PBF Logistics (PBFX) 10-Q 4 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 02, 2016
Entity Information [Line Items]
Entity Registrant Name	PBF LOGISTICS LP
Entity Central Index Key	1,582,568
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,016
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Common Units [Member]
Entity Information [Line Items]
Entity Common Units, Units Outstanding		21,450,041
Subordinated Units [Member]
Entity Information [Line Items]
Entity Common Units, Units Outstanding		15,886,553

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents		$ 49,883	$ 18,678
Marketable securities - current		136,144	0
Accounts receivable - affiliates		21,904	23,949
Accounts receivable, net		2,462	0
Prepaid expenses and other current assets		5,001	469
Total current assets		215,394	43,096
Marketable securities		0	234,258
Property, plant and equipment, net		243,188	145,548
Total assets		458,582	422,902
Current liabilities:
Accounts payable - affiliates		3,850	3,438
Accounts payable and accrued liabilities		9,242	5,504
Current portion of long-term debt	[1]	135,864	0
Deferred revenue		638	0
Total current liabilities		149,594	8,942
Long-term debt		434,978	599,635
Other long-term liabilities		2,023	0
Total liabilities		586,595	608,577
Commitments and contingencies (Note 8)
Equity:
Partners Equity		(128,013)	(185,675)
Total liabilities and equity		458,582	422,902
Common Units [Member] | Limited Partner, Public [Member]
Equity:
Partners Equity		378,669	340,317
Common Units [Member] | Limited Partner, Affiliate [Member]
Equity:
Partners Equity		(231,825)	(248,363)
Common Units [Member] | Limited Partner, Affiliate [Member] | PBF LLC [Member]
Equity:
Partners Equity		(231,825)	(248,363)
Subordinated Units [Member]
Equity:
Partners Equity		(275,739)	(277,094)
Subordinated Units [Member] | PBF LLC [Member]
Equity:
Partners Equity		(275,739)	(277,094)
Subordinated Units [Member] | Limited Partner, Affiliate [Member] | PBF LLC [Member]
Equity:
Partners Equity		(275,739)	(277,094)
Incentive Distribution Rights [Member]
Equity:
Partners Equity			(535)
Incentive Distribution Rights [Member] | PBF LLC [Member]
Equity:
Partners Equity		$ 882	$ (535)
[1]	PBFX’s Term Loan matures in May 2017 and has been classified as current on the balance sheet as of June 30, 2016. Additionally, Marketable securities have also been classified as current on the balance sheet as of June 30, 2016 as these securities collateralize the Term Loan.

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Jun. 30, 2016	Dec. 31, 2015
Common Units [Member] | Public Unit Holders [Member]
Common units issued	18,876,597	15,924,676
Common units outstanding	18,876,597	15,924,676
Common Units [Member] | PBF LLC [Member]
Common units issued	2,572,944	2,572,944
Common units outstanding	2,572,944	2,572,944
Subordinated Units [Member] | PBF LLC [Member]
Common units issued	15,886,553	15,886,553
Common units outstanding	15,886,553	15,886,553

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenue:
Affiliate	$ 37,965,000	$ 34,868,000	$ 74,514,000	$ 67,713,000
Third-party	2,694,000	0	2,694,000	0
Total revenue	40,659,000	34,868,000	77,208,000	67,713,000
Costs and expenses:
Operating and maintenance expenses	7,720,000	4,768,000	13,741,000	13,202,000
General and administrative expenses	6,909,000	3,729,000	9,474,000	6,791,000
Depreciation and amortization	2,142,000	1,637,000	3,782,000	3,270,000
Total costs and expenses	16,771,000	10,134,000	26,997,000	23,263,000
Income from operations	23,888,000	24,734,000	50,211,000	44,450,000
Other expense:
Interest expense, net	(7,212,000)	(4,624,000)	(14,018,000)	(6,418,000)
Amortization of loan fees	(422,000)	(306,000)	(845,000)	(467,000)
Net Income (loss)	16,254,000	19,804,000	35,348,000	37,565,000
Less: Net income attributable to Predecessor	0	221,000	0	1,274,000
Net income attributable to the Partnership	$ 16,254,000	$ 19,583,000	$ 35,348,000	$ 36,291,000
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic And Diluted, Other Disclosures [Abstract]
Cash distributions paid per unit (in dollars per share)	$ 0.43	$ 0.37	$ 0.85	$ 0.72
Common Units [Member]
Net income per limited partner unit:
Common - basic (in dollars per share)	0.41	0.58	0.94	1.09
Common - diluted (in dollars per share)	$ 0.41	$ 0.58	$ 0.94	$ 1.09
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic And Diluted, Other Disclosures [Abstract]
Common - basic (in shares)	21,248,969	17,776,831	19,873,294	17,442,561
Common - diluted (in shares)	21,264,690	17,801,429	19,881,339	17,455,155
Subordinated Units [Member]
Net income per limited partner unit:
Subordinated - basic and diluted (In dollars per share)	$ 0.41	$ 0.58	$ 0.95	$ 1.09
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic And Diluted, Other Disclosures [Abstract]
Subordinated - basic and diluted (in shares)	15,886,553	15,886,553	15,886,553	15,886,553

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net income	$ 35,348	$ 37,565
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,782	3,270
Amortization of deferred financing fees	845	467
Unit-based compensation expense	2,710	1,613
Changes in operating assets and liabilities:
Accounts receivable - affiliates	2,045	(8,703)
Accounts receivable, net	(2,462)	0
Prepaid expenses and other current assets	(348)	(319)
Accounts payable - affiliates	412	(1,392)
Accounts payable and accrued liabilities	138	5,507
Deferred revenue	638	0
Other assets and liabilities	(265)	(20)
Net cash provided by operations	42,843	37,988
Cash flows from investing activities:
Plains Asset Purchase	(98,336)	0
Expenditures for property, plant and equipment	(2,066)	(220)
Purchase of marketable securities	(1,310,000)	(1,379,386)
Maturities of marketable securities	1,408,124	1,380,085
Net cash (used in) provided by investing activities	(2,278)	479
Cash flows from financing activities:
Proceeds from issuance of common units, net of underwriters’ discount and commissions	51,575	0
Distribution to PBF LLC related to Delaware City Products Pipeline and Truck Rack acquisition	0	(112,500)
Distributions to unitholders	(31,099)	(22,911)
Distribution to Parent	0	(1,036)
Proceeds from senior notes	0	350,000
Proceeds from revolving credit agreement	98,500	24,500
Repayment of revolving credit agreement	(30,000)	(275,100)
Repayment of term loan	(98,336)	(700)
Deferred financing costs	0	(8,225)
Net cash used in financing activities	(9,360)	(45,972)
Net change in cash and cash equivalents	31,205	(7,505)
Cash and cash equivalents at beginning of year	18,678	14,165
Cash and cash equivalents at end of period	49,883	6,660
Supplemental disclosure of non-cash investing and financing activities:
Contribution of net assets from PBF LLC	$ 15	$ 2,164

DESCRIPTION OF THE BUSINESS AND

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION PBF Logistics LP (“PBFX” or the “Partnership”) is a Delaware limited partnership formed in February 2013. PBF Logistics GP LLC (“PBF GP” or “our general partner”) serves as the general partner of PBFX. PBF GP is wholly-owned by PBF Energy Company LLC (“PBF LLC”). PBF Energy Inc. (“PBF Energy”) is the sole managing member of PBF LLC and, as of June 30, 2016 , owned 95.2% of the total economic interest in PBF LLC. In addition, PBF LLC is the sole managing member of PBF Holding Company LLC (“PBF Holding”), a Delaware limited liability company and affiliate of PBFX. PBF LLC holds a 49.4% limited partner interest in PBFX and owns all of PBFX’s incentive distribution rights (“IDR”), with the remaining 50.6% limited partner interest owned by public unitholders as of June 30, 2016 . PBFX engages in the receiving, handling, storage and transferring of crude oil, refined products and intermediates. The Partnership does not take ownership of or receive any payments based on the value of the crude oil, products or intermediates that it handles and does not engage in the trading of any commodities. PBFX’s assets are integral to the operations of PBF Holding’s refineries located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. On April 29, 2016, the Partnership’s wholly-owned subsidiary, PBF Logistics Products Terminals LLC (“PLPT”), purchased four refined product terminals (the “East Coast Terminals”), from an affiliate of Plains All American Pipeline, L.P. (the “Plains Asset Purchase”) for an aggregate purchase price of $100,000 . This acquisition is accounted for as a business combination under U.S. generally accepted accounting principles (“GAAP”). See Note 2 in this Quarterly Report on Form 10-Q (this “Form 10-Q”) for further discussion regarding the Plains Asset Purchase. On April 5, 2016, PBFX completed a public offering of an aggregate of 2,875,000 common units, including 375,000 common units that were sold pursuant to the full exercise by the underwriter of its option to purchase additional common units, for net proceeds of $51,575 , after deducting underwriting discounts and commissions and other offering expenses (the “April 2016 Offering”). Subsequent to the Partnership’s initial public offering (the “Offering”), the Acquisitions from PBF (as defined below) and the Plains Asset Purchase, the Partnership continues to generate a substantial majority of its revenue from transactions with PBF Holding. Principles of Combination and Consolidation and Basis of Presentation In connection with the Offering, PBF LLC contributed the assets, liabilities and results of operations of certain crude oil terminaling assets to the Partnership. The assets consisted of the Delaware City Rail Unloading Terminal (“DCR Rail Terminal”), which included a double loop track and ancillary pumping and unloading equipment, and the Toledo Truck Unloading Terminal (“Toledo Truck Terminal”), which included six lease automatic custody transfer (“LACT”) units. Subsequent to the Offering, the Partnership acquired from PBF LLC the Delaware City West Heavy Unloading Rack (the “DCR West Rack”), a heavy crude oil rail unloading facility at the Delaware City refinery, a tank farm and related facilities, which included a propane storage and loading facility (the “Toledo Storage Facility”) and an interstate petroleum products pipeline and truck loading rack (the “Delaware City Products Pipeline and Truck Rack”). These transactions are collectively referred to as the “Acquisitions from PBF.” Subsequent to the Acquisitions from PBF, the DCR Rail Terminal, the Toledo Truck Terminal, the DCR West Rack, the Toledo Storage Facility and the Delaware City Products Pipeline and Truck Rack are collectively referred to as the “Contributed Assets.” The assets, liabilities and results of operations of the Contributed Assets prior to their acquisition by PBFX are collectively referred to as the “Predecessor”. The Contributed Assets were transfers of assets between entities under common control. Accordingly, the accompanying condensed combined consolidated financial statements and related notes present the results of operations and cash flow of our Predecessor for all periods presented prior to the effective date of each transaction. The financial statements of our Predecessor have been prepared from the separate records maintained by PBF and may not necessarily be indicative of the conditions that would have existed or the results of operations if the Predecessor had been operated as an unaffiliated entity. See the Annual Report on Form 10-K for the year ended December 31, 2015 (the “2015 Form 10-K”) for additional information regarding the Acquisitions from PBF and the commercial agreements and amendments to other agreements with related parties in connection with these acquisitions. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, PBFX has included all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position and the results of operations and cash flows of PBFX and the Predecessor, as applicable, for the periods presented. The results of operations for the three and six months ended June 30, 2016 and 2015 are not necessarily indicative of the results that may be expected for the full year. The Predecessor did not historically operate its respective assets for the purpose of generating revenues independent of other PBF Energy businesses prior to the Offering or for assets acquired in the Acquisitions from PBF, with the exception of the Delaware City Products Pipeline, prior to the effective dates of each transaction. All intercompany accounts and transactions have been eliminated. Summary of Significant Accounting Policies Product Imbalances The Partnership incurs product imbalances as a result of variances in tank storage meter readings and volume fluctuations within the East Coast Terminals. The Partnership uses a year-to-date weighted average market price to value our assets and liabilities related to product imbalances. Product imbalance liabilities are included in “accounts payable and accrued liabilities” and product imbalance assets are included in “prepaid expenses and other current assets” in the consolidated balance sheets. For the three and six months ended June 30, 2016, the imbalances resulted in an immaterial amount included in prepaid expenses and other current assets. Recent Accounting Pronouncements In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”), which amends how entities measure equity investments that do not result in consolidation and are not accounted for under the equity method and how they present changes in the fair value of financial liabilities measured under the fair value option that are attributable to their own credit. ASU 2016-01 also changes certain disclosure requirements and other aspects of current US GAAP but does not change the guidance for classifying and measuring investments in debt securities and loans. Under ASU 2016-01, this guidance becomes effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted in certain circumstances. The Partnership is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), to increase the transparency and comparability about leases among entities. The new guidance requires lessees to recognize a lease liability and a corresponding lease asset for virtually all lease contracts. It also requires additional disclosures about leasing arrangements. ASU 2016-02 is effective for interim and annual periods beginning after December 15, 2018, and requires a modified retrospective approach to adoption. Early adoption is permitted. The Partnership is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU No. 2016-06, “Derivatives and Hedging (Topic 815) Contingent Put and Call Options in Debt Instruments a consensus of the FASB Emerging Issues Task Force” (“ASU 2016-06”), to increase consistency in practice in applying guidance on determining if an embedded derivative is clearly and closely related to the economic characteristics of the host contract, specifically for assessing whether call (put) options that can accelerate the repayment of principal on a debt instrument meet the clearly and closely related criterion. The guidance in ASU 2016-06 applies to all entities that are issuers of or investors in debt instruments (or hybrid financial instruments that are determined to have a debt host) with embedded call (put) options. ASU 2016-06 is effective for interim and annual periods beginning after December 15, 2016, and requires a modified retrospective approach to adoption. Early adoption is permitted. The Partnership is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”) which requires that credit losses on available-for-sale debt securities should be measured in a manner similar to current GAAP. However, the amendments in ASU 2016-13 require that credit losses be presented as an allowance rather than as a write-down. This approach is an improvement to current GAAP because an entity will be able to record reversals of credit losses (in situations in which the estimate of credit losses declines) in current period net income, which in turn should align the income statement recognition of credit losses with the reporting period in which changes occur. Current GAAP prohibits reflecting those improvements in current period earnings. ASU 2016-13 is effective for interim and annual periods beginning after December 15, 2019, and requires a modified retrospective approach to adoption. Early adoption is permitted for interim and annual periods beginning after December 15, 2018. The Partnership is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
ACQUISITIONS	Acquisition Plains Asset Purchase On April 29, 2016, the Partnership’s wholly-owned subsidiary, PLPT, completed the Plains Asset Purchase. The East Coast Terminals, located in and around Philadelphia, Pennsylvania, include product tanks, pipeline connections to the Colonial Pipeline Company, Buckeye Partners, Sunoco Logistics Partners and other proprietary pipeline systems, truck loading lanes and marine facilities capable of handling barges and ships. The aggregate purchase price for the Plains Asset Purchase was $100,000 , less a preliminary estimate for working capital, which is subject to final purchase price valuation and working capital adjustment. The consideration was funded by the Partnership with $98,336 in proceeds from the sale of marketable securities. The Partnership borrowed an additional $98,500 under its Revolving Credit Facility (as defined in Note 4), which was used to repay $98,336 of its Term Loan (as defined in Note 4) in order to release $98,336 in marketable securities that had collateralized the Term Loan. PBFX accounted for the Plains Asset Purchase as a business combination under US GAAP whereby the Partnership recognizes assets acquired and liabilities assumed in an acquisition at their estimated fair values as of the date of acquisition. Any excess consideration transferred over the estimated fair values of the identifiable net assets acquired is recorded as goodwill. The final purchase price and its allocation are dependent on final reconciliations of working capital and other items subject to agreement by both parties. The total purchase consideration and the estimated fair values of the assets and liabilities at the acquisition date were as follows: Purchase Price Gross purchase price $ 100,000 Preliminary estimate for working capital (1,664 ) Total consideration $ 98,336 The following table summarizes the preliminary amounts recognized for assets acquired and liabilities assumed as of the acquisition date: Fair Value Allocation Prepaid expenses and other current assets $ 4,184 Property, plant and equipment 99,342 Accounts payable and accrued expenses (3,174 ) Other long-term liabilities (2,016 ) Estimated fair value of net assets acquired $ 98,336 The Partnership’s consolidated financial statements for the three and six months ended June 30, 2016 include the results of operations of the East Coast Terminals since April 29, 2016 during which period the East Coast Terminals contributed affiliate revenue of $620 , third-party revenue of $2,694 and net income of $1,529 . On an unaudited pro forma basis, the revenues and net income of PBFX assuming the acquisition had occurred on January 1, 2015, are shown below. The unaudited pro forma information does not purport to present what PBFX’s actual results would have been had the Plains Asset Purchase occurred on January 1, 2015, nor is the financial information indicative of the results of future operations. The unaudited pro forma financial information includes the depreciation and amortization expense related to the acquisition and interest expense associated with the Plains Asset Purchase financing. Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 (Unaudited) Pro forma revenues $ 84,002 $ 76,342 Pro forma net income attributable to the Partnership: 39,494 33,494 Pro forma net income available per limited partner units: Common units - basic $ 1.02 $ 0.89 Common units - diluted 1.02 0.89 Subordinated units - basic and diluted 1.02 0.89 Acquisition Expenses PBFX incurred acquisition related costs consisting primarily of consulting and legal expenses related to the Plains Asset Purchase and other pending and non-consummated acquisitions of $2,435 and $2,578 for the three and six months ended June 30, 2016, respectively. Acquisition related costs of $530 for the three and six months ended June 30, 2015 related to the Delaware City Products Pipeline and Truck Rack acquisition. These costs are included in the condensed consolidated income statement in general and administrative expenses.

