PBF Finance 10-Q 7 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2018	Jul. 31, 2018
Entity Information [Line Items]
Entity Registrant Name	PBF HOLDING CO LLC
Entity Central Index Key	1,566,011
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,018
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		0
PBF Finance Corporation [Member]
Entity Information [Line Items]
Entity Registrant Name	PBF FINANCE CORPORATION
Entity Central Index Key	1,566,097
Entity Common Stock, Shares Outstanding		100

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 442,717	$ 526,160	$ 114,019	$ 114,019	$ 626,705
Accounts receivable	1,031,574	951,129
Accounts receivable - affiliate	6,745	8,352
Inventories	2,540,277	2,213,797
Prepaid and other current assets	51,284	49,523
Total current assets	4,072,597	3,748,961
Property, plant and equipment, net	2,850,236	2,805,390
Investment in equity method investee	169,038	171,903
Deferred charges and other assets, net	861,395	779,924
Total assets	7,953,266	7,506,178
Current liabilities:
Accounts payable	634,893	572,932
Accounts payable - affiliate	31,473	40,817
Accrued expenses	1,818,734	1,800,859
Current debt	1,298	10,987
Deferred revenue	3,657	7,495
Note payable	3,200	5,621
Total current liabilities	2,493,255	2,438,711
Long-term debt	1,610,461	1,626,249
Deferred tax liabilities	28,502	33,155
Other long-term liabilities	231,767	223,961
Total liabilities	4,363,985	4,322,076
Commitments and contingencies (Note 8)
Equity:
Member’s equity	2,391,321	2,359,791
Retained earnings	1,213,798	840,431
Accumulated other comprehensive loss	(26,654)	(26,928)
Total PBF Holding Company LLC equity	3,578,465	3,173,294
Noncontrolling interest	10,816	10,808
Total equity	3,589,281	3,184,102
Total liabilities and equity	$ 7,953,266	$ 7,506,178

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Revenues	$ 7,440,470	$ 5,013,251	$ 13,240,071	$ 9,763,449
Cost and expenses:
Cost of products and other	6,512,153	4,662,833	11,701,759	8,914,587
Operating expenses (excluding depreciation and amortization expense as reflected below)	402,751	398,485	814,198	835,253
Depreciation and amortization expense	82,829	56,973	159,607	110,901
Cost of sales	6,997,733	5,118,291	12,675,564	9,860,741
General and administrative expenses (excluding depreciation and amortization expense as reflected below)	51,756	34,904	110,026	75,367
Depreciation and amortization expense	2,563	6,020	5,277	7,782
Equity income in investee	(4,363)	(3,820)	(8,385)	(7,419)
Loss on sale of assets	594	29	673	912
Total cost and expenses	7,048,283	5,155,424	12,783,155	9,937,383
Income (loss) from operations	392,187	(142,173)	456,916	(173,934)
Other income (expense):
Change in fair value of catalyst leases	4,140	1,104	4,153	(1,484)
Debt extinguishment costs	0	(25,451)	0	(25,451)
Interest expense, net	(33,052)	(32,857)	(66,366)	(63,513)
Other non-service components of net periodic benefit cost	277	(101)	555	(202)
Income (loss) before income taxes	363,552	(199,478)	395,258	(264,584)
Income tax (benefit) expense	(3,983)	5,898	(4,684)	6,332
Net income (loss)	367,535	(205,376)	399,942	(270,916)
Less: net income attributable to noncontrolling interests	76	267	8	380
Net income (loss) attributable to PBF Holding Company LLC	$ 367,459	$ (205,643)	$ 399,934	$ (271,296)

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 367,535	$ (205,376)	$ 399,942	$ (270,916)
Other comprehensive income:
Unrealized (loss) gain on available for sale securities	(235)	43	(235)	77
Net gain on pension and other post-retirement benefits	255	287	509	574
Total other comprehensive income	20	330	274	651
Comprehensive income (loss)	367,555	(205,046)	400,216	(270,265)
Less: comprehensive income attributable to noncontrolling interests	76	267	8	380
Comprehensive income (loss) attributable to PBF Holding Company LLC	$ 367,479	$ (205,313)	$ 400,208	$ (270,645)

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net income (loss)	$ 399,942	$ (270,916)
Adjustments to reconcile net income (loss) to net cash used in operations:
Depreciation and amortization	168,110	122,849
Stock-based compensation	9,520	10,134
Change in fair value of catalyst leases	(4,153)	1,484
Deferred income taxes	(4,653)	5,123
Non-cash change in inventory repurchase obligations	2,538	(3,107)
Non-cash lower of cost or market inventory adjustment	(245,655)	167,134
Debt extinguishment costs	0	25,451
Pension and other post-retirement benefit costs	23,691	21,121
Income from equity method investee	8,385	7,419
Distributions from equity method investee	8,385	12,254
Loss on sale of assets	673	912
Changes in operating assets and liabilities:
Accounts receivable	(80,445)	6,121
Due to/from affiliates	(7,737)	(13,505)
Inventories	(80,825)	(178,738)
Prepaid and other current assets	(1,761)	(18,038)
Accounts payable	64,253	(144,819)
Accrued expenses	910	106,073
Deferred revenue	(3,838)	(7,408)
Other assets and liabilities	(10,025)	(40,525)
Net cash provided by (used in) operations	230,545	(205,819)
Cash flows from investing activities:
Expenditures for property, plant and equipment	(110,169)	(179,575)
Expenditures for deferred turnaround costs	(179,194)	(214,375)
Expenditures for other assets	(12,357)	(23,747)
Equity method investment - return of capital	2,865	0
Net cash used in investing activities	(298,855)	(417,697)
Cash flows from financing activities:
Contributions from PBF LLC	22,000	97,000
Distributions to members	(26,567)	(5,252)
Proceeds from 2025 Senior Notes		725,000
Repayments of Long-term Debt	(3,385)	(690,209)
Proceeds from revolver borrowings	0	290,000
Repayments of revolver borrowings	0	290,000
Repayment of note payable	(2,421)	0
Catalyst lease settlements	(9,466)	0
Proceeds from insurance premium financing	17,398	0
Deferred financing costs and other	(12,692)	(12,414)
Net cash provided by (used in) financing activities	(15,133)	110,830
Net decrease in cash and cash equivalents	(83,443)	(512,686)
Cash and equivalents, beginning of period	526,160	626,705
Cash and equivalents, end of period	442,717	114,019
Non-cash activities:
Accrued and unpaid capital expenditures	20,119	127,805
Distribution of assets to PBF Energy Company LLC	0	25,547
Conversion of affiliate notes payable to capital contribution	0	86,298
2025 Senior Notes [Member]
Cash flows from financing activities:
Proceeds from 2025 Senior Notes	0	725,000
2020 Senior Secured Notes [Member]
Cash flows from financing activities:
Repayments of Long-term Debt	0	(690,209)
Rail Term Loan [Member]
Cash flows from financing activities:
Repayments of Long-term Debt	$ (3,385)	$ (3,295)

DESCRIPTION OF THE BUSINESS AND

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION Description of the Business PBF Holding Company LLC (“PBF Holding” or the “Company”), a Delaware limited liability company, and PBF Finance LP (“PBF Finance”), a wholly-owned subsidiary of PBF Holding, together with the Company’s consolidated subsidiaries, owns and operates oil refineries and related facilities in North America. PBF Holding is a wholly-owned subsidiary of PBF Energy Company LLC (“PBF LLC”). PBF Energy Inc. (“PBF Energy”) is the sole managing member of, and owner of an equity interest representing approximately 99.0% of the outstanding economic interest in, PBF LLC as of June 30, 2018 . PBF Investments LLC (“PBF Investments”), Toledo Refining Company LLC (“Toledo Refining” or “TRC”), Paulsboro Refining Company LLC (“Paulsboro Refining” or “PRC”), Delaware City Refining Company LLC (“Delaware City Refining” or “DCR”), Chalmette Refining, L.L.C. (“Chalmette Refining”), PBF Western Region LLC (“PBF Western Region”), Torrance Refining Company LLC (“Torrance Refining”) and Torrance Logistics Company LLC are PBF LLC’s principal operating subsidiaries and are all wholly-owned subsidiaries of PBF Holding. Collectively, PBF Holding and its consolidated subsidiaries are referred to hereinafter as the “Company”. PBF Logistics GP LLC (“PBF GP”) serves as the general partner of PBF Logistics LP (“PBFX”). PBF GP is wholly-owned by PBF LLC. In a series of transactions, PBF Holding distributed certain assets to PBF LLC, which in turn contributed those assets to PBFX (as described in “Note 7 - Related Party Transactions”). Substantially all of the Company’s operations are in the United States. As of June 30, 2018 , the Company’s oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products, and have been aggregated to form one reportable segment. To generate earnings and cash flows from operations, the Company is primarily dependent upon processing crude oil and selling refined petroleum products at margins sufficient to cover fixed and variable costs and other expenses. Crude oil and refined petroleum products are commodities; and factors largely out of the Company’s control can cause prices to vary over time. The potential margin volatility can have a material effect on the Company’s financial position, earnings and cash flow. Basis of Presentation The unaudited condensed consolidated financial information furnished herein reflects all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, considered necessary for a fair presentation of the financial position and the results of operations and cash flows of the Company for the periods presented. All intercompany accounts and transactions have been eliminated in consolidation. These unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. These interim condensed consolidated financial statements should be read in conjunction with the financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2017 of PBF Holding Company LLC and PBF Finance Corporation. The results of operations for the three and six months ended June 30, 2018 are not necessarily indicative of the results to be expected for the full year. Change in Presentation In 2017, the Company determined that it would revise the presentation of certain line items on its consolidated statements of operations to enhance its disclosure under the requirements of Rule 5-03 of Regulation S-X. The revised presentation is comprised of the inclusion of a subtotal within costs and expenses referred to as “Cost of sales” and the reclassification of total depreciation and amortization expense between such amounts attributable to cost of sales and other operating costs and expenses. The amount of depreciation and amortization expense that is presented separately within the “Cost of Sales” subtotal represents depreciation and amortization of refining and logistics assets that are integral to the refinery production process. The historical comparative information has been revised to conform to the current presentation. This revised presentation does not have an effect on the Company’s historical consolidated income from operations or net income, nor does it have any impact on its consolidated balance sheets, statements of comprehensive income or statements of cash flows. Presented below is a summary of the effects of this revised presentation on the Company’s historical statements of operations for the three and six months ended June 30, 2017 : Three Months Ended June 30, 2017 As Previously Reported Adjustments As Reclassified Cost and expenses: Cost of products and other $ 4,662,833 — $ 4,662,833 Operating expenses (excluding depreciation and amortization expense as reflected below) (1) 398,485 — 398,485 Depreciation and amortization expense — 56,973 56,973 Cost of sales 5,118,291 General and administrative expenses (excluding depreciation and amortization expense as reflected below) (1) 34,904 — 34,904 Depreciation and amortization expense 62,993 (56,973) 6,020 Equity income in investee (3,820) — (3,820) Loss on sale of assets 29 — 29 Total cost and expenses $ 5,155,424 $ 5,155,424 Six Months Ended June 30, 2017 As Previously Reported Adjustments As Reclassified Cost and expenses: Cost of products and other $ 8,914,587 — $ 8,914,587 Operating expenses (excluding depreciation and amortization expense as reflected below) (1) 835,253 — 835,253 Depreciation and amortization expense — 110,901 110,901 Cost of sales 9,860,741 General and administrative expenses (excluding depreciation and amortization expense as reflected below) (1) 75,367 — 75,367 Depreciation and amortization expense 118,683 (110,901) 7,782 Equity income in investee (7,419) — (7,419) Loss on sale of assets 912 — 912 Total cost and expenses $ 9,937,383 $ 9,937,383 (1) Amounts disclosed include the retrospective adjustments recorded as part of the adoption of ASU 2017-07, as defined below under “Recently Adopted Accounting Guidance”. Recently Adopted Accounting Guidance In May 2014, the Financial Accounting Standard Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 (Topic 606) “Revenue from Contracts with Customers.” (“ASC 606”). ASC 606 supersedes the revenue recognition requirements in Accounting Standards Codification 605 “Revenue Recognition” (“ASC 605”), and requires entities to recognize revenue when control of the promised goods or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. The Company adopted ASC 606 as of January 1, 2018 using the modified retrospective transition method. See “Note 2 - Revenues” for further details. In March 2017, the FASB issued ASU No. 2017-07, “Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” (“ASU 2017-07”), which provides guidance to improve the reporting of net periodic benefit cost in the income statement and on the components eligible for capitalization in assets. Under the new guidance, employers will present the service cost component of net periodic benefit cost in the same income statement line item(s) as other employee compensation costs arising from services rendered during the period. Only the service cost component will be eligible for capitalization in assets. Additionally, under this guidance, employers will present the other non-service components of the net periodic benefit cost separately from the line item(s) that includes the service cost and outside of any subtotal of operating income, if one is presented. Employers will apply the guidance on the presentation of the components of net periodic benefit cost in the income statement retrospectively. The guidance limiting the capitalization of net periodic benefit cost in assets to the service cost component will be applied prospectively. The guidance includes a practical expedient allowing entities to estimate amounts for comparative periods using the information previously disclosed in their pension and other postretirement benefit plan note to the financial statements. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The Company adopted ASU 2017-07 effective January 1, 2018 and applied the new guidance retrospectively in the Condensed Consolidated Statement of Operations. For the three and six months ended June 30, 2018 , the Company recorded income of $277 and $555 , respectively. For the three and six months ended June 30, 2017 , the Company recorded expense of $101 and $202 , respectively. These income and expense amounts have been recorded within Other income (expense) for the non-service components of net periodic benefit cost that were historically recorded within Operating expenses and General and administrative expenses. In May 2017, the FASB issued ASU No. 2017-09, “Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting” (“ASU 2017-09”), which provides guidance to increase clarity and reduce both diversity in practice and cost and complexity when applying the existing accounting guidance on changes to the terms or conditions of a share-based payment award. The amendments in ASU 2017-09 require an entity to account for the effects of a modification unless all the following are met: (i) the fair value of the modified award is the same as the fair value of the original award immediately before the original award is modified; (ii) the vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified; and (iii) the classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified. The guidance in ASU 2017-09 should be applied prospectively. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The Company’s adoption of this guidance did not materially impact its condensed consolidated financial statements. Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), to increase the transparency and comparability about leases among entities. Additional ASUs have been issued subsequent to ASU 2016-02 to provide additional clarification and implementation guidance for leases related to ASU 2016-02 related to, among other things, the application of certain practical expedients, the rate implicit in the lease, lessee reassessment of lease classification, lessor reassessment of lease term and purchase options, variable payments that depend on an index or rate and certain transition adjustments (collectively, the Company refers to ASU 2016-02 and these additional ASUs as the “Updated Lease Guidance”). The Updated Lease Guidance requires lessees to recognize a lease liability and a corresponding lease asset for virtually all lease contracts. It also requires additional disclosures about leasing arrangements. The Updated Lease Guidance is effective for interim and annual periods beginning after December 15, 2018, and requires a modified retrospective approach to adoption. While early adoption is permitted, the Company will not early adopt the Updated Lease Guidance. The Company has established a working group to study and lead the implementation of the Updated Lease Guidance and has instituted a task plan designed to meet the requirements and implementation deadline. The Company has also evaluated and purchased a lease software system, completed software design and configuration of the system, and begun testing the implementation of the selected system. The working group continues to evaluate the impact of the Updated Lease Guidance on the Company’s consolidated financial statements and related disclosures and the impact on its business processes and controls. While the assessment of this standard is ongoing, the Company has identified that the most significant impacts of the Updated Lease Guidance will be to bring nearly all leases on its balance sheet with “right of use assets” and “lease obligation liabilities” as well as accelerating recognition of the interest expense component of financing leases. The new standard will also require additional disclosures for financing and operating leases. In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities” (“ASU 2017-12”). The amendments in ASU 2017-12 more closely align the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. The amendments in ASU 2017-12 address specific limitations in current GAAP by expanding hedge accounting for both nonfinancial and financial risk components and by refining the measurement of hedge results to better reflect an entity’s hedging strategies. Thus, the amendments in ASU 2017-12 will enable an entity to better portray the economic results of hedging activities for certain fair value and cash flow hedges and will avoid mismatches in earnings by allowing for greater precision when measuring changes in fair value of the hedged item for certain fair value hedges. Additionally, by aligning the timing of recognition of hedge results with the earnings effect of the hedged item for cash flow and net investment hedges, and by including the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is presented, the results of an entity’s hedging program and the cost of executing that program will be more visible to users of financial statements. The guidance in ASU 2017-12 concerning amendments to cash flow and net investment hedge relationships that exist on the date of adoption should be applied using a modified retrospective approach (i.e., with a cumulative effect adjustment recorded to the opening balance of retained earnings as of the initial application date). The guidance in ASU 2017-12 also provides transition relief to make it easier for entities to apply certain amendments to existing hedges (including fair value hedges) where the hedge documentation needs to be modified. The presentation and disclosure requirements of ASU 2017-12 should be applied prospectively. The amendments in this ASU are effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods. The Company is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures. In June 2018, the FASB issued ASU No. 2018-07, “Compensation - Stock Compensation (Topic 718): Targeted Improvements to Non-employee Share-Based Payment Accounting” (“ASU 2018-07”). ASU 2018-07 expands the scope of Topic 718, Compensation-Stock Compensation, to include share-based payment transactions for acquiring goods and services from nonemployees. Under ASU 2018-07, the existing employee guidance for share-based payments will apply to nonemployee share-based transactions (as long as the transaction is not effectively a form of financing), with the exception of specific guidance related to the attribution of compensation cost. The cost of nonemployee awards will continue to be recorded as if the grantor had paid cash for the goods or services. In addition, the contractual term will be able to be used in lieu of an expected term in the option-pricing model for nonemployee awards. ASU 2018-07 also specifies the following: (i) that equity-classified share-based payment awards issued to nonemployees will now be measured on the grant date, instead of the previous requirement to remeasure the awards through the performance completion date; (ii) for performance conditions, compensation cost associated with the award will be recognized when achievement of the performance condition is probable, rather than upon achievement of the performance condition; (iii) the current requirement to reassess the classification (equity or liability) for nonemployee awards upon vesting will be eliminated, except for awards in the form of convertible instruments. Finally, ASU 2018-07 also clarifies that any share-based payment awards issued to customers should be evaluated under ASC 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods. Early adoption is permitted. Upon adoption, an entity should only re-measure liability-classified awards that have not been settled by the date of adoption and equity-classified awards for which a measurement date has not been established through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. Upon transition, the entity is required to measure these nonemployee awards at fair value as of the adoption date. The entity must not re-measure assets that are completed. Disclosures required at transition include the nature of and reason for the change in accounting principle and, if applicable, quantitative information about the cumulative effect of the change on retained earnings or other components of equity. The Company is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures.

REVENUES (Notes)

REVENUES (Notes)	6 Months Ended
	Jun. 30, 2018
Revenues [Abstract]
Revenue from Contract with Customer [Text Block]	2. REVENUES Adoption of Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers” Prior to January 1, 2018, the Company recognized revenue from customers when all of the following criteria were met: (i) persuasive evidence of an exchange arrangement existed, (ii) delivery had occurred or services had been rendered, (iii) the buyer’s price was fixed or determinable and (iv) collectability was reasonably assured. Amounts billed in advance of the period in which the service was rendered or product delivered were recorded as deferred revenue. Effective January 1, 2018, the Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers. As a result, the Company has changed its accounting policy for the recognition of revenue from contracts with customers as detailed below. The Company adopted ASC 606 using the modified retrospective method, which has been applied for the three and six months ended June 30, 2018 . The Company has applied ASC 606 only to those contracts that were not complete as of January 1, 2018. As such, the financial information for prior periods has not been adjusted and continues to be reported under ASC 605.The Company did not record a cumulative effect adjustment upon initially applying ASC 606 as there was not a significant impact upon adoption; however, the details of significant qualitative and quantitative disclosure changes upon implementing ASC 606 are discussed below. Revenue Recognition Revenues are recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. The following table provides information relating to the Company’s revenues from external customers for each product or group of similar products for the periods presented: Three Months Ended June 30, 2018 2017 Gasoline and distillates $ 6,341,757 $ 4,154,375 Feedstocks and other 404,197 310,951 Asphalt and blackoils 397,203 287,731 Chemicals 202,552 179,076 Lubricants 94,761 81,118 Total Revenues $ 7,440,470 $ 5,013,251 Six Months Ended June 30, 2018 2017 Gasoline and distillates $ 11,336,077 $ 8,243,186 Asphalt and blackoils 706,064 472,859 Feedstocks and other 642,906 535,361 Chemicals 378,660 363,499 Lubricants 176,364 148,544 Total Revenues $ 13,240,071 $ 9,763,449 The Company’s revenues are generated from the sale of refined petroleum 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 our customers. The time at which delivery and transfer of title occurs is the point when the Company’s control of the products is transferred to the Company’s customers and when their performance obligation to their customers is fulfilled. Delivery and transfer in 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. Deferred Revenues The Company records deferred revenues when cash payments are received or are due in advance of our performance, including amounts which are refundable. Deferred revenue was $3,657 and $7,495 as of June 30, 2018 and December 31, 2017 , respectively. The decrease in the deferred revenue balance for the six months ended June 30, 2018 is primarily driven by the timing and extent of cash payments received or due in advance of satisfying the Company’s performance obligations for the comparative periods. Our payment terms vary by the type and location of our customer 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, we require payment before the products or services are delivered to the customer. Significant Judgment and Practical Expedients For performance obligations related to sales of products, the Company has determined that customers are able to direct the use of, and obtain substantially all of the benefits from, the products at the point in time that the products are delivered. The Company has determined that the transfer of control upon delivery to the customer’s requested destination accurately depicts the transfer of goods. Upon the delivery of the products and transfer of control, the Company generally has the present right to payment and the customers bear the risks and rewards of ownership of the products. We have 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 we recognize revenue at the amount to which we have the right to invoice for services performed.

