PBF Logistics (PBFX) 10-Q 28 Apr 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	Apr. 22, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-36446
Entity Registrant Name	PBF LOGISTICS LP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	35-2470286
Entity Address, Address Line One	One Sylvan Way, Second Floor
Entity Address, City or Town	Parsippany,
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07054
City Area Code	973
Local Phone Number	455-7500
Title of 12(b) Security	Common Units Representing Limited Partner Interests
Trading Symbol	PBFX
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Smaller Reporting Company	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Units, Units Outstanding (in shares)		62,597,855
Entity Central Index Key	0001582568
Amendment Flag	false
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 53,329	$ 33,904
Accounts receivable - affiliates	51,872	61,724
Accounts receivable	5,041	5,549
Prepaids and other current assets	3,319	3,476
Total current assets	113,561	104,653
Property, plant and equipment, net	779,422	787,338
Goodwill	6,332	6,332
Other non-current assets	3,635	2,974
Total assets	902,950	901,297
Current liabilities:
Accounts payable - affiliates	4,399	4,096
Accounts payable	7,061	5,394
Accrued liabilities	21,666	16,812
Deferred revenue	2,724	2,372
Total current liabilities	35,850	28,674
Long-term debt	597,962	622,544
Other long-term liabilities	2,448	1,383
Total liabilities	636,260	652,601
Commitments and contingencies (Note 9)
Equity:
Common unitholders (62,597,855 and 62,574,644 units issued and outstanding, as of March 31, 2022 and December 31, 2021, respectively)	266,690	248,696
Total equity	266,690	248,696
Total liabilities and equity	$ 902,950	$ 901,297

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - Common Units [Member] - shares	Mar. 31, 2022	Dec. 31, 2021
Common units issued (in shares)	62,597,855	62,574,644
Common units outstanding (in shares)	62,597,855	62,574,644

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue:
Affiliate	$ 75,985	$ 75,933
Third-party	13,458	11,572
Total revenue	89,443	87,505
Costs and expenses:
Operating and maintenance expenses	29,415	25,048
General and administrative expenses	3,911	4,464
Depreciation and amortization	9,484	9,405
Change in contingent consideration	238	655
Total costs and expenses	43,048	39,572
Income from operations	46,395	47,933
Other expense:
Interest expense, net	(9,713)	(10,287)
Amortization of loan fees and debt premium	(418)	(429)
Accretion on discounted liabilities	(5)	(6)
Net income	$ 36,259	$ 37,211
Common Units [Member]
Net income per limited partner unit:
Common units - basic (in dollars per share)	$ 0.58	$ 0.59
Common units - diluted (in dollars per share)	$ 0.58	$ 0.59
Weighted-average limited partner units outstanding:
Common units - basic (in shares)	62,896,848	62,646,664
Common units - diluted (in shares)	63,020,348	62,780,594

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income	$ 36,259	$ 37,211
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	9,484	9,405
Amortization of loan fees and debt premium	418	429
Accretion on discounted liabilities	5	6
Unit-based compensation expense	654	989
Change in contingent consideration	238	655
Changes in operating assets and liabilities:
Accounts receivable - affiliates	9,852	(5,755)
Accounts receivable	508	7,415
Prepaids and other current assets	157	735
Accounts payable - affiliates	303	701
Accounts payable	1,536	1,423
Accrued liabilities	7,286	1,357
Deferred revenue	352	337
Other assets and liabilities	270	(86)
Net cash provided by operating activities	67,322	54,822
Cash flows from investing activities:
Expenditures for property, plant and equipment	(1,433)	(1,254)
Net cash used in investing activities	(1,433)	(1,254)
Cash flows from financing activities:
Distributions to unitholders	(18,779)	(18,710)
Repayment of revolving credit facility	(25,000)	(15,000)
Payment of contingent consideration	(2,685)	(12,176)
Net cash used in financing activities	(46,464)	(45,886)
Net change in cash and cash equivalents	19,425	7,682
Cash and cash equivalents, beginning of period	33,904	36,284
Cash and cash equivalents, end of period	53,329	43,966
Supplemental disclosure of non-cash investing and financing activities:
Accrued and unpaid capital expenditures	$ 843	$ 3,147

DESCRIPTION OF THE BUSINESS AND

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2022
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 master 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 March 31, 2022, owned 99.2% 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 owned 29,953,631 PBFX common units constituting an aggregate of 47.9% limited partner interest in PBFX, with the remaining 52.1% limited partner interest owned by public unitholders as of March 31, 2022. PBFX engages in the processing of crude oil and the receiving, handling, storing and transferring of crude oil, refined products, natural gas and intermediates. The Partnership generally does not take ownership of or receive any payments based on the value of the crude oil, products, natural gas 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, and, as a result, the Partnership continues to generate a substantial majority of its revenue from transactions with PBF Holding. Additionally, certain of PBFX’s assets generate revenue from third-party transactions. Principles of Combination and Consolidation and Basis of Presentation In connection with, and subsequent to, PBFX’s initial public offering (“IPO”), the Partnership has acquired certain assets from PBF LLC (collectively referred to as the “Contributed Assets”). Such acquisitions completed subsequent to the IPO were made through a series of dropdown transactions with PBF LLC (collectively referred to as the “Acquisitions from PBF”). 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 transactions through which PBFX acquired the Contributed Assets were transfers of assets between entities under common control. The accompanying condensed consolidated financial statements and related notes present solely the consolidated financial position and consolidated financial results of PBFX. Refer to the Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Form 10-K”) for additional information regarding the Acquisitions from PBF and the agreements that were entered into or amended with related parties in connection with these acquisitions. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information. Accordingly, these unaudited condensed consolidated financial statements do not include all of the information and footnotes required by 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, results of operations and cash flows of PBFX for the periods presented. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the full year. The Predecessor generally did not operate its respective assets for the purpose of generating revenue independent of other PBF Energy businesses prior to the IPO or the effective dates of the Acquisitions from PBF. All intercompany accounts and transactions have been eliminated.