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net consisted of the following: June 30, December 31, Land $ 16,167 $ 2,417 Terminals and equipment 163,237 80,718 Storage equipment 60,985 60,959 Pipeline Assets 18,568 18,546 Construction in progress 5,110 5 264,067 162,645 Accumulated depreciation (20,879 ) (17,097 ) Property, plant and equipment, net $ 243,188 $ 145,548

DEBT

DEBT	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
DEBT	DEBT Total debt was comprised of the following: June 30, December 31, 6.875% Senior Notes due 2023 $ 350,000 $ 350,000 Term Loan 135,864 234,200 Revolving Credit Facility (a) 93,000 24,500 Total debt outstanding 578,864 608,700 Unamortized debt issuance costs (8,022 ) (9,065 ) Net carrying value of debt 570,842 599,635 Less- Current maturities (b) (135,864 ) — Long-term debt $ 434,978 $ 599,635 (a) PBFX had $3,610 outstanding letters of credit and $263,390 available under our five year $360,000 revolving credit facility (“Revolving Credit Facility”) as of June 30, 2016 . The maximum amount of the Revolving Credit Facility was increased from $325,000 to $360,000 in May 2016. (b) PBFX’s Term Loan matures in May 2017 and has been classified as current on the balance sheet as of June 30, 2016. Additionally, Marketable securities have also been classified as current on the balance sheet as of June 30, 2016 as these securities collateralize the Term Loan. Plains Asset Purchase On April 29, 2016, the Partnership’s wholly-owned subsidiary, PLPT, completed the Plains Asset Purchase. The East Coast Terminals, located in and around Philadelphia, Pennsylvania, include product tanks, pipeline connections to the Colonial Pipeline Company, Buckeye Partners, Sunoco Logistics Partners and other proprietary pipeline systems, truck loading lanes and marine facilities capable of handling barges and ships. The aggregate purchase price for the Plains Asset Purchase was $100,000 , less a preliminary working capital adjustment. The consideration was funded by the Partnership with $98,336 in proceeds from the sale of marketable securities. The Partnership borrowed an additional $98,500 under its Revolving Credit Facility, which was used to repay $98,336 of its Term Loan in order to release $98,336 in marketable securities that had collateralized the Term Loan. Fair Value Measurement A fair value hierarchy (Level 1, Level 2, or Level 3) is used to categorize fair value amounts based on the quality of inputs used to measure fair value. Accordingly, fair values derived from Level 1 inputs utilize quoted prices in active markets for identical assets or liabilities. Fair values derived from Level 2 inputs are based on quoted prices for similar assets and liabilities in active markets, and inputs other than quoted prices that are either directly or indirectly observable for the asset or liability. Level 3 inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. Debt or equity securities are classified into the following reporting categories: held-to-maturity, trading or available-for-sale securities. While PBFX does not routinely sell marketable securities prior to their scheduled maturity dates, some of PBFX’s investments may be held and restricted for the purpose of funding future capital expenditures and acquisitions. Such investments are classified as available-for-sale marketable securities as they may occasionally be sold prior to their scheduled maturity dates due to the unexpected timing of cash needs. The carrying value of these marketable securities approximates fair value and is measured using Level 1 inputs. The terms of the marketable securities range from one to three months and are classified on the balance sheet as non-current assets. The gross unrecognized holding gains and losses as of June 30, 2016 and December 31, 2015 were not material. As of June 30, 2016 , these investments are used as collateral to secure the Partnership’s obligations under its three year $300,000 term loan facility with Wells Fargo Bank, National Association, as administrative agent, and a syndicate of lenders (the “Term Loan”) and are intended to be used only to fund future capital expenditures. The estimated fair values of the Revolving Credit Facility and Term Loan approximate their carrying values, categorized as a Level 2 measurement, as these borrowings bear interest based upon short-term floating market interest rates. The estimated fair value of the Partnership’s 6.875% Senior Notes due 2023 (“2023 Notes”), 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 2023 Notes and was approximately $344,714 and $321,722 at June 30, 2016 and December 31, 2015 , respectively. The carrying value and fair value of PBFX’s debt, exclusive of unamortized debt issuance costs, was approximately $578,864 and $573,578 as of June 30, 2016 and $608,700 and $580,422 as of December 31, 2015 , respectively.

EQUITY

EQUITY	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
EQUITY	EQUITY PBFX had 18,876,597 common units held by the public outstanding as of June 30, 2016 . PBF Energy owns 2,572,944 of PBFX’s common units and 15,886,553 of PBFX’s subordinated units constituting an aggregate of 49.4% of PBFX’s limited partner interest. In accordance with PBFX’s partnership agreement, PBF Energy’s subordinated units will convert into common units on a one-for-one basis once PBFX has met specified distribution targets and successfully completed other tests set forth in PBFX’s partnership agreement. Issuance of Additional Interests PBFX’s partnership agreement authorizes PBFX to issue an unlimited number of additional partnership interests for consideration and on the terms and conditions determined by PBFX’s general partner without the approval of the unitholders. On May 14, 2015, PBFX partially funded the Delaware City Products Pipeline and Truck Rack acquisition with $30,500 of Partnership common units, or 1,288,420 common units. On April 5, 2016, the Partnership completed the April 2016 Offering. It is possible that PBFX will fund future acquisitions through the issuance of additional common units, subordinated units or other partnership interests. Additionally, 111,224 and 59,507 of the Partnership’s phantom units issued under the PBFX 2014 Long-Term Incentive Plan (“LTIP”) vested and were converted into common units held by certain of PBF GP’s management and directors during the six months ended June 30, 2016 and 2015, respectively. Holders of any additional common units PBFX issues will be entitled to share equally with the then-existing common unitholders in PBFX’s distributions of available cash. Equity Activity The summarized changes in the carrying amount of our equity during the six months ended June 30, 2016 are as follows: Common Units - Common Units - PBF Subordinated Units - PBF IDR Total Balance at December 31, 2015 $ 340,317 $ (248,363 ) $ (277,094 ) $ (535 ) $ (185,675 ) Quarterly distributions to unitholders (including IDRs) (14,864 ) (2,136 ) (13,185 ) (1,340 ) (31,525 ) Net income attributable to Partnership 16,212 2,439 15,058 1,639 35,348 Contributions from PBF LLC — 15 — — 15 Unit-based compensation expense 2,710 — — — 2,710 Issuance of Common Units, net of expenses 35,271 16,304 — — 51,575 Other (977 ) (84 ) (518 ) 1,118 (461 ) Balance at June 30, 2016 $ 378,669 $ (231,825 ) $ (275,739 ) $ 882 $ (128,013 ) Allocations of Net Income PBFX’s partnership agreement contains provisions for the allocation of net income and loss to the unitholders. For purposes of maintaining partner capital accounts, PBFX’s partnership agreement specifies that items of income and loss shall be allocated among the partners in accordance with their respective percentage interest. Normal allocations according to percentage interests are made after giving effect, if any, to priority income allocations in an amount equal to incentive cash distributions allocated 100% to PBF LLC. Cash distributions PBFX’s partnership agreement, as amended, sets forth the calculation to be used to determine the amount and priority of cash distributions that the common and subordinated unitholders and general partner will receive. On March 8, 2016, the Partnership paid a quarterly cash distribution, based on the results of the fourth quarter of 2015, totaling $14,680 , or $0.41 per unit, to unitholders of record on February 22, 2016. On May 31, 2016 the Partnership paid a quarterly cash distribution, based on the results of the first quarter of 2016, totaling $16,419 , or $0.42 per unit, to unitholders of record on May 13, 2016. The allocation of total quarterly cash distributions to general and limited partners, in the table below, for the three and six months ended June 30, 2016 and 2015 , is as follows. The Partnership’s distributions are declared subsequent to quarter end (distributions of $0.43 and $0.37 per unit declared for the three months ended June 30, 2016 and 2015, respectively and $0.42 and $0.35 per unit declared for the three months ended March 31, 2016 and 2015, respectively); therefore, the table represents total cash distributions applicable to the period in which the distributions are earned: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 IDR - PBF LLC $ 882 $ 151 $ 1,639 $ 181 Limited partners’ distributions: Common – public 8,366 6,049 16,536 11,773 Common – PBF LLC 1,106 952 2,187 1,853 Subordinated – PBF LLC 6,831 5,878 13,503 11,438 Total distributions 17,185 13,030 33,865 25,245 Total cash distributions (1) $ 16,937 $ 12,852 $ 33,356 $ 24,878 ____________________ (1) Excludes phantom unit distributions which are accrued and paid upon vesting.

UNIT-BASED COMPENSATION

UNIT-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
UNIT-BASED COMPENSATION	UNIT-BASED COMPENSATION PBF GP’s board of directors adopted the LTIP in connection with the completion of the Offering. The LTIP is for the benefit of employees, consultants, service providers and non-employee directors of the general partner and its affiliates. Under the LTIP, PBFX issues phantom unit awards to certain directors, officers and seconded employees of our general partner or its affiliates as compensation. The fair value of each phantom unit on the grant date is equal to the market price of PBFX’s common units on that date. The estimated fair value of PBFX’s phantom units is amortized over the vesting period of four years , using the straight-line method. Unit-based compensation expense related to the Partnership that was included in general and administrative expense in the Partnership’s condensed consolidated statements of operations was $1,981 and $2,710 for the three and six months ended June 30, 2016 , respectively, and $683 and $1,613 for the three and six months ended June 30, 2015, respectively. In the three and six months ended June 30, 2016, unit-based compensation expense includes $1,123 of expense associated with the accelerated vesting of phantom units in accordance with grant agreements related to the retirement of certain of PBF GP’s officers. In the three and six months ended June 30, 2015, $0 and $510 of unit-based compensation expense was associated with the accelerated vesting of such phantom units.

NET INCOME PER UNIT

NET INCOME PER UNIT	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
NET INCOME PER UNIT	NET INCOME PER UNIT Earnings in excess of distributions are allocated to the limited partners based on their respective percentage interests. Payments made to PBFX’s unitholders are determined in relation to actual distributions declared and are not based on the net income (loss) allocations used in the calculation of net income (loss) per unit. Diluted net income per unit includes the effects of potentially dilutive units of PBFX’s common units that consist of unvested phantom units. For the three and six months ended June 30, 2016 , there were 502,630 and 528,880 anti-dilutive phantom units, respectively. For the three and six months ended June 30, 2015 , there were 437,485 and 442,375 anti-dilutive phantom units, respectively. Basic and diluted net income per unit applicable to subordinated limited partners are the same because there are no potentially dilutive subordinated units outstanding. In addition to the common and subordinated units, PBFX has also identified the general partner interest and incentive distribution rights as participating securities and uses the two-class method when calculating the net income per unit applicable to limited partners that is based on the weighted-average number of common units outstanding during the period. The Partnership issued 1,288,420 common units in 2015 to PBF LLC in conjunction with the Delaware City Products Pipeline and Truck Rack acquisition and issued 2,875,000 common units in 2016 in connection with the April 2016 Offering. When calculating basic earnings per unit under the two-class method for a master limited partnership, net income for the current reporting period is reduced by the amount of available cash that has been or will be distributed to the general partner, limited partners, and IDR holders for that reporting period. The following table shows the calculation of earnings less distributions: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Net income (loss) $ 16,254 $ 19,804 $ 35,348 $ 37,565 Less distributions on: Limited partner common units - public 8,366 6,049 16,536 11,773 Limited partner common units - PBF LLC 1,106 952 2,187 1,853 Limited partner subordinated units - PBF LLC 6,831 5,878 13,503 11,438 IDR holder - PBF LLC 882 151 1,639 181 Total distributions 17,185 13,030 33,865 25,245 Earnings less distributions $ (931 ) $ 6,774 $ 1,483 $ 12,320 Three Months Ended June 30, 2016 Limited Partner Common Units – Public Limited Partner Common Limited Partner Subordinated Units – PBF LLC Incentive Distribution Rights - PBF LLC Total Net income (loss): Distributions $ 8,366 $ 1,106 $ 6,831 $ 882 $ 17,185 Earnings less distributions (647 ) (39 ) (245 ) — (931 ) Net income (loss) $ 7,719 $ 1,067 $ 6,586 $ 882 $ 16,254 Weighted-average units outstanding - basic 18,676,025 2,572,944 15,886,553 Weighted-average units outstanding - diluted 18,691,746 2,572,944 15,886,553 Net income per limited partner unit - basic $ 0.41 $ 0.41 $ 0.41 Net income per limited partner unit - diluted $ 0.41 $ 0.41 $ 0.41 Three Months Ended June 30, 2015 Limited Partner Common Units – Public Limited Partner Common Limited Partner Subordinated Units – PBF LLC Incentive Distribution Rights - PBF LLC Total Net income: Distributions $ 6,049 $ 952 $ 5,878 $ 151 $ 13,030 Earnings less distributions 3,168 168 3,368 70 6,774 Net income $ 9,217 $ 1,120 $ 9,246 $ 221 $ 19,804 Weighted-average units outstanding - basic 15,834,092 1,942,739 15,886,553 Weighted-average units outstanding - diluted 15,858,690 1,942,739 15,886,553 Net income per limited partner unit - basic $ 0.58 $ 0.58 $ 0.58 Net income per limited partner unit - diluted $ 0.58 $ 0.58 $ 0.58 Six Months Ended June 30, 2016 Limited Partner Common Units – Public Limited Partner Common Limited Partner Subordinated Units – PBF LLC Incentive Distribution Rights - PBF LLC Total Net income: Distributions $ 16,536 $ 2,187 $ 13,503 $ 1,639 $ 33,865 Earnings less distributions (324 ) 252 1,555 — 1,483 Net income $ 16,212 $ 2,439 $ 15,058 $ 1,639 $ 35,348 Weighted-average units outstanding - basic 17,300,350 2,572,944 15,886,553 Weighted-average units outstanding - diluted 17,308,395 2,572,944 15,886,553 Net income per limited partner unit - basic $ 0.94 $ 0.95 $ 0.95 Net income per limited partner unit - diluted $ 0.94 $ 0.95 $ 0.95 Six Months Ended June 30, 2015 Limited Partner Common Units – Public Limited Partner Common Limited Partner Subordinated Units – PBF LLC Incentive Distribution Rights - PBF LLC Total Net income: Distributions $ 11,773 $ 1,853 $ 11,438 $ 181 $ 25,245 Earnings less distributions 5,454 (84 ) 5,857 1,093 12,320 Net income $ 17,227 $ 1,769 $ 17,295 $ 1,274 $ 37,565 Weighted-average units outstanding - basic 15,823,475 1,619,086 15,886,553 Weighted-average units outstanding - diluted 15,836,069 1,619,086 15,886,553 Net income per limited partner unit - basic $ 1.09 $ 1.09 $ 1.09 Net income per limited partner unit - diluted $ 1.09 $ 1.09 $ 1.09