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following: June 30, 2018 Titled Inventory Inventory Intermediation Agreements Total Crude oil and feedstocks $ 1,159,842 $ — $ 1,159,842 Refined products and blendstocks 1,036,028 296,142 1,332,170 Warehouse stock and other 103,066 — 103,066 $ 2,298,936 $ 296,142 $ 2,595,078 Lower of cost or market adjustment (11,751 ) (43,050 ) (54,801 ) Total inventories $ 2,287,185 $ 253,092 $ 2,540,277 December 31, 2017 Titled Inventory Inventory Intermediation Agreements Total Crude oil and feedstocks $ 1,073,093 $ — $ 1,073,093 Refined products and blendstocks 1,030,817 311,477 1,342,294 Warehouse stock and other 98,866 — 98,866 $ 2,202,776 $ 311,477 $ 2,514,253 Lower of cost or market adjustment (232,652 ) (67,804 ) (300,456 ) Total inventories $ 1,970,124 $ 243,673 $ 2,213,797 Inventory under inventory intermediation agreements included certain light finished products sold to counterparties and stored in the Paulsboro and Delaware City refineries’ storage facilities in connection with the amended and restated inventory intermediation agreements (as amended, the “Inventory Intermediation Agreements”) with J. Aron & Company, a subsidiary of The Goldman Sachs Group, Inc. (“J. Aron”). During the three months ended June 30, 2018 , the Company recorded an adjustment to value its inventories to the lower of cost or market which increased both operating income and net income by $158,002 reflecting the net change in the lower of cost or market inventory reserve from $212,803 at March 31, 2018 to $54,801 at June 30, 2018 . During the six months ended June 30, 2018 , the Company recorded an adjustment to value its inventories to the lower of cost or market which increased both operating income and net income by $245,655 reflecting the net change in the lower of cost or market inventory reserve from $300,456 at December 31, 2017 to $54,801 at June 30, 2018 . During the three months ended June 30, 2017 , the Company recorded an adjustment to value its inventories to the lower of cost or market which decreased operating income and net income by $151,095 reflecting the net change in the lower of cost or market inventory reserve from $612,027 at March 31, 2017 to $763,122 at June 30, 2017 . During the six months ended June 30, 2017 , the Company recorded an adjustment to value its inventories to the lower of cost or market which decreased both operating income and net income by $167,134 reflecting the net change in the lower of cost or market inventory reserve from $595,988 at December 31, 2016 to $763,122 at June 30, 2017 .

ACCRUED EXPENSES

ACCRUED EXPENSES	6 Months Ended
	Jun. 30, 2018
Payables and Accruals [Abstract]
ACCRUED EXPENSES	ACCRUED EXPENSES Accrued expenses consisted of the following: June 30, December 31, Inventory-related accruals $ 1,138,913 $ 1,151,810 Inventory intermediation agreements 227,740 244,287 Excise and sales tax payable 176,557 118,515 Accrued transportation costs 53,464 64,400 Renewable energy credit and emissions obligations 52,390 26,231 Accrued utilities 31,647 42,189 Accrued salaries and benefits 30,347 58,589 Accrued refinery maintenance and support costs 25,578 35,674 Customer deposits 22,670 16,133 Accrued capital expenditures 14,371 17,342 Accrued interest 10,516 9,466 Environmental liabilities 6,940 7,968 Other 27,601 8,255 Total accrued expenses $ 1,818,734 $ 1,800,859 The Company has the obligation to repurchase certain intermediates and finished products that are held in the Company’s refinery storage tanks at the Delaware City and Paulsboro refineries in accordance with the Inventory Intermediation Agreements with J. Aron. As of June 30, 2018 and December 31, 2017 , a liability is recognized for the Inventory Intermediation Agreements and is recorded at market price for the J. Aron owned inventory held in the Company’s storage tanks under the Inventory Intermediation Agreements, with any change in the market price being recorded in Cost of products and other. The Company is subject to obligations to purchase Renewable Identification Numbers (“RINs”) required to comply with the Renewable Fuels Standard. The Company’s overall RINs obligation is based on a percentage of domestic shipments of on-road fuels as established by the Environmental Protection Agency (“EPA”). To the degree the Company is unable to blend the required amount of biofuels to satisfy its RINs obligation, RINs must be purchased on the open market to avoid penalties and fines. The Company records its RINs obligation on a net basis in Accrued expenses when its RINs liability is greater than the amount of RINs earned and purchased in a given period and in Prepaid and other current assets when the amount of RINs earned and purchased is greater than the RINs liability. In addition, the Company is subject to obligations to comply with federal and state legislative and regulatory measures, including regulations in the state of California pursuant to Assembly Bill 32 (“AB32”), to address environmental compliance and greenhouse gas and other emissions. These requirements include incremental costs to operate and maintain our facilities as well as to implement and manage new emission controls and programs. Renewable energy credit and emissions obligations fluctuate with the volume of applicable product sales and timing of credit purchases.

DEBT (Notes)

DEBT (Notes)	6 Months Ended
	Jun. 30, 2018
Debt Instrument [Line Items]
Debt Disclosure [Text Block]	5. DEBT 2018 Revolving Credit Agreement On May 2, 2018, PBF Holding and certain of its wholly-owned subsidiaries, as borrowers or subsidiary guarantors, replaced its existing asset-based revolving credit agreement dated as of August 15, 2014 (the “August 2014 Revolving Credit Agreement”) with a new asset-based revolving credit agreement (the “2018 Revolving Credit Agreement"). The 2018 Revolving Credit Agreement has a maximum commitment of $3,400,000 , a maturity date of May 2023 and redefines certain components of the Borrowing Base (as defined in the credit agreement) to make more funding available for working capital and other general corporate purposes. Borrowings under the 2018 Revolving Credit Agreement bear interest at the Alternative Base Rate plus the Applicable Margin or at the Adjusted LIBOR Rate plus the Applicable Margin (all as defined in the credit agreement). The Applicable Margin ranges from 0.25% to 1.00% for Alternative Base Rate Loans and from 1.25% to 2.00% for Adjusted LIBOR Rate Loans, in each case depending on the Company’s corporate credit rating. In addition, an accordion feature allows for commitments of up to $3,500,000 . The LC Participation Fee ranges from 1.00% to 1.75% depending on the Company’s corporate credit rating and the Fronting Fee is capped at 0.25% . The 2018 Revolving Credit Agreement contains representations, warranties and covenants by PBF Holding and the other borrowers, as well as customary events of default and indemnification obligations. At June 30, 2018 and December 31, 2017, there was $350,000 and $350,000 , respectively, outstanding under the revolving credit agreements.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES PBF Holding is a limited liability company treated as a “flow-through” entity for income tax purposes. Accordingly, there is generally no benefit or expense for federal or state income tax in the PBF Holding financial statements apart from the income tax attributable to two subsidiaries acquired in connection with the acquisition of Chalmette Refining and the Company’s wholly-owned Canadian subsidiary, PBF Energy Limited (“PBF Ltd.”), which are treated as C-Corporations for income tax purposes. The income tax (benefit) expense in the PBF Holding condensed consolidated financial statements of operations consists of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Current income tax (benefit) expense $ (26 ) $ 737 $ (31 ) $ 1,209 Deferred income tax (benefit) expense (3,957 ) 5,161 (4,653 ) 5,123 Total income tax (benefit) expense $ (3,983 ) $ 5,898 $ (4,684 ) $ 6,332

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Transactions and Agreements with PBFX PBF Holding entered into agreements with PBFX that establish fees for certain general and administrative services, and operational and maintenance services provided by the Company to PBFX. In addition, the Company executed terminal, pipeline and storage services agreements with PBFX under which PBFX provides commercial transportation, terminaling, storage and pipeline services to the Company. These agreements with PBFX include the agreements set forth below: Contribution Agreements Immediately prior to the closing of certain contribution agreements, which PBF LLC entered into with PBFX (collectively referred to as the “Contribution Agreements”), PBF Holding contributed certain assets to PBF LLC. PBF LLC in turn contributed those assets to PBFX pursuant to the Contribution Agreements. Certain proceeds received by PBF LLC from PBFX in accordance with the Contribution Agreements were subsequently contributed by PBF LLC to PBF Holding. Pursuant to a Contribution Agreement entered into on February 15, 2017, PBF Holding contributed all of the issued and outstanding limited liability company interests of Paulsboro Natural Gas Pipeline Company LLC (“PNGPC”) to PBF LLC. PBFX Operating Company LP (“PBFX Op Co”), PBFX’s wholly-owned subsidiary, in turn acquired the limited liability company interests in PNGPC from PBF LLC in connection with the Contribution Agreement effective February 28, 2017. PNGPC owns and operates an interstate natural gas pipeline which serves PBF Holding’s Paulsboro refinery (the “Paulsboro Natural Gas Pipeline”). In connection with the PNGPC Contribution Agreement, PBFX constructed a new pipeline to replace the existing pipeline, which commenced services in August 2017. In consideration for the PNGPC limited liability company interests, PBFX delivered to PBF LLC (i) an $11,600 intercompany promissory note in favor of Paulsboro Refining Company LLC, a wholly owned subsidiary of PBF Holding (the “Promissory Note”), (ii) an expansion rights and right of first refusal agreement in favor of PBF LLC with respect to the Paulsboro Natural Gas Pipeline and (iii) an assignment and assumption agreement with respect to certain outstanding litigation involving PNGPC and the existing pipeline. Following the completion of the Paulsboro Natural Gas Pipeline in the fourth quarter of 2017, PBF Holding received full payment of the affiliate promissory note due from PBFX. Commercial Agreements PBFX currently derives a substantial majority of its revenue from long-term, fee-based commercial agreements with PBF Holding relating to assets associated with the Contribution Agreements described above, the majority of which include minimum volume commitments (“MVCs”) and are supported by contractual fee escalations for inflation adjustments and certain increases in operating costs. Under these agreements, PBFX provides various pipeline, rail and truck terminaling and storage services to PBF Holding and PBF Holding has committed, under certain of these agreements, to provide PBFX with minimum fees based on minimum monthly throughput volumes. PBF Holding believes the terms and conditions under these agreements, as well as the Omnibus Agreement (as defined below) and the Services Agreement (as defined below) each with PBFX, are generally no less favorable to either party than those that could have been negotiated with unaffiliated parties with respect to similar services. See the 2017 Form 10-K for a more complete description of PBF Holding’s commercial agreements with PBFX, including those identified as leases, that were entered into prior to 2018. The following are commercial agreements entered into between PBF Holding and PBFX during 2018: • Amended and Restated Rail Agreements - The Delaware City Rail Terminaling Services Agreement and the Delaware West Ladder Rack Terminaling Services Agreement between PBF Holding and Delaware City Terminaling Company LLC were amended effective as of January 1, 2018 (collectively, the “Amended and Restated Rail Agreements”) with the service fees thereunder being adjusted, including the addition of an ancillary fee paid by PBF Holding on an actual cost basis. In determining payments due under the Amended and Restated Rail Agreements, excess volumes throughput under the agreements shall apply against required payments in respect to the minimum throughput commitments on a quarterly basis and, to the extent not previously applied, on an annual basis against the MVCs. • Knoxville Terminals Agreement - On April 16, 2018, PBFX completed the purchase of two refined product terminals located in Knoxville, Tennessee, which include product tanks, pipeline connections to the Colonial and Plantation pipeline systems and truck loading facilities (the “Knoxville Terminals”) from Cummins Terminals, Inc. (the “Knoxville Terminals Purchase”). In connection with the Knoxville Terminals Purchase, PBF Holding and PBFX entered into a terminal throughput and storage agreement (the “Knoxville Terminals Agreement”) whereby PBFX provides PBF Holding terminaling and storage services at the Knoxville Terminals. The initial term of the Knoxville Terminals Agreement is five years with automatic one -year renewals unless canceled by either party through written notice. Under the Knoxville Terminals Agreement, PBF Holding has a minimum volume commitment for storage and a minimum revenue commitment for throughput. The minimum throughput revenue commitment is $894 for year one, $1,788 for year two and $2,683 for year three and thereafter. The minimum storage commitment is equal to the available shell capacity for the dedicated PBF Holding tanks. If PBF Holding does not throughput or store the aggregate amounts equal to the minimum throughput revenue or available shell capacity described above, PBF Holding will be required to pay a shortfall payment equal to the shortfall revenue or capacity. The throughput and storage services fees are subject to increase or decrease effective as of January 1 of each year, beginning on January 1, 2019, by the amount of any change in the Consumer Price Index, provided that the fee may not be adjusted below the initial amount. The storage commitment under the Knoxville Terminals Agreement is considered a lease. Other Agreements In addition to the commercial agreements described above, PBF Holding has entered into an omnibus agreement with PBFX, PBF GP and PBF LLC, which has been amended and restated in connection with the closing of certain of the contribution agreements (as amended, the “Omnibus Agreement”). The Omnibus Agreement addresses the payment of an annual fee for the provision of various general and administrative services and reimbursement of salary and benefit costs for certain PBF Energy employees. Additionally, PBF Holding and certain of its subsidiaries have entered into an operation and management services and secondment agreement with PBFX (the “Services Agreement”), pursuant to which PBF Holding and its subsidiaries provide PBFX with the personnel necessary for PBFX to perform its obligations under its commercial agreements. PBFX reimburses PBF Holding for the use of such employees and the provision of certain infrastructure-related services to the extent applicable to its operations, including storm water discharge and waste water treatment, steam, potable water, access to certain roads and grounds, sanitary sewer access, electrical power, emergency response, filter press, fuel gas, API solids treatment, fire water and compressed air. The Services Agreement will terminate upon the termination of the Omnibus Agreement, provided that PBFX may terminate any service on 30-days’ notice. Summary of Transactions with PBFX A summary of transactions with PBFX is as follows: Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Reimbursements under affiliate agreements: Services Agreement $ 1,674 $ 1,661 $ 3,348 $ 3,279 Omnibus Agreement 1,737 1,630 3,437 3,284 Total expenses under affiliate agreements 63,785 58,355 124,649 114,557