REVENUE

REVENUE	3 Months Ended
	Mar. 31, 2022
Revenues [Abstract]
REVENUE	2. REVENUE Revenue Recognition In accordance with FASB Accounting Standards Codification “Revenue from Contracts with Customers (Topic 606),” revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration to which the Partnership expects to be entitled in exchange for those goods or services. As disclosed in Note 11 “Segment Information” of the Notes to Condensed Consolidated Financial Statements, the Partnership’s business consists of two reportable segments: (i) Transportation and Terminaling and (ii) Storage. The following table provides information relating to the Partnership’s revenue for each service category by segment for the periods presented: Three Months Ended 2022 2021 Transportation and Terminaling Segment Terminaling $ 35,398 $ 38,835 Pipeline 22,302 20,574 Other 12,548 12,068 Total 70,248 71,477 Storage Segment Storage 15,197 13,748 Other 3,998 2,280 Total 19,195 16,028 Total Revenue $ 89,443 $ 87,505 PBFX recognizes revenue by charging fees for crude oil and refined products terminaling, pipeline, storage and processing services based on contractual rates applied to the greater of contractual minimum volume commitments (“MVCs”), as applicable, or actual volumes transferred, stored or processed. Minimum Volume Commitments Transportation and Terminaling Segment The Partnership’s Transportation and Terminaling segment consists of product terminals, pipelines, crude unloading facilities and other facilities capable of transporting and handling crude oil, refined products and natural gas. Certain of the affiliate and third-party Transportation and Terminaling commercial agreements contain MVCs. Under these commercial agreements, if the Partnership’s customer fails to transport its minimum throughput volumes during any specified period, the customer will pay the Partnership an amount equal to the difference in actual volumes transported and/or throughput and the minimum volumes required under the agreement multiplied by the applicable contractual rate (each a “deficiency payment”). Deficiency payments are initially recorded as deferred revenue on the Partnership’s balance sheets for all contracts in which the MVC deficiency makeup period is contractually longer than a fiscal quarter. Certain of the Partnership’s customers may apply deficiency payment amounts as a credit against volumes throughput in excess of its MVC, as applicable, during subsequent quarters under the terms of the applicable agreement. The Partnership recognizes operating revenue for the deficiency payments when credits are used for volumes transported in excess of MVCs or at the end of the contractual period. Unused credits determined to have a remote chance of being utilized by customers in the future are recognized as operating revenue in the period when that determination is made. The use or recognition of the credits is recorded as a reduction to deferred revenue. Storage Segment The Partnership earns storage revenue under crude oil and refined products storage contracts. In addition, the Partnership earns storage revenue under its processing agreement at its East Coast storage facility. Certain of these affiliate and third-party contracts contain capacity reservation agreements, under which the Partnership collects a fee for reserving storage capacity for customers in its facilities. Customers generally pay reservation fees based on the level of storage capacity reserved rather than the actual volumes stored. MVC Payments to be Received As of March 31, 2022, MVC payments to be received, based on future performance obligations of the Partnership, related to noncancellable commercial terminaling, pipeline and storage agreements were as follows: Remainder of 2022 $ 76,620 2023 94,499 2024 92,505 2025 92,252 2026 — Thereafter — Total MVC payments to be received (1)(2) $ 355,876 (1) All fixed consideration from contracts with customers is included in the amounts presented above. Variable consideration that is constrained or not required to be estimated is excluded. (2) Arrangements deemed leases are excluded from this table. Leases Lessor Disclosures The Partnership has leased certain of its assets under lease agreements with varying terms up to fifteen years, including leases of storage, terminaling, pipeline and processing assets. Certain of these leases include options to extend or renew the lease for one At inception, the Partnership determines if an arrangement contains a lease and whether that lease meets the classification criteria of a finance or operating lease. As of March 31, 2022, all of the Partnership’s leases have been determined to be operating leases. Some of the Partnership’s lease arrangements contain lease components ( e.g., MVCs) and non-lease components ( e.g., maintenance, labor charges, etc.). The Partnership accounts for the lease and non-lease components as a single lease component for every asset class. Certain of the Partnership’s lease agreements include MVCs that are adjusted periodically based on a specified index or rate. The leases are initially measured using the projected payments adjusted for the index or rate in effect at the commencement date. The Partnership’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Partnership expects to derive significant future benefits from its leased assets following the end of the lease term, as the remaining useful life would be sufficient to allow the Partnership to enter into new leases for such assets. In the normal course of business, the Partnership enters into contracts with PBF Holding and its refineries whereby PBF Holding and its refineries lease certain of the Partnership’s storage, terminaling and pipeline assets. The Partnership believes the terms and conditions under these leases are generally no less favorable to either party than those that could have been negotiated with unaffiliated parties with respect to similar services. The terms for these affiliate leases range from one The table below quantifies lease revenue for the three months ended March 31, 2022 and 2021: Three Months Ended 2022 2021 Affiliate $ 41,461 $ 36,848 Third-party 8,096 7,050 Total lease revenue $ 49,557 $ 43,898 Undiscounted Cash Flows The table below presents the fixed component of the undiscounted cash flows to be received for each of the periods presented for the Partnership’s operating leases with customers as of March 31, 2022: Remainder of 2022 $ 109,661 2023 138,030 2024 136,498 2025 109,816 2026 79,395 Thereafter 54,572 Total undiscounted cash flows to be received $ 627,972 Assets Under Lease The Partnership’s assets that are subject to lease are included in “Property, plant and equipment, net” within the Partnership’s condensed consolidated balance sheets. The table below quantifies, by category within property, plant and equipment, the assets that are subject to lease as of March 31, 2022 and December 31, 2021: March 31, December 31, Land $ 98,337 $ 98,337 Pipelines 322,479 322,437 Terminals and equipment 83,490 83,411 Storage facilities and processing units 183,493 183,493 687,799 687,678 Accumulated depreciation (140,107) (133,962) Net assets subject to lease $ 547,692 $ 553,716 Deferred Revenue The Partnership records deferred revenue when cash payments are received or due in advance of performance, including amounts which are refundable. Deferred revenue was $2,724 and $2,372 as of March 31, 2022 and December 31, 2021, respectively. Changes in deferred revenue are primarily driven by the timing and extent of cash payments received in advance of satisfying the Partnership’s performance obligations for the comparative periods. The Partnership’s payment terms vary by the type and location of the customer and the services offered. The period between invoicing and when payment is due is not significant ( i.e., generally within two months). For certain services and customer types, the Partnership requires payment before the services are performed for the customer.

