2017 2018 2017 Provision at Federal statutory rate 21.0 % 35.0 % 21.0 % 35.0 % Increase (decrease) attributable to flow-through of certain tax adjustments: State income taxes (net of federal income tax) 5.6 % 4.5 % 5.9 % 4.3 % Nondeductible/nontaxable items (0.5 )% (0.2 )% (0.1 )% 0.2 % Rate differential from foreign jurisdictions (0.2 )% 0.3 % (0.2 )% (0.1 )% Provision to return adjustment — % (0.1 )% — % (0.2 )% Foreign tax rate change — % — % — % 0.3 % Other (0.4 )% (0.1 )% (0.8 )% (0.1 )% Effective tax rate 25.5 % 39.4 % 25.8 % 39.4 % PBF Energy’s effective income tax rate for the three and nine months ended September 30, 2018 , including the impact of income attributable to noncontrolling interests of $12,928 and $39,907 , respectively, was 24.2% and 24.3% , respectively. PBF Energy’s effective income tax rate for the three and nine months ended September 30, 2017 , including the impact of income attributable to noncontrolling interests of $32,861 and $49,420 , respectively, was 37.0% and 33.6% respectively. The decrease in effective tax rate when comparing the three and nine month periods ended September 30, 2018 to the three and nine month periods ended September 30, 2017 is primarily driven by the Tax Cuts and Jobs Act (“TCJA”), which was effective as of January 1, 2018. The TCJA significantly revised the U.S. tax code by, among other things, lowering the corporate income tax rate from 35.0% to 21.0% . In connection with the enactment of the TCJA, PBF Energy recorded a net tax expense of $20,153 in the year ending December 31, 2017. It is the Company’s expectation that the other legislative areas within TCJA, such as the Transition Tax and the Global Low-Taxed Intangible Income, will not have a material impact on the provision for income taxes. The reported income tax (benefit) expense in the PBF LLC condensed consolidated financial statements of operations consists of the following: Three Months Ended Nine Months Ended 2018 2017 2018 2017 Current income tax expense (benefit) $ 5 $ 190 $ (26 ) $ 1,399 Deferred income tax (benefit) expense (724 ) (4,482 ) (5,377 ) 641 Total income tax (benefit) expense $ (719 ) $ (4,292 ) $ (5,403 ) $ 2,040 The Company has determined there are no material uncertain tax positions as of September 30, 2018 . The Company does not have any unrecognized tax benefits.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2018
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 $11,253 recorded as of September 30, 2018 ( $10,282 as of December 31, 2017 ) 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. As of September 30, 2018 and December 31, 2017 , 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) 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 EPA. The estimated cost assumes remedial activities will continue for a minimum of thirty 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. 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 (the “Coastal Zone Board”) held a public hearing and dismissed the appeal, determining that the appellants did not have standing. The appellants filed an appeal of the Coastal Zone Board’s decision with the Delaware Superior Court (the “Superior Court”) on March 30, 2017. On January 19, 2018, the Superior Court rendered an Opinion regarding the decision of the Coastal Zone Board to dismiss the appeal of the Ethanol Permit for the ethanol project. The Judge determined that the record created by the Coastal Zone Board was insufficient for the Superior Court to make a decision, and therefore remanded the case back to the Coastal Zone Board to address the deficiency in the record. Specifically, the Superior Court directed the Coastal Zone Board to address any evidence concerning whether the appellants’ claimed injuries would be affected by the increased quantity of ethanol shipments. During the hearing before the Coastal Zone Board on standing, one of the appellants’ witnesses made a reference to the flammability of ethanol, without any indication of the significance of flammability/ explosivity to specific concerns. Moreover, the appellants did not introduce at hearing any evidence of the relative flammability of ethanol as compared to other materials shipped to and from the refinery. However, the sole dissenting opinion from the Coastal Zone Board focused on the flammability/explosivity issue, alleging that the appellants’ testimony raised the issue as a distinct basis for potential harms. Once the Board responds to the remand, it will go back to the Superior Court to complete its analysis and issue a decision. At the time the Company acquired the Toledo refinery, EPA had initiated an investigation into the compliance of the refinery with EPA standards governing flaring pursuant to Section 114 of the Clean Air Act. On February 1, 2013, EPA issued an Amended Notice of Violation, and on September 20, 2013, EPA issued a Notice of Violation and Finding of Violation to Toledo refinery, alleging certain violations of the Clean Air Act at its Plant 4 and Plant 9 flares since the acquisition of the refinery on March 1, 2011. Toledo refinery and EPA subsequently entered into tolling agreements pending settlement discussions. Although the resolution has not been finalized, the civil administrative penalty is anticipated to be approximately $645 including supplemental environmental projects. To the extent the administrative penalty exceeds such amount, it is not expected to be material to the Company. In connection with the acquisition of the Torrance refinery and related logistics assets, the Company assumed certain pre-existing environmental liabilities totaling $133,025 as of September 30, 2018 ( $136,487 as of December 31, 2017 ), related to certain environmental remediation obligations to address existing soil and groundwater contamination and monitoring activities 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 and the logistics assets, including specified incidents and/or notices of violations (“NOVs”) issued by regulatory agencies in various years before the Company’s ownership, including the Southern California Air Quality Management District (“SCAQMD”) and the Division of Occupational Safety and Health of the State of California (“Cal/OSHA”). In connection with the acquisition of the Torrance refinery and related logistics assets, the Company agreed to take responsibility for NOV No. P63405 that ExxonMobil had received from the SCAQMD for Title V deviations that are alleged to have occurred in 2015. On August 14, 2018, the Company received a letter from SCAQMD offering to settle this NOV for $515 . The Company is currently in communication with SCAQMD to resolve this NOV. Subsequent to the acquisition, further NOVs were issued by the SCAQMD, Cal/OSHA, the City of Torrance, the City of Torrance Fire Department, and the Los Angeles County Sanitation District related to alleged operational violations, emission discharges and/or flaring incidents at the refinery and the logistics assets both before and after the Company’s acquisition. EPA in November 2016 conducted a Risk Management Plan (“RMP”) inspection following the acquisition related to Torrance operations and issued preliminary findings in March 2017 concerning RMP potential operational violations. The Company is currently in communication with EPA to resolve the RMP preliminary findings. EPA and the California Department of Toxic Substances Control (“DTSC”) in December 2016 conducted a Resource Conservation and Recovery Act (“RCRA”) inspection following the acquisition related to Torrance operations and also issued in March 2017 preliminary findings concerning RCRA potential operational violations. In April 2017, EPA referred the RCRA preliminary findings to DTSC for final resolution. On March 1, 2018, the Company received a notice of intent to sue from Environmental Integrity Project, on behalf of Environment California, under RCRA with respect to the alleged violations from EPA’s and DTSC’s December 2016 inspection. On March 2, 2018, DTSC issued an order to correct alleged RCRA violations relating to the accumulation of oil bearing materials in roll off bins during 2016 and 2017. On June 14, 2018, the Torrance refinery and DTSC reached settlement regarding the oil bearing materials in the form of a stipulation and order, wherein the Torrance refinery agreed that it would recycle or properly dispose of the oil bearing materials by the end of 2018 and pay an administrative penalty of $150 . Following this settlement, in June 2018, DTSC referred the remaining alleged RCRA violations from EPA’s and DTSC’s December 2016 inspection to the California Attorney General for final resolution. The Torrance refinery and the California Attorney General are in discussions to resolve these remaining alleged RCRA violations. Other than the $150 DTSC administrative penalty, no other settlement or penalty demands have been received to date with respect to any of the other NOVs, preliminary findings, or order that are in excess of $100 . As the ultimate outcomes are uncertain, the Company cannot currently estimate the final amount or timing of their resolution but any such amount is not expected to have a material impact on the Company’s financial position, results of operations or cash flows, individually or in the aggregate. 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 ten 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 $1,629 recorded as of September 30, 2018 ( $1,923 as of December 31, 2017 ) 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. Applicable Federal and State Regulatory Requirements 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. 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. 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 refineries 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 Company is required to comply with the Renewable Fuel Standard (“RFS”) implemented by EPA, which sets annual quotas for the quantity of renewable fuels (such as ethanol) that must be blended into motor fuels consumed in the United States. In July 2018, EPA issued proposed amendments to the RFS program regulations that would establish annual percentage standards for cellulosic biofuel, biomass-based diesel, advanced biofuel, and renewable fuels that would apply to all gasoline and diesel produced in the U.S. or imported in the year 2019. In addition, the separate proposal includes a proposed biomass-based diesel applicable volume for 2020. It is likely that RIN production will continue to be lower than needed forcing obligated parties, such as the Company, to purchase cellulosic waiver credits or purchase excess RINs from suppliers on the open market. In addition, on December 1, 2015 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 was implemented prior to the deadline of January 30, 2018. The Company is in the process of implementing the requirements of this regulation. The regulation does not have a material impact on the Company’s financial position, results of operations or cash flows. 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 AB32. AB32 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, which was extended for an additional ten years to 2030 in July 2017. The Company is responsible for the AB32 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 (“SB32”) 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 AB32 or SB32 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. On February 15, 2017, the Company received a notification that EPA records indicated that PBF Holding used potentially invalid RINs that were in fact verified under 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 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 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. As of January 1, 2011, the Company is required to comply with EPA’s Control of Hazardous Air Pollutants From Mobile Sources, or MSAT2, regulations on gasoline that impose reductions in the benzene content of its produced gasoline. The Company purchases benzene credits to meet these requirements. The Company’s planned capital projects will reduce the amount of benzene credits that it needs to purchase. In addition, the renewable fuel standards mandate the blending of prescribed percentages of renewable fuels (e.g., ethanol and biofuels) into the Company’s produced gasoline and diesel. These new requirements, other requirements of the CAA and other presently existing or future environmental regulations may cause the Company to make substantial capital expenditures as well as the purchase of credits at significant cost, to enable its refineries to produce products that meet applicable requirements. The federal Comprehensive Environmental Response, Compensation and Liability Act of 1980 (“CERCLA”), also known as “Superfund,” imposes liability, without regard to fault or the legality of the original conduct, on certain classes of persons who are considered to be responsible for the release of a “hazardous substance” into the environment. These persons include the current or former owner or operator of the disposal site or sites where the release occurred and companies that disposed of or arranged for the disposal of the hazardous substances. Under CERCLA, such persons may be subject to joint and several liability for investigation and the costs of cleaning up the hazardous substances that have been released into the environment, for damages to natural resources and for the costs of certain health studies. As discussed more fully above, certain of the Company’s sites are subject to these laws and the Company may be held liable for investigation and remediation costs or claims for natural resource damages. It is not uncommon for neighboring landowners and other third parties to file claims for personal injury and property damage allegedly caused by hazardous substances or other pollutants released into the environment. Analogous state laws impose similar responsibilities and liabilities on responsible parties. In the Company’s current normal operations, it has generated waste, some of which falls within the statutory definition of a “hazardous substance” and some of which may have been disposed of at sites that may require cleanup under Superfund. 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 99.0% interest in PBF LLC as of September 30, 2018 ( 96.7% as of December 31, 2017 ). 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 September 30, 2018 , PBF Energy has recognized a liability for the Tax Receivable Agreement of $381,260 ( $362,142 as of December 31, 2017 ) reflecting the estimate of the undiscounted amounts that the Company expects to pay under the agreement.

DIVIDENDS AND DISTRIBUTIONS

DIVIDENDS AND DISTRIBUTIONS	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
DIVIDENDS AND DISTRIBUTIONS	DIVIDENDS AND DISTRIBUTIONS With respect to dividends and distributions paid during the nine months ended September 30, 2018 , PBF LLC made aggregate non-tax quarterly distributions of $104,739 , or $0.30 per unit to its members, of which $103,015 was distributed pro-rata to PBF Energy and the balance was distributed to its other members. PBF Energy used this $103,015 to pay quarterly cash dividends of $0.30 per share of Class A common stock on March 14, 2018, May 30, 2018 and August 30, 2018. With respect to distributions paid during the nine months ended September 30, 2018 , PBFX paid a distribution on outstanding common units of $0.485 per unit on March 14, 2018, $0.490 per unit on May 30, 2018 and $0.495 per unit on August 30, 2018, of which $36,981 was distributed to PBF LLC and the balance was distributed to its public unitholders.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	9 Months Ended
	Sep. 30, 2018
Defined Benefit Plan [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS The components of net periodic benefit cost related to the Company’s defined benefit plans consisted of the following: Three Months Ended Nine Months Ended Pension Benefits 2018 2017 2018 2017 Components of net periodic benefit cost: Service cost $ 11,836 $ 10,142 $ 35,508 $ 30,429 Interest cost 1,448 1,084 4,344 3,252 Expected return on plan assets (2,135 ) (1,441 ) (6,405 ) (4,325 ) Amortization of prior service cost 22 13 65 39 Amortization of actuarial loss 71 113 214 339 Net periodic benefit cost $ 11,242 $ 9,911 $ 33,726 $ 29,734 Three Months Ended Nine Months Ended Post-Retirement Medical Plan 2018 2017 2018 2017 Components of net periodic benefit cost: Service cost $ 287 $ 316 $ 861 $ 948 Interest cost 155 172 465 516 Amortization of prior service cost 161 162 484 484 Net periodic benefit cost $ 603 $ 650 $ 1,810 $ 1,948 The Company adopted ASU 2017-07 as described in “Note 1 - Description of the Business and Basis of Presentation” effective January 1, 2018. The new guidance requires the bifurcation of net periodic benefit cost. The service cost component is presented within Income from operations, while the other components are reported separately outside of operations. This guidance was applied retrospectively in the Condensed Consolidated Statements of Operations. For the three and nine months ended September 30, 2018 , the Company recorded income of $278 and $833 , respectively, related to the non-service components of net periodic benefit cost in Other income (expense). For the three and nine months ended September 30, 2017 , the Company recorded expense of $103 and $305 , respectively, related to the non-service components of net periodic benefit cost in Other income (expense).

