PBF Energy (PBF) 10-K 13 Feb 25 2024 FY Annual report Financial data

Document and Entity Information

Document and Entity Information Document - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2024	Feb. 07, 2025	Jun. 30, 2024
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-35764
Entity Registrant Name	PBF ENERGY INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-3763855
Entity Address, Address Line One	One Sylvan Way, Second Floor
Entity Address, City or Town	Parsippany
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07054
City Area Code	973
Local Phone Number	455-7500
Title of 12(b) Security	Class A Common Stock, par value $.001
Trading Symbol	PBF
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 5.3
Documents Incorporated by Reference	PBF Energy Inc. intends to file with the Securities and Exchange Commission a definitive Proxy Statement for its Annual Meeting of Stockholders within 120 days after December 31, 2024. Portions of the Proxy Statement are incorporated by reference in Part III of this Form 10-K to the extent stated herein.
Entity Central Index Key	0001534504
Amendment Flag	false
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		115,313,481
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		12

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Audit Information [Abstract]
Auditor Name	KPMG LLP
Auditor Location	Short Hills, New Jersey
Auditor Firm ID	185

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 536.1	$ 1,783.5
Accounts receivable	1,165	1,362.5
Inventories	2,595.3	3,183.1
Prepaid and other current assets	247.5	267.5
Total current assets	4,543.9	6,596.6
Property, plant and equipment (net of accumulated depreciation of $2,165.6 and $1,912.1, respectively)	5,067.7	4,978.1
Equity method investment in SBR	866.8	881
Lease right of use assets	845.3	789.1
Deferred charges and other assets, net	1,379.5	1,143
Total assets	12,703.2	14,387.8
Current liabilities:
Accounts payable	735.6	959
Accrued expenses	2,533.5	3,020
Payable pursuant to Tax Receivable Agreement	125.4	43
Deferred revenue	43.8	64.1
Current operating lease liabilities	187.8	131.2
Total current liabilities	3,626.1	4,217.3
Long-term debt	1,457.3	1,245.9
Payable pursuant to Tax Receivable Agreement	168.2	293.6
Deferred tax liabilities	836	1,073.3
Long-term operating lease liabilities	622.2	608.8
Long-term financing lease liabilities	35.4	46.1
Other long-term liabilities	279.4	271.5
Total liabilities	7,024.6	7,756.5
Commitments and contingencies (Note 11)
Equity:
Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares outstanding at December 31, 2024 and December 31, 2023	0	0
Treasury stock, at cost, 31,479,723 shares outstanding at December 31, 2024 and 23,419,532 shares outstanding at December 31, 2023	(1,222.8)	(868.2)
Additional paid in capital	3,338.7	3,278.8
Retained earnings	3,436.2	4,089.9
Accumulated other comprehensive income (loss)	(8)	(12.3)
Total PBF Energy Inc. equity	5,544.2	6,488.3
Noncontrolling interest	134.4	143
Total equity	5,678.6	6,631.3
Total liabilities and equity	12,703.2	14,387.8
Class A Common Stock
Equity:
Common stock, value, issued	0.1	0.1
Class B Common Stock
Equity:
Common stock, value, issued	$ 0	$ 0

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Accumulated depreciation	$ 2,165.6	$ 1,912.1
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares outstanding (in shares)	0	0
Treasury stock, at cost, 23,419,532 shares outstanding at December 31, 2023 and 10,937,916 shares outstanding at December 31, 2022 (in shares)	31,479,723	23,419,532
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares outstanding (in shares)	115,311,992	120,440,620
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	1,000,000	1,000,000
Common stock, shares outstanding (in shares)	12	12

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Revenues		$ 33,115.3	$ 38,324.8	$ 46,830.3
Cost and expenses:
Cost of products and other		30,266.7	32,671.3	39,049.1
Operating expenses (excluding depreciation and amortization expense as reflected below)		2,606.2	2,694.9	2,599
Depreciation and amortization expense		614.6	560	503.6
Cost of sales		33,487.5	35,926.2	42,151.7
General and administrative expenses (excluding depreciation and amortization expense as reflected below)		260.4	362.5	468.7
Depreciation and amortization expense		13.2	11.5	7.5
Change in fair value of contingent consideration, net		(3.3)	(45.8)	48.3
Equity loss in investee		47.4	45.3	0
Loss (gain) on formation of SBR equity method investment		8.7	(925.1)	0
Loss (gain) on sale of assets		0.4	(1.3)	0.9
Total cost and expenses		33,814.3	35,373.3	42,677.1
Income (loss) from operations		(699)	2,951.5	4,153.2
Other income (expense):
Interest expense (net of interest income of $51.2, $75.0, and $20.6, respectively)		(72)	(63.8)	(246)
Change in Tax Receivable Agreement liability		0	2	(290.3)
Change in fair value of catalyst obligations		0	1.1	(2)
Loss on extinguishment of debt		0	(5.7)	(66.1)
Other non-service components of net periodic benefit cost		2.4	0.7	8.8
Income (loss) before income taxes		(768.6)	2,885.8	3,557.6
Income tax (benefit) expense		(228.4)	723.8	584.8
Net income (loss)		(540.2)	2,162	2,972.8
Less: net income attributable to noncontrolling interests		(6.4)	21.5	96
Net income (loss) attributable to PBF Energy Inc. stockholders		$ (533.8)	$ 2,140.5	$ 2,876.8
Weighted-average shares of Class A common stock outstanding
Basic (in shares)	[1]	116,248,827	124,953,858	122,598,076
Diluted (in shares)		117,111,607	130,509,448	126,860,106
Net income (loss) available to Class A common stock per share:
Basic (in usd per share)		$ (4.59)	$ 17.13	$ 23.47
Diluted (in usd per share)		$ (4.60)	$ 16.52	$ 22.84
[1]The diluted earnings per share calculation generally assumes the conversion of all outstanding PBF LLC Series A Units to PBF Energy Class A common stock. 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 26.0%, 26.0% and 25.9% annualized statutory corporate tax rate for the years ended December 31, 2024, 2023 and 2022, respectively) attributable to the converted units.

Condensed Consolidated Statemen

Condensed Consolidated Statement of Operations (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Interest income, other	$ 51.2	$ 75	$ 20.6

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (540.2)	$ 2,162	$ 2,972.8
Other comprehensive income (loss):
Unrealized loss on available for sale securities	(0.3)	(0.4)	(2.5)
Net gain (loss) on pension and other post-retirement benefits	4.6	(10.4)	(16.3)
Total other comprehensive income (loss)	4.3	(10.8)	(18.8)
Comprehensive income (loss)	(535.9)	2,151.2	2,954
Less: comprehensive income (loss) attributable to noncontrolling interests	(6.4)	21.5	96
Comprehensive income (loss) attributable to PBF Energy Inc. stockholders	$ (529.5)	$ 2,129.7	$ 2,858

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity Statement - USD ($) $ in Millions	Total	Class A Common Stock	Class B Common Stock	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2021				120,319,577	15				6,676,809
Beginning balance at Dec. 31, 2021	$ 2,532.8			$ 0.1	$ 0	$ 2,874	$ (796.1)	$ 17.3	$ (169.1)	$ 606.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	2,954						2,876.8	(18.8)		96
Distributions to PBF Energy Company LLC members	(8.6)									(8.6)
Distributions to PBF Logistics LP public unitholders	(40.3)									(40.3)
Dividends	(24.7)						(24.7)
Stock-based compensation	43.4					33.2				10.2
Transactions in connection with stock-based compensation plans (in shares)				4,680,161
Transactions in connection with stock-based compensation plans	67.8					86.5				(18.7)
Exchange of PBF Energy Company LLC Series A Units for Class A common stock (in shares)				35,992	(2)
Exchange of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock	$ 0					0.1				(0.1)
PBFX Merger Transaction (in shares)	8,864,684
PBFX Merger Transaction	$ (303.7)					216				(519.7)
Effect of change in deferred tax assets and liabilities and tax receivable agreement obligation	(9.7)					(9.7)
Treasury stock purchases (in shares)				(4,261,107)					4,261,107
Treasury stock purchases	(156.4)					1.5			$ (157.9)
Other	1.4									1.4
Ending balance, shares (in shares) at Dec. 31, 2022				129,639,307	13				10,937,916
Ending balance at Dec. 31, 2022	5,056			$ 0.1	$ 0	3,201.6	2,056	(1.5)	$ (327)	126.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	2,151.2						2,140.5	(10.8)		21.5
Distributions to PBF Energy Company LLC members	(5.3)									(5.3)
Dividends	(106.6)						(106.6)
Stock-based compensation	35.8					35.8
Transactions in connection with stock-based compensation plans (in shares)				3,229,920
Transactions in connection with stock-based compensation plans	44.5					44.5
Exchange of PBF Energy Company LLC Series A Units for Class A common stock (in shares)				53,009	(1)
Exchange of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock	0
Effect of change in deferred tax assets and liabilities and tax receivable agreement obligation	(4.5)					(4.5)
Treasury stock purchases (in shares)				(12,481,616)					12,481,616
Treasury stock purchases	(539.9)					1.3			$ (541.2)
Other	0.1					0.1
Ending balance, shares (in shares) at Dec. 31, 2023		120,440,620	12	120,440,620	12				23,419,532
Ending balance at Dec. 31, 2023	6,631.3			$ 0.1	$ 0	3,278.8	4,089.9	(12.3)	$ (868.2)	143
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	(535.9)						(533.8)	4.3		(6.4)
Distributions to PBF Energy Company LLC members	(1.6)									(1.6)
Dividends	(119.9)						(119.9)
Stock-based compensation	35.2					35.2
Transactions in connection with stock-based compensation plans (in shares)				2,931,563
Transactions in connection with stock-based compensation plans	24.7					24.7
Exchange of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock	0					0.6				(0.6)
Effect of change in deferred tax assets and liabilities and tax receivable agreement obligation	(0.6)					(0.6)
Treasury stock purchases (in shares)				(8,060,191)					8,060,191
Treasury stock purchases	(354.6)								$ (354.6)
Ending balance, shares (in shares) at Dec. 31, 2024		115,311,992	12	115,311,992	12				31,479,723
Ending balance at Dec. 31, 2024	$ 5,678.6			$ 0.1	$ 0	$ 3,338.7	$ 3,436.2	$ (8)	$ (1,222.8)	$ 134.4

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity Statement (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Class A Common Stock
Dividends per common share (in dollars per share)	$ 1.025	$ 0.85	$ 0.20

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net income (loss)	$ (540.2)	$ 2,162	$ 2,972.8
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	643	591.6	533.9
Stock-based compensation	44.3	51.5	54.3
Change in fair value of catalyst obligations	0	(1.1)	2
Deferred income taxes	(239.2)	537	420.2
Change in Tax Receivable Agreement liability	0	(2)	290.3
Non-cash change in inventory repurchase obligations	0	0	(5.4)
Change in fair value of contingent consideration, net	(3.3)	(45.8)	48.3
Loss on extinguishment of debt	0	5.7	66.1
Pension and other post-retirement benefit costs	51.9	47.9	47.6
Loss from equity method investment	47.4	45.3	0
Loss (gain) on formation of SBR equity method investment	8.7	(925.1)	0
Loss (gain) on sale of assets	0.4	(1.3)	0.9
Changes in operating assets and liabilities:
Accounts receivable	197.5	93.8	(178.8)
Inventories	587.9	(409)	(258.5)
Prepaid and other current assets	19.9	(102)	(5.4)
Accounts payable	(196.7)	124.7	(95.7)
Accrued expenses	(475.9)	(743.5)	881
Deferred revenue	(20.3)	23.5	(2.1)
Payment related to Tax Receivable Agreement	(44.8)	0	0
Other assets and liabilities	(37.2)	(114.7)	0.5
Net cash provided by operating activities	43.4	1,338.5	4,772
Cash flows from investing activities:
Expenditures for property, plant and equipment	(390.9)	(659.6)	(633.3)
Expenditures for deferred turnaround costs	(576.7)	(473.5)	(311.6)
Expenditures for other assets	(40.7)	(40.5)	(66)
Equity method investment - contribution	(35)	(15.4)	0
Equity method investment - return of capital	1.8	846	0
Proceeds from sale of assets	0	4.4	0
Net cash used in investing activities	(1,041.5)	(338.6)	(1,010.9)
Cash flows from financing activities:
PBFX Merger Transaction payment	0	0	(303.7)
Dividend payments	(119)	(105.8)	(24.7)
Distributions to PBFX Public Unitholders	0	0	(40.3)
Payments of capital distribution	(1.6)	(5.3)	(8.6)
Settlements of precious metal catalyst obligations	0	(3.1)	(56.2)
Payments on financing leases	(12.2)	(14.1)	(11.3)
Proceeds from insurance premium financing	123.2	13	2.1
Payments of insurance premium financing	(111.9)	0	0
Transactions in connection with stock-based compensation plans, net	1.4	38.3	67.8
Payments of contingent consideration	0	(80.1)	(3.1)
Share repurchases of PBF Energy’s Class A common stock	(329.1)	(532.5)	(156.4)
Deferred financing costs and other	(0.1)	(35.8)	(31.3)
Net cash used in financing activities	(249.3)	(1,420)	(2,899)
Net change in cash and cash equivalents	(1,247.4)	(420.1)	862.1
Cash and cash equivalents, beginning of period	1,783.5	2,203.6	1,341.5
Cash and cash equivalents, end of period	536.1	1,783.5	2,203.6
Non-cash activities:
Accrued and unpaid capital expenditures	85.5	145	166.1
Assets acquired or remeasured under operating and financing leases	288.6	271.6	54.7
Contribution of assets to SBR equity method investment	(8.7)	(748.3)	0
Settlement of affiliate note payable to fund investment in SBR working capital	0	(74.9)	0
Cash paid during the year for:
Interest, net of capitalized interest of $18.6, $38.2 and $25.0 in 2024, 2023 and 2022, respectively	93.1	103.6	249.7
Income taxes	17.7	299	148.9
2030 Senior Notes
Cash flows from financing activities:
Proceeds from issuance of long-term debt	0	496.6	0
2028 Senior Notes
Cash flows from financing activities:
Repayments of long-term debt	0	0	(21.1)
2025 Senior Notes Redeemed
Cash flows from financing activities:
Repayments of long-term debt	0	(666.2)	0
2025 Senior Notes Repurchased
Cash flows from financing activities:
Repayments of long-term debt	0	0	(4.8)
2025 Senior Secured Notes
Cash flows from financing activities:
Repayments of long-term debt	0	0	(1,307.4)
PBF Energy Revolving Credit Facility
Cash flows from financing activities:
Proceeds from revolver borrowings	200	0	400
Repayments of revolver borrowings	0	0	(1,300)
PBFX Revolving Credit Facility
Cash flows from financing activities:
Repayments of revolver borrowings	0	0	(100)
PBFX 2023 Senior Notes
Cash flows from financing activities:
Repayments of short-term debt	$ 0	$ (525)	$ 0

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Cash Flows [Abstract]
Capitalized interest	$ 18.6	$ 38.2	$ 25

DESCRIPTION OF THE BUSINESS AND

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2024
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”) is the sole managing member of PBF Energy Company LLC (“PBF LLC”), 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 (refer to “Note 14 - Noncontrolling Interests”). PBF Energy holds a 99.3% economic interest in PBF LLC as of December 31, 2024 through its ownership of PBF LLC Series C Units, which are held solely by PBF Energy. Holders of PBF LLC Series A Units, which are held by parties other than PBF Energy (“the members of PBF LLC other than PBF Energy”), hold the remaining 0.7% economic interest in PBF LLC. In addition, the amended and restated limited liability company agreement of PBF LLC provides that any PBF LLC Series A Units acquired by PBF Energy will automatically be reclassified as PBF LLC Series C Units in connection with such acquisition. PBF LLC, together with its consolidated subsidiaries, owns and operates oil refineries and related facilities in North America. PBF LLC, together with its subsidiaries, owns an interest in an equity method investment that owns and operates a biorefinery co-located with the Chalmette refinery in Louisiana (the “Renewable Diesel Facility”). Collectively, PBF Energy and its consolidated subsidiaries, are referred to hereinafter as the “Company” unless the context otherwise requires. Substantially all of the Company’s operations are in the United States. The Company operates in two reportable 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 represent the Refining segment. PBF Logistics LP (“PBFX”) operates logistics assets such as crude oil and refined products terminals, pipelines and storage facilities. The Logistics segment consists solely of PBFX’s operations. Investment in Equity Method Investee On June 27, 2023, the Company contributed certain assets to St. Bernard Renewables LLC (“SBR”), a jointly held investment between the Company and Eni Sustainable Mobility US. Inc., a controlled subsidiary of Eni S.p.A. (collectively “Eni”). The Company accounts for its 50% equity ownership of SBR as an equity method investment, as the Company has significant influence, but not control, over SBR. PBFX Merger Transaction On November 30, 2022, PBF Energy, PBF LLC, PBFX Holdings Inc., a Delaware corporation and wholly-owned subsidiary of PBF LLC, Riverlands Merger Sub LLC, a Delaware limited liability company and wholly owned subsidiary of PBF LLC, PBFX, and PBF Logistics GP LLC closed on a definitive agreement (the “Merger Agreement”) pursuant to which PBF Energy and PBF LLC acquired all of the publicly held common units in PBFX representing limited partner interests in the master limited partnership not already owned by certain wholly-owned subsidiaries of PBF Energy and its affiliates (the “Merger Transaction”). Subsequent to closing on the Merger Transaction, PBFX became an indirect wholly-owned subsidiary of PBF Energy and PBF LLC. At the effective time of the closing of the Merger Transaction, pursuant to the terms of the Merger Agreement, each PBFX Public Common Unit was converted into the right to receive: (i) 0.27 of a share of Class A Common Stock, par value $0.001 per share, of PBF Energy, (ii) $9.25 in cash, without interest, and (iii) any cash in lieu of fractional shares of PBF Energy Common Stock to which the holder thereof became entitled upon surrender of such PBFX Public Common Units in accordance with the Merger Agreement. Such Merger Agreement consideration totaled $303.7 million in cash and resulted in the issuance of 8,864,684 shares of PBF Energy Class A common stock. The PBFX Common Units owned by PBF LLC and PBFX Holdings Inc. and the non-economic general partner interest remained outstanding and were unaffected by the Merger Transaction. There was no change in ownership of the non-economic general partner interest. The Merger Transaction was accounted for in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810, Consolidation . Because the Company controlled PBFX both before and after the Merger Transaction, the changes in the Company’s ownership interest in PBFX resulting from the Merger Transaction was accounted for as an equity transaction, and no gain or loss was recognized in the Company’s Consolidated Statements of Operations. In addition, the tax effects of the Merger Transaction were recorded as adjustments to other assets, deferred income taxes and additional paid-in capital consistent with ASC 740, Income Taxes (“ASC 740”).

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation and Presentation These Consolidated Financial Statements include the accounts of PBF Energy and subsidiaries in which PBF Energy has a controlling interest. All intercompany accounts and transactions have been eliminated in consolidation. Cost Classifications Cost of products and other consists of the cost of crude oil, other feedstocks, blendstocks and purchased refined products and the related in-bound freight and transportation costs. Operating expenses (excluding depreciation and amortization) consists of direct costs of labor, maintenance and services, utilities, property taxes, environmental compliance costs and other direct operating costs incurred in connection with the Company’s refining operations. Such expenses exclude depreciation related to refining and logistics assets that are integral to the refinery production process, which is presented separately as Depreciation and amortization expense as a component of Cost of sales on the Company’s Consolidated Statements of Operations. Use of Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the related disclosures. Actual results could differ from those estimates. Impairment Assessment of Long-Lived Assets and Definite-Lived Intangibles The Company evaluates long-lived assets for impairment on a continual basis and reassesses the reasonableness of their related useful lives whenever events or changes in circumstances warrant assessment. Possible triggering events may include, among other things, significant adverse changes in the business climate, market conditions, environmental regulations or a determination that it is more likely than not that an asset or an asset group will be sold or retired before its estimated useful life. These possible triggering events of impairment may impact the Company’s assumptions related to future throughput levels, future operating revenues, expenses and gross margin, levels of anticipated capital expenditures and remaining useful life. Long-lived assets are tested for recoverability whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. A long-lived asset is not recoverable if its carrying amount exceeds the sum of the undiscounted cash flows expected to result from its use, early retirement or disposition. Cash flows for long-lived assets/asset groups are determined at the lowest level for which identifiable cash flows exist. The cash flows from the refinery asset groups are evaluated individually regardless of product mix or fuel type produced. If a long-lived asset is not recoverable, an impairment loss is recognized for the amount by which the carrying amount of the long-lived asset exceeds its fair value, with fair value determined based on discounted estimated net cash flows or other appropriate methods. The Company’s assumptions incorporate inherent uncertainties that are at times difficult to predict and could result in impairment charges or accelerated depreciation in future periods if actual results materially differ from the estimated assumptions used. Equity Method Investment For equity investments that are not required to be consolidated under the variable or voting interest model, the Company evaluates the level of influence it is able to exercise over an entity’s operations to determine whether to use the equity method of accounting. The Company’s judgment regarding the level of influence over an equity method investment includes considering key factors such as its ownership interest, participation in policy-making and other significant decisions and material intercompany transactions. Equity investments for which the Company determines it has significant influence are accounted for as equity method investments. Amounts recognized for equity method investments are shown separately in the Company’s Consolidated Balance Sheets and adjusted for its share of the net earnings and losses of the investee and cash distributions, which is separately stated in its Consolidated Statements of Operations and its Consolidated Statements of Cash Flows. Contributions made to equity method investees at times are in the form of loan agreements. Loans provided to equity method investees that are made based on the Company's proportionate ownership percentage are accounted for as “in-substance capital contributions” and are treated as an increase to the investment. In addition, the Company treats interest paid in kind on the loan agreements as an “in-substance return of capital” and reduces its investment accordingly, rather than recording interest income. The Company evaluates its equity method investments presented for impairment whenever events or changes in circumstances indicate that the carrying amounts of such investments may be impaired. There were no impairment losses recorded on equity method investments for the year ended December 31, 2024. See “Note 6 - Equity Investment in SBR” for further information on the Company’s only current equity method investment. Variable Interest Entities The Company’s Consolidated Financial Statements include the financial statements of its subsidiaries and variable interest entities (“VIE”), of which the Company is the primary beneficiary. The Company evaluates all legal entities in which it holds an ownership or other financial interest to determine if the entity is a VIE. Variable interests can be contractual, ownership or other financial interests in an entity that change with changes in the fair value of the VIE’s assets. If the Company is not the primary beneficiary, the general partner or another limited partner may consolidate the VIE, and the Company records the investment as an equity method investment. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The carrying amount of the cash equivalents approximates fair value due to the short-term maturity of those instruments. Concentrations of Credit Risk For the years ended December 31, 2024 and December 31, 2023, only one customer, Shell plc (“Shell”), accounted for 10% or more of the Company’s revenues (approximately 13% and 14%, respectively). As of December 31, 2024 and December 31, 2023, only one customer, Shell, accounted for 10% or more of the Company’s total trade accounts receivable (approximately 18% and 19%, respectively). Revenue Recognition The Company sells various refined products primarily through its refinery subsidiaries and recognizes revenue related to the sale of products when control of the promised goods or services is transferred to the customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Refer to “Note 17 - Revenues” for further discussion of the Company’s revenue recognition policy. Accounts Receivable Accounts receivable are carried at invoiced amounts. An allowance for doubtful accounts is established, if required, to report such amounts at their estimated net realizable value. In estimating probable losses, management reviews accounts that are past due and determines if there are any known disputes. Excise taxes on sales of refined products that are collected from customers and remitted to various governmental agencies are reported on a net basis. Inventory Inventories are carried at the lower of cost or market (“LCM”). The cost of crude oil, feedstocks, blendstocks and refined products are determined under the last-in first-out (“LIFO”) method using the dollar value LIFO method with increments valued based on average purchase prices during the year. The cost of supplies and other inventories is determined principally on the weighted average cost method. RINs The Company is subject to obligations to purchase Renewable Identification Numbers (“RINs”) required to comply with the renewable fuel standard implemented by Environmental Protection Agency (“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 (the “RFS”). The Company’s overall RINs obligation is based on a percentage of domestic shipments of on-road fuels as established by 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. Leases The Company leases office space, office equipment, refinery facilities and equipment, railcars and other logistics assets primarily under non-cancelable operating leases, with terms typically ranging from one The Company determines whether a contract is or contains a lease at inception of the contract and whether that lease meets the classification criteria of a finance or operating lease. When available, the Company uses the rate implicit in the lease to discount lease payments to present value; however, most of the Company’s leases do not provide a readily determinable implicit rate. Therefore, the Company must discount lease payments based on an estimate of its incremental borrowing rate. For substantially all classes of underlying assets, the Company has elected the practical expedient not to separate lease and non-lease components, which allows for combining the components if certain criteria are met. For certain leases of refinery support facilities, the Company accounts for the non-lease service component separately. Property, Plant and Equipment Property, plant and equipment additions are recorded at cost. The Company capitalizes costs associated with the preliminary, pre-acquisition and development/construction stages of a major construction project. The Company capitalizes the interest cost associated with major construction projects based on the effective interest rate of total borrowings. The Company also capitalizes costs incurred in the acquisition and development of software for internal use, including the costs of software, materials, consultants and payroll-related costs for employees incurred in the application development stage. Depreciation is computed using the straight-line method over the following estimated useful lives: Computers, furniture and fixtures 3-7 years Leasehold improvements 20 years Process units and equipment 5-25 years Pipeline and equipment 5-25 years Buildings 25 years Railcars 50 years Maintenance and repairs are charged to operating expenses as they are incurred. Improvements and betterments, which extend the lives of the assets, are capitalized. Deferred Charges and Other Assets, Net Deferred charges and other assets include refinery turnaround costs, catalyst, precious metal catalysts, linefill, deferred financing costs and intangible assets. Refinery turnaround costs, which are incurred in connection with planned major maintenance activities, are capitalized when incurred and amortized on a straight-line basis over the period of time estimated to lapse until the next turnaround occurs, which is based on an engineering assessment. The amortization period generally ranges from 3 to 6 years; however, based on the specific facts and circumstances, different periods of deferral may occur. Precious metal catalysts, linefill and certain other intangibles are considered indefinite-lived assets as they are not expected to deteriorate in their prescribed functions. Such assets are assessed for impairment in connection with the Company’s review of its long-lived assets. Deferred financing costs are capitalized when incurred and amortized over the life of the loan. Intangible assets with finite lives primarily consist of emission credits, permits and customer relationships and are amortized over their estimated useful lives (generally 1 to 10 years). Asset Retirement Obligations The Company records an asset retirement obligation at fair value for the estimated cost to retire a tangible long-lived asset at the time the Company incurs that liability, which is generally when the asset is purchased, constructed, or leased. The Company records the liability when it has a legal or contractual obligation to incur costs to retire the asset and when a reasonable estimate of the fair value of the liability can be made. If a reasonable estimate cannot be made at the time the liability is incurred, the Company will record the liability when sufficient information is available to estimate the liability’s fair value. Certain of the Company’s asset retirement obligations are based on its legal obligation to perform remedial activity at its refinery sites when it permanently ceases operations of the long-lived assets. The Company therefore considers the settlement date of these obligations to be indeterminable. Accordingly, the Company cannot calculate an associated asset retirement liability for these obligations at this time. The Company will measure and recognize the fair value of these asset retirement obligations when the settlement date is determinable. Environmental Matters Liabilities for future remediation costs are recorded when environmental assessments and/or remedial efforts are probable, and the costs can be reasonably estimated. Other than for assessments, the timing and magnitude of these accruals generally are based on the completion of investigations or other studies or a commitment to a formal plan of action. Environmental liabilities are based on best estimates of probable future costs using currently available technology and applying current regulations, as well as the Company’s own internal environmental policies. The measurement of environmental remediation liabilities may be discounted to reflect the time value of money if the aggregate amount and timing of cash payments of the liabilities are fixed or reliably determinable. The actual settlement of the Company’s liability for environmental matters could materially differ from its estimates due to a number of uncertainties such as the extent of contamination, changes in environmental laws and regulations, potential improvements in remediation technologies and the participation of other responsible parties. Stock-Based Compensation Stock-based compensation includes the accounting effect of options to purchase PBF Energy Class A common stock granted by the Company to certain employees, Series A warrants issued or granted by PBF LLC to employees in connection with their acquisition of PBF LLC Series A units, options to acquire Series A units of PBF LLC granted by PBF LLC to certain employees, Series B units of PBF LLC that were granted to certain members of management and restricted PBF LLC Series A Units and restricted PBF Energy Class A common stock granted to certain directors and officers. The estimated fair value of the options to purchase PBF Energy Class A common stock and the PBF LLC Series A warrants and options is based on the Black-Scholes option pricing model and the fair value of the PBF LLC Series B units is estimated based on a Monte Carlo simulation model. The estimated fair value is amortized as stock-based compensation expense on a straight-line method over the vesting period and included in General and administrative expense with forfeitures recognized in the period they occur. The Company grants performance share unit awards and performance unit awards to certain key employees. Performance awards granted to employees prior to November 1, 2020 are based on a three-year performance cycle with four measurement periods and performance awards granted to employees after November 1, 2020 are based on a three-year performance cycle having a single measurement period. The payout for each, which ranges from zero to 200%, is based on the relative ranking of the total shareholder return (“TSR”) of PBF Energy’s common stock as compared to the TSR of a selected group of industry peer companies over an average of four measurement periods. The performance share unit awards and performance unit awards are each measured at fair value based on Monte Carlo simulation models. The performance share unit awards will be settled in PBF Energy Class A common stock and are accounted for as equity awards and the performance unit awards will be settled in cash and are accounted for as liability awards. Income Taxes As a result of the PBF Energy’s acquisition of PBF LLC Series A Units or exchanges of PBF LLC Series A Units for PBF Energy Class A common stock, PBF Energy expects to benefit from amortization and other tax deductions reflecting the step up in tax basis in the acquired assets. Those deductions will be allocated to PBF Energy and will be taken into account in reporting PBF Energy’s taxable income. As a result of a federal income tax election made by PBF LLC, applicable to a portion of PBF Energy’s acquisition of PBF LLC Series A Units, the income tax basis of the assets of PBF LLC, underlying a portion of the units PBF Energy acquired, has been adjusted based upon the amount that PBF Energy paid for that portion of its PBF LLC Series A Units. PBF Energy entered into a tax receivable agreement with the PBF LLC Series A and PBF LLC Series B unitholders (the “Tax Receivable Agreement”), which provides for the payment by PBF Energy 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 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. As a result of these transactions, PBF Energy’s tax basis in its share of PBF LLC’s assets will be higher than the book basis of these same assets. This resulted in a deferred tax asset of $165.0 million as of December 31, 2024. Deferred taxes are calculated using a liability method, whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences represent the differences between reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment. PBF Energy recognizes tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. Interest and penalties on uncertain tax positions are included as a component of the provision for income taxes on the Consolidated Statements of Operations. The Company assesses the available positive and negative evidence to estimate whether sufficient future taxable income will be generated to permit use of existing deferred tax assets. On the basis of this evaluation, a valuation allowance is recorded to recognize only the portion of deferred tax assets that are more likely than not to be realized. The amount of the deferred tax assets considered realizable, however, could be adjusted if estimates of future taxable income during the carryover period are reduced or increased or if objective negative evidence in the form of cumulative losses is no longer present and additional weight is given to subjective evidence such as PBF Energy’s projections for future taxable income. The federal tax returns for all years since 2020 and state tax returns for all years since 2020 (see “Note 18 - Income Taxes”) are subject to examination by the respective tax authorities. Net Income Per Share Net income per share is calculated by dividing the net income available to PBF Energy Class A common stockholders by the weighted average number of shares of PBF Energy Class A common stock outstanding during the period. Diluted net income per share is calculated by dividing the net income available to PBF Energy Class A common stockholders, adjusted for the net income attributable to the noncontrolling interest and the assumed income tax expense thereon, by the weighted average number of PBF Energy Class A common shares outstanding during the period adjusted to include the assumed exchange of all PBF LLC Series A units outstanding for PBF Energy Class A common stock, if applicable under the if converted method, and the potentially dilutive effect of outstanding options to purchase shares of PBF Energy Class A common stock, performance share awards and options and warrants to purchase PBF LLC Series A Units, subject to forfeiture utilizing the treasury stock method. Pension and Other Post-Retirement Benefits The Company recognizes an asset for the overfunded status or a liability for the underfunded status of its pension and post-retirement benefit plans. The funded status is recorded within Other long-term liabilities or Other non-current assets. Changes in the plans’ funded status are recognized in other comprehensive income in the period the change occurs. Fair Value Measurement A fair value hierarchy (Level 1, Level 2, or Level 3) is used to categorize fair value amounts based on the quality of inputs used to measure fair value. Accordingly, fair values derived from Level 1 inputs utilize quoted prices in active markets for identical assets or liabilities. Fair values derived from Level 2 inputs are based on quoted prices for similar assets and liabilities in active markets, and inputs other than quoted prices that are either directly or indirectly observable for the asset or liability. Level 3 inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. The Company uses appropriate valuation techniques based on the available inputs to measure the fair values of its applicable assets and liabilities. When available, the Company measures fair value using Level 1 inputs because they generally provide the most reliable evidence of fair value. In some valuations, the inputs may fall into different levels in the hierarchy. In these cases, the asset or liability level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurements. Financial Instruments The estimated fair value of financial instruments has been determined based on the Company’s assessment of available market information and appropriate valuation methodologies. The Company’s non-derivative financial instruments that are included in current assets and current liabilities are recorded at cost in the Consolidated Balance Sheets. The estimated fair value of these financial instruments approximates their carrying value due to their short-term nature. Derivative instruments are recorded at fair value in the Consolidated Balance Sheets. The Company’s commodity contracts are measured and recorded at fair value using Level 1 inputs based on quoted prices in an active market, Level 2 inputs based on quoted market prices for similar instruments, or Level 3 inputs based on third-party sources and other available market based data. The Company’s catalyst obligations and derivatives related to the Company’s crude oil and feedstocks and refined product purchase obligations are measured and recorded at fair value using Level 2 inputs on a recurring basis, based on observable market prices for similar instruments. Derivative Instruments The Company is exposed to market risk, primarily related to changes in commodity prices for the crude oil and feedstocks used in the refining process as well as the prices of the refined products sold, and the risk associated with the price of credits needed to comply with various governmental and regulatory environmental compliance programs. The accounting treatment for commodity and environmental compliance contracts depends on the intended use of the particular contract and on whether or not the contract meets the definition of a derivative. All derivative instruments, not designated as normal purchases or sales, are recorded in the Consolidated Balance Sheets as either assets or liabilities measured at their fair values. Changes in the fair value of derivative instruments that either are not designated or do not qualify for hedge accounting treatment or normal purchase or normal sale accounting are recognized in earnings. Contracts qualifying for the normal purchase and sales exemption are accounted for upon settlement. Cash flows related to derivative instruments that are not designated or do not qualify for hedge accounting treatment are included in operating activities. The Company designates certain derivative instruments as fair value hedges of a particular risk associated with a recognized asset or liability. At the inception of the hedge designation, the Company documents the relationship between the hedging instrument and the hedged item, as well as its risk management objective and strategy for undertaking various hedge transactions. Derivative gains and losses related to these fair value hedges, including hedge ineffectiveness, are recorded in cost of sales along with the change in fair value of the hedged asset or liability attributable to the hedged risk. Cash flows related to derivative instruments that are designated as fair value hedges are included in operating activities. Economic hedges are hedges not designated as fair value or cash flow hedges for accounting purposes that are used to (i) manage price volatility in certain refinery feedstock and refined product inventories, and (ii) manage price volatility in certain forecasted refinery feedstock purchases and refined product sales. These instruments are recorded at fair value and changes in the fair value of the derivative instruments are recognized currently in cost of sales. Derivative accounting is complex and requires management judgment in the following respects: identification of derivatives and embedded derivatives, determination of the fair value of derivatives, documentation of hedge relationships, assessment and measurement of hedge ineffectiveness and election and designation of the normal purchases and sales exemption. All of these judgments, depending upon their timing and effect, can have a significant impact on the Company’s earnings. Recently Adopted Accounting Pronouncements In November 2023, FASB issued Accounting Standard Update (“ASU”) 2023-07, “Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures.” The amendments in this ASU improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The Company’s adoption of this guidance in December 2024 resulted in additional disclosure requirements but did not have a significant impact on its Consolidated Financial Statements. Recently Issued Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03, “Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses” (“ASU 2024-03”) which introduces new disclosure requirements aimed at enhancing the transparency of expense information presented in the financial statements. Specifically, it mandates that public business entities disaggregate certain expense captions presented on the face of the Consolidated Statements of Operations into specified natural expense categories within the notes to the financial statements. For public business entities, the amendments are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual periods, with early adoption permitted. An entity may apply the amendments in this ASU prospectively or retrospectively. We are currently evaluating the impact of adopting ASU 2024-03 on our consolidated financial statements. While we do not anticipate that the adoption of this ASU will have a material impact on our Consolidated Financial Statements, it will result in additional disclosure requirements in the notes to our financial statements. We will continue to monitor any further guidance or interpretations by the FASB related to this ASU and will provide updates in future filings. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740) - Improvements to Income Tax Disclosures” which focuses on the rate reconciliation and income taxes paid. ASU No. 2023-09 requires a public business entity to disclose, on an annual basis, a tabular rate reconciliation using both percentages and currency amounts, broken out into specified categories with certain reconciling items further broken out by nature and jurisdiction to the extent those items exceed a specified threshold. In addition, all entities are required to disclose income taxes paid, net of refunds received disaggregated by federal, state/local, and foreign and by jurisdiction if the amount is at least 5% of total income tax payments, net of refunds received. For public business entities, the new standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. An entity may apply the amendments in this ASU prospectively or retrospectively. The Company’s adoption of this guidance will result in additional disclosure requirements but is not anticipated to have a significant impact on its Consolidated Financial Statements.

