PBF Energy 10-Q 2 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2018	Jul. 31, 2018
Entity Information [Line Items]
Entity Registrant Name	PBF ENERGY INC.
Entity Central Index Key	1,534,504
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,018
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Class A Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		113,831,228
Class B common stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		20
PBF LLC [Member]
Entity Information [Line Items]
Entity Registrant Name	PBF ENERGY CO LLC
Entity Central Index Key	1,645,026
PBF LLC [Member] | Class A Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		0

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents (PBFX: $19,681 and $19,664, respectively)		$ 478,329	$ 573,021
Accounts receivable		1,034,074	952,552
Inventories		2,540,277	2,213,797
Prepaid and other current assets		55,150	63,589
Total current assets		4,107,830	3,802,959
Property, plant and equipment, net (PBFX: $710,412 and $673,823, respectively)		3,560,524	3,479,213
Deferred tax assets		0	53,638
Deferred charges and other assets, net		878,361	782,183
Total assets	[1]	8,546,715	8,117,993
Current liabilities:
Accounts payable		637,941	578,551
Accrued expenses		1,830,037	1,814,854
Deferred revenue		4,809	8,933
Note payable		3,200	5,621
Current debt		1,298	10,987
Total current liabilities		2,477,285	2,418,946
Long-term debt (PBFX: $603,581 and $548,793, respectively)		2,214,042	2,175,042
Payable to related parties pursuant to Tax Receivable Agreement		391,156	362,142
Deferred tax liabilities		58,617	33,155
Other long-term liabilities		233,331	225,759
Total liabilities		5,374,431	5,215,044
Commitments and contingencies (Note 10)
Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares outstanding at June 30, 2018 and December 31, 2017		0	0
Treasury stock, at cost		(153,618)	(152,585)
Additional paid in capital		2,308,502	2,277,739
Retained earnings		471,958	236,786
Accumulated other comprehensive loss		(25,109)	(25,381)
Total PBF Energy Company LLC equity		2,601,829	2,336,654
Noncontrolling interest		570,455	566,295
Total equity		3,172,284	2,902,949
Total liabilities, Series B units and equity		8,546,715	8,117,993
Class A Common Stock [Member]
Current liabilities:
Common stock, issuance value		96	95
Class B common stock [Member]
Current liabilities:
Common stock, issuance value		0	0
PBF LLC [Member]
Current assets:
Cash and cash equivalents (PBFX: $19,681 and $19,664, respectively)		474,980	562,036
Accounts receivable		1,034,074	952,552
Inventories		2,540,277	2,213,797
Prepaid and other current assets		53,622	51,799
Total current assets		4,102,953	3,780,184
Property, plant and equipment, net (PBFX: $710,412 and $673,823, respectively)		3,560,524	3,479,213
Deferred charges and other assets, net		873,657	779,588
Total assets	[1]	8,537,134	8,038,985
Current liabilities:
Accounts payable		637,941	578,551
Accrued expenses		1,843,245	1,824,394
Deferred revenue		4,809	8,933
Note payable		3,200	5,621
Current debt		1,298	10,987
Total current liabilities		2,490,493	2,428,486
Long-term debt (PBFX: $603,581 and $548,793, respectively)		2,214,042	2,175,042
Affiliate note payable		322,144	292,844
Deferred tax liabilities		28,502	33,155
Other long-term liabilities		233,358	225,845
Total liabilities		5,288,539	5,155,372
Series B Units, 1,000,000 issued and outstanding, no par or stated value		5,110	5,110
Treasury stock, at cost		(153,618)	(152,585)
Retained earnings		1,266,869	906,875
Accumulated other comprehensive loss		(26,662)	(26,936)
Total PBF Energy Company LLC equity		2,788,924	2,422,411
Noncontrolling interest		454,561	456,092
Total equity		3,243,485	2,878,503
Total liabilities, Series B units and equity		8,537,134	8,038,985
PBF LLC [Member] | Series A Units [Member]
Current liabilities:
Common unit, issuance value		19,481	40,058
PBF LLC [Member] | Series C Units [Member]
Current liabilities:
Common unit, issuance value		$ 1,682,854	$ 1,654,999
[1]	(3)The Logistics segment includes 100% of the assets of TVPC as TVPC is consolidated by PBFX. PBFX records a noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records an equity investment in TVPC reflecting its noncontrolling ownership interest. For purposes of the Company’s condensed consolidated PBF Energy financial statements, PBFX’s noncontrolling interest in TVPC and PBF Holding’s equity investment in TVPC eliminate in consolidation.