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Environmental Matters The Company’s refineries, pipelines and related operations are subject to extensive and frequently changing federal, state and local laws and regulations, including, but not limited to, those relating to the discharge of materials into the environment or that otherwise relate to the protection of the environment, waste management and the characteristics and the compositions of fuels. Compliance with existing and anticipated laws and regulations can increase the overall cost of operating the refineries, including remediation, operating costs and capital costs to construct, maintain and upgrade equipment and facilities. In connection with the Paulsboro refinery acquisition, the Company assumed certain environmental remediation obligations. The Paulsboro environmental liability of $11,448 recorded as of June 30, 2018 ( $10,282 as of December 31, 2017 ) represents the present value of expected future costs discounted at a rate of 8.0% . The current portion of the environmental liability is recorded in Accrued expenses and the non-current portion is recorded in Other long-term liabilities. As of June 30, 2018 and December 31, 2017 , this liability is self-guaranteed by the Company. In connection with the acquisition of the Delaware City assets, Valero Energy Corporation (“Valero”) remains responsible for certain pre-acquisition environmental obligations up to $20,000 and the predecessor to Valero in ownership of the refinery retains other historical obligations. In connection with the acquisition of the Delaware City assets and the Paulsboro refinery, the Company and Valero purchased ten year, $75,000 environmental insurance policies to insure against unknown environmental liabilities at each site. In connection with the Toledo refinery acquisition, Sunoco, Inc. (R&M) remains responsible for environmental remediation for conditions that existed on the closing date for twenty years from March 1, 2011, subject to certain limitations. In connection with the acquisition of the Chalmette refinery, the Company obtained $3,936 in financial assurance (in the form of a surety bond) to cover estimated potential site remediation costs associated with an agreed to Administrative Order of Consent with the EPA. The estimated cost assumes remedial activities will continue for a minimum of thirty years. Further, in connection with the acquisition of the Chalmette refinery, the Company purchased a ten year, $100,000 environmental insurance policy to insure against unknown environmental liabilities at the refinery. At the time the Company acquired Chalmette refinery it was subject to a Consolidated Compliance Order and Notice of Potential Penalty (the “Order”) issued by the Louisiana Department of Environmental Quality (“LDEQ”) covering deviations from 2009 and 2010. Chalmette Refining and LDEQ subsequently entered into a dispute resolution agreement to negotiate the resolution of deviations on or before December 31, 2014. On May 18, 2018 the Order was settled by LDEQ and the Chalmette refinery for an administrative penalty of $741 , of which $100 has been paid in cash and the remainder has been or will be spent on beneficial environmental projects. On December 28, 2016, DNREC issued a Coastal Zone Act permit (the “Ethanol Permit”) to DCR allowing the utilization of existing tanks and existing marine loading equipment at their existing facilities to enable denatured ethanol to be loaded from storage tanks to marine vessels and shipped to offsite facilities. On January 13, 2017, the issuance of the Ethanol Permit was appealed by two environmental groups. On February 27, 2017, the Coastal Zone Industrial Board (the “Coastal Zone Board”) held a public hearing and dismissed the appeal, determining that the appellants did not have standing. The appellants filed an appeal of the Coastal Zone Board’s decision with the Delaware Superior Court (the “Superior Court”) on March 30, 2017. On January 19, 2018, the Superior Court rendered an Opinion regarding the decision of the Coastal Zone Board to dismiss the appeal of the Ethanol Permit for the ethanol project. The Judge determined that the record created by the Coastal Zone Board was insufficient for the Superior Court to make a decision, and therefore remanded the case back to the Coastal Zone Board to address the deficiency in the record. Specifically, the Superior Court directed the Coastal Zone Board to address any evidence concerning whether the appellants’ claimed injuries would be affected by the increased quantity of ethanol shipments. During the hearing before the Coastal Zone Board on standing, one of the appellants’ witnesses made a reference to the flammability of ethanol, without any indication of the significance of flammability/ explosivity to specific concerns. Moreover, the appellants did not introduce at hearing any evidence of the relative flammability of ethanol as compared to other materials shipped to and from the refinery. However, the sole dissenting opinion from the Coastal Zone Board focused on the flammability/explosivity issue, alleging that the appellants’ testimony raised the issue as a distinct basis for potential harms. Once the Board responds to the remand, it will go back to the Superior Court to complete its analysis and issue a decision. At the time the Company acquired the Toledo refinery, the EPA had initiated an investigation into the compliance of the refinery with EPA standards governing flaring pursuant to Section 114 of the Clean Air Act. On February 1, 2013, the EPA issued an Amended Notice of Violation, and on September 20, 2013, the EPA issued a Notice of Violation and Finding of Violation to Toledo refinery, alleging certain violations of the Clean Air Act at its Plant 4 and Plant 9 flares since the acquisition of the refinery on March 1, 2011. Toledo refinery and the EPA subsequently entered into tolling agreements pending settlement discussions. Although the resolution has not been finalized, the civil administrative penalty is anticipated to be approximately $645 including supplemental environmental projects. To the extent the administrative penalty exceeds such amount, it is not expected to be material to the Company. In connection with the acquisition of the Torrance refinery and related logistics assets, the Company assumed certain pre-existing environmental liabilities totaling $133,928 as of June 30, 2018 ( $136,487 as of December 31, 2017), related to certain environmental remediation obligations to address existing soil and groundwater contamination and monitoring activities and other clean-up activities, which reflects the current estimated cost of the remediation obligations. The current portion of the environmental liability is recorded in Accrued expenses and the non-current portion is recorded in Other long-term liabilities. In addition, in connection with the acquisition of the Torrance refinery and related logistics assets, the Company purchased a ten year, $100,000 environmental insurance policy to insure against unknown environmental liabilities. Furthermore, in connection with the acquisition, the Company assumed responsibility for certain specified environmental matters that occurred prior to the Company’s ownership of the refinery and the logistics assets, including specified incidents and/or notices of violations (“NOVs”) issued by regulatory agencies in various years before the Company’s ownership, including the Southern California Air Quality Management District (“SCAQMD”) and the Division of Occupational Safety and Health of the State of California (“Cal/OSHA”). Subsequent to the acquisition, further NOVs were issued by the SCAQMD, Cal/OSHA, the City of Torrance, the City of Torrance Fire Department, and the Los Angeles County Sanitation District related to alleged operational violations, emission discharges and/or flaring incidents at the refinery and the logistics assets both before and after the Company’s acquisition. EPA in November 2016 conducted a Risk Management Plan (“RMP”) inspection following the acquisition related to Torrance operations and issued preliminary findings in March 2017 concerning RMP potential operational violations. EPA and the California Department of Toxic Substances Control (“DTSC”) in December 2016 conducted a Resource Conservation and Recovery Act (“RCRA”) inspection following the acquisition related to Torrance operations and also issued in March 2017 preliminary findings concerning RCRA potential operational violations. In April 2017, EPA referred the RCRA preliminary findings to DTSC for final resolution. On March 1, 2018, the Company received a notice of intent to sue from Environmental Integrity Project, on behalf of Environment California, under RCRA with respect to the alleged violations from EPA’s and DTSC’s December 2016 inspection. On March 2, 2018, DTSC issued an order to correct alleged RCRA violations relating to the accumulation of oil bearing materials in roll off bins during 2016 and 2017. On June 14, 2018, the Torrance refinery and DTSC reached settlement regarding the oil bearing materials in the form of a stipulation and order, wherein the Torrance refinery agreed that it would recycle or properly dispose of the oil bearing materials by the end of 2018 and pay an administrative penalty of $150 . Following this settlement, in June 2018, DTSC referred the remaining alleged RCRA violations from EPA’s and DTSC’s December 2016 inspection to the California Attorney General for final resolution. The Torrance refinery and the California Attorney General are in discussions to resolve these remaining alleged RCRA violations. Other than the $150 DTSC administrative penalty, no other settlement or penalty demands have been received to date with respect to any of the other NOVs, preliminary findings, or order that are in excess of $100 . As the ultimate outcomes are uncertain, the Company cannot currently estimate the final amount or timing of their resolution but any such amount is not expected to have a material impact on the Company’s financial position, results of operations or cash flows, individually or in the aggregate. Applicable Federal and State Regulatory Requirements The Company’s operations and many of the products it manufactures are subject to certain specific requirements of the Clean Air Act (the “CAA”) and related state and local regulations. The CAA contains provisions that require capital expenditures for the installation of certain air pollution control devices at the Company’s refineries. Subsequent rule making authorized by the CAA or similar laws or new agency interpretations of existing rules, may necessitate additional expenditures in future years. In 2010, New York State adopted a Low-Sulfur Heating Oil mandate that, beginning July 1, 2012, requires all heating oil sold in New York State to contain no more than 15 parts per million (“PPM”) sulfur. Since July 1, 2012, other states in the Northeast market began requiring heating oil sold in their state to contain no more than 15 PPM sulfur. Currently, all of the Northeastern states and Washington DC have adopted sulfur controls on heating oil. Most of the Northeastern states will now require heating oil with 15 PPM or less sulfur by July 1, 2018 (except for Pennsylvania and Maryland - where less than 500 PPM sulfur is required). All of the heating oil the Company currently produces meets these specifications. The mandate and other requirements do not currently have a material impact on the Company’s financial position, results of operations or cash flows. The EPA issued the final Tier 3 Gasoline standards on March 3, 2014 under the CAA. This final rule establishes more stringent vehicle emission standards and further reduces the sulfur content of gasoline starting in January 2017. The new standard is set at 10 PPM sulfur in gasoline on an annual average basis starting January 1, 2017, with a credit trading program to provide compliance flexibility. The EPA responded to industry comments on the proposed rule and maintained the per gallon sulfur cap on gasoline at the existing 80 PPM cap. The refineries are complying with these new requirements as planned, either directly or using flexibility provided by sulfur credits generated or purchased in advance as an economic optimization. The standards set by the new rule are not expected to have a material impact on the Company’s financial position, results of operations or cash flows. The Company is required to comply with the Renewable Fuel Standard (“RFS”) implemented by the EPA, which sets annual quotas for the quantity of renewable fuels (such as ethanol) that must be blended into motor fuels consumed in the United States. In July 2018, the EPA issued proposed amendments to the RFS program regulations that would establish annual percentage standards for cellulosic biofuel, biomass-based diesel, advanced biofuel, and renewable fuels that would apply to all gasoline and diesel produced in the U.S. or imported in the year 2019. In addition, the separate proposal includes a proposed biomass-based diesel applicable volume for 2020. It is likely that RIN production will continue to be lower than needed forcing obligated parties, such as the Company, to purchase cellulosic waiver credits or purchase excess RINs from suppliers on the open market. In addition, on December 1, 2015 the EPA finalized revisions to an existing air regulation concerning Maximum Achievable Control Technologies (“MACT”) for Petroleum Refineries. The regulation requires additional continuous monitoring systems for eligible process safety valves relieving to atmosphere, minimum flare gas heat (Btu) content, and delayed coke drum vent controls to be installed by January 30, 2019. In addition, a program for ambient fence line monitoring for benzene was implemented prior to the deadline of January 30, 2018. The Company is in the process of implementing the requirements of this regulation. The regulation does not have a material impact on the Company’s financial position, results of operations or cash flows. The EPA published a Final Rule to the Clean Water Act (“CWA”) Section 316(b) in August 2014 regarding cooling water intake structures, which includes requirements for petroleum refineries. The purpose of this rule is to prevent fish from being trapped against cooling water intake screens (impingement) and to prevent fish from being drawn through cooling water systems (entrainment). Facilities will be required to implement Best Technology Available (“BTA”) as soon as possible, but state agencies have the discretion to establish implementation time lines. The Company continues to evaluate the impact of this regulation, and at this time does not anticipate it having a material impact on the Company’s financial position, results of operations or cash flows. As a result of the Torrance Acquisition, the Company is subject to greenhouse gas emission control regulations in the state of California pursuant to AB32. AB32 imposes a statewide cap on greenhouse gas emissions, including emissions from transportation fuels, with the aim of returning the state to 1990 emission levels by 2020. AB32 is implemented through two market mechanisms including the Low Carbon Fuel Standard (“LCFS”) and Cap and Trade, which was extended for an additional ten years to 2030 in July 2017. The Company is responsible for the AB32 obligations related to the Torrance refinery beginning on July 1, 2016 and must purchase emission credits to comply with these obligations. Additionally, in September 2016, the state of California enacted Senate Bill 32 (“SB32”) which further reduces greenhouse gas emissions targets to 40 percent below 1990 levels by 2030. However, subsequent to the acquisition, the Company is recovering the majority of these costs from its customers, and as such does not expect this obligation to materially impact the Company’s financial position, results of operations, or cash flows. To the degree there are unfavorable changes to AB32 or SB32 regulations or the Company is unable to recover such compliance costs from customers, these regulations could have a material adverse effect on our financial position, results of operations and cash flows. The Company is subject to obligations to purchase RINs. On February 15, 2017, the Company received a notification that EPA records indicated that PBF Holding used potentially invalid RINs that were in fact verified under the EPA’s RIN Quality Assurance Program (“QAP”) by an independent auditor as QAP A RINs. Under the regulations, use of potentially invalid QAP A RINs provided the user with an affirmative defense from civil penalties provided certain conditions are met. The Company has asserted the affirmative defense and if accepted by the EPA will not be required to replace these RINs and will not be subject to civil penalties under the program. It is reasonably possible that the EPA will not accept the Company’s defense and may assess penalties in these matters but any such amount is not expected to have a material impact on the Company’s financial position, results of operations or cash flows. As of January 1, 2011, the Company is required to comply with the EPA’s Control of Hazardous Air Pollutants From Mobile Sources, or MSAT2, regulations on gasoline that impose reductions in the benzene content of its produced gasoline. The Company purchases benzene credits to meet these requirements. The Company’s planned capital projects will reduce the amount of benzene credits that it needs to purchase. In addition, the renewable fuel standards mandate the blending of prescribed percentages of renewable fuels (e.g., ethanol and biofuels) into the Company’s produced gasoline and diesel. These new requirements, other requirements of the CAA and other presently existing or future environmental regulations may cause the Company to make substantial capital expenditures as well as the purchase of credits at significant cost, to enable its refineries to produce products that meet applicable requirements. The federal Comprehensive Environmental Response, Compensation and Liability Act of 1980 (“CERCLA”), also known as “Superfund,” imposes liability, without regard to fault or the legality of the original conduct, on certain classes of persons who are considered to be responsible for the release of a “hazardous substance” into the environment. These persons include the current or former owner or operator of the disposal site or sites where the release occurred and companies that disposed of or arranged for the disposal of the hazardous substances. Under CERCLA, such persons may be subject to joint and several liability for investigation and the costs of cleaning up the hazardous substances that have been released into the environment, for damages to natural resources and for the costs of certain health studies. As discussed more fully above, certain of the Company’s sites are subject to these laws and the Company may be held liable for investigation and remediation costs or claims for natural resource damages. It is not uncommon for neighboring landowners and other third parties to file claims for personal injury and property damage allegedly caused by hazardous substances or other pollutants released into the environment. Analogous state laws impose similar responsibilities and liabilities on responsible parties. In the Company’s current normal operations, it has generated waste, some of which falls within the statutory definition of a “hazardous substance” and some of which may have been disposed of at sites that may require cleanup under Superfund. The Company is also currently subject to certain other existing environmental claims and proceedings. The Company believes that there is only a remote possibility that future costs related to any of these other known contingent liability exposures would have a material impact on its financial position, results of operations or cash flows. PBF LLC Limited Liability Company Agreement The holders of limited liability company interests in PBF LLC, including PBF Energy, generally have to include for purposes of calculating their U.S. federal, state and local income taxes their share of any taxable income of PBF LLC, regardless of whether such holders receive cash distributions from PBF LLC. PBF Energy ultimately may not receive cash distributions from PBF LLC equal to its share of such taxable income or even equal to the actual tax due with respect to that income. For example, PBF LLC is required to include in taxable income PBF LLC’s allocable share of PBFX’s taxable income and gains (such share to be determined pursuant to the partnership agreement of PBFX), regardless of the amount of cash distributions received by PBF LLC from PBFX, and such taxable income and gains will flow-through to PBF Energy to the extent of its allocable share of the taxable income of PBF LLC. As a result, at certain times, the amount of cash otherwise ultimately available to PBF Energy on account of its indirect interest in PBFX may not be sufficient for PBF Energy to pay the amount of taxes it will owe on account of its indirect interests in PBFX. Taxable income of PBF LLC generally is allocated to the holders of PBF LLC units (including PBF Energy) pro-rata in accordance with their respective share of the net profits and net losses of PBF LLC. In general, PBF LLC is required to make periodic tax distributions to the members of PBF LLC, including PBF Energy, pro-rata in accordance with their respective percentage interests for such period (as determined under the amended and restated limited liability company agreement of PBF LLC), subject to available cash and applicable law and contractual restrictions (including pursuant to our debt instruments) and based on certain assumptions. Generally, these tax distributions are required to be in an amount equal to our estimate of the taxable income of PBF LLC for the year multiplied by an assumed tax rate equal to the highest effective marginal combined U.S. federal, state and local income tax rate prescribed for an individual or corporate resident in New York, New York (taking into account the nondeductibility of certain expenses). If, with respect to any given calendar year, the aggregate periodic tax distributions were less than the actual taxable income of PBF LLC multiplied by the assumed tax rate, PBF LLC is required to make a “true up” tax distribution, no later than March 15 of the following year, equal to such difference, subject to the available cash and borrowings of PBF LLC. PBF LLC generally obtains funding to pay its tax distributions by causing PBF Holding to distribute cash to PBF LLC and from distributions it receives from PBFX. Tax Receivable Agreement PBF Energy (the Company’s indirect parent) entered into a Tax Receivable Agreement with the PBF LLC Series A and PBF LLC Series B Unit holders (the “Tax Receivable Agreement”) that provides for the payment by PBF Energy to such persons of an amount equal to 85% of the amount of the benefits, if any, that PBF Energy is deemed to realize as a result of (i) increases in tax basis, as described below, and (ii) certain other tax benefits related to entering into the Tax Receivable Agreement, including tax benefits attributable to payments under the Tax Receivable Agreement. For purposes of the Tax Receivable Agreement, the benefits deemed realized by PBF Energy will be computed by comparing the actual income tax liability of PBF Energy (calculated with certain assumptions) to the amount of such taxes that PBF Energy would have been required to pay had there been no increase to the tax basis of the assets of PBF LLC as a result of purchases or exchanges of PBF LLC Series A Units for shares of PBF Energy’s Class A common stock and had PBF Energy not entered into the Tax Receivable Agreement. The term of the Tax Receivable Agreement will continue until all such tax benefits have been utilized or expired unless: (i) PBF Energy exercises its right to terminate the Tax Receivable Agreement, (ii) PBF Energy breaches any of its material obligations under the Tax Receivable Agreement or (iii) certain changes of control occur, in which case all obligations under the Tax Receivable Agreement will generally be accelerated and due as calculated under certain assumptions. The payment obligations under the Tax Receivable Agreement are obligations of PBF Energy and not of PBF LLC or PBF Holding. In general, PBF Energy expects to obtain funding for these annual payments from PBF LLC, primarily through tax distributions, which PBF LLC makes on a pro-rata basis to its owners. Such owners include PBF Energy, which holds a 99.0% interest in PBF LLC as of June 30, 2018 ( 96.7% as of December 31, 2017 ). PBF LLC generally obtains funding to pay its tax distributions by causing PBF Holding to distribute cash to PBF LLC and from distributions it receives from PBFX. As a result of the reduction of the corporate federal tax rate to 21% as part of the Tax Cuts and Jobs Act, PBF Energy’s liability associated with the Tax Receivable Agreement was reduced.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	6 Months Ended
	Jun. 30, 2018
Defined Benefit Plan [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS The components of net periodic benefit cost related to the Company’s defined benefit plans consisted of the following: Three Months Ended Six Months Ended Pension Benefits 2018 2017 2018 2017 Components of net periodic benefit cost: Service cost $ 11,836 $ 10,144 $ 23,672 $ 20,287 Interest cost 1,449 1,084 2,896 2,168 Expected return on plan assets (2,136 ) (1,442 ) (4,270 ) (2,884 ) Amortization of prior service cost 22 13 43 26 Amortization of actuarial loss 72 113 143 226 Net periodic benefit cost $ 11,243 $ 9,912 $ 22,484 $ 19,823 Three Months Ended Six Months Ended Post-Retirement Medical Plan 2018 2017 2018 2017 Components of net periodic benefit cost: Service cost $ 287 $ 316 $ 574 $ 632 Interest cost 155 172 310 344 Amortization of prior service cost 161 161 323 322 Net periodic benefit cost $ 603 $ 649 $ 1,207 $ 1,298 The Company adopted ASU 2017-07 as described in “Note 1 - Description of the Business and Basis of Presentation” effective January 1, 2018. The new guidance requires the bifurcation of net periodic benefit cost. The service cost component is presented within Income from operations, while the other components are reported separately outside of operations. This guidance was applied retrospectively in the Condensed Consolidated Statements of Operations. For the three and six months ended June 30, 2018 , the Company recorded income of $277 and $555 , respectively, related to the non-service cost components of net periodic benefit cost in Other income (expense). For the three and six months ended June 30, 2017 , the Company recorded expense of $101 and $202 , respectively, related to the non-service cost components of net periodic benefit cost in Other income (expense).

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The tables below present information about the Company’s financial assets and liabilities measured and recorded at fair value on a recurring basis and indicate the fair value hierarchy of the inputs utilized to determine the fair values as of June 30, 2018 and December 31, 2017 . We have elected to offset the fair value amounts recognized for multiple derivative contracts executed with the same counterparty; however, fair value amounts by hierarchy level are presented on a gross basis in the tables below. We have posted cash margin with various counterparties to support hedging and trading activities. The cash margin posted is required by counterparties as collateral deposits and cannot be offset against the fair value of open contracts except in the event of default. We have no derivative contracts that are subject to master netting arrangements that are reflected gross on the balance sheet. As of June 30 2018 Fair Value Hierarchy Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet Level 1 Level 2 Level 3 Assets: Money market funds $ 13,173 $ — $ — $ 13,173 N/A $ 13,173 Commodity contracts 65,389 5,999 — 71,388 (71,388 ) — Liabilities: Commodity contracts 75,477 37,397 — 112,874 (71,388 ) 41,486 Catalyst lease obligations — 45,430 — 45,430 — 45,430 Derivatives included with inventory intermediation agreement obligations — 10,259 — 10,259 — 10,259 As of December 31, 2017 Fair Value Hierarchy Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet Level 1 Level 2 Level 3 Assets: Money market funds $ 4,730 $ — $ — $ 4,730 N/A $ 4,730 Commodity contracts 10,031 357 — 10,388 (10,388 ) — Liabilities: Commodity contracts 51,673 33,035 — 84,708 (10,388 ) 74,320 Catalyst lease obligations — 59,048 — 59,048 — 59,048 Derivatives included with inventory intermediation agreement obligations — 7,721 — 7,721 — 7,721 The valuation methods used to measure financial instruments at fair value are as follows: • Money market funds categorized in Level 1 of the fair value hierarchy are measured at fair value based on quoted market prices and included within Cash and cash equivalents. • The commodity contracts categorized in Level 1 of the fair value hierarchy are measured at fair value based on quoted prices in an active market. The commodity contracts categorized in Level 2 of the fair value hierarchy are measured at fair value using a market approach based upon future commodity prices for similar instruments quoted in active markets. • The commodity contracts categorized in Level 3 of the fair value hierarchy consist of commodity price swap contracts that relate to forecasted purchases of crude oil for which quoted forward market prices are not readily available due to market illiquidity. The forward prices used to value these swaps were derived using broker quotes, prices from other third party sources and other available market based data. • The derivatives included with inventory intermediation agreement obligations and the catalyst lease obligations are categorized in Level 2 of the fair value hierarchy and are measured at fair value using a market approach based upon commodity prices for similar instruments quoted in active markets. Non-qualified pension plan assets are measured at fair value using a market approach based on published net asset values of mutual funds as a practical expedient. As of June 30, 2018 and December 31, 2017 , $9,464 and $9,593 , respectively, were included within Deferred charges and other assets, net for these non-qualified pension plan assets. The table below summarizes the changes in fair value measurements of commodity contracts categorized in Level 3 of the fair value hierarchy: Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Balance at beginning of period $ — $ — $ — $ (84 ) Purchases — — — — Settlements — — — 45 Unrealized gain included in earnings — — — 39 Transfers into Level 3 — — — — Transfers out of Level 3 — — — — Balance at end of period $ — $ — $ — $ — There were no transfers between levels during the three and six months ended June 30, 2018 or 2017 . Fair value of debt The table below summarizes the fair value and carrying value of debt as of June 30, 2018 and December 31, 2017 . June 30, 2018 December 31, 2017 Carrying value Fair value Carrying value Fair value 2025 Senior Notes (a) $ 725,000 $ 763,255 $ 725,000 $ 763,945 2023 Senior Notes (a) 500,000 521,660 500,000 522,101 Revolving Credit Agreement (b) 350,000 350,000 350,000 350,000 PBF Rail Term Loan (b) 24,982 24,982 28,366 28,366 Catalyst leases (c) 45,430 45,430 59,048 59,048 1,645,412 1,705,327 1,662,414 1,723,460 Less - Current debt (c) (1,298 ) (1,298 ) (10,987 ) (10,987 ) Less - Unamortized deferred financing costs (33,653 ) n/a (25,178 ) n/a Long-term debt $ 1,610,461 $ 1,704,029 $ 1,626,249 $ 1,712,473 (a) The estimated fair value, categorized as a Level 2 measurement, was calculated based on the present value of future expected payments utilizing implied current market interest rates based on quoted prices of the 7.00% senior notes due 2023 and the 7.25% senior notes due 2025 (collectively, the “Senior Notes”). (b) The estimated fair value approximates carrying value, categorized as a Level 2 measurement, as these borrowings bear interest based upon short-term floating market interest rates. (c) Catalyst leases are valued using a market approach based upon commodity prices for similar instruments quoted in active markets and are categorized as a Level 2 measurement. The Company has elected the fair value option for accounting for its catalyst lease repurchase obligations as the Company’s liability is directly impacted by the change in fair value of the underlying catalyst. During 2017, Delaware City Refining entered into two platinum bridge leases which were settled as of June 30, 2018 and the Company entered into a new platinum bridge lease, which will expire in the first quarter of 2019. The total outstanding balance related to these bridge leases as of June 30, 2018 and December 31, 2017 was $1,298 and $10,987 , respectively, and is included in Current debt on the Company’s Condensed Consolidated balance sheet.

DERIVATIVES

DERIVATIVES	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES The Company uses derivative instruments to mitigate certain exposures to commodity price risk. The Company entered into Inventory Intermediation Agreements that contain purchase obligations for certain volumes of intermediates and refined products. The purchase obligations related to intermediates and refined products under these agreements are derivative instruments that have been designated as fair value hedges in order to hedge the commodity price volatility of certain refinery inventory. The fair value of these purchase obligation derivatives is based on market prices of the underlying intermediates and refined products. The level of activity for these derivatives is based on the level of operating inventories. As of June 30, 2018 , there were 2,868,426 barrels of intermediates and refined products ( 3,000,142 barrels at December 31, 2017 ) outstanding under these derivative instruments designated as fair value hedges. These volumes represent the notional value of the contract. The Company also enters into economic hedges primarily consisting of commodity derivative contracts that are not designated as hedges and are used to manage price volatility in certain crude oil and feedstock inventories as well as crude oil, feedstock, and refined product sales or purchases. The objective in entering into economic hedges is consistent with the objectives discussed above for fair value hedges. As of June 30, 2018 , there were 22,752,000 barrels of crude oil and 5,293,000 barrels of refined products ( 22,348,000 and 1,989,000 , respectively, as of December 31, 2017 ), outstanding under short and long term commodity derivative contracts not designated as hedges representing the notional value of the contracts. The following tables provide information about the fair values of these derivative instruments as of June 30, 2018 and December 31, 2017 and the line items in the condensed consolidated balance sheet in which the fair values are reflected. Description Balance Sheet Location Fair Value Asset/(Liability) Derivatives designated as hedging instruments: June 30, 2018: Derivatives included with the inventory intermediation agreement obligations Accrued expenses $ (10,259 ) December 31, 2017: Derivatives included with the inventory intermediation agreement obligations Accrued expenses $ (7,721 ) Derivatives not designated as hedging instruments: June 30, 2018: Commodity contracts Accrued expenses $ (41,486 ) December 31, 2017: Commodity contracts Accrued expenses $ (74,320 ) The following table provides information about the gains or losses recognized in income on these derivative instruments and the line items in the condensed consolidated statements of operations in which such gains and losses are reflected. Description Location of Gain or (Loss) Recognized in Income on Derivatives Gain or (Loss) Recognized in Income on Derivatives Derivatives designated as hedging instruments: For the three months ended June 30, 2018: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ 6,287 For the three months ended June 30, 2017: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ (20,017 ) For the six months ended June 30, 2018: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ (2,538 ) For the six months ended June 30, 2017: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ 3,107 Derivatives not designated as hedging instruments: For the three months ended June 30, 2018: Commodity contracts Cost of products and other $ (33,079 ) For the three months ended June 30, 2017: Commodity contracts Cost of products and other $ 14,293 For the six months ended June 30, 2018: Commodity contracts Cost of products and other $ (46,360 ) For the six months ended June 30, 2017: Commodity contracts Cost of products and other $ 14,684 Hedged items designated in fair value hedges: For the three months ended June 30, 2018: Intermediate and refined product inventory Cost of products and other $ (6,287 ) For the three months ended June 30, 2017: Intermediate and refined product inventory Cost of products and other $ 20,017 For the six months ended June 30, 2018: Intermediate and refined product inventory Cost of products and other $ 2,538 For the six months ended June 30, 2017: Intermediate and refined product inventory Cost of products and other $ (3,107 ) The Company had no ineffectiveness related to the fair value hedges for the three and six months ended June 30, 2018 or 2017 .