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Environmental Matters PBFX’s assets, along with PBF Energy’s refineries, 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 composition of fuels. Compliance with existing and anticipated laws and regulations can increase the overall cost of operating the Partnership’s assets, including remediation, operating costs and capital costs to construct, maintain and upgrade equipment and facilities. In connection with PBF Holding’s acquisition of the DCR 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 its acquisition of the DCR assets and the Paulsboro refinery, PBF Holding and Valero purchased ten year, $75,000 environmental insurance policies to insure against unknown environmental liabilities at each site. In connection with PBF Holding’s 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 Plains Asset Purchase, the Partnership is responsible for the environmental remediation costs for conditions that existed on the closing date up to a maximum of $250 per year for ten years, with Plains All American Pipeline, L.P. remaining responsible for any and all additional costs above such amounts during such period. The environmental liability of $2,273 recorded as of June 30, 2016 represents the present value of expected future costs discounted at a rate of 1.83% . At June 30, 2016 the undiscounted liability is $2,500 and the Partnership expects to make aggregate payments for this liability of $1,250 over the next five years. The current portion of the environmental liability is recorded in Accrued expenses and the non-current portion is recorded in Other long-term liabilities.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Commercial Agreements PBFX currently derives the majority of its revenue from long-term, fee-based agreements with PBF Holding, supported by fee escalations for inflation adjustments and certain increases in operating costs. PBFX believes the terms and conditions under these agreements, as well as the omnibus and services agreements with PBF Holding described below, are generally no less favorable to either party than those that could have been negotiated with unaffiliated parties with respect to similar services. East Coast Terminals The commercial agreements with PBF Holding related to the East Coast Terminals have initial terms ranging from approximately three months to one year and include: • tank lease agreements, under which the Partnership provides tank lease services to PBF Holding at the East Coast Terminals, with fees ranging from $0.45 to $0.55 per barrel received into the tank, up to 448,000 barrels, and $0.30 to $0.351 for all additional barrels received in excess of that amount. Additionally, the lease agreements include ancillary fees for tank to tank transfers; and • terminaling service agreements, under which the Partnership provides terminaling and other services to PBF Holding at the East Coast Terminals, with fees ranging from $0.10 to $1.25 per barrel based on services provided, with additional flat rate fees for certain unloading/loading activities at the terminal. The tank lease agreements contain minimum requirements for the amount of leased tank capacity contracted by PBF Holding. Additionally, the fees under each commercial agreement are indexed for inflation based on the changes in the U.S Consumer Price Index for All Urban Consumers (the “CPI-U”). Each of these commercial agreements also include automatic renewal options ranging from three months to one year terms, unless written notice is provide by either the Partnership or PBF Holding thirty days prior to the end of the previous term. The Contributed Assets The commercial agreements with PBF Holding related the Contributed Assets have initial terms ranging from approximately seven to ten years and include: • a rail terminaling services agreement with PBF Holding, with an initial term of approximately seven years, under which the Partnership provides terminaling services at the DCR Rail Terminal. Pursuant to the rail terminaling services agreement, and based on the change in the U.S. Producer Price Index (the “PPI”), effective January 1, 2016, the terminaling service fee was decreased to $2.014 per barrel up to the minimum throughput commitment and $0.503 per barrel for volumes that exceed the minimum throughput commitment; • a truck unloading and terminaling services agreement with PBF Holding, with an initial term of approximately seven years, under which the Partnership provides terminaling services at the Toledo Truck Terminal. Pursuant to the truck unloading and terminaling services agreement, and based on the change in the PPI, effective January 1, 2016, the terminaling service fee was decreased to $1.007 per barrel; • a terminaling services agreement, with an initial term of approximately seven years, under which the Partnership provides rail terminaling services to PBF Holding at the DCR West Rack; • a storage and terminaling services agreement, with an initial term of ten years, under which the Partnership provides storage and terminaling services to PBF Holding at the Toledo Storage Facility; • a pipeline service agreement with PBF Holding, with an initial term of approximately ten years, under which the Partnership, through Delaware Pipeline Company (“DPC”), provides pipeline services to PBF Holding at the Delaware City Products Pipeline; and • a truck loading service agreement with PBF Holding, with an initial term of approximately ten years, under which the Partnership, through Delaware City Logistics Company LLC (“DCLC”), provides terminaling services to PBF Holding at the Delaware City Truck Rack. Each of these commercial agreements contain minimum volume commitments. Additionally, the storage and terminaling services agreement contains minimum requirements for the amount of storage contracted by PBF Holding. The fees under each commercial agreement are indexed for inflation and the agreements give PBF Holding the option to renew for two additional five year terms following the expiration of the initial term. Other Agreements In addition to the commercial agreements described above, the Partnership also entered into an omnibus agreement with PBF GP, PBF LLC and PBF Holding, which addresses the payment of an annual fee, in the amount of $2,350 per year, for the provision of various general and administrative services, and reimbursement of salary and benefit costs for certain PBF Energy employees, among other matters, and an operations and management services and secondment agreement with PBF Holding and certain of its subsidiaries under which PBFX reimburses PBF Holding for the provision of certain operational services to the Partnership in support of its operations, including operational services performed by certain of PBF Holding’s field-level employees. Predecessor Transactions Related-party transactions of the Predecessor were settled through division of equity. Summary of Transactions A summary of revenue and expense transactions with our affiliates, including expenses directly charged and allocated to PBFX and our Predecessor, is as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Revenues $ 37,965 $ 34,868 $ 74,514 $ 67,713 Operating and maintenance expenses 1,121 1,134 2,243 2,290 General and administrative expenses 1,415 1,234 2,259 2,470

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Partnership’s operations are organized into two reportable segments, Transportation and Terminaling and Storage. Operations that are not included in either the Transportation and Terminaling or the Storage segments are included in Corporate. Our Transportation and Terminaling segment consists of the following assets: • the DCR Rail Terminal, which serves PBF Holding’s Delaware City and Paulsboro refineries; • the DCR West Rack, which serves PBF Holding’s Delaware City refinery; • the Toledo Truck Terminal, which serves PBF Holding’s Toledo refinery, comprised of LACT units; • a propane truck loading facility, located within the Toledo Storage Facility, which is part of PBF Holding’s Toledo, Ohio refinery; • the Delaware City Products Pipeline, which consists of an interstate petroleum products pipeline located at PBF Holding’s Delaware City refinery; • the Delaware City Truck Rack, which consists of a truck loading rack utilized to distribute gasoline, distillates and LPGs located at PBF Holding’s Delaware City refinery; and • the East Coast Terminals, which consist of product tanks, pipeline connections to the Colonial Pipeline Company, Buckeye Partners, Sunoco Logistics Partners and other proprietary pipeline systems, truck loading lanes and marine facilities capable of handling barges and ships. Our Storage segment consists of the following asset: • the Toledo Storage Facility, excluding the propane truck loading facility, which services the Toledo refinery and consists of tanks for storing crude oil, refined products and intermediates; and Revenues are generated from third-party transactions as well as commercial agreements entered into with PBF Holding under which the Partnership receives fees for transportation, terminaling and storage of crude oil and refined products. The commercial agreements with PBF Holding are described in Note 8 of the Condensed Consolidated Financial Statements in this Form 10-Q. The Partnership does not have any foreign operations. The operating segments adhere to the accounting polices used for the consolidated financial statements, as described in our 2015 Form 10-K Note 2 “Summary of Accounting Policies” of the Notes to Consolidated Financial Statements. The Partnership’s operating segments are strategic business units that offer different services in different geographical locations. PBFX has evaluated the performance of each operating segment based on its respective operating income. Certain general and administrative expenses and interest and financing costs are included in Corporate as they are not directly attributable to a specific operating segment. Identifiable assets are those used by the operating segment, whereas assets included in Corporate are principally cash, deposits and other assets that are not associated with a specific operating segment. Three Months Ended June 30, 2016 Transportation and Terminaling Storage Corporate Consolidated Total Revenues $ 35,297 $ 5,362 $ — $ 40,659 Depreciation and amortization expense 1,556 586 — 2,142 Income (loss) from operations 28,323 2,474 (6,909 ) 23,888 Interest expense, net and amortization of loan fees — — 7,634 7,634 Capital expenditures, including the Plains Asset Purchase 99,202 761 — 99,963 Three Months Ended June 30, 2015 Transportation and Terminaling Storage Corporate Consolidated Total Revenues $ 29,642 $ 5,226 $ — $ 34,868 Depreciation and amortization expense 993 644 — 1,637 Income (loss) from operations 25,620 2,843 (3,729 ) 24,734 Interest expense, net and amortization of loan fees — — 4,930 4,930 Capital expenditures 144 — — 144 Six Months Ended June 30, 2016 Transportation and Terminaling Storage Corporate Consolidated Total Revenues $ 66,364 $ 10,844 $ — $ 77,208 Depreciation and amortization expense 2,547 1,235 — 3,782 Income (loss) from operations 54,270 5,415 (9,474 ) 50,211 Interest expense, net and amortization of loan fees — — 14,863 14,863 Capital expenditures, including the Plains Asset Purchase 99,202 1,200 — 100,402 Six Months Ended June 30, 2015 Transportation and Terminaling Storage Corporate Consolidated Total Revenues $ 56,962 $ 10,751 $ — $ 67,713 Depreciation and amortization expense 1,984 1,286 — 3,270 Income (loss) from operations 45,422 5,819 (6,791 ) 44,450 Interest expense, net and amortization of loan fees — — 6,885 6,885 Capital expenditures 220 — — 220 Balance at June 30, 2016 Transportation and Terminaling Storage Corporate Consolidated Total Total assets $ 214,721 $ 57,209 $ 186,652 $ 458,582 Balance at December 31, 2015 Transportation and Terminaling Storage Corporate Consolidated Total Total assets $ 112,826 $ 56,846 $ 253,230 $ 422,902

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Cash distribution On July 29, 2016, PBF GP’s board of directors declared a cash distribution, based on the results of the second quarter of 2016, of $0.43 per unit. The distribution is payable on August 23, 2016 to PBFX unitholders of record at the close of business on August 9, 2016.