CURRENT EXPECTED CREDIT LOSSES

CURRENT EXPECTED CREDIT LOSSES	12 Months Ended
	Dec. 31, 2024
Credit Loss [Abstract]
CURRENT EXPECTED CREDIT LOSSES	CURRENT EXPECTED CREDIT LOSSES Credit Losses The Company has exposure to credit losses primarily through its sales of refined products. The Company evaluates creditworthiness on an individual customer basis. The Company utilizes a financial review model for purposes of evaluating creditworthiness which is based on information from financial statements and credit reports. The financial review model enables the Company to assess the customer’s risk profile and determine credit limits on the basis of their financial strength, including but not limited to, their liquidity, leverage, debt serviceability, longevity and how they pay their bills. The Company may require security in the form of letters of credit or cash payments in advance of product delivery for certain customers that are deemed higher risk. The Company’s payment terms on its trade receivables are relatively short, generally 30 days or less for a substantial majority of its refined products. As a result, the Company’s collection risk is mitigated to a certain extent by the fact that sales are collected in a relatively short period of time, allowing for the ability to reduce exposure on defaults if collection issues are identified. Notwithstanding, the Company reviews each customer’s credit risk profile at least annually or more frequently if warranted. The Company performs a quarterly allowance for doubtful accounts analysis to assess whether an allowance needs to be recorded for any outstanding trade receivables. In estimating credit losses, management reviews accounts that are past due, have known disputes or have experienced any negative credit events that may result in future collectability issues. There was no allowance for doubtful accounts recorded as of December 31, 2024 or December 31, 2023.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following: (in millions) December 31, 2024 December 31, 2023 Crude oil and feedstocks $ 1,232.7 $ 1,495.4 Refined products and blendstocks 1,194.6 1,536.5 Warehouse stock and other 168.0 151.2 2,595.3 3,183.1 Lower of cost or market adjustment — — Total inventories $ 2,595.3 $ 3,183.1 As of December 31, 2024 and December 31, 2023 there was no LCM inventory adjustment recorded as the replacement value of inventories exceeded the LIFO carrying value by approximately $7.7 million and $49.9 million, respectively, reflecting no LCM inventory reserve. An actual valuation of inventories valued under the LIFO method is made at the end of each year based on inventory levels and costs at that time. The Company recorded a pre-tax charge related to a LIFO layer decrement of $124.5 million in the Refining segment during the year ended December 31, 2024. The majority of the decrement recorded in 2024 related to the Company’s East Coast and Gulf Coast LIFO inventory layers. There were no significant decrements recorded during the year ended December 31, 2023. On July 31, 2023, the Company terminated the third amended and restated inventory intermediation agreement (the “Inventory Intermediation Agreement”) previously entered into by and among PBF Holding Company LLC (“PBF Holding”) and its subsidiaries, Delaware City Refining Company LLC, Paulsboro Refining Company LLC and Chalmette Refining, L.L.C. (“Chalmette Refining”) (collectively, the “PBF Entities”), and J. Aron & Company, a subsidiary of The Goldman Sachs Group, Inc. (“J. Aron”). The Company made a payment of $268.0 million for the inventory previously held by J. Aron, inclusive of $13.5 million of related costs associated with exiting the agreement. Pursuant to the Inventory Intermediation Agreement, J. Aron had purchased and held title to certain inventory, including crude oil, intermediate and certain finished products purchased or produced by the Paulsboro and Delaware City refineries (and, at the election of the PBF Entities, the Chalmette refinery) (the “Refineries”) and delivered into storage tanks at the Refineries. Following the early termination, the Company purchased, and now owns, all of the inventory previously held by J. Aron.

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net consisted of the following: (in millions) December 31, December 31, Processing units, pipelines and equipment $ 5,727.4 $ 5,463.5 Land 527.9 530.9 Construction in progress 507.6 468.9 Computers, furniture and fixtures 258.3 221.5 Buildings and leasehold improvements 212.1 205.4 7,233.3 6,890.2 Less—Accumulated depreciation (2,165.6) (1,912.1) Total property, plant and equipment, net $ 5,067.7 $ 4,978.1 Depreciation expense for the years ended December 31, 2024, 2023 and 2022 was $255.5 million, $243.2 million and $236.5 million, respectively. The Company capitalized $18.6 million and $38.2 million in interest during 2024 and 2023, respectively, in connection with construction in progress.

EQUITY INVESTMENT IN SBR

EQUITY INVESTMENT IN SBR	12 Months Ended
	Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
EQUITY INVESTMENT IN SBR	EQUITY INVESTMENT IN SBR On June 27, 2023, the Company and Eni consummated the closing of the equity method investment transaction and the capitalization of SBR, a jointly held investee designed to own, develop, and operate the Renewable Diesel Facility. The Company contributed the SBR business with an estimated fair value of approximately $1.69 billion, excluding working capital, in exchange for $431.0 million of cash contributed by Eni at close and its 50% interest in the entity, which includes rights to special distributions from SBR (with corresponding amounts funded by Eni) based on the achievement of certain project milestones and performance criteria. The Company received the first special distribution of $414.6 million subsequent to the commercial start up of the pre-treatment unit in July 2023. These special distributions are reflected as return of capital on the Company’s Consolidated Statement of Cash flows under investing activities. During the year ended December 31, 2023, the Company recorded a gain of $925.1 million resulting from the difference between the fair value of the consideration received, including its 50% noncontrolling interest, and the carrying value of the related assets contributed. During the year ended December 31, 2024, the Company recorded an $8.7 million reduction of that gain. The Company determined that SBR is a VIE because the entity does not have sufficient equity at risk to fund its operations without additional financial support from its owners. The Company is not the primary beneficiary of this VIE because it does not have the ability to make the most relevant decisions that significantly affect its economic performance. The investment in SBR is accounted for under the equity method, and the Company has a maximum exposure to loss from it based on its recognized investment value. The Company has entered into agreements with SBR and/or its subsidiary that allow the Company to purchase environmental credits and hydrocarbon products at its election. The Company does not have any obligation to buy a specific amount of environmental credits under such agreements unless otherwise agreed. Refer to “Note 10- Related Party Transactions” for further information regarding related party transactions with SBR.

DEFERRED CHARGES AND OTHER ASSE

DEFERRED CHARGES AND OTHER ASSETS, NET	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
DEFERRED CHARGES AND OTHER ASSETS, NET	DEFERRED CHARGES AND OTHER ASSETS, NET Deferred charges and other assets, net consisted of the following: (in millions) December 31, December 31, Deferred turnaround costs, net $ 1,086.6 $ 860.8 Catalyst, net (a) 191.1 180.4 Environmental credits 42.5 42.5 Linefill 27.4 27.4 Pension plan assets 19.4 18.8 Other 12.5 13.1 Total deferred charges and other assets, net $ 1,379.5 $ 1,143.0 (a) Catalyst, net includes $115.0 million and $114.2 million of indefinite-lived precious metal catalysts as of December 31, 2024 and December 31, 2023, respectively. The Company recorded amortization expense related to deferred turnaround costs, catalyst and intangible assets of $358.3 million, $314.4 million and $262.0 million for the years ended December 31, 2024, 2023 and 2022, respectively. Intangible assets - net, included in “Other” above, primarily consists of customer relationships, permits and emission credits. Our net balance as of December 31, 2024 and December 31, 2023 is shown below: (in millions) December 31, December 31, Intangible assets - gross $ 25.5 $ 25.5 Accumulated amortization (17.4) (16.9) Intangible assets - net $ 8.1 $ 8.6

ACCRUED EXPENSES

ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2024
Payables and Accruals [Abstract]
ACCRUED EXPENSES	ACCRUED EXPENSES Accrued expenses consisted of the following: (in millions) December 31, December 31, Inventory-related accruals $ 1,398.8 $ 1,716.2 Renewable energy credit and emissions obligations (a) 465.9 429.8 Accrued transportation costs 175.2 170.5 Excise and sales tax payable 150.7 137.8 Accrued utilities 71.5 71.0 Accrued capital expenditures 52.7 85.5 Accrued purchases - SBR 47.8 28.3 Accrued refinery maintenance and support costs 45.5 60.2 Accrued interest 29.5 32.4 Accrued salaries and benefits 23.9 187.3 Current finance lease liabilities 11.2 12.2 Environmental liabilities 9.7 16.6 Contingent consideration — 21.6 Other 51.1 50.6 Total accrued expenses $ 2,533.5 $ 3,020.0 (a) The Company is subject to obligations to purchase RINs required to comply with RFS. The Company’s overall RINs obligation is based on a percentage of domestic shipments of on-road fuels as established by 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 (“AB 32”), to address environmental compliance and greenhouse gas and other emissions. These requirements include incremental costs to operate and maintain the Company’s 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. From time to time, the Company enters into forward purchase commitments in order to acquire its renewable energy and emissions credits at fixed prices. As of December 31, 2024, the Company had entered into $443.2 million of such forward purchase commitments with respect to its total accrued renewable energy and emissions obligations. The Company’s RIN obligations will be settled in accordance with established regulatory deadlines. The Company’s current AB 32 liability is part of an ongoing triennial period program which will be settled through 2027.

CREDIT FACILITIES AND DEBT

CREDIT FACILITIES AND DEBT	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
CREDIT FACILITIES AND DEBT	CREDIT FACILITIES AND DEBT Debt outstanding consisted of the following: (in millions) December 31, December 31, 2028 Senior Notes $ 801.6 $ 801.6 2030 Senior Notes 500.0 500.0 Revolving Credit Facility 200.0 — 1,501.6 1,301.6 Unamortized deferred financing costs (41.6) (52.5) Unamortized discount (2.7) (3.2) Long-term debt $ 1,457.3 $ 1,245.9 As of December 31, 2024, the Company is in compliance with all covenants, including financial covenants, in all its debt agreements. 2028 Senior Notes On January 24, 2020, PBF Holding entered into an indenture among PBF Holding and PBF Holding’s wholly-owned subsidiary, PBF Finance Corporation (together with PBF Holding, the “Issuers”), the guarantors named therein (collectively the “Guarantors”), Wilmington Trust, National Association, as Trustee and Deutsche Bank Trust Company Americas, as Paying Agent, Registrar, Transfer Agent and Authenticating Agent, under which the Issuers issued $1.0 billion in aggregate principal amount of the 6.00% senior unsecured notes due 2028 (the “2028 Senior Notes”). The Issuers received net proceeds of approximately $987.0 million from the offering after deducting the initial purchasers’ discount and offering expenses. The Company primarily used the net proceeds to fully redeem the 7.00% senior notes due 2023 (the “2023 Senior Notes”), including accrued and unpaid interest, on February 14, 2020, and to fund a portion of the cash consideration for the acquisition of the Martinez refinery and related logistics assets. The difference between the carrying value of the 2023 Senior Notes on the date they were reacquired and the amount for which they were reacquired has been classified as loss on extinguishment of debt in the Consolidated Statements of Operations. The 2028 Senior Notes included a registration rights arrangement whereby the Issuer and the Guarantors consummated an offer to exchange the 2028 Senior Notes for an issue of registered notes with terms substantially identical to the notes during the fourth quarter of 2020. As such, the Company did not have to transfer any consideration as a result of the registration rights agreement and thus no loss contingency was recorded. The 2028 Senior Notes are guaranteed on a senior unsecured basis by substantially all of PBF Holding’s subsidiaries. The 2028 Senior Notes and guarantees are senior unsecured obligations and rank equal in right of payment with all of the Issuers’ and the Guarantors’ existing and future indebtedness, including the PBF Holding’s asset-based revolving credit facility (“Revolving Credit Facility”) and the 7.875% senior unsecured notes due 2030 (the “2030 Senior Notes”). The 2028 Senior Notes and the guarantees rank senior in right of payment to the Issuers’ and the Guarantors’ existing and future indebtedness that is expressly subordinated in right of payment thereto. The 2028 Senior Notes and the guarantees are effectively subordinated to any of the Issuers’ and the Guarantors’ existing or future secured indebtedness (including the Revolving Credit Facility) to the extent of the value of the collateral securing such indebtedness. The 2028 Senior Notes and the guarantees are structurally subordinated to any existing or future indebtedness and other obligations of the Issuers’ non-guarantor subsidiaries. In addition, the 2028 Senior Notes contain customary terms, events of default and covenants for an issuer of non-investment grade debt securities. These covenants include limitations on the incurrence of additional indebtedness, equity issuances, and payments. Many of these covenants will cease to apply or will be modified if the 2028 Senior Notes are rated investment grade. Subsequent to February 15, 2023, the Issuers may redeem all or part of the 2028 Senior Notes, in each case at the redemption prices described in the indenture, together with any accrued and unpaid interest through the date of redemption. 2030 Senior Notes On August 21, 2023, PBF Holding entered into an indenture among the Issuers, the Guarantors, Wilmington Trust, National Association, as Trustee and Deutsche Bank Trust Company Americas, as Paying Agent, Registrar, Transfer Agent and Authenticating Agent, under which the Issuers issued $500.0 million in aggregate principal amount of the 2030 Senior Notes, at an issue price of 99.324%. The Issuers received net proceeds of approximately $488.8 million from the offering after deducting the initial purchasers’ discount and offering expenses. The Company used the net proceeds, together with cash on hand, to fully redeem the outstanding 7.25% senior unsecured notes due 2025, including accrued and unpaid interest, on September 13, 2023. The 2030 Senior Notes are guaranteed on a senior unsecured basis by substantially all of PBF Holding’s subsidiaries. The 2030 Senior Notes and guarantees are senior unsecured obligations and rank equal in right of payment with all of the Issuers’ and the Guarantors’ existing and future senior indebtedness, including the Revolving Credit Facility and the 2028 Senior Notes. The 2030 Senior Notes and the guarantees rank senior in right of payment to the Issuers’ and the Guarantors’ existing and future indebtedness that is expressly subordinated in right of payment thereto. The 2030 Senior Notes and the guarantees are effectively subordinated to any of the Issuers’ and the Guarantors’ existing or future secured indebtedness (including the Revolving Credit Facility) to the extent of the value of the collateral securing such indebtedness. The 2030 Senior Notes and the guarantees are structurally subordinated to any existing or future indebtedness and other obligations of the Issuers’ non-guarantor subsidiaries. In addition, the 2030 Senior Notes contain customary terms, events of default and covenants for an issuer of non-investment grade debt securities. These covenants include limitations on the incurrence of additional indebtedness, equity issuances, and payments. Many of these covenants will cease to apply or will be modified if the 2030 Senior Notes are rated investment grade. At any time prior to September 15, 2026, the Issuers may on any one or more occasions redeem up to 35% of the aggregate principal amount of the 2030 Senior Notes in an amount not greater than the net cash proceeds of certain equity offerings at a redemption price equal to 107.875% of the principal amount of the 2030 Senior Notes, plus any accrued and unpaid interest through the date of redemption; provided that at least 65% of the aggregate principal amount of the notes originally issued under the indenture governing the 2030 Senior Notes remains outstanding immediately after the occurrence of each such redemption. On or after September 15, 2026, the Issuers may redeem all or part of the 2030 Senior Notes, in each case at the redemption prices described in the indenture, together with any accrued and unpaid interest through the date of redemption. In addition, prior to September 15, 2026, the Issuers may redeem all or part of the 2030 Senior Notes at a “make-whole” redemption price described in the indenture, together with any accrued and unpaid interest through the date of redemption. PBF Holding Revolving Credit Facility On August 23, 2023, PBF Holding and certain of its wholly-owned subsidiaries, as borrowers or subsidiary guarantors, entered into an amended and restated asset-based revolving credit agreement, among PBF Holding, Bank of America, National Association as administrative agent, and certain other lenders (the “Revolving Credit Agreement”). The Revolving Credit Agreement amended and restated the previously existing revolving credit agreement dated as of May 2, 2018 (as amended from time to time, the “Prior Credit Agreement”). Among other things, the Revolving Credit Agreement extended the Revolving Credit Facility through August 2028 and increased the maximum commitment amount under the facility to $3.5 billion from $2.85 billion. The commitment fees on the unused portion, the interest rate on advances and the fees for letters of credit are generally consistent with the Prior Credit Agreement. The Revolving Credit Facility contains representations, warranties and covenants by PBF Holding and the other borrowers, as well as customary events of default and indemnification obligations that are consistent with those in the Prior Credit Agreement. PBF Holding may from time to time by written notice to the Administrative Agent (as defined in the Revolving Credit Agreement) elect to request after the commencement of the revolving availability period and prior to the revolving maturity date, increases to the existing revolving commitments by an amount not in excess of an aggregate amount equal to the sum of (1) $500.0 million, plus (2) an amount equal to all voluntary prepayments that have resulted in permanent reductions of the revolving commitments, plus (3) solely after the use of the amount set forth in clause (1), an amount equal to suppressed availability determined as of the date of such notice. Each such notice shall specify (i) the date on which PBF Holding proposes that the increased or new revolving commitments shall be effective, which shall be a date not less than 5 business days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee (as defined in the Revolving Credit Agreement) to whom PBF Holding proposes any portion of such increased or new revolving commitments be allocated and the amounts of such allocations; provided that any existing lender approached to provide all or a portion of the increased or new revolving commitments may elect or decline, in its sole discretion, to provide such increased or new revolving commitment. Borrowings under the Revolving Credit Facility bear interest at the Alternative Base Rate plus the Applicable Margin or at the Term SOFR Rate plus the Applicable Margin (all as defined in the Revolving 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 Term SOFR Loans, in each case depending on the Company’s corporate credit rating. In addition, the LC Participation Fee ranges from 1.25% to 2.00% depending on the Company’s corporate credit rating and the Fronting Fee is capped at 0.25%. The 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 and acquisitions, 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 Revolving Credit Agreement. In addition, the Revolving Credit Agreement has a financial covenant which requires that if at any time Excess Availability, as defined in the Revolving 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) $100.0 million, and until such time as Excess Availability is greater than the Financial Covenant Testing Amount and $100.0 million for a period of 12 or more consecutive days, PBF Holding will not permit the Consolidated Fixed Charge Coverage Ratio, as defined in the Revolving Credit Agreement and determined as of the last day of the most recently completed quarter, to be less than 1 to 1. PBF Holding’s obligations under the Revolving Credit Facility are (a) guaranteed by each of its domestic operating subsidiaries that are not Excluded Subsidiaries (as defined in the Revolving Credit Agreement) and (b) secured by a lien on (i) PBF LLC’s equity interest in PBF Holding and (ii) certain assets of PBF Holding and the subsidiary guarantors, including all deposit accounts (other than zero balance accounts, cash collateral accounts, trust accounts and/or payroll accounts, all of which are excluded from the definition of collateral), all accounts receivable, all hydrocarbon inventory (other than certain inventory owned by third parties under permittable inventory intermediation or similar agreements, as applicable) and to the extent evidencing, governing, securing or otherwise related to the foregoing, all general intangibles, chattel paper, instruments, documents, letter of credit rights and supporting obligations; and all products and proceeds of the foregoing. The Revolving Credit Agreement also allows the Company to sell certain Eligible Receivables (as defined in the Revolving Credit Agreement) derived from the sale of refined product over truck racks. Under its $300.0 million uncommitted receivables purchase facility (the “Receivables Facility”), the Company sells such receivables to a bank subject to bank approval and certain conditions. The sales of receivables under the Receivables Facility are absolute and irrevocable but subject to certain repurchase obligations under certain circumstances. There were $200.0 million outstanding borrowings under the Revolving Credit Facility as of December 31, 2024. There were no outstanding borrowings as of December 31, 2023. Issued letters of credit were $128.3 million and $55.0 million as of December 31, 2024 and 2023, respectively. Debt Maturities Debt maturing in the next five years and thereafter is as follows (in millions): Year Ending December 31, (in millions) 2025 $ — 2026 — 2027 — 2028 1,001.6 2029 — Thereafter 500.0 Total debt outstanding $ 1,501.6

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Investments in PBF LLC Pursuant to the amended and restated limited liability company agreement of PBF LLC, the holders of PBF LLC Series B Units are entitled to an interest in the amounts received by the investment funds associated with the initial investors in PBF LLC in excess of their original investment in the form of PBF LLC distributions and from the shares of PBF Energy Class A common stock issuable to such investment funds (for their own account and on behalf of the holders of PBF LLC Series B Units) upon an exchange, and the proceeds from the sale of such shares. Such proceeds received by the investment funds associated with the initial investors in PBF LLC are distributed to the holders of the PBF LLC Series B Units in accordance with the distribution percentages specified in the PBF LLC amended and restated limited liability company agreement. There were distributions of $4.2 million to PBF LLC Series B unitholders for the year ended December 31, 2024. There were no such distributions to PBF LLC Series B unitholders during the years ended December 31, 2023 and December 31, 2022. Investment funds associated with the initial investors in PBF LLC may be entitled to future Tax Receivable Agreement payments in which the Series B Unitholders are entitled to a distribution payment pursuant to the PBF LLC amended and restated limited liability company agreement. In January 2025, the Company made payments under the Tax Receivable Agreement relating to the 2023 tax year of $130.8 million, inclusive of interest of $5.4 million and $15.1 million paid to Series B Unit holders. Refer to “Note 18 - Income Taxes” for a more detailed description of the Tax Receivable Agreement. Transactions and agreements with SBR The Company and its subsidiaries have entered into various agreements with SBR, in which it has a 50% equity investment, but does not control. In connection with the commencement of operations at SBR, the Company has provided limited financial performance guarantees to certain of SBR’s third-party suppliers for various commercial transactions, primarily for the purchase of feedstock inventory. Although the Company does not currently expect to perform under such guarantees, it is entitled to certain indemnification protections from Eni in the event that it is required to perform. Commercial Agreements PBF Holding has entered into commercial agreements with SBR for the purchase and sale of RINs and Low Carbon Fuel Standard (“LCFS”) credits. The Agreement for the Sale and Purchase of Renewable Identification Numbers was initiated on June 1, 2023, and the Leadership for Energy Automated Processing Master Agreement for Purchasing and Selling of LCFS credits was initiated on August 1, 2023. Both agreements had initial terms of three months. Upon the expiration of the initial terms, both agreements have been, and may continue to be, automatically renewed for successive three-month periods, unless earlier terminated by the Company or SBR via written notice at least two months in advance of expiration. Operating Agreement The Company entered into an operation and management services and secondment agreement (the “Operating Agreement”) with SBR in June 2023, pursuant to which the Company provides SBR with the personnel necessary for SBR to operate so that it may perform its obligations under the commercial agreements. The Company charges SBR a fixed operating fee under the agreement and SBR reimburses the Company for the use of employees and the provision of certain infrastructure-related services to the extent applicable to its operations. Other Agreements In addition to the agreements described above, the Company entered into an omnibus agreement with SBR for the provision of executive management services and support for accounting and finance, legal, human resources, information technology, environmental, health and safety, and other administrative functions (the “Omnibus Agreement”). Pursuant to the Omnibus Agreement, the Company charges SBR a fixed administrative fee and SBR reimburses the Company for the services utilized. Furthermore, the Company entered into a common asset use and servitude agreement (the “CAUSA”) with SBR, pursuant to which the Company provides Chalmette Refining and SBR certain services with certain common use assets utilized. The cost of operations and maintenance for the common use assets is allocated between Chalmette Refining and SBR. Additionally, from time to time, the Company enters into short-term lease agreements for the use of marine vessels currently leased by SBR. Since these lease terms are less than one year, they are not recorded on the Company’s Consolidated Balance Sheet. Summary of Transactions with SBR A summary of the Company’s related party transactions with SBR is as follows: Year Ended December 31, (in millions) 2024 2023 Transactions under commercial agreements: Sales $ 39.7 $ 9.1 Purchases (323.5) (244.4) Reimbursements under related party agreements: Operating Agreement 163.7 62.8 Total lease expense under related party agreements (4.1) — For the year ended December 31, 2024, the Company received total fees of $4.1 million and $6.6 million under the Omnibus Agreement and CAUSA, respectively. Total sales, consisting of refined product sales, and purchases, primarily related to environmental credit and hydrocarbon purchases, under the commercial agreements with SBR are included within Revenues and Cost of products and other, respectively, on the Company’s Consolidated Statements of Operations. Additionally, the Consolidated Balance Sheets include $18.7 million and $47.8 million of Accounts receivable and Accrued expenses, respectively, related to transactions with SBR as of December 31, 2024 ($22.1 million and $28.3 million, respectively, as of December 31, 2023). SBR Loan