CURRENT EXPECTED CREDIT LOSSES

CURRENT EXPECTED CREDIT LOSSES	3 Months Ended
	Mar. 31, 2022
Credit Loss [Abstract]
CURRENT EXPECTED CREDIT LOSSES	CURRENT EXPECTED CREDIT LOSSES Credit Losses The Partnership has exposure to credit losses through its collection of fees charged to customers for terminaling, pipeline, storage and processing services. The Partnership evaluates creditworthiness on an individual customer basis. The Partnership utilizes a financial review model for purposes of evaluating creditworthiness, which is based on information from financial statements and credit reports. The financial review model enables the Partnership to assess the customer’s risk profile and determine credit limits on the basis of their financial strength, including but not limited to, their liquidity, leverage, debt serviceability, longevity and how they pay their bills. The Partnership may require security in the form of letters of credit or cash payments in advance of product and services delivery for certain customers that are deemed higher risk. Additionally, the Partnership may hold customers’ product in storage at its facilities as collateral and/or deny access to its facilities, as allowable under commercial law or its contractual agreements, should payment not be received. The Partnership reviews each customer’s credit risk profile at least annually, or more frequently if warranted. Based on its credit assessments, the Partnership may adjust payment terms or limit available trade credit for customers, and customers within certain industries, which are deemed to be at a higher risk. The Partnership performs a quarterly allowance for doubtful accounts analysis to assess whether an allowance needs to be recorded for any outstanding trade receivables. In estimating credit losses, management reviews accounts that are past due, have known disputes or have experienced any negative credit events that may result in future collectability issues. There was no allowance for doubtful accounts recorded as of March 31, 2022 or December 31, 2021.

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net consisted of the following: March 31, December 31, Land $ 114,844 $ 114,844 Pipelines 346,554 346,512 Terminals and equipment 321,525 321,082 Storage facilities and processing units 202,729 202,729 Construction in progress 3,576 2,991 989,228 988,158 Accumulated depreciation (209,806) (200,820) Property, plant and equipment, net $ 779,422 $ 787,338

INTANGIBLES

INTANGIBLES	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLES	INTANGIBLES The Partnership’s net intangibles consisted of the following: March 31, December 31, Customer contracts $ 9,300 $ 9,300 Customer relationships 5,900 5,900 15,200 15,200 Accumulated amortization (12,522) (12,397) Total intangibles, net (1) $ 2,678 $ 2,803 (1) Total intangibles, net are included in “Other non-current assets” within the Partnership’s condensed consolidated balance sheets. Amortization expense was $125 for each of the three month periods ended March 31, 2022 and 2021.

DEBT

DEBT	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
DEBT	DEBT Total debt was comprised of the following: March 31, December 31, 2023 Notes $ 525,000 $ 525,000 Revolving Credit Facility (1)(2) 75,000 100,000 Total debt outstanding 600,000 625,000 Unamortized debt issuance costs (2,790) (3,383) Unamortized 2023 Notes premium 752 927 Net carrying value of debt $ 597,962 $ 622,544 ___________________ (1) As of March 31, 2022, PBFX had $3,508 of outstanding letters of credit and $421,492 available under its $500,000 amended and restated revolving credit facility with Wells Fargo Bank, National Association, as administrative agent and a syndicate of lenders (as amended, the “Revolving Credit Facility”). (2) During the three months ended March 31, 2022, PBFX made net repayments of $25,000 under the Revolving Credit Facility. 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.

EQUITY

EQUITY	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
EQUITY	EQUITY PBFX had 32,644,224 outstanding common units held by the public as of March 31, 2022. PBF LLC owns 29,953,631 PBFX common units constituting an aggregate of 47.9% of PBFX’s limited partner interest as of March 31, 2022. Unit Activity The partnership agreement authorizes PBFX to issue an unlimited number of additional partnership interests for the consideration of, and on the terms and conditions determined by, PBFX’s general partner without the approval of the unitholders. It is possible that PBFX will fund future acquisitions through the issuance of additional common units, subordinated units or other partnership interests. The following table presents changes in PBFX common units outstanding: Three Months Ended March 31, 2022 2022 2021 Balance at beginning of period 62,574,644 62,364,838 Vesting of phantom units, net of forfeitures 23,211 774 Balance at end of period 62,597,855 62,365,612 Additionally, 308,427 of the Partnership’s phantom units issued under the PBFX 2014 Long-Term Incentive Plan vested and were converted into common units held by certain directors, officers and current and former employees of our general partner or its affiliates during the year ended December 31, 2021. 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 following tables summarize the changes in the carrying amount of the Partnership’s equity during the three months ended March 31, 2022 and 2021: Common Units Balance at December 31, 2021 $ 248,696 Quarterly distributions to unitholders ($0.30 per unit) (19,000) Net income attributable to the partners 36,259 Unit-based compensation expense 654 Other 81 Balance at March 31, 2022 $ 266,690 Common Units Balance at December 31, 2020 $ 167,217 Quarterly distributions to unitholders ($0.30 per unit) (18,926) Net income attributable to the partners 37,211 Unit-based compensation expense 989 Other 15 Balance at March 31, 2021 $ 186,506 Cash Distributions PBFX’s partnership agreement sets forth the calculation to be used to determine the amount and priority of cash distributions that the unitholders and general partner will receive. During the three months ended March 31, 2022, PBFX made distribution payments as follows: Related Earnings Period: Q4 2021 Distribution date March 10, 2022 Record date February 24, 2022 Per unit $ 0.30 To public common unitholders $ 9,793 To PBF LLC $ 8,986 Total distribution $ 18,779 The quarterly distributions to limited partners for the three months ended March 31, 2022 and 2021 are shown in the table below. The Partnership’s distributions are declared subsequent to quarter end (distributions of $0.30 per unit were declared for each of the three-month periods ended March 31, 2022 and 2021); therefore, the table represents total estimated distributions applicable to the period in which the distributions were earned: Three Months Ended 2022 2021 Limited partners’ distributions: Common $ 18,986 $ 18,924 Total distributions $ 18,986 $ 18,924 Total cash distributions (1) $ 18,823 $ 18,755 (1) Excludes phantom unit distributions, which are accrued and paid upon vesting.