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Cash and cash equivalents (PBFX: $22,009 and $19,664, respectively)	$ 478,329	$ 573,021
Property, plant and equipment, net (PBFX: $670,261 and $673,823, respectively)	3,560,524	3,479,213
Long-term debt (PBFX: $603,581 and $548,793, respectively)	$ 2,214,042	$ 2,175,042
Treasury stock, shares	6,171,898	6,132,884
Preferred stock, par value (USD per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares outstanding	0	0
Class A Common Stock [Member]
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares outstanding	113,829,728	110,565,531
Class B common stock [Member]
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000	1,000,000
Common stock, shares outstanding	20	25
PBF Logistics LP [Member]
Cash and cash equivalents (PBFX: $22,009 and $19,664, respectively)	$ 19,681	$ 19,664
Property, plant and equipment, net (PBFX: $670,261 and $673,823, respectively)	710,412	673,823
Long-term debt (PBFX: $603,581 and $548,793, respectively)	603,581	548,793
PBF LLC [Member]
Cash and cash equivalents (PBFX: $22,009 and $19,664, respectively)	474,980	562,036
Property, plant and equipment, net (PBFX: $670,261 and $673,823, respectively)	3,560,524	3,479,213
Long-term debt (PBFX: $603,581 and $548,793, respectively)	$ 2,214,042	$ 2,175,042
PBF LLC [Member] | Series B Units [Member]
Units Issued	1,000,000	1,000,000
Units Outstanding	1,000,000	1,000,000
PBF LLC [Member] | Series A Units [Member]
Units Issued	1,206,325	3,767,464
Units Outstanding	1,206,325	3,767,464
PBF LLC [Member] | Series C Units [Member]
Units Issued	113,850,959	110,586,762
Units Outstanding	113,850,959	110,586,762

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues		$ 7,444,083	$ 5,017,225	$ 13,246,859	$ 9,771,698
Revenues		7,444,083	5,017,225	13,246,859	9,771,698
Cost and expenses:
Cost of products and other		6,452,535	4,605,693	11,584,637	8,802,460
Operating expenses (excluding depreciation and amortization expense as reflected below)		417,695	412,790	843,830	864,056
Depreciation and amortization expense		89,748	62,683	173,021	121,853
Cost of sales		6,959,978	5,081,166	12,601,488	9,788,369
General and administrative expenses (excluding depreciation and amortization expense as reflected below)		58,685	41,058	121,498	84,888
Depreciation and amortization expense		2,563	6,020	5,277	7,782
Loss on sale of assets		594	29	673	912
Total cost and expenses		7,021,820	5,128,273	12,728,936	9,881,951
Income (loss) from operations	[1]	422,263	(111,048)	517,923	(110,253)
Other income (expense):
Change in fair value of catalyst leases		4,140	1,104	4,153	(1,484)
Debt extinguishment costs				245,655	(167,134)
Debt extinguishment costs		0	(25,451)	0	(25,451)
Interest expense, net		(43,448)	(40,698)	(86,646)	(77,881)
Other non-service components of net periodic benefit cost		277	(101)	555	(202)
Income (loss) before income taxes		383,232	(176,194)	435,985	(215,271)
Income tax expense (benefit)		95,545	(72,043)	106,487	(91,090)
Net income (loss)		287,687	(104,151)	329,498	(124,181)
Less: net income attributable to noncontrolling interests		15,534	5,512	26,979	16,559
Less: net income attributable to noncontrolling interests		15,530	5,524	26,982	16,581
Net income (loss) attributable to PBF Energy Inc. stockholders		$ 272,153	$ (109,663)	$ 302,519	$ (140,740)
Weighted-average shares of Class A common stock outstanding
Basic (in shares)		112,875,813	108,779,992	111,853,774	108,770,237
Diluted (in shares)		116,409,273	108,779,992	115,749,927	108,770,237
Net income (loss) available to Class A common stock per share:
Basic (in dollars per share)		$ 2.41	$ (1.01)	$ 2.70	$ (1.30)
Diluted (in dollars per share)		2.37	(1.01)	2.66	(1.30)
Dividends per common share (in dollars per share)		$ 0.30	$ 0.30	$ 0.60	$ 0.6
PBF LLC [Member]
Revenues		$ 7,444,083	$ 5,017,225	$ 13,246,859	$ 9,771,698
Cost and expenses:
Cost of products and other		6,452,535	4,605,693	11,584,637	8,802,460
Operating expenses (excluding depreciation and amortization expense as reflected below)		417,695	412,790	843,830	864,056
Depreciation and amortization expense		89,748	62,683	173,021	121,853