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Other Commitments In addition to commitments related to lease obligations accounted for in accordance with ASC 842, Leases and disclosed in “Note 12 - Leases”, the Company is party to agreements which provide for the treatment of wastewater and the supply of hydrogen, nitrogen, oxygen, chemical and steam for certain of its refineries. The Company made purchases of $118.9 million, $121.4 million and $112.2 million under these supply agreements for the years ended December 31, 2024, 2023 and 2022, respectively. The fixed and determinable amounts related to obligations under these agreements are as follows (in millions): Year Ending December 31, 2025 $ 101.4 2026 45.7 2027 45.7 2028 41.8 2029 39.8 Thereafter 308.5 Total obligations $ 582.9 Employment Agreements The Company has entered into various employment agreements with members of executive management and certain other key personnel that include automatic annual renewals, unless canceled. Under some of the agreements, certain of the executives would receive a lump sum payment of between 1.50 to 2.99 times their base salary and continuation of certain employee benefits for the same period upon termination by the Company “Without Cause”, or by the employee “For Good Reason”, or upon a “Change in Control”, as defined in the agreements. Upon death or disability, certain of the Company’s executives, or their estates, would receive a lump sum payment of at least one half of their base salary. 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 (including in response to the potential impacts of climate change), 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. These laws and permits raise potential exposure to future claims and lawsuits involving environmental and safety matters which could include soil and water contamination, air pollution, personal injury and property damage allegedly caused by substances which the Company manufactured, handled, used, released, or disposed of, transported, or that relate to pre-existing conditions for which the Company has assumed responsibility. The Company believes that its current operations are in compliance with existing environmental and safety requirements. However, there have been and will continue to be ongoing discussions about environmental and safety matters between the Company and federal and state authorities, including notices of violations, citations and other enforcement actions, some of which have resulted or may result in changes to operating procedures and in capital expenditures. While it is often difficult to quantify future environmental or safety related expenditures, the Company anticipates that continuing capital investments and changes in operating procedures will be required for the foreseeable future to comply with existing and new requirements, as well as evolving interpretations and more strict enforcement of existing laws and regulations. In connection with the acquisition of the Torrance refinery and related logistics assets, the Company assumed certain pre-existing environmental liabilities. The estimated costs related to these remediation obligations totaled $110.6 million as of December 31, 2024 ($114.9 million as of December 31, 2023) and related primarily to remediation obligations to address existing soil and groundwater contamination and the related monitoring and clean-up activities. Costs related to these obligations are reassessed periodically or when changes to the Company’s remediation approach are identified. The current portion of the environmental liability is recorded in Accrued expenses The aggregate environmental liability reflected on the Company’s Consolidated Balance Sheets was $152.1 million and $157.8 million at December 31, 2024 and December 31, 2023, respectively, of which $ 142.4 million 141.2 million 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. The Company is required to comply with the RFS. Pursuant to the Energy Policy Act of 2005 and the Energy Independence and Security Act of 2007, EPA has issued the RFS, implementing mandates to blend renewable fuels into the petroleum fuels produced and sold in the United States. Under the RFS, the volume of renewable fuels that obligated refineries must blend into their finished petroleum fuels historically has increased on an annual basis. In addition, certain states have passed legislation that requires minimum biodiesel blending in finished distillates. On October 13, 2010, EPA raised the maximum amount of ethanol allowed under federal law from 10% to 15% for cars and light trucks manufactured since 2007. The maximum amount allowed under federal law currently remains at 10% ethanol for all other vehicles. Existing laws and regulations could change, and the minimum volumes of renewable fuels that must be blended with refined petroleum fuels may increase. Because we do not directly produce renewable fuels, increasing the volume of renewable fuels that must be blended into our products could displace an increasing volume of our refinery’s product pool, potentially resulting in lower earnings and profitability. In addition, in order to meet certain of these and future EPA requirements, we may be required to purchase RINs, which may have fluctuating costs based on market conditions. Our RINs purchase obligation is dependent on our actual shipment of on-road transportation fuels domestically and the amount of blending achieved which can cause variability in our profitability. On June 21, 2023, EPA finalized the volumes of renewable fuels that obligated refineries must blend into their final petroleum fuels for years 2023, 2024, and 2025, and finalized volume requirements and percentage standards under the RFS program for 2023, 2024, and 2025, as well as making a series of important modifications to strengthen and expand the RFS program. As a result, the Company could also experience fluctuating compliance costs in the future if the volumes finalized by EPA differ from what has been proposed. EPA published a Final Rule to the Clean Water Act 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 as soon as possible, but state agencies have the discretion to establish implementation time lines. The Company has evaluated, and continues to evaluate, the impact of this regulation, and at this time does not expect this regulation to materially impact the Company’s financial position, results of operations or cash flows. The Company is subject to greenhouse gas emission control regulations in the state of California pursuant to AB 32. AB 32 imposes a statewide cap on greenhouse gas emissions, including emissions from transportation fuels, with the aim of returning the state to 1990 emission levels by 2020. AB 32 is implemented through two market mechanisms including the LCFS and Cap and Trade. The Company is responsible for the AB 32 obligations related to the Torrance refinery beginning on July 1, 2016 and the Martinez refinery beginning on February 1, 2020 and must purchase emission credits to comply with these obligations. Additionally, in September 2016, the state of California enacted Senate Bill 32 (“SB 32”) which further reduces greenhouse gas emissions (“GHG”) targets to 40 percent below 1990 levels by 2030. In 2022, California enacted Assembly Bill 1279 which requires the state to achieve a GHG reduction target of 85 percent below 1990 levels by 2045 and overall carbon neutrality by 2045. The California Air Resources Board also amended the LCFS in 2024, which requires a 30 percent reduction by 2030 and 90 percent reduction by 2045 in the carbon intensity of transportation fuels (compared to a 2010 baseline). The Company recovers the majority of these costs from its customers, and does not expect these obligations to materially impact the Company’s financial position, results of operations, or cash flows. To the degree there are unfavorable changes to AB 32 or SB 32 regulations, or the Company is unable to recover such compliance costs from customers, these regulations could have a material adverse effect on our financial position, results of operations and cash flows. 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. In addition, the RFS mandates the blending of prescribed percentages of renewable fuels (e.g., ethanol and biofuels) into the Company’s produced gasoline and diesel. These requirements, other requirements of the CAA and other presently existing or future environmental regulations may cause the Company to implement capital projects to reduce the amount of credits required to be purchased, make substantial capital expenditures as well as purchase 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 it is unlikely 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. Contingent Consideration In connection with the acquisition of the Martinez refinery and related logistics assets, the sale and purchase agreement dated June 11, 2019 included an earn-out provision based on certain earnings thresholds of the Martinez refinery. Pursuant to the agreement, the Company was to make payments to Equilon Enterprises LLC d/b/a Shell Oil Products US, based on future earnings at the Martinez refinery in excess of certain thresholds, as defined in the agreement, for a period of up to four years following the acquisition closing date (the “Martinez Contingent Consideration”). The final payment of $18.8 million was paid in full during the second quarter of 2024. The fair value of the Martinez Contingent Consideration was estimated to be $21.6 million as of December 31, 2023 and was included within Accrued expenses. Tax Receivable Agreement PBF Energy entered into 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 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 any of its subsidiaries. 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 99.3% interest in PBF LLC as of both December 31, 2024 and December 31, 2023. 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 December 31, 2024, the Company recognized a liability of $293.6 million related to the Tax Receivable Agreement obligation of which $125.4 million was recorded as a Current liability and represents the amount paid in January 2025 related to the 2023 tax year. As of December 31, 2023 PBF Energy recognized a liability of $336.6 million, of which $43.0 million was recorded as a Current liability and paid in January 2024 related to the 2022 tax year. These liabilities reflect the estimate of the undiscounted amounts that PBF Energy expects to pay under the agreement, net of the impact of any deferred tax asset valuation allowance recognized in accordance with ASC 740. As future taxable income is recognized, increases in PBF Energy’s Tax Receivable Agreement liability may be necessary in conjunction with the revaluation of deferred tax assets. Refer to “Note 18 - Income Taxes” for more details. Legal Matters On November 24, 2022, the Martinez refinery, owned and operated by Martinez Refining Company LLC (“MRC”), experienced a spent catalyst release that is currently being investigated by the Bay Area Air Quality Management District (“BAAQMD”), Contra Costa County (“CCC”), the Department of Justice and EPA, and the California Department of Fish and Game (“DFG”). To date, the BAAQMD has issued 35 notices of violations (“NOVs”), the CCC has issued two NOVs, and the DFG has made findings relating to the spent catalyst incident. On July 11, 2023 and October 6, 2023, the Martinez refinery experienced unintentional releases of petroleum coke dust and received inquiries or notices of investigation from the BAAQMD, the California Department of Industrial Relations, Division of Occupational Safety and Health (“CalOSHA”), the CCC, and the EPA. The BAAQMD also issued an NOV relating to the July 11, 2023 coke dust incident and an NOV relating to the October 6, 2023 coke dust incident. On December 15, 2023, the Martinez refinery experienced an unexpected flaring incident, and subsequently on December 18, 2023 a brush fire incident, and has received inquiries or notices of investigation from the BAAQMD, CalOSHA, and the CCC. The BAAQMD additionally issued an NOV relating to the December 15, 2023 flaring incident and four NOVs relating to the December 18, 2023 brush fire incident. The DFG, the CCC, and the BAAQMD have referred their findings and/or NOVs to the CCC District Attorney for the spent catalyst incident and various other incidents. On November 16, 2023, the CCC District Attorney and the BAAQMD announced a joint civil enforcement action against MRC that will include enforcement of the BAAQMD’s, the CCC’s, and the DFG’s claims from the spent catalyst incident, as well as additional enforcement claims from various incidents. We are engaged in settlement discussions with the CCC District Attorney and the BAAQMD but no definitive penalties have been assessed to date by the various agencies. We presently believe the outcomes will not have a material impact on our financial position, results of operations, or cash flows.

LEASES (Notes)

LEASES (Notes)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
LEASES	LEASES Lease Position as of December 31, 2024 and December 31, 2023 The table below presents the lease related assets and liabilities recorded on the Company’s Consolidated Balance Sheets as of December 31, 2024 and December 31, 2023: (in millions) Classification on the Balance Sheet December 31, 2024 December 31, 2023 Assets Operating lease assets Lease right of use assets $ 802.4 $ 732.8 Finance lease assets Lease right of use assets 42.9 56.3 Total lease right of use assets $ 845.3 $ 789.1 Liabilities Current liabilities: Operating lease liabilities Current operating lease liabilities $ 187.8 $ 131.2 Finance lease liabilities Accrued expenses 11.2 12.2 Noncurrent liabilities: Operating lease liabilities Long-term operating lease liabilities 622.2 608.8 Finance lease liabilities Long-term financing lease liabilities 35.4 46.1 Total lease liabilities $ 856.6 $ 798.3 Lease Costs The table below presents certain information related to costs for the Company’s leases for the year ended December 31, 2024 and December 31, 2023: Lease Costs (in millions) December 31, 2024 December 31, Components of total lease costs: Finance lease costs Amortization of right of use assets $ 14.0 $ 13.9 Interest on lease liabilities 3.6 4.5 Operating lease costs 289.6 219.7 Short-term lease costs 78.7 137.7 Variable lease costs 27.0 13.4 Sub-lease income (3.0) — Total lease costs $ 409.9 $ 389.2 Other Information The table below presents supplemental cash flow information related to leases for the year ended December 31, 2024 and December 31, 2023 (in millions): Year Ended December 31, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 289.1 $ 213.9 Operating cash flows for finance leases 3.6 4.5 Financing cash flows for finance leases 12.2 14.1 Supplemental non-cash quantification of assets acquired or remeasured under operating and financing leases 288.6 271.6 Lease Term and Discount Rate The table below presents certain information related to the weighted average remaining lease term and weighted average discount rate for the Company’s leases as of December 31, 2024: Weighted average remaining lease term - operating leases 9.0 years Weighted average remaining lease term - finance leases 3.8 years Weighted average discount rate - operating leases 13.7 % Weighted average discount rate - finance leases 7.1 % Undiscounted Cash Flows The table below reconciles the fixed component of the undiscounted cash flows for each of the periods presented to the lease liabilities recorded on the Consolidated Balance Sheets as of December 31, 2024: Amounts due in the year ended December 31, ( in millions ) Finance Leases Operating Leases 2025 $ 14.1 $ 278.8 2026 13.7 184.1 2027 13.7 137.0 2028 11.0 107.5 2029 0.7 95.1 Thereafter — 617.8 Total minimum lease payments 53.2 1,420.3 Less: effect of discounting 6.6 610.3 Present value of future minimum lease payments 46.6 810.0 Less: current obligations under leases 11.2 187.8 Long-term lease obligations $ 35.4 $ 622.2 As of December 31, 2024, the Company has entered into certain leases that have not yet commenced. Such leases include a 2-year lease for an oil tanker, with future lease payments estimated to total approximately $36.9 million. No other such pending leases, either individually or in the aggregate, are material. There are no material lease arrangements in which the Company is the lessor.
LEASES	LEASES Lease Position as of December 31, 2024 and December 31, 2023 The table below presents the lease related assets and liabilities recorded on the Company’s Consolidated Balance Sheets as of December 31, 2024 and December 31, 2023: (in millions) Classification on the Balance Sheet December 31, 2024 December 31, 2023 Assets Operating lease assets Lease right of use assets $ 802.4 $ 732.8 Finance lease assets Lease right of use assets 42.9 56.3 Total lease right of use assets $ 845.3 $ 789.1 Liabilities Current liabilities: Operating lease liabilities Current operating lease liabilities $ 187.8 $ 131.2 Finance lease liabilities Accrued expenses 11.2 12.2 Noncurrent liabilities: Operating lease liabilities Long-term operating lease liabilities 622.2 608.8 Finance lease liabilities Long-term financing lease liabilities 35.4 46.1 Total lease liabilities $ 856.6 $ 798.3 Lease Costs The table below presents certain information related to costs for the Company’s leases for the year ended December 31, 2024 and December 31, 2023: Lease Costs (in millions) December 31, 2024 December 31, Components of total lease costs: Finance lease costs Amortization of right of use assets $ 14.0 $ 13.9 Interest on lease liabilities 3.6 4.5 Operating lease costs 289.6 219.7 Short-term lease costs 78.7 137.7 Variable lease costs 27.0 13.4 Sub-lease income (3.0) — Total lease costs $ 409.9 $ 389.2 Other Information The table below presents supplemental cash flow information related to leases for the year ended December 31, 2024 and December 31, 2023 (in millions): Year Ended December 31, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 289.1 $ 213.9 Operating cash flows for finance leases 3.6 4.5 Financing cash flows for finance leases 12.2 14.1 Supplemental non-cash quantification of assets acquired or remeasured under operating and financing leases 288.6 271.6 Lease Term and Discount Rate The table below presents certain information related to the weighted average remaining lease term and weighted average discount rate for the Company’s leases as of December 31, 2024: Weighted average remaining lease term - operating leases 9.0 years Weighted average remaining lease term - finance leases 3.8 years Weighted average discount rate - operating leases 13.7 % Weighted average discount rate - finance leases 7.1 % Undiscounted Cash Flows The table below reconciles the fixed component of the undiscounted cash flows for each of the periods presented to the lease liabilities recorded on the Consolidated Balance Sheets as of December 31, 2024: Amounts due in the year ended December 31, ( in millions ) Finance Leases Operating Leases 2025 $ 14.1 $ 278.8 2026 13.7 184.1 2027 13.7 137.0 2028 11.0 107.5 2029 0.7 95.1 Thereafter — 617.8 Total minimum lease payments 53.2 1,420.3 Less: effect of discounting 6.6 610.3 Present value of future minimum lease payments 46.6 810.0 Less: current obligations under leases 11.2 187.8 Long-term lease obligations $ 35.4 $ 622.2 As of December 31, 2024, the Company has entered into certain leases that have not yet commenced. Such leases include a 2-year lease for an oil tanker, with future lease payments estimated to total approximately $36.9 million. No other such pending leases, either individually or in the aggregate, are material. There are no material lease arrangements in which the Company is the lessor.

STOCKHOLDERS' AND MEMBERS' EQUI

STOCKHOLDERS' AND MEMBERS' EQUITY STRUCTURE	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
STOCKHOLDERS’ AND MEMBERS’ EQUITY STRUCTURE	STOCKHOLDERS’ AND MEMBERS’ EQUITY STRUCTURE Capital Structure Class A Common Stock Holders of Class A common stock are entitled to receive dividends when and if declared by the Board of Directors out of funds legally available therefore, subject to any statutory or contractual restrictions on the payment of dividends and to any restrictions on the payment of dividends imposed by the terms of any outstanding preferred stock. Upon the Company’s dissolution or liquidation or the sale of all or substantially all of the assets, after payment in full of all amounts required to be paid to creditors and to the holders of preferred stock having liquidation preferences, if any, the holders of shares of Class A common stock will be entitled to receive pro rata remaining assets available for distribution. Holders of shares of Class A common stock do not have preemptive, subscription, redemption or conversion rights. Class B Common Stock Holders of shares of Class B common stock are entitled, without regard to the number of shares of Class B common stock held by such holder, to one vote for each PBF LLC Series A Unit beneficially owned by such holder. Accordingly, the members of PBF LLC other than PBF Energy collectively have a number of votes in PBF Energy that is equal to the aggregate number of PBF LLC Series A Units that they hold. Holders of shares of Class A common stock and Class B common stock vote together as a single class on all matters presented to stockholders for their vote or approval, except as otherwise required by applicable law. Holders of Class B common stock do not have any right to receive dividends or to receive a distribution upon a liquidation or winding up of PBF Energy. Preferred Stock Authorized preferred stock may be issued in one or more series, with designations, powers and preferences as shall be designated by the Board of Directors. PBF LLC Capital Structure PBF LLC Series A Units The allocation of profits and losses and distributions to PBF LLC Series A unitholders is governed by the limited liability company agreement of PBF LLC. These allocations are made on a pro rata basis with PBF LLC Series C Units. PBF LLC Series A unitholders do not have voting rights. PBF LLC Series B Units The PBF LLC Series B Units are intended to be “profit interests” within the meaning of Revenue Procedures 93-27 and 2001-43 of the Internal Revenue Service (“IRS”) and have a stated value of zero at issuance. The PBF LLC Series B Units are held by certain of the Company’s current and former officers, have no voting rights and are designed to increase in value only after the Company’s financial sponsors achieve certain levels of return on their investment in PBF LLC Series A Units. Accordingly, the amounts paid to the holders of PBF LLC Series B Units, if any, will reduce only the amounts otherwise payable to the PBF LLC Series A Units held by the Company’s financial sponsors, and will not reduce or otherwise impact any amounts payable to PBF Energy (the holder of PBF LLC Series C Units), the holders of the Company’s Class A common stock or any other holder of PBF LLC Series A Units. The maximum number of PBF LLC Series B Units authorized to be issued is 1,000,000. PBF LLC Series C Units The PBF LLC Series C Units rank on a parity with the PBF LLC Series A Units as to distribution rights, voting rights and rights upon liquidation, winding up or dissolution. PBF LLC Series C Units are held solely by PBF Energy. Treasury Stock On December 12, 2022, the Company’s Board of Directors authorized the repurchase of PBF Energy's Class A common stock (as amended from time to time, the “Repurchase Program”). As further approved on February 13, 2024, the Repurchase Program currently allows for repurchases of up to $1.75 billion and has an expiration date of December 2025. During the year ended December 31, 2024, the Company purchased 7,554,269 shares of PBF Energy’s Class A common stock under the Repurchase Program for $329.1 million, inclusive of commissions paid, through open market transactions. During the year ended December 31, 2023, the Company purchased 12,367,073 shares of PBF Energy’s Class A common stock under the Repurchase Program for $532.5 million, inclusive of commissions paid, through open market transactions. Treasury stock repurchases can be made from time to time through various methods, including open market transactions, block trades, accelerated share repurchases, privately negotiated transactions or otherwise, certain of which could be effected through Rule 10b5-1 plans. The timing and number of shares repurchased depends on a variety of factors, including price, capital availability, legal requirements and economic and market conditions. The Company is not obligated to purchase any shares under the Repurchase Program, and repurchases could be suspended or discontinued at any time without prior notice.

NONCONTROLLING INTERESTS

NONCONTROLLING INTERESTS	12 Months Ended
	Dec. 31, 2024
Noncontrolling Interest [Abstract]
NONCONTROLLING INTERESTS	NONCONTROLLING INTERESTS 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. PBF Energy’s equity interest in PBF LLC was approximately 99.3% as of both December 31, 2024 and 2023. PBF Energy consolidates the financial results of PBF LLC and its subsidiaries, and records a noncontrolling interest for the economic interest in PBF Energy held by the members of PBF LLC other than PBF Energy. Noncontrolling interest on the Consolidated Statements of Operations includes the portion of net income or loss attributable to the economic interest in PBF Energy held by the members of PBF LLC other than PBF Energy. Noncontrolling interest on the Consolidated Balance Sheets reflects 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 the completion dates of each of the equity offerings and as of the years ended December 31, 2024, 2023 and 2022 are calculated as follows: Holders of Outstanding Shares Total December 31, 2022 910,457 129,639,307 130,549,764 0.7% 99.3% 100.0% December 31, 2023 862,780 120,440,620 121,303,400 0.7% 99.3% 100.0% December 31, 2024 862,780 115,311,992 116,174,772 0.7% 99.3% 100.0% Noncontrolling Interest in PBF Holding In connection with the acquisition of the Chalmette refinery, PBF Holding records noncontrolling interest 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. Changes in Equity and Noncontrolling Interests The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF Energy for the years ended December 31, 2024, 2023 and 2022: (in millions) PBF Energy Noncontrolling Noncontrolling Interest in PBF Holding Total Equity Balance at January 1, 2024 $ 6,488.3 $ 129.9 $ 13.1 $ 6,631.3 Comprehensive income (loss) (529.5) (6.0) (0.4) (535.9) Dividends and distributions (119.9) (1.6) — (121.5) Effect of change in deferred tax assets and liabilities and tax receivable agreement obligation (0.6) — — (0.6) Stock-based compensation 35.2 — — 35.2 Transactions in connection with stock-based compensation plans 24.7 — — 24.7 Exchanges of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock 0.6 (0.6) — — Treasury stock purchases (354.6) — — (354.6) Balance at December 31, 2024 $ 5,544.2 $ 121.7 $ 12.7 $ 5,678.6 (in millions) PBF Energy Noncontrolling Noncontrolling Interest in PBF Holding Total Equity Balance at January 1, 2023 $ 4,929.2 $ 114.6 $ 12.2 $ 5,056.0 Comprehensive income 2,129.7 20.6 0.9 2,151.2 Dividends and distributions (106.6) (5.3) — (111.9) Effects of change in deferred tax assets and liabilities and tax receivable agreement obligation (4.5) — — (4.5) Stock-based compensation 35.8 — — 35.8 Transactions in connection with stock-based compensation plans 44.5 — — 44.5 Treasury stock purchases (539.9) — — (539.9) Other 0.1 — — 0.1 Balance at December 31, 2023 $ 6,488.3 $ 129.9 $ 13.1 $ 6,631.3 (in millions) PBF Energy Noncontrolling Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2022 $ 1,926.2 $ 95.4 $ 12.2 $ 499.0 $ 2,532.8 Comprehensive income (loss) 2,858.0 27.9 (1.4) 69.5 2,954.0 Dividends and distributions (24.7) (8.6) — (40.3) (73.6) Effects of changes in PBFX ownership interest on deferred tax assets and liabilities (9.7) — — — (9.7) PBFX Merger Transaction 216.0 — — (519.7) (303.7) Stock-based compensation 33.2 — — 10.2 43.4 Transactions in connection with stock-based compensation plans 86.5 — — (18.7) 67.8 Exchanges of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock 0.1 (0.1) — — — Treasury stock purchases (156.4) — — — (156.4) Other — — 1.4 — 1.4 Balance at December 31, 2022 $ 4,929.2 $ 114.6 $ 12.2 $ — $ 5,056.0 Comprehensive Income (Loss) Comprehensive income (loss) includes net income (loss) and other comprehensive income (loss) arising from activity related to the Company’s defined employee benefit plan and unrealized gain (loss) on available-for-sale securities. The following table summarizes the allocation of total comprehensive income (loss) of PBF Energy between the controlling and noncontrolling interests for the year ended December 31, 2024: (in millions) Attributable to Noncontrolling Total Net income (loss) $ (533.8) $ (6.4) $ (540.2) Other comprehensive income (loss): Unrealized loss on available for sale securities (0.3) — (0.3) Amortization of defined benefit plans unrecognized net gain 4.6 — 4.6 Total other comprehensive income 4.3 — 4.3 Total comprehensive income (loss) $ (529.5) $ (6.4) $ (535.9) The following table summarizes the allocation of total comprehensive income of PBF Energy between the controlling and noncontrolling interests for the year ended December 31, 2023: (in millions) Attributable to Noncontrolling Total Net income $ 2,140.5 $ 21.5 $ 2,162.0 Other comprehensive income (loss): Unrealized loss on available for sale securities (0.4) — (0.4) Amortization of defined benefit plans unrecognized net loss (10.4) — (10.4) Total other comprehensive income (loss) (10.8) — (10.8) Total comprehensive income $ 2,129.7 $ 21.5 $ 2,151.2 The following table summarizes the allocation of total comprehensive income of PBF Energy between the controlling and noncontrolling interests for the year ended December 31, 2022: (in millions) Attributable to Noncontrolling Total Net income $ 2,876.8 $ 96.0 $ 2,972.8 Other comprehensive income (loss): Unrealized loss on available for sale securities (2.5) — (2.5) Amortization of defined benefit plans unrecognized net loss (16.3) — (16.3) Total other comprehensive income (loss) (18.8) — (18.8) Total comprehensive income $ 2,858.0 $ 96.0 $ 2,954.0