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2018
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 September 30, 2018 and December 31, 2017 . 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 September 30, 2018 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 $ 396,998 $ — $ — $ 396,998 N/A $ 396,998 Commodity contracts 17,023 1,702 — 18,725 (18,725 ) — Liabilities: Commodity contracts 24,202 21,895 — 46,097 (18,725 ) 27,372 Catalyst lease obligations — 43,800 — 43,800 — 43,800 Derivatives included with inventory intermediation agreement obligations — 18,422 — 18,422 — 18,422 As of December 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 $ 4,730 $ — $ — $ 4,730 N/A $ 4,730 Commodity contracts 10,031 357 — 10,388 (10,388 ) — Liabilities: Commodity contracts 51,673 33,035 — 84,708 (10,388 ) 74,320 Catalyst lease obligations — 59,048 — 59,048 — 59,048 Derivatives included with inventory intermediation agreement obligations — 7,721 — 7,721 — 7,721 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. • 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 September 30, 2018 and December 31, 2017 , $9,427 and $9,593 , 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 Nine Months Ended 2018 2017 2018 2017 Balance at beginning of period $ — $ — $ — $ (84 ) Purchases — — — — Settlements — — — 45 Unrealized gain included in earnings — — — 39 Transfers into Level 3 — — — — Transfers out of Level 3 — — — — Balance at end of period $ — $ — $ — $ — There were no transfers between levels during the three and nine months ended September 30, 2018 or 2017 . Fair value of debt The table below summarizes the fair value and carrying value of debt as of September 30, 2018 and December 31, 2017 . September 30, 2018 December 31, 2017 Carrying value Fair value Carrying value Fair value 2025 Senior Notes (a) $ 725,000 $ 767,282 $ 725,000 $ 763,945 2023 Senior Notes (a) 500,000 522,798 500,000 522,101 PBFX 2023 Senior Notes (a) 527,962 539,494 528,374 544,118 PBF Rail Term Loan (b) 23,273 23,273 28,366 28,366 Catalyst leases (c) 43,800 43,800 59,048 59,048 PBFX Revolving Credit Facility (b) (d) 50,000 50,000 29,700 29,700 Revolving Credit Agreement (b) 350,000 350,000 350,000 350,000 2,220,035 2,296,647 2,220,488 2,297,278 Less - Current debt (c) (1,242 ) (1,242 ) (10,987 ) (10,987 ) Less - Unamortized deferred financing costs (42,904 ) n/a (34,459 ) n/a Long-term debt $ 2,175,889 $ 2,295,405 $ 2,175,042 $ 2,286,291 (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 7.00% senior notes due 2023, the 7.25% senior notes due 2025 (collectively with the senior notes due 2023, the “Senior Notes”), and the PBFX 6.875% senior notes due 2023 (the “PBFX 2023 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. During 2017, Delaware City Refining entered into two platinum bridge leases which were settled during the second quarter of 2018 and the Company entered into a new platinum bridge lease, which will expire in the first quarter of 2019. The total outstanding balance related to these bridge leases as of September 30, 2018 and December 31, 2017 was $1,242 and $10,987 , respectively, and is included in Current debt on the Company’s Condensed Consolidated balance sheet. (d) On October 1, 2018, PBFX borrowed $75,000 to fund the East Coast Storage Acquisition. Refer to “Note 17 - Subsequent Events” for more details.

DERIVATIVES

DERIVATIVES	9 Months Ended
	Sep. 30, 2018
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 September 30, 2018 , there were 2,966,904 barrels of intermediates and refined products ( 3,000,142 barrels at December 31, 2017 ) outstanding under these derivative instruments designated as fair value 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 September 30, 2018 , there were 11,126,000 barrels of crude oil and 3,097,000 barrels of refined products ( 22,348,000 and 1,989,000 , respectively, as of December 31, 2017 ), 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 September 30, 2018 and December 31, 2017 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: September 30, 2018: Derivatives included with the inventory intermediation agreement obligations Accrued expenses $ (18,422 ) December 31, 2017: Derivatives included with the inventory intermediation agreement obligations Accrued expenses $ (7,721 ) Derivatives not designated as hedging instruments: September 30, 2018: Commodity contracts Accrued expenses $ (27,372 ) December 31, 2017: Commodity contracts Accrued expenses $ (74,320 ) 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 statements of operations 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 September 30, 2018: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ (8,163 ) For the three months ended September 30, 2017: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ (29,766 ) For the nine months ended September 30, 2018: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ (10,701 ) For the nine months ended September 30, 2017: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ (26,659 ) Derivatives not designated as hedging instruments: For the three months ended September 30, 2018: Commodity contracts Cost of products and other $ (9,517 ) For the three months ended September 30, 2017: Commodity contracts Cost of products and other $ (17,291 ) For the nine months ended September 30, 2018: Commodity contracts Cost of products and other $ (55,877 ) For the nine months ended September 30, 2017: Commodity contracts Cost of products and other $ (2,606 ) Hedged items designated in fair value hedges: For the three months ended September 30, 2018: Intermediate and refined product inventory Cost of products and other $ 8,163 For the three months ended September 30, 2017: Intermediate and refined product inventory Cost of products and other $ 29,766 For the nine months ended September 30, 2018: Intermediate and refined product inventory Cost of products and other $ 10,701 For the nine months ended September 30, 2017: Intermediate and refined product inventory Cost of products and other $ 26,659 The Company had no ineffectiveness related to the fair value hedges for the three and nine months ended September 30, 2018 or 2017 .

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2018
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 Delaware City, Delaware, Paulsboro, New Jersey, Toledo, Ohio, 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’s Logistics segment is comprised of PBFX, a publicly traded master limited partnership, formed 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 primarily 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 and PBF LLC perspective, the Company’s chief operating decision maker evaluates the Logistics segment as a whole without regard to any of PBFX’s individual operating 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 and nine months ended September 30, 2018 and September 30, 2017 are presented below. In connection with the adoption of ASU 2017-07, the accompanying segment information has been retrospectively adjusted, for all periods presented, to reflect the reclassification of certain net periodic benefit costs from Operating expenses and General and administrative expenses to Other income (expense). PBF Energy Three Months Ended September 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 7,641,944 $ 70,556 $ — $ (66,140 ) $ 7,646,360 Depreciation and amortization expense 83,281 7,451 2,594 — 93,326 Income (loss) from operations (1) 321,370 37,577 (67,789 ) (4,725 ) 286,433 Interest expense, net 2,078 10,567 29,644 — 42,289 Capital expenditures 79,697 20,956 2,233 — 102,886 Three Months Ended September 30, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 5,475,114 $ 66,195 $ — $ (62,358 ) $ 5,478,951 Depreciation and amortization expense 70,192 5,756 2,572 — 78,520 Income (loss) from operations (1) 609,292 39,201 (57,434 ) (3,799 ) 587,260 Interest expense, net 1,180 7,748 28,062 — 36,990 Capital expenditures 165,179 15,536 562 — 181,277 Nine Months Ended September 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 20,880,613 $ 203,395 $ — $ (190,789 ) $ 20,893,219 Depreciation and amortization expense 242,568 21,185 7,871 — 271,624 Income (loss) from operations (1) 895,952 105,299 (183,785 ) (13,110 ) 804,356 Interest expense, net 6,509 30,940 91,486 — 128,935 Capital expenditures (2) 376,774 86,627 4,726 — 468,127 Nine Months Ended September 30, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 15,237,189 $ 190,375 $ — $ (176,915 ) $ 15,250,649 Depreciation and amortization expense 180,704 17,096 10,355 — 208,155 Income (loss) from operations (1) 521,015 107,765 (140,555 ) (11,218 ) 477,007 Interest expense, net 3,433 23,618 87,820 — 114,871 Capital expenditures (2) 574,871 72,100 2,971 — 649,942 Balance at September 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 8,369,215 $ 806,850 $ 72,799 $ (33,454 ) $ 9,215,410 Balance at December 31, 2017 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 7,287,384 $ 748,215 $ 123,211 $ (40,817 ) $ 8,117,993 PBF LLC Three Months Ended September 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 7,641,944 $ 70,556 $ — $ (66,140 ) $ 7,646,360 Depreciation and amortization expense 83,281 7,451 2,594 — 93,326 Income (loss) from operations (1) 321,370 37,577 (67,463 ) (4,725 ) 286,759 Interest expense, net 2,078 10,567 31,828 — 44,473 Capital expenditures 79,697 20,956 2,233 — 102,886 Three Months Ended September 30, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 5,475,114 $ 66,195 $ — $ (62,358 ) $ 5,478,951 Depreciation and amortization expense 70,192 5,756 2,572 — 78,520 Income (loss) from operations (1) 609,292 39,201 (57,386 ) (3,799 ) 587,308 Interest expense, net 1,180 7,748 29,965 — 38,893 Capital expenditures 165,179 15,536 562 — 181,277 Nine Months Ended September 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 20,880,613 $ 203,395 $ — $ (190,789 ) $ 20,893,219 Depreciation and amortization expense 242,568 21,185 7,871 — 271,624 Income (loss) from operations (1) 895,952 105,299 (182,766 ) (13,110 ) 805,375 Interest expense, net 6,509 30,940 97,667 — 135,116 Capital expenditures (2) 376,774 86,627 4,726 — 468,127 Nine Months Ended September 30, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 15,237,189 $ 190,375 $ — $ (176,915 ) $ 15,250,649 Depreciation and amortization expense 180,704 17,096 10,355 — 208,155 Income (loss) from operations (1) 521,015 107,765 (140,399 ) (11,218 ) 477,163 Interest expense, net 3,433 23,618 93,859 — 120,910 Capital expenditures (2) 574,871 72,100 2,971 — 649,942 Balance at September 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 8,369,215 $ 806,850 $ 66,234 $ (33,454 ) $ 9,208,845 Balance at December 31, 2017 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 7,287,384 $ 748,215 $ 44,203 $ (40,817 ) $ 8,038,985 (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 purposes of the Company’s condensed consolidated financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation. (2) The Logistics segment includes capital expenditures of $58,000 for the acquisition of the Knoxville Terminals by PBFX on April 16, 2018 and $10,097 for the acquisition of the Toledo Products Terminal by PBFX on April 17, 2017. (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 purposes of the Company’s condensed consolidated PBF Energy and PBF LLC financial statements, PBFX’s noncontrolling interest in TVPC and PBF Holding’s equity investment in TVPC eliminate in consolidation.

NET INCOME PER SHARE OF PBF ENE

NET INCOME PER SHARE OF PBF ENERGY	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
NET INCOME PER SHARE OF PBF ENERGY	NET INCOME 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 per share of Class A common stock using the two-class method. The following table sets forth the computation of basic and diluted net income per share of Class A common stock attributable to PBF Energy: Three Months Ended Nine Months Ended Basic Earnings Per Share: 2018 2017 2018 2017 Allocation of earnings: Net income attributable to PBF Energy Inc. stockholders $ 179,538 $ 314,365 $ 482,057 $ 173,625 Less: Income allocated to participating securities 194 272 592 811 Income available to PBF Energy Inc. stockholders - basic $ 179,344 $ 314,093 $ 481,465 $ 172,814 Denominator for basic net income per Class A common share - weighted average shares 117,029,486 109,724,595 113,597,970 109,634,921 Basic net income attributable to PBF Energy per Class A common share $ 1.53 $ 2.86 $ 4.24 $ 1.58 Diluted Earnings Per Share: Numerator: Income available to PBF Energy Inc. stockholders - basic $ 179,344 $ 314,093 $ 481,465 $ 172,814 Plus: Net income attributable to noncontrolling interest (1) 2,394 18,137 9,790 9,677 Less: Income tax expense on net income attributable to noncontrolling interest (1) (632 ) (7,139 ) (2,585 ) (3,809 ) Numerator for diluted net income per Class A common share - net income attributable to PBF Energy Inc. stockholders (1) $ 181,106 $ 325,091 $ 488,670 $ 178,682 Denominator: (1) Denominator for basic net income per Class A common share-weighted average shares 117,029,486 109,724,595 113,597,970 109,634,921 Effect of dilutive securities: Conversion of PBF LLC Series A Units 1,206,326 3,825,508 2,184,690 3,832,464 Common stock equivalents (2) 2,169,503 332,137 1,592,510 324,157 Denominator for diluted net income per Class A common share-adjusted weighted average shares 120,405,315 113,882,240 117,375,170 113,791,542 Diluted net income attributable to PBF Energy Inc. stockholders per Class A common share $ 1.50 $ 2.85 $ 4.16 $ 1.57 __________ (1) The diluted earnings per share calculation generally assumes the conversion of all outstanding PBF LLC Series A Units to Class A common stock of PBF Energy. The net income attributable to PBF Energy, used in the numerator of the diluted earnings per share calculation is adjusted to reflect the net income, as well as the corresponding income tax expense (based on a 26.4% estimated annualized statutory corporate tax rate for both the three and nine months ended September 30, 2018 and 39.4% estimated annualized statutory corporate tax rate for both the three and nine months ended September 30, 2017 ) attributable to the converted 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 exclude the effects of options and warrants to purchase 15,000 and 25,000 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the three and nine months ended September 30, 2018 , respectively. Common stock equivalents exclude the effects of options and warrants to purchase 6,484,650 and 6,554,650 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the three and nine months ended September 30, 2017 , respectively.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Dividend Declared On October 31, 2018 , PBF Energy announced a dividend of $0.30 per share on outstanding Class A common stock. The dividend is payable on November 30, 2018 to Class A common stockholders of record at the close of business on November 15, 2018 . PBFX Distributions On October 31, 2018 , the Board of Directors of PBF GP announced a distribution of $0.50 per unit on outstanding common units of PBFX. The distribution is payable on November 30, 2018 to PBFX unitholders of record at the close of business on November 15, 2018 . East Coast Storage Assets Acquisition On July 16, 2018, PBFX entered into an agreement with Crown Point International, LLC, formerly known as Axeon Specialty Products LLC, to purchase its wholly-owned subsidiary, CPI Operations LLC (the “East Coast Storage Assets Acquisition”) for total consideration of $107,000 , comprised of an initial payment at closing of $75,000 with the balance being payable one year after closing. The East Coast Storage Assets Acquisition closed on October 1, 2018.