Cost of sales		6,959,978	5,081,166	12,601,488	9,788,369
General and administrative expenses (excluding depreciation and amortization expense as reflected below)		58,244	40,986	120,805	84,780
Depreciation and amortization expense		2,563	6,020	5,277	7,782
Loss on sale of assets		594	29	673	912
Total cost and expenses		7,021,379	5,128,201	12,728,243	9,881,843
Income (loss) from operations	[1]	422,704	(110,976)	518,616	(110,145)
Other income (expense):
Change in fair value of catalyst leases		4,140	1,104	4,153	(1,484)
Debt extinguishment costs		0	(25,451)	0	(25,451)
Debt extinguishment costs				0	(25,451)
Interest expense, net		(45,482)	(42,456)	(90,643)	(82,017)
Other non-service components of net periodic benefit cost		277	(101)	555	(202)
Income (loss) before income taxes		381,639	(177,880)	432,681	(219,299)
Income tax expense (benefit)		(3,983)	5,898	(4,684)	6,332
Net income (loss)		385,622	(183,778)	437,365	(225,631)
Less: net income attributable to noncontrolling interests		9,426	12,116	19,583	25,019
Net income (loss) attributable to PBF Energy Inc. stockholders		$ 376,196	$ (195,894)	$ 417,782	$ (250,650)
[1]	(1)The Logistics segment includes 100% of the income from operations of TVPC as TVPC is consolidated by PBFX. PBFX records net income attributable to noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records equity income in investee related to its 50% noncontrolling ownership interest in TVPC. For purposes of the Company’s condensed consolidated financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation.

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Depreciation and amortization expense	$ 89,748	$ 62,683	$ 173,021	$ 121,853

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net income (loss)	$ 287,687	$ (104,151)	$ 329,498	$ (124,181)
Other comprehensive income:
Unrealized (loss) gain on available for sale securities	(235)	43	(235)	70
Net gain on pension and other post-retirement benefits	255	287	509	574
Total other comprehensive income	20	330	274	644
Comprehensive income (loss)	287,707	(103,821)	329,772	(123,537)
Less: net income attributable to noncontrolling interests	15,530	5,524	26,982	16,581
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	272,177	(109,345)	302,790	(140,118)
PBF LLC [Member]
Net income (loss)	385,622	(183,778)	437,365	(225,631)
Other comprehensive income:
Unrealized (loss) gain on available for sale securities	(235)	43	(235)	70
Net gain on pension and other post-retirement benefits	255	287	509	574
Total other comprehensive income	20	330	274	644
Comprehensive income (loss)	385,642	(183,448)	437,639	(224,987)
Less: net income attributable to noncontrolling interests	9,426	12,116	19,583	25,019
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 376,216	$ (195,564)	$ 418,056	$ (250,006)

Condensed Consolidated Stateme7

Condensed Consolidated Statement of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net income (loss)	$ 329,498	$ (124,181)
Adjustments to reconcile net income (loss) to net cash used in operations:
Depreciation and amortization	182,283	134,595
Stock-based compensation	13,017	13,842
Change in fair value of catalyst leases	(4,153)	1,484
Deferred income taxes	105,735	(92,464)
Non-cash change in inventory repurchase obligations	2,538	(3,107)
Non-cash lower of cost or market inventory adjustment	(245,655)	167,134
Debt extinguishment costs	0	25,451
Pension and other post-retirement benefit costs	23,691	21,121
Loss on sale of assets	673	912
Changes in operating assets and liabilities:
Accounts receivable	(81,522)	8,533
Inventories	(80,825)	(178,738)
Prepaid and other current assets	8,439	63,853
Accounts payable	61,682	(138,802)
Accrued expenses	7,597	113,494
Deferred revenue	(4,124)	(7,131)
Other assets and liabilities	(10,986)	(40,661)
Net cash provided by (used in) operations	307,888	(34,665)
Cash flows from investing activities:
Expenditures for property, plant and equipment	(115,690)	(220,446)
Expenditures for deferred turnaround costs	(179,194)	(214,375)
Expenditures for other assets	(12,357)	(23,747)
Purchase of marketable securities	0	(75,036)