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The Company grants awards of PBF Energy Class A common stock under its equity incentive plans which authorize the granting of various stock and stock-related awards to directors, employees, prospective employees and non-employees. Awards include non-qualified or incentive stock options, stock appreciation rights, stock awards (including restricted stock) and phantom unit awards, cash awards and performance awards that vest over a period determined by the plans. Stock-based compensation expense included in general and administrative expenses consisted of the following: Years Ended December 31, (in millions) 2024 2023 2022 PBF Energy options $ 4.5 $ 11.9 $ 19.1 PBF Energy restricted shares 21.7 17.9 11.6 PBF Energy performance awards 18.1 21.7 13.4 PBFX phantom units — — 10.2 $ 44.3 $ 51.5 $ 54.3 PBF Energy options PBF Energy grants stock options which represent the right to purchase share of the Company’s common stock at its fair market value, which is the closing price of PBF Energy’s common stock on the date of grant. Stock options have a maximum term of ten years from the date they are granted, and vest over a requisite service period of three years, subject to acceleration in certain circumstances. The Company has not issued stock options since the year ended December 31, 2022. The Company uses the Black-Scholes option-pricing model to estimate the fair value of stock options granted, which requires the input of subjective assumptions. The following table summarizes activity for PBF Energy options for 2024: Number of Weighted Weighted Stock-based awards, outstanding at January 1, 2024 7,453,454 $ 23.98 5.26 Exercised (1,004,884) 21.69 — Forfeited (17,695) 15.37 — Outstanding at December 31, 2024 6,430,875 $ 24.36 4.18 Exercisable and vested at December 31, 2024 6,426,041 $ 24.35 4.18 Total expected to vest as of December 31, 2024 4,834 $ 28.81 7.44 At December 31, 2024, the total intrinsic value of stock options outstanding and exercisable were $38.8 million and $38.8 million, respectively. The total intrinsic value of stock options exercised during the years ended December 31, 2024, 2023 and 2022 was $30.3 million, $66.1 million and $63.1 million, respectively. Unrecognized compensation expense related to PBF Energy options at December 31, 2024 is de minimis and will be recognized in 2025. Restricted Stock Awards The Company grants restricted stock to employees and non-employee directors. Restricted stock granted to our employees generally vests over a requisite services period of three years, subject to acceleration in certain circumstances. Restricted stock recipients who received grants have voting rights; however, dividends are accrued and will be paid upon vesting. Restricted stock units granted to non-employee directors are considered to vest immediately at the time of the grant for accounting purposes, as they are non-forfeitable, but are issued in equal annual installments on each of the first three The following table summarizes activity for PBF Energy restricted stock: Number of Weighted Average Nonvested at January 1, 2024 1,052,506 $ 41.43 Granted 1,350,576 28.60 Vested (460,294) 40.01 Forfeited (18,893) 41.81 Nonvested at December 31, 2024 1,923,895 $ 32.60 Unrecognized compensation expense related to PBF Energy Restricted Class A common stock at December 31, 2024 was $38.9 million, which will be recognized from 2025 through 2027. The following table reflects activity related to our restricted stock: December 31, 2024 December 31, 2023 December 31, 2022 Weighted-average grant-date fair value per share of restricted stock granted $ 28.60 $ 44.90 $ 35.73 Fair value of restricted stock vested ( in millions ) $ 15.5 $ 11.2 $ 3.3 Performance Awards The Company grants performance share awards, which are paid in stock, and performance share unit awards, which are paid in cash, (collectively, the “performance awards”) to certain key employees. Performance awards granted to employees prior to November 1, 2020 are based on a three-year performance cycle (the "performance cycle") with four measurement periods and performance awards granted to employees after November 1, 2020 are based on a three-year performance cycle having a single measurement period. The performance awards will vest on the last day of the performance cycle, subject to forfeiture or acceleration under certain circumstances set forth in the award agreement. The number of performance awards that will ultimately vest is based on the Company’s total shareholder return over the performance cycle. The number of shares ultimately issued, or cash paid under these awards can range from zero to 200% of target award amounts. Performance Share Unit Awards The performance share unit awards are accounted for as equity awards, for which the fair value was determined on the grant date by application of a Monte Carlo valuation model. The grant date fair value was calculated using a Monte Carlo valuation model with the following assumptions: December 31, 2024 December 31, 2023 December 31, 2022 Expected life (in years) 2.82 - 3.04 2.86 - 3.18 3.08 Expected volatility 53.66% - 56.02% 56.68% - 59.98% 65.16% Dividend yield 2.07% - 3.93% 1.73% - 1.80% 2.18% Risk-free rate of return 4.17% - 4.35% 4.40% - 4.75% 3.90% Weighted average grant-date fair value per PSU $ 34.04 $ 56.35 $ 45.91 The risk-free interest rate for the remaining performance period as of the grant date is based on a linear interpolation of published yields of traded U.S. Treasury Interest-Only STRIP Bonds. The dividend yield assumption is based on the annualized most recent quarterly dividend divided by the stock price on the grant date. The assumption for the expected volatility of the Company’s stock price reflects the average of PBF Energy’s common stock historical and implied volatility. The following table summarizes activity for PBF Energy performance share awards: Number of Weighted Average Nonvested at January 1, 2024 631,443 $ 38.48 Granted 253,223 34.04 Vested (246,862) 18.73 Forfeited (25,394) 49.78 Nonvested at December 31, 2024 612,410 $ 44.14 In 2024, 2023 and 2022, PSU’s with a fair value of $14.1 million, $30.9 million and $2.0 million, respectively, were vested. As of December 31, 2024, unrecognized compensation cost related to performance share unit awards was $17.3 million, which is expected to be recognized over a weighted average period of 2.30 years. Performance Unit awards The performance unit awards are dollar denominated with a target value of $1.00, with actual payout of up to $2.00 per unit (or 200 percent of target). The performance unit awards are settled in cash based on the payout amount determined at the end of the performance cycle. The Company accounts for the performance unit awards as liability awards which the Company recorded at fair market value on the date of grant. Subsequently, the performance unit awards will be marked-to-market at the end of each fiscal quarter by application of a Monte Carlo simulation model. The following table summarizes activity for PBF Energy performance unit awards: Number of Nonvested at January 1, 2024 43,557,161 Granted 14,274,646 Vested (2,194,890) Forfeited (9,632,887) Nonvested at December 31, 2024 46,004,030 In 2024, 2023 and 2022, Performance Units with a fair value of $19.3 million, $12.1 million and $1.5 million, respectively, were vested. As of December 31, 2024, unrecognized compensation cost related to performance unit awards was $14.1 million, which is expected to be recognized over a weighted average period of 2.38 years.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Defined Contribution Plan The Company’s defined contribution plan covers all employees. Employees are eligible to participate as of the first day of the month following 30 days of service. Participants can make basic contributions up to 50 percent of their annual salary subject to IRS limits. The Company matches participants’ contributions at the rate of 200 percent of the first 3 percent of each participant’s total basic contribution based on the participant’s total annual salary. The Company’s contribution to the qualified defined contribution plans was $40.0 million, $37.5 million and $33.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. Defined Benefit and Post-Retirement Medical Plans The Company sponsors a noncontributory defined benefit pension plan (the “Qualified Plan”) with a policy to fund pension liabilities in accordance with the limits imposed by the Employee Retirement Income Security Act of 1974 and Federal income tax laws. In addition, the Company sponsors a supplemental pension plan covering certain employees, which provides incremental payments that would have been payable from the Company’s principal pension plan, were it not for limitations imposed by income tax regulations (the “Supplemental Plan”). The funded status is measured as the difference between plan assets at fair value and the projected benefit obligation which is to be recognized in the Consolidated Balance Sheets. The plan assets and benefit obligations are measured as of the Consolidated Balance Sheet date. The non-union Delaware City employees and all Paulsboro, Toledo, Chalmette, Torrance and Martinez employees became eligible to participate in the Company’s defined benefit plans as of the respective acquisition dates. The union Delaware City employees became eligible to participate in the Company’s defined benefit plans upon commencement of normal operations. The Company did not assume any of the employees’ pension liability accrued prior to the respective acquisitions. The Company formed the Post-Retirement Medical Plan on December 31, 2010 to provide health care coverage continuation from date of retirement to age 65 for qualifying employees associated with the Paulsboro acquisition. The Company credited the qualifying employees with their prior service under Valero Energy Corporation which resulted in the recognition of a liability for the projected benefit obligation. The Post-Retirement Medical Plan includes all corporate and refinery employees. The changes in the benefit obligation, the changes in fair value of plan assets, and the funded status of the Company’s Pension and Post-Retirement Medical Plans as of and for the years ended December 31, 2024 and 2023 were as follows: Pension Plans Post-Retirement (in millions) 2024 2023 2024 2023 Change in benefit obligation: Benefit obligation at beginning of year $ 429.7 $ 357.0 $ 19.6 $ 13.9 Service cost 53.4 48.1 0.9 0.5 Interest cost 20.3 17.7 0.9 0.7 Plan amendments — — — 6.0 Benefit payments (15.5) (18.1) (2.4) (1.4) Actuarial loss (gain) 1.9 25.0 (3.4) (0.1) Projected benefit obligation at end of year $ 489.8 $ 429.7 $ 15.6 $ 19.6 Change in plan assets: Fair value of plan assets at beginning of year $ 349.3 $ 274.2 $ — $ — Actual return on plan assets 25.9 34.8 — — Benefits paid (15.5) (18.1) (2.4) (1.4) Employer contributions 35.0 58.4 2.4 1.4 Fair value of plan assets at end of year $ 394.7 $ 349.3 $ — $ — Reconciliation of funded status: Fair value of plan assets at end of year $ 394.7 $ 349.3 $ — $ — Less projected benefit obligation at end of year 489.8 429.7 15.6 19.6 Funded status at end of year $ (95.1) $ (80.4) $ (15.6) $ (19.6) The accumulated benefit obligation for the defined benefit plans approximated $460.1 million and $391.1 million at December 31, 2024 and 2023, respectively. Benefit payments, which reflect expected future services that the Company expects to pay are as follows for the years ended December 31: (in millions) Pension Benefits Post-Retirement 2025 $ 37.3 $ 1.5 2026 31.5 1.6 2027 36.2 1.6 2028 40.1 1.7 2029 44.6 1.6 Years 2030-2034 269.6 7.7 The Company’s funding policy for its defined benefit plans is to contribute amounts sufficient to meet legal funding requirements, plus any additional amounts that may be appropriate considering the funded status of the plans, tax consequences, the cash flow generated by the Company and other factors. The Company plans to contribute approximately $31.6 million to the Company’s Pension Plans during 2025. The components of net periodic benefit cost were as follows for the years ended December 31, 2024, 2023 and 2022: Pension Benefits Post-Retirement (in millions) 2024 2023 2022 2024 2023 2022 Components of net periodic benefit cost: Service cost $ 53.4 $ 48.1 $ 55.6 $ 0.9 $ 0.5 $ 0.8 Interest cost 20.3 17.7 7.9 0.9 0.7 0.3 Expected return on plan assets (24.4) (19.2) (17.5) — — — Amortization of prior service cost and actuarial loss 0.3 — 0.1 0.5 0.1 0.4 Net periodic benefit cost $ 49.6 $ 46.6 $ 46.1 $ 2.3 $ 1.3 $ 1.5 Lump sum payments made by the Supplemental Plan to employees retiring in 2024, 2023 and 2022 did not exceed the Plan’s total service and interest costs expected for those years. The pre-tax amounts recognized in other comprehensive loss (income) for the years ended December 31, 2024, 2023 and 2022 were as follows: Pension Benefits Post-Retirement (in millions) 2024 2023 2022 2024 2023 2022 Prior service costs $ — $ — $ — $ — $ 6.1 $ — Net actuarial loss (gain) 0.4 9.5 27.6 (3.3) (0.2) (4.0) Amortization of losses and prior service cost (0.3) (0.1) (0.1) (0.5) (0.1) (0.4) Total changes in other comprehensive (income) loss $ 0.1 $ 9.4 $ 27.5 $ (3.8) $ 5.8 $ (4.4) The pre-tax amounts in accumulated other comprehensive (loss) income as of December 31, 2024 and 2023 that have not yet been recognized as components of net periodic costs were as follows: Pension Benefits Post-Retirement (in millions) 2024 2023 2024 2023 Prior service costs $ (0.3) $ (0.4) $ (7.6) $ (8.7) Net actuarial (loss) gain (24.6) (24.4) 13.5 10.9 Total $ (24.9) $ (24.8) $ 5.9 $ 2.2 The weighted average assumptions used to determine the benefit obligations as of December 31, 2024 and 2023 were as follows: Qualified Plan Supplemental Plan Post-Retirement Medical Plan 2024 2023 2024 2023 2024 2023 Discount rate - benefit obligations 5.63 % 4.99 % 5.54 % 4.94 % 5.39 % 4.88 % Rate of compensation increase 4.55 % 4.27 % 5.00 % 4.50 % — — The weighted average assumptions used to determine the net periodic benefit costs for the years ended December 31, 2024, 2023 and 2022 were as follows: Qualified Plan Supplemental Plan Post-Retirement Medical Plan 2024 2023 2022 2024 2023 2022 2024 2023 2022 Discount rates: Effective rate for service cost 5.00% 5.22% 2.80% 4.94% 5.24% 2.73% 5.00% 5.27% 2.80% Effective rate for interest cost 4.90% 5.14% 2.33% 4.90% 5.14% 2.24% 4.82% 5.05% 1.91% Effective rate for interest on service cost 4.89% 5.14% 2.45% 4.84% 5.12% 2.29% 4.93% 5.21% 2.65% Cash balance interest credit rate 3.99% 4.04% 2.06% 3.99% 4.04% 2.06% N/A N/A N/A Expected long-term rate of return on plan assets 6.80% 6.75% 5.50% N/A N/A N/A N/A N/A N/A Rate of compensation increase 4.55% 4.27% 4.26% 4.50% 4.50% 4.50% N/A N/A N/A The assumed health care cost trend rates as of December 31, 2024 and 2023 were as follows: Post-Retirement 2024 2023 Health care cost trend rate assumed for next year 5.9 % 6.4 % Rate to which the cost trend rate was assumed to decline (the ultimate trend rate) 4.0 % 4.0 % Year that the rate reaches the ultimate trend rate 2049 2046 The table below presents the fair values of the assets of the Company’s Qualified Plan as of December 31, 2024 and 2023 by level of fair value hierarchy. Assets consist of collective trusts and are measured at fair value based on the closing net asset value (“NAV”) as determined by the fund manager and reported daily. As noted above, the Company’s post-retirement medical plan is funded on a pay-as-you-go basis and has no assets. Fair Value Measurements Using (in millions) 2024 2023 Equities: Domestic equities $ 121.7 $ 75.0 Developed international equities 46.6 46.9 Global low volatility equities 7.9 21.0 Emerging market equities 19.2 24.8 Fixed-income 178.6 159.9 Real Estate 18.7 19.7 Cash and cash equivalents 2.0 2.0 Total $ 394.7 $ 349.3 The Company’s investment strategy for its Qualified Plan is to achieve a reasonable return on assets that supports the plan’s interest credit rating, subject to a moderate level of portfolio risk that provides liquidity. Consistent with these financial objectives as of December 31, 2024, the plan’s target allocations for plan assets are 48% invested in equity securities, 46% fixed income investments and 6% in real estate. Equity securities include international stocks and a blend of U.S. growth and value stocks of various sizes of capitalization. Fixed income securities include bonds and notes issued by the U.S. government and its agencies, corporate bonds, and mortgage-backed securities. The aggregate asset allocation is reviewed on an annual basis. The overall expected long-term rate of return on plan assets for the Qualified Plan is based on the Company’s view of long-term expectations and asset mix.

REVENUES

REVENUES	12 Months Ended
	Dec. 31, 2024
REVENUE [Abstract]
REVENUES	REVENUES Revenue Recognition In accordance with FASB ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”), revenue is recognized when control of the promised goods or services is transferred to the Company’s customers, in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. As described in “Note 19 - Segment Information”, the Company’s business consists of the Refining Segment and Logistic Segment. The following table provides information relating to the Company’s revenues for each product or group of similar products for the periods presented. Year Ended December 31, (in millions) 2024 2023 2022 Refining Segment: Gasoline and distillates $ 28,652.0 $ 34,002.5 $ 41,465.0 Asphalt and blackoils 1,940.1 1,650.1 2,123.8 Feedstocks and other 1,449.1 1,640.6 1,863.0 Chemicals 662.8 650.6 903.8 Lubricants 373.9 344.7 425.0 Total Refining Revenue $ 33,077.9 $ 38,288.5 $ 46,780.6 Logistics Segment: Logistics Revenue 386.8 384.1 369.3 Total revenue prior to eliminations 33,464.7 38,672.6 47,149.9 Elimination of intercompany revenue (349.4) (347.8) (319.6) Total Revenues $ 33,115.3 $ 38,324.8 $ 46,830.3 The majority of the Company’s revenues are generated from the sale of refined products. 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 the Company’s 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 Company 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. The Company’s Logistics segment revenues are generated by charging fees for crude oil and refined products terminaling, storage 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 by intercompany transactions and are eliminated in consolidation. Deferred Revenue The Company records deferred revenue when cash payments are received or are due in advance of performance, including amounts which are refundable. Deferred revenue was $43.8 million and $64.1 million as of December 31, 2024 and December 31, 2023, 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. Crude Oil and Refined Product Exchanges and Matching Buy/Sell Transactions The Company enters into buy/sell arrangements and exchange contracts where it agrees to deliver a specified quantity and quality of crude oil or refined products at a specified location and date to a particular counterparty and to receive from the same counterparty the same commodity at a specified location on the same or another specified date. The exchange receipts and deliveries are non-monetary transactions, with the exception of specific grade or location differentials settled in cash. The matching buy/sell purchase and sale transactions are settled in cash. No revenues are recorded for exchange and matching buy/sell transactions as they are accounted for as exchanges of inventory. The net difference in buy/sell transactions is recorded in Cost of Goods Sold. The exchange transactions are recognized at the carrying amount of the inventory transferred. 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.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES PBF Energy is required to file 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 (see “Note 13 - Stockholders’ and Members’ Equity Structure”). PBF LLC is organized as a limited liability company and PBFX is a 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 Energy Limited, that are treated as C-Corporations for income tax purposes, with the tax provision calculated based on the effective tax rate for the periods presented. Valuation Allowance The Company assesses the available positive and negative evidence to estimate whether sufficient future taxable income will be generated to permit use of existing deferred tax assets. Negative evidence evaluated as part of this assessment includes cumulative losses incurred over a three-year period. Such objective evidence could limit PBF Energy’s ability to consider other subjective evidence, such as PBF Energy’s projections for future taxable income as market conditions, commodity prices and demand for refined products normalize. On the basis of this evaluation, a valuation allowance is recorded to recognize only the portion of deferred tax assets that are more likely than not to be realized. The amount of the deferred tax assets considered realizable, however, could be adjusted if estimates of future taxable income during the carryover period are reduced or increased or if objective negative evidence in the form of cumulative losses is no longer present and additional weight is given to subjective evidence such as PBF Energy’s projections for future taxable income. During the year ended December 31, 2022, the Company evaluated all available positive and negative evidence and determined that the $308.5 million valuation allowance, as of December 31, 2021, associated with deferred tax assets should be released because the Company believed that it had become more likely than not that the deferred tax assets would be realized. In the Company' s evaluation of the need for and amount of a valuation allowance on its deferred tax assets, the Company placed the most weight on objectively verifiable direct evidence, including its recent and historical operating results and the significant improvement in its operating profitability. The specific positive factors and evidence considered in the realizability of its deferred tax assets included the cumulative pre-tax income that the Company generated over the past three-year period. This resulted in the release of the full valuation allowance in the year ended December 31, 2022. Inflation Reduction Act On August 16, 2022, the Inflation Reduction Act (“IRA”) was enacted and signed into law in the United States. The IRA is a budget reconciliation package that includes significant law changes relating to tax, climate change, energy, and health care. The tax provisions include, among other items, a corporate alternative minimum tax of 15%, an excise tax of 1% on corporate stock buy-backs, energy-related tax credits and incentives, and additional IRS funding. Based on the Company’s results over the past three fiscal years, the corporate alternative minimum tax would be applicable but is currently not expected to have a material impact on the Company’s Consolidated Financial Statements. The Company does not expect the other tax provisions of the IRA to have a material impact on its Consolidated Financial Statements. The income tax provision in the PBF Energy Consolidated Statements of Operations consists of the following: Year Ended December 31, (in millions) 2024 2023 2022 Current (benefit) expense: Federal $ (10.6) $ 140.9 $ 75.8 Foreign — (0.3) 0.3 State 21.4 46.2 88.5 Total current 10.8 186.8 164.6 Deferred (benefit) expense: Federal (156.6) 387.7 379.9 Foreign (4.8) 3.1 (0.9) State (77.8) 146.2 41.2 Total deferred (239.2) 537.0 420.2 Total provision for income taxes $ (228.4) $ 723.8 $ 584.8 The difference between PBF Energy’s effective income tax rate and the United States statutory rate is reconciled below: Year Ended December 31, 2024 2023 2022 Provision at Federal statutory rate 21.0 % 21.0 % 21.0 % Increase (decrease) attributable to flow-through of certain tax adjustments: State income taxes (net of federal income tax) 5.0 % 5.0 % 4.9 % Nondeductible/nontaxable items 3.3 % (0.5) % (0.4) % Rate differential from foreign jurisdictions (0.2) % — % — % Provision to return adjustment 0.2 % (0.1) % — % Adjustment to deferred tax assets and liabilities for change in tax rates — % — % (0.2) % Deferred tax asset valuation allowance — % — % (8.9) % Other 0.7 % (0.1) % 0.5 % Effective tax rate 30.0 % 25.3 % 16.9 % PBF Energy’s effective income tax rate for the years ended December 31, 2024, 2023 and 2022, including the impact of income (loss) attributable to noncontrolling interests of $(6.4) million, $21.5 million and $96.0 million, respectively, was 29.7%, 25.1% and 16.4%, respectively. For the year ended December 31, 2024, PBF Energy’s effective tax rate differed from the United States statutory rate, inclusive of state income taxes, as a result of equity-based compensation activity and permanent book/tax differences related to the use of blender’s tax credits. For the year ended December 31, 2023, PBF Energy’s effective tax rate did not materially differ from the United States statutory rate, inclusive of state income taxes. For the year ended December 31, 2022, PBF Energy’s effective tax rate differed from the United States statutory rate, inclusive of state income taxes, primarily due to changes in the deferred tax asset valuation allowance. For financial reporting purposes, income (loss) before income taxes attributable to PBF Energy Inc. stockholders includes the following components: Year Ended December 31, (in millions) 2024 2023 2022 United States income (loss) $ (739.8) $ 2,852.4 $ 3,464.2 Foreign income (loss) (22.4) 11.9 (2.6) Total income (loss) before income taxes attributable to PBF Energy Inc. stockholders $ (762.2) $ 2,864.3 $ 3,461.6 A summary of the components of PBF Energy’s deferred tax assets and deferred tax liabilities consists of the following: (in millions) December 31, 2024 December 31, 2023 Deferred tax assets Purchase interest step-up $ 165.0 $ 171.6 Pension, employee benefits and compensation 53.3 96.5 Net operating loss carry forwards 297.5 3.4 Environmental liabilities 39.0 40.4 Lease liabilities 317.4 305.9 Other 50.7 27.0 Total deferred tax assets 922.9 644.8 Deferred tax liabilities Property, plant and equipment 1,122.0 1,062.2 Inventory 60.3 68.6 Right of use assets 314.5 303.5 Equity method investment in SBR 249.6 278.8 Other 12.5 5.0 Total deferred tax liabilities 1,758.9 1,718.1 Net deferred tax liability $ (836.0) $ (1,073.3) As of December 31, 2024, PBF Energy had $1,088.0 million of gross federal and $69.0 million of net state income tax operating loss carry forwards. The portion of the federal net operating loss carry forward that was generated in years prior to 2019 was utilized in 2022. The federal net operating loss carry forward was generated in 2024 and it has an indefinite carryforward period but is limited to 80% of taxable income in each tax year. The state net operating loss carry forwards expire at various dates from 2028 through 2044 with certain jurisdictions having indefinite net operating loss carry forward periods. Income tax years that remain subject to examination by material jurisdictions, where an examination has not already concluded are all years including and subsequent to: United States Federal 2020 New Jersey 2020 Michigan 2020 Delaware 2021 Indiana 2021 Pennsylvania 2021 New York 2021 Louisiana 2021 California 2020 The Company does not have any unrecognized tax benefits.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2024
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 or Logistics segments, including the Company’s share of SBR’s results, are included in Corporate. Intersegment transactions are eliminated in the Consolidated Financial Statements and are included in the Eliminations column below. Refining The Company’s Refining segment includes the operations of its six 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, Chalmette, Louisiana, Torrance, California, and Martinez, 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, Canada, and Mexico, and is able to ship products to other international destinations. Logistics The Company’s Logistics segment is comprised of PBFX, a partnership, formed to own or lease, operate, develop and acquire crude oil and refined 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 revenues and intersegment related-party revenues are eliminated in consolidation. From a PBF Energy perspective, the Company’s chief operating decision maker evaluates the Logistics segment as a whole without regard to any of PBFX’s individual 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 Refining 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 receivable and other assets directly associated with the segment’s operations. Corporate assets consist primarily of the Company’s equity method investment in SBR, non-operating property, plant and equipment and other assets not directly related to the Company’s refinery and logistics operations. Disclosures regarding the Company’s reportable segments with reconciliations to consolidated totals for the years ended December 31, 2024, 2023 and 2022 are presented below. Year Ended December 31, 2024 (in millions) Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 33,077.9 $ 386.8 $ — $ (349.4) $ 33,115.3 Cost of products and other 30,590.4 8.3 — (332.0) 30,266.7 Operating expenses 2,487.8 135.8 — (17.4) 2,606.2 Depreciation and amortization expense 578.4 36.2 13.2 — 627.8 Other segment expenses, net (1) (2) 0.9 7.3 305.4 — 313.6 Income (loss) from operations (2) (579.5) 199.1 (318.6) — (699.0) Interest (income) expense, net (14.1) (1.9) 88.0 — 72.0 Capital expenditures (3) 994.8 6.5 7.0 — 1,008.3 Year Ended December 31, 2023 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 38,288.5 $ 384.1 $ — $ (347.8) $ 38,324.8 Cost of products and other 33,000.8 — — (329.5) 32,671.3 Operating expenses 2,581.3 131.9 — (18.3) 2,694.9 Depreciation and amortization expense 523.9 36.1 11.5 — 571.5 Other segment (income) expenses, net (1) (2) (1.1) 10.0 (573.3) — (564.4) Income from operations (2) 2,183.6 206.1 561.8 — 2,951.5 Interest (income) expense, net (4.8) 2.3 66.3 — 63.8 Capital expenditures (3) 1,152.9 11.9 8.8 — 1,173.6 Year Ended December 31, 2022 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 46,780.6 $ 369.3 $ — $ (319.6) $ 46,830.3 Cost of products and other 39,350.7 — — (301.6) 39,049.1 Operating expenses 2,495.6 121.4 — (18.0) 2,599.0 Depreciation and amortization expense 466.9 36.7 7.5 — 511.1 Other segment expenses, net (1) 0.9 27.6 489.4 — 517.9 Income (loss) from operations 4,466.4 183.7 (496.9) — 4,153.2 Interest expense, net 10.9 39.5 195.6 — 246.0 Capital expenditures (3) 994.9 7.9 8.1 — 1,010.9 Balance at December 31, 2024 Refining Logistics Corporate Eliminations Consolidated Total Total assets (4) $ 10,945.5 $ 781.9 $ 1,015.4 $ (39.6) $ 12,703.2 Balance at December 31, 2023 Refining Logistics Corporate Eliminations Consolidated Total Total assets (4) $ 12,590.6 $ 816.8 $ 1,024.1 $ (43.7) $ 14,387.8 (1) Other segment (income) expenses, net include General and administrative expenses (excluding depreciation and amortization expenses), Change in fair value of contingent consideration, net, Equity loss in investee, Loss (gain) on formation of SBR equity method investment, and Loss (gain) on sale of assets. (2) Income (loss) from operations within Corporate for the year ended December 31, 2024, includes a $8.7 million reduction of the gain associated with the formation of the SBR equity method investment. Income from operations within Corporate for the year ended December 31, 2023, includes a gain of $925.1 million associated with the formation of the SBR equity method investment. (3) For the years ended December 31, 2024, December 31, 2023, and December 31, 2022, the Company’s refining segment includes $5.6 million, $312.7 million, and $336.2 million, respectively, of capital expenditures related to the Renewable Diesel Facility. (4) As of December 31, 2024 and December 31, 2023, Corporate assets include the Company’s Equity method investment in SBR of $866.8 million and $881.0 million, respectively.

NET INCOME PER SHARE OF PBF ENE

NET INCOME PER SHARE OF PBF ENERGY	12 Months Ended
	Dec. 31, 2024
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 PBF Energy Class A common stock using the two-class method. The following table sets forth the computation of basic and diluted net income (loss) per share of PBF Energy Class A common stock attributable to PBF Energy for the periods presented: (in millions, except share and per share amounts) Year Ended December 31, Basic Earnings Per Share: 2024 2023 2022 Allocation of earnings: Net income (loss) attributable to PBF Energy Inc. stockholders $ (533.8) $ 2,140.5 $ 2,876.8 Less: Income allocated to participating securities 0.1 — — Income (loss) available to PBF Energy Inc. stockholders - basic $ (533.9) $ 2,140.5 $ 2,876.8 Denominator for basic net income (loss) per PBF Energy Class A common share-weighted average shares 116,248,827 124,953,858 122,598,076 Basic net income (loss) attributable to PBF Energy per Class A common share $ (4.59) $ 17.13 $ 23.47 Diluted Earnings Per Share: Numerator: Income (loss) available to PBF Energy Inc. stockholders - basic $ (533.9) $ 2,140.5 $ 2,876.8 Plus: Net income (loss) attributable to noncontrolling interest (1) (6.0) 20.5 27.9 Less: Income tax expense (benefit) on net income (loss) attributable to noncontrolling interest (1) 1.6 (5.3) (7.2) Numerator for diluted net income (loss) per Class A common share - net income (loss) attributable to PBF Energy Inc. stockholders (1) $ (538.3) $ 2,155.7 $ 2,897.5 Denominator (1) : Denominator for basic net income (loss) per PBF Energy Class A common share-weighted average shares 116,248,827 124,953,858 122,598,076 Effect of dilutive securities: Conversion of PBF LLC Series A Units 862,780 899,519 917,991 Common stock equivalents (2) — 4,656,071 3,344,039 Denominator for diluted net income (loss) per PBF Energy Class A common share-adjusted weighted average shares 117,111,607 130,509,448 126,860,106 Diluted net income (loss) attributable to PBF Energy Inc. stockholders per Class A common share $ (4.60) $ 16.52 $ 22.84 —————————— (1) The diluted earnings per share calculation generally assumes the conversion of all outstanding PBF LLC Series A Units to PBF Energy Class A common stock. 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 26.0%, 26.0% and 25.9% annualized statutory corporate tax rate for the years ended December 31, 2024, 2023 and 2022, respectively) 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 PSUs 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 performance share units and options and warrants to purchase 4,413,417, 18,431 and 3,877,035 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the years ended December 31, 2024, 2023 and 2022, respectively. For periods showing a net loss, all common stock equivalents and unvested restricted stock are considered anti-dilutive.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2024
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 December 31, 2024 and 2023. The Company has 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. The Company may be required to post margin collateral or reclaim cash collateral from derivative counterparties based on contractual terms. At December 31, 2024 and December 31, 2023, the Company had the obligation to return cash collateral posted against its derivative obligations of $15.1 million and $23.7 million, respectively. Cash collateral related to derivative contracts is recorded net in the Consolidated Balance Sheets. The Company has no derivative contracts that are subject to master netting arrangements that are reflected gross on the Consolidated Balance Sheets. As of December 31, 2024 Fair Value Hierarchy (in millions) Level 1 Level 2 Level 3 Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet Assets: Money market funds $ 21.0 $ — $ — $ 21.0 N/A $ 21.0 Commodity contracts 16.0 — — 16.0 (14.0) 2.0 Liabilities: Commodity contracts 14.0 — — 14.0 (14.0) — Renewable energy credit and emissions obligations — 465.9 — 465.9 — 465.9 As of December 31, 2023 Fair Value Hierarchy (in millions) Level 1 Level 2 Level 3 Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet Assets: Money market funds $ 141.6 $ — $ — $ 141.6 N/A $ 141.6 Commodity contracts 80.1 — — 80.1 (46.9) 33.2 Liabilities: Commodity contracts 46.9 — — 46.9 (46.9) — Renewable energy credit and emissions obligations — 429.8 — 429.8 — 429.8 Contingent consideration obligation — — 21.6 21.6 — 21.6 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. • Renewable energy credit and emissions obligations primarily represent the Company’s liability for the purchase of (i) biofuel credits (primarily RINs in the U.S.) needed to satisfy its obligation to blend biofuels into the products the Company produces and (ii) emission credits under the AB 32 and similar programs (collectively, the cap-and-trade systems). To the degree the Company is unable to blend biofuels (such as ethanol and biodiesel) at percentages required under the biofuel programs, it must purchase biofuel credits to comply with these programs. Under the cap-and-trade systems, it must purchase emission credits to comply with these systems. The liability for environmental credits is in part based on the Company’s deficit for such credits as of the balance sheet date, if any, after considering any credits acquired, and is equal to the product of the credits deficit and the market price of these credits as of the balance sheet date. To the extent that the Company has a better estimate of the cost at which it settles its obligation, such as agreements to purchase RINs at prices other than the current spot price, the Company considers those costs in valuing the remaining obligation. The environmental credit obligations are categorized in Level 2 of the fair value hierarchy and are measured at fair value using a market approach based on quoted prices from an independent pricing service. • When applicable, 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 are derived using broker quotes, prices from other third-party sources and other available market based data. • The contingent consideration obligation at December 31, 2023 is categorized in Level 3 of the fair value hierarchy and was estimated using discounted cash flow models based on management’s estimate of the future cash flows related to the earn-out periods. The Company’s final earn-out payment of $18.8 million was paid in full during the second quarter of 2024. 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 December 31, 2024 and 2023, $19.4 million and $18.8 million, 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 categorized in Level 3 of the fair value hierarchy, which primarily includes the prior year change in estimated future earnings related to the Martinez Contingent Consideration: Year Ended December 31, (in millions) 2024 2023 Balance at beginning of period $ 21.6 $ 150.5 Settlements (18.8) (88.3) Unrealized gain included in earnings (2.8) (40.6) Balance at end of period $ — $ 21.6 There were no transfers between levels during the years ended December 31, 2024 or December 31, 2023. Fair value of debt The table below summarizes the carrying value and fair value of debt as of December 31, 2024 and 2023. December 31, 2024 December 31, 2023 (in millions) Carrying Fair Carrying Fair 2028 Senior Notes (a) $ 801.6 $ 765.9 $ 801.6 $ 779.3 2030 Senior Notes (a) 500.0 490.0 500.0 514.8 Revolving Credit Facility (b) 200.0 200.0 — — 1,501.6 1,455.9 1,301.6 1,294.1 Less - Unamortized deferred financing costs (41.6) n/a (52.5) n/a Unamortized discount (2.7) n/a (3.2) n/a Long-term debt $ 1,457.3 $ 1,455.9 $ 1,245.9 $ 1,294.1 _________________________ (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 outstanding 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. Fair Values - Non-recurring Non-recurring fair value measurements and disclosures relate to the SBR equity method investment discussed in “Note 6 - Equity investment in SBR”. The fair value of the SBR equity method investment was primarily based on the cash consideration received from Eni for their 50 percent ownership.