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	6 Months Ended
	Jun. 30, 2016
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS [Abstract]
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF LOGISTICS	CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF LOGISTICS DCLC, DPC, Delaware City Terminaling Company LLC, Toledo Terminaling Company LLC and PLPT are 100% owned subsidiaries of the Partnership and serve as guarantors of the obligations under the 2023 Notes. These guarantees are full and unconditional and joint and several. For purposes of the following footnote, the Partnership is referred to as “Issuer.” The indenture dated May 12, 2015, among the Partnership, PBF Logistics Finance, the guarantors party thereto and Deutsche Bank Trust Company Americas, as Trustee, governs subsidiaries designated as “Guarantor Subsidiaries.” The 2023 Notes were co-issued by PBF Logistics Finance. For purposes of the following footnote, PBF Logistics 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, 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’ investment in its subsidiaries are accounted for under the equity method of accounting. 12. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF LOGISTICS CONDENSED CONSOLIDATING BALANCE SHEET June 30, 2016 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total ASSETS Current assets: Cash and cash equivalents $ 49,195 $ 688 $ — $ — $ 49,883 Marketable securities 136,144 — — — 136,144 Accounts receivable - affiliates 85 21,819 — — 21,904 Accounts receivable, net — 2,462 — — 2,462 Prepaid expense and other current assets 623 4,378 — — 5,001 Due from related parties 2,931 190,667 — (193,598 ) — Total current assets 188,978 220,014 — (193,598 ) 215,394 Property, plant and equipment, net — 243,188 — — 243,188 Investment in subsidiaries 451,470 — — (451,470 ) — Total assets $ 640,448 $ 463,202 $ — $ (645,068 ) $ 458,582 LIABILITIES AND EQUITY Current liabilities: Accounts payable - affiliates $ 1,502 $ 2,348 $ — $ — $ 3,850 Accounts payable and accrued liabilities 5,450 3,792 — — 9,242 Current portion of long-term debt 135,864 — — — 135,864 Deferred revenue — 638 — — 638 Due to related parties 190,667 2,931 — (193,598 ) — Total current liabilities 333,483 9,709 — (193,598 ) 149,594 Long-term debt 434,978 — — — 434,978 Other long-term liabilities — 2,023 — — 2,023 Total liabilities 768,461 11,732 — (193,598 ) 586,595 Commitments and contingencies Equity: Net investment — 451,470 — (451,470 ) — Common unitholders - Public 378,669 — — — 378,669 Common unitholder - PBF LLC (231,825 ) — — — (231,825 ) Subordinated unitholder - PBF LLC (275,739 ) — — — (275,739 ) IDR holder - PBF LLC 882 — — — 882 Total equity (128,013 ) 451,470 — (451,470 ) (128,013 ) Total liabilities and equity $ 640,448 $ 463,202 $ — $ (645,068 ) $ 458,582 12. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF LOGISTICS CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2015 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total ASSETS Current assets: Cash and cash equivalents $ 18,678 $ — $ — $ — $ 18,678 Accounts receivable - affiliates — 23,949 — — 23,949 Prepaid expense and other current assets 290 179 — — 469 Due from related parties 1,287 127,373 — (128,660 ) — Total current assets 20,255 151,501 — (128,660 ) 43,096 Property, plant and equipment, net — 145,548 — — 145,548 Investment in subsidiaries 292,411 — — (292,411 ) — Marketable securities 234,258 — — — 234,258 Total assets $ 546,924 $ 297,049 $ — $ (421,071 ) $ 422,902 LIABILITIES AND EQUITY Current liabilities: Accounts payable - affiliates $ 574 $ 2,864 $ — $ — $ 3,438 Accounts payable and accrued liabilities 5,017 487 — — 5,504 Due to related parties 127,373 1,287 — (128,660 ) — Total current liabilities 132,964 4,638 — (128,660 ) 8,942 Long-term debt 599,635 — — — 599,635 Total liabilities 732,599 4,638 — (128,660 ) 608,577 Commitments and contingencies Equity: Net investment — 292,411 — (292,411 ) — Common unitholders - Public 340,317 — — — 340,317 Common unitholder - PBF LLC (248,363 ) — — — (248,363 ) Subordinated unitholder - PBF LLC (277,094 ) — — — (277,094 ) IDR holder - PBF LLC (535 ) — — — (535 ) Total equity (185,675 ) 292,411 — (292,411 ) (185,675 ) Total liabilities and equity $ 546,924 $ 297,049 $ — $ (421,071 ) $ 422,902 12. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF LOGISTICS CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Three Months Ended June 30, 2016 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidated Adjustments Total Revenue: Affiliate $ — $ 37,965 $ — $ — $ 37,965 Third-party — 2,694 — — 2,694 Total revenue — 40,659 — — 40,659 Costs and expenses Operating and maintenance expenses — 7,720 — — 7,720 General and administrative expenses 6,909 — — — 6,909 Depreciation and amortization expense — 2,142 — — 2,142 Total costs and expenses 6,909 9,862 — — 16,771 Income from operations (6,909 ) 30,797 — — 23,888 Other income (expenses) Equity in earnings (loss) of subsidiaries 30,797 — — (30,797 ) — Interest expenses net (7,212 ) — — — (7,212 ) Amortization of loan fees (422 ) — — — (422 ) Net income (loss) 16,254 30,797 — (30,797 ) 16,254 Less: Net income attributable to Predecessor — — — — — Net income (loss) attributable to the Partnership $ 16,254 $ 30,797 $ — $ (30,797 ) $ 16,254 12. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF LOGISTICS CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Three Months Ended June 30, 2015 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidated Adjustments Total Revenue: Affiliate $ — $ 34,868 $ — $ — $ 34,868 Third-party — — — — — Total revenue — 34,868 — — 34,868 Costs and expenses Operating and maintenance expenses — 4,768 — — 4,768 General and administrative expenses 3,347 382 — — 3,729 Depreciation and amortization expense — 1,637 — — 1,637 Total costs and expenses 3,347 6,787 — — 10,134 Income from operations (3,347 ) 28,081 — — 24,734 Other income (expenses) Equity in earnings (loss) of subsidiaries 28,084 — — (28,084 ) — Interest expenses net (4,627 ) 3 — — (4,624 ) Amortization of loan fees (306 ) — — — (306 ) Net income (loss) 19,804 28,084 — (28,084 ) 19,804 Less: Net income attributable to Predecessor — 221 — — 221 Net income (loss) attributable to the Partnership $ 19,804 $ 27,863 $ — $ (28,084 ) $ 19,583 12. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF LOGISTICS CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Six Months Ended June 30, 2016 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidated Adjustments Total Revenue: Affiliate $ — $ 74,514 $ — $ — $ 74,514 Third-party — 2,694 — — 2,694 Total revenue — 77,208 — — 77,208 Costs and expenses Operating and maintenance expenses — 13,741 — — 13,741 General and administrative expenses 9,474 — — — 9,474 Depreciation and amortization expense — 3,782 — — 3,782 Total costs and expenses 9,474 17,523 — — 26,997 Income from operations (9,474 ) 59,685 — — 50,211 Other income (expenses) Equity in earnings (loss) of subsidiaries 59,685 — — (59,685 ) — Interest expenses net (14,018 ) — — — (14,018 ) Amortization of loan fees (845 ) — — — (845 ) Net income (loss) 35,348 59,685 — (59,685 ) 35,348 Less: Net income attributable to Predecessor — — — — — Net income (loss) attributable to the Partnership $ 35,348 $ 59,685 $ — $ (59,685 ) $ 35,348 12. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF LOGISTICS CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Six Months Ended June 30, 2015 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidated Adjustments Total Revenue: Affiliate $ — $ 67,713 $ — $ — $ 67,713 Third-party — — — — — Total revenue — 67,713 — — 67,713 Costs and expenses Operating and maintenance expenses — 13,210 — (8 ) 13,202 General and administrative expenses 6,302 481 — 8 6,791 Depreciation and amortization expense — 3,270 — — 3,270 Total costs and expenses 6,302 16,961 — — 23,263 Income from operations (6,302 ) 50,752 — — 44,450 Other income (expenses) Equity in earnings (loss) of subsidiaries 50,765 — — (50,765 ) — Interest expenses net (6,431 ) 13 — — (6,418 ) Amortization of loan fees (467 ) — — — (467 ) Net income (loss) 37,565 50,765 — (50,765 ) 37,565 Less: Net income attributable to Predecessor — 1,274 — — 1,274 Net income (loss) attributable to the Partnership $ 37,565 $ 49,491 $ — $ (50,765 ) $ 36,291 12. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF LOGISTICS CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Six Months Ended June 30, 2016 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total Cash flows from operating activities: Net income (loss) $ 35,348 $ 59,685 $ — $ (59,685 ) $ 35,348 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization — 3,782 — — 3,782 Amortization of deferred financing fees 845 — — — 845 Unit-based compensation expense 2,710 — — — 2,710 Equity in earnings (59,685 ) — — 59,685 — Changes in operating assets and current liabilities: Accounts receivable - affiliates (85 ) 2,130 — — 2,045 Accounts receivable, net — (2,462 ) — — (2,462 ) Prepaid expenses and other current assets (333 ) (15 ) — — (348 ) Accounts payable - affiliates 928 (516 ) — — 412 Accounts payable and accrued liabilities 7 131 — — 138 Amounts due to/from related parties 61,650 (61,650 ) — — — Deferred revenue — 638 — — 638 Other assets and liabilities (273 ) 8 — — (265 ) Net cash provided by operating activities 41,112 1,731 — — 42,843 Cash flows from investing activities: Plains Asset Purchase (98,336 ) — — — (98,336 ) Expenditures for property, plant and equipment — (2,066 ) — — (2,066 ) Purchase of marketable securities (1,310,000 ) — — — (1,310,000 ) Maturities of marketable securities 1,408,124 — — — 1,408,124 Investment in subsidiaries (1,023 ) — — 1,023 — Net cash provided by (used in) investing activities (1,235 ) (2,066 ) — 1,023 (2,278 ) Cash flows from financing activities: Proceeds from issuance of common units, net of underwriters ’ discount and commissions 51,575 — — — 51,575 Distribution to unitholders (31,099 ) — — — (31,099 ) Contribution from Issuer — 1,023 — (1,023 ) — Proceeds from revolving credit facility 98,500 — — — 98,500 Repayment of revolving credit facility (30,000 ) — — — (30,000 ) Repayment of term loan (98,336 ) — — — (98,336 ) Net cash provided by (used in) financing activities (9,360 ) 1,023 — (1,023 ) (9,360 ) Net change in cash and cash equivalents 30,517 688 — — 31,205 Cash and equivalents, beginning of period 18,678 — — — 18,678 Cash and equivalents, end of period $ 49,195 $ 688 $ — $ — $ 49,883 12. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF LOGISTICS CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Six Months Ended June 30, 2015 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total Cash flows from operating activities: Net income (loss) $ 37,565 $ 50,765 $ — $ (50,765 ) $ 37,565 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization — 3,270 — — 3,270 Amortization of deferred financing fees 467 — — — 467 Unit-based compensation expense 1,613 — — — 1,613 Equity in earnings (50,765 ) — — 50,765 — Changes in operating assets and current liabilities: Accounts receivable - affiliates — (8,703 ) — — (8,703 ) Prepaid expenses and other current assets (262 ) (57 ) — — (319 ) Accounts payable - affiliates (11 ) (1,381 ) — — (1,392 ) Accounts payable and accrued liabilities 5,865 (358 ) — — 5,507 Amounts due to/from related parties 42,660 (42,660 ) — — — Other assets and liabilities (20 ) — — — (20 ) Net cash provided by operating activities 37,112 876 — — 37,988 Cash flows from investing activities: Expenditures for property, plant and equipment — (220 ) — — (220 ) Purchase of marketable securities (1,379,386 ) — — — (1,379,386 ) Maturities of marketable securities 1,380,085 — — — 1,380,085 Investment in subsidiary (380 ) — — 380 — Net cash provided by (used in) investing activities 319 (220 ) — 380 479 Cash flows from financing activities: Distribution to PBF LLC related to Delaware City Products Pipeline and Truck Rack acquisition (112,500 ) 380 — (380 ) (112,500 ) Distribution to unitholders (22,911 ) — — — (22,911 ) Distribution to Parent — (1,036 ) — — (1,036 ) Proceeds from issuance of senior notes 350,000 — — — 350,000 Proceeds from revolving credit facility 24,500 — — — 24,500 Repayment of revolving credit facility (275,100 ) — — — (275,100 ) Repayment of term loan (700 ) — — — (700 ) Deferred financing costs (8,225 ) — — — (8,225 ) Net cash used in financing activities (44,936 ) (656 ) — (380 ) (45,972 ) Net change in cash and cash equivalents (7,505 ) — — — (7,505 ) Cash and equivalents, beginning of period 14,165 — — — 14,165 Cash and equivalents, end of period $ 6,660 $ — $ — $ — $ 6,660

DESCRIPTION OF THE BUSINESS A18

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”), which amends how entities measure equity investments that do not result in consolidation and are not accounted for under the equity method and how they present changes in the fair value of financial liabilities measured under the fair value option that are attributable to their own credit. ASU 2016-01 also changes certain disclosure requirements and other aspects of current US GAAP but does not change the guidance for classifying and measuring investments in debt securities and loans. Under ASU 2016-01, this guidance becomes effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted in certain circumstances. The Partnership is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), to increase the transparency and comparability about leases among entities. The new guidance requires lessees to recognize a lease liability and a corresponding lease asset for virtually all lease contracts. It also requires additional disclosures about leasing arrangements. ASU 2016-02 is effective for interim and annual periods beginning after December 15, 2018, and requires a modified retrospective approach to adoption. Early adoption is permitted. The Partnership is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU No. 2016-06, “Derivatives and Hedging (Topic 815) Contingent Put and Call Options in Debt Instruments a consensus of the FASB Emerging Issues Task Force” (“ASU 2016-06”), to increase consistency in practice in applying guidance on determining if an embedded derivative is clearly and closely related to the economic characteristics of the host contract, specifically for assessing whether call (put) options that can accelerate the repayment of principal on a debt instrument meet the clearly and closely related criterion. The guidance in ASU 2016-06 applies to all entities that are issuers of or investors in debt instruments (or hybrid financial instruments that are determined to have a debt host) with embedded call (put) options. ASU 2016-06 is effective for interim and annual periods beginning after December 15, 2016, and requires a modified retrospective approach to adoption. Early adoption is permitted. The Partnership is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”) which requires that credit losses on available-for-sale debt securities should be measured in a manner similar to current GAAP. However, the amendments in ASU 2016-13 require that credit losses be presented as an allowance rather than as a write-down. This approach is an improvement to current GAAP because an entity will be able to record reversals of credit losses (in situations in which the estimate of credit losses declines) in current period net income, which in turn should align the income statement recognition of credit losses with the reporting period in which changes occur. Current GAAP prohibits reflecting those improvements in current period earnings. ASU 2016-13 is effective for interim and annual periods beginning after December 15, 2019, and requires a modified retrospective approach to adoption. Early adoption is permitted for interim and annual periods beginning after December 15, 2018. The Partnership is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Schedule of business acquisitions	The total purchase consideration and the estimated fair values of the assets and liabilities at the acquisition date were as follows: Purchase Price Gross purchase price $ 100,000 Preliminary estimate for working capital (1,664 ) Total consideration $ 98,336 The following table summarizes the preliminary amounts recognized for assets acquired and liabilities assumed as of the acquisition date: Fair Value Allocation Prepaid expenses and other current assets $ 4,184 Property, plant and equipment 99,342 Accounts payable and accrued expenses (3,174 ) Other long-term liabilities (2,016 ) Estimated fair value of net assets acquired $ 98,336
Schedule of business acquisition, pro forma information	The unaudited pro forma financial information includes the depreciation and amortization expense related to the acquisition and interest expense associated with the Plains Asset Purchase financing. Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 (Unaudited) Pro forma revenues $ 84,002 $ 76,342 Pro forma net income attributable to the Partnership: 39,494 33,494 Pro forma net income available per limited partner units: Common units - basic $ 1.02 $ 0.89 Common units - diluted 1.02 0.89 Subordinated units - basic and diluted 1.02 0.89

PROPERTY, PLANT AND EQUIPMENT20

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	Property, plant and equipment, net consisted of the following: June 30, December 31, Land $ 16,167 $ 2,417 Terminals and equipment 163,237 80,718 Storage equipment 60,985 60,959 Pipeline Assets 18,568 18,546 Construction in progress 5,110 5 264,067 162,645 Accumulated depreciation (20,879 ) (17,097 ) Property, plant and equipment, net $ 243,188 $ 145,548

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule of long-term debt	Total debt was comprised of the following: June 30, December 31, 6.875% Senior Notes due 2023 $ 350,000 $ 350,000 Term Loan 135,864 234,200 Revolving Credit Facility (a) 93,000 24,500 Total debt outstanding 578,864 608,700 Unamortized debt issuance costs (8,022 ) (9,065 ) Net carrying value of debt 570,842 599,635 Less- Current maturities (b) (135,864 ) — Long-term debt $ 434,978 $ 599,635 (a) PBFX had $3,610 outstanding letters of credit and $263,390 available under our five year $360,000 revolving credit facility (“Revolving Credit Facility”) as of June 30, 2016 . The maximum amount of the Revolving Credit Facility was increased from $325,000 to $360,000 in May 2016. (b) PBFX’s Term Loan matures in May 2017 and has been classified as current on the balance sheet as of June 30, 2016. Additionally, Marketable securities have also been classified as current on the balance sheet as of June 30, 2016 as these securities collateralize the Term Loan.

EQUITY (Tables)

EQUITY (Tables)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Schedule of Stockholders Equity	The summarized changes in the carrying amount of our equity during the six months ended June 30, 2016 are as follows: Common Units - Common Units - PBF Subordinated Units - PBF IDR Total Balance at December 31, 2015 $ 340,317 $ (248,363 ) $ (277,094 ) $ (535 ) $ (185,675 ) Quarterly distributions to unitholders (including IDRs) (14,864 ) (2,136 ) (13,185 ) (1,340 ) (31,525 ) Net income attributable to Partnership 16,212 2,439 15,058 1,639 35,348 Contributions from PBF LLC — 15 — — 15 Unit-based compensation expense 2,710 — — — 2,710 Issuance of Common Units, net of expenses 35,271 16,304 — — 51,575 Other (977 ) (84 ) (518 ) 1,118 (461 ) Balance at June 30, 2016 $ 378,669 $ (231,825 ) $ (275,739 ) $ 882 $ (128,013 )
Distributions Made to Unitholders	Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 IDR - PBF LLC $ 882 $ 151 $ 1,639 $ 181 Limited partners’ distributions: Common – public 8,366 6,049 16,536 11,773 Common – PBF LLC 1,106 952 2,187 1,853 Subordinated – PBF LLC 6,831 5,878 13,503 11,438 Total distributions 17,185 13,030 33,865 25,245 Total cash distributions (1) $ 16,937 $ 12,852 $ 33,356 $ 24,878 ____________________ (1) Excludes phantom unit distributions which are accrued and paid upon vesting.