Maturities of marketable securities	0	115,060
Net cash used in investing activities	(365,241)	(428,641)
Cash flows from financing activities:
Distributions to PBF Energy Company LLC members other than PBF Energy	(1,362)	(2,300)
Distributions to PBFX public unit holders	(22,922)	(21,248)
Dividend payments	(67,155)	(65,807)
Proceeds from borrowings	0	290,000
Repayments of revolver borrowings	0	(290,000)
Repayment of note payable	(2,421)	0
Catalyst lease settlements	(9,466)	0
Proceeds from insurance premium financing	17,398	0
Deferred financing costs and other	(12,963)	(12,414)
Proceeds from stock options exercised	11,670	0
Purchase of treasury stock	1,033	0
Net cash used in financing activities	(37,339)	(109,937)
Net decrease in cash and cash equivalents	(94,692)	(573,243)
Cash and equivalents, beginning of period	573,021	746,274
Cash and cash equivalents, end of period	478,329	173,031
Non-cash activities:
Accrued and unpaid capital expenditures	20,143	128,941
2025 Senior Notes [Member]
Cash flows from financing activities:
Proceeds from 2025 Senior Notes	0	725,000
PBFX Revolving Credit Facility [Member]
Cash flows from financing activities:
Proceeds from borrowings	64,000	0
Repayments of revolver borrowings	(9,700)	0
Term Loan [Member]
Cash flows from financing activities:
Repayments of debt	0	(39,664)
Rail Term Loan [Member]
Cash flows from financing activities:
Repayments of debt	(3,385)	(3,295)
2020 Senior Secured Notes [Member]
Cash flows from financing activities:
Repayments of debt	0	(690,209)
Toledo Terminal Acquisition [Member]
Cash flows from investing activities:
Acquisition costs	0	(10,097)
Knoxville Terminals Purchase [Member]
Cash flows from investing activities:
Acquisition costs	(58,000)	0
PBF LLC [Member]
Cash flows from operating activities:
Net income (loss)	437,365	(225,631)
Adjustments to reconcile net income (loss) to net cash used in operations:
Depreciation and amortization	182,283	134,595
Stock-based compensation	13,017	13,842
Change in fair value of catalyst leases	(4,153)	1,484
Deferred income taxes	(4,653)	5,123
Deferred income taxes	(4,653)	5,123
Non-cash change in inventory repurchase obligations	2,538	(3,107)
Non-cash lower of cost or market inventory adjustment	(245,655)	167,134
Non-cash lower of cost or market inventory adjustment	0	25,451
Debt extinguishment costs	0	25,451
Pension and other post-retirement benefit costs	23,691	21,121
Loss on sale of assets	673	912
Changes in operating assets and liabilities:
Accounts receivable	(81,522)	8,533
Inventories	(80,825)	(178,738)
Prepaid and other current assets	(1,823)	(19,156)
Accounts payable	61,682	(138,802)
Accrued expenses	2,453	108,446
Deferred revenue	(4,124)	(7,131)
Other assets and liabilities	(14,138)	(40,661)
Net cash provided by (used in) operations	286,809	(126,585)
Cash flows from investing activities:
Expenditures for property, plant and equipment	(115,690)	(220,446)
Expenditures for deferred turnaround costs	(179,194)	(214,375)
Expenditures for other assets	(12,357)	(23,747)
Purchase of marketable securities	0	(75,036)
Maturities of marketable securities	0	115,060
Net cash used in investing activities	(365,241)	(428,641)
Cash flows from financing activities:
Distributions to PBFX public unit holders	(22,922)	(21,248)
Dividend payments	(68,517)	(68,107)
Repayments of debt	0	(39,664)
Proceeds from borrowings	0	290,000
Repayments of revolver borrowings	0	(290,000)
Repayment of note payable	(2,421)	0
Catalyst lease settlements	(9,466)	0
Proceeds from insurance premium financing	17,398	0
Deferred financing costs and other	(12,963)	(12,414)
Proceeds from affiliate loan with PBF Energy Inc.	40,221	99,655
Proceeds from stock options exercised	164	0
Purchase of treasury stock	1,033	0
Net cash used in financing activities	(8,624)	(10,282)
Net decrease in cash and cash equivalents	(87,056)	(565,508)
Cash and equivalents, beginning of period	562,036	734,962
Cash and cash equivalents, end of period	474,980	169,454
PBF LLC [Member] | 2025 Senior Notes [Member]
Cash flows from financing activities:
Proceeds from 2025 Senior Notes	0	725,000