DEBT (Notes)

DEBT (Notes)	9 Months Ended
	Sep. 30, 2018
Debt Instrument [Line Items]
Debt Disclosure [Text Block]	7. DEBT 2018 Revolving Credit Agreement On May 2, 2018, PBF Holding and certain of its wholly-owned subsidiaries, as borrowers or subsidiary guarantors, replaced its existing asset-based revolving credit agreement dated as of August 15, 2014 (the “August 2014 Revolving Credit Agreement”) with a new asset-based revolving credit agreement (the “2018 Revolving Credit Agreement"). The 2018 Revolving Credit Agreement has a maximum commitment of $3,400,000 , a maturity date of May 2023 and redefines certain components of the Borrowing Base (as defined in the credit agreement) to make more funding available for working capital and other general corporate purposes. Borrowings under the 2018 Revolving Credit Agreement bear interest at the Alternative Base Rate plus the Applicable Margin or at the Adjusted LIBOR Rate plus the Applicable Margin (all as defined in the credit agreement). The Applicable Margin ranges from 0.25% to 1.00% for Alternative Base Rate Loans and from 1.25% to 2.00% for Adjusted LIBOR Rate Loans, in each case depending on the Company’s corporate credit rating. In addition, an accordion feature allows for commitments of up to $3,500,000 . The LC Participation Fee ranges from 1.00% to 1.75% depending on the Company’s corporate credit rating and the Fronting Fee is capped at 0.25% . The 2018 Revolving Credit Agreement contains customary covenants and restrictions on the activities of PBF Holding and its subsidiaries, including, but not limited to, limitations on incurring additional indebtedness, liens, negative pledges, guarantees, investments, loans, asset sales, mergers, acquisitions and prepayment of other debt, distributions, dividends and the repurchase of capital stock, transactions with affiliates and the ability of PBF Holding to change the nature of its business or its fiscal year; all as defined in the credit agreement. In addition, the 2018 Revolving Credit Agreement has a financial covenant which requires that if at any time Excess Availability, as defined in the credit agreement, is less than the greater of (i) 10% of the lesser of the then existing Borrowing Base and the then aggregate Revolving Commitments of the Lenders (the “Financial Covenant Testing Amount”), and (ii) $100,000, and until such time as Excess Availability is greater than the Financial Covenant Testing Amount and $100,000 for a period of 12 or more consecutive days, PBF Holding will not permit the Consolidated Fixed Charge Coverage Ratio, as defined in the credit agreement and determined as of the last day of the most recently completed quarter, to be less than 1.0 to 1.0. At both September 30, 2018 and December 31, 2017 , there was $350,000 outstanding under the revolving credit agreements. PBFX Revolving Credit Facility On July 30, 2018, PBFX entered into an amended and restated credit facility (as amended, the “PBFX Revolving Credit Facility”). The PBFX Revolving Credit Facility has a maximum commitment available to PBFX of $500,000 and a maturity date of July 2023 that may be extended for one year on up to two occasions, subject to certain customary terms and conditions. PBFX has the ability to increase the maximum amount of the PBFX Revolving Credit Facility by an aggregate amount of up to $250,000 , or a total facility size of $750,000 , subject to receiving increased commitments from lenders or other financial institutions and satisfaction of certain conditions. The PBFX Revolving Credit Facility includes a $75,000 sublimit for standby letters of credit, a $25,000 sublimit for swingline loans and is guaranteed by a guaranty of collection from PBF LLC. Obligations under the PBFX Revolving Credit Facility are guaranteed by its restricted subsidiaries, and are secured by a first priority lien on PBFX’s assets and those of its restricted subsidiaries. Borrowings under the PBFX Revolving Credit Facility bear interest at the Alternative Base Rate plus the Applicable Margin or at the Adjusted LIBOR Rate plus an Applicable Margin (all as defined in the PBFX Revolving Credit Facility). The Applicable Margin ranges from 0.75% to 1.75% for Alternative Base Rate Loans and from 1.75% to 2.75% for Adjusted LIBOR Rate Loans, in each case depending on PBFX’s Consolidated Total Leverage Ratio, as defined in the PBFX Revolving Credit Facility. At September 30, 2018 and December 31, 2017 , there was $50,000 and $29,700 , respectively, outstanding under the PBFX revolving credit facilities.

DESCRIPTION OF THE BUSINESS A_2

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	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 PBF Energy financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2017 and the PBF LLC financial statements for the year ended December 31, 2017 included in the Registration Statement on Form S-4 filed on March 13, 2018 by PBFX. The results of operations for the three and nine months ended September 30, 2018 are not necessarily indicative of the results to be expected for the full year.
Recent Accounting Pronouncements	Recently Adopted Accounting Guidance In May 2014, the Financial Accounting Standard Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 (Topic 606) “Revenue from Contracts with Customers.” (“ASC 606”). ASC 606 supersedes the revenue recognition requirements in Accounting Standards Codification 605 “Revenue Recognition” (“ASC 605”), and requires entities to recognize revenue when control of the promised goods or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. The Company adopted ASC 606 as of January 1, 2018 using the modified retrospective transition method. See “Note 2 - Revenues” for further details. In March 2017, the FASB issued ASU No. 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 periodic 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 non-service 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. 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 adopted ASU 2017-07 effective January 1, 2018 and applied the new guidance retrospectively in the Condensed Consolidated Statements of Operations. Income and expense amounts related to non-service components of net periodic benefit cost, historically recorded within Operating expenses and General and administrative expenses, have been recorded within Other income (expense). For the three and nine months ended September 30, 2018 , the Company recorded income of $278 and $833 , respectively, related to non-service components of net periodic benefit cost. For the three and nine months ended September 30, 2017 , the Company recorded expense of $103 and $305 , respectively, related to non-service components of net periodic benefit cost. In May 2017, the FASB issued ASU No. 2017-09, “Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting” (“ASU 2017-09”), which provides guidance to increase clarity and reduce both diversity in practice and cost and complexity when applying the existing accounting guidance on changes to the terms or conditions of a share-based payment award. The amendments in ASU 2017-09 require an entity to account for the effects of a modification unless all the following are met: (i) the fair value of the modified award is the same as the fair value of the original award immediately before the original award is modified; (ii) the vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified; and (iii) the classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified. The guidance in ASU 2017-09 should be applied prospectively. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The Company’s adoption of this guidance did not materially impact its condensed consolidated financial statements. Recent Accounting Pronouncements 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. Additional ASUs have been issued subsequent to ASU 2016-02 to provide supplementary clarification and implementation guidance for leases related to, among other things, the application of certain practical expedients, the rate implicit in the lease, lessee reassessment of lease classification, lessor reassessment of lease term and purchase options, variable payments that depend on an index or rate and certain transition adjustments (collectively, the Company refers to ASU 2016-02 and these additional ASUs as the “Updated Lease Guidance”). The Updated Lease 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. The Updated Lease Guidance is effective for interim and annual periods beginning after December 15, 2018, and allows a modified retrospective approach to adoption. While early adoption is permitted, the Company will not early adopt the Updated Lease Guidance. The Company has established a working group to study the implementation of the Updated Lease Guidance and has instituted a task plan designed to meet the requirements and implementation deadline. The Company has also evaluated and purchased a lease software system, completed software design and configuration of the system, and substantially completed testing the implementation of the selected system. The working group continues to evaluate the impact of the Updated Lease Guidance on the Company’s consolidated financial statements and related disclosures and has designed and begun implementing business processes and controls to address the new guidance. While the assessment of this standard is ongoing, the Company has identified that the most significant impacts of the Updated Lease Guidance will be to bring nearly all leases, with the exception of certain short-term leases, on its balance sheet reflected as right of use assets and lease obligation liabilities as well as accelerating recognition of the interest expense component of financing leases. The new standard will also require additional disclosures for financing and operating leases. The Updated Lease Guidance allows for certain practical expedients, certain of which the Company has elected to adopt including, among others, the expedient to carry forward the classification of leases under current lease guidance once the Updated Lease Guidance becomes effective, the expedient to not include short-term leases on its balance sheet and to avail itself of the additional transition method whereby it will apply the Updated Lease Guidance on the effective date and recognize a cumulative-effect adjustment to opening retained earnings. In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities” (“ASU 2017-12”). The amendments in ASU 2017-12 more closely align the results of cash flow and fair value hedge accounting with risk management activities in the consolidated financial statements. The amendments expand the ability to hedge nonfinancial and financial risk components, reduce complexity in fair value hedges of interest rate risk, eliminate the requirement to separately measure and report hedge ineffectiveness, and eases certain hedge effectiveness assessment requirements. The guidance in ASU 2017-12 should be applied using a modified retrospective approach. The guidance in ASU 2017-12 also provides transition relief to make it easier for entities to apply certain amendments to existing hedges (including fair value hedges) where the hedge documentation needs to be modified. The presentation and disclosure requirements of ASU 2017-12 should be applied prospectively. The amendments in this ASU are effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods. While the Company is still evaluating the timing of adoption, it currently does not expect this guidance to have a material impact on its consolidated financial statements and related disclosures. In June 2018, the FASB issued ASU No. 2018-07, “Compensation - Stock Compensation (Topic 718): Targeted Improvements to Non-employee Share-Based Payment Accounting” (“ASU 2018-07”). ASU 2018-07 expands the scope of Topic 718, Compensation-Stock Compensation, to include share-based payment transactions for acquiring goods and services from nonemployees. As a result, nonemployee share-based transactions will be measured by estimating the fair value of the equity instruments at the grant date, taking into consideration the probability of satisfying performance conditions. In addition, ASU 2018-07 also clarifies that any share-based payment awards issued to customers should be evaluated under ASC 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods. Early adoption is permitted. The Company does not expect this guidance to have a material impact on its consolidated financial statements and related disclosures. In August 2018, the FASB issued ASU No. 2018-14, “Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20), to improve the effectiveness of disclosures in the notes to financial statements by facilitating clear communication of the information required by GAAP that is most important to users of each entity’s financial statements. The amendments in this ASU modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. Additionally, the amendments in this ASU remove disclosures that no longer are considered cost beneficial, clarify the specific requirements of disclosures, and add disclosure requirements identified as relevant. The amendments in this ASU are effective for fiscal years ending after December 15, 2020, for public business entities and for fiscal years ending after December 15, 2021, for all other entities. Early adoption is permitted for all entities. The Company is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures.

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Sep. 30, 2018
REVENUE [Abstract]
Revenue from External Customers by Products and Services [Table Text Block]	The following table provides information relating to the Company’s revenues for each product or group of similar products or services by segment for the periods presented. Three Months Ended September 30, 2018 2017 Refining Segment: Gasoline and distillates $ 6,227,509 $ 4,657,279 Feedstocks and other 552,156 192,817 Asphalt and blackoils 544,943 361,401 Chemicals 243,174 189,812 Lubricants 74,162 73,805 Total 7,641,944 5,475,114 Logistics Segment: Logistics 70,556 66,195 Total revenue prior to eliminations 7,712,500 5,541,309 Elimination of intercompany revenue (66,140 ) (62,358 ) Total Revenues $ 7,646,360 $ 5,478,951 Nine Months Ended September 30, 2018 2017 Refining Segment: Gasoline and distillates $ 17,563,586 $ 12,900,465 Asphalt and blackoils 1,251,007 834,260 Feedstocks and other 1,193,660 726,804 Chemicals 621,834 553,311 Lubricants 250,526 222,349 Total 20,880,613 15,237,189 Logistics Segment: Logistics 203,395 190,375 Total revenue prior to eliminations 21,084,008 15,427,564 Elimination of intercompany revenue (190,789 ) (176,915 ) Total Revenues $ 20,893,219 $ 15,250,649

EQUITY (Tables)