NET INCOME PER UNIT

NET INCOME PER UNIT	3 Months Ended
	Mar. 31, 2022
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 ownership 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 effect of potentially dilutive units of PBFX’s common units that consist of unvested phantom units. There were 1,250 anti-dilutive phantom units for the three months ended March 31, 2022, compared to 200,481 anti-dilutive phantom units for the three months ended March 31, 2021. The following table shows the calculation of net income per limited partner unit: Three Months Ended 2022 2021 Net income attributable to the partners: Distributions declared $ 18,986 $ 18,924 Earnings less distributions 17,273 18,287 Net income attributable to the partners $ 36,259 $ 37,211 Weighted-average units outstanding - basic 62,896,848 62,646,664 Weighted-average units outstanding - diluted 63,020,348 62,780,594 Net income per limited partner unit - basic $ 0.58 $ 0.59 Net income per limited partner unit - diluted 0.58 0.59

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2022
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 (including in response to the potential impacts of climate change), 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. PBFX recorded a total liability related to environmental remediation obligations at certain of its assets of $1,911 and $1,695 as of March 31, 2022 and December 31, 2021, respectively, related to existing environmental liabilities. During the first quarter of 2019, the Partnership notified certain agencies of an oil sheen present in the Schuylkill River near one of its facilities. Clean-up, identification and mitigation of the source were immediately initiated. The Pennsylvania Department of Environmental Protection (“PADEP”) approved the Site Characterization Report submitted by the Partnership. A Remedial Action Plan was submitted to the PADEP in October 2020. The PADEP approved the Remedial Action Plan in January 2021, and the response activities are substantially complete. Future remediation costs and any potential penalties are currently not expected to be material to the Partnership. Contingent Consideration In connection with the Partnership’s acquisition of CPI Operations LLC from Crown Point International LLC (“Crown Point”) in October 2018, the purchase and sale agreement between the Partnership and Crown Point included an earn-out provision related to an existing commercial agreement with a third party, based on the future results of certain acquired idled assets (the “Contingent Consideration”). The Partnership and Crown Point agreed to share equally in the future operating profits of the restarted assets, as defined in the purchase and sale agreement, over a contractual term of up to three years starting in 2019. The Contingent Consideration recorded was $485 and $2,932 as of March 31, 2022 and December 31, 2021, respectively. The Contingent Consideration is included in “Accrued liabilities” within the Partnership’s condensed consolidated balance sheets. The Contingent Consideration is categorized in Level 3 of the fair value hierarchy and is estimated based on management’s estimate of the future cash flows associated with the recommenced idled assets. The changes in fair value of the obligation during the three months ended March 31, 2022 and 2021 were primarily due to the changes in the estimated future cash flows of the assets and settlement payments made by the Partnership. The earn-out provision between the Partnership and Crown Point runs through October 2022. The following table summarizes the changes in fair value of the Contingent Consideration for the three months ended March 31, 2022 and 2021: Three Months Ended March 31, 2022 2021 Balance at beginning of period $ 2,932 $ 12,120 Settlements (2,685) (12,176) Unrealized charge included in earnings 238 654 Balance at end of period $ 485 $ 598

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Agreements with PBF Energy Entities Commercial Agreements PBFX currently derives a majority of its revenue from long-term, fee-based agreements with PBF Holding, which generally include MVCs and contractual 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 Agreement and the Services Agreement (each as defined below), each with PBF Holding, are generally no less favorable to either party than those that could have been negotiated with unaffiliated parties with respect to similar services. Refer to the 2021 Form 10-K for a more complete description of PBFX’s commercial agreements with PBF Holding, including those identified as leases, which were entered into prior to 2022. No new agreements or amendments were entered into during the three months ended March 31, 2022. Other Agreements In addition to the commercial agreements described above, PBFX has entered into an omnibus agreement with PBF GP, PBF LLC and PBF Holding, which has been amended and restated in connection with certain of the Acquisitions from PBF (as amended, the “Omnibus Agreement”). This agreement addresses the payment of an annual fee for the provision of various general and administrative services and reimbursement of salary and benefit costs for certain PBF Energy employees. Additionally, PBFX has entered into an operation and management services and secondment agreement with PBF Holding and certain of its subsidiaries (as amended, the “Services Agreement”), pursuant to which PBF Holding and its subsidiaries provide PBFX with the personnel necessary for the Partnership to perform its obligations under its commercial agreements. PBFX reimburses PBF Holding for the use of such employees and the provision of certain infrastructure-related services to the extent applicable to its operations, including storm water discharge and waste water treatment, steam, potable water, access to certain roads and grounds, sanitary sewer access, electrical power, emergency response, filter press, fuel gas, API solids treatment, fire water and compressed air. The Services Agreement will terminate upon the termination of the Omnibus Agreement, provided that the Partnership may terminate any service upon 30-days’ notice. Refer to the 2021 Form 10-K for a more complete description of the Omnibus Agreement and the Services Agreement. Summary of Transactions A summary of revenue and expense transactions with the Partnership’s affiliates, including expenses directly charged and allocated to the Partnership, is as follows: Three Months Ended 2022 2021 Revenue $ 75,985 $ 75,933 Operating and maintenance expenses 2,171 2,171 General and administrative expenses 1,834 1,768