PBF LLC [Member] | PBFX Revolving Credit Facility [Member]
Cash flows from financing activities:
Proceeds from borrowings	64,000	0
Repayments of revolver borrowings	(9,700)	0
PBF LLC [Member] | Rail Term Loan [Member]
Cash flows from financing activities:
Repayments of debt	(3,385)	(3,295)
PBF LLC [Member] | 2020 Senior Secured Notes [Member]
Cash flows from financing activities:
Repayments of debt	$ 0	$ (690,209)

DESCRIPTION OF THE BUSINESS AND

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION Description of the Business PBF Energy Inc. (“PBF Energy”) was formed as a Delaware corporation on November 7, 2011 and is the sole managing member of PBF Energy Company LLC (“PBF LLC”), a Delaware limited liability company, with a controlling interest in PBF LLC and its subsidiaries. PBF Energy consolidates the financial results of PBF LLC and its subsidiaries and records a noncontrolling interest in its consolidated financial statements representing the economic interests of PBF LLC’s members other than PBF Energy. PBF LLC, together with its consolidated subsidiaries, owns and operates oil refineries and related facilities in North America. PBF Holding Company LLC (“PBF Holding”) is a wholly-owned subsidiary of PBF LLC. PBF Investments LLC (“PBF Investments”), Toledo Refining Company LLC (“Toledo Refining” or “TRC”), Paulsboro Refining Company LLC (“Paulsboro Refining” or “PRC”), Delaware City Refining Company LLC (“Delaware City Refining” or “DCR”), Chalmette Refining, L.L.C. (“Chalmette Refining”), PBF Western Region LLC (“PBF Western Region”), Torrance Refining Company LLC (“Torrance Refining”) and Torrance Logistics Company LLC are PBF LLC’s principal operating subsidiaries and are all wholly-owned subsidiaries of PBF Holding. Discussions or areas of the Notes to Condensed Consolidated Financial Statements that either apply only to PBF Energy or PBF LLC are clearly noted in such footnotes. As of June 30, 2018 , PBF LLC also holds a 43.9% limited partner interest and all of the incentive distribution rights in PBF Logistics LP (“PBFX”), a publicly traded master limited partnership (refer to “Note 3 - PBF Logistics LP”). PBF Logistics GP LLC (“PBF GP”) owns the noneconomic general partner interest and serves as the general partner of PBFX and is wholly-owned by PBF LLC. PBF Energy, through its ownership of PBF LLC, consolidates the financial results of PBFX and its subsidiaries and records a noncontrolling interest in its consolidated financial statements representing the economic interests of PBFX’s unit holders other than PBF LLC. Collectively, PBF Energy and its consolidated subsidiaries, including PBF LLC, PBF Holding, PBF GP and PBFX are referred to hereinafter as the “Company” unless the context otherwise requires. As of June 30, 2018 , the Company owns 113,850,959 PBF LLC Series C Units and the Company’s current and former executive officers and directors and certain employees and others beneficially own 1,206,325 PBF LLC Series A Units. As of June 30, 2018 , the holders of the Company’s issued and outstanding shares of Class A common stock have 99.0% of the voting power in the Company and the members of PBF LLC other than PBF Energy through their holdings of Class B common stock have the remaining 1.0% of the voting power in the Company. Substantially all of the Company’s operations are in the United States. The Company operates in two reportable business segments: Refining and Logistics. The Company’s oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products, and are aggregated into the Refining segment. PBFX is a publicly traded master limited partnership that was formed to operate logistical assets such as crude oil and refined petroleum products terminals, pipelines, and storage facilities. PBFX’s operations are aggregated into the Logistics segment. To generate earnings and cash flows from operations, the Company is primarily dependent upon processing crude oil and selling refined petroleum products at margins sufficient to cover fixed and variable costs and other expenses. Crude oil and refined petroleum