EQUITY (Tables)	9 Months Ended
	Sep. 30, 2018
Noncontrolling Interest [Line Items]
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 September 30, 2018 and December 31, 2017 , PBF Energy’s equity interest in PBF LLC represented approximately 99.0% and 96.7% , 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 condensed 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 condensed 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 in PBF LLC as of September 30, 2018 and December 31, 2017 are calculated as follows: Holders of PBF LLC Series A Units Outstanding Shares of PBF Energy Class A Common Stock Total * December 31, 2017 3,767,464 110,565,531 114,332,995 3.3 % 96.7 % 100.0 % September 30, 2018 1,206,325 119,951,719 121,158,044 1.0 % 99.0 % 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 44.0% limited partner interest in PBFX and owns all of PBFX’s IDRs, with the remaining 56.0% limited partner interest owned by public common unitholders as of September 30, 2018 . 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 unitholders. Noncontrolling interest on the condensed consolidated statements of operations includes the portion of net income or loss attributable to the economic interest in PBFX held by the public common unitholders 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 unitholders of PBFX. The noncontrolling interest ownership percentages in PBFX as of September 30, 2018 and December 31, 2017 , are calculated as follows: Units of PBFX Held by the Public Units of PBFX Held by PBF LLC Total December 31, 2017 23,441,211 18,459,497 41,900,708 55.9 % 44.1 % 100.0 % September 30, 2018 25,393,565 19,953,631 45,347,196 56.0 % 44.0 % 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 September 30, 2018 and 2017 the Company recorded a noncontrolling interest in the earnings (loss) of these subsidiaries of $35 and $(6) , respectively. For the nine months ended September 30, 2018 and 2017 the Company recorded a noncontrolling interest in the earnings of these subsidiaries of $43 and $374 , respectively. Changes in Equity and Noncontrolling Interests On August 14, 2018, the Company completed a public offering of an aggregate of 6,000,000 shares of Class A common stock (the “August 2018 Equity Offering”) for net proceeds of $287,284 , after deducting underwriting discounts and commissions and other offering expenses. The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF Energy for the nine months ended September 30, 2018 and 2017 , respectively: PBF Energy Inc. Equity Noncontrolling Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2018 $ 2,336,654 $ 110,203 $ 10,808 $ 445,284 $ 2,902,949 Comprehensive income 482,504 9,794 43 30,074 522,415 Dividends and distributions (103,303 ) (1,724 ) — (36,466 ) (141,493 ) Effects of exchanges of PBF LLC Series A Units on deferred tax assets and liabilities and Tax Receivable Agreement obligation (2,756 ) — — — (2,756 ) Issuance of additional PBFX common units 28,564 — — 6,256 34,820 Equity-based compensation awards 14,059 — — 4,549 18,608 August 2018 Equity Offering 287,284 — — — 287,284 Exercise of PBF LLC and PBF Energy options and warrants, net 14,004 (345 ) — — 13,659 Other 10,924 — — (1,049 ) 9,875 Balance at September 30, 2018 $ 3,067,934 $ 117,928 $ 10,851 $ 448,648 $ 3,645,361 PBF Energy Inc. Equity Noncontrolling Noncontrolling Noncontrolling Total Equity Balance at January 1, 2017 $ 2,025,044 $ 98,671 $ 12,513 $ 434,456 $ 2,570,684 Comprehensive income 174,524 9,701 374 39,377 223,976 Dividends and distributions (98,723 ) (3,448 ) — (33,090 ) (135,261 ) Equity-based compensation awards 13,549 — — 4,515 18,064 Other (2,096 ) — — (5 ) (2,101 ) Balance at September 30, 2017 $ 2,112,298 $ 104,924 $ 12,887 $ 445,253 $ 2,675,362 The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF LLC for the nine months ended September 30, 2018 and 2017 , respectively: PBF Energy Company LLC Equity Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2018 $ 2,422,411 $ 10,808 $ 445,284 $ 2,878,503 Comprehensive income 652,612 43 30,074 682,729 Dividends and distributions (105,027 ) — (36,466 ) (141,493 ) Issuance of additional PBFX common units 28,564 — 6,256 34,820 Equity-based compensation awards 14,059 — 4,549 18,608 Exercise of PBF LLC options and warrants, net (3,760 ) — — (3,760 ) Issuance of Series C units in connection with the August 2018 Equity Offering 287,284 — — 287,284 Other 11,321 — (1,049 ) 10,272 Balance at September 30, 2018 $ 3,307,464 $ 10,851 $ 448,648 $ 3,766,963 PBF Energy Company LLC Equity Noncontrolling Noncontrolling Total Equity Balance at January 1, 2017 $ 2,040,851 $ 12,513 $ 434,456 $ 2,487,820 Comprehensive income 288,626 374 39,377 328,377 Dividends and distributions (102,171 ) — (33,090 ) (135,261 ) Equity-based compensation awards 13,549 — 4,515 18,064 Other (2,096 ) — (5 ) (2,101 ) Balance at September 30, 2017 $ 2,238,759 $ 12,887 $ 445,253 $ 2,696,899 Share Activity The following table presents the changes in PBF Energy Class A common stock and treasury stock outstanding: Nine Months Ended September 30, 2018 Year Ended December 31, 2017 Class A Common Stock Treasury Stock Class A Common Stock Treasury Stock Balance at beginning of period 110,565,531 6,132,884 109,204,047 6,087,963 Treasury stock purchases (1) (39,544 ) 39,544 — 44,921 Stock based compensation 35,811 — 702,404 — Exercise of options and warrants 691,286 — 462,500 — Exchange of PBF LLC Series A units for shares of Class A common stock 2,698,635 — 196,580 — August 2018 Equity Offering 6,000,000 — — — Balance at end of period 119,951,719 6,172,428 110,565,531 6,132,884 _____ (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. The following table presents the changes in PBF LLC Series A Units and Series C Units outstanding: Nine Months Ended September 30, 2018 Year Ended December 31, 2017 Series A Units Series C Units Series A Units Series C Units Balance at beginning of period 3,767,464 110,586,762 3,920,902 109,204,047 Exercise of Series A warrants and options 137,496 691,286 64,373 462,500 Exchange of Series A units for PBF Energy Class A common stock (2,698,635 ) 2,698,635 (196,580 ) 217,811 Grant of restricted shares — 35,811 — 702,404 Surrender of units for tax withholding — (39,544 ) — — Redemption of Series A units by PBF Energy — — (21,231 ) — August 2018 Equity Offering — 6,000,000 — — Balance at end of period 1,206,325 119,972,950 3,767,464 110,586,762 he following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF Energy for the nine months ended September 30, 2018 and 2017 , respectively: PBF Energy Inc. Equity Noncontrolling Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2018 $ 2,336,654 $ 110,203 $ 10,808 $ 445,284 $ 2,902,949 Comprehensive income 482,504 9,794 43 30,074 522,415 Dividends and distributions (103,303 ) (1,724 ) — (36,466 ) (141,493 ) Effects of exchanges of PBF LLC Series A Units on deferred tax assets and liabilities and Tax Receivable Agreement obligation (2,756 ) — — — (2,756 ) Issuance of additional PBFX common units 28,564 — — 6,256 34,820 Equity-based compensation awards 14,059 — — 4,549 18,608 August 2018 Equity Offering 287,284 — — — 287,284 Exercise of PBF LLC and PBF Energy options and warrants, net 14,004 (345 ) — — 13,659 Other 10,924 — — (1,049 ) 9,875 Balance at September 30, 2018 $ 3,067,934 $ 117,928 $ 10,851 $ 448,648 $ 3,645,361 PBF Energy Inc. Equity Noncontrolling Noncontrolling Noncontrolling Total Equity Balance at January 1, 2017 $ 2,025,044 $ 98,671 $ 12,513 $ 434,456 $ 2,570,684 Comprehensive income 174,524 9,701 374 39,377 223,976 Dividends and distributions (98,723 ) (3,448 ) — (33,090 ) (135,261 ) Equity-based compensation awards 13,549 — — 4,515 18,064 Other (2,096 ) — — (5 ) (2,101 ) Balance at September 30, 2017 $ 2,112,298 $ 104,924 $ 12,887 $ 445,253 $ 2,675,362
Schedule of Stock by Class [Table Text Block]	Share Activity The following table presents the changes in PBF Energy Class A common stock and treasury stock outstanding: Nine Months Ended September 30, 2018 Year Ended December 31, 2017 Class A Common Stock Treasury Stock Class A Common Stock Treasury Stock Balance at beginning of period 110,565,531 6,132,884 109,204,047 6,087,963 Treasury stock purchases (1) (39,544 ) 39,544 — 44,921 Stock based compensation 35,811 — 702,404 — Exercise of options and warrants 691,286 — 462,500 — Exchange of PBF LLC Series A units for shares of Class A common stock 2,698,635 — 196,580 — August 2018 Equity Offering 6,000,000 — — — Balance at end of period 119,951,719 6,172,428 110,565,531 6,132,884 _____ (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 in PBF LLC as of September 30, 2018 and December 31, 2017 are calculated as follows: Holders of PBF LLC Series A Units Outstanding Shares of PBF Energy Class A Common Stock Total * December 31, 2017 3,767,464 110,565,531 114,332,995 3.3 % 96.7 % 100.0 % September 30, 2018 1,206,325 119,951,719 121,158,044 1.0 % 99.0 % 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. The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF LLC for the nine months ended September 30, 2018 and 2017 , respectively: PBF Energy Company LLC Equity Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2018 $ 2,422,411 $ 10,808 $ 445,284 $ 2,878,503 Comprehensive income 652,612 43 30,074 682,729 Dividends and distributions (105,027 ) — (36,466 ) (141,493 ) Issuance of additional PBFX common units 28,564 — 6,256 34,820 Equity-based compensation awards 14,059 — 4,549 18,608 Exercise of PBF LLC options and warrants, net (3,760 ) — — (3,760 ) Issuance of Series C units in connection with the August 2018 Equity Offering 287,284 — — 287,284 Other 11,321 — (1,049 ) 10,272 Balance at September 30, 2018 $ 3,307,464 $ 10,851 $ 448,648 $ 3,766,963 PBF Energy Company LLC Equity Noncontrolling Noncontrolling Total Equity Balance at January 1, 2017 $ 2,040,851 $ 12,513 $ 434,456 $ 2,487,820 Comprehensive income 288,626 374 39,377 328,377 Dividends and distributions (102,171 ) — (33,090 ) (135,261 ) Equity-based compensation awards 13,549 — 4,515 18,064 Other (2,096 ) — (5 ) (2,101 ) Balance at September 30, 2017 $ 2,238,759 $ 12,887 $ 445,253 $ 2,696,899
Schedule of Stock by Class [Table Text Block]	The following table presents the changes in PBF LLC Series A Units and Series C Units outstanding: Nine Months Ended September 30, 2018 Year Ended December 31, 2017 Series A Units Series C Units Series A Units Series C Units Balance at beginning of period 3,767,464 110,586,762 3,920,902 109,204,047 Exercise of Series A warrants and options 137,496 691,286 64,373 462,500 Exchange of Series A units for PBF Energy Class A common stock (2,698,635 ) 2,698,635 (196,580 ) 217,811 Grant of restricted shares — 35,811 — 702,404 Surrender of units for tax withholding — (39,544 ) — — Redemption of Series A units by PBF Energy — — (21,231 ) — August 2018 Equity Offering — 6,000,000 — — Balance at end of period 1,206,325 119,972,950 3,767,464 110,586,762
PBF Logistics LP [Member]
Noncontrolling Interest [Line Items]
The ownership percentage in PBF LLC	The noncontrolling interest ownership percentages in PBFX as of September 30, 2018 and December 31, 2017 , are calculated as follows: Units of PBFX Held by the Public Units of PBFX Held by PBF LLC Total December 31, 2017 23,441,211 18,459,497 41,900,708 55.9 % 44.1 % 100.0 % September 30, 2018 25,393,565 19,953,631 45,347,196 56.0 % 44.0 % 100.0 %

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2018
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories consisted of the following: September 30, 2018 Titled Inventory Inventory Intermediation Agreements Total Crude oil and feedstocks $ 1,055,654 $ — $ 1,055,654 Refined products and blendstocks 1,060,841 339,134 1,399,975 Warehouse stock and other 105,477 — 105,477 $ 2,221,972 $ 339,134 $ 2,561,106 Lower of cost or market adjustment — — — Total inventories $ 2,221,972 $ 339,134 $ 2,561,106 December 31, 2017 Titled Inventory Inventory Intermediation Agreements Total Crude oil and feedstocks $ 1,073,093 $ — $ 1,073,093 Refined products and blendstocks 1,030,817 311,477 1,342,294 Warehouse stock and other 98,866 — 98,866 $ 2,202,776 $ 311,477 $ 2,514,253 Lower of cost or market adjustment (232,652 ) (67,804 ) (300,456 ) Total inventories $ 1,970,124 $ 243,673 $ 2,213,797

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	9 Months Ended
	Sep. 30, 2018
Schedule of accrued expenses	Accrued expenses consisted of the following: PBF Energy September 30, December 31, Inventory-related accruals $ 1,451,142 $ 1,151,810 Inventory intermediation agreements 254,022 244,287 Excise and sales tax payable 123,174 118,515 Accrued transportation costs 56,167 64,400 Accrued salaries and benefits 55,366 58,589 Accrued interest 43,395 14,080 Renewable energy credit and emissions obligations 32,753 26,231 Accrued utilities 32,371 42,189 Accrued capital expenditures 26,082 18,765 Accrued refinery maintenance and support costs 23,147 35,674 Customer deposits 20,583 16,133 Environmental liabilities 7,173 8,289 Other 25,756 15,892 Total accrued expenses $ 2,151,131 $ 1,814,854
PBF LLC [Member]
Schedule of accrued expenses	PBF LLC September 30, December 31, Inventory-related accruals $ 1,451,142 $ 1,151,810 Inventory intermediation agreements 254,022 244,287 Excise and sales tax payable 123,174 118,515 Accrued interest 58,885 23,419 Accrued transportation costs 56,167 64,400 Accrued salaries and benefits 55,366 58,589 Renewable energy credit and emissions obligations 32,753 26,231 Accrued utilities 32,371 42,189 Accrued capital expenditures 26,082 18,765 Accrued refinery maintenance and support costs 23,147 35,674 Customer deposits 20,583 16,133 Environmental liabilities 7,173 8,289 Other 26,929 16,093 Total accrued expenses $ 2,167,794 $ 1,824,394

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2018
Summary of the income tax provision	The reported income tax expense in the PBF Energy condensed consolidated financial statements of operations consists of the following: Three Months Ended Nine Months Ended 2018 2017 2018 2017 Current income tax expense $ 71 $ 190 $ 823 $ 1,564 Deferred income tax expense 61,278 203,789 167,013 111,325 Total income tax expense $ 61,349 $ 203,979 $ 167,836 $ 112,889
Schedule of effective income tax rate reconciliation	The difference between PBF Energy’s effective income tax rate and the United States statutory rate is reconciled below: Three Months Ended Nine Months Ended 2018 2017 2018 2017 Provision at Federal statutory rate 21.0 % 35.0 % 21.0 % 35.0 % Increase (decrease) attributable to flow-through of certain tax adjustments: State income taxes (net of federal income tax) 5.6 % 4.5 % 5.9 % 4.3 % Nondeductible/nontaxable items (0.5 )% (0.2 )% (0.1 )% 0.2 % Rate differential from foreign jurisdictions (0.2 )% 0.3 % (0.2 )% (0.1 )% Provision to return adjustment — % (0.1 )% — % (0.2 )% Foreign tax rate change — % — % — % 0.3 % Other (0.4 )% (0.1 )% (0.8 )% (0.1 )% Effective tax rate 25.5 % 39.4 % 25.8 % 39.4 %
PBF LLC [Member]
Summary of the income tax provision	The reported income tax (benefit) expense in the PBF LLC condensed consolidated financial statements of operations consists of the following: Three Months Ended Nine Months Ended 2018 2017 2018 2017 Current income tax expense (benefit) $ 5 $ 190 $ (26 ) $ 1,399 Deferred income tax (benefit) expense (724 ) (4,482 ) (5,377 ) 641 Total income tax (benefit) expense $ (719 ) $ (4,292 ) $ (5,403 ) $ 2,040 The Company has determined there are no material uncertain tax positions as of September 30, 2018 . The Company does not have any unrecognized tax benefits.

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	9 Months Ended
	Sep. 30, 2018
Defined Benefit Plan [Abstract]
Schedule of net periodic benefit cost	Three Months Ended Nine Months Ended Pension Benefits 2018 2017 2018 2017 Components of net periodic benefit cost: Service cost $ 11,836 $ 10,142 $ 35,508 $ 30,429 Interest cost 1,448 1,084 4,344 3,252 Expected return on plan assets (2,135 ) (1,441 ) (6,405 ) (4,325 ) Amortization of prior service cost 22 13 65 39 Amortization of actuarial loss 71 113 214 339 Net periodic benefit cost $ 11,242 $ 9,911 $ 33,726 $ 29,734 Three Months Ended Nine Months Ended Post-Retirement Medical Plan 2018 2017 2018 2017 Components of net periodic benefit cost: Service cost $ 287 $ 316 $ 861 $ 948 Interest cost 155 172 465 516 Amortization of prior service cost 161 162 484 484 Net periodic benefit cost $ 603 $ 650 $ 1,810 $ 1,948

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2018
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 September 30, 2018 and December 31, 2017 . 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 September 30, 2018 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 $ 396,998 $ — $ — $ 396,998 N/A $ 396,998 Commodity contracts 17,023 1,702 — 18,725 (18,725 ) — Liabilities: Commodity contracts 24,202 21,895 — 46,097 (18,725 ) 27,372 Catalyst lease obligations — 43,800 — 43,800 — 43,800 Derivatives included with inventory intermediation agreement obligations — 18,422 — 18,422 — 18,422 As of December 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 $ 4,730 $ — $ — $ 4,730 N/A $ 4,730 Commodity contracts 10,031 357 — 10,388 (10,388 ) — Liabilities: Commodity contracts 51,673 33,035 — 84,708 (10,388 ) 74,320 Catalyst lease obligations — 59,048 — 59,048 — 59,048 Derivatives included with inventory intermediation agreement obligations — 7,721 — 7,721 — 7,721
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 Nine Months Ended 2018 2017 2018 2017 Balance at beginning of period $ — $ — $ — $ (84 ) Purchases — — — — Settlements — — — 45 Unrealized gain included in earnings — — — 39 Transfers into Level 3 — — — — Transfers out of Level 3 — — — — Balance at end of period $ — $ — $ — $ —
Schedule of Fair value of Debt	The table below summarizes the fair value and carrying value of debt as of September 30, 2018 and December 31, 2017 . September 30, 2018 December 31, 2017 Carrying value Fair value Carrying value Fair value 2025 Senior Notes (a) $ 725,000 $ 767,282 $ 725,000 $ 763,945 2023 Senior Notes (a) 500,000 522,798 500,000 522,101 PBFX 2023 Senior Notes (a) 527,962 539,494 528,374 544,118 PBF Rail Term Loan (b) 23,273 23,273 28,366 28,366 Catalyst leases (c) 43,800 43,800 59,048 59,048 PBFX Revolving Credit Facility (b) (d) 50,000 50,000 29,700 29,700 Revolving Credit Agreement (b) 350,000 350,000 350,000 350,000 2,220,035 2,296,647 2,220,488 2,297,278 Less - Current debt (c) (1,242 ) (1,242 ) (10,987 ) (10,987 ) Less - Unamortized deferred financing costs (42,904 ) n/a (34,459 ) n/a Long-term debt $ 2,175,889 $ 2,295,405 $ 2,175,042 $ 2,286,291 (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 7.00% senior notes due 2023, the 7.25% senior notes due 2025 (collectively with the senior notes due 2023, the “Senior Notes”), and the PBFX 6.875% senior notes due 2023 (the “PBFX 2023 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)	9 Months Ended
	Sep. 30, 2018
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 September 30, 2018 and December 31, 2017 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: September 30, 2018: Derivatives included with the inventory intermediation agreement obligations Accrued expenses $ (18,422 ) December 31, 2017: Derivatives included with the inventory intermediation agreement obligations Accrued expenses $ (7,721 ) Derivatives not designated as hedging instruments: September 30, 2018: Commodity contracts Accrued expenses $ (27,372 ) December 31, 2017: Commodity contracts Accrued expenses $ (74,320 )
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 statements of operations 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 September 30, 2018: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ (8,163 ) For the three months ended September 30, 2017: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ (29,766 ) For the nine months ended September 30, 2018: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ (10,701 ) For the nine months ended September 30, 2017: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ (26,659 ) Derivatives not designated as hedging instruments: For the three months ended September 30, 2018: Commodity contracts Cost of products and other $ (9,517 ) For the three months ended September 30, 2017: Commodity contracts Cost of products and other $ (17,291 ) For the nine months ended September 30, 2018: Commodity contracts Cost of products and other $ (55,877 ) For the nine months ended September 30, 2017: Commodity contracts Cost of products and other $ (2,606 ) Hedged items designated in fair value hedges: For the three months ended September 30, 2018: Intermediate and refined product inventory Cost of products and other $ 8,163 For the three months ended September 30, 2017: Intermediate and refined product inventory Cost of products and other $ 29,766 For the nine months ended September 30, 2018: Intermediate and refined product inventory Cost of products and other $ 10,701 For the nine months ended September 30, 2017: Intermediate and refined product inventory Cost of products and other $ 26,659