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Partnership’s operations are comprised of operating segments, which are strategic business units that offer different services in various geographical locations. PBFX has evaluated the performance of each operating segment based on its respective operating income. The operating segments adhere to the accounting polices used for the condensed consolidated financial statements, as described in Note 2 “Summary of Accounting Policies” of the Notes to Consolidated Financial Statements in the 2021 Form 10-K. The Partnership’s operating segments are organized into two reportable segments: (i) Transportation and Terminaling and (ii) Storage. Operations that are not included in either the Transportation and Terminaling or the Storage segments are included in Corporate. The Partnership does not have any foreign operations. The Partnership’s Transportation and Terminaling segment consists of operating segments that include product terminals, pipelines, crude unloading facilities and other facilities capable of transporting and handling crude oil, refined products and natural gas. The Partnership’s Storage segment consists of operating segments that include storage and other facilities capable of processing crude oil and handling crude oil, refined products and intermediates. Revenue is generated from third-party transactions as well as commercial agreements entered into with PBF Holding under which the Partnership receives fees for transportation, terminaling, storage and processing services. The commercial agreements with PBF Holding are described in Note 10 “Related Party Transactions” of the Notes to Condensed Consolidated Financial Statements. Certain general and administrative expenses and interest and financing costs are included in Corporate as they are not directly attributable to a specific reporting segment. Identifiable assets are those used by the operating segments, whereas assets included in Corporate are principally cash, deposits and other assets that are not associated with operations. Three Months Ended March 31, 2022 Transportation and Terminaling Storage Corporate Consolidated Total Total revenue $ 70,248 $ 19,195 $ — $ 89,443 Depreciation and amortization 7,430 2,054 — 9,484 Income (loss) from operations 42,079 8,227 (3,911) 46,395 Other expense — — 10,136 10,136 Capital expenditures 1,302 131 — 1,433 Three Months Ended March 31, 2021 Transportation and Terminaling Storage Corporate Consolidated Total Total revenue $ 71,477 $ 16,028 $ — $ 87,505 Depreciation and amortization 7,235 2,170 — 9,405 Income (loss) from operations 46,609 5,788 (4,464) 47,933 Other expense — — 10,722 10,722 Capital expenditures 1,055 199 — 1,254 Balance at March 31, 2022 Transportation and Terminaling Storage Corporate Consolidated Total Total assets $ 665,302 $ 188,195 $ 49,453 $ 902,950 Balance at December 31, 2021 Transportation and Terminaling Storage Corporate Consolidated Total Total assets $ 688,005 $ 188,393 $ 24,899 $ 901,297

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Cash Distribution On April 28, 2022, PBF GP’s board of directors announced a cash distribution, based on the results of the first quarter of 2022, of $0.30 per unit. The distribution is payable on May 26, 2022 to PBFX unitholders of record at the close of business on May 12, 2022.

DESCRIPTION OF THE BUSINESS A_2

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recently Issued Accounting Pronouncements	Recently Adopted Accounting GuidanceIn March 2020, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting”. The amendments in this ASU provide optional guidance to alleviate the burden in accounting for reference rate reform by allowing certain expedients and exceptions in applying GAAP to contracts, hedging relationships and other transactions affected by the expected market transition from London Interbank Offering Rate and other interbank rates. The Partnership’s adoption of this guidance did not have, and is not anticipated to have, a material impact on its condensed consolidated financial statements and related disclosures.

REVENUE (Tables)

REVENUE (Tables)	3 Months Ended
	Mar. 31, 2022
Revenues [Abstract]
Revenue from External Customers by Products and Services [Table Text Block]	The following table provides information relating to the Partnership’s revenue for each service category by segment for the periods presented: Three Months Ended 2022 2021 Transportation and Terminaling Segment Terminaling $ 35,398 $ 38,835 Pipeline 22,302 20,574 Other 12,548 12,068 Total 70,248 71,477 Storage Segment Storage 15,197 13,748 Other 3,998 2,280 Total 19,195 16,028 Total Revenue $ 89,443 $ 87,505
Schedule of Future Minimum Volume Commitments to be received [Table Text Block]	As of March 31, 2022, MVC payments to be received, based on future performance obligations of the Partnership, related to noncancellable commercial terminaling, pipeline and storage agreements were as follows: Remainder of 2022 $ 76,620 2023 94,499 2024 92,505 2025 92,252 2026 — Thereafter — Total MVC payments to be received (1)(2) $ 355,876 (1) All fixed consideration from contracts with customers is included in the amounts presented above. Variable consideration that is constrained or not required to be estimated is excluded. (2) Arrangements deemed leases are excluded from this table.
Operating Lease, Lease Income [Table Text Block]	The table below quantifies lease revenue for the three months ended March 31, 2022 and 2021: Three Months Ended 2022 2021 Affiliate $ 41,461 $ 36,848 Third-party 8,096 7,050 Total lease revenue $ 49,557 $ 43,898
Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]	The table below presents the fixed component of the undiscounted cash flows to be received for each of the periods presented for the Partnership’s operating leases with customers as of March 31, 2022: Remainder of 2022 $ 109,661 2023 138,030 2024 136,498 2025 109,816 2026 79,395 Thereafter 54,572 Total undiscounted cash flows to be received $ 627,972
Assets Under Lease [Table Text Block]	The table below quantifies, by category within property, plant and equipment, the assets that are subject to lease as of March 31, 2022 and December 31, 2021: March 31, December 31, Land $ 98,337 $ 98,337 Pipelines 322,479 322,437 Terminals and equipment 83,490 83,411 Storage facilities and processing units 183,493 183,493 687,799 687,678 Accumulated depreciation (140,107) (133,962) Net assets subject to lease $ 547,692 $ 553,716

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	Property, plant and equipment, net consisted of the following: March 31, December 31, Land $ 114,844 $ 114,844 Pipelines 346,554 346,512 Terminals and equipment 321,525 321,082 Storage facilities and processing units 202,729 202,729 Construction in progress 3,576 2,991 989,228 988,158 Accumulated depreciation (209,806) (200,820) Property, plant and equipment, net $ 779,422 $ 787,338

INTANGIBLES (Tables)

INTANGIBLES (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of net intangible assets	The Partnership’s net intangibles consisted of the following: March 31, December 31, Customer contracts $ 9,300 $ 9,300 Customer relationships 5,900 5,900 15,200 15,200 Accumulated amortization (12,522) (12,397) Total intangibles, net (1) $ 2,678 $ 2,803 (1) Total intangibles, net are included in “Other non-current assets” within the Partnership’s condensed consolidated balance sheets.