DERIVATIVES

DERIVATIVES	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES The Company uses derivative instruments to mitigate certain exposures to commodity price risk. On July 31, 2023, the Company terminated the Inventory Intermediation Agreement. Prior to its termination, the Inventory Intermediation Agreement contained purchase obligations for certain volumes of crude oil, intermediates and refined products. The purchase obligations related to crude oil, intermediates and refined products under this agreement were derivative instruments 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 was based on market prices of the underlying crude oil, intermediates and refined products. The level of activity for these derivatives was based on the level of operating inventories. 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 December 31, 2024, there were 13,911,000 barrels of crude oil and 4,704,000 barrels of refined products (23,774,000 and 5,351,000, respectively, as of December 31, 2023), outstanding under short and long term commodity derivative contracts not designated as hedges representing the notional value of the contracts. The Company also uses derivative instruments to mitigate the risk associated with the price of credits needed to comply with various governmental and regulatory environmental compliance programs. For such contracts that represent derivatives the Company elects the normal purchase normal sale exception under ASC 815, Derivatives and Hedging, and therefore does not record them at fair value. The following tables provide information regarding the fair values of derivative instruments as of December 31, 2024 and December 31, 2023 and the line items in the Consolidated Balance Sheets in which fair values are reflected. Description Balance Sheet Location Fair Value (in millions) Derivatives not designated as hedging instruments: December 31, 2024: Commodity contracts Accounts receivable $ 2.0 December 31, 2023: Commodity contracts Accounts receivable $ 33.2 The following table provides information regarding gains or losses recognized in income on derivative instruments and the line items in the Consolidated Statements of Operations in which such gains and losses are reflected. Description Location of Gain or (Loss) Recognized in Gain or (Loss) (in millions) Derivatives designated as hedging instruments: For the year ended December 31, 2024: Derivatives included within the inventory intermediation agreement obligations Cost of products and other $ — For the year ended December 31, 2023: Derivatives included within the inventory intermediation agreement obligations Cost of products and other $ 21.0 For the year ended December 31, 2022: Derivatives included within the inventory intermediation agreement obligations Cost of products and other $ 5.4 Derivatives not designated as hedging instruments: For the year ended December 31, 2024: Commodity contracts Cost of products and other $ 12.3 For the year ended December 31, 2023: Commodity contracts Cost of products and other $ 38.1 For the year ended December 31, 2022: Commodity contracts Cost of products and other $ (31.5) Hedged items designated in fair value hedges: For the year ended December 31, 2024: Crude oil, intermediate and refined product inventory Cost of products and other $ — For the year ended December 31, 2023: Crude oil, intermediate and refined product inventory Cost of products and other $ (21.0) For the year ended December 31, 2022: Crude oil, intermediate and refined product inventory Cost of products and other $ (5.4)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Dividend Declared On February 13, 2025, PBF Energy announced a dividend of $0.275 per share on outstanding PBF Energy Class A common stock. The dividend is payable on March 14, 2025, to PBF Energy Class A common stockholders of record as of February 27, 2025. Payments under the Tax Receivable Agreement In January 2025, the Company made payments of $130.8 million, inclusive of interest of $5.4 million and $15.1 million paid to Series B Unit holders, under the Tax Receivable Agreement relating to the 2023 tax year. Martinez Refinery Fire On February 1, 2025, a fire occurred at the Company’s Martinez refinery during preliminary turnaround activities, which resulted in the temporary shutdown of refinery operations. The cause of the fire is currently under investigation. The Company is assessing the extent of the property damage arising from the fire and potential recoveries from insurance coverage are also being evaluated. At this time, as the cost of repairs, the length of the shutdown and other potential liabilities, including regulatory penalties, arising from the incident are unknown, the operational and/or financial impact cannot be reasonably estimated.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income (loss) attributable to PBF Energy Inc. stockholders	$ (533.8)	$ 2,140.5	$ 2,876.8

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Our cybersecurity risk management program is managed by our current Chief Information Officer (“CIO”) who reports to our Chief Financial Officer and provides regular updates to the Board. Our CIO establishes our overall Information Technology (“IT”) security strategy, oversees our information, cyber, and technology security and manages our IT department, which includes our Cybersecurity team. His responsibilities include developing, implementing, and enforcing security policies to protect critical data. The head of our Cybersecurity team, our Director of Information Security, who reports to our CIO, runs the day-to-day management of our cybersecurity risks. Our IT department overall assists in implementing cybersecurity strategies and policies under the direction of the Cybersecurity team, as applicable. Our cybersecurity risk management program aligns with the National Institute of Standards and Technology Cyber Security Framework, which establishes five areas of focus: identify, protect, detect, respond and recover. Our cybersecurity risk management program is designed to manage industry-specific threats, as well as threats arising from the overall evolving cybersecurity landscape and consists of two principal areas of focus: (i) enterprise systems, which consists of all business systems used in our daily operations and (ii) operational technology, which consists of all process control, supervisory control and data acquisition systems. Key elements of our cybersecurity management program include: • identifying, monitoring and mitigating the cybersecurity risks to our systems, assets, data and capabilities; • a critical response process for cybersecurity incidents, including the process for detection, investigation, containment and remediation of any such incidents; • establishment of disaster recovery plans; • testing, at least bi-annually, of select critical systems for disaster recovery and periodic walk-throughs of procedures for disaster recovery; • identity access policies that aim to identify and monitor for potential cyber intrusions; • periodic security tests, including monthly internal vulnerability scans, weekly external vulnerability scans, monthly phishing campaigns and recurring penetration testing by third-party cybersecurity firms; • table-top exercises, at least quarterly, for incident response preparedness for the Cybersecurity team and Information Technology department; and • annual drills for potential threats on various aspects of our technology assets based on the then-existing IT threat landscape for our industry. Pursuant to our incident response plan, the Cybersecurity team has defined roles in responding to all cybersecurity incidents to provide an efficient and organized approach to handling cybersecurity threats, with the CIO receiving all reports and status updates regarding cybersecurity threats. The incident response plan provides a documented framework for when and how the CIO informs and updates our Board, the executive officers and other internal parties and when external parties are notified or consulted about a cybersecurity threat and the status thereof. We also utilize third-party cybersecurity vendors to assist us with various aspects of our cybersecurity risk management program. For example, in order to support our cybersecurity incident response procedures, we have retained several third-party cybersecurity firms to monitor the IT threat landscape for our industry. As part of our efforts to manage the risk of cybersecurity threats associated with the use of third parties, we monitor and evaluate the cybersecurity risk profiles of third-party technology providers and consider such risk profiles when selecting third-party technology providers. Any third-party service provider that is granted access to our network is required to comply with our policies regarding information technology and cybersecurity. We also engage several third-party cybersecurity firms to perform independent assessments of the effectiveness of our cybersecurity risk management program and assist us in the continued review of our cybersecurity risk management program in order to reflect the evolving landscape of cybersecurity. To date, there have been no significant threats, including as a result of any significant cybersecurity breaches or attacks, that have materially affected our business, results of operations or financial condition. However, if we were to be subject to a material successful cyber intrusion, it could result in remediation or service restoration costs, increased cybersecurity protection costs, lost revenues, litigation or regulatory actions by governmental authorities, increased insurance premiums, reputational damage and damage to our competitiveness, financial condition, results of operations and cash flows. See “Item 1A. Risk Factors−Risks Relating to Our Business and Industry−A cyber-attack on, or other failure of, our technology infrastructure could affect our business and assets, and have a material adverse effect on our financial condition, results of operations and cash flows.”
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Our cybersecurity risk management program is managed by our current Chief Information Officer (“CIO”) who reports to our Chief Financial Officer and provides regular updates to the Board. Our CIO establishes our overall Information Technology (“IT”) security strategy, oversees our information, cyber, and technology security and manages our IT department, which includes our Cybersecurity team. His responsibilities include developing, implementing, and enforcing security policies to protect critical data. The head of our Cybersecurity team, our Director of Information Security, who reports to our CIO, runs the day-to-day management of our cybersecurity risks. Our IT department overall assists in implementing cybersecurity strategies and policies under the direction of the Cybersecurity team, as applicable. Our cybersecurity risk management program aligns with the National Institute of Standards and Technology Cyber Security Framework, which establishes five areas of focus: identify, protect, detect, respond and recover. Our cybersecurity risk management program is designed to manage industry-specific threats, as well as threats arising from the overall evolving cybersecurity landscape and consists of two principal areas of focus: (i) enterprise systems, which consists of all business systems used in our daily operations and (ii) operational technology, which consists of all process control, supervisory control and data acquisition systems. Key elements of our cybersecurity management program include: • identifying, monitoring and mitigating the cybersecurity risks to our systems, assets, data and capabilities; • a critical response process for cybersecurity incidents, including the process for detection, investigation, containment and remediation of any such incidents; • establishment of disaster recovery plans; • testing, at least bi-annually, of select critical systems for disaster recovery and periodic walk-throughs of procedures for disaster recovery; • identity access policies that aim to identify and monitor for potential cyber intrusions; • periodic security tests, including monthly internal vulnerability scans, weekly external vulnerability scans, monthly phishing campaigns and recurring penetration testing by third-party cybersecurity firms; • table-top exercises, at least quarterly, for incident response preparedness for the Cybersecurity team and Information Technology department; and • annual drills for potential threats on various aspects of our technology assets based on the then-existing IT threat landscape for our industry. Pursuant to our incident response plan, the Cybersecurity team has defined roles in responding to all cybersecurity incidents to provide an efficient and organized approach to handling cybersecurity threats, with the CIO receiving all reports and status updates regarding cybersecurity threats. The incident response plan provides a documented framework for when and how the CIO informs and updates our Board, the executive officers and other internal parties and when external parties are notified or consulted about a cybersecurity threat and the status thereof. We also utilize third-party cybersecurity vendors to assist us with various aspects of our cybersecurity risk management program. For example, in order to support our cybersecurity incident response procedures, we have retained several third-party cybersecurity firms to monitor the IT threat landscape for our industry. As part of our efforts to manage the risk of cybersecurity threats associated with the use of third parties, we monitor and evaluate the cybersecurity risk profiles of third-party technology providers and consider such risk profiles when selecting third-party technology providers. Any third-party service provider that is granted access to our network is required to comply with our policies regarding information technology and cybersecurity. We also engage several third-party cybersecurity firms to perform independent assessments of the effectiveness of our cybersecurity risk management program and assist us in the continued review of our cybersecurity risk management program in order to reflect the evolving landscape of cybersecurity. To date, there have been no significant threats, including as a result of any significant cybersecurity breaches or attacks, that have materially affected our business, results of operations or financial condition. However, if we were to be subject to a material successful cyber intrusion, it could result in remediation or service restoration costs, increased cybersecurity protection costs, lost revenues, litigation or regulatory actions by governmental authorities, increased insurance premiums, reputational damage and damage to our competitiveness, financial condition, results of operations and cash flows. See “Item 1A. Risk Factors−Risks Relating to Our Business and Industry−A cyber-attack on, or other failure of, our technology infrastructure could affect our business and assets, and have a material adverse effect on our financial condition, results of operations and cash flows.”
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our CIO, along with the head of our Cybersecurity team, periodically reports, no less than quarterly, to our Board and our executive officers regarding the state of our cybersecurity risk management program, including information on the status of ongoing efforts to manage and mitigate cybersecurity risks, as well as recent cybersecurity trends and events and any updates to cybersecurity matters. The Audit Committee reviews our disclosures with respect to cybersecurity and information technology risks. The Audit Committee also reviews with management guidelines and policies to govern the process by which risk assessment and risk management is undertaken, including but not limited to cybersecurity and information technology risks. As part of the Company’s enterprise-wide risk management program, our Internal Audit team also reports to our Audit Committee regarding assessments of our cybersecurity and information technology risks, at least annually, based on regular updates by our CIO regarding such risks. Our Internal Audit team periodically reports to our executive officers and the Audit Committee regarding such risks.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Audit Committee reviews our disclosures with respect to cybersecurity and information technology risks.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our CIO, along with the head of our Cybersecurity team, periodically reports, no less than quarterly, to our Board and our executive officers regarding the state of our cybersecurity risk management program, including information on the status of ongoing efforts to manage and mitigate cybersecurity risks, as well as recent cybersecurity trends and events and any updates to cybersecurity matters. The Audit Committee reviews our disclosures with respect to cybersecurity and information technology risks. The Audit Committee also reviews with management guidelines and policies to govern the process by which risk assessment and risk management is undertaken, including but not limited to cybersecurity and information technology risks. As part of the Company’s enterprise-wide risk management program, our Internal Audit team also reports to our Audit Committee regarding assessments of our cybersecurity and information technology risks, at least annually, based on regular updates by our CIO regarding such risks. Our Internal Audit team periodically reports to our executive officers and the Audit Committee regarding such risks.
Cybersecurity Risk Role of Management [Text Block]	Our CIO establishes our overall Information Technology (“IT”) security strategy, oversees our information, cyber, and technology security and manages our IT department, which includes our Cybersecurity team. His responsibilities include developing, implementing, and enforcing security policies to protect critical data. The head of our Cybersecurity team, our Director of Information Security, who reports to our CIO, runs the day-to-day management of our cybersecurity risks. Our IT department overall assists in implementing cybersecurity strategies and policies under the direction of the Cybersecurity team, as applicable.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our CIO assumed his position effective June 1, 2024, following the retirement of his predecessor. He previously served as the head of our Cybersecurity team. Our CIO has 28 years of experience in highly regulated industries managing information security in complex, matrixed environments. He has created and maintained enterprise-level information security programs for our Company and other US and international companies in the refining industry. Our CIO, along with the head of our Cybersecurity team, periodically reports, no less than quarterly, to our Board and our executive officers regarding the state of our cybersecurity risk management program, including information on the status of ongoing efforts to manage and mitigate cybersecurity risks, as well as recent cybersecurity trends and events and any updates to cybersecurity matters. The Audit Committee reviews our disclosures with respect to cybersecurity and information technology risks. The Audit Committee also reviews with management guidelines and policies to govern the process by which risk assessment and risk management is undertaken, including but not limited to cybersecurity and information technology risks. As part of the Company’s enterprise-wide risk management program, our Internal Audit team also reports to our Audit Committee regarding assessments of our cybersecurity and information technology risks, at least annually, based on regular updates by our CIO regarding such risks. Our Internal Audit team periodically reports to our executive officers and the Audit Committee regarding such risks.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our CIO has 28 years of experience in highly regulated industries managing information security in complex, matrixed environments.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Our CIO, along with the head of our Cybersecurity team, periodically reports, no less than quarterly, to our Board and our executive officers regarding the state of our cybersecurity risk management program, including information on the status of ongoing efforts to manage and mitigate cybersecurity risks, as well as recent cybersecurity trends and events and any updates to cybersecurity matters.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Principles of Consolidation and Presentation	Principles of Consolidation and Presentation
Cost Classifications	Cost Classifications Cost of products and other consists of the cost of crude oil, other feedstocks, blendstocks and purchased refined products and the related in-bound freight and transportation costs.
Use of Estimates	Use of Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the related disclosures. Actual results could differ from those estimates.
Impairment Assessment of Long-Lived Assets and Definite-Lived Intangibles	Impairment Assessment of Long-Lived Assets and Definite-Lived Intangibles
Equity Method Investments	Equity Method Investment For equity investments that are not required to be consolidated under the variable or voting interest model, the Company evaluates the level of influence it is able to exercise over an entity’s operations to determine whether to use the equity method of accounting. The Company’s judgment regarding the level of influence over an equity method investment includes considering key factors such as its ownership interest, participation in policy-making and other significant decisions and material intercompany transactions. Equity investments for which the Company determines it has significant influence are accounted for as equity method investments. Amounts recognized for equity method investments are shown separately in the Company’s Consolidated Balance Sheets and adjusted for its share of the net earnings and losses of the investee and cash distributions, which is separately stated in its Consolidated Statements of Operations and its Consolidated Statements of Cash Flows. Contributions made to equity method investees at times are in the form of loan agreements. Loans provided to equity method investees that are made based on the Company's proportionate ownership percentage are accounted for as “in-substance capital contributions” and are treated as an increase to the investment. In addition, the Company treats interest paid in kind on the loan agreements as an “in-substance return of capital” and reduces its investment accordingly, rather than recording interest income. The Company evaluates its equity method investments presented for impairment whenever events or changes in circumstances indicate that the carrying amounts of such investments may be impaired. There were no impairment losses recorded on equity method investments for the year ended December 31, 2024. See “Note 6 - Equity Investment in SBR” for further information on the Company’s only current equity method investment.
Variable Interest Entities	Variable Interest Entities The Company’s Consolidated Financial Statements include the financial statements of its subsidiaries and variable interest entities (“VIE”), of which the Company is the primary beneficiary. The Company evaluates all legal entities in which it holds an ownership or other financial interest to determine if the entity is a VIE. Variable interests can be contractual, ownership or other financial interests in an entity that change with changes in the fair value of the VIE’s assets. If the Company is not the primary beneficiary, the general partner or another limited partner may consolidate the VIE, and the Company records the investment as an equity method investment.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The carrying amount of the cash equivalents approximates fair value due to the short-term maturity of those instruments.
Concentrations of Credit Risk	Concentrations of Credit Risk For the years ended December 31, 2024 and December 31, 2023, only one customer, Shell plc (“Shell”), accounted for 10% or more of the Company’s revenues (approximately 13% and 14%, respectively).
Revenue Recognition	Revenue Recognition The Company sells various refined products primarily through its refinery subsidiaries and recognizes revenue related to the sale of products when control of the promised goods or services is transferred to the customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Refer to “Note 17 - Revenues” for further discussion of the Company’s revenue recognition policy.
Allowance for Doubtful Accounts	Accounts receivable are carried at invoiced amounts. An allowance for doubtful accounts is established, if required, to report such amounts at their estimated net realizable value. In estimating probable losses, management reviews accounts that are past due and determines if there are any known disputes.
Excise Taxes	Excise taxes on sales of refined products that are collected from customers and remitted to various governmental agencies are reported on a net basis.
Inventory	Inventory Inventories are carried at the lower of cost or market (“LCM”). The cost of crude oil, feedstocks, blendstocks and refined products are determined under the last-in first-out (“LIFO”) method using the dollar value LIFO method with increments valued based on average purchase prices during the year. The cost of supplies and other inventories is determined principally on the weighted average cost method.
RINs	RINs The Company is subject to obligations to purchase Renewable Identification Numbers (“RINs”) required to comply with the renewable fuel standard implemented by Environmental Protection Agency (“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 (the “RFS”). The Company’s overall RINs obligation is based on a percentage of domestic shipments of on-road fuels as established by 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.
Leases	Leases The Company leases office space, office equipment, refinery facilities and equipment, railcars and other logistics assets primarily under non-cancelable operating leases, with terms typically ranging from one The Company determines whether a contract is or contains a lease at inception of the contract and whether that lease meets the classification criteria of a finance or operating lease. When available, the Company uses the rate implicit in the lease to discount lease payments to present value; however, most of the Company’s leases do not provide a readily determinable implicit rate. Therefore, the Company must discount lease payments based on an estimate of its incremental borrowing rate. For substantially all classes of underlying assets, the Company has elected the practical expedient not to separate lease and non-lease components, which allows for combining the components if certain criteria are met. For certain leases of refinery support facilities, the Company accounts for the non-lease service component separately.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment additions are recorded at cost. The Company capitalizes costs associated with the preliminary, pre-acquisition and development/construction stages of a major construction project. The Company capitalizes the interest cost associated with major construction projects based on the effective interest rate of total borrowings. The Company also capitalizes costs incurred in the acquisition and development of software for internal use, including the costs of software, materials, consultants and payroll-related costs for employees incurred in the application development stage. Depreciation is computed using the straight-line method over the following estimated useful lives: Computers, furniture and fixtures 3-7 years Leasehold improvements 20 years Process units and equipment 5-25 years Pipeline and equipment 5-25 years Buildings 25 years Railcars 50 years Maintenance and repairs are charged to operating expenses as they are incurred. Improvements and betterments, which extend the lives of the assets, are capitalized.
Deferred Charges and Other Assets, Net	Deferred Charges and Other Assets, Net Deferred charges and other assets include refinery turnaround costs, catalyst, precious metal catalysts, linefill, deferred financing costs and intangible assets. Refinery turnaround costs, which are incurred in connection with planned major maintenance activities, are capitalized when incurred and amortized on a straight-line basis over the period of time estimated to lapse until the next turnaround occurs, which is based on an engineering assessment. The amortization period generally ranges from 3 to 6 years; however, based on the specific facts and circumstances, different periods of deferral may occur. Precious metal catalysts, linefill and certain other intangibles are considered indefinite-lived assets as they are not expected to deteriorate in their prescribed functions. Such assets are assessed for impairment in connection with the Company’s review of its long-lived assets. Deferred financing costs are capitalized when incurred and amortized over the life of the loan.
Finite-Lived Intangible Assets	Intangible assets with finite lives primarily consist of emission credits, permits and customer relationships and are amortized over their estimated useful lives (generally 1 to 10 years).
Asset Retirement Obligations	Asset Retirement Obligations The Company records an asset retirement obligation at fair value for the estimated cost to retire a tangible long-lived asset at the time the Company incurs that liability, which is generally when the asset is purchased, constructed, or leased. The Company records the liability when it has a legal or contractual obligation to incur costs to retire the asset and when a reasonable estimate of the fair value of the liability can be made. If a reasonable estimate cannot be made at the time the liability is incurred, the Company will record the liability when sufficient information is available to estimate the liability’s fair value. Certain of the Company’s asset retirement obligations are based on its legal obligation to perform remedial activity at its refinery sites when it permanently ceases operations of the long-lived assets. The Company therefore considers the settlement date of these obligations to be indeterminable. Accordingly, the Company cannot calculate an associated asset retirement liability for these obligations at this time. The Company will measure and recognize the fair value of these asset retirement obligations when the settlement date is determinable.
Environmental Matters	Environmental Matters Liabilities for future remediation costs are recorded when environmental assessments and/or remedial efforts are probable, and the costs can be reasonably estimated. Other than for assessments, the timing and magnitude of these accruals generally are based on the completion of investigations or other studies or a commitment to a formal plan of action. Environmental liabilities are based on best estimates of probable future costs using currently available technology and applying current regulations, as well as the Company’s own internal environmental policies. The measurement of environmental remediation liabilities may be discounted to reflect the time value of money if the aggregate amount and timing of cash payments of the liabilities are fixed or reliably determinable. The actual settlement of the Company’s liability for environmental matters could materially differ from its estimates due to a number of uncertainties such as the extent of contamination, changes in environmental laws and regulations, potential improvements in remediation technologies and the participation of other responsible parties.
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation includes the accounting effect of options to purchase PBF Energy Class A common stock granted by the Company to certain employees, Series A warrants issued or granted by PBF LLC to employees in connection with their acquisition of PBF LLC Series A units, options to acquire Series A units of PBF LLC granted by PBF LLC to certain employees, Series B units of PBF LLC that were granted to certain members of management and restricted PBF LLC Series A Units and restricted PBF Energy Class A common stock granted to certain directors and officers. The estimated fair value of the options to purchase PBF Energy Class A common stock and the PBF LLC Series A warrants and options is based on the Black-Scholes option pricing model and the fair value of the PBF LLC Series B units is estimated based on a Monte Carlo simulation model. The estimated fair value is amortized as stock-based compensation expense on a straight-line method over the vesting period and included in General and administrative expense with forfeitures recognized in the period they occur.
Income Taxes	Income Taxes As a result of the PBF Energy’s acquisition of PBF LLC Series A Units or exchanges of PBF LLC Series A Units for PBF Energy Class A common stock, PBF Energy expects to benefit from amortization and other tax deductions reflecting the step up in tax basis in the acquired assets. Those deductions will be allocated to PBF Energy and will be taken into account in reporting PBF Energy’s taxable income. As a result of a federal income tax election made by PBF LLC, applicable to a portion of PBF Energy’s acquisition of PBF LLC Series A Units, the income tax basis of the assets of PBF LLC, underlying a portion of the units PBF Energy acquired, has been adjusted based upon the amount that PBF Energy paid for that portion of its PBF LLC Series A Units. PBF Energy entered into a tax receivable agreement with the PBF LLC Series A and PBF LLC Series B unitholders (the “Tax Receivable Agreement”), which provides for the payment by PBF Energy 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 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. As a result of these transactions, PBF Energy’s tax basis in its share of PBF LLC’s assets will be higher than the book basis of these same assets. This resulted in a deferred tax asset of $165.0 million as of December 31, 2024. Deferred taxes are calculated using a liability method, whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences represent the differences between reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment. PBF Energy recognizes tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. Interest and penalties on uncertain tax positions are included as a component of the provision for income taxes on the Consolidated Statements of Operations. The Company assesses the available positive and negative evidence to estimate whether sufficient future taxable income will be generated to permit use of existing deferred tax assets. On the basis of this evaluation, a valuation allowance is recorded to recognize only the portion of deferred tax assets that are more likely than not to be realized. The amount of the deferred tax assets considered realizable, however, could be adjusted if estimates of future taxable income during the carryover period are reduced or increased or if objective negative evidence in the form of cumulative losses is no longer present and additional weight is given to subjective evidence such as PBF Energy’s projections for future taxable income.
Net Income Per Share	Net Income Per Share
Pension and Other Post-Retirement Benefits	Pension and Other Post-Retirement Benefits The Company recognizes an asset for the overfunded status or a liability for the underfunded status of its pension and post-retirement benefit plans. The funded status is recorded within Other long-term liabilities or Other non-current assets. Changes in the plans’ funded status are recognized in other comprehensive income in the period the change occurs.
Fair Value Measurement	Fair Value Measurement A fair value hierarchy (Level 1, Level 2, or Level 3) is used to categorize fair value amounts based on the quality of inputs used to measure fair value. Accordingly, fair values derived from Level 1 inputs utilize quoted prices in active markets for identical assets or liabilities. Fair values derived from Level 2 inputs are based on quoted prices for similar assets and liabilities in active markets, and inputs other than quoted prices that are either directly or indirectly observable for the asset or liability. Level 3 inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. The Company uses appropriate valuation techniques based on the available inputs to measure the fair values of its applicable assets and liabilities. When available, the Company measures fair value using Level 1 inputs because they generally provide the most reliable evidence of fair value. In some valuations, the inputs may fall into different levels in the hierarchy. In these cases, the asset or liability level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurements.
Financial Instruments	Financial Instruments The estimated fair value of financial instruments has been determined based on the Company’s assessment of available market information and appropriate valuation methodologies. The Company’s non-derivative financial instruments that are included in current assets and current liabilities are recorded at cost in the Consolidated Balance Sheets. The estimated fair value of these financial instruments approximates their carrying value due to their short-term nature. Derivative instruments are recorded at fair value in the Consolidated Balance Sheets. The Company’s commodity contracts are measured and recorded at fair value using Level 1 inputs based on quoted prices in an active market, Level 2 inputs based on quoted market prices for similar instruments, or Level 3 inputs based on third-party sources and other available market based data. The Company’s catalyst obligations and derivatives related to the Company’s crude oil and feedstocks and refined product purchase obligations are measured and recorded at fair value using Level 2 inputs on a recurring basis, based on observable market prices for similar instruments.
Derivative Instruments	Derivative Instruments The Company is exposed to market risk, primarily related to changes in commodity prices for the crude oil and feedstocks used in the refining process as well as the prices of the refined products sold, and the risk associated with the price of credits needed to comply with various governmental and regulatory environmental compliance programs. The accounting treatment for commodity and environmental compliance contracts depends on the intended use of the particular contract and on whether or not the contract meets the definition of a derivative. All derivative instruments, not designated as normal purchases or sales, are recorded in the Consolidated Balance Sheets as either assets or liabilities measured at their fair values. Changes in the fair value of derivative instruments that either are not designated or do not qualify for hedge accounting treatment or normal purchase or normal sale accounting are recognized in earnings. Contracts qualifying for the normal purchase and sales exemption are accounted for upon settlement. Cash flows related to derivative instruments that are not designated or do not qualify for hedge accounting treatment are included in operating activities. The Company designates certain derivative instruments as fair value hedges of a particular risk associated with a recognized asset or liability. At the inception of the hedge designation, the Company documents the relationship between the hedging instrument and the hedged item, as well as its risk management objective and strategy for undertaking various hedge transactions. Derivative gains and losses related to these fair value hedges, including hedge ineffectiveness, are recorded in cost of sales along with the change in fair value of the hedged asset or liability attributable to the hedged risk. Cash flows related to derivative instruments that are designated as fair value hedges are included in operating activities. Economic hedges are hedges not designated as fair value or cash flow hedges for accounting purposes that are used to (i) manage price volatility in certain refinery feedstock and refined product inventories, and (ii) manage price volatility in certain forecasted refinery feedstock purchases and refined product sales. These instruments are recorded at fair value and changes in the fair value of the derivative instruments are recognized currently in cost of sales. Derivative accounting is complex and requires management judgment in the following respects: identification of derivatives and embedded derivatives, determination of the fair value of derivatives, documentation of hedge relationships, assessment and measurement of hedge ineffectiveness and election and designation of the normal purchases and sales exemption. All of these judgments, depending upon their timing and effect, can have a significant impact on the Company’s earnings.
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements In November 2023, FASB issued Accounting Standard Update (“ASU”) 2023-07, “Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures.” The amendments in this ASU improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The Company’s adoption of this guidance in December 2024 resulted in additional disclosure requirements but did not have a significant impact on its Consolidated Financial Statements. Recently Issued Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03, “Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses” (“ASU 2024-03”) which introduces new disclosure requirements aimed at enhancing the transparency of expense information presented in the financial statements. Specifically, it mandates that public business entities disaggregate certain expense captions presented on the face of the Consolidated Statements of Operations into specified natural expense categories within the notes to the financial statements. For public business entities, the amendments are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual periods, with early adoption permitted. An entity may apply the amendments in this ASU prospectively or retrospectively. We are currently evaluating the impact of adopting ASU 2024-03 on our consolidated financial statements. While we do not anticipate that the adoption of this ASU will have a material impact on our Consolidated Financial Statements, it will result in additional disclosure requirements in the notes to our financial statements. We will continue to monitor any further guidance or interpretations by the FASB related to this ASU and will provide updates in future filings. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740) - Improvements to Income Tax Disclosures” which focuses on the rate reconciliation and income taxes paid. ASU No. 2023-09 requires a public business entity to disclose, on an annual basis, a tabular rate reconciliation using both percentages and currency amounts, broken out into specified categories with certain reconciling items further broken out by nature and jurisdiction to the extent those items exceed a specified threshold. In addition, all entities are required to disclose income taxes paid, net of refunds received disaggregated by federal, state/local, and foreign and by jurisdiction if the amount is at least 5% of total income tax payments, net of refunds received. For public business entities, the new standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. An entity may apply the amendments in this ASU prospectively or retrospectively. The Company’s adoption of this guidance will result in additional disclosure requirements but is not anticipated to have a significant impact on its Consolidated Financial Statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Property, Plant and Equipment, Useful Lives	Depreciation is computed using the straight-line method over the following estimated useful lives: Computers, furniture and fixtures 3-7 years Leasehold improvements 20 years Process units and equipment 5-25 years Pipeline and equipment 5-25 years Buildings 25 years Railcars 50 years

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories consisted of the following: (in millions) December 31, 2024 December 31, 2023 Crude oil and feedstocks $ 1,232.7 $ 1,495.4 Refined products and blendstocks 1,194.6 1,536.5 Warehouse stock and other 168.0 151.2 2,595.3 3,183.1 Lower of cost or market adjustment — — Total inventories $ 2,595.3 $ 3,183.1

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Summary of property, plant and equipment	Property, plant and equipment, net consisted of the following: (in millions) December 31, December 31, Processing units, pipelines and equipment $ 5,727.4 $ 5,463.5 Land 527.9 530.9 Construction in progress 507.6 468.9 Computers, furniture and fixtures 258.3 221.5 Buildings and leasehold improvements 212.1 205.4 7,233.3 6,890.2 Less—Accumulated depreciation (2,165.6) (1,912.1) Total property, plant and equipment, net $ 5,067.7 $ 4,978.1

DEFERRED CHARGES AND OTHER AS_2

DEFERRED CHARGES AND OTHER ASSETS, NET (Tables)	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of deferred charges and other assets, net	Deferred charges and other assets, net consisted of the following: (in millions) December 31, December 31, Deferred turnaround costs, net $ 1,086.6 $ 860.8 Catalyst, net (a) 191.1 180.4 Environmental credits 42.5 42.5 Linefill 27.4 27.4 Pension plan assets 19.4 18.8 Other 12.5 13.1 Total deferred charges and other assets, net $ 1,379.5 $ 1,143.0 (a) Catalyst, net includes $115.0 million and $114.2 million of indefinite-lived precious metal catalysts as of December 31, 2024 and December 31, 2023, respectively.
Intangible assets, net	Intangible assets - net, included in “Other” above, primarily consists of customer relationships, permits and emission credits. Our net balance as of December 31, 2024 and December 31, 2023 is shown below: (in millions) December 31, December 31, Intangible assets - gross $ 25.5 $ 25.5 Accumulated amortization (17.4) (16.9) Intangible assets - net $ 8.1 $ 8.6

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2024
Payables and Accruals [Abstract]
Schedule of accrued expenses	Accrued expenses consisted of the following: (in millions) December 31, December 31, Inventory-related accruals $ 1,398.8 $ 1,716.2 Renewable energy credit and emissions obligations (a) 465.9 429.8 Accrued transportation costs 175.2 170.5 Excise and sales tax payable 150.7 137.8 Accrued utilities 71.5 71.0 Accrued capital expenditures 52.7 85.5 Accrued purchases - SBR 47.8 28.3 Accrued refinery maintenance and support costs 45.5 60.2 Accrued interest 29.5 32.4 Accrued salaries and benefits 23.9 187.3 Current finance lease liabilities 11.2 12.2 Environmental liabilities 9.7 16.6 Contingent consideration — 21.6 Other 51.1 50.6 Total accrued expenses $ 2,533.5 $ 3,020.0 (a) The Company is subject to obligations to purchase RINs required to comply with RFS. The Company’s overall RINs obligation is based on a percentage of domestic shipments of on-road fuels as established by 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 (“AB 32”), to address environmental compliance and greenhouse gas and other emissions. These requirements include incremental costs to operate and maintain the Company’s 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. From time to time, the Company enters into forward purchase commitments in order to acquire its renewable energy and emissions credits at fixed prices. As of December 31, 2024, the Company had entered into $443.2 million of such forward purchase commitments with respect to its total accrued renewable energy and emissions obligations. The Company’s RIN obligations will be settled in accordance with established regulatory deadlines. The Company’s current AB 32 liability is part of an ongoing triennial period program which will be settled through 2027.