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Dividend Declared On August 2, 2018, PBF Energy, PBF Holding’s indirect parent, announced a dividend of $0.30 per share on its outstanding Class A common stock. The dividend is payable on August 30, 2018 to PBF Energy Class A common stockholders of record at the close of business on August 15, 2018. Development Assets Acquisition Pursuant to contribution agreements entered into on July 16, 2018, PBF Holding contributed certain of its subsidiaries (the “Development Assets Acquisition”) to PBF LLC. PBFX Op Co, PBFX’s wholly owned subsidiary, in turn acquired the subsidiary assets from PBF LLC that included the Toledo Rail Products Facility, an unloading and loading rail facility; the Chalmette Truck Rack, a truck loading rack facility; the Chalmette Rosin Yard, a rail yard facility; the Paulsboro Lube Oil Terminal, a lubes oil terminal facility; and the Delaware Ethanol Storage Facility, an ethanol storage facility (collectively, the “Development Assets”). The Development Assets Acquisition closed on July 31, 2018 for total consideration of $31,586 consisting of 1,494,134 common units of PBFX issued to PBF LLC.

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDINGS	6 Months Ended
	Jun. 30, 2018
Condensed Financial Information of Subsidiary Disclosure [Abstract]
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDINGS	CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING PBF Services Company, Delaware City Refining Company LLC, PBF Power Marketing LLC, Paulsboro Refining Company LLC, Toledo Refining Company LLC, Chalmette Refining, L.L.C., PBF Energy Western Region LLC, Torrance Refining Company LLC, Torrance Logistics Company LLC, PBF International Inc. and PBF Investments LLC are 100% owned subsidiaries of PBF Holding and serve as guarantors of the obligations under the Senior Notes. These guarantees are full and unconditional and joint and several. For purposes of the following footnote, PBF Holding is referred to as “Issuer”. The indentures dated November 24, 2015 and May 30, 2017, among PBF Holding, PBF Finance, the guarantors party thereto and Wilmington Trust, National Association, governs subsidiaries designated as “Guarantor Subsidiaries”. PBF Energy Limited, PBF Transportation Company LLC, PBF Rail Logistics Company LLC, Chalmette Logistics Company LLC, Paulsboro Terminaling Company LLC, MOEM Pipeline LLC, Collins Pipeline Company, T&M Terminal Company, TVP Holding Company LLC (“TVP Holding”), Torrance Basin Pipeline Company LLC and Torrance Pipeline Company LLC are consolidated subsidiaries of the Company that are not guarantors of the Senior Notes. Additionally, our 50% equity investment in Torrance Valley Pipeline Company, held by TVP Holding is included in our Non-Guarantor financial position and results of operations and cash flows as TVP Holding is not a guarantor of the Senior Notes. The Senior Notes were co-issued by PBF Finance. For purposes of the following footnote, PBF Finance is referred to as “Co-Issuer.” The Co-Issuer has no independent assets or operations. The following supplemental combining and condensed consolidating financial information reflects the Issuer’s separate accounts, the combined accounts of the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries, the combining and consolidating adjustments and eliminations and the Issuer’s consolidated accounts for the dates and periods indicated. For purposes of the following combining and consolidating information, the Issuer’s investment in its subsidiaries and the Guarantor subsidiaries’ investments in their subsidiaries are accounted for under the equity method of accounting. CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING BALANCE SHEETS (UNAUDITED) June 30, 2018 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total ASSETS Current assets: Cash and cash equivalents $ 400,634 $ 16,243 $ 25,840 $ — $ 442,717 Accounts receivable 992,378 9,071 30,125 — 1,031,574 Accounts receivable - affiliate 2,727 3,292 726 — 6,745 Inventories 2,353,720 — 186,557 — 2,540,277 Prepaid and other current assets 18,953 30,848 1,483 — 51,284 Due from related parties 31,378,354 24,147,941 8,296,673 (63,822,968 ) — Total current assets 35,146,766 24,207,395 8,541,404 (63,822,968 ) 4,072,597 Property, plant and equipment, net 19,084 2,597,504 233,648 — 2,850,236 Investment in subsidiaries — 390,529 — (390,529 ) — Investment in equity method investee — — 169,038 — 169,038 Deferred charges and other assets, net 24,250 837,111 34 — 861,395 Total assets $ 35,190,100 $ 28,032,539 $ 8,944,124 $ (64,213,497 ) $ 7,953,266 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 508,073 $ 109,942 $ 16,878 $ — $ 634,893 Accounts payable - affiliate 30,042 1,431 — — 31,473 Accrued expenses 1,477,262 109,095 232,377 — 1,818,734 Current debt — 1,298 — — 1,298 Deferred revenue 3,630 20 7 — 3,657 Due to related parties 26,699,566 28,862,202 8,261,200 (63,822,968 ) — Note payable — 3,200 — — 3,200 Total current liabilities 28,718,573 29,087,188 8,510,462 (63,822,968 ) 2,493,255 Long-term debt 1,541,649 44,132 24,680 — 1,610,461 Deferred tax liabilities — — 28,502 — 28,502 Other long-term liabilities 30,979 196,643 4,145 — 231,767 Investment in subsidiaries 1,309,618 — — (1,309,618 ) — Total liabilities 31,600,819 29,327,963 8,567,789 (65,132,586 ) 4,363,985 Commitments and contingencies (Note 8) Equity: PBF Holding Company LLC equity Member’s equity 2,391,321 1,734,642 332,689 (2,067,331 ) 2,391,321 Retained earnings / (accumulated deficit) 1,213,798 (3,031,222 ) 43,646 2,987,576 1,213,798 Accumulated other comprehensive loss (26,654 ) (9,660 ) — 9,660 (26,654 ) Total PBF Holding Company LLC equity 3,578,465 (1,306,240 ) 376,335 929,905 3,578,465 Noncontrolling interest 10,816 10,816 — (10,816 ) 10,816 Total equity 3,589,281 (1,295,424 ) 376,335 919,089 3,589,281 Total liabilities and equity $ 35,190,100 $ 28,032,539 $ 8,944,124 $ (64,213,497 ) $ 7,953,266 13. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING BALANCE SHEETS (UNAUDITED) December 31, 2017 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total ASSETS Current assets: Cash and cash equivalents $ 486,568 $ 13,456 $ 26,136 $ — $ 526,160 Accounts receivable 903,298 7,605 40,226 — 951,129 Accounts receivable - affiliate 2,321 5,300 731 — 8,352 Inventories 1,982,315 — 231,482 — 2,213,797 Prepaid and other current assets 20,523 27,100 1,900 — 49,523 Due from related parties 28,632,914 23,302,660 6,820,693 (58,756,267 ) — Total current assets 32,027,939 23,356,121 7,121,168 (58,756,267 ) 3,748,961 Property, plant and equipment, net 21,785 2,547,229 236,376 — 2,805,390 Investment in subsidiaries — 413,136 — (413,136 ) — Investment in equity method investee — — 171,903 — 171,903 Deferred charges and other assets, net 30,141 749,749 34 — 779,924 Total assets $ 32,079,865 $ 27,066,235 $ 7,529,481 $ (59,169,403 ) $ 7,506,178 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 413,829 $ 137,149 $ 21,954 $ — $ 572,932 Accounts payable - affiliate 39,952 865 — — 40,817 Accrued expenses 1,409,212 122,722 268,925 — 1,800,859 Current debt — 10,987 — — 10,987 Deferred revenue 6,005 1,472 18 — 7,495 Note payable — 5,621 — — 5,621 Due to related parties 24,813,299 27,166,679 6,776,289 (58,756,267 ) — Total current liabilities 26,682,297 27,445,495 7,067,186 (58,756,267 ) 2,438,711 Long-term debt 1,550,206 48,024 28,019 — 1,626,249 Deferred tax liabilities — — 33,155 — 33,155 Other long-term liabilities 30,612 189,204 4,145 — 223,961 Investment in subsidiaries 632,648 — — (632,648 ) — Total liabilities 28,895,763 27,682,723 7,132,505 (59,388,915 ) 4,322,076 Commitments and contingencies (Note 8) Equity: PBF Holding Company LLC equity Member’s equity 2,359,791 1,731,268 343,940 (2,075,208 ) 2,359,791 Retained earnings / (accumulated deficit) 840,431 (2,348,904 ) 53,036 2,295,868 840,431 Accumulated other comprehensive loss (26,928 ) (9,660 ) — 9,660 (26,928 ) Total PBF Holding Company LLC equity 3,173,294 (627,296 ) 396,976 230,320 3,173,294 Noncontrolling interest 10,808 10,808 — (10,808 ) 10,808 Total equity 3,184,102 (616,488 ) 396,976 219,512 3,184,102 Total liabilities and equity $ 32,079,865 $ 27,066,235 $ 7,529,481 $ (59,169,403 ) $ 7,506,178 D CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) Three Months Ended June 30, 2018 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total Revenues $ 7,379,226 $ 342,061 $ 903,603 $ (1,184,420 ) $ 7,440,470 Cost and expenses: Cost of products and other 6,628,670 157,113 910,790 (1,184,420 ) 6,512,153 Operating expenses (excluding depreciation and amortization expense as reflected below) 11 394,759 7,981 — 402,751 Depreciation and amortization expense — 80,906 1,923 — 82,829 Cost of sales 6,628,681 632,778 920,694 (1,184,420 ) 6,997,733 General and administrative expenses (excluding depreciation and amortization expense as reflected below) 43,894 6,995 867 — 51,756 Depreciation and amortization expense 2,563 — — — 2,563 Equity income in investee — — (4,363 ) — (4,363 ) Loss on sale of assets — 594 — — 594 Total cost and expenses 6,675,138 640,367 917,198 (1,184,420 ) 7,048,283 Income (loss) from operations 704,088 (298,306 ) (13,595 ) — 392,187 Other income (expense): Equity in earnings of subsidiaries (304,211 ) (9,888 ) — 314,099 — Change in fair value of catalyst leases — 4,140 — — 4,140 Interest expense, net (32,248 ) (527 ) (277 ) — (33,052 ) Other non-service components of net periodic benefit cost (94 ) 370 1 — 277 Income (loss) before income taxes 367,535 (304,211 ) (13,871 ) 314,099 363,552 Income tax benefit — — (3,983 ) — (3,983 ) Net income (loss) 367,535 (304,211 ) (9,888 ) 314,099 367,535 Less: net income attributable to noncontrolling interests 76 76 — (76 ) 76 Net income (loss) attributable to PBF Holding Company LLC $ 367,459 $ (304,287 ) $ (9,888 ) $ 314,175 $ 367,459 Comprehensive income (loss) attributable to PBF Holding Company LLC $ 367,479 $ (304,287 ) $ (9,888 ) $ 314,175 $ 367,479 13. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) Three Months Ended June 30, 2017 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total Revenues $ 4,928,464 $ 134,566 $ 512,262 $ (562,041 ) $ 5,013,251 Cost and expenses: Cost of products and other 4,703,574 32,288 489,012 (562,041 ) 4,662,833 Operating expenses (excluding depreciation and amortization expense as reflected below) (326 ) 389,804 9,007 — 398,485 Depreciation and amortization expense — 55,076 1,897 — 56,973 Cost of sales 4,703,248 477,168 499,916 (562,041 ) 5,118,291 General and administrative expenses (excluding depreciation and amortization expense as reflected below) 28,827 6,286 (209 ) — 34,904 Depreciation and amortization expense 6,020 — — — 6,020 Equity income in investee — — (3,820 ) — (3,820 ) Loss on sale of assets — 29 — — 29 Total cost and expenses 4,738,095 483,483 495,887 (562,041 ) 5,155,424 Income (loss) from operations 190,369 (348,917 ) 16,375 — (142,173 ) Other income (expense): Equity in (loss) earnings of subsidiaries (338,171 ) 1,442 — 336,729 — Change in fair value of catalyst leases — 1,104 — — 1,104 Debt extinguishment costs (25,451 ) — — — (25,451 ) Interest expense, net (32,108 ) (480 ) (269 ) — (32,857 ) Other non-service components of net periodic benefit cost (16 ) (85 ) — — (101 ) Income (loss) before income taxes (205,377 ) (346,936 ) 16,106 336,729 (199,478 ) Income tax expense — — 5,898 — 5,898 Net income (loss) (205,377 ) (346,936 ) 10,208 336,729 (205,376 ) Less: net income attributable to noncontrolling interests 267 267 — (267 ) 267 Net income (loss) attributable to PBF Holding Company LLC $ (205,644 ) $ (347,203 ) $ 10,208 $ 336,996 $ (205,643 ) Comprehensive income (loss) attributable to PBF Holding Company LLC $ (205,314 ) $ (347,203 ) $ 10,208 $ 336,996 $ (205,313 ) 13. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) Six Months Ended June 30, 2018 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total Revenues $ 13,113,901 $ 1,053,783 $ 1,589,206 $ (2,516,819 ) $ 13,240,071 Cost and expenses: Cost of products and other 11,866,752 761,445 1,590,381 (2,516,819 ) 11,701,759 Operating expenses (excluding depreciation and amortization expense as reflected below) 31 799,783 14,384 — 814,198 Depreciation and amortization expense — 155,764 3,843 — 159,607 Cost of sales 11,866,783 1,716,992 1,608,608 (2,516,819 ) 12,675,564 General and administrative expenses (excluding depreciation and amortization expense as reflected below) 94,863 12,984 2,179 — 110,026 Depreciation and amortization expense 5,277 — — — 5,277 Equity income in investee — — (8,385 ) — (8,385 ) Loss on sale of assets — 673 — — 673 Total cost and expenses 11,966,923 1,730,649 1,602,402 (2,516,819 ) 12,783,155 Income (loss) from operations 1,146,978 (676,866 ) (13,196 ) — 456,916 Other income (expense): Equity in loss of subsidiaries (681,957 ) (9,049 ) — 691,006 — Change in fair value of catalyst leases — 4,153 — — 4,153 Interest expense, net (64,894 ) (932 ) (540 ) — (66,366 ) Other non-service components of net periodic benefit cost (185 ) 737 3 — 555 Income (loss) before income taxes 399,942 (681,957 ) (13,733 ) 691,006 395,258 Income tax benefit — — (4,684 ) — (4,684 ) Net income (loss) 399,942 (681,957 ) (9,049 ) 691,006 399,942 Less: net income attributable to noncontrolling interests 8 8 — (8 ) 8 Net income (loss) attributable to PBF Holding Company LLC $ 399,934 $ (681,965 ) $ (9,049 ) $ 691,014 $ 399,934 Comprehensive income (loss) attributable to PBF Holding Company LLC $ 400,208 $ (681,965 ) $ (9,049 ) $ 691,014 $ 400,208 13. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) Six Months Ended June 30, 2017 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total Revenues $ 9,654,243 $ 760,335 $ 1,042,167 $ (1,693,296 ) $ 9,763,449 Cost and expenses: Cost of products and other 9,064,194 530,062 1,013,627 (1,693,296 ) 8,914,587 Operating expenses (excluding depreciation and amortization expense as reflected below) (331 ) 819,249 16,335 — 835,253 Depreciation and amortization expense — 107,123 3,778 — 110,901 Cost of sales 9,063,863 1,456,434 1,033,740 (1,693,296 ) 9,860,741 General and administrative expenses (excluding depreciation and amortization expense as reflected below) 62,506 13,451 (590 ) — 75,367 Depreciation and amortization expense 7,782 — — — 7,782 Equity income in investee — — (7,419 ) — (7,419 ) Loss on sale of assets — 912 — — 912 Total cost and expenses 9,134,151 1,470,797 1,025,731 (1,693,296 ) 9,937,383 Income (loss) from operations 520,092 (710,462 ) 16,436 — (173,934 ) Other income (expense): Equity in (loss) earnings of subsidiaries (703,300 ) 3,335 — 699,965 — Change in fair value of catalyst leases — (1,484 ) — — (1,484 ) Debt extinguishment costs (25,451 ) — — — (25,451 ) Interest expense, net (62,226 ) (838 ) (449 ) — (63,513 ) Other non-service components of net periodic benefit cost (32 ) (170 ) — — (202 ) Income (loss) before income taxes (270,917 ) (709,619 ) 15,987 699,965 (264,584 ) Income tax expense — — 6,332 — 6,332 Net income (loss) (270,917 ) (709,619 ) 9,655 699,965 (270,916 ) Less: net income attributable to noncontrolling interests 380 380 — (380 ) 380 Net income (loss) attributable to PBF Holding Company LLC $ (271,297 ) $ (709,999 ) $ 9,655 $ 700,345 $ (271,296 ) Comprehensive income (loss) attributable to PBF Holding Company LLC $ (270,646 ) $ (709,999 ) $ 9,655 $ 700,345 $ (270,645 ) CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (UNAUDITED) Six Months Ended June 30, 2018 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total Cash flows from operating activities: Net income (loss) $ 399,942 $ (681,957 ) $ (9,049 ) $ 691,006 $ 399,942 Adjustments to reconcile net income (loss) to net cash (used in) provided by operations: Depreciation and amortization 8,417 155,805 3,888 — 168,110 Stock-based compensation — 9,520 — — 9,520 Change in fair value of catalyst leases — (4,153 ) — — (4,153 ) Deferred income taxes — — (4,653 ) — (4,653 ) Non-cash change in inventory repurchase obligations 2,538 — — — 2,538 Non-cash lower of cost or market inventory adjustment (245,655 ) — — — (245,655 ) Pension and other post-retirement benefit costs 3,482 20,209 — — 23,691 Income from equity method investee — — (8,385 ) — (8,385 ) Distributions from equity method investee — — 8,385 — 8,385 Loss on sale of assets — 673 — — 673 Equity in earnings of subsidiaries 681,957 9,049 — (691,006 ) — Changes in operating assets and liabilities: Accounts receivable (89,080 ) (1,466 ) 10,101 — (80,445 ) Due to/from affiliates (866,193 ) 849,520 8,936 — (7,737 ) Inventories (125,750 ) — 44,925 — (80,825 ) Prepaid and other current assets 1,572 (3,750 ) 417 — (1,761 ) Accounts payable 94,244 (24,915 ) (5,076 ) — 64,253 Accrued expenses 61,061 (23,450 ) (36,701 ) — 910 Deferred revenue (2,375 ) (1,452 ) (11 ) — (3,838 ) Other assets and liabilities 8,585 (7,018 ) (11,592 ) — (10,025 ) Net cash (used in) provided by operations (67,255 ) 296,615 1,185 — 230,545 Cash flows from investing activities: Expenditures for property, plant and equipment (2,575 ) (106,633 ) (961 ) — (110,169 ) Expenditures for deferred turnaround costs — (179,194 ) — — (179,194 ) Expenditures for other assets — (12,357 ) — — (12,357 ) Equity method investment - return of capital — — 2,865 — 2,865 Due to/from affiliates (13 ) — — 13 — Net cash (used in) provided by investing activities (2,588 ) (298,184 ) 1,904 13 (298,855 ) Cash flows from financing activities: Contributions from PBF LLC 22,000 — — — 22,000 Distribution to members (26,567 ) — — — (26,567 ) Repayments of PBF Rail Term Loan — — (3,385 ) — (3,385 ) Repayment of note payable — (2,421 ) — — (2,421 ) Catalyst lease settlements — (9,466 ) — — (9,466 ) Due to/from affiliates — 13 — (13 ) — Proceeds from insurance premium financing 1,168 16,230 — — 17,398 Deferred financing cost and other (12,692 ) — — — (12,692 ) Net cash (used in) provided by financing activities (16,091 ) 4,356 (3,385 ) (13 ) (15,133 ) Net (decrease) increase in cash and cash equivalents (85,934 ) 2,787 (296 ) — (83,443 ) Cash and cash equivalents, beginning of period 486,568 13,456 26,136 — 526,160 Cash and cash equivalents, end of period $ 400,634 $ 16,243 $ 25,840 $ — $ 442,717 13. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (UNAUDITED) Six Months Ended June 30, 2017 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total Cash flows from operating activities: Net income (loss) $ (270,917 ) $ (709,619 ) $ 9,655 $ 699,965 $ (270,916 ) Adjustments to reconcile net income (loss) to net cash (used in) provided by operations: Depreciation and amortization 11,597 107,429 3,823 — 122,849 Stock-based compensation — 10,134 — — 10,134 Change in fair value of catalyst leases — 1,484 — — 1,484 Deferred income taxes — — 5,123 — 5,123 Non-cash change in inventory repurchase obligations (3,107 ) — — — (3,107 ) Non-cash lower of cost or market inventory adjustment 167,134 — — — 167,134 Debt extinguishment costs 25,451 — — — 25,451 Pension and other post-retirement benefit costs 3,304 17,817 — — 21,121 Income from equity method investee — — (7,419 ) — (7,419 ) Distributions from equity method investee — — 12,254 — 12,254 Loss on sale of assets — 912 — — 912 Equity in earnings (loss) of subsidiaries 703,300 (3,335 ) — (699,965 ) — Changes in operating assets and liabilities: Accounts receivable 21,334 3,501 (18,714 ) — 6,121 Due to/from affiliates (1,111,279 ) 1,029,667 68,107 — (13,505 ) Inventories (141,219 ) — (37,519 ) — (178,738 ) Prepaid and other current assets (3,314 ) (14,716 ) (8 ) — (18,038 ) Accounts payable (120,026 ) (24,140 ) (2,116 ) 1,463 (144,819 ) Accrued expenses 178,794 (42,903 ) (29,818 ) — 106,073 Deferred revenue (6,002 ) (1,418 ) 12 — (7,408 ) Other assets and liabilities (15,218 ) (13,881 ) (11,426 ) — (40,525 ) Net cash (used in) provided by operations (560,168 ) 360,932 (8,046 ) 1,463 (205,819 ) Cash flows from investing activities: Expenditures for property, plant and equipment (287 ) (179,019 ) (269 ) — (179,575 ) Expenditures for deferred turnaround costs — (214,375 ) — — (214,375 ) Expenditures for other assets — (23,747 ) — — (23,747 ) Net cash used in investing activities (287 ) (417,141 ) (269 ) — (417,697 ) Cash flows from financing activities: Contributions from PBF LLC 97,000 — — — 97,000 Distributions to members (5,252 ) — — — (5,252 ) Proceeds from 2025 Senior Notes 725,000 — — — 725,000 Cash paid to extinguish 2020 Senior Secured Notes (690,209 ) — — — (690,209 ) Repayments of PBF Rail Term Loan — — (3,295 ) — (3,295 ) Proceeds from revolver borrowings 290,000 — — — 290,000 Repayments of revolver borrowings (290,000 ) — — — (290,000 ) Due to/from affiliates (5,453 ) 5,453 — — — Deferred financing costs and other (12,414 ) — — — (12,414 ) Net cash provided by (used in) financing activities 108,672 5,453 (3,295 ) — 110,830 Net (decrease) increase in cash and cash equivalents (451,783 ) (50,756 ) (11,610 ) 1,463 (512,686 ) Cash and cash equivalents, beginning of period 530,085 56,717 41,366 (1,463 ) 626,705 Cash and cash equivalents, end of period $ 78,302 $ 5,961 $ 29,756 $ — $ 114,019