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of long-term debt	Total debt was comprised of the following: March 31, December 31, 2023 Notes $ 525,000 $ 525,000 Revolving Credit Facility (1)(2) 75,000 100,000 Total debt outstanding 600,000 625,000 Unamortized debt issuance costs (2,790) (3,383) Unamortized 2023 Notes premium 752 927 Net carrying value of debt $ 597,962 $ 622,544 ___________________ (1) As of March 31, 2022, PBFX had $3,508 of outstanding letters of credit and $421,492 available under its $500,000 amended and restated revolving credit facility with Wells Fargo Bank, National Association, as administrative agent and a syndicate of lenders (as amended, the “Revolving Credit Facility”). (2) During the three months ended March 31, 2022, PBFX made net repayments of $25,000 under the Revolving Credit Facility.

EQUITY (Tables)

EQUITY (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Schedule of Stock by Class [Table Text Block]	The following table presents changes in PBFX common units outstanding: Three Months Ended March 31, 2022 2022 2021 Balance at beginning of period 62,574,644 62,364,838 Vesting of phantom units, net of forfeitures 23,211 774 Balance at end of period 62,597,855 62,365,612
Schedule of Stockholders Equity	The following tables summarize the changes in the carrying amount of the Partnership’s equity during the three months ended March 31, 2022 and 2021: Common Units Balance at December 31, 2021 $ 248,696 Quarterly distributions to unitholders ($0.30 per unit) (19,000) Net income attributable to the partners 36,259 Unit-based compensation expense 654 Other 81 Balance at March 31, 2022 $ 266,690 Common Units Balance at December 31, 2020 $ 167,217 Quarterly distributions to unitholders ($0.30 per unit) (18,926) Net income attributable to the partners 37,211 Unit-based compensation expense 989 Other 15 Balance at March 31, 2021 $ 186,506
Distributions Made to Limited Partner, by Distribution [Table Text Block]	During the three months ended March 31, 2022, PBFX made distribution payments as follows: Related Earnings Period: Q4 2021 Distribution date March 10, 2022 Record date February 24, 2022 Per unit $ 0.30 To public common unitholders $ 9,793 To PBF LLC $ 8,986 Total distribution $ 18,779
Distributions Made to Unitholders	The quarterly distributions to limited partners for the three months ended March 31, 2022 and 2021 are shown in the table below. The Partnership’s distributions are declared subsequent to quarter end (distributions of $0.30 per unit were declared for each of the three-month periods ended March 31, 2022 and 2021); therefore, the table represents total estimated distributions applicable to the period in which the distributions were earned: Three Months Ended 2022 2021 Limited partners’ distributions: Common $ 18,986 $ 18,924 Total distributions $ 18,986 $ 18,924 Total cash distributions (1) $ 18,823 $ 18,755 (1) Excludes phantom unit distributions, which are accrued and paid upon vesting.

NET INCOME PER UNIT (Tables)

NET INCOME PER UNIT (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Summary of calculation of net income per unit	The following table shows the calculation of net income per limited partner unit: Three Months Ended 2022 2021 Net income attributable to the partners: Distributions declared $ 18,986 $ 18,924 Earnings less distributions 17,273 18,287 Net income attributable to the partners $ 36,259 $ 37,211 Weighted-average units outstanding - basic 62,896,848 62,646,664 Weighted-average units outstanding - diluted 63,020,348 62,780,594 Net income per limited partner unit - basic $ 0.58 $ 0.59 Net income per limited partner unit - diluted 0.58 0.59

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table summarizes the changes in fair value of the Contingent Consideration for the three months ended March 31, 2022 and 2021: Three Months Ended March 31, 2022 2021 Balance at beginning of period $ 2,932 $ 12,120 Settlements (2,685) (12,176) Unrealized charge included in earnings 238 654 Balance at end of period $ 485 $ 598

RELATED PARTY TRANSACTIONS - SU

RELATED PARTY TRANSACTIONS - SUMMARY OF TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Schedule of related party transactions	A summary of revenue and expense transactions with the Partnership’s affiliates, including expenses directly charged and allocated to the Partnership, is as follows: Three Months Ended 2022 2021 Revenue $ 75,985 $ 75,933 Operating and maintenance expenses 2,171 2,171 General and administrative expenses 1,834 1,768

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of segment reporting	Three Months Ended March 31, 2022 Transportation and Terminaling Storage Corporate Consolidated Total Total revenue $ 70,248 $ 19,195 $ — $ 89,443 Depreciation and amortization 7,430 2,054 — 9,484 Income (loss) from operations 42,079 8,227 (3,911) 46,395 Other expense — — 10,136 10,136 Capital expenditures 1,302 131 — 1,433 Three Months Ended March 31, 2021 Transportation and Terminaling Storage Corporate Consolidated Total Total revenue $ 71,477 $ 16,028 $ — $ 87,505 Depreciation and amortization 7,235 2,170 — 9,405 Income (loss) from operations 46,609 5,788 (4,464) 47,933 Other expense — — 10,722 10,722 Capital expenditures 1,055 199 — 1,254 Balance at March 31, 2022 Transportation and Terminaling Storage Corporate Consolidated Total Total assets $ 665,302 $ 188,195 $ 49,453 $ 902,950 Balance at December 31, 2021 Transportation and Terminaling Storage Corporate Consolidated Total Total assets $ 688,005 $ 188,393 $ 24,899 $ 901,297