CREDIT FACILITIES AND DEBT (Tab

CREDIT FACILITIES AND DEBT (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Summary of long-term debt outstanding	Debt outstanding consisted of the following: (in millions) December 31, December 31, 2028 Senior Notes $ 801.6 $ 801.6 2030 Senior Notes 500.0 500.0 Revolving Credit Facility 200.0 — 1,501.6 1,301.6 Unamortized deferred financing costs (41.6) (52.5) Unamortized discount (2.7) (3.2) Long-term debt $ 1,457.3 $ 1,245.9
Schedule of debt maturing in the next five years and thereafter	Debt maturing in the next five years and thereafter is as follows (in millions): Year Ending December 31, (in millions) 2025 $ — 2026 — 2027 — 2028 1,001.6 2029 — Thereafter 500.0 Total debt outstanding $ 1,501.6

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	A summary of the Company’s related party transactions with SBR is as follows: Year Ended December 31, (in millions) 2024 2023 Transactions under commercial agreements: Sales $ 39.7 $ 9.1 Purchases (323.5) (244.4) Reimbursements under related party agreements: Operating Agreement 163.7 62.8 Total lease expense under related party agreements (4.1) — For the year ended December 31, 2024, the Company received total fees of $4.1 million and $6.6 million under the Omnibus Agreement and CAUSA, respectively.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Unrecorded unconditional purchase obligations disclosure	The fixed and determinable amounts related to obligations under these agreements are as follows (in millions): Year Ending December 31, 2025 $ 101.4 2026 45.7 2027 45.7 2028 41.8 2029 39.8 Thereafter 308.5 Total obligations $ 582.9

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Assets and Liabilities, Lessee	The table below presents the lease related assets and liabilities recorded on the Company’s Consolidated Balance Sheets as of December 31, 2024 and December 31, 2023: (in millions) Classification on the Balance Sheet December 31, 2024 December 31, 2023 Assets Operating lease assets Lease right of use assets $ 802.4 $ 732.8 Finance lease assets Lease right of use assets 42.9 56.3 Total lease right of use assets $ 845.3 $ 789.1 Liabilities Current liabilities: Operating lease liabilities Current operating lease liabilities $ 187.8 $ 131.2 Finance lease liabilities Accrued expenses 11.2 12.2 Noncurrent liabilities: Operating lease liabilities Long-term operating lease liabilities 622.2 608.8 Finance lease liabilities Long-term financing lease liabilities 35.4 46.1 Total lease liabilities $ 856.6 $ 798.3
Lease, Cost	The table below presents certain information related to costs for the Company’s leases for the year ended December 31, 2024 and December 31, 2023: Lease Costs (in millions) December 31, 2024 December 31, Components of total lease costs: Finance lease costs Amortization of right of use assets $ 14.0 $ 13.9 Interest on lease liabilities 3.6 4.5 Operating lease costs 289.6 219.7 Short-term lease costs 78.7 137.7 Variable lease costs 27.0 13.4 Sub-lease income (3.0) — Total lease costs $ 409.9 $ 389.2
Cash Flow, Lessee	The table below presents supplemental cash flow information related to leases for the year ended December 31, 2024 and December 31, 2023 (in millions): Year Ended December 31, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 289.1 $ 213.9 Operating cash flows for finance leases 3.6 4.5 Financing cash flows for finance leases 12.2 14.1 Supplemental non-cash quantification of assets acquired or remeasured under operating and financing leases 288.6 271.6 Lease Term and Discount Rate The table below presents certain information related to the weighted average remaining lease term and weighted average discount rate for the Company’s leases as of December 31, 2024: Weighted average remaining lease term - operating leases 9.0 years Weighted average remaining lease term - finance leases 3.8 years Weighted average discount rate - operating leases 13.7 % Weighted average discount rate - finance leases 7.1 %
Lessee, Operating Lease, Liability, Maturity	The table below reconciles the fixed component of the undiscounted cash flows for each of the periods presented to the lease liabilities recorded on the Consolidated Balance Sheets as of December 31, 2024: Amounts due in the year ended December 31, ( in millions ) Finance Leases Operating Leases 2025 $ 14.1 $ 278.8 2026 13.7 184.1 2027 13.7 137.0 2028 11.0 107.5 2029 0.7 95.1 Thereafter — 617.8 Total minimum lease payments 53.2 1,420.3 Less: effect of discounting 6.6 610.3 Present value of future minimum lease payments 46.6 810.0 Less: current obligations under leases 11.2 187.8 Long-term lease obligations $ 35.4 $ 622.2
Finance Lease, Liability, Fiscal Year Maturity	The table below reconciles the fixed component of the undiscounted cash flows for each of the periods presented to the lease liabilities recorded on the Consolidated Balance Sheets as of December 31, 2024: Amounts due in the year ended December 31, ( in millions ) Finance Leases Operating Leases 2025 $ 14.1 $ 278.8 2026 13.7 184.1 2027 13.7 137.0 2028 11.0 107.5 2029 0.7 95.1 Thereafter — 617.8 Total minimum lease payments 53.2 1,420.3 Less: effect of discounting 6.6 610.3 Present value of future minimum lease payments 46.6 810.0 Less: current obligations under leases 11.2 187.8 Long-term lease obligations $ 35.4 $ 622.2

NONCONTROLLING INTERESTS (Table

NONCONTROLLING INTERESTS (Tables)	12 Months Ended
	Dec. 31, 2024
Schedule of stockholders equity	The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF Energy for the years ended December 31, 2024, 2023 and 2022: (in millions) PBF Energy Noncontrolling Noncontrolling Interest in PBF Holding Total Equity Balance at January 1, 2024 $ 6,488.3 $ 129.9 $ 13.1 $ 6,631.3 Comprehensive income (loss) (529.5) (6.0) (0.4) (535.9) Dividends and distributions (119.9) (1.6) — (121.5) Effect of change in deferred tax assets and liabilities and tax receivable agreement obligation (0.6) — — (0.6) Stock-based compensation 35.2 — — 35.2 Transactions in connection with stock-based compensation plans 24.7 — — 24.7 Exchanges of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock 0.6 (0.6) — — Treasury stock purchases (354.6) — — (354.6) Balance at December 31, 2024 $ 5,544.2 $ 121.7 $ 12.7 $ 5,678.6 (in millions) PBF Energy Noncontrolling Noncontrolling Interest in PBF Holding Total Equity Balance at January 1, 2023 $ 4,929.2 $ 114.6 $ 12.2 $ 5,056.0 Comprehensive income 2,129.7 20.6 0.9 2,151.2 Dividends and distributions (106.6) (5.3) — (111.9) Effects of change in deferred tax assets and liabilities and tax receivable agreement obligation (4.5) — — (4.5) Stock-based compensation 35.8 — — 35.8 Transactions in connection with stock-based compensation plans 44.5 — — 44.5 Treasury stock purchases (539.9) — — (539.9) Other 0.1 — — 0.1 Balance at December 31, 2023 $ 6,488.3 $ 129.9 $ 13.1 $ 6,631.3 (in millions) PBF Energy Noncontrolling Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2022 $ 1,926.2 $ 95.4 $ 12.2 $ 499.0 $ 2,532.8 Comprehensive income (loss) 2,858.0 27.9 (1.4) 69.5 2,954.0 Dividends and distributions (24.7) (8.6) — (40.3) (73.6) Effects of changes in PBFX ownership interest on deferred tax assets and liabilities (9.7) — — — (9.7) PBFX Merger Transaction 216.0 — — (519.7) (303.7) Stock-based compensation 33.2 — — 10.2 43.4 Transactions in connection with stock-based compensation plans 86.5 — — (18.7) 67.8 Exchanges of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock 0.1 (0.1) — — — Treasury stock purchases (156.4) — — — (156.4) Other — — 1.4 — 1.4 Balance at December 31, 2022 $ 4,929.2 $ 114.6 $ 12.2 $ — $ 5,056.0
Schedule of comprehensive income (loss)	The following table summarizes the allocation of total comprehensive income (loss) of PBF Energy between the controlling and noncontrolling interests for the year ended December 31, 2024: (in millions) Attributable to Noncontrolling Total Net income (loss) $ (533.8) $ (6.4) $ (540.2) Other comprehensive income (loss): Unrealized loss on available for sale securities (0.3) — (0.3) Amortization of defined benefit plans unrecognized net gain 4.6 — 4.6 Total other comprehensive income 4.3 — 4.3 Total comprehensive income (loss) $ (529.5) $ (6.4) $ (535.9) The following table summarizes the allocation of total comprehensive income of PBF Energy between the controlling and noncontrolling interests for the year ended December 31, 2023: (in millions) Attributable to Noncontrolling Total Net income $ 2,140.5 $ 21.5 $ 2,162.0 Other comprehensive income (loss): Unrealized loss on available for sale securities (0.4) — (0.4) Amortization of defined benefit plans unrecognized net loss (10.4) — (10.4) Total other comprehensive income (loss) (10.8) — (10.8) Total comprehensive income $ 2,129.7 $ 21.5 $ 2,151.2 The following table summarizes the allocation of total comprehensive income of PBF Energy between the controlling and noncontrolling interests for the year ended December 31, 2022: (in millions) Attributable to Noncontrolling Total Net income $ 2,876.8 $ 96.0 $ 2,972.8 Other comprehensive income (loss): Unrealized loss on available for sale securities (2.5) — (2.5) Amortization of defined benefit plans unrecognized net loss (16.3) — (16.3) Total other comprehensive income (loss) (18.8) — (18.8) Total comprehensive income $ 2,858.0 $ 96.0 $ 2,954.0
PBF LLC
Schedule of noncontrolling interest	The noncontrolling interest ownership percentages in PBF LLC as of the completion dates of each of the equity offerings and as of the years ended December 31, 2024, 2023 and 2022 are calculated as follows: Holders of Outstanding Shares Total December 31, 2022 910,457 129,639,307 130,549,764 0.7% 99.3% 100.0% December 31, 2023 862,780 120,440,620 121,303,400 0.7% 99.3% 100.0% December 31, 2024 862,780 115,311,992 116,174,772 0.7% 99.3% 100.0%

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of stock-based compensation expense	Stock-based compensation expense included in general and administrative expenses consisted of the following: Years Ended December 31, (in millions) 2024 2023 2022 PBF Energy options $ 4.5 $ 11.9 $ 19.1 PBF Energy restricted shares 21.7 17.9 11.6 PBF Energy performance awards 18.1 21.7 13.4 PBFX phantom units — — 10.2 $ 44.3 $ 51.5 $ 54.3
Schedule of Share-Based Payment Awards, Performance Awards, Valuation Assumptions	The grant date fair value was calculated using a Monte Carlo valuation model with the following assumptions: December 31, 2024 December 31, 2023 December 31, 2022 Expected life (in years) 2.82 - 3.04 2.86 - 3.18 3.08 Expected volatility 53.66% - 56.02% 56.68% - 59.98% 65.16% Dividend yield 2.07% - 3.93% 1.73% - 1.80% 2.18% Risk-free rate of return 4.17% - 4.35% 4.40% - 4.75% 3.90% Weighted average grant-date fair value per PSU $ 34.04 $ 56.35 $ 45.91
PBF Energy | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Share-based compensation activity	The following table summarizes activity for PBF Energy options for 2024: Number of Weighted Weighted Stock-based awards, outstanding at January 1, 2024 7,453,454 $ 23.98 5.26 Exercised (1,004,884) 21.69 — Forfeited (17,695) 15.37 — Outstanding at December 31, 2024 6,430,875 $ 24.36 4.18 Exercisable and vested at December 31, 2024 6,426,041 $ 24.35 4.18 Total expected to vest as of December 31, 2024 4,834 $ 28.81 7.44
PBF Energy | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Share-based compensation activity	The following table summarizes activity for PBF Energy restricted stock: Number of Weighted Average Nonvested at January 1, 2024 1,052,506 $ 41.43 Granted 1,350,576 28.60 Vested (460,294) 40.01 Forfeited (18,893) 41.81 Nonvested at December 31, 2024 1,923,895 $ 32.60 Unrecognized compensation expense related to PBF Energy Restricted Class A common stock at December 31, 2024 was $38.9 million, which will be recognized from 2025 through 2027. The following table reflects activity related to our restricted stock: December 31, 2024 December 31, 2023 December 31, 2022 Weighted-average grant-date fair value per share of restricted stock granted $ 28.60 $ 44.90 $ 35.73 Fair value of restricted stock vested ( in millions ) $ 15.5 $ 11.2 $ 3.3
PBF Energy | Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Share-based compensation activity	The following table summarizes activity for PBF Energy performance share awards: Number of Weighted Average Nonvested at January 1, 2024 631,443 $ 38.48 Granted 253,223 34.04 Vested (246,862) 18.73 Forfeited (25,394) 49.78 Nonvested at December 31, 2024 612,410 $ 44.14
PBF Energy | Performance Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Share-based compensation activity	The following table summarizes activity for PBF Energy performance unit awards: Number of Nonvested at January 1, 2024 43,557,161 Granted 14,274,646 Vested (2,194,890) Forfeited (9,632,887) Nonvested at December 31, 2024 46,004,030

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Schedule of changes in benefit obligations, fair value of plan assets, and funded status of plan	The changes in the benefit obligation, the changes in fair value of plan assets, and the funded status of the Company’s Pension and Post-Retirement Medical Plans as of and for the years ended December 31, 2024 and 2023 were as follows: Pension Plans Post-Retirement (in millions) 2024 2023 2024 2023 Change in benefit obligation: Benefit obligation at beginning of year $ 429.7 $ 357.0 $ 19.6 $ 13.9 Service cost 53.4 48.1 0.9 0.5 Interest cost 20.3 17.7 0.9 0.7 Plan amendments — — — 6.0 Benefit payments (15.5) (18.1) (2.4) (1.4) Actuarial loss (gain) 1.9 25.0 (3.4) (0.1) Projected benefit obligation at end of year $ 489.8 $ 429.7 $ 15.6 $ 19.6 Change in plan assets: Fair value of plan assets at beginning of year $ 349.3 $ 274.2 $ — $ — Actual return on plan assets 25.9 34.8 — — Benefits paid (15.5) (18.1) (2.4) (1.4) Employer contributions 35.0 58.4 2.4 1.4 Fair value of plan assets at end of year $ 394.7 $ 349.3 $ — $ — Reconciliation of funded status: Fair value of plan assets at end of year $ 394.7 $ 349.3 $ — $ — Less projected benefit obligation at end of year 489.8 429.7 15.6 19.6 Funded status at end of year $ (95.1) $ (80.4) $ (15.6) $ (19.6)
Schedule of expected benefit payments	Benefit payments, which reflect expected future services that the Company expects to pay are as follows for the years ended December 31: (in millions) Pension Benefits Post-Retirement 2025 $ 37.3 $ 1.5 2026 31.5 1.6 2027 36.2 1.6 2028 40.1 1.7 2029 44.6 1.6 Years 2030-2034 269.6 7.7
Schedule of net periodic benefit cost	The components of net periodic benefit cost were as follows for the years ended December 31, 2024, 2023 and 2022: Pension Benefits Post-Retirement (in millions) 2024 2023 2022 2024 2023 2022 Components of net periodic benefit cost: Service cost $ 53.4 $ 48.1 $ 55.6 $ 0.9 $ 0.5 $ 0.8 Interest cost 20.3 17.7 7.9 0.9 0.7 0.3 Expected return on plan assets (24.4) (19.2) (17.5) — — — Amortization of prior service cost and actuarial loss 0.3 — 0.1 0.5 0.1 0.4 Net periodic benefit cost $ 49.6 $ 46.6 $ 46.1 $ 2.3 $ 1.3 $ 1.5
Schedule of pre-tax amounts recognized in other comprehensive income (loss)	The pre-tax amounts recognized in other comprehensive loss (income) for the years ended December 31, 2024, 2023 and 2022 were as follows: Pension Benefits Post-Retirement (in millions) 2024 2023 2022 2024 2023 2022 Prior service costs $ — $ — $ — $ — $ 6.1 $ — Net actuarial loss (gain) 0.4 9.5 27.6 (3.3) (0.2) (4.0) Amortization of losses and prior service cost (0.3) (0.1) (0.1) (0.5) (0.1) (0.4) Total changes in other comprehensive (income) loss $ 0.1 $ 9.4 $ 27.5 $ (3.8) $ 5.8 $ (4.4)
Schedule of pre-tax amounts in accumulated other comprehensive loss not yet recognized as components of net periodic costs	The pre-tax amounts in accumulated other comprehensive (loss) income as of December 31, 2024 and 2023 that have not yet been recognized as components of net periodic costs were as follows: Pension Benefits Post-Retirement (in millions) 2024 2023 2024 2023 Prior service costs $ (0.3) $ (0.4) $ (7.6) $ (8.7) Net actuarial (loss) gain (24.6) (24.4) 13.5 10.9 Total $ (24.9) $ (24.8) $ 5.9 $ 2.2
Schedule of assumptions used	The weighted average assumptions used to determine the benefit obligations as of December 31, 2024 and 2023 were as follows: Qualified Plan Supplemental Plan Post-Retirement Medical Plan 2024 2023 2024 2023 2024 2023 Discount rate - benefit obligations 5.63 % 4.99 % 5.54 % 4.94 % 5.39 % 4.88 % Rate of compensation increase 4.55 % 4.27 % 5.00 % 4.50 % — — The weighted average assumptions used to determine the net periodic benefit costs for the years ended December 31, 2024, 2023 and 2022 were as follows: Qualified Plan Supplemental Plan Post-Retirement Medical Plan 2024 2023 2022 2024 2023 2022 2024 2023 2022 Discount rates: Effective rate for service cost 5.00% 5.22% 2.80% 4.94% 5.24% 2.73% 5.00% 5.27% 2.80% Effective rate for interest cost 4.90% 5.14% 2.33% 4.90% 5.14% 2.24% 4.82% 5.05% 1.91% Effective rate for interest on service cost 4.89% 5.14% 2.45% 4.84% 5.12% 2.29% 4.93% 5.21% 2.65% Cash balance interest credit rate 3.99% 4.04% 2.06% 3.99% 4.04% 2.06% N/A N/A N/A Expected long-term rate of return on plan assets 6.80% 6.75% 5.50% N/A N/A N/A N/A N/A N/A Rate of compensation increase 4.55% 4.27% 4.26% 4.50% 4.50% 4.50% N/A N/A N/A
Schedule of assumed health care cost trend rates	The assumed health care cost trend rates as of December 31, 2024 and 2023 were as follows: Post-Retirement 2024 2023 Health care cost trend rate assumed for next year 5.9 % 6.4 % Rate to which the cost trend rate was assumed to decline (the ultimate trend rate) 4.0 % 4.0 % Year that the rate reaches the ultimate trend rate 2049 2046
Schedule of fair value of assets of the Company's Qualified Plan	The table below presents the fair values of the assets of the Company’s Qualified Plan as of December 31, 2024 and 2023 by level of fair value hierarchy. Assets consist of collective trusts and are measured at fair value based on the closing net asset value (“NAV”) as determined by the fund manager and reported daily. As noted above, the Company’s post-retirement medical plan is funded on a pay-as-you-go basis and has no assets. Fair Value Measurements Using (in millions) 2024 2023 Equities: Domestic equities $ 121.7 $ 75.0 Developed international equities 46.6 46.9 Global low volatility equities 7.9 21.0 Emerging market equities 19.2 24.8 Fixed-income 178.6 159.9 Real Estate 18.7 19.7 Cash and cash equivalents 2.0 2.0 Total $ 394.7 $ 349.3

REVENUES (Tables)

REVENUES (Tables)	12 Months Ended
	Dec. 31, 2024
REVENUE [Abstract]
Revenues from external customers for each product or group of similar products	The following table provides information relating to the Company’s revenues for each product or group of similar products for the periods presented. Year Ended December 31, (in millions) 2024 2023 2022 Refining Segment: Gasoline and distillates $ 28,652.0 $ 34,002.5 $ 41,465.0 Asphalt and blackoils 1,940.1 1,650.1 2,123.8 Feedstocks and other 1,449.1 1,640.6 1,863.0 Chemicals 662.8 650.6 903.8 Lubricants 373.9 344.7 425.0 Total Refining Revenue $ 33,077.9 $ 38,288.5 $ 46,780.6 Logistics Segment: Logistics Revenue 386.8 384.1 369.3 Total revenue prior to eliminations 33,464.7 38,672.6 47,149.9 Elimination of intercompany revenue (349.4) (347.8) (319.6) Total Revenues $ 33,115.3 $ 38,324.8 $ 46,830.3

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Summary of the income tax provision	The income tax provision in the PBF Energy Consolidated Statements of Operations consists of the following: Year Ended December 31, (in millions) 2024 2023 2022 Current (benefit) expense: Federal $ (10.6) $ 140.9 $ 75.8 Foreign — (0.3) 0.3 State 21.4 46.2 88.5 Total current 10.8 186.8 164.6 Deferred (benefit) expense: Federal (156.6) 387.7 379.9 Foreign (4.8) 3.1 (0.9) State (77.8) 146.2 41.2 Total deferred (239.2) 537.0 420.2 Total provision for income taxes $ (228.4) $ 723.8 $ 584.8
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: Year Ended December 31, 2024 2023 2022 Provision at Federal statutory rate 21.0 % 21.0 % 21.0 % Increase (decrease) attributable to flow-through of certain tax adjustments: State income taxes (net of federal income tax) 5.0 % 5.0 % 4.9 % Nondeductible/nontaxable items 3.3 % (0.5) % (0.4) % Rate differential from foreign jurisdictions (0.2) % — % — % Provision to return adjustment 0.2 % (0.1) % — % Adjustment to deferred tax assets and liabilities for change in tax rates — % — % (0.2) % Deferred tax asset valuation allowance — % — % (8.9) % Other 0.7 % (0.1) % 0.5 % Effective tax rate 30.0 % 25.3 % 16.9 %
Schedule of income tax	For financial reporting purposes, income (loss) before income taxes attributable to PBF Energy Inc. stockholders includes the following components: Year Ended December 31, (in millions) 2024 2023 2022 United States income (loss) $ (739.8) $ 2,852.4 $ 3,464.2 Foreign income (loss) (22.4) 11.9 (2.6) Total income (loss) before income taxes attributable to PBF Energy Inc. stockholders $ (762.2) $ 2,864.3 $ 3,461.6
Summary of the components of deferred tax assets and liabilities	A summary of the components of PBF Energy’s deferred tax assets and deferred tax liabilities consists of the following: (in millions) December 31, 2024 December 31, 2023 Deferred tax assets Purchase interest step-up $ 165.0 $ 171.6 Pension, employee benefits and compensation 53.3 96.5 Net operating loss carry forwards 297.5 3.4 Environmental liabilities 39.0 40.4 Lease liabilities 317.4 305.9 Other 50.7 27.0 Total deferred tax assets 922.9 644.8 Deferred tax liabilities Property, plant and equipment 1,122.0 1,062.2 Inventory 60.3 68.6 Right of use assets 314.5 303.5 Equity method investment in SBR 249.6 278.8 Other 12.5 5.0 Total deferred tax liabilities 1,758.9 1,718.1 Net deferred tax liability $ (836.0) $ (1,073.3)
Summary of income tax examinations	Income tax years that remain subject to examination by material jurisdictions, where an examination has not already concluded are all years including and subsequent to: United States Federal 2020 New Jersey 2020 Michigan 2020 Delaware 2021 Indiana 2021 Pennsylvania 2021 New York 2021 Louisiana 2021 California 2020

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Year Ended December 31, 2024 (in millions) Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 33,077.9 $ 386.8 $ — $ (349.4) $ 33,115.3 Cost of products and other 30,590.4 8.3 — (332.0) 30,266.7 Operating expenses 2,487.8 135.8 — (17.4) 2,606.2 Depreciation and amortization expense 578.4 36.2 13.2 — 627.8 Other segment expenses, net (1) (2) 0.9 7.3 305.4 — 313.6 Income (loss) from operations (2) (579.5) 199.1 (318.6) — (699.0) Interest (income) expense, net (14.1) (1.9) 88.0 — 72.0 Capital expenditures (3) 994.8 6.5 7.0 — 1,008.3 Year Ended December 31, 2023 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 38,288.5 $ 384.1 $ — $ (347.8) $ 38,324.8 Cost of products and other 33,000.8 — — (329.5) 32,671.3 Operating expenses 2,581.3 131.9 — (18.3) 2,694.9 Depreciation and amortization expense 523.9 36.1 11.5 — 571.5 Other segment (income) expenses, net (1) (2) (1.1) 10.0 (573.3) — (564.4) Income from operations (2) 2,183.6 206.1 561.8 — 2,951.5 Interest (income) expense, net (4.8) 2.3 66.3 — 63.8 Capital expenditures (3) 1,152.9 11.9 8.8 — 1,173.6 Year Ended December 31, 2022 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 46,780.6 $ 369.3 $ — $ (319.6) $ 46,830.3 Cost of products and other 39,350.7 — — (301.6) 39,049.1 Operating expenses 2,495.6 121.4 — (18.0) 2,599.0 Depreciation and amortization expense 466.9 36.7 7.5 — 511.1 Other segment expenses, net (1) 0.9 27.6 489.4 — 517.9 Income (loss) from operations 4,466.4 183.7 (496.9) — 4,153.2 Interest expense, net 10.9 39.5 195.6 — 246.0 Capital expenditures (3) 994.9 7.9 8.1 — 1,010.9 Balance at December 31, 2024 Refining Logistics Corporate Eliminations Consolidated Total Total assets (4) $ 10,945.5 $ 781.9 $ 1,015.4 $ (39.6) $ 12,703.2 Balance at December 31, 2023 Refining Logistics Corporate Eliminations Consolidated Total Total assets (4) $ 12,590.6 $ 816.8 $ 1,024.1 $ (43.7) $ 14,387.8 (1) Other segment (income) expenses, net include General and administrative expenses (excluding depreciation and amortization expenses), Change in fair value of contingent consideration, net, Equity loss in investee, Loss (gain) on formation of SBR equity method investment, and Loss (gain) on sale of assets. (2) Income (loss) from operations within Corporate for the year ended December 31, 2024, includes a $8.7 million reduction of the gain associated with the formation of the SBR equity method investment. Income from operations within Corporate for the year ended December 31, 2023, includes a gain of $925.1 million associated with the formation of the SBR equity method investment. (3) For the years ended December 31, 2024, December 31, 2023, and December 31, 2022, the Company’s refining segment includes $5.6 million, $312.7 million, and $336.2 million, respectively, of capital expenditures related to the Renewable Diesel Facility. (4) As of December 31, 2024 and December 31, 2023, Corporate assets include the Company’s Equity method investment in SBR of $866.8 million and $881.0 million, respectively.