NET INCOME PER UNIT (Tables)

NET INCOME PER UNIT (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of earnings	The following table shows the calculation of earnings less distributions: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Net income (loss) $ 16,254 $ 19,804 $ 35,348 $ 37,565 Less distributions on: Limited partner common units - public 8,366 6,049 16,536 11,773 Limited partner common units - PBF LLC 1,106 952 2,187 1,853 Limited partner subordinated units - PBF LLC 6,831 5,878 13,503 11,438 IDR holder - PBF LLC 882 151 1,639 181 Total distributions 17,185 13,030 33,865 25,245 Earnings less distributions $ (931 ) $ 6,774 $ 1,483 $ 12,320
Summary of calculation of net income per unit	Three Months Ended June 30, 2016 Limited Partner Common Units – Public Limited Partner Common Limited Partner Subordinated Units – PBF LLC Incentive Distribution Rights - PBF LLC Total Net income (loss): Distributions $ 8,366 $ 1,106 $ 6,831 $ 882 $ 17,185 Earnings less distributions (647 ) (39 ) (245 ) — (931 ) Net income (loss) $ 7,719 $ 1,067 $ 6,586 $ 882 $ 16,254 Weighted-average units outstanding - basic 18,676,025 2,572,944 15,886,553 Weighted-average units outstanding - diluted 18,691,746 2,572,944 15,886,553 Net income per limited partner unit - basic $ 0.41 $ 0.41 $ 0.41 Net income per limited partner unit - diluted $ 0.41 $ 0.41 $ 0.41 Three Months Ended June 30, 2015 Limited Partner Common Units – Public Limited Partner Common Limited Partner Subordinated Units – PBF LLC Incentive Distribution Rights - PBF LLC Total Net income: Distributions $ 6,049 $ 952 $ 5,878 $ 151 $ 13,030 Earnings less distributions 3,168 168 3,368 70 6,774 Net income $ 9,217 $ 1,120 $ 9,246 $ 221 $ 19,804 Weighted-average units outstanding - basic 15,834,092 1,942,739 15,886,553 Weighted-average units outstanding - diluted 15,858,690 1,942,739 15,886,553 Net income per limited partner unit - basic $ 0.58 $ 0.58 $ 0.58 Net income per limited partner unit - diluted $ 0.58 $ 0.58 $ 0.58 Six Months Ended June 30, 2016 Limited Partner Common Units – Public Limited Partner Common Limited Partner Subordinated Units – PBF LLC Incentive Distribution Rights - PBF LLC Total Net income: Distributions $ 16,536 $ 2,187 $ 13,503 $ 1,639 $ 33,865 Earnings less distributions (324 ) 252 1,555 — 1,483 Net income $ 16,212 $ 2,439 $ 15,058 $ 1,639 $ 35,348 Weighted-average units outstanding - basic 17,300,350 2,572,944 15,886,553 Weighted-average units outstanding - diluted 17,308,395 2,572,944 15,886,553 Net income per limited partner unit - basic $ 0.94 $ 0.95 $ 0.95 Net income per limited partner unit - diluted $ 0.94 $ 0.95 $ 0.95 Six Months Ended June 30, 2015 Limited Partner Common Units – Public Limited Partner Common Limited Partner Subordinated Units – PBF LLC Incentive Distribution Rights - PBF LLC Total Net income: Distributions $ 11,773 $ 1,853 $ 11,438 $ 181 $ 25,245 Earnings less distributions 5,454 (84 ) 5,857 1,093 12,320 Net income $ 17,227 $ 1,769 $ 17,295 $ 1,274 $ 37,565 Weighted-average units outstanding - basic 15,823,475 1,619,086 15,886,553 Weighted-average units outstanding - diluted 15,836,069 1,619,086 15,886,553 Net income per limited partner unit - basic $ 1.09 $ 1.09 $ 1.09 Net income per limited partner unit - diluted $ 1.09 $ 1.09 $ 1.09

RELATED PARTY TRANSACTIONS SUMM

RELATED PARTY TRANSACTIONS SUMMARY OF TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Schedule of related party transactions	A summary of revenue and expense transactions with our affiliates, including expenses directly charged and allocated to PBFX and our Predecessor, is as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Revenues $ 37,965 $ 34,868 $ 74,514 $ 67,713 Operating and maintenance expenses 1,121 1,134 2,243 2,290 General and administrative expenses 1,415 1,234 2,259 2,470

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of segment reporting	Three Months Ended June 30, 2016 Transportation and Terminaling Storage Corporate Consolidated Total Revenues $ 35,297 $ 5,362 $ — $ 40,659 Depreciation and amortization expense 1,556 586 — 2,142 Income (loss) from operations 28,323 2,474 (6,909 ) 23,888 Interest expense, net and amortization of loan fees — — 7,634 7,634 Capital expenditures, including the Plains Asset Purchase 99,202 761 — 99,963 Three Months Ended June 30, 2015 Transportation and Terminaling Storage Corporate Consolidated Total Revenues $ 29,642 $ 5,226 $ — $ 34,868 Depreciation and amortization expense 993 644 — 1,637 Income (loss) from operations 25,620 2,843 (3,729 ) 24,734 Interest expense, net and amortization of loan fees — — 4,930 4,930 Capital expenditures 144 — — 144 Six Months Ended June 30, 2016 Transportation and Terminaling Storage Corporate Consolidated Total Revenues $ 66,364 $ 10,844 $ — $ 77,208 Depreciation and amortization expense 2,547 1,235 — 3,782 Income (loss) from operations 54,270 5,415 (9,474 ) 50,211 Interest expense, net and amortization of loan fees — — 14,863 14,863 Capital expenditures, including the Plains Asset Purchase 99,202 1,200 — 100,402 Six Months Ended June 30, 2015 Transportation and Terminaling Storage Corporate Consolidated Total Revenues $ 56,962 $ 10,751 $ — $ 67,713 Depreciation and amortization expense 1,984 1,286 — 3,270 Income (loss) from operations 45,422 5,819 (6,791 ) 44,450 Interest expense, net and amortization of loan fees — — 6,885 6,885 Capital expenditures 220 — — 220 Balance at June 30, 2016 Transportation and Terminaling Storage Corporate Consolidated Total Total assets $ 214,721 $ 57,209 $ 186,652 $ 458,582 Balance at December 31, 2015 Transportation and Terminaling Storage Corporate Consolidated Total Total assets $ 112,826 $ 56,846 $ 253,230 $ 422,902

CONDENSED CONSOLIDATING FINAN26

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)	6 Months Ended
	Jun. 30, 2016
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS [Abstract]
Condensed Balance Sheet	June 30, 2016 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total ASSETS Current assets: Cash and cash equivalents $ 49,195 $ 688 $ — $ — $ 49,883 Marketable securities 136,144 — — — 136,144 Accounts receivable - affiliates 85 21,819 — — 21,904 Accounts receivable, net — 2,462 — — 2,462 Prepaid expense and other current assets 623 4,378 — — 5,001 Due from related parties 2,931 190,667 — (193,598 ) — Total current assets 188,978 220,014 — (193,598 ) 215,394 Property, plant and equipment, net — 243,188 — — 243,188 Investment in subsidiaries 451,470 — — (451,470 ) — Total assets $ 640,448 $ 463,202 $ — $ (645,068 ) $ 458,582 LIABILITIES AND EQUITY Current liabilities: Accounts payable - affiliates $ 1,502 $ 2,348 $ — $ — $ 3,850 Accounts payable and accrued liabilities 5,450 3,792 — — 9,242 Current portion of long-term debt 135,864 — — — 135,864 Deferred revenue — 638 — — 638 Due to related parties 190,667 2,931 — (193,598 ) — Total current liabilities 333,483 9,709 — (193,598 ) 149,594 Long-term debt 434,978 — — — 434,978 Other long-term liabilities — 2,023 — — 2,023 Total liabilities 768,461 11,732 — (193,598 ) 586,595 Commitments and contingencies Equity: Net investment — 451,470 — (451,470 ) — Common unitholders - Public 378,669 — — — 378,669 Common unitholder - PBF LLC (231,825 ) — — — (231,825 ) Subordinated unitholder - PBF LLC (275,739 ) — — — (275,739 ) IDR holder - PBF LLC 882 — — — 882 Total equity (128,013 ) 451,470 — (451,470 ) (128,013 ) Total liabilities and equity $ 640,448 $ 463,202 $ — $ (645,068 ) $ 458,582 12. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF LOGISTICS CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2015 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total ASSETS Current assets: Cash and cash equivalents $ 18,678 $ — $ — $ — $ 18,678 Accounts receivable - affiliates — 23,949 — — 23,949 Prepaid expense and other current assets 290 179 — — 469 Due from related parties 1,287 127,373 — (128,660 ) — Total current assets 20,255 151,501 — (128,660 ) 43,096 Property, plant and equipment, net — 145,548 — — 145,548 Investment in subsidiaries 292,411 — — (292,411 ) — Marketable securities 234,258 — — — 234,258 Total assets $ 546,924 $ 297,049 $ — $ (421,071 ) $ 422,902 LIABILITIES AND EQUITY Current liabilities: Accounts payable - affiliates $ 574 $ 2,864 $ — $ — $ 3,438 Accounts payable and accrued liabilities 5,017 487 — — 5,504 Due to related parties 127,373 1,287 — (128,660 ) — Total current liabilities 132,964 4,638 — (128,660 ) 8,942 Long-term debt 599,635 — — — 599,635 Total liabilities 732,599 4,638 — (128,660 ) 608,577 Commitments and contingencies Equity: Net investment — 292,411 — (292,411 ) — Common unitholders - Public 340,317 — — — 340,317 Common unitholder - PBF LLC (248,363 ) — — — (248,363 ) Subordinated unitholder - PBF LLC (277,094 ) — — — (277,094 ) IDR holder - PBF LLC (535 ) — — — (535 ) Total equity (185,675 ) 292,411 — (292,411 ) (185,675 ) Total liabilities and equity $ 546,924 $ 297,049 $ — $ (421,071 ) $ 422,902
Condensed Statement of Operations	Three Months Ended June 30, 2016 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidated Adjustments Total Revenue: Affiliate $ — $ 37,965 $ — $ — $ 37,965 Third-party — 2,694 — — 2,694 Total revenue — 40,659 — — 40,659 Costs and expenses Operating and maintenance expenses — 7,720 — — 7,720 General and administrative expenses 6,909 — — — 6,909 Depreciation and amortization expense — 2,142 — — 2,142 Total costs and expenses 6,909 9,862 — — 16,771 Income from operations (6,909 ) 30,797 — — 23,888 Other income (expenses) Equity in earnings (loss) of subsidiaries 30,797 — — (30,797 ) — Interest expenses net (7,212 ) — — — (7,212 ) Amortization of loan fees (422 ) — — — (422 ) Net income (loss) 16,254 30,797 — (30,797 ) 16,254 Less: Net income attributable to Predecessor — — — — — Net income (loss) attributable to the Partnership $ 16,254 $ 30,797 $ — $ (30,797 ) $ 16,254 12. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF LOGISTICS CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Three Months Ended June 30, 2015 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidated Adjustments Total Revenue: Affiliate $ — $ 34,868 $ — $ — $ 34,868 Third-party — — — — — Total revenue — 34,868 — — 34,868 Costs and expenses Operating and maintenance expenses — 4,768 — — 4,768 General and administrative expenses 3,347 382 — — 3,729 Depreciation and amortization expense — 1,637 — — 1,637 Total costs and expenses 3,347 6,787 — — 10,134 Income from operations (3,347 ) 28,081 — — 24,734 Other income (expenses) Equity in earnings (loss) of subsidiaries 28,084 — — (28,084 ) — Interest expenses net (4,627 ) 3 — — (4,624 ) Amortization of loan fees (306 ) — — — (306 ) Net income (loss) 19,804 28,084 — (28,084 ) 19,804 Less: Net income attributable to Predecessor — 221 — — 221 Net income (loss) attributable to the Partnership $ 19,804 $ 27,863 $ — $ (28,084 ) $ 19,583 12. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF LOGISTICS CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Six Months Ended June 30, 2016 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidated Adjustments Total Revenue: Affiliate $ — $ 74,514 $ — $ — $ 74,514 Third-party — 2,694 — — 2,694 Total revenue — 77,208 — — 77,208 Costs and expenses Operating and maintenance expenses — 13,741 — — 13,741 General and administrative expenses 9,474 — — — 9,474 Depreciation and amortization expense — 3,782 — — 3,782 Total costs and expenses 9,474 17,523 — — 26,997 Income from operations (9,474 ) 59,685 — — 50,211 Other income (expenses) Equity in earnings (loss) of subsidiaries 59,685 — — (59,685 ) — Interest expenses net (14,018 ) — — — (14,018 ) Amortization of loan fees (845 ) — — — (845 ) Net income (loss) 35,348 59,685 — (59,685 ) 35,348 Less: Net income attributable to Predecessor — — — — — Net income (loss) attributable to the Partnership $ 35,348 $ 59,685 $ — $ (59,685 ) $ 35,348 12. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF LOGISTICS CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Six Months Ended June 30, 2015 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidated Adjustments Total Revenue: Affiliate $ — $ 67,713 $ — $ — $ 67,713 Third-party — — — — — Total revenue — 67,713 — — 67,713 Costs and expenses Operating and maintenance expenses — 13,210 — (8 ) 13,202 General and administrative expenses 6,302 481 — 8 6,791 Depreciation and amortization expense — 3,270 — — 3,270 Total costs and expenses 6,302 16,961 — — 23,263 Income from operations (6,302 ) 50,752 — — 44,450 Other income (expenses) Equity in earnings (loss) of subsidiaries 50,765 — — (50,765 ) — Interest expenses net (6,431 ) 13 — — (6,418 ) Amortization of loan fees (467 ) — — — (467 ) Net income (loss) 37,565 50,765 — (50,765 ) 37,565 Less: Net income attributable to Predecessor — 1,274 — — 1,274 Net income (loss) attributable to the Partnership $ 37,565 $ 49,491 $ — $ (50,765 ) $ 36,291
Condensed Cash Flow Statement	12. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF LOGISTICS CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Six Months Ended June 30, 2016 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total Cash flows from operating activities: Net income (loss) $ 35,348 $ 59,685 $ — $ (59,685 ) $ 35,348 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization — 3,782 — — 3,782 Amortization of deferred financing fees 845 — — — 845 Unit-based compensation expense 2,710 — — — 2,710 Equity in earnings (59,685 ) — — 59,685 — Changes in operating assets and current liabilities: Accounts receivable - affiliates (85 ) 2,130 — — 2,045 Accounts receivable, net — (2,462 ) — — (2,462 ) Prepaid expenses and other current assets (333 ) (15 ) — — (348 ) Accounts payable - affiliates 928 (516 ) — — 412 Accounts payable and accrued liabilities 7 131 — — 138 Amounts due to/from related parties 61,650 (61,650 ) — — — Deferred revenue — 638 — — 638 Other assets and liabilities (273 ) 8 — — (265 ) Net cash provided by operating activities 41,112 1,731 — — 42,843 Cash flows from investing activities: Plains Asset Purchase (98,336 ) — — — (98,336 ) Expenditures for property, plant and equipment — (2,066 ) — — (2,066 ) Purchase of marketable securities (1,310,000 ) — — — (1,310,000 ) Maturities of marketable securities 1,408,124 — — — 1,408,124 Investment in subsidiaries (1,023 ) — — 1,023 — Net cash provided by (used in) investing activities (1,235 ) (2,066 ) — 1,023 (2,278 ) Cash flows from financing activities: Proceeds from issuance of common units, net of underwriters ’ discount and commissions 51,575 — — — 51,575 Distribution to unitholders (31,099 ) — — — (31,099 ) Contribution from Issuer — 1,023 — (1,023 ) — Proceeds from revolving credit facility 98,500 — — — 98,500 Repayment of revolving credit facility (30,000 ) — — — (30,000 ) Repayment of term loan (98,336 ) — — — (98,336 ) Net cash provided by (used in) financing activities (9,360 ) 1,023 — (1,023 ) (9,360 ) Net change in cash and cash equivalents 30,517 688 — — 31,205 Cash and equivalents, beginning of period 18,678 — — — 18,678 Cash and equivalents, end of period $ 49,195 $ 688 $ — $ — $ 49,883 12. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF LOGISTICS CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Six Months Ended June 30, 2015 Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Combining and Consolidating Adjustments Total Cash flows from operating activities: Net income (loss) $ 37,565 $ 50,765 $ — $ (50,765 ) $ 37,565 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization — 3,270 — — 3,270 Amortization of deferred financing fees 467 — — — 467 Unit-based compensation expense 1,613 — — — 1,613 Equity in earnings (50,765 ) — — 50,765 — Changes in operating assets and current liabilities: Accounts receivable - affiliates — (8,703 ) — — (8,703 ) Prepaid expenses and other current assets (262 ) (57 ) — — (319 ) Accounts payable - affiliates (11 ) (1,381 ) — — (1,392 ) Accounts payable and accrued liabilities 5,865 (358 ) — — 5,507 Amounts due to/from related parties 42,660 (42,660 ) — — — Other assets and liabilities (20 ) — — — (20 ) Net cash provided by operating activities 37,112 876 — — 37,988 Cash flows from investing activities: Expenditures for property, plant and equipment — (220 ) — — (220 ) Purchase of marketable securities (1,379,386 ) — — — (1,379,386 ) Maturities of marketable securities 1,380,085 — — — 1,380,085 Investment in subsidiary (380 ) — — 380 — Net cash provided by (used in) investing activities 319 (220 ) — 380 479 Cash flows from financing activities: Distribution to PBF LLC related to Delaware City Products Pipeline and Truck Rack acquisition (112,500 ) 380 — (380 ) (112,500 ) Distribution to unitholders (22,911 ) — — — (22,911 ) Distribution to Parent — (1,036 ) — — (1,036 ) Proceeds from issuance of senior notes 350,000 — — — 350,000 Proceeds from revolving credit facility 24,500 — — — 24,500 Repayment of revolving credit facility (275,100 ) — — — (275,100 ) Repayment of term loan (700 ) — — — (700 ) Deferred financing costs (8,225 ) — — — (8,225 ) Net cash used in financing activities (44,936 ) (656 ) — (380 ) (45,972 ) Net change in cash and cash equivalents (7,505 ) — — — (7,505 ) Cash and equivalents, beginning of period 14,165 — — — 14,165 Cash and equivalents, end of period $ 6,660 $ — $ — $ — $ 6,660