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Schedule of segment reporting information	Disclosures regarding the Company’s reportable segments with reconciliations to consolidated totals for the three and nine months ended September 30, 2018 and September 30, 2017 are presented below. In connection with the adoption of ASU 2017-07, the accompanying segment information has been retrospectively adjusted, for all periods presented, to reflect the reclassification of certain net periodic benefit costs from Operating expenses and General and administrative expenses to Other income (expense). PBF Energy Three Months Ended September 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 7,641,944 $ 70,556 $ — $ (66,140 ) $ 7,646,360 Depreciation and amortization expense 83,281 7,451 2,594 — 93,326 Income (loss) from operations (1) 321,370 37,577 (67,789 ) (4,725 ) 286,433 Interest expense, net 2,078 10,567 29,644 — 42,289 Capital expenditures 79,697 20,956 2,233 — 102,886 Three Months Ended September 30, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 5,475,114 $ 66,195 $ — $ (62,358 ) $ 5,478,951 Depreciation and amortization expense 70,192 5,756 2,572 — 78,520 Income (loss) from operations (1) 609,292 39,201 (57,434 ) (3,799 ) 587,260 Interest expense, net 1,180 7,748 28,062 — 36,990 Capital expenditures 165,179 15,536 562 — 181,277 Nine Months Ended September 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 20,880,613 $ 203,395 $ — $ (190,789 ) $ 20,893,219 Depreciation and amortization expense 242,568 21,185 7,871 — 271,624 Income (loss) from operations (1) 895,952 105,299 (183,785 ) (13,110 ) 804,356 Interest expense, net 6,509 30,940 91,486 — 128,935 Capital expenditures (2) 376,774 86,627 4,726 — 468,127 Nine Months Ended September 30, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 15,237,189 $ 190,375 $ — $ (176,915 ) $ 15,250,649 Depreciation and amortization expense 180,704 17,096 10,355 — 208,155 Income (loss) from operations (1) 521,015 107,765 (140,555 ) (11,218 ) 477,007 Interest expense, net 3,433 23,618 87,820 — 114,871 Capital expenditures (2) 574,871 72,100 2,971 — 649,942 Balance at September 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 8,369,215 $ 806,850 $ 72,799 $ (33,454 ) $ 9,215,410 Balance at December 31, 2017 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 7,287,384 $ 748,215 $ 123,211 $ (40,817 ) $ 8,117,993 PBF LLC Three Months Ended September 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 7,641,944 $ 70,556 $ — $ (66,140 ) $ 7,646,360 Depreciation and amortization expense 83,281 7,451 2,594 — 93,326 Income (loss) from operations (1) 321,370 37,577 (67,463 ) (4,725 ) 286,759 Interest expense, net 2,078 10,567 31,828 — 44,473 Capital expenditures 79,697 20,956 2,233 — 102,886 Three Months Ended September 30, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 5,475,114 $ 66,195 $ — $ (62,358 ) $ 5,478,951 Depreciation and amortization expense 70,192 5,756 2,572 — 78,520 Income (loss) from operations (1) 609,292 39,201 (57,386 ) (3,799 ) 587,308 Interest expense, net 1,180 7,748 29,965 — 38,893 Capital expenditures 165,179 15,536 562 — 181,277 Nine Months Ended September 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 20,880,613 $ 203,395 $ — $ (190,789 ) $ 20,893,219 Depreciation and amortization expense 242,568 21,185 7,871 — 271,624 Income (loss) from operations (1) 895,952 105,299 (182,766 ) (13,110 ) 805,375 Interest expense, net 6,509 30,940 97,667 — 135,116 Capital expenditures (2) 376,774 86,627 4,726 — 468,127 Nine Months Ended September 30, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 15,237,189 $ 190,375 $ — $ (176,915 ) $ 15,250,649 Depreciation and amortization expense 180,704 17,096 10,355 — 208,155 Income (loss) from operations (1) 521,015 107,765 (140,399 ) (11,218 ) 477,163 Interest expense, net 3,433 23,618 93,859 — 120,910 Capital expenditures (2) 574,871 72,100 2,971 — 649,942 Balance at September 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 8,369,215 $ 806,850 $ 66,234 $ (33,454 ) $ 9,208,845 Balance at December 31, 2017 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 7,287,384 $ 748,215 $ 44,203 $ (40,817 ) $ 8,038,985 (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 purposes of the Company’s condensed consolidated financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation. (2) The Logistics segment includes capital expenditures of $58,000 for the acquisition of the Knoxville Terminals by PBFX on April 16, 2018 and $10,097 for the acquisition of the Toledo Products Terminal by PBFX on April 17, 2017. (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 purposes of the Company’s condensed consolidated PBF Energy and PBF LLC financial statements, PBFX’s noncontrolling interest in TVPC and PBF Holding’s equity investment in TVPC eliminate in consolidation.

NET INCOME PER SHARE OF PBF E_2

NET INCOME PER SHARE OF PBF ENERGY (Tables)	9 Months Ended
	Sep. 30, 2018
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 per share of Class A common stock attributable to PBF Energy: Three Months Ended Nine Months Ended Basic Earnings Per Share: 2018 2017 2018 2017 Allocation of earnings: Net income attributable to PBF Energy Inc. stockholders $ 179,538 $ 314,365 $ 482,057 $ 173,625 Less: Income allocated to participating securities 194 272 592 811 Income available to PBF Energy Inc. stockholders - basic $ 179,344 $ 314,093 $ 481,465 $ 172,814 Denominator for basic net income per Class A common share - weighted average shares 117,029,486 109,724,595 113,597,970 109,634,921 Basic net income attributable to PBF Energy per Class A common share $ 1.53 $ 2.86 $ 4.24 $ 1.58 Diluted Earnings Per Share: Numerator: Income available to PBF Energy Inc. stockholders - basic $ 179,344 $ 314,093 $ 481,465 $ 172,814 Plus: Net income attributable to noncontrolling interest (1) 2,394 18,137 9,790 9,677 Less: Income tax expense on net income attributable to noncontrolling interest (1) (632 ) (7,139 ) (2,585 ) (3,809 ) Numerator for diluted net income per Class A common share - net income attributable to PBF Energy Inc. stockholders (1) $ 181,106 $ 325,091 $ 488,670 $ 178,682 Denominator: (1) Denominator for basic net income per Class A common share-weighted average shares 117,029,486 109,724,595 113,597,970 109,634,921 Effect of dilutive securities: Conversion of PBF LLC Series A Units 1,206,326 3,825,508 2,184,690 3,832,464 Common stock equivalents (2) 2,169,503 332,137 1,592,510 324,157 Denominator for diluted net income per Class A common share-adjusted weighted average shares 120,405,315 113,882,240 117,375,170 113,791,542 Diluted net income attributable to PBF Energy Inc. stockholders per Class A common share $ 1.50 $ 2.85 $ 4.16 $ 1.57 __________ (1) The diluted earnings per share calculation generally assumes the conversion of all outstanding PBF LLC Series A Units to Class A common stock of PBF Energy. The net income attributable to PBF Energy, used in the numerator of the diluted earnings per share calculation is adjusted to reflect the net income, as well as the corresponding income tax expense (based on a 26.4% estimated annualized statutory corporate tax rate for both the three and nine months ended September 30, 2018 and 39.4% estimated annualized statutory corporate tax rate for both the three and nine months ended September 30, 2017 ) attributable to the converted 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 exclude the effects of options and warrants to purchase 15,000 and 25,000 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the three and nine months ended September 30, 2018 , respectively. Common stock equivalents exclude the effects of options and warrants to purchase 6,484,650 and 6,554,650 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the three and nine months ended September 30, 2017 , respectively.

DESCRIPTION OF THE BUSINESS A_3

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)shares	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)reportable_segmentshares	Sep. 30, 2017USD ($)	Dec. 31, 2017shares
Description of Business [Line Items]
Other non-service components of net periodic benefit cost	$ 278	$ (103)	$ 833	$ (305)
Cost of products and other	$ 6,816,095	4,352,061	$ 18,400,732	13,154,521
Ownership percentage	100.00%		100.00%		100.00%
Shares, outstanding (in shares) | shares	121,158,044		121,158,044		114,332,995
Percentage of ownership in PBF LLC	100.00%		100.00%		100.00%
Number of reportable segments | reportable_segment			2
Operating Expenses	$ (424,331)	(402,823)	$ (1,268,161)	(1,266,879)
Depreciation and amortization expense	90,732	75,948	263,753	197,800
Cost of sales	7,331,158	4,830,832	19,932,646	14,619,200
General and administrative expenses	(69,920)	(58,259)	(191,418)	(143,147)
Depreciation and amortization expense	2,594	2,572	7,871	10,355
(Gain) loss on sale of assets	(43,745)	28	(43,072)	940
Total cost and expenses	7,359,927	4,891,691	20,088,863	14,773,642
PBF LLC [Member]
Description of Business [Line Items]
Other non-service components of net periodic benefit cost	278	(103)	833	(305)
Operating Expenses	(424,331)	(402,823)	(1,268,161)	(1,266,879)
Depreciation and amortization expense	90,732	75,948	263,753	197,800
Cost of sales	7,331,158	4,830,832	19,932,646	14,619,200
General and administrative expenses	(69,594)	(58,211)	(190,399)	(142,991)
Depreciation and amortization expense	2,594	2,572	7,871	10,355
(Gain) loss on sale of assets	(43,745)	28	(43,072)	940
Total cost and expenses	$ 7,359,601	$ 4,891,643	$ 20,087,844	$ 14,773,486
Series C Units [Member] | PBF LLC [Member]
Description of Business [Line Items]
Shares, outstanding (in shares) | shares	119,972,950		119,972,950
Class A Common Stock [Member] | PBF Energy [Member]
Description of Business [Line Items]
Shares, outstanding (in shares) | shares	119,951,719		119,951,719		110,565,531
Percentage of ownership in PBF LLC	99.00%		99.00%		96.70%
Series A Units [Member] | PBF LLC [Member]
Description of Business [Line Items]
Shares, outstanding (in shares) | shares	1,206,325		1,206,325		3,767,464
Percentage of ownership in PBF LLC	1.00%		1.00%		3.30%
Limited Partner [Member] | PBF LLC [Member]
Description of Business [Line Items]
Ownership percentage	44.00%		44.00%		44.10%
Torrance Valley [Member]
Description of Business [Line Items]
(Gain) loss on sale of assets	$ 43,761

REVENUE (Details)

REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Deferred revenue	$ 13,154		$ 13,154		$ 8,933
Revenues	7,646,360	$ 5,478,951	20,893,219	$ 15,250,649
Revenues	7,646,360	5,478,951	20,893,219	15,250,649
Refining Group [Member]
Revenues	7,641,944	5,475,114	20,880,613	15,237,189
Revenues	7,641,944	5,475,114	20,880,613	15,237,189
PBF Logistics LP [Member]
Revenues	70,556	66,195	203,395	190,375
Prior to elimination [Member]
Revenues	7,712,500	5,541,309	21,084,008	15,427,564
Intersegment Eliminations [Member]
Revenues	(66,140)	(62,358)	(190,789)	(176,915)
Gasoline And Distillate [Member] | Refining Group [Member]
Revenues	6,227,509	4,657,279	17,563,586	12,900,465
Asphalt and Residual Oil [Member] | Refining Group [Member]
Revenues	544,943	361,401	1,251,007	834,260
Other Refining and Marketing [Member] | Refining Group [Member]
Revenues	552,156	192,817	1,193,660	726,804
Chemicals [Member] | Refining Group [Member]
Revenues	243,174	189,812	621,834	553,311
Lubricants [Member] | Refining Group [Member]
Revenues	$ 74,162	$ 73,805	$ 250,526	$ 222,349

PBF LOGISTICS LP (Details)

PBF LOGISTICS LP (Details)	Jul. 16, 2018USD ($)shares	Apr. 16, 2018USD ($)	Sep. 30, 2018USD ($)$ / sharesshares	Sep. 30, 2017USD ($)	Dec. 31, 2017	Jun. 01, 2017shares
Variable Interest Entity [Line Items]
Payments to Acquire Property, Plant, and Equipment			$ 192,152,000	$ 267,151,000
Ownership percentage			100.00%		100.00%
Maturities of marketable securities			$ 0	115,060,000
Proceeds from revolver borrowings			$ 0	490,000,000
Stock Issued During Period, Shares, New Issues | shares			6,000,000
PBF Logistics LP [Member]
Variable Interest Entity [Line Items]
IDR maximum percentage distribution			50.00%
IDR, Distribution in Excess (in shares) | $ / shares			$ 0.345
Partners' Capital Account, Units, Conversion Ratio To Common Units (in shares) | shares						1
Stock Issued During Period, Shares, New Issues | shares	1,775,750
Stock Issued During Period, Value, New Issues	$ 35,000,000
PBF LLC [Member]
Variable Interest Entity [Line Items]
Payments to Acquire Property, Plant, and Equipment			$ 192,152,000	267,151,000
Maturities of marketable securities			0	115,060,000
Proceeds from revolver borrowings			$ 0	$ 490,000,000
Limited Partner [Member] | Public Unit Holders [Member]
Variable Interest Entity [Line Items]
Ownership percentage			56.00%		55.90%
Limited Partner [Member] | PBF LLC [Member]
Variable Interest Entity [Line Items]
Ownership percentage			44.00%		44.10%
Limited Partner [Member] | Common Units [Member] | PBF LLC [Member]
Variable Interest Entity [Line Items]
Partner capital units held (in shares) | shares			19,953,631
Knoxville Terminals Purchase [Member]
Variable Interest Entity [Line Items]
Payments to Acquire Property, Plant, and Equipment		$ 58,000,000
Number Of Refined Product Terminals Acquired		2