DESCRIPTION OF THE BUSINESS A19

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reclassifications [Text Block]	Presented below is a summary of the effects of this revised presentation on the Company’s historical statements of operations for the three and six months ended June 30, 2017 : Three Months Ended June 30, 2017 As Previously Reported Adjustments As Reclassified Cost and expenses: Cost of products and other $ 4,662,833 — $ 4,662,833 Operating expenses (excluding depreciation and amortization expense as reflected below) (1) 398,485 — 398,485 Depreciation and amortization expense — 56,973 56,973 Cost of sales 5,118,291 General and administrative expenses (excluding depreciation and amortization expense as reflected below) (1) 34,904 — 34,904 Depreciation and amortization expense 62,993 (56,973) 6,020 Equity income in investee (3,820) — (3,820) Loss on sale of assets 29 — 29 Total cost and expenses $ 5,155,424 $ 5,155,424 Six Months Ended June 30, 2017 As Previously Reported Adjustments As Reclassified Cost and expenses: Cost of products and other $ 8,914,587 — $ 8,914,587 Operating expenses (excluding depreciation and amortization expense as reflected below) (1) 835,253 — 835,253 Depreciation and amortization expense — 110,901 110,901 Cost of sales 9,860,741 General and administrative expenses (excluding depreciation and amortization expense as reflected below) (1) 75,367 — 75,367 Depreciation and amortization expense 118,683 (110,901) 7,782 Equity income in investee (7,419) — (7,419) Loss on sale of assets 912 — 912 Total cost and expenses $ 9,937,383 $ 9,937,383 (1) Amounts disclosed include the retrospective adjustments recorded as part of the adoption of ASU 2017-07, as defined below under “Recently Adopted Accounting Guidance”.
New Accounting Pronouncements	Recently Adopted Accounting Guidance In May 2014, the Financial Accounting Standard Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 (Topic 606) “Revenue from Contracts with Customers.” (“ASC 606”). ASC 606 supersedes the revenue recognition requirements in Accounting Standards Codification 605 “Revenue Recognition” (“ASC 605”), and requires entities to recognize revenue when control of the promised goods or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. The Company adopted ASC 606 as of January 1, 2018 using the modified retrospective transition method. See “Note 2 - Revenues” for further details. In March 2017, the FASB issued ASU No. 2017-07, “Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” (“ASU 2017-07”), which provides guidance to improve the reporting of net periodic benefit cost in the income statement and on the components eligible for capitalization in assets. Under the new guidance, employers will present the service cost component of net periodic benefit cost in the same income statement line item(s) as other employee compensation costs arising from services rendered during the period. Only the service cost component will be eligible for capitalization in assets. Additionally, under this guidance, employers will present the other non-service components of the net periodic benefit cost separately from the line item(s) that includes the service cost and outside of any subtotal of operating income, if one is presented. Employers will apply the guidance on the presentation of the components of net periodic benefit cost in the income statement retrospectively. The guidance limiting the capitalization of net periodic benefit cost in assets to the service cost component will be applied prospectively. The guidance includes a practical expedient allowing entities to estimate amounts for comparative periods using the information previously disclosed in their pension and other postretirement benefit plan note to the financial statements. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The Company adopted ASU 2017-07 effective January 1, 2018 and applied the new guidance retrospectively in the Condensed Consolidated Statement of Operations. For the three and six months ended June 30, 2018 , the Company recorded income of $277 and $555 , respectively. For the three and six months ended June 30, 2017 , the Company recorded expense of $101 and $202 , respectively. These income and expense amounts have been recorded within Other income (expense) for the non-service components of net periodic benefit cost that were historically recorded within Operating expenses and General and administrative expenses. In May 2017, the FASB issued ASU No. 2017-09, “Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting” (“ASU 2017-09”), which provides guidance to increase clarity and reduce both diversity in practice and cost and complexity when applying the existing accounting guidance on changes to the terms or conditions of a share-based payment award. The amendments in ASU 2017-09 require an entity to account for the effects of a modification unless all the following are met: (i) the fair value of the modified award is the same as the fair value of the original award immediately before the original award is modified; (ii) the vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified; and (iii) the classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified. The guidance in ASU 2017-09 should be applied prospectively. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The Company’s adoption of this guidance did not materially impact its condensed consolidated financial statements. Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), to increase the transparency and comparability about leases among entities. Additional ASUs have been issued subsequent to ASU 2016-02 to provide additional clarification and implementation guidance for leases related to ASU 2016-02 related to, among other things, the application of certain practical expedients, the rate implicit in the lease, lessee reassessment of lease classification, lessor reassessment of lease term and purchase options, variable payments that depend on an index or rate and certain transition adjustments (collectively, the Company refers to ASU 2016-02 and these additional ASUs as the “Updated Lease Guidance”). The Updated Lease Guidance requires lessees to recognize a lease liability and a corresponding lease asset for virtually all lease contracts. It also requires additional disclosures about leasing arrangements. The Updated Lease Guidance is effective for interim and annual periods beginning after December 15, 2018, and requires a modified retrospective approach to adoption. While early adoption is permitted, the Company will not early adopt the Updated Lease Guidance. The Company has established a working group to study and lead the implementation of the Updated Lease Guidance and has instituted a task plan designed to meet the requirements and implementation deadline. The Company has also evaluated and purchased a lease software system, completed software design and configuration of the system, and begun testing the implementation of the selected system. The working group continues to evaluate the impact of the Updated Lease Guidance on the Company’s consolidated financial statements and related disclosures and the impact on its business processes and controls. While the assessment of this standard is ongoing, the Company has identified that the most significant impacts of the Updated Lease Guidance will be to bring nearly all leases on its balance sheet with “right of use assets” and “lease obligation liabilities” as well as accelerating recognition of the interest expense component of financing leases. The new standard will also require additional disclosures for financing and operating leases. In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities” (“ASU 2017-12”). The amendments in ASU 2017-12 more closely align the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. The amendments in ASU 2017-12 address specific limitations in current GAAP by expanding hedge accounting for both nonfinancial and financial risk components and by refining the measurement of hedge results to better reflect an entity’s hedging strategies. Thus, the amendments in ASU 2017-12 will enable an entity to better portray the economic results of hedging activities for certain fair value and cash flow hedges and will avoid mismatches in earnings by allowing for greater precision when measuring changes in fair value of the hedged item for certain fair value hedges. Additionally, by aligning the timing of recognition of hedge results with the earnings effect of the hedged item for cash flow and net investment hedges, and by including the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is presented, the results of an entity’s hedging program and the cost of executing that program will be more visible to users of financial statements. The guidance in ASU 2017-12 concerning amendments to cash flow and net investment hedge relationships that exist on the date of adoption should be applied using a modified retrospective approach (i.e., with a cumulative effect adjustment recorded to the opening balance of retained earnings as of the initial application date). The guidance in ASU 2017-12 also provides transition relief to make it easier for entities to apply certain amendments to existing hedges (including fair value hedges) where the hedge documentation needs to be modified. The presentation and disclosure requirements of ASU 2017-12 should be applied prospectively. The amendments in this ASU are effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods. The Company is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures. In June 2018, the FASB issued ASU No. 2018-07, “Compensation - Stock Compensation (Topic 718): Targeted Improvements to Non-employee Share-Based Payment Accounting” (“ASU 2018-07”). ASU 2018-07 expands the scope of Topic 718, Compensation-Stock Compensation, to include share-based payment transactions for acquiring goods and services from nonemployees. Under ASU 2018-07, the existing employee guidance for share-based payments will apply to nonemployee share-based transactions (as long as the transaction is not effectively a form of financing), with the exception of specific guidance related to the attribution of compensation cost. The cost of nonemployee awards will continue to be recorded as if the grantor had paid cash for the goods or services. In addition, the contractual term will be able to be used in lieu of an expected term in the option-pricing model for nonemployee awards. ASU 2018-07 also specifies the following: (i) that equity-classified share-based payment awards issued to nonemployees will now be measured on the grant date, instead of the previous requirement to remeasure the awards through the performance completion date; (ii) for performance conditions, compensation cost associated with the award will be recognized when achievement of the performance condition is probable, rather than upon achievement of the performance condition; (iii) the current requirement to reassess the classification (equity or liability) for nonemployee awards upon vesting will be eliminated, except for awards in the form of convertible instruments. Finally, ASU 2018-07 also clarifies that any share-based payment awards issued to customers should be evaluated under ASC 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods. Early adoption is permitted. Upon adoption, an entity should only re-measure liability-classified awards that have not been settled by the date of adoption and equity-classified awards for which a measurement date has not been established through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. Upon transition, the entity is required to measure these nonemployee awards at fair value as of the adoption date. The entity must not re-measure assets that are completed. Disclosures required at transition include the nature of and reason for the change in accounting principle and, if applicable, quantitative information about the cumulative effect of the change on retained earnings or other components of equity. The Company is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures.

DESCRIPTION OF THE BUSINESS A20

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION Change in presentation (Tables)	6 Months Ended
	Jun. 30, 2018
Change in presentation [Abstract]
Schedule of Change in Presentation [Table Text Block]	Six Months Ended June 30, 2017 As Previously Reported Adjustments As Reclassified Cost and expenses: Cost of products and other $ 8,914,587 — $ 8,914,587 Operating expenses (excluding depreciation and amortization expense as reflected below) (1) 835,253 — 835,253 Depreciation and amortization expense — 110,901 110,901 Cost of sales 9,860,741 General and administrative expenses (excluding depreciation and amortization expense as reflected below) (1) 75,367 — 75,367 Depreciation and amortization expense 118,683 (110,901) 7,782 Equity income in investee (7,419) — (7,419) Loss on sale of assets 912 — 912 Total cost and expenses $ 9,937,383 $ 9,937,383

REVENUES (Tables)

REVENUES (Tables)	6 Months Ended
	Jun. 30, 2018
Revenues [Abstract]
Revenue from External Customers by Products and Services [Table Text Block]	The following table provides information relating to the Company’s revenues from external customers for each product or group of similar products for the periods presented: Three Months Ended June 30, 2018 2017 Gasoline and distillates $ 6,341,757 $ 4,154,375 Feedstocks and other 404,197 310,951 Asphalt and blackoils 397,203 287,731 Chemicals 202,552 179,076 Lubricants 94,761 81,118 Total Revenues $ 7,440,470 $ 5,013,251 Six Months Ended June 30, 2018 2017 Gasoline and distillates $ 11,336,077 $ 8,243,186 Asphalt and blackoils 706,064 472,859 Feedstocks and other 642,906 535,361 Chemicals 378,660 363,499 Lubricants 176,364 148,544 Total Revenues $ 13,240,071 $ 9,763,449

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories consisted of the following: June 30, 2018 Titled Inventory Inventory Intermediation Agreements Total Crude oil and feedstocks $ 1,159,842 $ — $ 1,159,842 Refined products and blendstocks 1,036,028 296,142 1,332,170 Warehouse stock and other 103,066 — 103,066 $ 2,298,936 $ 296,142 $ 2,595,078 Lower of cost or market adjustment (11,751 ) (43,050 ) (54,801 ) Total inventories $ 2,287,185 $ 253,092 $ 2,540,277 December 31, 2017 Titled Inventory Inventory Intermediation Agreements Total Crude oil and feedstocks $ 1,073,093 $ — $ 1,073,093 Refined products and blendstocks 1,030,817 311,477 1,342,294 Warehouse stock and other 98,866 — 98,866 $ 2,202,776 $ 311,477 $ 2,514,253 Lower of cost or market adjustment (232,652 ) (67,804 ) (300,456 ) Total inventories $ 1,970,124 $ 243,673 $ 2,213,797

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2018
Payables and Accruals [Abstract]
Schedule of accrued expenses	Accrued expenses consisted of the following: June 30, December 31, Inventory-related accruals $ 1,138,913 $ 1,151,810 Inventory intermediation agreements 227,740 244,287 Excise and sales tax payable 176,557 118,515 Accrued transportation costs 53,464 64,400 Renewable energy credit and emissions obligations 52,390 26,231 Accrued utilities 31,647 42,189 Accrued salaries and benefits 30,347 58,589 Accrued refinery maintenance and support costs 25,578 35,674 Customer deposits 22,670 16,133 Accrued capital expenditures 14,371 17,342 Accrued interest 10,516 9,466 Environmental liabilities 6,940 7,968 Other 27,601 8,255 Total accrued expenses $ 1,818,734 $ 1,800,859

INCOME TAXES INCOME TAX EXPENSE

INCOME TAXES INCOME TAX EXPENSE (Tables)	6 Months Ended
	Jun. 30, 2018
INCOME TAX EXPENSE [Abstract]
Schedule of components of income tax provision (benefit)	Three Months Ended Six Months Ended 2018 2017 2018 2017 Current income tax (benefit) expense $ (26 ) $ 737 $ (31 ) $ 1,209 Deferred income tax (benefit) expense (3,957 ) 5,161 (4,653 ) 5,123 Total income tax (benefit) expense $ (3,983 ) $ 5,898 $ (4,684 ) $ 6,332

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
Schedule of related party transactions	A summary of transactions with PBFX is as follows: Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Reimbursements under affiliate agreements: Services Agreement $ 1,674 $ 1,661 $ 3,348 $ 3,279 Omnibus Agreement 1,737 1,630 3,437 3,284 Total expenses under affiliate agreements 63,785 58,355 124,649 114,557

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	6 Months Ended
	Jun. 30, 2018
Defined Benefit Plan [Abstract]
Schedule of net periodic benefit cost	The components of net periodic benefit cost related to the Company’s defined benefit plans consisted of the following: Three Months Ended Six Months Ended Pension Benefits 2018 2017 2018 2017 Components of net periodic benefit cost: Service cost $ 11,836 $ 10,144 $ 23,672 $ 20,287 Interest cost 1,449 1,084 2,896 2,168 Expected return on plan assets (2,136 ) (1,442 ) (4,270 ) (2,884 ) Amortization of prior service cost 22 13 43 26 Amortization of actuarial loss 72 113 143 226 Net periodic benefit cost $ 11,243 $ 9,912 $ 22,484 $ 19,823 Three Months Ended Six Months Ended Post-Retirement Medical Plan 2018 2017 2018 2017 Components of net periodic benefit cost: Service cost $ 287 $ 316 $ 574 $ 632 Interest cost 155 172 310 344 Amortization of prior service cost 161 161 323 322 Net periodic benefit cost $ 603 $ 649 $ 1,207 $ 1,298

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The tables below present information about the Company’s financial assets and liabilities measured and recorded at fair value on a recurring basis and indicate the fair value hierarchy of the inputs utilized to determine the fair values as of June 30, 2018 and December 31, 2017 . We have elected to offset the fair value amounts recognized for multiple derivative contracts executed with the same counterparty; however, fair value amounts by hierarchy level are presented on a gross basis in the tables below. We have posted cash margin with various counterparties to support hedging and trading activities. The cash margin posted is required by counterparties as collateral deposits and cannot be offset against the fair value of open contracts except in the event of default. We have no derivative contracts that are subject to master netting arrangements that are reflected gross on the balance sheet. As of June 30 2018 Fair Value Hierarchy Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet Level 1 Level 2 Level 3 Assets: Money market funds $ 13,173 $ — $ — $ 13,173 N/A $ 13,173 Commodity contracts 65,389 5,999 — 71,388 (71,388 ) — Liabilities: Commodity contracts 75,477 37,397 — 112,874 (71,388 ) 41,486 Catalyst lease obligations — 45,430 — 45,430 — 45,430 Derivatives included with inventory intermediation agreement obligations — 10,259 — 10,259 — 10,259 As of December 31, 2017 Fair Value Hierarchy Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet Level 1 Level 2 Level 3 Assets: Money market funds $ 4,730 $ — $ — $ 4,730 N/A $ 4,730 Commodity contracts 10,031 357 — 10,388 (10,388 ) — Liabilities: Commodity contracts 51,673 33,035 — 84,708 (10,388 ) 74,320 Catalyst lease obligations — 59,048 — 59,048 — 59,048 Derivatives included with inventory intermediation agreement obligations — 7,721 — 7,721 — 7,721
Schedule of Effect of Significant Unobservable Inputs	The table below summarizes the changes in fair value measurements of commodity contracts categorized in Level 3 of the fair value hierarchy: Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Balance at beginning of period $ — $ — $ — $ (84 ) Purchases — — — — Settlements — — — 45 Unrealized gain included in earnings — — — 39 Transfers into Level 3 — — — — Transfers out of Level 3 — — — — Balance at end of period $ — $ — $ — $ —
Schedule of Fair value of Debt	The table below summarizes the fair value and carrying value of debt as of June 30, 2018 and December 31, 2017 . June 30, 2018 December 31, 2017 Carrying value Fair value Carrying value Fair value 2025 Senior Notes (a) $ 725,000 $ 763,255 $ 725,000 $ 763,945 2023 Senior Notes (a) 500,000 521,660 500,000 522,101 Revolving Credit Agreement (b) 350,000 350,000 350,000 350,000 PBF Rail Term Loan (b) 24,982 24,982 28,366 28,366 Catalyst leases (c) 45,430 45,430 59,048 59,048 1,645,412 1,705,327 1,662,414 1,723,460 Less - Current debt (c) (1,298 ) (1,298 ) (10,987 ) (10,987 ) Less - Unamortized deferred financing costs (33,653 ) n/a (25,178 ) n/a Long-term debt $ 1,610,461 $ 1,704,029 $ 1,626,249 $ 1,712,473 (a) The estimated fair value, categorized as a Level 2 measurement, was calculated based on the present value of future expected payments utilizing implied current market interest rates based on quoted prices of the 7.00% senior notes due 2023 and the 7.25% senior notes due 2025 (collectively, the “Senior Notes”). (b) The estimated fair value approximates carrying value, categorized as a Level 2 measurement, as these borrowings bear interest based upon short-term floating market interest rates. (c) Catalyst leases are valued using a market approach based upon commodity prices for similar instruments quoted in active markets and are categorized as a Level 2 measurement. The Company has elected the fair value option for accounting for its catalyst lease repurchase obligations as the Company’s liability is directly impacted by the change in fair value of the underlying catalyst. During 2017, Delaware City Refining entered into two platinum bridge leases which were settled as of June 30, 2018 and the Company entered into a new platinum bridge lease, which will expire in the first quarter of 2019. The total outstanding balance related to these bridge leases as of June 30, 2018 and December 31, 2017 was $1,298 and $10,987 , respectively, and is included in Current debt on the Company’s Condensed Consolidated balance sheet.