DESCRIPTION OF THE BUSINESS A27

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Details) $ in Thousands	Apr. 29, 2016USD ($)terminal	Apr. 05, 2016USD ($)shares	Jun. 30, 2016LACTshares	Jun. 30, 2015USD ($)
Limited Partners' Capital Account [Line Items]
Capital expenditures				$ 220
PBF Energy [Member] | PBF LLC [Member]
Limited Partners' Capital Account [Line Items]
Percentage of total economic interest			95.20%
Limited Partner, Affiliate [Member] | PBF LLC [Member]
Limited Partners' Capital Account [Line Items]
Limited partner interest percentage			49.40%
Limited Partner, Public [Member]
Limited Partners' Capital Account [Line Items]
Limited partner interest percentage			50.60%
Proceeds from Issuance or Sale of Equity		$ 51,575
Toledo Truck Unloading Terminal [Member]
Limited Partners' Capital Account [Line Items]
Number of lease automatic custody transfer units | LACT			6
Plains All American Pipeline, L.P. [Member] | PBF Logistics Products Terminals LLC [Member]
Limited Partners' Capital Account [Line Items]
Number Of Refined Product Terminals Acquired | terminal	4
Capital expenditures	$ 100,000
Common Units [Member]
Limited Partners' Capital Account [Line Items]
Common units sold in public offering (in shares) | shares		2,875,000	18,876,597
Over-Allotment Option [Member] | Common Units [Member]
Limited Partners' Capital Account [Line Items]
Common units sold in public offering (in shares) | shares		375,000

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($) $ in Thousands	Apr. 29, 2016	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Business Acquisition [Line Items]
Maturities of marketable securities					$ 1,408,124	$ 1,380,085
Proceeds from revolving credit agreement					98,500	24,500
Repayment of term loan					98,336	700
Affiliate			$ 37,965	$ 34,868	74,514	67,713
Third-party revenue			40,659	34,868	77,208	67,713
Net Income (loss)			16,254	19,804	35,348	37,565
Plains Asset Purchase, East Coast Terminals [Member]
Business Acquisition [Line Items]
Gross purchase price	$ 100,000
Maturities of marketable securities	98,336
Proceeds from revolving credit agreement	98,500
Repayment of term loan	$ 98,336
Affiliate		$ 620
Third-party revenue		2,694
Net Income (loss)		$ 1,529
Acquisition related costs			$ 2,435		$ 2,578
Delaware City Products Pipeline and Truck Rack [Member]
Business Acquisition [Line Items]
Acquisition related costs				$ 530		$ 530

ACQUISITIONS - Consideration (D

ACQUISITIONS - Consideration (Details) - USD ($) $ in Thousands	Apr. 29, 2016	Jun. 30, 2016	Jun. 30, 2015
Business Acquisition [Line Items]
Total consideration		$ 98,336	$ 0
Plains Asset Purchase, East Coast Terminals [Member]
Business Acquisition [Line Items]
Gross purchase price	$ 100,000
Preliminary estimate for working capital	(1,664)
Total consideration	$ 98,336

ACQUISITIONS - Assets Acquired

ACQUISITIONS - Assets Acquired And Liabilities Assumed (Details) - Plains Asset Purchase, East Coast Terminals [Member] $ in Thousands	Apr. 29, 2016USD ($)
Business Acquisition [Line Items]
Prepaid expenses and other current assets	$ 4,184
Property, plant and equipment	99,342
Accounts payable and accrued expenses	(3,174)
Other long-term liabilities	(2,016)
Estimated fair value of net assets acquired	$ 98,336

ACQUISITIONS - Pro Forma (Detai

ACQUISITIONS - Pro Forma (Details) - Plains Asset Purchase, East Coast Terminals [Member] - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Business Acquisition [Line Items]
Pro forma revenues	$ 84,002	$ 76,342
Pro forma net income attributable to the Partnership:	$ 39,494	$ 33,494
Common Units [Member]
Pro forma net income available per limited partner units:
Pro forma, Basic (in dollars per share)	$ 1.02	$ 0.89
Pro forma, Diluted (in dollars per share)	1.02	0.89
Subordinated Units [Member]
Pro forma net income available per limited partner units:
Pro forma, Basic (in dollars per share)	1.02	0.89
Pro forma, Diluted (in dollars per share)	$ 1.02	$ 1.02

PROPERTY, PLANT AND EQUIPMENT32

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 264,067	$ 162,645
Accumulated depreciation	(20,879)	(17,097)
Property, plant and equipment, net	243,188	145,548
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	16,167	2,417
Terminals and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	163,237	80,718
Storage Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	60,985	60,959
Pipelines [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	18,568	18,546
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 5,110	$ 5

DEBT - Outstanding amounts (Det

DEBT - Outstanding amounts (Details) - USD ($)		6 Months Ended
		Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total debt outstanding		$ 578,864,000	$ 608,700,000
Unamortized debt issuance costs		(8,022,000)	(9,065,000)
Net carrying value of debt		570,842,000	599,635,000
Long-term Debt, Current Maturities	[1]	(135,864,000)	0
Long-term debt		434,978,000	599,635,000
Senior Notes [Member]
Debt Instrument [Line Items]
Total debt outstanding		350,000,000	350,000,000
Term Loan [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Total debt outstanding		135,864,000	234,200,000
Revolving Credit Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Total debt outstanding	[2]	93,000,000	24,500,000
Line of credit, outstanding		3,610,000
Remaining borrowing capacity		$ 263,390,000
Debt instrument term		5 years
Maximum borrowing capacity		$ 360,000,000
Wells Fargo Bank [Member] | Revolving Credit Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 325,000,000
[1]	PBFX’s Term Loan matures in May 2017 and has been classified as current on the balance sheet as of June 30, 2016. Additionally, Marketable securities have also been classified as current on the balance sheet as of June 30, 2016 as these securities collateralize the Term Loan.
[2]	PBFX had $3,610 outstanding letters of credit and $263,390 available under our five year $360,000 revolving credit facility (“Revolving Credit Facility”) as of June 30, 2016. The maximum amount of the Revolving Credit Facility was increased from $325,000 to $360,000 in May 2016.

DEBT (Details)

DEBT (Details) - USD ($)		Apr. 29, 2016	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Debt Instrument [Line Items]
Capital expenditures				$ 220,000
Maturities of marketable securities			$ 1,408,124,000	1,380,085,000
Proceeds from revolving credit agreement			98,500,000	24,500,000
Repayment of term loan			98,336,000	$ 700,000
Debt Instrument, Fair Value Disclosure			573,578,000		$ 580,422,000
Total debt outstanding			$ 578,864,000		608,700,000
Term Loan [Member] | Wells Fargo Bank [Member]
Debt Instrument [Line Items]
Debt instrument term			3 years
Debt instrument, amount borrowed			$ 300,000,000
Senior Secured Notes Issued in 2015 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			6.875%
Debt Instrument, Fair Value Disclosure			$ 344,714,000		321,722,000
Term Loan [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Total debt outstanding			$ 135,864,000		234,200,000
Senior Secured Revolving Credit Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Debt instrument term			5 years
Maximum borrowing capacity			$ 360,000,000
Line of credit, outstanding			3,610,000
Total debt outstanding	[1]		$ 93,000,000		24,500,000
Senior Secured Revolving Credit Facility [Member] | Line of Credit [Member] | Wells Fargo Bank [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 325,000,000
PBF Logistics Products Terminals LLC [Member] | Plains All American Pipeline, L.P. [Member]
Debt Instrument [Line Items]
Capital expenditures		$ 100,000,000
East Coast Terminals [Member]
Debt Instrument [Line Items]
Maturities of marketable securities		98,336,000
Proceeds from revolving credit agreement		98,500,000
Repayment of term loan		$ 98,336,000
[1]	PBFX had $3,610 outstanding letters of credit and $263,390 available under our five year $360,000 revolving credit facility (“Revolving Credit Facility”) as of June 30, 2016. The maximum amount of the Revolving Credit Facility was increased from $325,000 to $360,000 in May 2016.

EQUITY (Details)

EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands	May 31, 2016	Apr. 05, 2016	Mar. 08, 2016	May 14, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Increase (Decrease) in Partners' Capital [Roll Forward]
Partners Equity, Beginning of Period							$ (185,675)
Quarterly distributions to unitholders (including IDRs)							(31,525)
Net income attributable to Partnership					$ 16,254	$ 19,583	35,348	$ 36,291
Contributions from PBF LLC							15
Unit-based compensation expense							2,710
Proceeds from issuance of common units, net of underwriters’ discount and commissions							51,575	$ 0
Partners Equity, End of Period					$ (128,013)		(128,013)
Cash distribution	$ 16,419		$ 14,680
Cash distribution (in dollars per share)	$ 0.42		$ 0.41
Partners' Capital, Other							$ (461)
Limited Partner, Public [Member]
Capital Unit [Line Items]
Limited partner interest percentage					50.60%		50.60%
Common Units [Member]
Capital Unit [Line Items]
Common units sold in public offering (in shares)		2,875,000					18,876,597
Common Units [Member] | Limited Partner, Public [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Partners Equity, Beginning of Period							$ 340,317
Quarterly distributions to unitholders (including IDRs)							(14,864)
Net income attributable to Partnership							16,212
Contributions from PBF LLC							0
Unit-based compensation expense							2,710
Proceeds from issuance of common units, net of underwriters’ discount and commissions							35,271
Partners Equity, End of Period					$ 378,669		378,669
Partners' Capital, Other							(977)
Common Units [Member] | Limited Partner, Affiliate [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Partners Equity, Beginning of Period							(248,363)
Partners Equity, End of Period					$ (231,825)		$ (231,825)
Common Units [Member] | Limited Partner, Affiliate [Member] | PBF LLC [Member]
Capital Unit [Line Items]
Units owned					2,572,944		2,572,944
Increase (Decrease) in Partners' Capital [Roll Forward]
Partners Equity, Beginning of Period							$ (248,363)
Quarterly distributions to unitholders (including IDRs)							(2,136)
Net income attributable to Partnership							2,439
Contributions from PBF LLC							15
Unit-based compensation expense							0
Proceeds from issuance of common units, net of underwriters’ discount and commissions							16,304
Partners Equity, End of Period					$ (231,825)		(231,825)
Partners' Capital, Other							(84)
Subordinated Units [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Partners Equity, Beginning of Period							(277,094)
Partners Equity, End of Period					(275,739)		(275,739)
Subordinated Units [Member] | PBF LLC [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Partners Equity, Beginning of Period							(277,094)
Partners Equity, End of Period					$ (275,739)		$ (275,739)
Subordinated Units [Member] | Limited Partner, Affiliate [Member] | PBF LLC [Member]
Capital Unit [Line Items]
Units owned					15,886,553		15,886,553
Increase (Decrease) in Partners' Capital [Roll Forward]
Partners Equity, Beginning of Period							$ (277,094)
Quarterly distributions to unitholders (including IDRs)							(13,185)
Net income attributable to Partnership							15,058
Contributions from PBF LLC							0
Unit-based compensation expense							0
Proceeds from issuance of common units, net of underwriters’ discount and commissions							0
Partners Equity, End of Period					$ (275,739)		(275,739)
Partners' Capital, Other							(518)
Incentive Distribution Rights [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Partners Equity, Beginning of Period							(535)
Partners Equity, End of Period
Incentive Distribution Rights [Member] | PBF LLC [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Partners Equity, Beginning of Period							(535)
Quarterly distributions to unitholders (including IDRs)							(1,340)
Net income attributable to Partnership							1,639
Contributions from PBF LLC							0
Unit-based compensation expense							0
Proceeds from issuance of common units, net of underwriters’ discount and commissions							0
Partners Equity, End of Period					$ 882		882
Partners' Capital, Other							$ 1,118
PBF LLC [Member]
Capital Unit [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned				$ 30,500
PBF LLC [Member] | Limited Partner, Affiliate [Member]
Capital Unit [Line Items]
Limited partner interest percentage					49.40%		49.40%
PBF LLC [Member] | Common Units [Member] | Limited Partner [Member]
Capital Unit [Line Items]
Additional shares issued (in shares)				1,288,420
Phantom Unit Award [Member] | Common Units [Member] | Limited Partner [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Shares, Issued					111,224	59,507	111,224	59,507

EQUITY CASH DISTRIBUTIONS (Deta

EQUITY CASH DISTRIBUTIONS (Details) - USD ($) $ / shares in Units, $ in Thousands		May 31, 2016	Mar. 08, 2016	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2016	Jun. 30, 2015
Distribution Made to Limited Partner [Line Items]
Cash distribution		$ 16,419	$ 14,680
Distributions declared				$ 17,185		$ 13,030		$ 33,865	$ 25,245
Cash distribution (in dollars per share)		$ 0.42	$ 0.41
Cash distributions paid per unit (in dollars per share)				$ 0.43	$ 0.42	$ 0.37	$ 0.35	$ 0.85	$ 0.72
Cash Distribution [Member]
Distribution Made to Limited Partner [Line Items]
Distributions declared	[1]			$ 16,937		$ 12,852		$ 33,356	$ 24,878
Incentive Distribution Rights - PBF LLC [Member]
Distribution Made to Limited Partner [Line Items]
Distributions declared				882		151		1,639	181
Limited Partner Common Units, PBF LLC [Member]
Distribution Made to Limited Partner [Line Items]
Distributions declared				1,106		952		2,187	1,853
Limited Partner, Subordinated Units [Member]
Distribution Made to Limited Partner [Line Items]
Distributions declared				6,831		5,878		13,503	11,438
Limited Partner Common Units, Public [Member]
Distribution Made to Limited Partner [Line Items]
Distributions declared				$ 8,366		$ 6,049		$ 16,536	$ 11,773
[1]	Excludes phantom unit distributions which are accrued and paid upon vesting.