EQUITY (Ownership Percentage) (

EQUITY (Ownership Percentage) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017	Jun. 01, 2017	Nov. 01, 2015
Noncontrolling Interest [Line Items]
Percentage of ownership in PBF LLC	100.00%		100.00%		100.00%
Shares, outstanding (in shares)	121,158,044		121,158,044		114,332,995
Ownership percentage	100.00%		100.00%		100.00%
Less: net income attributable to noncontrolling interests	$ 12,928	$ 32,861	$ 39,907	$ 49,420
Common Units [Member]
Noncontrolling Interest [Line Items]
Shares sold in public offering (in shares)	45,347,196		45,347,196		41,900,708
PBF Energy [Member] | Class A Common Stock [Member]
Noncontrolling Interest [Line Items]
Percentage of ownership in PBF LLC	99.00%		99.00%		96.70%
Shares, outstanding (in shares)	119,951,719		119,951,719		110,565,531
Public Unit Holders [Member] | Common Units [Member]
Noncontrolling Interest [Line Items]
Shares sold in public offering (in shares)	25,393,565		25,393,565		23,441,211
PBF LLC [Member] | Common Units [Member]
Noncontrolling Interest [Line Items]
Shares sold in public offering (in shares)	19,953,631		19,953,631		18,459,497
PBF LLC [Member] | Series A Units [Member]
Noncontrolling Interest [Line Items]
Percentage of ownership in PBF LLC	1.00%		1.00%		3.30%
Shares, outstanding (in shares)	1,206,325		1,206,325		3,767,464
PBF Logistics LP [Member]
Noncontrolling Interest [Line Items]
Partners' Capital Account, Units, Conversion Ratio To Common Units (in shares)						1
Collins Pipeline Company And T&M Terminal Company [Member]
Noncontrolling Interest [Line Items]
Less: net income attributable to noncontrolling interests	$ 35	$ (6)	$ 43	$ 374
Limited Partner [Member] | Public Unit Holders [Member]
Noncontrolling Interest [Line Items]
Ownership percentage	56.00%		56.00%		55.90%
Limited Partner [Member] | PBF LLC [Member]
Noncontrolling Interest [Line Items]
Ownership percentage	44.00%		44.00%		44.10%
T&M Terminal Company [Member] | Chalmette Refining [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage	80.00%		80.00%
Collins Pipeline 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		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Decrease from Shares received from PBFX			$ (34,820)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period			2,902,949	$ 2,570,684
Comprehensive income	$ 179,714	$ 314,642	482,504	174,524
Less: comprehensive income attributable to noncontrolling interests	12,929	32,871	39,911	49,452
Comprehensive income	192,643	347,513	522,415	223,976
Dividends and distributions			(141,493)	(135,261)
Equity-based compensation awards			18,608	18,064
Exercise of PBF LLC and PBF Energy options and warrants, net			13,659
Stockholders' Equity, Other			9,875	(2,101)
Balance, end of period	3,645,361	2,675,362	3,645,361	2,675,362
PBF Energy [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Decrease from Shares received from PBFX			(28,564)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period			2,336,654	2,025,044
Comprehensive income			482,504	174,524
Dividends and distributions			(103,303)	(98,723)
Equity-based compensation awards			14,059	13,549
Exercise of PBF LLC and PBF Energy options and warrants, net			14,004
Stockholders' Equity, Other			10,924	(2,096)
Balance, end of period	3,067,934	2,112,298	3,067,934	2,112,298
Noncontrolling Interest - PBF LLC [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Decrease from Shares received from PBFX			0
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period			110,203	98,671
Less: comprehensive income attributable to noncontrolling interests			9,794	9,701
Dividends and distributions			(1,724)	(3,448)
Equity-based compensation awards			0	0
Exercise of PBF LLC and PBF Energy options and warrants, net			(345)
Stockholders' Equity, Other			0	0
Balance, end of period	117,928	104,924	117,928	104,924
Noncontrolling Interest - PBF Holding [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Decrease from Shares received from PBFX			0
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period			10,808	12,513
Less: comprehensive income attributable to noncontrolling interests			43	374
Dividends and distributions			0	0
Equity-based compensation awards			0	0
Exercise of PBF LLC and PBF Energy options and warrants, net			0
Stockholders' Equity, Other				0
Balance, end of period	10,851	12,887	10,851	12,887
Noncontrolling Interest - PBF Logistics LP [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Decrease from Shares received from PBFX			(6,256)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period			445,284	434,456
Less: comprehensive income attributable to noncontrolling interests			30,074	39,377
Dividends and distributions			(36,466)	(33,090)
Equity-based compensation awards			4,549	4,515
Exercise of PBF LLC and PBF Energy options and warrants, net			0
Stockholders' Equity, Other			(1,049)	(5)
Balance, end of period	$ 448,648	$ 445,253	$ 448,648	$ 445,253

EQUITY Noncontrolling Interest

EQUITY Noncontrolling Interest (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)subsidiary	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Noncontrolling Interest [Line Items]
Proceeds from Issuance of Common Stock			$ (287,284)	$ 0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 3,645,361	$ 2,675,362	3,645,361	2,675,362	$ 2,902,949	$ 2,570,684
Stockholders' Equity, Other			$ 9,875	(2,101)
Ownership percentage	100.00%		100.00%		100.00%
Less: net income attributable to noncontrolling interests	$ 12,928	32,861	$ 39,907	49,420
Comprehensive income	179,714	314,642	482,504	174,524
Less: net income attributable to noncontrolling interests	12,929	32,871	39,911	49,452
Comprehensive income	192,643	347,513	522,415	223,976
Dividends and Distributions			(141,493)	(135,261)
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			18,608	18,064
Record tax receivable agreement			(2,756)
Noncontrolling Interest, Increase from Subsidiary Equity Issuance			287,284
PBF LLC [Member]
Noncontrolling Interest [Line Items]
Proceeds from Issuance of Common Stock			(287,284)	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	3,766,963	2,696,899	3,766,963	2,696,899	$ 2,878,503	2,487,820
Stockholders' Equity, Other			10,272	(2,101)
Comprehensive income	234,556	538,632	652,612	288,626
Less: net income attributable to noncontrolling interests	10,534	14,732	30,117	39,751
Comprehensive income	245,090	553,364	682,729	328,377
Dividends and Distributions			(141,493)	(135,261)
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests			(34,820)
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			$ 18,608	18,064
Chalmette Refining [Member]
Noncontrolling Interest [Line Items]
Number Of Subsidiaries | subsidiary			2
Collins Pipeline Company And T&M Terminal Company [Member]
Noncontrolling Interest [Line Items]
Less: net income attributable to noncontrolling interests	35	(6)	$ 43	374
PBF Energy [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	3,067,934	2,112,298	3,067,934	2,112,298	2,336,654	2,025,044
Stockholders' Equity, Other			10,924	(2,096)
Comprehensive income			482,504	174,524
Dividends and Distributions			(103,303)	(98,723)
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			14,059	13,549
Record tax receivable agreement			(2,756)
Noncontrolling Interest, Increase from Subsidiary Equity Issuance			(287,284)
PBF Energy [Member] | PBF LLC [Member]
Noncontrolling Interest [Line Items]
Proceeds from Issuance of Common Stock			(287,284)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	3,307,464	2,238,759	3,307,464	2,238,759	2,422,411	2,040,851
Stockholders' Equity, Other			11,321	(2,096)
Comprehensive income			652,612	288,626
Dividends and Distributions			(105,027)	(102,171)
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests			(28,564)
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			14,059	13,549
Noncontrolling Interest - PBF Logistics LP [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	448,648	445,253	448,648	445,253	445,284	434,456
Stockholders' Equity, Other			(1,049)	(5)
Less: net income attributable to noncontrolling interests			30,074	39,377
Dividends and Distributions			(36,466)	(33,090)
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			4,549	4,515
Record tax receivable agreement			0
Noncontrolling Interest, Increase from Subsidiary Equity Issuance			0
Noncontrolling Interest - PBF Logistics LP [Member] | PBF LLC [Member]
Noncontrolling Interest [Line Items]
Proceeds from Issuance of Common Stock			0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	10,851	12,887	10,851	12,887	10,808	12,513
Stockholders' Equity, Other			0	0
Less: net income attributable to noncontrolling interests			43	374
Dividends and Distributions			0	0
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests			0
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			0	0
Noncontrolling Interest - PBF LLC [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	117,928	104,924	117,928	104,924	110,203	98,671
Stockholders' Equity, Other			0	0
Less: net income attributable to noncontrolling interests			9,794	9,701
Dividends and Distributions			(1,724)	(3,448)
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			0	0
Record tax receivable agreement			0
Noncontrolling Interest, Increase from Subsidiary Equity Issuance			0
Noncontrolling Interest - PBF LLC [Member] | PBF LLC [Member]
Noncontrolling Interest [Line Items]
Proceeds from Issuance of Common Stock			0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	448,648	445,253	448,648	445,253	445,284	434,456
Stockholders' Equity, Other			(1,049)	(5)
Less: net income attributable to noncontrolling interests			30,074	39,377
Dividends and Distributions			(36,466)	(33,090)
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests			(6,256)
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			4,549	4,515
Noncontrolling Interest - PBF Holding [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 10,851	$ 12,887	10,851	12,887	$ 10,808	$ 12,513
Stockholders' Equity, Other				0
Less: net income attributable to noncontrolling interests			43	374
Dividends and Distributions			0	0
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			0	$ 0
Record tax receivable agreement			0
Noncontrolling Interest, Increase from Subsidiary Equity Issuance			$ 0

EQUITY Schedule of stock by cla

EQUITY Schedule of stock by class (Details) - USD ($)		9 Months Ended		12 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues		6,000,000
Proceeds from Issuance of Common Stock		$ 287,284,000	$ 0
Stock Issued During Period, Value, Stock Options Exercised		$ (13,659,000)
Class A Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares outstanding		110,565,531
Common stock, shares outstanding		119,951,719		110,565,531
PBF Energy [Member]
Class of Stock [Line Items]
Stock Issued During Period, Value, Stock Options Exercised		$ (14,004,000)
Common Stock [Member] | Class A Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares outstanding		110,565,531	109,204,047	109,204,047
Stock Redeemed or Called During Period, Value	[1]	$ (39,544)	$ 0
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures		35,811	702,404
Stock Issued During Period, Value, Stock Options Exercised		691,286	462,500
Stock Issued During Period, Shares, Conversion of Convertible Securities		2,698,635	196,580
Common stock, shares outstanding		119,951,719		110,565,531
Sale of Stock, Number of Shares Issued in Transaction		6,000,000	0
Treasury Stock [Member]
Class of Stock [Line Items]
Common stock, shares outstanding		6,132,884	6,087,963	6,087,963
Stock Redeemed or Called During Period, Value	[1]	$ 39,544	$ 44,921
Common stock, shares outstanding		6,172,428		6,132,884
Noncontrolling Interest - PBF Logistics LP [Member]
Class of Stock [Line Items]
Stock Issued During Period, Value, Stock Options Exercised		$ 0
Noncontrolling Interest - PBF LLC [Member]
Class of Stock [Line Items]
Stock Issued During Period, Value, Stock Options Exercised		345,000
PBF LLC [Member]
Class of Stock [Line Items]
Proceeds from Issuance of Common Stock		287,284,000	$ 0
Stock Issued During Period, Value, Stock Options Exercised		$ (3,760,000)
PBF LLC [Member] | Series A Units [Member]
Class of Stock [Line Items]
Units Outstanding		3,767,464	3,920,902	3,920,902
Limited Liability Company (LLC) Members' Equity, Unit-Based Compensation And Exercise Of Warrants, Issuance Of Units		137,496		64,373
Limited Liability Company (LLC) Members' Equity, Exchange of Units		(2,698,635)		(196,580)
Limited Liability Company (LLC) Members' Equity, Redemption of Units				(21,231)
Units Outstanding		1,206,325		3,767,464
PBF LLC [Member] | Series C Units [Member]
Class of Stock [Line Items]
Units Outstanding		110,586,762	109,204,047	109,204,047
Limited Liability Company (LLC) Members' Equity, Unit-Based Compensation And Exercise Of Warrants, Issuance Of Units		691,286		462,500
Limited Liability Company (LLC) Members' Equity, Exchange of Units		2,698,635		217,811
Limited Liability Company (LLC) Members' Equity, Unit-Based Compensation And Exercise Of Warrants, Issuance Of Restricted Units		35,811		702,404
Limited Liability Company (LLC) Members' Equity, Unit-Based Compensation And Exercise Of Warrants, Restricted Units Surrender for Taxes		(39,544)
Units Outstanding		119,972,950		110,586,762
Sale of Stock, Number of Shares Issued in Transaction		6,000,000
PBF LLC [Member] | PBF Energy [Member]
Class of Stock [Line Items]
Proceeds from Issuance of Common Stock		$ 287,284,000
Stock Issued During Period, Value, Stock Options Exercised		(3,760,000)
PBF LLC [Member] | Noncontrolling Interest - PBF Logistics LP [Member]
Class of Stock [Line Items]
Proceeds from Issuance of Common Stock		0
Stock Issued During Period, Value, Stock Options Exercised		0
PBF LLC [Member] | Noncontrolling Interest - PBF LLC [Member]
Class of Stock [Line Items]
Proceeds from Issuance of Common Stock		0
Stock Issued During Period, Value, Stock Options Exercised		$ 0
[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		9 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Inventory [Line Items]
Excess of Replacement or Current Costs over Stated LIFO Value		$ 12,037		$ 12,037
Crude oil and feedstocks		1,055,654		1,055,654			$ 1,073,093
Refined products and blendstocks		1,399,975		1,399,975			1,342,294
Warehouse stock and other		105,477		105,477			98,866
Inventory, Gross		2,561,106		2,561,106			2,514,253
Lower of cost or market adjustment		0	$ (498,045)	0	$ (498,045)		300,456	$ (763,122)	$ (595,988)
Inventories		2,561,106		2,561,106			2,213,797
Income (loss) from operations	[1]	286,433	587,260	804,356	477,007
Net income		192,466	347,226	521,964	223,045
Titled Inventory [Member]
Inventory [Line Items]
Crude oil and feedstocks		1,055,654		1,055,654			1,073,093
Refined products and blendstocks		1,060,841		1,060,841			1,030,817
Warehouse stock and other		105,477		105,477			98,866
Inventory, Gross		2,221,972		2,221,972			2,202,776
Lower of cost or market adjustment		0		0			232,652
Inventories		2,221,972		2,221,972			1,970,124
Inventory Supply and Offtake Arrangements [Member]
Inventory [Line Items]
Crude oil and feedstocks		0		0			0
Refined products and blendstocks		339,134		339,134			311,477
Warehouse stock and other		0		0			0
Inventory, Gross		339,134		339,134			311,477
Lower of cost or market adjustment		0		0			67,804
Inventories		339,134		339,134			243,673
Scenario, Adjustment [Member]
Inventory [Line Items]
Lower of cost or market adjustment		0		0		$ 54,801	$ 300,456
Income (loss) from operations		54,801	265,077	300,456	97,943
Net income		$ 40,328	$ 160,743	$ 221,106	$ 59,393
[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 purposes of the Company’s condensed consolidated financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation.