DERIVATIVES (Tables)

DERIVATIVES (Tables)	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Instruments	The following tables provide information about the fair values of these derivative instruments as of June 30, 2018 and December 31, 2017 and the line items in the condensed consolidated balance sheet in which the fair values are reflected. Description Balance Sheet Location Fair Value Asset/(Liability) Derivatives designated as hedging instruments: June 30, 2018: Derivatives included with the inventory intermediation agreement obligations Accrued expenses $ (10,259 ) December 31, 2017: Derivatives included with the inventory intermediation agreement obligations Accrued expenses $ (7,721 ) Derivatives not designated as hedging instruments: June 30, 2018: Commodity contracts Accrued expenses $ (41,486 ) December 31, 2017: Commodity contracts Accrued expenses $ (74,320 )
Schedule of Derivative Instruments, Gain (Loss) Recognized in Income	The following table provides information about the gains or losses recognized in income on these derivative instruments and the line items in the condensed consolidated statements of operations in which such gains and losses are reflected. Description Location of Gain or (Loss) Recognized in Income on Derivatives Gain or (Loss) Recognized in Income on Derivatives Derivatives designated as hedging instruments: For the three months ended June 30, 2018: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ 6,287 For the three months ended June 30, 2017: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ (20,017 ) For the six months ended June 30, 2018: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ (2,538 ) For the six months ended June 30, 2017: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ 3,107 Derivatives not designated as hedging instruments: For the three months ended June 30, 2018: Commodity contracts Cost of products and other $ (33,079 ) For the three months ended June 30, 2017: Commodity contracts Cost of products and other $ 14,293 For the six months ended June 30, 2018: Commodity contracts Cost of products and other $ (46,360 ) For the six months ended June 30, 2017: Commodity contracts Cost of products and other $ 14,684 Hedged items designated in fair value hedges: For the three months ended June 30, 2018: Intermediate and refined product inventory Cost of products and other $ (6,287 ) For the three months ended June 30, 2017: Intermediate and refined product inventory Cost of products and other $ 20,017 For the six months ended June 30, 2018: Intermediate and refined product inventory Cost of products and other $ 2,538 For the six months ended June 30, 2017: Intermediate and refined product inventory Cost of products and other $ (3,107 )

CONDENSED CONSOLIDATING FINAN29

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDINGS (Tables)	6 Months Ended
	Jun. 30, 2018
Condensed Financial Information of Subsidiary Disclosure [Abstract]
Condensed Consolidating Balance Sheet	CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING BALANCE SHEETS (UNAUDITED) June 30, 2018 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total ASSETS Current assets: Cash and cash equivalents $ 400,634 $ 16,243 $ 25,840 $ — $ 442,717 Accounts receivable 992,378 9,071 30,125 — 1,031,574 Accounts receivable - affiliate 2,727 3,292 726 — 6,745 Inventories 2,353,720 — 186,557 — 2,540,277 Prepaid and other current assets 18,953 30,848 1,483 — 51,284 Due from related parties 31,378,354 24,147,941 8,296,673 (63,822,968 ) — Total current assets 35,146,766 24,207,395 8,541,404 (63,822,968 ) 4,072,597 Property, plant and equipment, net 19,084 2,597,504 233,648 — 2,850,236 Investment in subsidiaries — 390,529 — (390,529 ) — Investment in equity method investee — — 169,038 — 169,038 Deferred charges and other assets, net 24,250 837,111 34 — 861,395 Total assets $ 35,190,100 $ 28,032,539 $ 8,944,124 $ (64,213,497 ) $ 7,953,266 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 508,073 $ 109,942 $ 16,878 $ — $ 634,893 Accounts payable - affiliate 30,042 1,431 — — 31,473 Accrued expenses 1,477,262 109,095 232,377 — 1,818,734 Current debt — 1,298 — — 1,298 Deferred revenue 3,630 20 7 — 3,657 Due to related parties 26,699,566 28,862,202 8,261,200 (63,822,968 ) — Note payable — 3,200 — — 3,200 Total current liabilities 28,718,573 29,087,188 8,510,462 (63,822,968 ) 2,493,255 Long-term debt 1,541,649 44,132 24,680 — 1,610,461 Deferred tax liabilities — — 28,502 — 28,502 Other long-term liabilities 30,979 196,643 4,145 — 231,767 Investment in subsidiaries 1,309,618 — — (1,309,618 ) — Total liabilities 31,600,819 29,327,963 8,567,789 (65,132,586 ) 4,363,985 Commitments and contingencies (Note 8) Equity: PBF Holding Company LLC equity Member’s equity 2,391,321 1,734,642 332,689 (2,067,331 ) 2,391,321 Retained earnings / (accumulated deficit) 1,213,798 (3,031,222 ) 43,646 2,987,576 1,213,798 Accumulated other comprehensive loss (26,654 ) (9,660 ) — 9,660 (26,654 ) Total PBF Holding Company LLC equity 3,578,465 (1,306,240 ) 376,335 929,905 3,578,465 Noncontrolling interest 10,816 10,816 — (10,816 ) 10,816 Total equity 3,589,281 (1,295,424 ) 376,335 919,089 3,589,281 Total liabilities and equity $ 35,190,100 $ 28,032,539 $ 8,944,124 $ (64,213,497 ) $ 7,953,266 13. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING BALANCE SHEETS (UNAUDITED) December 31, 2017 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total ASSETS Current assets: Cash and cash equivalents $ 486,568 $ 13,456 $ 26,136 $ — $ 526,160 Accounts receivable 903,298 7,605 40,226 — 951,129 Accounts receivable - affiliate 2,321 5,300 731 — 8,352 Inventories 1,982,315 — 231,482 — 2,213,797 Prepaid and other current assets 20,523 27,100 1,900 — 49,523 Due from related parties 28,632,914 23,302,660 6,820,693 (58,756,267 ) — Total current assets 32,027,939 23,356,121 7,121,168 (58,756,267 ) 3,748,961 Property, plant and equipment, net 21,785 2,547,229 236,376 — 2,805,390 Investment in subsidiaries — 413,136 — (413,136 ) — Investment in equity method investee — — 171,903 — 171,903 Deferred charges and other assets, net 30,141 749,749 34 — 779,924 Total assets $ 32,079,865 $ 27,066,235 $ 7,529,481 $ (59,169,403 ) $ 7,506,178 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 413,829 $ 137,149 $ 21,954 $ — $ 572,932 Accounts payable - affiliate 39,952 865 — — 40,817 Accrued expenses 1,409,212 122,722 268,925 — 1,800,859 Current debt — 10,987 — — 10,987 Deferred revenue 6,005 1,472 18 — 7,495 Note payable — 5,621 — — 5,621 Due to related parties 24,813,299 27,166,679 6,776,289 (58,756,267 ) — Total current liabilities 26,682,297 27,445,495 7,067,186 (58,756,267 ) 2,438,711 Long-term debt 1,550,206 48,024 28,019 — 1,626,249 Deferred tax liabilities — — 33,155 — 33,155 Other long-term liabilities 30,612 189,204 4,145 — 223,961 Investment in subsidiaries 632,648 — — (632,648 ) — Total liabilities 28,895,763 27,682,723 7,132,505 (59,388,915 ) 4,322,076 Commitments and contingencies (Note 8) Equity: PBF Holding Company LLC equity Member’s equity 2,359,791 1,731,268 343,940 (2,075,208 ) 2,359,791 Retained earnings / (accumulated deficit) 840,431 (2,348,904 ) 53,036 2,295,868 840,431 Accumulated other comprehensive loss (26,928 ) (9,660 ) — 9,660 (26,928 ) Total PBF Holding Company LLC equity 3,173,294 (627,296 ) 396,976 230,320 3,173,294 Noncontrolling interest 10,808 10,808 — (10,808 ) 10,808 Total equity 3,184,102 (616,488 ) 396,976 219,512 3,184,102 Total liabilities and equity $ 32,079,865 $ 27,066,235 $ 7,529,481 $ (59,169,403 ) $ 7,506,178
Condensed Income Statement	D CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) Three Months Ended June 30, 2018 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total Revenues $ 7,379,226 $ 342,061 $ 903,603 $ (1,184,420 ) $ 7,440,470 Cost and expenses: Cost of products and other 6,628,670 157,113 910,790 (1,184,420 ) 6,512,153 Operating expenses (excluding depreciation and amortization expense as reflected below) 11 394,759 7,981 — 402,751 Depreciation and amortization expense — 80,906 1,923 — 82,829 Cost of sales 6,628,681 632,778 920,694 (1,184,420 ) 6,997,733 General and administrative expenses (excluding depreciation and amortization expense as reflected below) 43,894 6,995 867 — 51,756 Depreciation and amortization expense 2,563 — — — 2,563 Equity income in investee — — (4,363 ) — (4,363 ) Loss on sale of assets — 594 — — 594 Total cost and expenses 6,675,138 640,367 917,198 (1,184,420 ) 7,048,283 Income (loss) from operations 704,088 (298,306 ) (13,595 ) — 392,187 Other income (expense): Equity in earnings of subsidiaries (304,211 ) (9,888 ) — 314,099 — Change in fair value of catalyst leases — 4,140 — — 4,140 Interest expense, net (32,248 ) (527 ) (277 ) — (33,052 ) Other non-service components of net periodic benefit cost (94 ) 370 1 — 277 Income (loss) before income taxes 367,535 (304,211 ) (13,871 ) 314,099 363,552 Income tax benefit — — (3,983 ) — (3,983 ) Net income (loss) 367,535 (304,211 ) (9,888 ) 314,099 367,535 Less: net income attributable to noncontrolling interests 76 76 — (76 ) 76 Net income (loss) attributable to PBF Holding Company LLC $ 367,459 $ (304,287 ) $ (9,888 ) $ 314,175 $ 367,459 Comprehensive income (loss) attributable to PBF Holding Company LLC $ 367,479 $ (304,287 ) $ (9,888 ) $ 314,175 $ 367,479 13. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) Three Months Ended June 30, 2017 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total Revenues $ 4,928,464 $ 134,566 $ 512,262 $ (562,041 ) $ 5,013,251 Cost and expenses: Cost of products and other 4,703,574 32,288 489,012 (562,041 ) 4,662,833 Operating expenses (excluding depreciation and amortization expense as reflected below) (326 ) 389,804 9,007 — 398,485 Depreciation and amortization expense — 55,076 1,897 — 56,973 Cost of sales 4,703,248 477,168 499,916 (562,041 ) 5,118,291 General and administrative expenses (excluding depreciation and amortization expense as reflected below) 28,827 6,286 (209 ) — 34,904 Depreciation and amortization expense 6,020 — — — 6,020 Equity income in investee — — (3,820 ) — (3,820 ) Loss on sale of assets — 29 — — 29 Total cost and expenses 4,738,095 483,483 495,887 (562,041 ) 5,155,424 Income (loss) from operations 190,369 (348,917 ) 16,375 — (142,173 ) Other income (expense): Equity in (loss) earnings of subsidiaries (338,171 ) 1,442 — 336,729 — Change in fair value of catalyst leases — 1,104 — — 1,104 Debt extinguishment costs (25,451 ) — — — (25,451 ) Interest expense, net (32,108 ) (480 ) (269 ) — (32,857 ) Other non-service components of net periodic benefit cost (16 ) (85 ) — — (101 ) Income (loss) before income taxes (205,377 ) (346,936 ) 16,106 336,729 (199,478 ) Income tax expense — — 5,898 — 5,898 Net income (loss) (205,377 ) (346,936 ) 10,208 336,729 (205,376 ) Less: net income attributable to noncontrolling interests 267 267 — (267 ) 267 Net income (loss) attributable to PBF Holding Company LLC $ (205,644 ) $ (347,203 ) $ 10,208 $ 336,996 $ (205,643 ) Comprehensive income (loss) attributable to PBF Holding Company LLC $ (205,314 ) $ (347,203 ) $ 10,208 $ 336,996 $ (205,313 ) 13. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) Six Months Ended June 30, 2018 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total Revenues $ 13,113,901 $ 1,053,783 $ 1,589,206 $ (2,516,819 ) $ 13,240,071 Cost and expenses: Cost of products and other 11,866,752 761,445 1,590,381 (2,516,819 ) 11,701,759 Operating expenses (excluding depreciation and amortization expense as reflected below) 31 799,783 14,384 — 814,198 Depreciation and amortization expense — 155,764 3,843 — 159,607 Cost of sales 11,866,783 1,716,992 1,608,608 (2,516,819 ) 12,675,564 General and administrative expenses (excluding depreciation and amortization expense as reflected below) 94,863 12,984 2,179 — 110,026 Depreciation and amortization expense 5,277 — — — 5,277 Equity income in investee — — (8,385 ) — (8,385 ) Loss on sale of assets — 673 — — 673 Total cost and expenses 11,966,923 1,730,649 1,602,402 (2,516,819 ) 12,783,155 Income (loss) from operations 1,146,978 (676,866 ) (13,196 ) — 456,916 Other income (expense): Equity in loss of subsidiaries (681,957 ) (9,049 ) — 691,006 — Change in fair value of catalyst leases — 4,153 — — 4,153 Interest expense, net (64,894 ) (932 ) (540 ) — (66,366 ) Other non-service components of net periodic benefit cost (185 ) 737 3 — 555 Income (loss) before income taxes 399,942 (681,957 ) (13,733 ) 691,006 395,258 Income tax benefit — — (4,684 ) — (4,684 ) Net income (loss) 399,942 (681,957 ) (9,049 ) 691,006 399,942 Less: net income attributable to noncontrolling interests 8 8 — (8 ) 8 Net income (loss) attributable to PBF Holding Company LLC $ 399,934 $ (681,965 ) $ (9,049 ) $ 691,014 $ 399,934 Comprehensive income (loss) attributable to PBF Holding Company LLC $ 400,208 $ (681,965 ) $ (9,049 ) $ 691,014 $ 400,208 13. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) Six Months Ended June 30, 2017 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total Revenues $ 9,654,243 $ 760,335 $ 1,042,167 $ (1,693,296 ) $ 9,763,449 Cost and expenses: Cost of products and other 9,064,194 530,062 1,013,627 (1,693,296 ) 8,914,587 Operating expenses (excluding depreciation and amortization expense as reflected below) (331 ) 819,249 16,335 — 835,253 Depreciation and amortization expense — 107,123 3,778 — 110,901 Cost of sales 9,063,863 1,456,434 1,033,740 (1,693,296 ) 9,860,741 General and administrative expenses (excluding depreciation and amortization expense as reflected below) 62,506 13,451 (590 ) — 75,367 Depreciation and amortization expense 7,782 — — — 7,782 Equity income in investee — — (7,419 ) — (7,419 ) Loss on sale of assets — 912 — — 912 Total cost and expenses 9,134,151 1,470,797 1,025,731 (1,693,296 ) 9,937,383 Income (loss) from operations 520,092 (710,462 ) 16,436 — (173,934 ) Other income (expense): Equity in (loss) earnings of subsidiaries (703,300 ) 3,335 — 699,965 — Change in fair value of catalyst leases — (1,484 ) — — (1,484 ) Debt extinguishment costs (25,451 ) — — — (25,451 ) Interest expense, net (62,226 ) (838 ) (449 ) — (63,513 ) Other non-service components of net periodic benefit cost (32 ) (170 ) — — (202 ) Income (loss) before income taxes (270,917 ) (709,619 ) 15,987 699,965 (264,584 ) Income tax expense — — 6,332 — 6,332 Net income (loss) (270,917 ) (709,619 ) 9,655 699,965 (270,916 ) Less: net income attributable to noncontrolling interests 380 380 — (380 ) 380 Net income (loss) attributable to PBF Holding Company LLC $ (271,297 ) $ (709,999 ) $ 9,655 $ 700,345 $ (271,296 ) Comprehensive income (loss) attributable to PBF Holding Company LLC $ (270,646 ) $ (709,999 ) $ 9,655 $ 700,345 $ (270,645 )
Condensed Consolidating Statement of Cash Flow	CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (UNAUDITED) Six Months Ended June 30, 2018 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total Cash flows from operating activities: Net income (loss) $ 399,942 $ (681,957 ) $ (9,049 ) $ 691,006 $ 399,942 Adjustments to reconcile net income (loss) to net cash (used in) provided by operations: Depreciation and amortization 8,417 155,805 3,888 — 168,110 Stock-based compensation — 9,520 — — 9,520 Change in fair value of catalyst leases — (4,153 ) — — (4,153 ) Deferred income taxes — — (4,653 ) — (4,653 ) Non-cash change in inventory repurchase obligations 2,538 — — — 2,538 Non-cash lower of cost or market inventory adjustment (245,655 ) — — — (245,655 ) Pension and other post-retirement benefit costs 3,482 20,209 — — 23,691 Income from equity method investee — — (8,385 ) — (8,385 ) Distributions from equity method investee — — 8,385 — 8,385 Loss on sale of assets — 673 — — 673 Equity in earnings of subsidiaries 681,957 9,049 — (691,006 ) — Changes in operating assets and liabilities: Accounts receivable (89,080 ) (1,466 ) 10,101 — (80,445 ) Due to/from affiliates (866,193 ) 849,520 8,936 — (7,737 ) Inventories (125,750 ) — 44,925 — (80,825 ) Prepaid and other current assets 1,572 (3,750 ) 417 — (1,761 ) Accounts payable 94,244 (24,915 ) (5,076 ) — 64,253 Accrued expenses 61,061 (23,450 ) (36,701 ) — 910 Deferred revenue (2,375 ) (1,452 ) (11 ) — (3,838 ) Other assets and liabilities 8,585 (7,018 ) (11,592 ) — (10,025 ) Net cash (used in) provided by operations (67,255 ) 296,615 1,185 — 230,545 Cash flows from investing activities: Expenditures for property, plant and equipment (2,575 ) (106,633 ) (961 ) — (110,169 ) Expenditures for deferred turnaround costs — (179,194 ) — — (179,194 ) Expenditures for other assets — (12,357 ) — — (12,357 ) Equity method investment - return of capital — — 2,865 — 2,865 Due to/from affiliates (13 ) — — 13 — Net cash (used in) provided by investing activities (2,588 ) (298,184 ) 1,904 13 (298,855 ) Cash flows from financing activities: Contributions from PBF LLC 22,000 — — — 22,000 Distribution to members (26,567 ) — — — (26,567 ) Repayments of PBF Rail Term Loan — — (3,385 ) — (3,385 ) Repayment of note payable — (2,421 ) — — (2,421 ) Catalyst lease settlements — (9,466 ) — — (9,466 ) Due to/from affiliates — 13 — (13 ) — Proceeds from insurance premium financing 1,168 16,230 — — 17,398 Deferred financing cost and other (12,692 ) — — — (12,692 ) Net cash (used in) provided by financing activities (16,091 ) 4,356 (3,385 ) (13 ) (15,133 ) Net (decrease) increase in cash and cash equivalents (85,934 ) 2,787 (296 ) — (83,443 ) Cash and cash equivalents, beginning of period 486,568 13,456 26,136 — 526,160 Cash and cash equivalents, end of period $ 400,634 $ 16,243 $ 25,840 $ — $ 442,717 13. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (UNAUDITED) Six Months Ended June 30, 2017 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total Cash flows from operating activities: Net income (loss) $ (270,917 ) $ (709,619 ) $ 9,655 $ 699,965 $ (270,916 ) Adjustments to reconcile net income (loss) to net cash (used in) provided by operations: Depreciation and amortization 11,597 107,429 3,823 — 122,849 Stock-based compensation — 10,134 — — 10,134 Change in fair value of catalyst leases — 1,484 — — 1,484 Deferred income taxes — — 5,123 — 5,123 Non-cash change in inventory repurchase obligations (3,107 ) — — — (3,107 ) Non-cash lower of cost or market inventory adjustment 167,134 — — — 167,134 Debt extinguishment costs 25,451 — — — 25,451 Pension and other post-retirement benefit costs 3,304 17,817 — — 21,121 Income from equity method investee — — (7,419 ) — (7,419 ) Distributions from equity method investee — — 12,254 — 12,254 Loss on sale of assets — 912 — — 912 Equity in earnings (loss) of subsidiaries 703,300 (3,335 ) — (699,965 ) — Changes in operating assets and liabilities: Accounts receivable 21,334 3,501 (18,714 ) — 6,121 Due to/from affiliates (1,111,279 ) 1,029,667 68,107 — (13,505 ) Inventories (141,219 ) — (37,519 ) — (178,738 ) Prepaid and other current assets (3,314 ) (14,716 ) (8 ) — (18,038 ) Accounts payable (120,026 ) (24,140 ) (2,116 ) 1,463 (144,819 ) Accrued expenses 178,794 (42,903 ) (29,818 ) — 106,073 Deferred revenue (6,002 ) (1,418 ) 12 — (7,408 ) Other assets and liabilities (15,218 ) (13,881 ) (11,426 ) — (40,525 ) Net cash (used in) provided by operations (560,168 ) 360,932 (8,046 ) 1,463 (205,819 ) Cash flows from investing activities: Expenditures for property, plant and equipment (287 ) (179,019 ) (269 ) — (179,575 ) Expenditures for deferred turnaround costs — (214,375 ) — — (214,375 ) Expenditures for other assets — (23,747 ) — — (23,747 ) Net cash used in investing activities (287 ) (417,141 ) (269 ) — (417,697 ) Cash flows from financing activities: Contributions from PBF LLC 97,000 — — — 97,000 Distributions to members (5,252 ) — — — (5,252 ) Proceeds from 2025 Senior Notes 725,000 — — — 725,000 Cash paid to extinguish 2020 Senior Secured Notes (690,209 ) — — — (690,209 ) Repayments of PBF Rail Term Loan — — (3,295 ) — (3,295 ) Proceeds from revolver borrowings 290,000 — — — 290,000 Repayments of revolver borrowings (290,000 ) — — — (290,000 ) Due to/from affiliates (5,453 ) 5,453 — — — Deferred financing costs and other (12,414 ) — — — (12,414 ) Net cash provided by (used in) financing activities 108,672 5,453 (3,295 ) — 110,830 Net (decrease) increase in cash and cash equivalents (451,783 ) (50,756 ) (11,610 ) 1,463 (512,686 ) Cash and cash equivalents, beginning of period 530,085 56,717 41,366 (1,463 ) 626,705 Cash and cash equivalents, end of period $ 78,302 $ 5,961 $ 29,756 $ — $ 114,019

DESCRIPTION OF THE BUSINESS A30

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)segment	Jun. 30, 2017USD ($)	Dec. 31, 2017
Description of Business [Line Items]
Other non-service component of net periodic benefit costs	$ 277	$ (101)	$ 555	$ (202)
Cost of products and other	6,512,153	4,662,833	$ 11,701,759	8,914,587
Number of Reportable Segments | segment			1
Less: net income attributable to noncontrolling interests	76	267	$ 8	380
Income tax (benefit) expense	(3,983)	5,898	(4,684)	6,332
Operating expenses (excluding depreciation and amortization expense as reflected below)	402,751	398,485	814,198	835,253
Depreciation and amortization expense	82,829	56,973	159,607	110,901
Cost of Revenue	6,997,733	5,118,291	12,675,564	9,860,741
General and administrative expenses (excluding depreciation and amortization expense as reflected below)	51,756	34,904	110,026	75,367
Depreciation and amortization expense	2,563	6,020	5,277	7,782
Income from equity method investee	4,363	3,820	8,385	7,419
Loss on sale of assets	594	29	673	912
Costs and Expenses	$ 7,048,283	5,155,424	$ 12,783,155	9,937,383
PBF Energy [Member] | Class A Common Stock [Member]
Description of Business [Line Items]
Percentage of ownership in PBF LLC	99.00%		99.00%		96.70%
Torrance Valley Pipeline Company [Member]
Description of Business [Line Items]
Ownership percentage	50.00%		50.00%
Scenario, Previously Reported [Member]
Description of Business [Line Items]
Cost of products and other		4,662,833		8,914,587
Operating expenses (excluding depreciation and amortization expense as reflected below)		398,485		835,253
Depreciation and amortization expense		0
General and administrative expenses (excluding depreciation and amortization expense as reflected below)		34,904		75,367
Depreciation and amortization expense		62,993		118,683
Income from equity method investee		(3,820)		(7,419)
Loss on sale of assets		(29)		(912)
Costs and Expenses		5,155,424		9,937,383
Scenario, Adjustment [Member]
Description of Business [Line Items]
Cost of products and other		0
Operating expenses (excluding depreciation and amortization expense as reflected below)		0
Depreciation and amortization expense		56,973		110,901
General and administrative expenses (excluding depreciation and amortization expense as reflected below)		0
Depreciation and amortization expense		(56,973)		$ (110,901)
Income from equity method investee		0
Loss on sale of assets		$ 0

REVENUES (Details)

REVENUES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Revenues	$ 7,440,470	$ 5,013,251	$ 13,240,071	$ 9,763,449
Deferred revenue	3,657		3,657		$ 7,495
Gasoline And Distillate [Member]
Revenues	6,341,757	4,154,375	11,336,077	8,243,186
Other Refining and Marketing [Member]
Revenues	404,197	310,951	642,906	535,361
Asphalt and Residual Oil [Member]
Revenues	397,203	287,731	706,064	472,859
Chemicals [Member]
Revenues	202,552	179,076	378,660	363,499
Lubricants [Member]
Revenues	$ 94,761	$ 81,118	$ 176,364	$ 148,544