UNIT-BASED COMPENSATION (Detail

UNIT-BASED COMPENSATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Unit-based compensation expense	$ 1,981	$ 683	$ 2,710	$ 1,613
Unit-based compensation expense associated with accelerated vesting	$ 1,123	$ 0	$ 1,123	$ 510
Long-Term Incentive Plan [Member] | Phantom Unit Award [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Service vesting period			4 years

NET INCOME PER UNIT (Details)

NET INCOME PER UNIT (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 05, 2016	May 14, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net Income (loss)			$ 16,254	$ 19,804	$ 35,348	$ 37,565
Distributions declared			17,185	13,030	33,865	25,245
Earnings less distributions			(931)	6,774	1,483	12,320
Net income			$ 16,254	$ 19,804	$ 35,348	$ 37,565
Phantom Unit Award [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			502,630	437,485	528,880	442,375
Limited Partner Common Units, Public [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Distributions declared			$ 8,366	$ 6,049	$ 16,536	$ 11,773
Earnings less distributions			(647)	3,168	(324)	5,454
Net income			$ 7,719	$ 9,217	$ 16,212	$ 17,227
Weighted-average units outstanding - basic (in shares)			18,676,025	15,834,092	17,300,350	15,823,475
Weighted-average units outstanding - diluted (in shares)			18,691,746	15,858,690	17,308,395	15,836,069
Net income per limited partner unit - basic (in dollars per share)			$ 0.41	$ 0.58	$ 0.94	$ 1.09
Net income per limited partner unit - diluted (in dollars per share)			$ 0.41	$ 0.58	$ 0.94	$ 1.09
Common Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common units sold in public offering (in shares)	2,875,000				18,876,597
Limited Partner Common Units, PBF LLC [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Distributions declared			$ 1,106	$ 952	$ 2,187	$ 1,853
Earnings less distributions			(39)	168	252	(84)
Net income			$ 1,067	$ 1,120	$ 2,439	$ 1,769
Weighted-average units outstanding - basic (in shares)			2,572,944	1,942,739	2,572,944	1,619,086
Weighted-average units outstanding - diluted (in shares)			2,572,944	1,942,739	2,572,944	1,619,086
Net income per limited partner unit - basic (in dollars per share)			$ 0.41	$ 0.58	$ 0.95	$ 1.09
Net income per limited partner unit - diluted (in dollars per share)			$ 0.41	$ 0.58	$ 0.95	$ 1.09
Limited Partner, Subordinated Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Distributions declared			$ 6,831	$ 5,878	$ 13,503	$ 11,438
Earnings less distributions			(245)	3,368	1,555	5,857
Net income			$ 6,586	$ 9,246	$ 15,058	$ 17,295
Weighted-average units outstanding - basic (in shares)			15,886,553	15,886,553	15,886,553	15,886,553
Weighted-average units outstanding - diluted (in shares)			15,886,553	15,886,553	15,886,553	15,886,553
Net income per limited partner unit - basic (in dollars per share)			$ 0.41	$ 0.58	$ 0.95	$ 1.09
Net income per limited partner unit - diluted (in dollars per share)			$ 0.41	$ 0.58	$ 0.95	$ 1.09
Incentive Distribution Rights - PBF LLC [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Distributions declared			$ 882	$ 151	$ 1,639	$ 181
Earnings less distributions			0	70	0	1,093
Net income			$ 882	$ 221	$ 1,639	$ 1,274
Limited Partner [Member] | PBF LLC [Member] | Common Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Additional shares issued (in shares)		1,288,420
Limited Partner [Member] | Delaware City West Heavy Crude Unloading Rack [Member] | PBF LLC [Member] | Common Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Additional shares issued (in shares)							1,288,420,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	6 Months Ended
	Jun. 30, 2016USD ($)
Environmental Issue [Member]
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies	$ 2,273,000
Accrual for Environmental Loss Contingencies, Discount Rate	1.83%
Accrual For Environmental Loss Contingencies, Expected Future Payments	$ 1,250,000
Accrual For Environmental Loss Contingencies, Expected Payment Period	5 years
DCR Assets [Member] | Environmental Issue [Member] | Valero [Member]
Loss Contingencies [Line Items]
Pre-acquisition environmental obligations	$ 75,000,000
DCR Assets [Member] | Environmental Issue [Member] | PBF Energy and Valero [Member]
Loss Contingencies [Line Items]
Pre-acquisition environmental obligations	$ 20,000,000
Environmental insurance policy term	10 years
PBF Logistics Products Terminals LLC [Member] | Environmental Issue [Member]
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies, Gross	$ 2,500,000
Maximum [Member]
Loss Contingencies [Line Items]
Accrual For Environmental Loss Contingencies, Expected Future Payments	$ 250,000
Maximum [Member] | Environmental Issue [Member]
Loss Contingencies [Line Items]
Accrual For Environmental Loss Contingencies, Expected Payment Period	10 years

RELATED PARTY TRANSACTIONS COMM

RELATED PARTY TRANSACTIONS COMMERICAL AGREEMENTS (Details)	May 15, 2015renewal	Jun. 30, 2016bbl / d	Dec. 31, 2015	Jan. 01, 2016$ / bbl
Related Party Transaction [Line Items]
Number of Contract Renewals | renewal	2
Term of Renewal	5 years
Delaware City Rail Unloading Terminal [Member]
Related Party Transaction [Line Items]
Term of Agreement			7 years
Toledo Truck Unloading Terminal [Member]
Related Party Transaction [Line Items]
Term of Agreement			7 years
Delaware City West Heavy Crude Unloading Rack [Member]
Related Party Transaction [Line Items]
Term of Agreement			7 years
Toledo Storage Facility [Member]
Related Party Transaction [Line Items]
Term of Agreement			10 years
Delaware City Pipeline Services Agreement [Member]
Related Party Transaction [Line Items]
Term of Agreement	10 years
Delaware Truck Loading Services Agreement [Member]
Related Party Transaction [Line Items]
Term of Agreement	10 years
Minimum [Member]
Related Party Transaction [Line Items]
Term of Agreement			7 years
Maximum [Member]
Related Party Transaction [Line Items]
Term of Agreement			10 years
East Coast Terminals commercial agreements [Member] | Minimum [Member] | East Coast Terminals [Member]
Related Party Transaction [Line Items]
Term of Agreement		3 months
Term of Renewal		3 months
East Coast Terminals commercial agreements [Member] | Maximum [Member] | East Coast Terminals [Member]
Related Party Transaction [Line Items]
Term of Agreement		1 year
Term of Renewal		1 year
PBF Holding [Member] | East Coast Terminals commercial agreements [Member] | East Coast Terminals [Member]
Related Party Transaction [Line Items]
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | bbl / d		448,000
Related Party Transaction, Notice Of Withdrawal Period		30 days
PBF Holding [Member] | East Coast Terminals commercial agreements [Member] | Minimum [Member] | East Coast Terminals [Member]
Related Party Transaction [Line Items]
Oil And Gas Plant, Storage Services Fee				0.45
Oil And Gas Plant, Terminaling Services Fee, Base Commitment				0.10
PBF Holding [Member] | East Coast Terminals commercial agreements [Member] | Maximum [Member] | East Coast Terminals [Member]
Related Party Transaction [Line Items]
Oil And Gas Plant, Storage Services Fee				0.55
Oil And Gas Plant, Terminaling Services Fee, Base Commitment				1.25
PBF Holding [Member] | DCR Terminaling Agreement [Member] | Delaware City Rail Unloading Terminal [Member]
Related Party Transaction [Line Items]
Oil And Gas Plant, Terminaling Services Fee, Base Commitment				2.014
Oil And Gas Plant, Terminaling Services Fee, Fee For Volume Above Minimum				0.503
PBF Holding [Member] | Toledo Terminaling Agreement [Member] | Toledo Truck Unloading Terminal [Member]
Related Party Transaction [Line Items]
Oil And Gas Plant, Terminaling Services Fee, Base Commitment				1.007

RELATED PARTY TRANSACTIONS OMNI

RELATED PARTY TRANSACTIONS OMNIBUS AGREEMENT (Details)	6 Months Ended
	Jun. 30, 2016USD ($)
PBF LLC [Member] | Omnibus Agreement [Member]
Related Party Transaction [Line Items]
Administrative fee	$ 2,350,000

RELATED PARTY TRANSACTIONS SU42

RELATED PARTY TRANSACTIONS SUMMARY OF TRANSACTION (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2015	Jan. 01, 2016$ / bbl
Related Party Transaction [Line Items]
Affiliate | $	$ 37,965	$ 34,868	$ 74,514	$ 67,713
Operating and maintenance expenses | $	1,121	1,134	2,243	2,290
General and administrative expenses | $	$ 1,415	$ 1,234	$ 2,259	$ 2,470
Maximum [Member]
Related Party Transaction [Line Items]
Term of Agreement					10 years
Maximum [Member] | East Coast Terminals [Member] | East Coast Terminals commercial agreements [Member]
Related Party Transaction [Line Items]
Term of Agreement	1 year
Maximum [Member] | East Coast Terminals [Member] | PBF Holding [Member] | East Coast Terminals commercial agreements [Member]
Related Party Transaction [Line Items]
Oil And Gas Plant, Storage Service Fee, Fee For Volume Above Minimum						0.351
Oil And Gas Plant, Terminaling Services Fee, Base Commitment						1.25
Oil And Gas Plant, Storage Services Fee						0.55
Minimum [Member]
Related Party Transaction [Line Items]
Term of Agreement					7 years
Minimum [Member] | East Coast Terminals [Member] | East Coast Terminals commercial agreements [Member]
Related Party Transaction [Line Items]
Term of Agreement	3 months
Minimum [Member] | East Coast Terminals [Member] | PBF Holding [Member] | East Coast Terminals commercial agreements [Member]
Related Party Transaction [Line Items]
Oil And Gas Plant, Storage Service Fee, Fee For Volume Above Minimum						0.30
Oil And Gas Plant, Terminaling Services Fee, Base Commitment						0.10
Oil And Gas Plant, Storage Services Fee						0.45

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)segment	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Segment Reporting Information [Line Items]
Reportable segments | segment			2
Revenues	$ 40,659	$ 34,868	$ 77,208	$ 67,713
Depreciation and amortization	2,142	1,637	3,782	3,270
Income (loss) from operations	23,888	24,734	50,211	44,450
Interest expense, net and amortization of loan fees	7,634	4,930	14,863	6,885
Capital expenditures	99,963	144	100,402	220
Total assets	458,582		458,582		$ 422,902
Terminaling Segment [Member]
Segment Reporting Information [Line Items]
Revenues	35,297	29,642	66,364	56,962
Depreciation and amortization	1,556	993	2,547	1,984
Income (loss) from operations	28,323	25,620	54,270	45,422
Interest expense, net and amortization of loan fees	0	0	0	0
Capital expenditures	99,202	144	99,202	220
Total assets	214,721		214,721		112,826
Storage Segment [Member]
Segment Reporting Information [Line Items]
Revenues	5,362	5,226	10,844	10,751
Depreciation and amortization	586	644	1,235	1,286
Income (loss) from operations	2,474	2,843	5,415	5,819
Interest expense, net and amortization of loan fees	0	0	0	0
Capital expenditures	761	0	1,200	0
Total assets	57,209		57,209		56,846
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Depreciation and amortization	0	0	0	0
Income (loss) from operations	(6,909)	(3,729)	(9,474)	(6,791)
Interest expense, net and amortization of loan fees	7,634	4,930	14,863	6,885
Capital expenditures	0	$ 0	0	$ 0
Total assets	$ 186,652		$ 186,652		$ 253,230

SUBSEQUENT EVENTS Subsequent ev

SUBSEQUENT EVENTS Subsequent event (Details)	Jul. 29, 2016$ / shares
Subsequent Event [Member]
Subsequent Event [Line Items]
Cash distribution (in dollars per share)	$ 0.43

CONDENSED CONSOLIDATING FINAN45

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS CONDENSED CONSOLIDATING BALANCE SHEET (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Cash and cash equivalents		$ 49,883	$ 18,678	$ 6,660	$ 14,165
Marketable securities - current		136,144	0
Due from Affiliates		0	0
Prepaid expenses and other current assets		5,001	469
Due from Related Parties, Current		21,904	23,949
Accounts receivable, net		2,462	0
Total current assets		215,394	43,096
Property, plant and equipment, net		243,188	145,548
Investment in subsidiaries		0	0
Marketable securities		0	234,258
Total assets		458,582	422,902
Accounts payable - affiliates		3,850	3,438
Due to Affiliate		0	0
Accounts payable and accrued liabilities		9,242	5,504
Current portion of long-term debt	[1]	135,864	0
Deferred revenue		638
Total current liabilities		149,594	8,942
Long-term debt		434,978	599,635
Other long-term liabilities		2,023	0
Total liabilities		586,595	608,577
Other Partners' Capital		0	0
Partners Equity		(128,013)	(185,675)
Liabilities and Equity		458,582	422,902
Incentive Distribution Rights [Member]
Partners Equity			(535)
Incentive Distribution Rights [Member] | PBF LLC [Member]
Partners Equity		882	(535)
Subordinated Units [Member]
Partners Equity		(275,739)	(277,094)
Subordinated Units [Member] | PBF LLC [Member]
Partners Equity		(275,739)	(277,094)
Subordinated Units [Member] | Limited Partner, Affiliate [Member] | PBF LLC [Member]
Partners Equity		(275,739)	(277,094)
Common Units [Member] | Limited Partner, Affiliate [Member]
Partners Equity		(231,825)	(248,363)
Common Units [Member] | Limited Partner, Affiliate [Member] | PBF LLC [Member]
Partners Equity		(231,825)	(248,363)
Common Units [Member] | Limited Partner, Public [Member]
Partners Equity		378,669	340,317
Operating Segments [Member] | Non-Guarantor Subsidiaries [Member]
Cash and cash equivalents		0	0	0	0
Marketable securities - current		0
Due from Affiliates		0	0
Prepaid expenses and other current assets		0	0
Due from Related Parties, Current		0	0
Accounts receivable, net		0
Total current assets		0	0
Property, plant and equipment, net		0	0
Investment in subsidiaries		0	0
Marketable securities			0
Total assets		0	0
Accounts payable - affiliates		0	0
Due to Affiliate		0	0
Accounts payable and accrued liabilities		0	0
Current portion of long-term debt		0
Deferred revenue		0
Total current liabilities		0	0
Long-term debt		0	0
Other long-term liabilities		0
Total liabilities		0	0
Other Partners' Capital		0	0
Partners Equity		0	0
Liabilities and Equity		0	0
Operating Segments [Member] | Guarantor Subsidiaries [Member]
Cash and cash equivalents		688	0	0	0
Marketable securities - current		0
Due from Affiliates		190,667	127,373
Prepaid expenses and other current assets		4,378	179
Due from Related Parties, Current		21,819	23,949
Accounts receivable, net		2,462
Total current assets		220,014	151,501
Property, plant and equipment, net		243,188	145,548
Investment in subsidiaries		0	0
Marketable securities			0
Total assets		463,202	297,049
Accounts payable - affiliates		2,348	2,864
Due to Affiliate		2,931	1,287
Accounts payable and accrued liabilities		3,792	487
Current portion of long-term debt		0
Deferred revenue		638
Total current liabilities		9,709	4,638
Long-term debt		0	0
Other long-term liabilities		2,023
Total liabilities		11,732	4,638
Other Partners' Capital		451,470	292,411
Partners Equity		451,470	292,411
Liabilities and Equity		463,202	297,049
Operating Segments [Member] | Subsidiary Issuer [Member]
Cash and cash equivalents		49,195	18,678	6,660	14,165
Marketable securities - current		136,144
Due from Affiliates		2,931	1,287
Prepaid expenses and other current assets		623	290
Due from Related Parties, Current		85	0
Accounts receivable, net		0
Total current assets		188,978	20,255
Property, plant and equipment, net		0	0
Investment in subsidiaries		451,470	292,411
Marketable securities			234,258
Total assets		640,448	546,924
Accounts payable - affiliates		1,502	574
Due to Affiliate		190,667	127,373
Accounts payable and accrued liabilities		5,450	5,017
Current portion of long-term debt		135,864
Deferred revenue		0
Total current liabilities		333,483	132,964
Long-term debt		434,978	599,635
Other long-term liabilities		0
Total liabilities		768,461	732,599
Other Partners' Capital		0	0
Partners Equity		(128,013)	(185,675)
Liabilities and Equity		640,448	546,924
Operating Segments [Member] | Incentive Distribution Rights [Member] | Non-Guarantor Subsidiaries [Member]
Partners Equity		0	0
Operating Segments [Member] | Incentive Distribution Rights [Member] | Guarantor Subsidiaries [Member]
Partners Equity		0	0
Operating Segments [Member] | Incentive Distribution Rights [Member] | Subsidiary Issuer [Member]
Partners Equity		882	(535)
Operating Segments [Member] | Subordinated Units [Member] | Non-Guarantor Subsidiaries [Member]
Partners Equity		0	0
Operating Segments [Member] | Subordinated Units [Member] | Guarantor Subsidiaries [Member]
Partners Equity		0	0
Operating Segments [Member] | Subordinated Units [Member] | Subsidiary Issuer [Member]
Partners Equity		(275,739)	(277,094)
Operating Segments [Member] | Common Units [Member] | Limited Partner, Affiliate [Member] | Non-Guarantor Subsidiaries [Member]
Partners Equity		0	0
Operating Segments [Member] | Common Units [Member] | Limited Partner, Affiliate [Member] | Guarantor Subsidiaries [Member]
Partners Equity		0	0
Operating Segments [Member] | Common Units [Member] | Limited Partner, Affiliate [Member] | Subsidiary Issuer [Member]
Partners Equity		(231,825)	(248,363)
Operating Segments [Member] | Common Units [Member] | Limited Partner, Public [Member] | Non-Guarantor Subsidiaries [Member]
Partners Equity		0	0
Operating Segments [Member] | Common Units [Member] | Limited Partner, Public [Member] | Guarantor Subsidiaries [Member]
Partners Equity		0	0
Operating Segments [Member] | Common Units [Member] | Limited Partner, Public [Member] | Subsidiary Issuer [Member]
Partners Equity		378,669	340,317
Consolidation, Eliminations [Member]
Cash and cash equivalents		0	0	$ 0	$ 0
Marketable securities - current		0
Due from Affiliates		(193,598)	(128,660)
Prepaid expenses and other current assets		0	0
Due from Related Parties, Current		0	0
Accounts receivable, net		0
Total current assets		(193,598)	(128,660)
Property, plant and equipment, net			0
Investment in subsidiaries		(451,470)	(292,411)
Marketable securities		0	0
Total assets		(645,068)	(421,071)
Accounts payable - affiliates		0	0
Due to Affiliate		(193,598)	(128,660)
Accounts payable and accrued liabilities		0	0
Current portion of long-term debt		0
Deferred revenue		0
Total current liabilities		(193,598)	(128,660)
Long-term debt		0	0
Other long-term liabilities		0
Total liabilities		(193,598)	(128,660)
Other Partners' Capital		(451,470)	(292,411)
Partners Equity		(451,470)	(292,411)
Liabilities and Equity		(645,068)	(421,071)
Consolidation, Eliminations [Member] | Incentive Distribution Rights [Member]
Partners Equity		0	0
Consolidation, Eliminations [Member] | Subordinated Units [Member]
Partners Equity		0	0
Consolidation, Eliminations [Member] | Common Units [Member] | Limited Partner, Affiliate [Member]
Partners Equity		0	0
Consolidation, Eliminations [Member] | Common Units [Member] | Limited Partner, Public [Member]
Partners Equity		$ 0	$ 0
[1]	PBFX’s Term Loan matures in May 2017 and has been classified as current on the balance sheet as of June 30, 2016. Additionally, Marketable securities have also been classified as current on the balance sheet as of June 30, 2016 as these securities collateralize the Term Loan.