DESCRIPTION OF THE BUSINESS A_3

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Details)	Mar. 31, 2022shares
PBF Energy [Member] | PBF LLC [Member]
Limited Partners' Capital Account [Line Items]
Percentage of total economic interest	99.20%
Limited Partner, Affiliate [Member] | PBF LLC [Member]
Limited Partners' Capital Account [Line Items]
Limited partner interest percentage	47.90%
Limited Partner, Public [Member]
Limited Partners' Capital Account [Line Items]
Limited partner interest percentage	52.10%
Common Units [Member] | Limited Partner, Affiliate [Member] | PBF LLC [Member]
Limited Partners' Capital Account [Line Items]
Units owned (in shares)	29,953,631

REVENUE (Details)

REVENUE (Details) $ in Thousands		3 Months Ended
		Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Number of Operating Segments | segment		2
Total revenue		$ 89,443	$ 87,505
Remainder of 2022		76,620
2023		94,499
2024		92,505
2025		92,252
2026		0
Thereafter		0
Total MVC payments to be received	[1],[2]	$ 355,876
Lessor, lease term (up to)		15 years
Lessor, lease term, option to extend or renew (or more)		1 year
Percentage of Total Undiscounted Future Rental Income from Leased Assets Represented by Affiliated Leases		90.00%
Total lease revenue		$ 49,557	43,898
Remainder of 2022		109,661
2023		138,030
2024		136,498
2025		109,816
2026		79,395
Thereafter		54,572
Total undiscounted cash flows to be received		627,972
Gross PP&E Assets Under Lease		989,228		$ 988,158
Accumulated depreciation		(209,806)		(200,820)
Net assets subject to lease		779,422		787,338
Deferred revenue		2,724		2,372
Transportation And Terminaling Segment [Member]
Total revenue		70,248	71,477
Storage
Total revenue		19,195	16,028
Property Subject to Operating Lease [Member]
Gross PP&E Assets Under Lease		687,799		687,678
Accumulated depreciation		(140,107)		(133,962)
Net assets subject to lease		547,692		553,716
Land [Member]
Gross PP&E Assets Under Lease		114,844		114,844
Land [Member] | Property Subject to Operating Lease [Member]
Gross PP&E Assets Under Lease		98,337		98,337
Pipelines [Member]
Gross PP&E Assets Under Lease		346,554		346,512
Pipelines [Member] | Property Subject to Operating Lease [Member]
Gross PP&E Assets Under Lease		322,479		322,437
Terminals and equipment [Member]
Gross PP&E Assets Under Lease		321,525		321,082
Terminals and equipment [Member] | Property Subject to Operating Lease [Member]
Gross PP&E Assets Under Lease		83,490		83,411
Storage Facilities and Processing Units [Member]
Gross PP&E Assets Under Lease		202,729		202,729
Storage Facilities and Processing Units [Member] | Property Subject to Operating Lease [Member]
Gross PP&E Assets Under Lease		183,493		$ 183,493
Lease with Affiliate [Member]
Total lease revenue		$ 41,461	36,848
Lease with Affiliate [Member] | Minimum [Member]
Lessee, lease term		1 year
Lease with Affiliate [Member] | Maximum [Member]
Lessee, lease term		15 years
Third Party Lease [Member]
Total lease revenue		$ 8,096	7,050
Terminaling Service [Member] | Transportation And Terminaling Segment [Member]
Total revenue		35,398	38,835
Pipeline Service [Member] | Transportation And Terminaling Segment [Member]
Total revenue		22,302	20,574
Other Service [Member] | Transportation And Terminaling Segment [Member]
Total revenue		12,548	12,068
Other Service [Member] | Storage
Total revenue		3,998	2,280
Storage Service [Member] | Storage
Total revenue		$ 15,197	$ 13,748
[1]	All fixed consideration from contracts with customers is included in the amounts presented above. Variable consideration that is constrained or not required to be estimated is excluded.
[2]	Arrangements deemed leases are excluded from this table.

CURRENT EXPECTED CREDIT LOSSES

CURRENT EXPECTED CREDIT LOSSES (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Credit Loss [Abstract]
Allowance for doubtful accounts	$ 0	$ 0

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 989,228		$ 988,158
Accumulated depreciation	(209,806)		(200,820)
Property, plant and equipment, net	779,422		787,338
Depreciation	9,359	$ 9,280
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	114,844		114,844
Pipelines [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	346,554		346,512
Terminals and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	321,525		321,082
Storage Facilities and Processing Units [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	202,729		202,729
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 3,576		$ 2,991

INTANGIBLES (Details)

INTANGIBLES (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Goodwill [Line Items]
Intangible assets, gross (excluding goodwill)		$ 15,200		$ 15,200
Accumulated amortization		(12,522)		(12,397)
Total intangibles, net	[1]	2,678		2,803
Amortization expense		125	$ 125
Customer Contracts [Member]
Goodwill [Line Items]
Intangible assets, gross (excluding goodwill)		9,300		9,300
Customer Relationships [Member]
Goodwill [Line Items]
Intangible assets, gross (excluding goodwill)		$ 5,900		$ 5,900
[1]	Total intangibles, net are included in “Other non-current assets” within the Partnership’s condensed consolidated balance sheets.

DEBT - OUTSTANDING AMOUNTS (Det

DEBT - OUTSTANDING AMOUNTS (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022		Dec. 31, 2021	Jul. 30, 2018
Debt Instrument [Line Items]
Total debt outstanding	$ 600,000,000		$ 625,000,000
Unamortized debt issuance costs	(2,790,000)		(3,383,000)
Unamortized 2023 Notes premium	752,000		927,000
Net carrying value of debt	597,962,000		622,544,000
Repayments of line of credit	25,000,000
Senior Notes [Member]
Debt Instrument [Line Items]
Total debt outstanding	525,000,000		525,000,000
Line of Credit [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total debt outstanding	75,000,000	[1],[2]	$ 100,000,000
Line of credit, outstanding	3,508,000
Remaining borrowing capacity	$ 421,492,000
Maximum borrowing capacity				$ 500,000,000
[1]	As of March 31, 2022, PBFX had $3,508 of outstanding letters of credit and $421,492 available under its $500,000 amended and restated revolving credit facility with Wells Fargo Bank, National Association, as administrative agent and a syndicate of lenders (as amended, the “Revolving Credit Facility”).
[2]	During the three months ended March 31, 2022, PBFX made net repayments of $25,000 under the Revolving Credit Facility.