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Inventory [Line Items]
Crude oil and feedstocks	$ 1,159,842		$ 1,159,842			$ 1,073,093
Refined products and blendstocks	1,332,170		1,332,170			1,342,294
Warehouse stock and other	103,066		103,066			98,866
Inventory, Gross	2,595,078		2,595,078			2,514,253
Lower of cost or market adjustment	(54,801)	$ 763,122	(54,801)	$ 763,122	$ (212,803)	(300,456)	$ 612,027	$ 595,988
Inventories	2,540,277		2,540,277			2,213,797
Operating Income (Loss)	(392,187)	142,173	(456,916)	173,934
Net income (loss)	367,535	(205,376)	399,942	(270,916)
Titled Inventory [Member]
Inventory [Line Items]
Crude oil and feedstocks	1,159,842		1,159,842			1,073,093
Refined products and blendstocks	1,036,028		1,036,028			1,030,817
Warehouse stock and other	103,066		103,066			98,866
Inventory, Gross	2,298,936		2,298,936			2,202,776
Lower of cost or market adjustment	(11,751)		(11,751)			(232,652)
Inventories	2,287,185		2,287,185			1,970,124
Inventory Supply and Offtake Arrangements [Member]
Inventory [Line Items]
Crude oil and feedstocks	0		0			0
Refined products and blendstocks	296,142		296,142			311,477
Warehouse stock and other	0		0			0
Inventory, Gross	296,142		296,142			311,477
Lower of cost or market adjustment	(43,050)		(43,050)			(67,804)
Inventories	253,092		253,092			$ 243,673
Scenario, Adjustment [Member]
Inventory [Line Items]
Operating Income (Loss)	$ (158,002)	$ (151,095)	$ (245,655)	$ (167,134)

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Accrued Expenses:
Inventory-related accruals	$ 1,138,913	$ 1,151,810
Inventory intermediation agreements	227,740	244,287
Excise and sales tax payable	176,557	118,515
Accrued transportation costs	53,464	64,400
Renewable energy credit and emissions obligations	52,390	26,231
Accrued utilities	31,647	42,189
Accrued salaries and benefits	30,347	58,589
Accrued refinery maintenance and support costs	25,578	35,674
Customer deposits	22,670	16,133
Accrued capital expenditures	14,371	17,342
Accrued interest	10,516	9,466
Environmental liabilities	6,940	7,968
Other	27,601	8,255
Total accrued expenses	$ 1,818,734	$ 1,800,859

DEBT (Details)

DEBT (Details) - USD ($)	May 02, 2018	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Note payable		$ 3,200,000	$ 5,621,000
2025 Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		7.25%
2023 Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		7.00%
Revolving Credit Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Long-term Line of Credit		$ 350,000,000	$ 350,000,000
Revolving Credit Facility [Member] | Line of Credit [Member] | Maximum [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	$ 3,400,000,000
Line of Credit Facility, Commitment Fee Percentage	0.25%
Revolving Credit Facility [Member] | Line of Credit [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Revolving Credit Facility [Member] | Line of Credit [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.25%
Revolving Credit Facility [Member] | Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Revolving Credit Facility [Member] | Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Revolving Credit Facility [Member] | Line of Credit [Member] | Company Credit Rating [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Revolving Credit Facility [Member] | Line of Credit [Member] | Company Credit Rating [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Revolving Credit Facility [Member] | Accordion Feature [Member] | Maximum [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	$ 3,500,000,000

INCOME TAXES Income Taxes (Deta

INCOME TAXES Income Taxes (Details) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2015subsidiary	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
Income Taxes [Line Items]
Number Of Subsidiaries Acquired | subsidiary			2
Current Income Tax Expense (Benefit)	$ (26)	$ 737		$ (31)	$ 1,209
Deferred income taxes	(3,957)	5,161		(4,653)	5,123
Income tax (benefit) expense	$ (3,983)	$ 5,898		$ (4,684)	$ 6,332

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Thousands	Apr. 16, 2018USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
PBFX Operating Company LP [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction				$ 11,600
PBF Logistics LP [Member] | Cost of Sales [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction		$ 63,785	$ 58,355	124,649	$ 114,557
PBF Logistics LP [Member] | General and Administrative Expense [Member] | Omnibus Agreement [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction		1,737	1,630	3,437	3,284
PBF Logistics LP [Member] | General and Administrative Expense [Member] | Services Agreement [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction		$ 1,674	$ 1,661	$ 3,348	$ 3,279
Knoxville Terminals Purchase [Member]
Related Party Transaction [Line Items]
Number Of Refined Product Terminals Acquired	2
Knoxville Terminals [Member] | PBF Logistics LP [Member]
Related Party Transaction [Line Items]
Term of Agreement	5 years
Term of Renewal	1 year
Agreement Period One [Member] | Knoxville Terminals [Member] | PBF Logistics LP [Member]
Related Party Transaction [Line Items]
Oil and Gas Plant, Collaborative Agreement, Minimum Revenue Commitment	894
Agreement Period Two [Member] | Knoxville Terminals [Member] | PBF Logistics LP [Member]
Related Party Transaction [Line Items]
Oil and Gas Plant, Collaborative Agreement, Minimum Revenue Commitment	1,788
Agreement Period Three [Member] | Knoxville Terminals [Member] | PBF Energy Limited [Member]
Related Party Transaction [Line Items]
Oil and Gas Plant, Collaborative Agreement, Minimum Revenue Commitment	2,683

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	May 18, 2018USD ($)	Feb. 01, 2018USD ($)	Jan. 13, 2017group	Jul. 01, 2016USD ($)	Mar. 01, 2011	Jun. 30, 2018USD ($)ppm	Dec. 31, 2010ppm	Dec. 31, 2017USD ($)
Loss Contingencies [Line Items]
Percent of tax benefit received from increases in tax basis paid to stockholders						85.00%
Class A Common Stock [Member] | PBF Energy [Member]
Loss Contingencies [Line Items]
Percentage of ownership in PBF LLC						99.00%		96.70%
Environmental Issue [Member]
Loss Contingencies [Line Items]
Environmental liability						$ 11,448,000		$ 10,282,000
Discount rate used for environmental liability assessment						8.00%
Loss Contingency, Number Of Environmental Groups Appealing Permits | group			2
Maximum amount of sulfur allowed in heating oil (in ppm) | ppm						10
Public Utilities, Description of Specific Regulatory Liabilities						80
Environmental Issue [Member] | New York [Member]
Loss Contingencies [Line Items]
Maximum amount of sulfur allowed in heating oil (in ppm) | ppm							15
Environmental Issue [Member] | PENNSYLVANIA
Loss Contingencies [Line Items]
Maximum amount of sulfur allowed in heating oil (in ppm) | ppm							500
Environmental Issue [Member] | Chalmette Refinery [Member]
Loss Contingencies [Line Items]
Term of insurance policies						10 years
Environmental Costs Recognized, Recovery Credited to Expense						$ 3,936,000
Accrual For Environmental Loss Contingencies, Expected Payment Period						30 years
Environmental Insurance Policies Coverage						$ 100,000,000
Environmental Issue [Member] | Valero [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Site Contingency, Loss Exposure Not Accrued, Best Estimate						$ 20,000,000
Environmental Issue [Member] | PBF Energy and Valero [Member]
Loss Contingencies [Line Items]
Term of insurance policies						10 years
Environmental Issue [Member] | PBF Energy and Valero [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Site Contingency, Loss Exposure Not Accrued, Best Estimate						$ 75,000,000
Environmental Issue [Member] | Sunoco, Inc. [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual, Insurance-Related Assessment, Expiration Of Liability Period					20 years
Environmental Issue [Member] | Torrance Refinery [Member]
Loss Contingencies [Line Items]
Environmental liability						133,928,000		$ 136,487,000
Term of insurance policies				10 years
Environmental Issue [Member] | Torrance Refinery [Member] | California Department of Toxic Substance Control [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value						150,000
Environmental Issue [Member] | Torrance Refinery [Member] | Other [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value						100,000
Environmental Issue [Member] | Torrance Refinery [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Site Contingency, Loss Exposure Not Accrued, Best Estimate				$ 100,000,000
Environmental Remediation Contingency [Domain] | Settled Litigation [Member] | Louisiana Department of Environmental Quality [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 741,000
Loss Contingency, Damages Paid, Value	$ 100,000
Environmental Remediation Contingency [Domain] | Pending Litigation [Member] | Environmental Protection Agency [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value		$ 645,000
Environmental Remediation Contingency [Domain] | Pending Litigation [Member] | SCAQMD [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value						$ 150,000

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Defined Benefit Plan Disclosure [Line Items]
Other non-service component of net periodic benefit costs	$ 277	$ (101)	$ 555	$ (202)
Pension Plan, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	11,836	10,144	23,672	20,287
Interest cost	1,449	1,084	2,896	2,168
Expected return on plan assets	(2,136)	(1,442)	(4,270)	(2,884)
Amortization of prior service cost	22	13	43	26
Amortization of actuarial loss	72	113	143	226
Net periodic benefit cost	11,243	9,912	22,484	19,823
Post Retirement Medical Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	287	316	574	632
Interest cost	155	172	310	344
Amortization of prior service cost	161	161	323	322
Net periodic benefit cost	$ 603	$ 649	$ 1,207	$ 1,298

FAIR VALUE MEASUREMENTS (Measur

FAIR VALUE MEASUREMENTS (Measured on Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	$ 9,464	$ 9,593
Inventory Supply Arrangement Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	10,259	7,721
Derivative, Collateral, Right to Reclaim Cash	0	0
Derivative Liability	10,259	7,721
Inventory Supply Arrangement Obligation [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	0	0
Inventory Supply Arrangement Obligation [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	10,259	7,721
Inventory Supply Arrangement Obligation [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	0	0
Catalyst lease [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, Collateral, Right to Reclaim Cash	0	0
Catalyst lease obligations	45,430	59,048
Catalyst lease [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Catalyst lease obligations	0	0
Catalyst lease [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Catalyst lease obligations	45,430	59,048
Catalyst lease [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Catalyst lease obligations	0	0
Commodity contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	112,874	84,708
Derivative, Collateral, Right to Reclaim Cash	(71,388)	(10,388)
Derivative Liability	41,486	74,320
Commodity contract [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	75,477
Derivative Liability		51,673
Commodity contract [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	37,397
Derivative Liability		33,035
Commodity contract [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	0
Derivative Liability		0
Money market funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	13,173	4,730
Money market funds [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	13,173	4,730
Money market funds [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Money market funds [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Commodity contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	71,388	10,388
Derivative assets, Effect of Counter-party Netting	(71,388)	(10,388)
Derivative assets, Net Carrying Value on Balance Sheet	0	0
Commodity contract [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	65,389
Derivative assets, Net Carrying Value on Balance Sheet		10,031
Commodity contract [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	5,999
Derivative assets, Net Carrying Value on Balance Sheet		357
Commodity contract [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	$ 0
Derivative assets, Net Carrying Value on Balance Sheet		$ 0

FAIR VALUE MEASUREMENTS (Change

FAIR VALUE MEASUREMENTS (Change in Fair Value at Level 3) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Change in Fair Value Measurement Categorized in Level 3 [Roll Forward]
Transfers into Level 3	$ 0	$ 0	$ 0	$ 0
Commodity Contract [Member]
Change in Fair Value Measurement Categorized in Level 3 [Roll Forward]
Balance at beginning of period	0	0	0	(84,000)
Purchases	0	0	0	0
Settlements	0	0	0	45,000
Unrealized loss included in earnings	0	0	0	39,000
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Balance at end of period	$ 0	$ 0	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Fair V

FAIR VALUE MEASUREMENTS (Fair Value and Carrying Value of Debt) (Details)	12 Months Ended
	Dec. 31, 2017USD ($)lease	Jun. 30, 2018USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, Fair value	$ 1,723,460,000	$ 1,705,327,000
Long-term Debt, Gross	1,662,414,000	1,645,412,000
Current portion of long-term debt	10,987,000	1,298,000
Long-Term Debt And Capital Lease Obligations, Current, Fair Value Disclosure	10,987,000	1,298,000
Unamortized Debt Issuance Expense	$ (25,178,000)	(33,653,000)
Number Of Platinum Leases Entered Into During Period | lease	2
Long-term debt	$ 1,626,249,000	1,610,461,000
Long-term debt, excluding current maturities, Fair value	1,712,473,000	1,704,029,000
Senior secured notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Lines of Credit, Fair Value Disclosure	350,000,000	350,000,000
2023 Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, Carrying value	500,000,000	500,000,000
Long-term debt, Fair value	522,101,000	521,660,000
2025 Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, Carrying value	725,000,000	725,000,000
Long-term debt, Fair value	763,945,000	763,255,000
Catalyst lease [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, Fair value	59,048,000	45,430,000
Revolving Credit Facility [Member] | Line of Credit [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Line of Credit	350,000,000	350,000,000
PBF Rail Logistics Company LLC [Member] | Notes Payable to Banks [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, Carrying value	28,366,000	24,982,000
Long-term debt, Fair value	28,366,000	24,982,000
Catalyst lease [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Capital Lease Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, Carrying value	$ 59,048,000	$ 45,430,000
2023 Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument, interest rate		7.00%
2025 Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument, interest rate		7.25%

DERIVATIVES (Narrative) (Detail

DERIVATIVES (Narrative) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)bbl	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)bbl	Jun. 30, 2017USD ($)	Dec. 31, 2017bbl
Derivative [Line Items]
Loss on fair value hedge ineffectiveness | $	$ 0	$ 0	$ 0	$ 0
Intermediates and Refined Products Inventory [Member] | Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, notional amount, volume	2,868,426		2,868,426		3,000,142
Crude Oil Commodity Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, notional amount, volume	22,752,000		22,752,000		22,348,000
Refined Product Commodity Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, notional amount, volume	5,293,000		5,293,000		1,989,000

DERIVATIVES (Fair Value of Deri

DERIVATIVES (Fair Value of Derivative Instruments) (Details) - Accrued Expenses [Member] - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Designated as Hedging Instrument [Member] | Inventory Intermediation Agreement Obligation [Member]
Derivatives, Fair Value [Line Items]
Fair Value Asset/(Liability)	$ (10,259)	$ (7,721)
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member]
Derivatives, Fair Value [Line Items]
Fair Value Asset/(Liability)	$ (41,486)	$ (74,320)

DERIVATIVES (Gain (Loss) Recogn

DERIVATIVES (Gain (Loss) Recognized in Income) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	$ 0	$ 0	$ 0	$ 0
Designated as Hedging Instrument [Member] | Inventory Intermediation Agreement Obligation [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) Recognized in Income on Derivatives	6,287,000	(20,017,000)	(2,538,000)	3,107,000
Designated as Hedging Instrument [Member] | Intermediates and Refined Products Inventory [Member] | Cost of Sales [Member] | Fair Value Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) Recognized in Income on Derivatives	(6,287,000)	20,017,000	2,538,000	(3,107,000)
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) Recognized in Income on Derivatives	$ (33,079,000)	$ 14,293,000	$ (46,360,000)	$ 14,684,000

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Thousands	Aug. 02, 2018	Jul. 31, 2018	Jun. 30, 2018	Jun. 30, 2017
Subsequent Event [Line Items]
Payments to Acquire Property, Plant, and Equipment			$ 110,169	$ 179,575
Subsequent Event [Member] | PBF LLC [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Shares, New Issues		1,494,134
Subsequent Event [Member] | Development Assets Acquisition [Member]
Subsequent Event [Line Items]
Payments to Acquire Property, Plant, and Equipment		$ 32
Subsequent Event [Member] | PBF Energy [Member] | Class A Common Stock [Member]
Subsequent Event [Line Items]
Dividends declared per share	$ 0.3

CONDENSED CONSOLIDATING FINAN46

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDINGS (Narrative) (Details)	6 Months Ended
	Jun. 30, 2018
PBF Services Company [Member]
Condensed Financial Statements, Captions [Line Items]
Percentage of ownership in subsidiaries	100.00%
Delaware City Refining Company LLC [Member]
Condensed Financial Statements, Captions [Line Items]
Percentage of ownership in subsidiaries	100.00%
Delaware Pipeline Company LLC [Member]
Condensed Financial Statements, Captions [Line Items]
Percentage of ownership in subsidiaries	100.00%
PBF Power Marketing LLC [Member]
Condensed Financial Statements, Captions [Line Items]
Percentage of ownership in subsidiaries	100.00%
Paulsboro Refining Company LLC [Member]
Condensed Financial Statements, Captions [Line Items]
Percentage of ownership in subsidiaries	100.00%
Paulsboro Natural Gas Pipeline Company LLC [Member]
Condensed Financial Statements, Captions [Line Items]
Percentage of ownership in subsidiaries	100.00%
Toledo Refining Company LLC [Member]
Condensed Financial Statements, Captions [Line Items]
Percentage of ownership in subsidiaries	100.00%
Investments LLC [Member]
Condensed Financial Statements, Captions [Line Items]
Percentage of ownership in subsidiaries	100.00%
Torrance Valley Pipeline Company [Member]
Condensed Financial Statements, Captions [Line Items]
Ownership percentage	50.00%

CONDENSED CONSOLIDATING FINAN47

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDINGS (Balance Sheet) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 442,717	$ 526,160	$ 114,019	$ 114,019	$ 626,705
Accounts receivable	1,031,574	951,129
Accounts receivable - affiliate	6,745	8,352
Inventories	2,540,277	2,213,797
Prepaid and other current assets	51,284	49,523
Due from related parties	0	0
Total current assets	4,072,597	3,748,961
Property, plant and equipment, net	2,850,236	2,805,390
Investment in subsidiaries	0	0
Investment in equity method investee	169,038	171,903
Deferred charges and other assets, net	861,395	779,924
Total assets	7,953,266	7,506,178
Current liabilities:
Accounts payable	634,893	572,932
Accounts payable - affiliate	31,473	40,817
Accrued expenses	1,818,734	1,800,859
Current portion of long-term debt	1,298	10,987
Deferred revenue	3,657	7,495
Due to related parties	0	0
Total current liabilities	2,493,255	2,438,711
Long-term debt	1,610,461	1,626,249
Deferred tax liabilities	28,502	33,155
Investment in subsidiaries	0
Other long-term liabilities	231,767	223,961
Due to Related Parties, Noncurrent		0
Total liabilities	4,363,985	4,322,076
Commitments and contingencies
Equity:
Member’s equity	2,391,321	2,359,791
Retained earnings / (accumulated deficit)	1,213,798	840,431
Accumulated other comprehensive loss	(26,654)	(26,928)
Total PBF Holding Company LLC equity	3,578,465	3,173,294
Noncontrolling interest	10,816	10,808
Total equity	3,589,281	3,184,102
Total liabilities and equity	7,953,266	7,506,178
Note payable	3,200	5,621
Issuer [Member]
Current assets:
Cash and cash equivalents	400,634	486,568		78,302	530,085
Accounts receivable	992,378	903,298
Accounts receivable - affiliate	2,727	2,321
Inventories	2,353,720	1,982,315
Prepaid and other current assets	18,953	20,523
Due from related parties	31,378,354	28,632,914
Total current assets	35,146,766	32,027,939
Property, plant and equipment, net	19,084	21,785
Investment in subsidiaries	0	0
Investment in equity method investee	0	0
Deferred charges and other assets, net	24,250	30,141
Total assets	35,190,100	32,079,865
Current liabilities:
Accounts payable	508,073	413,829
Accounts payable - affiliate	30,042	39,952
Accrued expenses	1,477,262	1,409,212
Current portion of long-term debt	0	0
Deferred revenue	3,630	6,005
Due to related parties	26,699,566	24,813,299
Total current liabilities	28,718,573	26,682,297
Long-term debt	1,541,649	1,550,206
Deferred tax liabilities	0	0
Investment in subsidiaries	1,309,618
Other long-term liabilities	30,979	30,612
Due to Related Parties, Noncurrent		632,648
Total liabilities	31,600,819	28,895,763
Commitments and contingencies
Equity:
Member’s equity	2,391,321	2,359,791
Retained earnings / (accumulated deficit)	1,213,798	840,431
Accumulated other comprehensive loss	(26,654)	(26,928)
Total PBF Holding Company LLC equity	3,578,465	3,173,294
Noncontrolling interest	10,816	10,808
Total equity	3,589,281	3,184,102
Total liabilities and equity	35,190,100	32,079,865
Note payable	0	0
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	16,243	13,456		5,961	56,717
Accounts receivable	9,071	7,605
Accounts receivable - affiliate	3,292	5,300
Inventories	0	0
Prepaid and other current assets	30,848	27,100
Due from related parties	24,147,941	23,302,660
Total current assets	24,207,395	23,356,121
Property, plant and equipment, net	2,597,504	2,547,229
Investment in subsidiaries	390,529	413,136
Investment in equity method investee	0	0
Deferred charges and other assets, net	837,111	749,749
Total assets	28,032,539	27,066,235
Current liabilities:
Accounts payable	109,942	137,149
Accounts payable - affiliate	1,431	865
Accrued expenses	109,095	122,722
Current portion of long-term debt	1,298	10,987
Deferred revenue	20	1,472
Due to related parties	28,862,202	27,166,679
Total current liabilities	29,087,188	27,445,495
Long-term debt	44,132	48,024
Deferred tax liabilities	0	0
Investment in subsidiaries	0
Other long-term liabilities	196,643	189,204
Due to Related Parties, Noncurrent		0
Total liabilities	29,327,963	27,682,723
Commitments and contingencies
Equity:
Member’s equity	1,734,642	1,731,268
Retained earnings / (accumulated deficit)	(3,031,222)	(2,348,904)
Accumulated other comprehensive loss	(9,660)	(9,660)
Total PBF Holding Company LLC equity	(1,306,240)	(627,296)
Noncontrolling interest	10,816	10,808
Total equity	(1,295,424)	(616,488)
Total liabilities and equity	28,032,539	27,066,235
Note payable	3,200	5,621
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	25,840	26,136		29,756	41,366
Accounts receivable	30,125	40,226
Accounts receivable - affiliate	726	731
Inventories	186,557	231,482
Prepaid and other current assets	1,483	1,900
Due from related parties	8,296,673	6,820,693
Total current assets	8,541,404	7,121,168
Property, plant and equipment, net	233,648	236,376
Investment in subsidiaries	0	0
Investment in equity method investee	169,038	171,903
Deferred charges and other assets, net	34	34
Total assets	8,944,124	7,529,481
Current liabilities:
Accounts payable	16,878	21,954
Accounts payable - affiliate	0	0
Accrued expenses	232,377	268,925
Current portion of long-term debt	0	0
Deferred revenue	7	18
Due to related parties	8,261,200	6,776,289
Total current liabilities	8,510,462	7,067,186
Long-term debt	24,680	28,019
Deferred tax liabilities	28,502	33,155
Investment in subsidiaries	0
Other long-term liabilities	4,145	4,145
Due to Related Parties, Noncurrent		0
Total liabilities	8,567,789	7,132,505
Commitments and contingencies
Equity:
Member’s equity	332,689	343,940
Retained earnings / (accumulated deficit)	43,646	53,036
Accumulated other comprehensive loss	0	0
Total PBF Holding Company LLC equity	376,335	396,976
Noncontrolling interest	0	0
Total equity	376,335	396,976
Total liabilities and equity	8,944,124	7,529,481
Note payable	0	0
Consolidation, Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0		$ 0	$ (1,463)
Accounts receivable	0	0
Accounts receivable - affiliate	0	0
Inventories	0	0
Prepaid and other current assets	0	0
Due from related parties	(63,822,968)	(58,756,267)
Total current assets	(63,822,968)	(58,756,267)
Property, plant and equipment, net	0	0
Investment in subsidiaries	(390,529)	(413,136)
Investment in equity method investee	0	0
Deferred charges and other assets, net	0	0
Total assets	(64,213,497)	(59,169,403)
Current liabilities:
Accounts payable	0	0
Accounts payable - affiliate	0	0
Accrued expenses	0	0
Current portion of long-term debt	0	0
Deferred revenue	0	0
Due to related parties	(63,822,968)	(58,756,267)
Total current liabilities	(63,822,968)	(58,756,267)
Long-term debt	0	0
Deferred tax liabilities	0	0
Investment in subsidiaries	(1,309,618)
Other long-term liabilities	0	0
Due to Related Parties, Noncurrent		(632,648)
Total liabilities	(65,132,586)	(59,388,915)
Commitments and contingencies
Equity:
Member’s equity	(2,067,331)	(2,075,208)
Retained earnings / (accumulated deficit)	2,987,576	2,295,868
Accumulated other comprehensive loss	9,660	9,660
Total PBF Holding Company LLC equity	929,905	230,320
Noncontrolling interest	(10,816)	(10,808)
Total equity	919,089	219,512
Total liabilities and equity	(64,213,497)	(59,169,403)
Note payable	$ 0	$ 0