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Accrued Expenses:
Inventory-related accruals	$ 1,451,142	$ 1,151,810
Inventory intermediation arrangements	254,022	244,287
Accrued transportation costs	56,167	64,400
Excise and sales tax payable	123,174	118,515
Accrued construction in progress	26,082	18,765
Renewable energy credit and emissions obligations	32,753	26,231
Accrued capital expenditures	43,395	14,080
Customer deposits	20,583	16,133
Accrued utilities	32,371	42,189
Accrued refinery maintenance and support costs	23,147	35,674
Accrued salaries and benefits	55,366	58,589
Environmental liabilities	7,173	8,289
Other	25,756	15,892
Total accrued expenses	2,151,131	1,814,854
PBF LLC [Member]
Accrued Expenses:
Inventory-related accruals	1,451,142	1,151,810
Inventory intermediation arrangements	254,022	244,287
Accrued transportation costs	56,167	64,400
Excise and sales tax payable	123,174	118,515
Accrued construction in progress	26,082	18,765
Renewable energy credit and emissions obligations	32,753	26,231
Accrued capital expenditures	58,885	23,419
Customer deposits	20,583	16,133
Accrued utilities	32,371	42,189
Accrued refinery maintenance and support costs	23,147	35,674
Accrued salaries and benefits	55,366	58,589
Environmental liabilities	7,173	8,289
Other	26,929	16,093
Total accrued expenses	$ 2,167,794	$ 1,824,394

ACCRUED EXPENSES - Early Return

ACCRUED EXPENSES - Early Return of Railcars (Details) - USD ($)	3 Months Ended
	Dec. 31, 2018	Sep. 30, 2018
Lessee, Lease, Description [Line Items]
Operating lease, expense		$ 44,571,000
Scenario, Forecast [Member]
Lessee, Lease, Description [Line Items]
Operating lease, payments	$ 7,683,000
Other Current Liabilities [Member]
Lessee, Lease, Description [Line Items]
Operating lease, liability, remaining amount of the obligation		25,843,000
Other Noncurrent Liabilities [Member]
Lessee, Lease, Description [Line Items]
Operating lease, liability, remaining amount of the obligation		18,728,000
Early Termination Fee [Member]
Lessee, Lease, Description [Line Items]
Operating lease, expense		40,313,000
Accelerated Lease Payment [Member]
Lessee, Lease, Description [Line Items]
Operating lease, expense		$ 4,258,000

AFFILIATE NOTE PAYABLE - PBF _2

AFFILIATE NOTE PAYABLE - PBF LLC (Details) - PBF LLC [Member] - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Affiliate note payable	$ 326,115	$ 292,844
Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Interest rate	2.50%
Debt Instrument, Term	5 years

INCOME TAXES (Details)

INCOME TAXES (Details) $ in Thousands	Jan. 01, 2018	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)subsidiary	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Income Taxes [Line Items]
Percentage of ownership in PBF LLC		100.00%		100.00%		100.00%
Number Of Subsidiaries Acquired | subsidiary				2
Income tax expense		$ 61,349	$ 203,979	$ 167,836	$ 112,889
Current income tax expense		71	190	823	1,564
Deferred income tax expense		$ 61,278	$ 203,789	$ 167,013	$ 111,325
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Percent [Abstract]
Provision at Federal statutory rate, as a percent		21.00%	35.00%	21.00%	35.00%
State income taxes (net federal income tax), as a percent		5.60%	4.50%	5.90%	4.30%
Non deductible/nontaxable items, as a percent		(0.50%)	(0.20%)	(0.10%)	0.20%
Rate differential from foreign jurisdictions, as a percent		(0.20%)	0.30%	(0.20%)	(0.10%)
Other, as a percent		(0.40%)	(0.10%)	(0.80%)	(0.10%)
Effective tax rate		25.50%	39.40%	25.80%	39.40%
Effective Income Tax Rate Reconciliation, Prior Year Income Taxes, Percent		0.00%	(0.10%)	0.00%	(0.20%)
Noncontrolling interests, as a percent		24.20%	37.00%	24.30%	33.60%
Statutory tax rate	21.00%	26.40%	39.40%	26.40%	39.40%	35.00%
Less: net income attributable to noncontrolling interests		$ 12,928	$ 32,861	$ 39,907	$ 49,420
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Percent		0.00%	0.00%	0.00%	0.30%
Tax Cuts And Jobs Act Of 2017, Incomplete Accounting, Provisional Income Tax Expense (Benefit)						$ 20,153
PBF Energy [Member] | Class A Common Stock [Member]
Income Taxes [Line Items]
Percentage of ownership in PBF LLC		99.00%		99.00%		96.70%
PBF LLC [Member]
Income Taxes [Line Items]
Income tax expense		$ (719)	$ (4,292)	$ (5,403)	$ 2,040
Current income tax expense		5	190	(26)	1,399
Deferred income tax expense		$ (724)	$ (4,482)	$ (5,377)	$ 641

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	Aug. 14, 2018USD ($)	Feb. 01, 2018USD ($)	Jan. 13, 2017group	Jul. 01, 2016USD ($)	Mar. 03, 2014ppm	Mar. 01, 2011	Sep. 30, 2018USD ($)ppm	Dec. 31, 2010ppm	Dec. 31, 2017USD ($)
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							$ 381,260,000		$ 362,142,000
PBF Energy [Member] | Class A Common Stock [Member]
Loss Contingencies [Line Items]
Percentage of ownership in PBF LLC							99.00%		96.70%
Environmental Issue [Member]
Loss Contingencies [Line Items]
Environmental liability							$ 11,253,000		$ 10,282,000
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 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] | PBF Logistics Products Terminals LLC [Member]
Loss Contingencies [Line Items]
Environmental liability							$ 1,629,000		1,923,000
Discount rate used for environmental liability assessment							1.83%
Environmental Issue [Member] | Torrance Refinery [Member]
Loss Contingencies [Line Items]
Environmental liability							$ 133,025,000		$ 136,487,000
Term of insurance policies				10 years
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
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] | PBF Logistics Products Terminals LLC [Member]
Loss Contingencies [Line Items]
Accrual For Environmental Loss Contingencies, Expected Future Payments							250
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] | PBF Logistics Products Terminals LLC [Member]
Loss Contingencies [Line Items]
Accrual For Environmental Loss Contingencies, Expected Payment Period							10 years
Maximum [Member] | Environmental Issue [Member] | Torrance Refinery [Member]
Loss Contingencies [Line Items]
Site Contingency, Loss Exposure Not Accrued, Best Estimate				$ 100,000,000
Pending Litigation [Member] | Environmental Protection Agency [Member] | Environmental Remediation Contingency [Domain]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value		$ 645,000
Pending Litigation [Member] | SCAQMD [Member] | Environmental Issue [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 515,000
Pending Litigation [Member] | SCAQMD [Member] | Environmental Remediation Contingency [Domain]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value							$ 150,000
California Department of Toxic Substance Control [Member] | Environmental Issue [Member] | Torrance Refinery [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value							150,000
Other [Member] | Environmental Issue [Member] | Torrance Refinery [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value							$ 100,000

DIVIDENDS AND DISTRIBUTIONS (De

DIVIDENDS AND DISTRIBUTIONS (Details) - USD ($) $ / shares in Units, $ in Thousands	Aug. 30, 2018	May 30, 2018	Mar. 14, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Distribution Made to Member or Limited Partner [Line Items]
Dividends per common share (in dollars per share)				$ 0.30	$ 0.30	$ 0.90	$ 0.90
Class A Common Stock [Member]
Distribution Made to Member or Limited Partner [Line Items]
Aggregate amount of dividends paid						$ 103,015
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	$ 0.30			$ 0.3
PBF LLC [Member] | Cash Distribution [Member]
Distribution Made to Member or Limited Partner [Line Items]
Distributions paid						$ 104,739
PBF Logistics LP [Member]
Distribution Made to Member or Limited Partner [Line Items]
Distribution made to partner (in dollars per share)	$ 0.495	$ 0.49	$ 0.4850
PBF Energy Inc. [Member] | PBF LLC [Member] | Cash Distribution [Member]
Distribution Made to Member or Limited Partner [Line Items]
Distributions paid						103,015
PBF LLC [Member] | PBF Logistics LP [Member]
Distribution Made to Member or Limited Partner [Line Items]
Distribution made to partners						$ 36,981

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Defined Benefit Plan Disclosure [Line Items]
Other non-service components of net periodic benefit cost	$ 278	$ (103)	$ 833	$ (305)
Pension Plan, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	11,836	10,142	35,508	30,429
Interest cost	1,448	1,084	4,344	3,252
Expected return on plan assets	(2,135)	(1,441)	(6,405)	(4,325)
Amortization of prior service cost	22	13	65	39
Amortization of actuarial loss	71	113	214	339
Net periodic benefit cost	11,242	9,911	33,726	29,734
Post Retirement Medical Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	287	316	861	948
Interest cost	155	172	465	516
Amortization of prior service cost	161	162	484	484
Net periodic benefit cost	$ 603	$ 650	$ 1,810	$ 1,948

FAIR VALUE MEASUREMENTS (Measur

FAIR VALUE MEASUREMENTS (Measured on Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified pension plan assets	$ 9,427	$ 9,593
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	43,800	59,048
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	43,800	59,048
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	46,097	84,708
Derivative liability, effect of counter-party netting	(18,725)	(10,388)
Derivative Liability	27,372	74,320
Commodity contract [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	24,202
Derivative Liability		51,673
Commodity contract [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	21,895
Derivative Liability		33,035
Commodity contract [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0	0
Inventory Supply Arrangement Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	18,422	7,721
Derivative liability, effect of counter-party netting	0	0
Derivative Liability	18,422	7,721
Inventory Supply Arrangement Obligation [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	0	0
Inventory Supply Arrangement Obligation [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	18,422	7,721
Inventory Supply Arrangement Obligation [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	0	0
Money market funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	396,998	4,730
Money market funds [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	396,998	4,730
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	18,725	10,388
Derivative assets, effect of counter-party netting	(18,725)	(10,388)
Derivative assets, net carrying value	0	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	17,023	10,031
Commodity contract [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	1,702	357
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

FAIR VALUE MEASUREMENTS (Change

FAIR VALUE MEASUREMENTS (Change in Fair Value at Level 3) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Change in Fair Value Measurement Categorized in Level 3 [Roll Forward]
Transfers into Level 3	$ 0	$ 0	$ 0	$ 0
Commodity Contract [Member]
Change in Fair Value Measurement Categorized in Level 3 [Roll Forward]
Balance at beginning of period	0	0	0	(84,000)
Purchases	0	0	0	0
Settlements	0	0	0	45,000
Unrealized loss included in earnings	0	0	0	39,000
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Balance at end of period	$ 0	$ 0	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Fair V

FAIR VALUE MEASUREMENTS (Fair Value and Carrying Value of Debt) (Details)		3 Months Ended		9 Months Ended		12 Months Ended
		Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)lease
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Number Of Platinum Leases Entered Into During Period | lease						2
Transfers into Level 3		$ 0	$ 0	$ 0	$ 0
Long-term debt, Fair value		2,296,647,000		2,296,647,000		$ 2,297,278,000
Long-term Debt, Gross		2,220,035,000		2,220,035,000		2,220,488,000
Current maturities, Carrying value		(1,242,000)		(1,242,000)		(10,987,000)
Current maturities, Fair value		(1,242,000)		(1,242,000)		(10,987,000)
Unamortized Debt Issuance Expense		(42,904,000)		(42,904,000)		(34,459,000)
Long-term debt excluding current maturities, Carrying value		2,175,889,000		2,175,889,000		2,175,042,000
Long-term debt excluding current maturities, Fair value		2,295,405,000		2,295,405,000		2,286,291,000
2023 Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[1]	500,000,000		500,000,000		500,000,000
Long-term debt, Fair value	[1]	522,798,000		522,798,000		522,101,000
2025 Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[1]	725,000,000		725,000,000		725,000,000
Long-term debt, Fair value	[1]	$ 767,282,000		$ 767,282,000		763,945,000
PBFX Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate		6.875%		6.875%
Long-term debt, Fair value	[1]	$ 539,494,000		$ 539,494,000		544,118,000
Catalyst lease obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[2]					59,048,000
Long-term debt, Fair value	[2]	43,800,000		43,800,000		59,048,000
PBF Rail Logistics Company LLC [Member] | Notes Payable to Banks [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[3]	23,273,000		23,273,000		28,366,000
Long-term debt, Fair value	[3]	23,273,000		23,273,000		28,366,000
PBF Logistics LP [Member] | PBFX Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[1]	527,962,000		527,962,000		528,374,000
Catalyst lease obligations [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Capital Lease Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[2]	43,800,000		43,800,000
Revolving Credit Facility [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of credit, Fair value	[3]	350,000,000		350,000,000		350,000,000
Revolving Credit Facility [Member] | Line of Credit [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term line of credit	[3]	350,000,000		350,000,000		350,000,000
Revolving Credit Facility [Member] | PBF Logistics LP [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of credit, Fair value	[3]	50,000,000		50,000,000		29,700,000
Revolving Credit Facility [Member] | PBF Logistics LP [Member] | Line of Credit [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term line of credit	[3]	$ 50,000,000		$ 50,000,000		$ 29,700,000
2023 Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate		7.00%		7.00%
2025 Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate		7.25%		7.25%
[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 7.00% senior notes due 2023, the 7.25% senior notes due 2025 (collectively with the senior notes due 2023, the “Senior Notes”), and the PBFX 6.875% senior notes due 2023 (the “PBFX 2023 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. During 2017, Delaware City Refining entered into two platinum bridge leases which were settled during the second quarter of 2018 and the Company entered into a new platinum bridge lease, which will expire in the first quarter of 2019. The total outstanding balance related to these bridge leases as of September 30, 2018 and December 31, 2017 was $1,242 and $10,987, respectively, and is included in Current debt on the Company’s Condensed Consolidated balance sheet.
[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		9 Months Ended
	Sep. 30, 2018USD ($)bbl	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)bbl	Sep. 30, 2017USD ($)	Dec. 31, 2017bbl
Derivative [Line Items]
Loss on fair value hedge ineffectiveness | $	$ 0	$ 0	$ 0	$ 0
Intermediates and Refined Products Inventory [Member] | Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, notional amount, volume	2,966,904		2,966,904		3,000,142
Crude Oil Commodity Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, notional amount, volume	11,126,000		11,126,000		22,348,000
Refined Product Commodity Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, notional amount, volume	3,097,000		3,097,000		1,989,000

DERIVATIVES (Fair Value of Deri

DERIVATIVES (Fair Value of Derivative Instruments) (Details) - Accrued Expenses [Member] - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Designated as Hedging Instrument [Member] | Inventory Intermediation Agreement Obligation [Member]
Derivatives, Fair Value [Line Items]
Fair Value Asset/(Liability)	$ (18,422)	$ (7,721)
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member]
Derivatives, Fair Value [Line Items]
Fair Value Asset/(Liability)	$ (27,372)	$ (74,320)