NET INCOME PER SHARE OF PBF E_2

NET INCOME PER SHARE OF PBF ENERGY (Tables)	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Computation of basic and diluted net income per common share	The following table sets forth the computation of basic and diluted net income (loss) per share of PBF Energy Class A common stock attributable to PBF Energy for the periods presented: (in millions, except share and per share amounts) Year Ended December 31, Basic Earnings Per Share: 2024 2023 2022 Allocation of earnings: Net income (loss) attributable to PBF Energy Inc. stockholders $ (533.8) $ 2,140.5 $ 2,876.8 Less: Income allocated to participating securities 0.1 — — Income (loss) available to PBF Energy Inc. stockholders - basic $ (533.9) $ 2,140.5 $ 2,876.8 Denominator for basic net income (loss) per PBF Energy Class A common share-weighted average shares 116,248,827 124,953,858 122,598,076 Basic net income (loss) attributable to PBF Energy per Class A common share $ (4.59) $ 17.13 $ 23.47 Diluted Earnings Per Share: Numerator: Income (loss) available to PBF Energy Inc. stockholders - basic $ (533.9) $ 2,140.5 $ 2,876.8 Plus: Net income (loss) attributable to noncontrolling interest (1) (6.0) 20.5 27.9 Less: Income tax expense (benefit) on net income (loss) attributable to noncontrolling interest (1) 1.6 (5.3) (7.2) Numerator for diluted net income (loss) per Class A common share - net income (loss) attributable to PBF Energy Inc. stockholders (1) $ (538.3) $ 2,155.7 $ 2,897.5 Denominator (1) : Denominator for basic net income (loss) per PBF Energy Class A common share-weighted average shares 116,248,827 124,953,858 122,598,076 Effect of dilutive securities: Conversion of PBF LLC Series A Units 862,780 899,519 917,991 Common stock equivalents (2) — 4,656,071 3,344,039 Denominator for diluted net income (loss) per PBF Energy Class A common share-adjusted weighted average shares 117,111,607 130,509,448 126,860,106 Diluted net income (loss) attributable to PBF Energy Inc. stockholders per Class A common share $ (4.60) $ 16.52 $ 22.84 —————————— (1) The diluted earnings per share calculation generally assumes the conversion of all outstanding PBF LLC Series A Units to PBF Energy Class A common stock. 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 26.0%, 26.0% and 25.9% annualized statutory corporate tax rate for the years ended December 31, 2024, 2023 and 2022, respectively) 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 PSUs 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 performance share units and options and warrants to purchase 4,413,417, 18,431 and 3,877,035 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the years ended December 31, 2024, 2023 and 2022, respectively. For periods showing a net loss, all common stock equivalents and unvested restricted stock are considered anti-dilutive.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2024
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 December 31, 2024 and 2023. The Company has 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. The Company may be required to post margin collateral or reclaim cash collateral from derivative counterparties based on contractual terms. At December 31, 2024 and December 31, 2023, the Company had the obligation to return cash collateral posted against its derivative obligations of $15.1 million and $23.7 million, respectively. Cash collateral related to derivative contracts is recorded net in the Consolidated Balance Sheets. The Company has no derivative contracts that are subject to master netting arrangements that are reflected gross on the Consolidated Balance Sheets. As of December 31, 2024 Fair Value Hierarchy (in millions) Level 1 Level 2 Level 3 Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet Assets: Money market funds $ 21.0 $ — $ — $ 21.0 N/A $ 21.0 Commodity contracts 16.0 — — 16.0 (14.0) 2.0 Liabilities: Commodity contracts 14.0 — — 14.0 (14.0) — Renewable energy credit and emissions obligations — 465.9 — 465.9 — 465.9 As of December 31, 2023 Fair Value Hierarchy (in millions) Level 1 Level 2 Level 3 Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet Assets: Money market funds $ 141.6 $ — $ — $ 141.6 N/A $ 141.6 Commodity contracts 80.1 — — 80.1 (46.9) 33.2 Liabilities: Commodity contracts 46.9 — — 46.9 (46.9) — Renewable energy credit and emissions obligations — 429.8 — 429.8 — 429.8 Contingent consideration obligation — — 21.6 21.6 — 21.6
Schedule of Effect of Significant Unobservable Inputs	The table below summarizes the changes in fair value measurements categorized in Level 3 of the fair value hierarchy, which primarily includes the prior year change in estimated future earnings related to the Martinez Contingent Consideration: Year Ended December 31, (in millions) 2024 2023 Balance at beginning of period $ 21.6 $ 150.5 Settlements (18.8) (88.3) Unrealized gain included in earnings (2.8) (40.6) Balance at end of period $ — $ 21.6
Schedule of Fair value of Debt	The table below summarizes the carrying value and fair value of debt as of December 31, 2024 and 2023. December 31, 2024 December 31, 2023 (in millions) Carrying Fair Carrying Fair 2028 Senior Notes (a) $ 801.6 $ 765.9 $ 801.6 $ 779.3 2030 Senior Notes (a) 500.0 490.0 500.0 514.8 Revolving Credit Facility (b) 200.0 200.0 — — 1,501.6 1,455.9 1,301.6 1,294.1 Less - Unamortized deferred financing costs (41.6) n/a (52.5) n/a Unamortized discount (2.7) n/a (3.2) n/a Long-term debt $ 1,457.3 $ 1,455.9 $ 1,245.9 $ 1,294.1 _________________________ (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 outstanding 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.

DERIVATIVES (Tables)

DERIVATIVES (Tables)	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Instruments	The following tables provide information regarding the fair values of derivative instruments as of December 31, 2024 and December 31, 2023 and the line items in the Consolidated Balance Sheets in which fair values are reflected. Description Balance Sheet Location Fair Value (in millions) Derivatives not designated as hedging instruments: December 31, 2024: Commodity contracts Accounts receivable $ 2.0 December 31, 2023: Commodity contracts Accounts receivable $ 33.2
Schedule of Derivative Instruments, Gain (Loss) Recognized in Income	The following table provides information regarding gains or losses recognized in income on derivative instruments and the line items in the Consolidated Statements of Operations in which such gains and losses are reflected. Description Location of Gain or (Loss) Recognized in Gain or (Loss) (in millions) Derivatives designated as hedging instruments: For the year ended December 31, 2024: Derivatives included within the inventory intermediation agreement obligations Cost of products and other $ — For the year ended December 31, 2023: Derivatives included within the inventory intermediation agreement obligations Cost of products and other $ 21.0 For the year ended December 31, 2022: Derivatives included within the inventory intermediation agreement obligations Cost of products and other $ 5.4 Derivatives not designated as hedging instruments: For the year ended December 31, 2024: Commodity contracts Cost of products and other $ 12.3 For the year ended December 31, 2023: Commodity contracts Cost of products and other $ 38.1 For the year ended December 31, 2022: Commodity contracts Cost of products and other $ (31.5) Hedged items designated in fair value hedges: For the year ended December 31, 2024: Crude oil, intermediate and refined product inventory Cost of products and other $ — For the year ended December 31, 2023: Crude oil, intermediate and refined product inventory Cost of products and other $ (21.0) For the year ended December 31, 2022: Crude oil, intermediate and refined product inventory Cost of products and other $ (5.4)

DESCRIPTION OF THE BUSINESS A_2

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Details) $ / shares in Units, $ in Millions		12 Months Ended
	Nov. 30, 2022 $ / shares shares	Dec. 31, 2024 USD ($) reportable_segment	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) shares
Description of Business [Line Items]
Ownership percentage of equity held		100%	100%	100%
Number of reporting segments | reportable_segment		2
PBFX Merger Transaction payment | $		$ 0	$ 0	$ 303.7
PBFX Merger Transaction (in shares) | shares				8,864,684
PBFX Merger Transaction
Description of Business [Line Items]
Acquisition of Noncontrolling Interests, Consideration Transferred, Equity Interest Issued and Issuable Entity Shares Issued Per Acquiree Share (in shares) | shares	0.27
Common Stock, Par or Stated Value Per Share Paid (in usd per share) | $ / shares	$ 0.001
Business Acquisition, Share Price (in usd per share) | $ / shares	$ 9.25
St. Bernard Renewables LLC
Description of Business [Line Items]
Equity Method Investment, Ownership Percentage		50%	50%
PBF Energy Inc. | Class A Common Stock
Description of Business [Line Items]
Ownership percentage of equity held		99.30%	99.30%	99.30%
PBF LLC | Series A Units
Description of Business [Line Items]
Ownership percentage of equity held		0.70%	0.70%	0.70%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Concentration of Credit Risk) (Details) - Customer Concentration Risk [Member] - numberOfCustomer	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Revenues [Member]
Concentration Risk [Line Items]
Number of customers	1	1
Concentration risk, benchmark description	10	10
Accounts Receivables [Member]
Concentration Risk [Line Items]
Number of customers	1	1
Concentration risk, benchmark description	10	10
Royal Dutch Shell [Member] | Revenues [Member]
Concentration Risk [Line Items]
Concentration risk percentage	13%	14%
Royal Dutch Shell [Member] | Accounts Receivables [Member]
Concentration Risk [Line Items]
Concentration risk percentage	18%	19%

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Leases) (Details)	Dec. 31, 2024
Minimum
Lessee, Lease, Description [Line Items]
Non-cancelable operating lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Non-cancelable operating lease term	20 years

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Property, Plant, and Equipment) (Details)	Dec. 31, 2024
Computers, Furniture and Fixtures [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Computers, Furniture and Fixtures [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	7 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Process Units and Equipment [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Process Units and Equipment [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	25 years
Pipeline and Equipment [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Pipeline and Equipment [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	25 years
Buildings [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	25 years
Railcars [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	50 years

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Deferred Charges and Other Assets, Net) (Details)	12 Months Ended
	Dec. 31, 2024
Minimum
Finite-Lived Intangible Assets [Line Items]
Refinery turnaround amortization period	3 years
Intangible assets estimated useful lives	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Refinery turnaround amortization period	6 years
Intangible assets estimated useful lives	10 years

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Stock-Based Compensation) (Details) - Performance Share Units And Performance Share Awards - PBF Energy - number_period		14 Months Ended	50 Months Ended
	Oct. 31, 2020	Dec. 31, 2021	Dec. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years	3 years	3 years
Number of measurement periods	4
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, Performance Unit, Payout			0%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, Performance Unit, Payout			200%

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Percent of tax benefit received from increases in tax basis paid to stockholders	85%
Unrealized deferred tax asset	$ 165	$ 171.6

CURRENT EXPECTED CREDIT LOSSES

CURRENT EXPECTED CREDIT LOSSES (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Credit Loss [Abstract]
Allowance for doubtful accounts	$ 0	$ 0

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Crude oil and feedstocks	$ 1,232,700,000	$ 1,495,400,000
Refined products and blendstocks	1,194,600,000	1,536,500,000
Warehouse stock and other	168,000,000	151,200,000
Other Inventory, Gross	2,595,300,000	3,183,100,000
Lower of cost or market adjustment	0	0
Total inventories	2,595,300,000	3,183,100,000
Excess of Replacement or Current Costs over Stated LIFO Value	7,700,000	49,900,000
Inventory, LIFO Reserve, Effect on Income, Net	$ 124,500,000	0
Provisional Payments for Inventory Supply and Offtake Arrangements		268,000,000
Costs Associated with Exiting Inventory Intermediation Agreement		$ 13,500,000

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 7,233.3	$ 6,890.2
Less - Accumulated depreciation	(2,165.6)	(1,912.1)
Total property, plant and equipment, net	5,067.7	4,978.1
Depreciation	255.5	243.2	$ 236.5
Processing units, pipelines and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,727.4	5,463.5
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	527.9	530.9
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	507.6	468.9
Capitalized interest	18.6	38.2
Computers, furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	258.3	221.5
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 212.1	$ 205.4

EQUITY INVESTMENT IN SBR (Detai

EQUITY INVESTMENT IN SBR (Details) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
	Jun. 27, 2023	Sep. 30, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Equity method investment - return of capital			$ 1.8	$ 846	$ 0
Loss (gain) on formation of SBR equity method investment			$ (8.7)	$ 925.1	$ 0
St. Bernard Renewables LLC
Schedule of Equity Method Investments [Line Items]
Fair Value of Assets Contributed	$ 1,690
Equity method investment - return of capital		$ 414.6
Equity Method Investment, Ownership Percentage			50%	50%
St. Bernard Renewables LLC | Eni SpA
Schedule of Equity Method Investments [Line Items]
Payments to Acquire Interest in Joint Venture	$ 431

DEFERRED CHARGES AND OTHER AS_3

DEFERRED CHARGES AND OTHER ASSETS, NET (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deferred turnaround costs, net		$ 1,086.6	$ 860.8
Catalyst, net	[1]	191.1	180.4
Environmental credits		42.5	42.5
Linefill		27.4	27.4
Pension plan assets		19.4	18.8
Other		12.5	13.1
Total deferred charges and other assets, net		1,379.5	1,143
Amortization expense		358.3	314.4	$ 262
Intangible Assets, Net [Abstract]
Intangible assets - gross		25.5	25.5
Accumulated amortization		(17.4)	(16.9)
Intangible assets - net		8.1	8.6
Indefinite-lived precious metal catalysts
Catalyst, net		$ 115	$ 114.2
[1]Catalyst, net includes $115.0 million and $114.2 million of indefinite-lived precious metal catalysts as of December 31, 2024 and December 31, 2023, respectively.

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Accrued Expenses:
Inventory-related accruals		$ 1,398.8	$ 1,716.2
Renewable energy credit and emissions obligations	[1]	465.9	429.8
Accrued transportation costs		175.2	170.5
Excise and sales tax payable		150.7	137.8
Accrued utilities		71.5	71
Accrued capital expenditures		52.7	85.5
Accrued purchases - SBR		47.8	28.3
Accrued refinery maintenance and support costs		45.5	60.2
Accrued interest		29.5	32.4
Accrued salaries and benefits		23.9	187.3
Current finance lease liabilities		11.2	12.2
Environmental liabilities		9.7	16.6
Contingent consideration		0	21.6
Other		51.1	50.6
Total accrued expenses		$ 2,533.5	$ 3,020
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]		Total accrued expenses	Total accrued expenses
Forward Purchase Commitments for Renewable Energy Credit Obligations		$ 443.2
[1]The Company is subject to obligations to purchase RINs required to comply with RFS. The Company’s overall RINs obligation is based on a percentage of domestic shipments of on-road fuels as established by 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 (“AB 32”), to address environmental compliance and greenhouse gas and other emissions. These requirements include incremental costs to operate and maintain the Company’s 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. From time to time, the Company enters into forward purchase commitments in order to acquire its renewable energy and emissions credits at fixed prices. As of December 31, 2024, the Company had entered into $443.2 million of such forward purchase commitments with respect to its total accrued renewable energy and emissions obligations. The Company’s RIN obligations will be settled in accordance with established regulatory deadlines. The Company’s current AB 32 liability is part of an ongoing triennial period program which will be settled through 2027.

CREDIT FACILITIES AND DEBT (Sum

CREDIT FACILITIES AND DEBT (Summary of Long-Term Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,501.6	$ 1,301.6
Unamortized deferred financing costs	(41.6)	(52.5)
Unamortized discount	(2.7)	(3.2)
Long-term debt	1,457.3	1,245.9
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term Line of Credit	200	0
2028 Senior Notes
Debt Instrument [Line Items]
Long-term Debt	801.6	801.6
2030 Senior Notes
Debt Instrument [Line Items]
Long-term Debt	$ 500	$ 500

CREDIT FACILITIES AND DEBT (Add

CREDIT FACILITIES AND DEBT (Additional Information) (Details)				1 Months Ended
	Aug. 23, 2023 USD ($)	Aug. 21, 2023 USD ($)	Jan. 24, 2020 USD ($)	Oct. 31, 2012	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	May 02, 2023 USD ($)	Feb. 18, 2020 USD ($)	May 30, 2017
Debt Instrument [Line Items]
Uncommitted Receivables Purchase Facility, Maximum Borrowing								$ 300,000,000
2023 Senior Notes
Debt Instrument [Line Items]
Debt fixed interest rate			7%
2025 Senior Notes
Debt Instrument [Line Items]
Debt fixed interest rate									7.25%
2028 Senior Notes
Debt Instrument [Line Items]
Long-term Debt			$ 1,000,000,000
Debt fixed interest rate			6%
Proceeds from Debt, Net of Issuance Costs			$ 987,000,000
2030 Senior Notes
Debt Instrument [Line Items]
Long-term Debt		$ 500,000,000
Debt fixed interest rate		7.875%
Proceeds from Debt, Net of Issuance Costs		$ 488,800,000
Debt Instrument, Issuance Percentage Of Face Amount		99.324%
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed		35%
Redemption price as a percentage		107.875%
Debt Instrument, Conditional Redemption Threshold Percentage of Aggregate Principal Amount Originally Issued Remains Outstanding		65%
Revolving Loan
Debt Instrument [Line Items]
Long-term Line of Credit					$ 200,000,000	$ 0
Line of Credit | Revolving Loan
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 3,500,000,000						$ 2,850,000,000
Line of Credit Facility, Available Increase in Borrowing Capacity	$ 500,000,000
Maximum borrowing capacity, as a percentage of aggregate borrowing capacity	10%
Alternative maximum borrowing capacity	$ 100,000,000
Effective consolidated fixed charge coverage ratio during period				1
Letters of Credit Outstanding, Amount					128,300,000	55,000,000
Line of Credit | Revolving Loan | Maximum
Debt Instrument [Line Items]
Line of Credit Facility, Commitment Fee Percentage	0.25%
Line of Credit | Revolving Loan | Company Credit Rating | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.25%
Line of Credit | Revolving Loan | Company Credit Rating | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	2%
Line of Credit | Revolving Loan | Base Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	0.25%
Line of Credit | Revolving Loan | Base Rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	1%
Line of Credit | Revolving Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.25%
Line of Credit | Revolving Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	2%
2028 Senior Notes
Debt Instrument [Line Items]
Long-term Debt					$ 801,600,000	$ 801,600,000

CREDIT FACILITIES AND DEBT (Deb

CREDIT FACILITIES AND DEBT (Debt Maturities) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	$ 0
2026	0
2027	0
2028	1,001.6
2029	0
Thereafter	500
Total debt outstanding	$ 1,501.6	$ 1,301.6

RELATED PARTY TRANSACTIONS (Add

RELATED PARTY TRANSACTIONS (Additional Information) (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Revenues		$ 33,115,300,000	$ 38,324,800,000	$ 46,830,300,000
Accounts receivable		1,165,000,000	1,362,500,000
Accrued expenses		$ 2,533,500,000	$ 3,020,000,000
Subsequent Event
Related Party Transaction [Line Items]
Payment made to related parties, tax receivable agreement, current, including interest	$ 130,800,000
Interest included in tax receivable payment	5,400,000
Series B Unitholders | Subsequent Event
Related Party Transaction [Line Items]
Payments to related parties, tax receivable agreement	$ 15,100,000
St. Bernard Renewables LLC
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage		50%	50%
St. Bernard Renewables LLC | Equity Method Investment, Nonconsolidated Investee or Group of Investees
Related Party Transaction [Line Items]
Accounts receivable		$ 18,700,000	$ 22,100,000
Accrued expenses		47,800,000	28,300,000
St. Bernard Renewables LLC | Equity Method Investment, Nonconsolidated Investee or Group of Investees
Related Party Transaction [Line Items]
Revenues		39,700,000	9,100,000
Related Party Transaction, Purchases from Related Party		(323,500,000)	(244,400,000)
St. Bernard Renewables LLC | Equity Method Investment, Nonconsolidated Investee or Group of Investees | General and Administrative Expense | Operating Agreement
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction		163,700,000	62,800,000
Blackstone and First Reserve | Series B Units
Related Party Transaction [Line Items]
Distribution to unitholders		$ 4,200,000	$ 0	$ 0

RELATED PARTY TRANSACTIONS (Sum

RELATED PARTY TRANSACTIONS (Summary of Related Party Transactions) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Revenues	$ 33,115.3	$ 38,324.8	$ 46,830.3
St. Bernard Renewables LLC | Equity Method Investment, Nonconsolidated Investee or Group of Investees
Related Party Transaction [Line Items]
Revenues	39.7	9.1
Related Party Transaction, Purchases from Related Party	(323.5)	(244.4)
St. Bernard Renewables LLC | Operating Agreement | General and Administrative Expense | Equity Method Investment, Nonconsolidated Investee or Group of Investees
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	163.7	62.8
St. Bernard Renewables LLC | Omnibus Agreement | General and Administrative Expense | Equity Method Investment, Nonconsolidated Investee or Group of Investees
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	4.1
St. Bernard Renewables LLC | Common Asset Use and Servitude Agreement | General and Administrative Expense | Equity Method Investment, Nonconsolidated Investee or Group of Investees
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	6.6
St. Bernard Renewables LLC | Lease Agreements | Cost of Sales | Equity Method Investment, Nonconsolidated Investee or Group of Investees
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	$ (4.1)	$ 0

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
	Feb. 01, 2020	Jun. 30, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Loss Contingencies [Line Items]
Purchases made under contractually obligated supply agreements			$ 118.9	$ 121.4	$ 112.2
Environmental Matters
Environmental liability			$ 152.1	$ 157.8
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]			Accrued expenses	Accrued expenses
Aggregate environmental liability			$ 142.4	$ 141.2
Tax Receivable Agreement [Abstract]
Percent of tax benefit received from increases in tax basis paid to stockholders			85%
Ownership percentage of equity held			100%	100%	100%
Payable pursuant to Tax Receivable Agreement			$ 125.4	$ 43
Payable to related parties, tax receivable agreement			$ 293.6	$ 336.6
Environmental Loss Contingency, Noncurrent, Statement of Financial Position [Extensible Enumeration]			Other long-term liabilities	Other long-term liabilities
PBF Energy Inc. | Class A Common Stock
Tax Receivable Agreement [Abstract]
Ownership percentage of equity held			99.30%	99.30%	99.30%
Environmental Issue [Member] | Torrance Refinery
Environmental Matters
Environmental liability			$ 110.6	$ 114.9
Executive [Member] | Minimum
Employee Agreements
Potential lump sum payment as a multiple of base salary			1.50
Executive [Member] | Maximum
Employee Agreements
Potential lump sum payment as a multiple of base salary			2.99
Martinez Acquistion [Member]
Contingent Consideration
Term of agreement	4 years
Payment for contingent consideration liability		$ 18.8	$ 18.8
Contingent consideration, liability				$ 21.6

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Future Minimum Payments) (Details) $ in Millions	Dec. 31, 2024 USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2025	$ 101.4
2026	45.7
2027	45.7
2028	41.8
2029	39.8
Thereafter	308.5
Total obligations	$ 582.9

LEASES (Lease Assets and Liabil

LEASES (Lease Assets and Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease right of use assets	$ 802.4	$ 732.8
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Lease, Right of Use Asset	Lease, Right of Use Asset
Finance Lease, Right-of-Use Asset	$ 42.9	$ 56.3
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Lease, Right of Use Asset	Lease, Right of Use Asset
Lease, Right of Use Asset	$ 845.3	$ 789.1
Current operating lease liabilities	187.8	131.2
Less: current obligations under leases	$ 11.2	$ 12.2
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses	Accrued expenses
Long-term operating lease liabilities	$ 622.2	$ 608.8
Long-term lease obligations	35.4	46.1
Total lease liabilities	$ 856.6	$ 798.3

LEASES (Lease Costs) (Details)

LEASES (Lease Costs) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Leases - Lease Assets and Liabilities [Abstract]
Finance Lease, Right-of-Use Asset, Amortization	$ 14	$ 13.9
Finance Lease, Interest Expense	3.6	4.5
Operating lease cost	289.6	219.7
Short-term lease cost	78.7	137.7
Variable lease cost	27	13.4
Sublease Income	(3)	0
Total lease cost	$ 409.9	$ 389.2

LEASES (Supplemental Cash Flow

LEASES (Supplemental Cash Flow and Other Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases - Supplemental Cash Flow and Other Information [Abstract]
Operating cash flows for operating leases	$ 289.1	$ 213.9
Operating cash flows for finance leases	3.6	4.5
Financing cash flows for finance leases	12.2	14.1
Supplemental non-cash quantification of assets acquired or remeasured under operating and financing leases	$ 288.6	$ 271.6	$ 54.7
Weighted average remaining lease term - operating leases	9 years
Weighted average remaining lease term - finance leases	3 years 9 months 18 days
Weighted average discount rate - operating leases	13.70%
Weighted average discount rate - finance leases	7.10%

LEASES (Maturity of Lease Liabi

LEASES (Maturity of Lease Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Finance Leases
2025	$ 14.1
2026	13.7
2027	13.7
2028	11
2029	0.7
Thereafter	0
Total minimum lease payments	53.2
Less: effect of discounting	6.6
Present value of future minimum lease payments	46.6
Less: current obligations under leases	11.2	$ 12.2
Long-term lease obligations	35.4	46.1
Operating Leases
2025	278.8
2026	184.1
2027	137
2028	107.5
2029	95.1
Thereafter	617.8
Total minimum lease payments	1,420.3
Less: effect of discounting	610.3
Present value of future minimum lease payments	810
Less: current obligations under leases	187.8	131.2
Long-term lease obligations	$ 622.2	$ 608.8

LEASES (Additional Information)

LEASES (Additional Information) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Lessee, Lease, Description [Line Items]
Lessee, Lease Not Yet Commenced, Term Of Contract	2 years
Lessee, Leases Not Yet Commenced, Liability	$ 36.9

STOCKHOLDERS' AND MEMBERS' EQ_2

STOCKHOLDERS' AND MEMBERS' EQUITY STRUCTURE (Additional Information) (Details)	12 Months Ended
	Dec. 31, 2024 USD ($) vote shares
Class B Common Stock
Class of Stock [Line Items]
Number of votes per share | vote	1
PBF LLC | Series B Units
Class of Stock [Line Items]
Units, issuance value | $	$ 0
Number of units authorized | shares	1,000,000,000

STOCKHOLDERS' AND MEMBERS' EQ_3

STOCKHOLDERS' AND MEMBERS' EQUITY STRUCTURE Treasury Stock (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Feb. 13, 2024
Class of Stock [Line Items]
Share Repurchase Program, Authorized, Amount			$ 1,750
Repurchase Program | Class A Common Stock
Class of Stock [Line Items]
Treasury Stock, Shares, Acquired (in shares)	7,554,269	12,367,073
Treasury Stock, Value, Acquired, Cost Method	$ 329.1	$ 532.5

NONCONTROLLING INTERESTS (PBF L

NONCONTROLLING INTERESTS (PBF LLC Noncontrolling Interest) (Details) - shares	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Noncontrolling Interest [Line Items]
Ownership percentage of equity held	100%	100%	100%
Shares outstanding (in shares)	116,174,772	121,303,400	130,549,764
Class A Common Stock | PBF Energy Inc.
Noncontrolling Interest [Line Items]
Ownership percentage of equity held	99.30%	99.30%	99.30%
Shares outstanding (in shares)	115,311,992	120,440,620	129,639,307
Series A Units | PBF LLC
Noncontrolling Interest [Line Items]
Ownership percentage of equity held	0.70%	0.70%	0.70%
Shares outstanding (in shares)	862,780	862,780	910,457

NONCONTROLLING INTERESTS (Nonco

NONCONTROLLING INTERESTS (Noncontrolling Interest in PBF Holding) (Details) - Chalmette Refining - subsidiary	12 Months Ended
	Dec. 31, 2024	Nov. 01, 2015
Noncontrolling Interest [Line Items]
Number of Subsidiaries	2
Collins Pipeline Company
Noncontrolling Interest [Line Items]
Ownership interest		80%
T&M Terminal Company
Noncontrolling Interest [Line Items]
Ownership interest		80%

NONCONTROLLING INTERESTS (Chang

NONCONTROLLING INTERESTS (Changes in Equity and Noncontrolling Interest) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance	$ 6,631.3	$ 5,056	$ 2,532.8
Comprehensive income (loss) attributable to PBF Energy Inc. stockholders	(529.5)	2,129.7	2,858
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	(6.4)	21.5	96
Comprehensive income (loss)	(535.9)	2,151.2	2,954
Dividends and Distributions	(121.5)	(111.9)	(73.6)
Effect of change in deferred tax assets and liabilities and tax receivable agreement obligation	(0.6)	(4.5)	(9.7)
PBFX Merger Transaction			(303.7)
Stock-based compensation	35.2	35.8	43.4
Transactions in connection with stock-based compensation plans	24.7	44.5	67.8
Exchange of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock	0	0	0
Treasury stock purchases	(354.6)	(539.9)	(156.4)
Other		0.1	1.4
Ending balance	5,678.6	6,631.3	5,056
Parent [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance	6,488.3	4,929.2	1,926.2
Comprehensive income (loss) attributable to PBF Energy Inc. stockholders	(529.5)	2,129.7	2,858
Comprehensive income (loss)	(529.5)	2,129.7	2,858
Dividends and Distributions	(119.9)	(106.6)	(24.7)
Effect of change in deferred tax assets and liabilities and tax receivable agreement obligation	(0.6)	(4.5)	(9.7)
PBFX Merger Transaction			216
Stock-based compensation	35.2	35.8	33.2
Transactions in connection with stock-based compensation plans	24.7	44.5	86.5
Exchange of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock	0.6		0.1
Treasury stock purchases	354.6	539.9	(156.4)
Other		0.1
Ending balance	5,544.2	6,488.3	4,929.2
Noncontrolling Interest - PBF LLC [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance	129.9	114.6	95.4
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	(6)	20.6	27.9
Dividends and Distributions	(1.6)	(5.3)	(8.6)
Exchange of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock	(0.6)		(0.1)
Ending balance	121.7	129.9	114.6
Noncontrolling Interest - PBF Holding [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance	13.1	12.2	12.2
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	(0.4)	0.9	(1.4)
Other			1.4
Ending balance	$ 12.7	13.1	12.2
Noncontrolling interest - PBF Logistics LP [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance		$ 0	499
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest			69.5
Dividends and Distributions			(40.3)
PBFX Merger Transaction			(519.7)
Stock-based compensation			10.2
Transactions in connection with stock-based compensation plans			(18.7)
Ending balance			$ 0

NONCONTROLLING INTERESTS (Other

NONCONTROLLING INTERESTS (Other Comprehensive Income) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net income (loss)	$ (540.2)	$ 2,162	$ 2,972.8
Unrealized loss on available for sale securities	(0.3)	(0.4)	(2.5)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	4.6	(10.4)	(16.3)
Total other comprehensive income	4.3	(10.8)	(18.8)
Comprehensive income (loss)	(535.9)	2,151.2	2,954
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(535.9)	2,151.2	2,954
Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net income (loss)	(533.8)	2,140.5	2,876.8
Unrealized loss on available for sale securities	(0.3)		(2.5)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	4.6	(10.4)	(16.3)
Total other comprehensive income	4.3	(10.8)	(18.8)
Comprehensive income (loss)	(529.5)	2,129.7	2,858
Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net income (loss)	(6.4)	21.5	96
Total other comprehensive income	0	0	0
Comprehensive income (loss)	(6.4)	21.5	96
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	$ (6.4)	21.5	$ 96
PBF LLC | Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized loss on available for sale securities		$ (0.4)

STOCK-BASED COMPENSATION (Share

STOCK-BASED COMPENSATION (Share-Based Compensation Expense) (Details) - General and Administrative Expense - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	$ 44.3	$ 51.5	$ 54.3
PBF Logistics LP
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	0	0	10.2
Employee Stock Option | PBF Energy
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	4.5	11.9	19.1
Restricted Stock | PBF Energy
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	21.7	17.9	11.6
Performance Shares | PBF Energy
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	$ 18.1	$ 21.7	$ 13.4

STOCK-BASED COMPENSATION (Weigh

STOCK-BASED COMPENSATION (Weighted Average Assumptions) (Details) - Performance share units - PBF Energy - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in usd per share)	$ 34.04	$ 56.35	$ 45.91
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	2 years 9 months 25 days	2 years 10 months 9 days	3 years 29 days
Expected volatility	53.66%	56.68%	65.16%
Dividend yield	2.07%	1.73%	2.18%
Risk-free rate of return	4.17%	4.40%	3.90%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	3 years 14 days	3 years 2 months 4 days
Expected volatility	56.02%	59.98%
Dividend yield	3.93%	1.80%
Risk-free rate of return	4.35%	4.75%