DEBT (Details)

DEBT (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Debt, fair value	$ 598,017	$ 613,661
Debt, carrying value	$ 600,000	625,000
Senior Notes [Member]
Debt Instrument [Line Items]
Debt, interest rate	6.875%
Debt, fair value	$ 523,017	513,661
Debt, carrying value	$ 525,000	$ 525,000

EQUITY (Details)

EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	$ 248,696
Ending balance	$ 266,690
Cash distribution (in dollars per share)	$ 0.30	$ 0.30
Limited Partner, Public [Member]
Capital Unit [Line Items]
Limited partner interest percentage	52.10%
Limited Partner, Affiliate [Member] | PBF LLC [Member]
Capital Unit [Line Items]
Limited partner interest percentage	47.90%
Common Units [Member]
Increase (Decrease) In Limited Partners' Capital [Roll Forward]
Balance at beginning of period (in shares)	62,574,644	62,364,838
Balance at end of period (in shares)	62,597,855	62,365,612
Common Units [Member] | Limited Partner [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	$ 248,696	$ 167,217
Quarterly distributions to unitholders	(19,000)	(18,926)
Net income attributable to the partners	36,259	37,211
Unit-based compensation expense	654	989
Other	81	15
Ending balance	$ 266,690	$ 186,506
Common Units [Member] | Public Unit Holders [Member]
Capital Unit [Line Items]
Units owned (in shares)	32,644,224
Common Units [Member] | Limited Partner, Affiliate [Member] | PBF LLC [Member]
Capital Unit [Line Items]
Units owned (in shares)	29,953,631
Common Units [Member] | Phantom Unit Award [Member] | Limited Partner [Member]
Capital Unit [Line Items]
Shares, Issued (in shares)			308,427
Increase (Decrease) In Limited Partners' Capital [Roll Forward]
Vesting of phantom units, net of forfeitures (in shares)	23,211	774

EQUITY - CASH DISTRIBUTIONS (De

EQUITY - CASH DISTRIBUTIONS (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Distribution Made to Limited Partner [Line Items]
Cash distribution (in dollars per share)		$ 0.30	$ 0.30
Cash distribution		$ 18,779
Cash distribution per unit (in dollars per share)		$ 0.30	$ 0.30
Distributions declared		$ 18,986	$ 18,924
Cash Distribution [Member]
Distribution Made to Limited Partner [Line Items]
Distributions declared	[1]	18,823	18,755
Common Units [Member]
Distribution Made to Limited Partner [Line Items]
Distributions declared		18,986	$ 18,924
Limited Partner, Public [Member]
Distribution Made to Limited Partner [Line Items]
Cash distribution		9,793
Limited Partner, Affiliate [Member] | PBF LLC [Member]
Distribution Made to Limited Partner [Line Items]
Cash distribution		$ 8,986
[1]	Excludes phantom unit distributions, which are accrued and paid upon vesting.

NET INCOME PER UNIT (Details)

NET INCOME PER UNIT (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Distributions declared	$ 18,986	$ 18,924
Earnings less distributions	17,273	18,287
Net income attributable to the partners	$ 36,259	$ 37,211
Weighted-average units outstanding - basic (in shares)	62,896,848	62,646,664
Weighted-average units outstanding - diluted (in shares)	63,020,348	62,780,594
Net income per limited partner unit - basic (in dollars per share)	$ 0.58	$ 0.59
Net income per limited partner unit - diluted (in dollars per share)	$ 0.58	$ 0.59
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 (in shares)	1,250	200,481

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Oct. 01, 2018	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies		$ 1,911		$ 1,695
Contingent Consideration
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period		2,932	$ 12,120
Settlements		(2,685)	(12,176)
Unrealized charge included in earnings		238	654
Balance at end of period		485	$ 598
East Coast Storage Assets Acquisition [Member]
Loss Contingencies [Line Items]
Term of Agreement	3 years
Business Combination, Contingent Consideration, Liability		$ 485		$ 2,932

RELATED PARTY TRANSACTIONS - _2

RELATED PARTY TRANSACTIONS - SUMMARY OF TRANSACTION (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Related Party Transactions [Abstract]
Revenue	$ 75,985	$ 75,933
Operating and maintenance expenses	2,171	2,171
General and administrative expenses	$ 1,834	$ 1,768

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Segment Reporting Information [Line Items]
Reportable segments | segment	2
Total revenue	$ 89,443	$ 87,505
Depreciation and amortization	9,484	9,405
Income (loss) from operations	46,395	47,933
Other expense	10,136	10,722
Capital expenditures	1,433	1,254
Total assets	902,950		$ 901,297
Corporate
Segment Reporting Information [Line Items]
Total revenue	0	0
Depreciation and amortization	0	0
Income (loss) from operations	(3,911)	(4,464)
Other expense	10,136	10,722
Capital expenditures	0	0
Total assets	49,453		24,899
Transportation and Terminaling
Segment Reporting Information [Line Items]
Total revenue	70,248	71,477
Depreciation and amortization	7,430	7,235
Income (loss) from operations	42,079	46,609
Other expense	0	0
Capital expenditures	1,302	1,055
Total assets	665,302		688,005
Storage
Segment Reporting Information [Line Items]
Total revenue	19,195	16,028
Depreciation and amortization	2,054	2,170
Income (loss) from operations	8,227	5,788
Other expense	0	0
Capital expenditures	131	$ 199
Total assets	$ 188,195		$ 188,393

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	Apr. 28, 2022$ / shares
Subsequent Event [Member]
Subsequent Event [Line Items]
Cash distribution (in dollars per share)	$ 0.30