DERIVATIVES (Gain (Loss) Recogn

DERIVATIVES (Gain (Loss) Recognized in Income) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	$ 0	$ 0	$ 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	(8,163,000)	(29,766,000)	(10,701,000)	(26,659,000)
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	8,163,000	29,766,000	10,701,000	26,659,000
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	$ (9,517,000)	$ (17,291,000)	$ (55,877,000)	$ (2,606,000)

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details)		3 Months Ended		9 Months Ended
		Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)reportable_segmentsegment	Sep. 30, 2017USD ($)		Dec. 31, 2017USD ($)	Jul. 01, 2016refinery
Segment Reporting Information [Line Items]
Number of reportable segments | reportable_segment				2
Revenues		$ 7,646,360,000	$ 5,478,951,000	$ 20,893,219,000	$ 15,250,649,000
Depreciation and amortization expense		93,326,000	78,520,000	271,624,000	208,155,000
Income (loss) from operations	[1]	286,433,000	587,260,000	804,356,000	477,007,000
Interest expense, net		42,289,000	36,990,000	128,935,000	114,871,000
Assets	[2]	9,215,410,000		$ 9,215,410,000			$ 8,117,993,000
Number Of Operating Refineries | refinery								5
Number of Operating Segments | segment				2
Capital Expenditures		102,886,000	181,277,000	$ 468,127,000	649,942,000	[3]
Refining Group [Member]
Segment Reporting Information [Line Items]
Revenues		7,641,944,000	5,475,114,000	20,880,613,000	15,237,189,000
Depreciation and amortization expense		83,281,000	70,192,000	242,568,000	180,704,000
Income (loss) from operations	[1]	321,370,000	609,292,000	895,952,000	521,015,000
Interest expense, net		2,078,000	1,180,000	6,509,000	3,433,000
Assets	[2]	8,369,215,000		8,369,215,000			7,287,384,000
Capital Expenditures		79,697,000	165,179,000	376,774,000	574,871,000	[3]
PBF Logistics LP [Member]
Segment Reporting Information [Line Items]
Assets	[2]	806,850,000		806,850,000			748,215,000
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization expense		2,594,000	2,572,000	7,871,000	10,355,000
Income (loss) from operations	[1]	(67,789,000)	(57,434,000)	(183,785,000)	(140,555,000)
Interest expense, net		29,644,000	28,062,000	91,486,000	87,820,000
Assets	[2]	72,799,000		72,799,000			123,211,000
Capital Expenditures		2,233,000	562,000	4,726,000	2,971,000	[3]
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues		(66,140,000)	(62,358,000)	(190,789,000)	(176,915,000)
Depreciation and amortization expense		0	0	0	0
Income (loss) from operations	[1]	(4,725,000)	(3,799,000)	(13,110,000)	(11,218,000)
Interest expense, net		0	0	0	0
Assets	[2]	(33,454,000)		(33,454,000)			(40,817,000)
Capital Expenditures		0	0	0	0	[3]
Knoxville Terminals Purchase [Member]
Segment Reporting Information [Line Items]
Payments to Acquire Businesses, Gross				58,000,000	0
Toledo Terminal Acquisition [Member]
Segment Reporting Information [Line Items]
Payments to Acquire Businesses, Gross				0	10,097,000
PBF LLC [Member]
Segment Reporting Information [Line Items]
Revenues		7,646,360,000	5,478,951,000	20,893,219,000	15,250,649,000
Depreciation and amortization expense		93,326,000	78,520,000	271,624,000	208,155,000
Income (loss) from operations	[1]	286,759,000	587,308,000	805,375,000	477,163,000
Interest expense, net		44,473,000	38,893,000	135,116,000	120,910,000
Assets	[2]	9,208,845,000		9,208,845,000			8,038,985,000
Capital Expenditures		102,886,000	181,277,000	468,127,000	649,942,000
PBF LLC [Member] | Refining Group [Member]
Segment Reporting Information [Line Items]
Revenues		7,641,944,000	5,475,114,000	20,880,613,000	15,237,189,000
Depreciation and amortization expense		83,281,000	70,192,000	242,568,000	180,704,000
Income (loss) from operations	[1]	321,370,000	609,292,000	895,952,000	521,015,000
Interest expense, net		2,078,000	1,180,000	6,509,000	3,433,000
Assets	[2]	8,369,215,000		8,369,215,000			7,287,384,000
Capital Expenditures		79,697,000	165,179,000	376,774,000	574,871,000
PBF LLC [Member] | PBF Logistics LP [Member]
Segment Reporting Information [Line Items]
Revenues		70,556,000	66,195,000	203,395,000	190,375,000
Depreciation and amortization expense		7,451,000	5,756,000	21,185,000	17,096,000
Income (loss) from operations	[1]	37,577,000	39,201,000	105,299,000	107,765,000
Interest expense, net		10,567,000	7,748,000	30,940,000	23,618,000
Assets	[2]	806,850,000		806,850,000			748,215,000
Capital Expenditures		20,956,000	15,536,000	86,627,000	72,100,000
PBF LLC [Member] | Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenues		0	0	0	0
Depreciation and amortization expense		2,594,000	2,572,000	7,871,000	10,355,000
Income (loss) from operations	[1]	(67,463,000)	(57,386,000)	(182,766,000)	(140,399,000)
Interest expense, net		31,828,000	29,965,000	97,667,000	93,859,000
Assets	[2]	66,234,000		66,234,000			44,203,000
Capital Expenditures		2,233,000	562,000	4,726,000	2,971,000
PBF LLC [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues		(66,140,000)	(62,358,000)	(190,789,000)	(176,915,000)
Depreciation and amortization expense			0	0	0
Income (loss) from operations	[1]		(3,799,000)	(13,110,000)	(11,218,000)
Interest expense, net			0	0	0
Assets	[2]	$ (33,454,000)		(33,454,000)			$ (40,817,000)
Capital Expenditures			$ 0	0	0
PBF LLC [Member] | Knoxville Terminals Purchase [Member]
Segment Reporting Information [Line Items]
Payments to Acquire Businesses, Gross				58,000,000	0
PBF LLC [Member] | Toledo Terminal Acquisition [Member]
Segment Reporting Information [Line Items]
Payments to Acquire Businesses, Gross				$ 0	$ 10,097,000
Torrance Valley Pipeline Company LLC [Member]
Segment Reporting Information [Line Items]
Subsidiary, Consolidation Percentage		100.00%		100.00%
Torrance Valley Pipeline Company LLC [Member] | PBFX [Member]
Segment Reporting Information [Line Items]
Noncontrolling Interest in Variable Interest Entity		$ 0.5		$ 0.5
[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 purposes of the Company’s condensed consolidated financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation.
[2]	(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 purposes of the Company’s condensed consolidated PBF Energy and PBF LLC financial statements, PBFX’s noncontrolling interest in TVPC and PBF Holding’s equity investment in TVPC eliminate in consolidation.
[3]	(2)The Logistics segment includes capital expenditures of $58,000 for the acquisition of the Knoxville Terminals by PBFX on April 16, 2018 and $10,097 for the acquisition of the Toledo Products Terminal by PBFX on April 17, 2017.

NET INCOME PER SHARE OF PBF E_3

NET INCOME PER SHARE OF PBF ENERGY (Details) - USD ($) $ / shares in Units, $ in Thousands		Jan. 01, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Statutory tax rate		21.00%	26.40%	39.40%	26.40%	39.40%	35.00%
Basic Earnings Per Share:
Net income attributable to PBF Energy			$ 179,538	$ 314,365	$ 482,057	$ 173,625
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic			$ 194	$ 272	$ 592	$ 811
Denominator for basic net income per Class A common share-weighted average shares (in shares)			117,029,486	109,724,595	113,597,970	109,634,921
Basic net income attributable to PBF Energy per Class A common share (in usd per share)			$ 1.53	$ 2.86	$ 4.24	$ 1.58
Net Income (Loss) Available to Common Stockholders, Basic			$ 179,344	$ 314,093	$ 481,465	$ 172,814
Diluted Earnings Per Share:
Plus: Net income attributable to noncontrolling interest			2,394	18,137	9,790	9,677
Less: Income tax on net income attributable to noncontrolling interest	[1]		(632)	(7,139)	(2,585)	(3,809)
Numerator for diluted net income per Class A common share	[1]		$ 181,106	$ 325,091	$ 488,670	$ 178,682
Denominator for basic net income per Class A common share-weighted average shares (in shares)			117,029,486	109,724,595	113,597,970	109,634,921
Effect of dilutive securities:
Conversion of PBF LLC Series A Units	[1]		1,206,326	3,825,508	2,184,690	3,832,464
Effect of dilutive securities on common stock equivalents (in shares)	[2]		2,169,503	332,137	1,592,510	324,157
Denominator for diluted net income per Class A common share-adjusted weighted average shares			120,405,315	113,882,240	117,375,170	113,791,542
Diluted net income attributable to PBF Energy per Class A common share (in usd per share)			$ 1.50	$ 2.85	$ 4.16	$ 1.57
Stock Options [Member]
Effect of dilutive securities:
Antidilutive common stock excluded from computation of dilutive earnings per share (in shares)			15,000	6,484,650	25,000	6,554,650
[1]	(1)The diluted earnings per share calculation generally assumes the conversion of all outstanding PBF LLC Series A Units to Class A common stock of PBF Energy. The net income attributable to PBF Energy, used in the numerator of the diluted earnings per share calculation is adjusted to reflect the net income, as well as the corresponding income tax expense (based on a 26.4% estimated annualized statutory corporate tax rate for both the three and nine months ended September 30, 2018 and 39.4% estimated annualized statutory corporate tax rate for both the three and nine months ended September 30, 2017) attributable to the converted 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 exclude the effects of options and warrants to purchase 15,000 and 25,000 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the three and nine months ended September 30, 2018, respectively. Common stock equivalents exclude the effects of options and warrants to purchase 6,484,650 and 6,554,650 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the three and nine months ended September 30, 2017, respectively.

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)		Oct. 31, 2018	Oct. 01, 2018	Jul. 16, 2018	Sep. 30, 2018	Sep. 30, 2017	Jul. 30, 2018	May 02, 2018	Dec. 31, 2017
Subsequent Event [Line Items]
Long-term Debt, Gross					$ 2,220,035,000				$ 2,220,488,000
Payments to Acquire Property, Plant, and Equipment					$ 192,152,000	$ 267,151,000
Stock Issued During Period, Shares, New Issues					6,000,000
PBF Logistics LP [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Shares, New Issues				1,775,750
Stock Issued During Period, Value, New Issues				$ 35,000,000
Subsequent Event [Member] | Class A Common Stock [Member]
Subsequent Event [Line Items]
Dividends declared (in dollars per share)		$ 0.30
Subsequent Event [Member] | PBF Logistics LP [Member]
Subsequent Event [Line Items]
Cash distribution (in dollars per share)		$ 0.5000
East Coast Storage Assets Acquisition [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Payments to Acquire Businesses, Gross			$ 107,000,000
Payments to Acquire Property, Plant, and Equipment			$ 75,000,000
Line of Credit [Member] | Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Long-term line of credit	[1]				$ 350,000,000				350,000,000
Line of Credit [Member] | Revolving Credit Facility [Member] | PBF Logistics LP [Member]
Subsequent Event [Line Items]
Long-term line of credit	[1]				$ 50,000,000				$ 29,700,000
Line of Credit Facility, Maximum Borrowing Capacity							$ 500,000,000
Line of Credit [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Subsequent Event [Line Items]
Long-term line of credit								$ 3,400,000,000
Accordion Feature [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Subsequent Event [Line Items]
Long-term line of credit								$ 3,500,000,000
[1]	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.

DEBT (Details)

DEBT (Details)		Jul. 30, 2018USD ($)	May 02, 2018USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Accordion Feature [Member] | Maximum [Member] | Revolving Credit Facility [Member]
Long-term line of credit			$ 3,500,000,000
Line of Credit [Member] | Revolving Credit Facility [Member]
Long-term line of credit	[1]			$ 350,000,000	$ 350,000,000
Line of Credit [Member] | Maximum [Member] | Revolving Credit Facility [Member]
Long-term line of credit			$ 3,400,000,000
Fronting fee percentage			0.25%
Base Rate [Member] | Line of Credit [Member] | Maximum [Member] | Revolving Credit Facility [Member]
Basis spread on variable rate			1.00%
Base Rate [Member] | Line of Credit [Member] | Minimum [Member] | Revolving Credit Facility [Member]
Basis spread on variable rate			0.25%
London Interbank Offered Rate (LIBOR) [Member] | Line of Credit [Member] | Maximum [Member] | Revolving Credit Facility [Member]
Basis spread on variable rate			2.00%
London Interbank Offered Rate (LIBOR) [Member] | Line of Credit [Member] | Minimum [Member] | Revolving Credit Facility [Member]
Basis spread on variable rate			1.25%
Company Credit Rating [Member] | Line of Credit [Member] | Maximum [Member] | Revolving Credit Facility [Member]
Basis spread on variable rate			1.75%
Company Credit Rating [Member] | Line of Credit [Member] | Minimum [Member] | Revolving Credit Facility [Member]
Basis spread on variable rate			1.00%
PBF Logistics LP [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]
Long-term line of credit	[1]			$ 50,000,000	$ 29,700,000
Line of Credit Facility, Maximum Borrowing Capacity		$ 500,000,000
Wells Fargo Bank [Member] | PBF Logistics LP [Member] | Swing Line Loan [Member] | Standby Letters of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity		25,000,000
Wells Fargo Bank [Member] | PBF Logistics LP [Member] | Line of Credit [Member] | Standby Letters of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity		75,000,000
Line of Credit Facility, Available Increase in Borrowing Capacity		250,000,000
Line of Credit Facility, Maximum Including Higher Borrowing Capacity Option		$ 750,000,000
Wells Fargo Bank [Member] | PBF Logistics LP [Member] | Line of Credit [Member] | Line of Credit [Member]
Term of Renewal		1 year
Number of Contract Renewals		2
Wells Fargo Bank [Member] | PBF Logistics LP [Member] | Base Rate [Member] | Line of Credit [Member] | Maximum [Member] | Line of Credit [Member]
Basis spread on variable rate		1.75%
Wells Fargo Bank [Member] | PBF Logistics LP [Member] | Base Rate [Member] | Line of Credit [Member] | Minimum [Member] | Line of Credit [Member]
Basis spread on variable rate		0.75%
Wells Fargo Bank [Member] | PBF Logistics LP [Member] | London Interbank Offered Rate (LIBOR) [Member] | Line of Credit [Member] | Maximum [Member] | Line of Credit [Member]
Basis spread on variable rate		2.75%
Wells Fargo Bank [Member] | PBF Logistics LP [Member] | London Interbank Offered Rate (LIBOR) [Member] | Line of Credit [Member] | Minimum [Member] | Line of Credit [Member]
Basis spread on variable rate		1.75%
[1]	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.