CONDENSED CONSOLIDATING FINAN46

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Affiliate	$ 37,965,000	$ 34,868,000	$ 74,514,000	$ 67,713,000
Third-party	2,694,000	0	2,694,000	0
Total revenue	40,659,000	34,868,000	77,208,000	67,713,000
Operating and maintenance expenses	7,720,000	4,768,000	13,741,000	13,202,000
General and administrative expenses	6,909,000	3,729,000	9,474,000	6,791,000
Depreciation and amortization	2,142,000	1,637,000	3,782,000	3,270,000
Total costs and expenses	16,771,000	10,134,000	26,997,000	23,263,000
Income from operations	23,888,000	24,734,000	50,211,000	44,450,000
Equity in earnings (loss) of subsidiaries	0	0	0	0
Interest expense, net	(7,212,000)	(4,624,000)	(14,018,000)	(6,418,000)
Amortization of loan fees	(422,000)	(306,000)	(845,000)	(467,000)
Net Income (loss)	16,254,000	19,804,000	35,348,000	37,565,000
Less: Net income attributable to Predecessor	0	221,000	0	1,274,000
Net income attributable to the Partnership	16,254,000	19,583,000	35,348,000	36,291,000
Operating Segments [Member] | Subsidiary Issuer [Member]
Affiliate	0	0	0	0
Third-party	0	0	0	0
Total revenue	0	0	0	0
Operating and maintenance expenses	0	0	0	0
General and administrative expenses	6,909,000	3,347,000	9,474,000	6,302,000
Depreciation and amortization	0	0	0	0
Total costs and expenses	6,909,000	3,347,000	9,474,000	6,302,000
Income from operations	(6,909,000)	(3,347,000)	(9,474,000)	(6,302,000)
Equity in earnings (loss) of subsidiaries	30,797,000	28,084,000	59,685,000	50,765,000
Interest expense, net	(7,212,000)	(4,627,000)	(14,018,000)	(6,431,000)
Amortization of loan fees	(422,000)	(306,000)	(845,000)	(467,000)
Net Income (loss)	16,254,000	19,804,000	35,348,000	37,565,000
Less: Net income attributable to Predecessor	0	0	0	0
Net income attributable to the Partnership	16,254,000	19,804,000	35,348,000	37,565,000
Operating Segments [Member] | Guarantor Subsidiaries [Member]
Affiliate	37,965,000	34,868,000	74,514,000	67,713,000
Third-party	2,694,000	0	2,694,000	0
Total revenue	40,659,000	34,868,000	77,208,000	67,713,000
Operating and maintenance expenses	7,720,000	4,768,000	13,741,000	13,210,000
General and administrative expenses	0	382,000	0	481,000
Depreciation and amortization	2,142,000	1,637,000	3,782,000	3,270,000
Total costs and expenses	9,862,000	6,787,000	17,523,000	16,961,000
Income from operations	30,797,000	28,081,000	59,685,000	50,752,000
Equity in earnings (loss) of subsidiaries	0	0	0	0
Interest expense, net	0	3,000	0	13,000
Amortization of loan fees	0	0	0	0
Net Income (loss)	30,797,000	28,084,000	59,685,000	50,765,000
Less: Net income attributable to Predecessor	0	221,000	0	1,274,000
Net income attributable to the Partnership	30,797,000	27,863,000	59,685,000	49,491,000
Operating Segments [Member] | Non-Guarantor Subsidiaries [Member]
Affiliate	0	0	0	0
Third-party	0	0	0	0
Total revenue	0	0	0	0
Operating and maintenance expenses	0	0	0	0
General and administrative expenses	0	0	0	0
Depreciation and amortization	0	0	0	0
Total costs and expenses	0	0	0	0
Income from operations	0	0	0	0
Equity in earnings (loss) of subsidiaries	0	0	0	0
Interest expense, net	0	0	0	0
Amortization of loan fees	0	0	0	0
Net Income (loss)	0	0	0	0
Less: Net income attributable to Predecessor	0	0	0	0
Net income attributable to the Partnership	0	0	0	0
Consolidation, Eliminations [Member]
Affiliate	0	0	0	0
Third-party	0	0	0	0
Total revenue	0	0	0	0
Operating and maintenance expenses	0	0	0	(8,000)
General and administrative expenses	0	0	0	8,000
Depreciation and amortization	0	0	0	0
Total costs and expenses	0	0	0	0
Income from operations	0	0	0	0
Equity in earnings (loss) of subsidiaries	(30,797,000)	(28,084,000)	(59,685,000)	(50,765,000)
Interest expense, net	0	0	0	0
Amortization of loan fees	0	0	0	0
Net Income (loss)	(30,797,000)	(28,084,000)	(59,685,000)	(50,765,000)
Less: Net income attributable to Predecessor	0	0	0	0
Net income attributable to the Partnership	$ (30,797,000)	$ (28,084,000)	$ (59,685,000)	$ (50,765,000)

CONDENSED CONSOLIDATING FINAN47

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014
Net income	$ 16,254	$ 19,804	$ 35,348	$ 37,565
Depreciation and amortization	2,142	1,637	3,782	3,270
Amortization of deferred financing fees	422	306	845	467
Unit-based compensation expense	1,981	683	2,710	1,613
Equity in earnings	0	0	0	0
Accounts receivable - affiliates			2,045	(8,703)
Accounts receivable, net			(2,462)	0
Prepaid expenses and other current assets			(348)	(319)
Accounts payable - affiliates			412	(1,392)
Accounts payable and accrued liabilities			138	5,507
Amounts due to/from related parties			0	0
Deferred revenue			638	0
Other assets and liabilities			265	20
Net cash provided by operations			42,843	37,988
Capital expenditures				220
Plains Asset Purchase			(98,336)	0
Expenditures for property, plant and equipment			2,066	220
Purchase of marketable securities			(1,310,000)	(1,379,386)
Maturities of marketable securities			1,408,124	1,380,085
Investment in subsidiaries			0	0
Net cash (used in) provided by investing activities			(2,278)	479
Proceeds from issuance of common units, net of underwriters’ discount and commissions			51,575	0
Distribution to PBF LLC related to acquisitions				(112,500)
Distributions to unitholders			(31,099)	(22,911)
Distribution to Parent			0	(1,036)
Contribution from Issuer			0
Proceeds from senior notes			0	350,000
Proceeds from revolving credit agreement			98,500	24,500
Repayment of revolving credit agreement			(30,000)	(275,100)
Repayment of term loan			98,336	700
Deferred financing costs			0	8,225
Net cash used in financing activities			(9,360)	(45,972)
Net change in cash and cash equivalents			31,205	(7,505)
Cash and cash equivalents	49,883	6,660	49,883	6,660	$ 18,678	$ 14,165
Operating Segments [Member] | Subsidiary Issuer [Member]
Net income			35,348	37,565
Depreciation and amortization	0	0	0	0
Amortization of deferred financing fees	422	306	845	467
Unit-based compensation expense			2,710	1,613
Equity in earnings	(30,797)	(28,084)	(59,685)	(50,765)
Accounts receivable - affiliates			(85)	0
Accounts receivable, net			0
Prepaid expenses and other current assets			(333)	(262)
Accounts payable - affiliates			928	(11)
Accounts payable and accrued liabilities			7	5,865
Amounts due to/from related parties			61,650	42,660
Deferred revenue			0
Other assets and liabilities			273	20
Net cash provided by operations			41,112	37,112
Capital expenditures				0
Plains Asset Purchase			(98,336)
Expenditures for property, plant and equipment			0
Purchase of marketable securities			(1,310,000)	(1,379,386)
Maturities of marketable securities			1,408,124	1,380,085
Investment in subsidiaries			(1,023)	(380)
Net cash (used in) provided by investing activities			(1,235)	319
Proceeds from issuance of common units, net of underwriters’ discount and commissions			51,575
Distribution to PBF LLC related to acquisitions				(112,500)
Distributions to unitholders			(31,099)	(22,911)
Distribution to Parent				0
Contribution from Issuer			0
Proceeds from senior notes				350,000
Proceeds from revolving credit agreement			98,500	24,500
Repayment of revolving credit agreement			(30,000)	(275,100)
Repayment of term loan			98,336	700
Deferred financing costs				8,225
Net cash used in financing activities			(9,360)	(44,936)
Net change in cash and cash equivalents			30,517	(7,505)
Cash and cash equivalents	49,195	6,660	49,195	6,660	18,678	14,165
Operating Segments [Member] | Guarantor Subsidiaries [Member]
Net income			59,685	50,765
Depreciation and amortization	2,142	1,637	3,782	3,270
Amortization of deferred financing fees	0	0	0	0
Unit-based compensation expense			0	0
Equity in earnings	0	0	0	0
Accounts receivable - affiliates			2,130	(8,703)
Accounts receivable, net			(2,462)
Prepaid expenses and other current assets			(15)	(57)
Accounts payable - affiliates			(516)	(1,381)
Accounts payable and accrued liabilities			131	(358)
Amounts due to/from related parties			(61,650)	(42,660)
Deferred revenue			638
Other assets and liabilities			(8)	0
Net cash provided by operations			1,731	876
Capital expenditures				220
Plains Asset Purchase			0
Expenditures for property, plant and equipment			2,066
Purchase of marketable securities			0	0
Maturities of marketable securities			0	0
Investment in subsidiaries			0	0
Net cash (used in) provided by investing activities			(2,066)	(220)
Proceeds from issuance of common units, net of underwriters’ discount and commissions			0
Distribution to PBF LLC related to acquisitions				380
Distributions to unitholders			0	0
Distribution to Parent				(1,036)
Contribution from Issuer			1,023
Proceeds from senior notes				0
Proceeds from revolving credit agreement			0	0
Repayment of revolving credit agreement			0	0
Repayment of term loan			0	0
Deferred financing costs				0
Net cash used in financing activities			1,023	(656)
Net change in cash and cash equivalents			688	0
Cash and cash equivalents	688	0	688	0	0	0
Operating Segments [Member] | Non-Guarantor Subsidiaries [Member]
Net income			0	0
Depreciation and amortization	0	0	0	0
Amortization of deferred financing fees	0	0	0	0
Unit-based compensation expense			0	0
Equity in earnings	0	0	0	0
Accounts receivable - affiliates			0	0
Accounts receivable, net			0
Prepaid expenses and other current assets			0	0
Accounts payable - affiliates			0	0
Accounts payable and accrued liabilities			0	0
Amounts due to/from related parties			0	0
Deferred revenue			0
Other assets and liabilities			0	0
Net cash provided by operations			0	0
Capital expenditures				0
Plains Asset Purchase			0
Expenditures for property, plant and equipment			0
Purchase of marketable securities			0	0
Maturities of marketable securities			0	0
Investment in subsidiaries			0	0
Net cash (used in) provided by investing activities			0	0
Proceeds from issuance of common units, net of underwriters’ discount and commissions			0
Distribution to PBF LLC related to acquisitions				0
Distributions to unitholders			0	0
Distribution to Parent				0
Contribution from Issuer			0
Proceeds from senior notes				0
Proceeds from revolving credit agreement			0	0
Repayment of revolving credit agreement			0	0
Repayment of term loan			0	0
Deferred financing costs				0
Net cash used in financing activities			0	0
Net change in cash and cash equivalents			0	0
Cash and cash equivalents	0	0	0	0	0	0
Consolidation, Eliminations [Member]
Net income			(59,685)	(50,765)
Depreciation and amortization	0	0	0	0
Amortization of deferred financing fees	0	0	0	0
Unit-based compensation expense			0	0
Equity in earnings	30,797	28,084	59,685	50,765
Accounts receivable - affiliates			0	0
Accounts receivable, net			0
Prepaid expenses and other current assets			0	0
Accounts payable - affiliates			0	0
Accounts payable and accrued liabilities			0	0
Amounts due to/from related parties			0	0
Deferred revenue			0
Other assets and liabilities			0	0
Net cash provided by operations			0	0
Capital expenditures				0
Plains Asset Purchase			0
Expenditures for property, plant and equipment			0
Purchase of marketable securities			0	0
Maturities of marketable securities			0	0
Investment in subsidiaries			1,023	380
Net cash (used in) provided by investing activities			1,023	380
Proceeds from issuance of common units, net of underwriters’ discount and commissions			0
Distribution to PBF LLC related to acquisitions				(380)
Distributions to unitholders			0	0
Distribution to Parent				0
Contribution from Issuer			(1,023)
Proceeds from senior notes				0
Proceeds from revolving credit agreement			0	0
Repayment of revolving credit agreement			0	0
Repayment of term loan			0	0
Deferred financing costs				0
Net cash used in financing activities			(1,023)	(380)
Net change in cash and cash equivalents			0	0
Cash and cash equivalents	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0