CONDENSED CONSOLIDATING FINAN48

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDINGS (Statement of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues	$ 7,440,470	$ 5,013,251	$ 13,240,071	$ 9,763,449
Cost and expenses:
Cost of products and other	6,512,153	4,662,833	11,701,759	8,914,587
Operating expenses (excluding depreciation and amortization expense as reflected below)	402,751	398,485	814,198	835,253
Depreciation and amortization expense	82,829	56,973	159,607	110,901
Cost of sales	6,997,733	5,118,291	12,675,564	9,860,741
General and administrative expenses (excluding depreciation and amortization expense as reflected below)	51,756	34,904	110,026	75,367
Depreciation and amortization expense	2,563	6,020	5,277	7,782
Equity income in investee	(4,363)	(3,820)	(8,385)	(7,419)
Gain on sale of asset	594	29	673	912
Total cost and expenses	7,048,283	5,155,424	12,783,155	9,937,383
Income (loss) from operations	392,187	(142,173)	456,916	(173,934)
Other income (expense):
Equity in earnings of subsidiaries	0	0	0	0
Change in fair value of catalyst leases	4,140	1,104	4,153	(1,484)
Interest expense, net	(33,052)	(32,857)	(66,366)	(63,513)
Other non-service component of net periodic benefit costs	277	(101)	555	(202)
Income (loss) before income taxes	363,552	(199,478)	395,258	(264,584)
Income tax (benefit) expense	(3,983)	5,898	(4,684)	6,332
Net income (loss)	367,535	(205,376)	399,942	(270,916)
Less: net income attributable to noncontrolling interests	76	267	8	380
Net income (loss) attributable to PBF Holding Company LLC	367,459	(205,643)	399,934	(271,296)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	367,479	(205,313)	400,208	(270,645)
Debt extinguishment costs	0	(25,451)	0	(25,451)
Guarantor Subsidiaries [Member]
Revenues	342,061	134,566	1,053,783	760,335
Cost and expenses:
Cost of products and other	157,113	32,288	761,445	530,062
Operating expenses (excluding depreciation and amortization expense as reflected below)	394,759	389,804	799,783	819,249
Depreciation and amortization expense	80,906	55,076	155,764	107,123
Cost of sales	632,778	477,168	1,716,992	1,456,434
General and administrative expenses (excluding depreciation and amortization expense as reflected below)	6,995	6,286	12,984	13,451
Depreciation and amortization expense	0	0	0	0
Equity income in investee	0	0	0	0
Gain on sale of asset	594	29	673	912
Total cost and expenses	640,367	483,483	1,730,649	1,470,797
Income (loss) from operations	(298,306)	(348,917)	(676,866)	(710,462)
Other income (expense):
Equity in earnings of subsidiaries	(9,888)	1,442	(9,049)	3,335
Change in fair value of catalyst leases	4,140	1,104	4,153	(1,484)
Interest expense, net	(527)	(480)	(932)	(838)
Other non-service component of net periodic benefit costs	370	(85)	737	(170)
Income (loss) before income taxes	(304,211)	(346,936)	(681,957)	(709,619)
Income tax (benefit) expense	0	0	0	0
Net income (loss)	(304,211)	(346,936)	(681,957)	(709,619)
Less: net income attributable to noncontrolling interests	76	267	8	380
Net income (loss) attributable to PBF Holding Company LLC	(304,287)	(347,203)	(681,965)	(709,999)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(304,287)	(347,203)	(681,965)	(709,999)
Debt extinguishment costs		0		0
Non-Guarantor Subsidiaries [Member]
Revenues	903,603	512,262	1,589,206	1,042,167
Cost and expenses:
Cost of products and other	910,790	489,012	1,590,381	1,013,627
Operating expenses (excluding depreciation and amortization expense as reflected below)	7,981	9,007	14,384	16,335
Depreciation and amortization expense	1,923	1,897	3,843	3,778
Cost of sales	920,694	499,916	1,608,608	1,033,740
General and administrative expenses (excluding depreciation and amortization expense as reflected below)	867	(209)	2,179	(590)
Depreciation and amortization expense	0	0	0	0
Equity income in investee	(4,363)	(3,820)	(8,385)	(7,419)
Gain on sale of asset	0	0	0	0
Total cost and expenses	917,198	495,887	1,602,402	1,025,731
Income (loss) from operations	(13,595)	16,375	(13,196)	16,436
Other income (expense):
Equity in earnings of subsidiaries	0	0	0	0
Change in fair value of catalyst leases	0	0	0	0
Interest expense, net	(277)	(269)	(540)	(449)
Other non-service component of net periodic benefit costs	1	0	3	0
Income (loss) before income taxes	(13,871)	16,106	(13,733)	15,987
Income tax (benefit) expense	(3,983)	5,898	(4,684)	6,332
Net income (loss)	(9,888)	10,208	(9,049)	9,655
Less: net income attributable to noncontrolling interests	0	0	0	0
Net income (loss) attributable to PBF Holding Company LLC	(9,888)	10,208	(9,049)	9,655
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(9,888)	10,208	(9,049)	9,655
Debt extinguishment costs		0		0
Issuer [Member]
Revenues	7,379,226	4,928,464	13,113,901	9,654,243
Cost and expenses:
Cost of products and other	6,628,670	4,703,574	11,866,752	9,064,194
Operating expenses (excluding depreciation and amortization expense as reflected below)	11	(326)	31	(331)
Depreciation and amortization expense	0	0	0	0
Cost of sales	6,628,681	4,703,248	11,866,783	9,063,863
General and administrative expenses (excluding depreciation and amortization expense as reflected below)	43,894	28,827	94,863	62,506
Depreciation and amortization expense	2,563	6,020	5,277	7,782
Equity income in investee	0	0	0	0
Gain on sale of asset	0	0	0	0
Total cost and expenses	6,675,138	4,738,095	11,966,923	9,134,151
Income (loss) from operations	704,088	190,369	1,146,978	520,092
Other income (expense):
Equity in earnings of subsidiaries	(304,211)	(338,171)	(681,957)	(703,300)
Change in fair value of catalyst leases	0	0	0	0
Interest expense, net	(32,248)	(32,108)	(64,894)	(62,226)
Other non-service component of net periodic benefit costs	(94)	(16)	(185)	(32)
Income (loss) before income taxes	367,535	(205,377)	399,942	(270,917)
Income tax (benefit) expense	0	0	0	0
Net income (loss)	367,535	(205,377)	399,942	(270,917)
Less: net income attributable to noncontrolling interests	76	267	8	380
Net income (loss) attributable to PBF Holding Company LLC	367,459	(205,644)	399,934	(271,297)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	367,479	(205,314)	400,208	(270,646)
Debt extinguishment costs		(25,451)		(25,451)
Consolidation, Eliminations [Member]
Revenues	(1,184,420)	(562,041)	(2,516,819)	(1,693,296)
Cost and expenses:
Cost of products and other	(1,184,420)	(562,041)	(2,516,819)	(1,693,296)
Operating expenses (excluding depreciation and amortization expense as reflected below)	0	0	0	0
Depreciation and amortization expense	0	0	0	0
Cost of sales	(1,184,420)	(562,041)	(2,516,819)	(1,693,296)
General and administrative expenses (excluding depreciation and amortization expense as reflected below)	0	0	0	0
Depreciation and amortization expense	0	0	0	0
Equity income in investee	0	0	0	0
Gain on sale of asset	0	0	0	0
Total cost and expenses	(1,184,420)	(562,041)	(2,516,819)	(1,693,296)
Income (loss) from operations	0	0	0	0
Other income (expense):
Equity in earnings of subsidiaries	314,099	336,729	691,006	699,965
Change in fair value of catalyst leases	0	0	0	0
Interest expense, net	0	0	0	0
Other non-service component of net periodic benefit costs	0	0	0	0
Income (loss) before income taxes	314,099	336,729	691,006	699,965
Income tax (benefit) expense	0	0	0	0
Net income (loss)	314,099	336,729	691,006	699,965
Less: net income attributable to noncontrolling interests	(76)	(267)	(8)	(380)
Net income (loss) attributable to PBF Holding Company LLC	314,175	336,996	691,014	700,345
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 314,175	336,996	$ 691,014	700,345
Debt extinguishment costs		$ 0		$ 0

CONDENSED CONSOLIDATING FINAN49

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDINGS (Statement of Cash Flows) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net income (loss)	$ 367,535	$ (205,376)	$ 399,942	$ (270,916)
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization			168,110	122,849
Stock-based compensation			9,520	10,134
Change in fair value of catalyst leases			(4,153)	1,484
Deferred income taxes	(3,957)	5,161	(4,653)	5,123
Non-cash lower of cost or market inventory adjustment			(245,655)	167,134
Non-cash change in inventory repurchase obligations			2,538	(3,107)
Debt extinguishment costs	0	25,451	0	25,451
Pension and other post-retirement benefit costs			23,691	21,121
Income from equity method investee			(8,385)	(7,419)
Distributions from equity method investee			8,385	12,254
Loss on sale of assets			673	912
Equity in earnings of subsidiaries	0	0	0	0
Changes in operating assets and liabilities:
Accounts receivable			(80,445)	6,121
Due to/from affiliates			(7,737)	(13,505)
Inventories			(80,825)	(178,738)
Prepaid and other current assets			(1,761)	(18,038)
Accounts payable			64,253	(144,819)
Accrued expenses			910	106,073
Deferred revenue			(3,838)	(7,408)
Other assets and liabilities			(10,025)	(40,525)
Net cash provided by (used in) operations			230,545	(205,819)
Cash flows from investing activities:
Expenditures for property, plant and equipment			(110,169)	(179,575)
Expenditures for deferred turnaround costs			(179,194)	(214,375)
Expenditures for other assets			(12,357)	(23,747)
Equity method investment - return of capital			2,865	0
Due to/from affiliates			0
Net cash used in investing activities			(298,855)	(417,697)
Cash flows from financing activities:
Contributions from PBF LLC			(22,000)	(97,000)
Distribution to members			(26,567)	(5,252)
Proceeds from 2025 Senior Notes				725,000
Repayments of Long-term Debt			(3,385)	(690,209)
Proceeds from revolver borrowings			0	290,000
Repayments of revolver borrowings			0	(290,000)
Catalyst lease settlements			(9,466)	0
Due to/from affiliates			0	0
Repayment of note payable			2,421	0
Proceeds from insurance premium financing			17,398
Deferred financing costs and other			(12,692)	(12,414)
Net cash provided by (used in) financing activities			(15,133)	110,830
Net decrease in cash and cash equivalents			(83,443)	(512,686)
Cash and equivalents, beginning of period		114,019	526,160	626,705
Cash and equivalents, end of period	442,717	114,019	442,717	114,019
Rail Facility [Member]
Cash flows from financing activities:
Repayments of Long-term Debt				(3,295)
Issuer [Member]
Cash flows from operating activities:
Net income (loss)	367,535	(205,377)	399,942	(270,917)
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization			8,417	11,597
Stock-based compensation			0	0
Change in fair value of catalyst leases			0	0
Deferred income taxes			0	0
Non-cash lower of cost or market inventory adjustment			(245,655)	167,134
Non-cash change in inventory repurchase obligations			2,538	(3,107)
Debt extinguishment costs		25,451		25,451
Pension and other post-retirement benefit costs			3,482	3,304
Income from equity method investee			0	0
Distributions from equity method investee			0	0
Loss on sale of assets			0	0
Equity in earnings of subsidiaries	(304,211)	(338,171)	(681,957)	(703,300)
Changes in operating assets and liabilities:
Accounts receivable			(89,080)	21,334
Due to/from affiliates			(866,193)	(1,111,279)
Inventories			(125,750)	(141,219)
Prepaid and other current assets			1,572	(3,314)
Accounts payable			94,244	(120,026)
Accrued expenses			61,061	178,794
Deferred revenue			(2,375)	(6,002)
Other assets and liabilities			8,585	(15,218)
Net cash provided by (used in) operations			(67,255)	(560,168)
Cash flows from investing activities:
Expenditures for property, plant and equipment			(2,575)	(287)
Expenditures for deferred turnaround costs			0	0
Expenditures for other assets			0	0
Equity method investment - return of capital			0
Due to/from affiliates			(13)
Net cash used in investing activities			(2,588)	(287)
Cash flows from financing activities:
Contributions from PBF LLC			(22,000)	(97,000)
Distribution to members			(26,567)	(5,252)
Proceeds from 2025 Senior Notes				725,000
Repayments of Long-term Debt			0	(690,209)
Proceeds from revolver borrowings				290,000
Repayments of revolver borrowings				(290,000)
Catalyst lease settlements			0
Due to/from affiliates			0	(5,453)
Repayment of note payable			0
Proceeds from insurance premium financing			1,168
Deferred financing costs and other			(12,692)	(12,414)
Net cash provided by (used in) financing activities			(16,091)	108,672
Net decrease in cash and cash equivalents			(85,934)	(451,783)
Cash and equivalents, beginning of period		78,302	486,568	530,085
Cash and equivalents, end of period	400,634		400,634
Issuer [Member] | Rail Facility [Member]
Cash flows from financing activities:
Repayments of Long-term Debt				0
Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net income (loss)	(304,211)	(346,936)	(681,957)	(709,619)
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization			155,805	107,429
Stock-based compensation			9,520	10,134
Change in fair value of catalyst leases			(4,153)	1,484
Deferred income taxes			0	0
Non-cash lower of cost or market inventory adjustment			0	0
Non-cash change in inventory repurchase obligations			0	0
Debt extinguishment costs		0		0
Pension and other post-retirement benefit costs			20,209	17,817
Income from equity method investee			0	0
Distributions from equity method investee			0	0
Loss on sale of assets			673	912
Equity in earnings of subsidiaries	(9,888)	1,442	(9,049)	3,335
Changes in operating assets and liabilities:
Accounts receivable			(1,466)	3,501
Due to/from affiliates			849,520	1,029,667
Inventories			0	0
Prepaid and other current assets			(3,750)	(14,716)
Accounts payable			(24,915)	(24,140)
Accrued expenses			(23,450)	(42,903)
Deferred revenue			(1,452)	(1,418)
Other assets and liabilities			(7,018)	(13,881)
Net cash provided by (used in) operations			296,615	360,932
Cash flows from investing activities:
Expenditures for property, plant and equipment			(106,633)	(179,019)
Expenditures for deferred turnaround costs			(179,194)	(214,375)
Expenditures for other assets			(12,357)	(23,747)
Equity method investment - return of capital			0
Due to/from affiliates			0
Net cash used in investing activities			(298,184)	(417,141)
Cash flows from financing activities:
Contributions from PBF LLC			0	0
Distribution to members			0	0
Proceeds from 2025 Senior Notes				0
Repayments of Long-term Debt			0	0
Proceeds from revolver borrowings				0
Repayments of revolver borrowings				0
Catalyst lease settlements			(9,466)
Due to/from affiliates			13	5,453
Repayment of note payable			2,421
Proceeds from insurance premium financing			16,230
Deferred financing costs and other			0	0
Net cash provided by (used in) financing activities			4,356	5,453
Net decrease in cash and cash equivalents			2,787	(50,756)
Cash and equivalents, beginning of period		5,961	13,456	56,717
Cash and equivalents, end of period	16,243		16,243
Guarantor Subsidiaries [Member] | Rail Facility [Member]
Cash flows from financing activities:
Repayments of Long-term Debt				0
Non-Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net income (loss)	(9,888)	10,208	(9,049)	9,655
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization			3,888	3,823
Stock-based compensation			0	0
Change in fair value of catalyst leases			0	0
Deferred income taxes			(4,653)	5,123
Non-cash lower of cost or market inventory adjustment			0	0
Non-cash change in inventory repurchase obligations			0	0
Debt extinguishment costs		0		0
Pension and other post-retirement benefit costs			0	0
Income from equity method investee			(8,385)	(7,419)
Distributions from equity method investee			8,385	12,254
Loss on sale of assets			0	0
Equity in earnings of subsidiaries	0	0	0	0
Changes in operating assets and liabilities:
Accounts receivable			10,101	(18,714)
Due to/from affiliates			8,936	68,107
Inventories			44,925	(37,519)
Prepaid and other current assets			417	(8)
Accounts payable			(5,076)	(2,116)
Accrued expenses			(36,701)	(29,818)
Deferred revenue			(11)	12
Other assets and liabilities			(11,592)	(11,426)
Net cash provided by (used in) operations			1,185	(8,046)
Cash flows from investing activities:
Expenditures for property, plant and equipment			(961)	(269)
Expenditures for deferred turnaround costs			0	0
Expenditures for other assets			0	0
Equity method investment - return of capital			2,865
Due to/from affiliates			0
Net cash used in investing activities			1,904	(269)
Cash flows from financing activities:
Contributions from PBF LLC			0	0
Distribution to members			0	0
Proceeds from 2025 Senior Notes				0
Repayments of Long-term Debt			(3,385)	0
Proceeds from revolver borrowings				0
Repayments of revolver borrowings				0
Catalyst lease settlements			0
Due to/from affiliates			0	0
Repayment of note payable			0
Proceeds from insurance premium financing			0
Deferred financing costs and other			0	0
Net cash provided by (used in) financing activities			(3,385)	(3,295)
Net decrease in cash and cash equivalents			(296)	(11,610)
Cash and equivalents, beginning of period		29,756	26,136	41,366
Cash and equivalents, end of period	25,840		25,840
Non-Guarantor Subsidiaries [Member] | Rail Facility [Member]
Cash flows from financing activities:
Repayments of Long-term Debt				(3,295)
Consolidation, Eliminations [Member]
Cash flows from operating activities:
Net income (loss)	314,099	336,729	691,006	699,965
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization			0	0
Stock-based compensation			0	0
Change in fair value of catalyst leases			0	0
Deferred income taxes			0	0
Non-cash lower of cost or market inventory adjustment			0	0
Non-cash change in inventory repurchase obligations			0	0
Debt extinguishment costs		0		0
Pension and other post-retirement benefit costs			0	0
Income from equity method investee			0	0
Distributions from equity method investee			0	0
Loss on sale of assets			0	0
Equity in earnings of subsidiaries	314,099	336,729	691,006	699,965
Changes in operating assets and liabilities:
Accounts receivable			0	0
Due to/from affiliates			0	0
Inventories			0	0
Prepaid and other current assets			0	0
Accounts payable			0	1,463
Accrued expenses			0	0
Deferred revenue			0	0
Other assets and liabilities			0	0
Net cash provided by (used in) operations			0	1,463
Cash flows from investing activities:
Expenditures for property, plant and equipment			0	0
Expenditures for deferred turnaround costs			0	0
Expenditures for other assets			0	0
Equity method investment - return of capital			0
Due to/from affiliates			13
Net cash used in investing activities			13	0
Cash flows from financing activities:
Contributions from PBF LLC			0	0
Distribution to members			0	0
Proceeds from 2025 Senior Notes				0
Repayments of Long-term Debt			0	0
Proceeds from revolver borrowings				0
Repayments of revolver borrowings				0
Catalyst lease settlements			0
Due to/from affiliates			(13)	0
Repayment of note payable			0
Proceeds from insurance premium financing			0
Deferred financing costs and other			0	0
Net cash provided by (used in) financing activities			(13)	0
Net decrease in cash and cash equivalents			0	1,463
Cash and equivalents, beginning of period		$ 0	0	(1,463)
Cash and equivalents, end of period	$ 0		$ 0
Consolidation, Eliminations [Member] | Rail Facility [Member]
Cash flows from financing activities:
Repayments of Long-term Debt				$ 0