STOCK-BASED COMPENSATION (Sha_2

STOCK-BASED COMPENSATION (Share-Based Compensation Activity) (Details) - PBF Energy - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Performance Units
Options Activity
Options, beginning balance (in shares)	43,557,161
Granted (in shares)	14,274,646
Vested (in shares)	(2,194,890)
Forfeited (in shares)	(9,632,887)
Options, ending balance (in shares)	46,004,030	43,557,161
Weighted Average Remaining Contractual Life [Abstract]
Total estimated fair value, granted in period	$ 19.3	$ 12.1	$ 1.5
Performance share units
Options Activity
Options, beginning balance (in shares)	631,443
Granted (in shares)	253,223
Vested (in shares)	(246,862)
Forfeited (in shares)	(25,394)
Options, ending balance (in shares)	612,410	631,443
Weighted Average Exercise Price
Weighted average exercise price, beginning balance (in usd per share)	$ 38.48
Granted (in usd per share)	34.04	$ 56.35	$ 45.91
Vested (in usd per share)	18.73
Forfeited (in usd per share)	49.78
Weighted average exercise price, ending balance (in usd per share)	$ 44.14	$ 38.48
Weighted Average Remaining Contractual Life [Abstract]
Total estimated fair value, granted in period	$ 14.1	$ 30.9	$ 2
Restricted Stock
Options Activity
Options, beginning balance (in shares)	1,052,506
Granted (in shares)	1,350,576
Vested (in shares)	(460,294)
Forfeited (in shares)	(18,893)
Options, ending balance (in shares)	1,923,895	1,052,506
Weighted Average Exercise Price
Weighted average exercise price, beginning balance (in usd per share)	$ 41.43
Granted (in usd per share)	28.60	$ 44.90	$ 35.73
Vested (in usd per share)	40.01
Forfeited (in usd per share)	41.81
Weighted average exercise price, ending balance (in usd per share)	$ 32.60	$ 41.43
Weighted Average Remaining Contractual Life [Abstract]
Total estimated fair value, granted in period	$ 15.5	$ 11.2	$ 3.3
Employee Stock Option
Options Activity
Options, beginning balance (in shares)	7,453,454
Granted (in shares)	0
Exercised (in shares)	(1,004,884)
Forfeited (in shares)	(17,695)
Options, ending balance (in shares)	6,430,875	7,453,454
Options exercisable and vested (in shares)	6,426,041
Options expected to vest (in shares)	4,834
Weighted Average Exercise Price
Weighted average exercise price, beginning balance (in usd per share)	$ 23.98
Exercised (in usd per share)	21.69
Forfeited (in usd per share)	15.37
Weighted average exercise price, ending balance (in usd per share)	24.36	$ 23.98
Weighted average exercise price, exercisable and vested (in usd per share)	24.35
Weighted average exercise price, expected to vest (in usd per share)	$ 28.81
Weighted Average Remaining Contractual Life [Abstract]
Weighted average remaining contractual term, outstanding (in years)	4 years 2 months 4 days	5 years 3 months 3 days
Weighted average remaining contractual term, exercisable and vested (in years)	4 years 2 months 4 days
Weighted average remaining contractual term, expected to vest (in years)	7 years 5 months 8 days

STOCK-BASED COMPENSATION (Addit

STOCK-BASED COMPENSATION (Additional Information) (Details) - PBF Energy $ / shares in Units, $ in Millions		12 Months Ended			14 Months Ended	26 Months Ended	50 Months Ended
	Oct. 31, 2020 number_period	Dec. 31, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2024 USD ($) $ / shares
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period		10 years
Vesting period						3 years
Granted (in shares) | shares		0
Total intrinsic value of stock options outstanding		$ 38.8					$ 38.8
Total intrinsic value of stock options exercisable		38.8					38.8
Total intrinsic value of stock options exercised during period		$ 30.3	$ 66.1	$ 63.1
Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares		253,223
Unrecognized compensation expense		$ 17.3					17.3
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition		2 years 3 months 18 days
Granted (in usd per share) | $ / shares		$ 34.04	$ 56.35	$ 45.91
Total estimated fair value, granted in period		$ 14.1	$ 30.9	$ 2
Performance Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares		14,274,646
Unrecognized compensation expense		$ 14.1					$ 14.1
Share-based compensation, Performance Unit, Payout, At Target, Per Unit (in shares) | $ / shares		$ 1					$ 1
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition		2 years 4 months 17 days
Total estimated fair value, granted in period		$ 19.3	$ 12.1	$ 1.5
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares		1,350,576
Unrecognized compensation expense		$ 38.9					$ 38.9
Granted (in usd per share) | $ / shares		$ 28.60	$ 44.90	$ 35.73
Total estimated fair value, granted in period		$ 15.5	$ 11.2	$ 3.3
Restricted Stock | Share-Based Payment Arrangement, Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Restricted Stock | Share-Based Payment Arrangement, Nonemployee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Performance Share Units And Performance Share Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years				3 years		3 years
Number of measurement periods | number_period	4
Minimum | Performance Share Units And Performance Share Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, Performance Unit, Payout		0%					0%
Maximum | Performance Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, Performance Unit, Payout, At Target, Per Unit (in shares) | $ / shares		$ 2					$ 2
Share-based compensation, Performance Unit, Payout		200%					200%
Maximum | Performance Share Units And Performance Share Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, Performance Unit, Payout		200%					200%

EMPLOYEE BENEFIT PLANS (Changes

EMPLOYEE BENEFIT PLANS (Changes in Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Qualified Plan
Change in benefit obligation:
Benefit obligation at beginning of year	$ 429.7	$ 357
Service cost	53.4	48.1	$ 55.6
Interest cost	20.3	17.7	7.9
Plan amendments	0	0
Benefit payments	(15.5)	(18.1)
Actuarial loss (gain)	1.9	25
Projected benefit obligation at end of year	489.8	429.7	357
Change in plan assets:
Fair value of plan assets at beginning of year	349.3	274.2
Actual return on plan assets	25.9	34.8
Benefits paid	(15.5)	(18.1)
Employer contributions	35	58.4
Fair value of plan assets at end of year	394.7	349.3	274.2
Reconciliation of funded status:
Fair value of plan assets at end of year	394.7	349.3	274.2
Less benefit obligation at end of year	489.8	429.7	357
Funded status at end of year	(95.1)	(80.4)
Post-Retirement Medical Plan
Change in benefit obligation:
Benefit obligation at beginning of year	19.6	13.9
Service cost	0.9	0.5	0.8
Interest cost	0.9	0.7	0.3
Plan amendments	0	6
Benefit payments	(2.4)	(1.4)
Actuarial loss (gain)	(3.4)	(0.1)
Projected benefit obligation at end of year	15.6	19.6	13.9
Change in plan assets:
Fair value of plan assets at beginning of year	0	0
Actual return on plan assets	0	0
Benefits paid	(2.4)	(1.4)
Employer contributions	2.4	1.4
Fair value of plan assets at end of year	0	0	0
Reconciliation of funded status:
Fair value of plan assets at end of year	0	0	0
Less benefit obligation at end of year	15.6	19.6	$ 13.9
Funded status at end of year	$ (15.6)	$ (19.6)

EMPLOYEE BENEFIT PLANS (Expecte

EMPLOYEE BENEFIT PLANS (Expected Benefit Payments) (Details) $ in Millions	Dec. 31, 2024 USD ($)
Qualified Plan
Defined Benefit Plan Disclosure [Line Items]
2025	$ 37.3
2026	31.5
2027	36.2
2028	40.1
2029	44.6
Years 2030-2034	269.6
Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
2025	1.5
2026	1.6
2027	1.6
2028	1.7
2029	1.6
Years 2030-2034	$ 7.7

EMPLOYEE BENEFIT PLANS (Net Per

EMPLOYEE BENEFIT PLANS (Net Periodic Benefit Cost) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Qualified Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 53.4	$ 48.1	$ 55.6
Interest cost	20.3	17.7	7.9
Expected return on plan assets	(24.4)	(19.2)	(17.5)
Amortization of prior service cost and actuarial loss	0.3	0	0.1
Net periodic benefit cost	49.6	46.6	46.1
Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.9	0.5	0.8
Interest cost	0.9	0.7	0.3
Expected return on plan assets	0	0	0
Amortization of prior service cost and actuarial loss	0.5	0.1	0.4
Net periodic benefit cost	$ 2.3	$ 1.3	$ 1.5

EMPLOYEE BENEFIT PLANS (Pre-tax

EMPLOYEE BENEFIT PLANS (Pre-tax Amounts Recognized in Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Qualified Plan
Defined Benefit Plan Disclosure [Line Items]
Prior service costs	$ 0	$ 0	$ 0
Net actuarial loss (gain)	0.4	9.5	27.6
Amortization of losses and prior service cost	(0.3)	(0.1)	(0.1)
Total changes in other comprehensive (income) loss	0.1	9.4	27.5
Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Prior service costs	0	6.1	0
Net actuarial loss (gain)	(3.3)	(0.2)	(4)
Amortization of losses and prior service cost	(0.5)	(0.1)	(0.4)
Total changes in other comprehensive (income) loss	$ (3.8)	$ 5.8	$ (4.4)

EMPLOYEE BENEFIT PLANS (Pre-t_2

EMPLOYEE BENEFIT PLANS (Pre-tax Amounts in AOCI Not Yet Recognized as Components of Net Periodic Costs) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Qualified Plan
Defined Benefit Plan Disclosure [Line Items]
Prior service costs	$ (0.3)	$ (0.4)
Net actuarial (loss) gain	(24.6)	(24.4)
Total	(24.9)	(24.8)
Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Prior service costs	(7.6)	(8.7)
Net actuarial (loss) gain	13.5	10.9
Total	$ 5.9	$ 2.2

EMPLOYEE BENEFIT PLANS (Assumpt

EMPLOYEE BENEFIT PLANS (Assumptions Used) (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Qualified Plan
Weighted Average Assumptions Used to Determine Benefit Obligations
Discount rate - benefit obligations	5.63%	4.99%
Rate of compensation increase	4.55%	4.27%
Discount rates:
Effective rate for service cost	5%	5.22%	2.80%
Effective rate for interest cost	4.90%	5.14%	2.33%
Effective rate for interest on service cost	4.89%	5.14%	2.45%
Cash balance interest credit rate	3.99%	4.04%	2.06%
Expected long-term rate of return on plan assets	6.80%	6.75%	5.50%
Rate of compensation increase	4.55%	4.27%	4.26%
Supplemental Plan
Weighted Average Assumptions Used to Determine Benefit Obligations
Discount rate - benefit obligations	5.54%	4.94%
Rate of compensation increase	5%	4.50%
Discount rates:
Effective rate for service cost	4.94%	5.24%	2.73%
Effective rate for interest cost	4.90%	5.14%	2.24%
Effective rate for interest on service cost	4.84%	5.12%	2.29%
Cash balance interest credit rate	3.99%	4.04%	2.06%
Rate of compensation increase	4.50%	4.50%	4.50%
Post-Retirement Medical Plan
Weighted Average Assumptions Used to Determine Benefit Obligations
Discount rate - benefit obligations	5.39%	4.88%
Rate of compensation increase	0%	0%
Discount rates:
Effective rate for service cost	5%	5.27%	2.80%
Effective rate for interest cost	4.82%	5.05%	1.91%
Effective rate for interest on service cost	4.93%	5.21%	2.65%

EMPLOYEE BENEFIT PLANS (Assumed

EMPLOYEE BENEFIT PLANS (Assumed Health Care Cost Trend Rates) (Details) - Post-Retirement Medical Plan	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Health care cost trend rate assumed for next year	5.90%	6.40%
Rate to which the cost trend rate was assumed to decline (the ultimate trend rate)	4%	4%
Year that the rate reaches the ultimate trend rate	2049	2046

EMPLOYEE BENEFIT PLANS (Fair Va

EMPLOYEE BENEFIT PLANS (Fair Value of Assets of the Company's Qualified Plan) (Details) - Qualified Plan - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	$ 394.7	$ 349.3	$ 274.2
Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	394.7	349.3
Level 2 | Domestic Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	121.7	75
Level 2 | Developed International Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	46.6	46.9
Level 2 | Global Low Volatility Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	7.9	21
Level 2 | Emerging Market Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	19.2	24.8
Level 2 | Fixed-Income [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	178.6	159.9
Level 2 | Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	18.7	19.7
Level 2 | Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	$ 2	$ 2

EMPLOYEE BENEFIT PLANS (Additio

EMPLOYEE BENEFIT PLANS (Additional Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Maximum age to receive health care coverage	65 years
Accumulated benefit obligation	$ 460.1	$ 391.1
Qualified Plan
Defined Benefit Plan Disclosure [Line Items]
Required service period for employee participation	30 days
Basic contributions as a percentage of annual salary	50%
Company matching contribution, percent of match	200%
Company matching contribution, percent of employees' annual pay	3%
Contribution to the qualified defined contribution plans	$ 40	$ 37.5	$ 33.4
Expected future employer contributions in 2025	$ 31.6
Qualified Plan | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan asset allocations	48%
Qualified Plan | Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan asset allocations	46%
Qualified Plan | Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan asset allocations	6%

REVENUES (Details)

REVENUES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Product Information [Line Items]
Revenues	$ 33,115.3	$ 38,324.8	$ 46,830.3
Deferred revenue	43.8	64.1
Eliminations
Product Information [Line Items]
Revenues	(349.4)	(347.8)	(319.6)
Refining | Operating Segments
Product Information [Line Items]
Revenues	33,077.9	38,288.5	46,780.6
Refining | Gasoline and Distillates [Member]
Product Information [Line Items]
Revenues	28,652	34,002.5	41,465
Refining | Feedstocks and Other [Member]
Product Information [Line Items]
Revenues	1,449.1	1,640.6	1,863
Refining | Asphalt and Residual Oils [Member]
Product Information [Line Items]
Revenues	1,940.1	1,650.1	2,123.8
Refining | Chemicals [Member]
Product Information [Line Items]
Revenues	662.8	650.6	903.8
Refining | Lubricants [Member]
Product Information [Line Items]
Revenues	373.9	344.7	425
Logistics | Operating Segments
Product Information [Line Items]
Revenues	386.8	384.1	369.3
Prior to elimination [Member]
Product Information [Line Items]
Revenues	$ 33,464.7	$ 38,672.6	$ 47,149.9

INCOME TAXES (Components of Inc

INCOME TAXES (Components of Income Tax) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) subsidiary	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Current (benefit) expense:
Federal	$ (10.6)	$ 140.9	$ 75.8
Foreign	0	(0.3)	0.3
State	21.4	46.2	88.5
Total current	10.8	186.8	164.6
Deferred (benefit) expense:
Federal	(156.6)	387.7	379.9
Foreign	(4.8)	3.1	(0.9)
State	(77.8)	146.2	41.2
Total deferred	(239.2)	537	420.2
Total provision for income taxes	$ (228.4)	$ 723.8	$ 584.8
Number of subsidiaries acquired | subsidiary	2
Deferred tax assets, valuation allowance				$ 308.5
Corporate alternative minimum tax	15%
Percent of excise tax on net stock repurchases, energy-related tax credits and incentives	1%

INCOME TAXES (Effective Income

INCOME TAXES (Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Provision at Federal statutory rate	21%	21%	21%
State income taxes (net of federal income tax)	5%	5%	4.90%
Nondeductible/nontaxable items	3.30%	(0.50%)	(0.40%)
Rate differential from foreign jurisdictions	(0.20%)	0%	0%
Provision to return adjustment	0.20%	(0.10%)	0%
Adjustment to deferred tax assets and liabilities for change in tax rates	0%	0%	(0.20%)
Deferred tax asset valuation allowance	0%	0%	(8.90%)
Other	0.70%	(0.10%)	0.50%
Effective tax rate	30%	25.30%	16.90%
Less: net income attributable to noncontrolling interests	$ (6.4)	$ 21.5	$ 96
Tax impact of income (loss) attributable to noncontrolling interests, percent	29.70%	25.10%	16.40%

INCOME TAXES (Income by Jurisdi

INCOME TAXES (Income by Jurisdiction) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax [Line Items]
Income (loss) before income taxes	$ (768.6)	$ 2,885.8	$ 3,557.6
PBF Energy
Income Tax [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Domestic	(739.8)	2,852.4	3,464.2
Income (Loss) from Continuing Operations before Income Taxes, Foreign	(22.4)	11.9	(2.6)
Income (loss) before income taxes	$ (762.2)	$ 2,864.3	$ 3,461.6

INCOME TAXES (Components of Def

INCOME TAXES (Components of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets
Purchase interest step-up	$ 165	$ 171.6
Pension, employee benefits and compensation	53.3	96.5
Net operating loss carry forwards	297.5	3.4
Environmental liabilities	39	40.4
Lease liabilities	317.4	305.9
Other	50.7	27
Total deferred tax assets	922.9	644.8
Deferred tax liabilities
Property, plant and equipment	1,122	1,062.2
Inventory	60.3	68.6
Right of use assets	314.5	303.5
Equity method investment in SBR	249.6	278.8
Other	12.5	5
Total deferred tax liabilities	1,758.9	1,718.1
Net deferred tax liability	(836)	$ (1,073.3)
Net operating loss carry forwards	$ 1,088
Net operating loss carry forwards, limitations on use, percentage	80
State and Local Jurisdiction [Member]
Deferred tax liabilities
Net operating loss carry forwards	$ 69

INCOME TAXES (Income Tax Examin

INCOME TAXES (Income Tax Examinations) (Details)	12 Months Ended
	Dec. 31, 2024
Federal
Income Tax Examination [Line Items]
Income tax years that remain subject to examination	2020
New Jersey
Income Tax Examination [Line Items]
Income tax years that remain subject to examination	2020
Michigan
Income Tax Examination [Line Items]
Income tax years that remain subject to examination	2020
Delaware
Income Tax Examination [Line Items]
Income tax years that remain subject to examination	2021
Indiana
Income Tax Examination [Line Items]
Income tax years that remain subject to examination	2021
Pennsylvania
Income Tax Examination [Line Items]
Income tax years that remain subject to examination	2021
New York
Income Tax Examination [Line Items]
Income tax years that remain subject to examination	2021
Louisiana
Income Tax Examination [Line Items]
Income tax years that remain subject to examination	2021
California
Income Tax Examination [Line Items]
Income tax years that remain subject to examination	2020

SEGMENT INFORMATION (Additional

SEGMENT INFORMATION (Additional Information) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) segment number_refinery reportable_segment	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of reporting segments | reportable_segment	2
Number of refineries | number_refinery	6
Number of operating segments | segment	2
Loss (gain) on formation of SBR equity method investment	$ (8.7)	$ 925.1	$ 0
Capital expenditures	1,008.3	1,173.6	1,010.9
Equity method investment in SBR	866.8	881
Renewable Diesel Facility
Segment Reporting Information [Line Items]
Capital expenditures	$ 5.6	$ 312.7	$ 336.2

SEGMENT INFORMATION (Schedule o

SEGMENT INFORMATION (Schedule of Segment Reporting) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
Segment Reporting Information [Line Items]
Revenues		$ 33,115.3		$ 38,324.8		$ 46,830.3
Cost of products and other		30,266.7		32,671.3		39,049.1
Operating expenses (excluding depreciation and amortization expense as reflected below)		2,606.2		2,694.9		2,599
Depreciation and amortization expense		627.8		571.5		511.1
Other expenses, net	[1]	313.6		(564.4)		517.9
Income (loss) from operations		(699)		2,951.5		4,153.2
Interest (income) expense, net		72		63.8		246
Capital expenditures		1,008.3		1,173.6		1,010.9
Total assets		12,703.2		14,387.8
Eliminations
Segment Reporting Information [Line Items]
Revenues		(349.4)		(347.8)		(319.6)
Cost of products and other		(332)		(329.5)		(301.6)
Operating expenses (excluding depreciation and amortization expense as reflected below)		(17.4)		(18.3)		(18)
Depreciation and amortization expense		0		0		0
Other expenses, net	[1]	0		0		0
Income (loss) from operations		0		0		0
Interest (income) expense, net		0		0		0
Capital expenditures		0		0		0
Total assets		(39.6)		(43.7)
Refining | Operating Segments
Segment Reporting Information [Line Items]
Revenues		33,077.9		38,288.5		46,780.6
Cost of products and other		30,590.4		33,000.8		39,350.7
Operating expenses (excluding depreciation and amortization expense as reflected below)		2,487.8		2,581.3		2,495.6
Depreciation and amortization expense		578.4		523.9		466.9
Other expenses, net	[1]	0.9		(1.1)		0.9
Income (loss) from operations		(579.5)		2,183.6		4,466.4
Interest (income) expense, net		(14.1)		(4.8)		10.9
Capital expenditures	[2]	994.8		1,152.9		994.9
Total assets		10,945.5		12,590.6
Logistics | Operating Segments
Segment Reporting Information [Line Items]
Revenues		386.8		384.1		369.3
Cost of products and other		8.3		0		0
Operating expenses (excluding depreciation and amortization expense as reflected below)		135.8		131.9		121.4
Depreciation and amortization expense		36.2		36.1		36.7
Other expenses, net	[1]	7.3		10		27.6
Income (loss) from operations		199.1		206.1		183.7
Interest (income) expense, net		(1.9)		2.3		39.5
Capital expenditures		6.5		11.9		7.9
Total assets		781.9		816.8
Corporate | Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Revenues		0		0		0
Cost of products and other		0		0		0
Operating expenses (excluding depreciation and amortization expense as reflected below)		0		0		0
Depreciation and amortization expense		13.2		11.5		7.5
Other expenses, net	[1]	305.4	[3]	(573.3)	[3]	489.4
Income (loss) from operations		(318.6)	[3]	561.8	[3]	(496.9)
Interest (income) expense, net		88		66.3		195.6
Capital expenditures		7		8.8		$ 8.1
Total assets	[4]	$ 1,015.4		$ 1,024.1
[1]Other segment (income) expenses, net include General and administrative expenses (excluding depreciation and amortization expenses), Change in fair value of contingent consideration, net, Equity loss in investee, Loss (gain) on formation of SBR equity method investment, and Loss (gain) on sale of assets.[2]For the years ended December 31, 2024, December 31, 2023, and December 31, 2022, the Company’s refining segment includes $5.6 million, $312.7 million, and $336.2 million, respectively, of capital expenditures related to the Renewable Diesel Facility.[3]Income (loss) from operations within Corporate for the year ended December 31, 2024, includes a $8.7 million reduction of the gain associated with the formation of the SBR equity method investment. Income from operations within Corporate for the year ended December 31, 2023, includes a gain of $925.1 million associated with the formation of the SBR equity method investment.[4]As of December 31, 2024 and December 31, 2023, Corporate assets include the Company’s Equity method investment in SBR of $866.8 million and $881.0 million, respectively.

NET INCOME PER SHARE OF PBF E_3

NET INCOME PER SHARE OF PBF ENERGY (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Basic Earnings Per Share:
Net income (loss) attributable to PBF Energy Inc. stockholders		$ (533.8)	$ 2,140.5	$ 2,876.8
Less: Income allocated to participating securities		0.1	0	0
Income (loss) available to PBF Energy Inc. stockholders - basic		$ (533.9)	$ 2,140.5	$ 2,876.8
Denominator for basic net income (loss) per Class A common share-weighted average shares (in shares)	[1]	116,248,827	124,953,858	122,598,076
Basic net income (loss) attributable to PBF Energy per Class A common share (in usd per share)		$ (4.59)	$ 17.13	$ 23.47
Diluted Earnings Per Share:
Income (loss) available to PBF Energy Inc. stockholders - basic		$ (533.9)	$ 2,140.5	$ 2,876.8
Plus: Net income (loss) attributable to noncontrolling interest	[1]	(6)	20.5	27.9
Less: Income tax expense (benefit) on net income (loss) per Class A common share	[1]	1.6	(5.3)	(7.2)
Numerator for diluted net income (loss) per Class A common share - net income (loss) attributable to PBF Energy Inc. stockholders	[1]	$ (538.3)	$ 2,155.7	$ 2,897.5
Denominator for basic net income (loss) per Class A common share-weighted average shares (in shares)	[1]	116,248,827	124,953,858	122,598,076
Effect of dilutive securities:
Conversion of PBF LLC Series A Units (in shares)	[1]	862,780	899,519	917,991
Common stock equivalents (in shares)	[1],[2]	0	4,656,071	3,344,039
Denominator for diluted net income (loss) per common share-adjusted weighted average shares (in shares)		117,111,607	130,509,448	126,860,106
Diluted net income (loss) attributable to PBF Energy Inc. stockholders per Class A common share (in usd per share)		$ (4.60)	$ 16.52	$ 22.84
Effective tax rate		26%	26%	25.90%
Employee Stock Option
Effect of dilutive securities:
Antidilutive common stock excluded from computation of dilutive earnings per share (in shares)		4,413,417	18,431	3,877,035
[1]The diluted earnings per share calculation generally assumes the conversion of all outstanding PBF LLC Series A Units to PBF Energy Class A common stock. 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 26.0%, 26.0% and 25.9% annualized statutory corporate tax rate for the years ended December 31, 2024, 2023 and 2022, respectively) 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 PSUs 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 performance share units and options and warrants to purchase 4,413,417, 18,431 and 3,877,035 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the years ended December 31, 2024, 2023 and 2022, respectively. For periods showing a net loss, all common stock equivalents and unvested restricted stock are considered anti-dilutive.

FAIR VALUE MEASUREMENTS (Measur

FAIR VALUE MEASUREMENTS (Measured on Recurring Basis) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative, Collateral, Obligation to Return Cash	$ (15.1)	$ (23.7)
Fair Value, Measurements, Recurring [Member] | Commodity Contract
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	14	46.9
Derivative, Collateral, Right to Reclaim Cash	(14)	(46.9)
Derivative Liability	0	0
Fair Value, Measurements, Recurring [Member] | Renewable Energy Credit and Emissions Obligation
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative, Collateral, Right to Reclaim Cash	0	0
Obligations, Fair Value Disclosure	465.9	429.8
Fair Value, Measurements, Recurring [Member] | Contingent consideration obligation
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative, Collateral, Right to Reclaim Cash		0
Obligations, Fair Value Disclosure		21.6
Level 1 | Fair Value, Measurements, Recurring [Member] | Commodity Contract
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	14	46.9
Level 1 | Fair Value, Measurements, Recurring [Member] | Renewable Energy Credit and Emissions Obligation
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Obligations, Fair Value Disclosure	0	0
Level 1 | Fair Value, Measurements, Recurring [Member] | Contingent consideration obligation
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Obligations, Fair Value Disclosure		0
Level 2 | Fair Value, Measurements, Recurring [Member] | Commodity Contract
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	0	0
Level 2 | Fair Value, Measurements, Recurring [Member] | Renewable Energy Credit and Emissions Obligation
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Obligations, Fair Value Disclosure	465.9	429.8
Level 2 | Fair Value, Measurements, Recurring [Member] | Contingent consideration obligation
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Obligations, Fair Value Disclosure		0
Level 3 | Fair Value, Measurements, Recurring [Member] | Commodity Contract
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	0	0
Level 3 | Fair Value, Measurements, Recurring [Member] | Renewable Energy Credit and Emissions Obligation
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Obligations, Fair Value Disclosure	0	0
Level 3 | Fair Value, Measurements, Recurring [Member] | Contingent consideration obligation
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Obligations, Fair Value Disclosure		21.6
Money market funds [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	21	141.6
Money market funds [Member] | Level 1 | Fair Value, Measurements, Recurring [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	21	141.6
Money market funds [Member] | Level 2 | Fair Value, Measurements, Recurring [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Money market funds [Member] | Level 3 | Fair Value, Measurements, Recurring [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Commodity Contract | Fair Value, Measurements, Recurring [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	16	80.1
Derivative, Collateral, Obligation to Return Cash	(14)	(46.9)
Derivative Asset	2	33.2
Commodity Contract | Level 1 | Fair Value, Measurements, Recurring [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	16	80.1
Commodity Contract | Level 2 | Fair Value, Measurements, Recurring [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	0	0
Commodity Contract | Level 3 | Fair Value, Measurements, Recurring [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Change

FAIR VALUE MEASUREMENTS (Change in Fair Value at Level 3) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3		$ 0	$ 0
Martinez Acquistion [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Payment for contingent consideration liability	$ 18,800,000	18,800,000
Qualified Plan
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Defined Benefit Plan, Plan Assets, Amount		394,700,000	349,300,000	$ 274,200,000
Other Assets [Member] | Qualified Plan
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Defined Benefit Plan, Plan Assets, Amount		19,400,000	18,800,000
Contingent consideration obligation
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period		21,600,000	150,500,000
Settlements		(18,800,000)	(88,300,000)
Unrealized gain included in earnings		(2,800,000)	(40,600,000)
Balance at end of period		$ 0	$ 21,600,000

FAIR VALUE MEASUREMENTS (Fair V

FAIR VALUE MEASUREMENTS (Fair Value and Carrying Value of Debt) (Details) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Gross		$ 1,501.6	$ 1,301.6
Unamortized deferred financing costs		(41.6)	(52.5)
Unamortized discount		(2.7)	(3.2)
Long-term debt		1,457.3	1,245.9
Long-term debt, Fair value		1,455.9	1,294.1
Long-term debt, Fair value		1,455.9	1,294.1
Derivative, Collateral, Obligation to Return Cash		15.1	23.7
2028 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt		801.6	801.6
Long-term debt, Fair value	[1]	765.9	779.3
2030 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt		500	500
Long-term debt, Fair value	[1]	490	514.8
Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Line of Credit		200	0
Lines of Credit, Fair Value Disclosure	[2]	$ 200	$ 0
[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 outstanding senior notes.[2]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 (Additional Informa

DERIVATIVES (Additional Information) (Details)	12 Months Ended
	Dec. 31, 2024 USD ($) bbl	Dec. 31, 2023 USD ($) bbl	Dec. 31, 2022 USD ($)
Derivative [Line Items]
Gain (loss) on fair value hedge ineffectiveness | $	$ 0	$ 0	$ 0
Crude Oil Commodity Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount	13,911,000	23,774,000
Refined Product Commodity Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount	4,704,000	5,351,000

DERIVATIVES (Fair Value of Deri

DERIVATIVES (Fair Value of Derivative Instruments) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Accounts Receivable [Member]
Derivatives, Fair Value [Line Items]
Fair Value Asset	$ 2	$ 33.2

DERIVATIVES (Gain (Loss) Recogn

DERIVATIVES (Gain (Loss) Recognized in Income) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of Revenue	Cost of Revenue	Cost of Revenue
Designated as Hedging Instrument [Member] | Inventory Intermediation Agreement Obligation [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) Recognized in Income on Derivatives	$ 0	$ 21	$ 5.4
Designated as Hedging Instrument [Member] | Intermediates and Refined Products Inventory [Member] | Fair Value Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) Recognized in Income on Derivatives	0	(21)	(5.4)
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) Recognized in Income on Derivatives	$ 12.3	$ 38.1	$ (31.5)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event - USD ($) $ / shares in Units, $ in Millions		1 Months Ended
	Feb. 13, 2025	Jan. 31, 2025
Subsequent Event [Line Items]
Payment made to related parties, tax receivable agreement, current, including interest		$ 130.8
Interest included in tax receivable payment		5.4
Series B Unitholders
Subsequent Event [Line Items]
Payments to related parties, tax receivable agreement		$ 15.1
Class A Common Stock
Subsequent Event [Line Items]
Dividends declared per share (in usd per share)	$ 0.275