products are commodities; and factors largely out of the Company’s control can cause prices to vary over time. The potential margin volatility can have a material effect on the Company’s financial position, earnings and cash flow. Basis of Presentation The unaudited condensed consolidated financial information furnished herein reflects all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, considered necessary for a fair presentation of the financial position and the results of operations and cash flows of the Company for the periods presented. All intercompany accounts and transactions have been eliminated in consolidation. These unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. These interim condensed consolidated financial statements should be read in conjunction with the PBF Energy financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2017 and the PBF LLC financial statements for the year ended December 31, 2017 included in the Registration Statement on Form S-4 filed on March 13, 2018 by PBF Logistics LP. The results of operations for the three and six months ended June 30, 2018 are not necessarily indicative of the results to be expected for the full year. Change in Presentation In 2017, the Company determined that it would revise the presentation of certain line items on its consolidated statements of operations to enhance its disclosure under the requirements of Rule 5-03 of Regulation S-X. The revised presentation is comprised of the inclusion of a subtotal within costs and expenses referred to as “Cost of sales” and the reclassification of total depreciation and amortization expense between such amounts attributable to cost of sales and other operating costs and expenses. The amount of depreciation and amortization expense that is presented separately within the “Cost of Sales” subtotal represents depreciation and amortization of refining and logistics assets that are integral to the refinery production process. The historical comparative information has been revised to conform to the current presentation. This revised presentation does not have an effect on the Company’s historical consolidated income from operations or net income, nor does it have any impact on its consolidated balance sheets, statements of comprehensive income or statements of cash flows. Presented below is a summary of the effects of this revised presentation on PBF Energy’s historical statements of operations for the three and six months ended June 30, 2017 : PBF Energy Three Months Ended June 30, 2017 As Previously Reported Adjustments As Reclassified Cost and expenses: Cost of products and other $ 4,605,693 — $ 4,605,693 Operating expenses (excluding depreciation and amortization expense as reflected below) (1) 412,790 — 412,790 Depreciation and amortization expense — 62,683 62,683 Cost of sales 5,081,166 General and administrative expenses (excluding depreciation and amortization expense as reflected below) (1) 41,058 — 41,058 Depreciation and amortization expense 68,703 (62,683) 6,020 Loss on sale of assets 29 — 29 Total cost and expenses $ 5,128,273 $ 5,128,273 Six Months Ended June 30, 2017 As Previously Reported Adjustments As Reclassified Cost and expenses: Cost of products and other $ 8,802,460 — $ 8,802,460 Operating expenses (excluding depreciation and amortization expense as reflected below) (1) 864,056 — 864,056 Depreciation and amortization expense — 121,853 121,853 Cost of sales 9,788,369 General and administrative expenses (excluding depreciation and amortization expense as reflected below) (1) 84,888 — 84,888 Depreciation and amortization expense 129,635 (121,853) 7,782 Loss on sale of assets 912 — 912 Total cost and expenses $ 9,881,951 $ 9,881,951 (1) Amounts disclosed include the retrospective adjustments recorded as part of the adoption of ASU 2017-07, as defined below under “Recently Adopted Accounting Guidance”. Recently Adopted Accounting Guidance In May 2014, the Financial Accounting Standard Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 (Topic 606) “Revenue from Contracts with Customers.” (“ASC 606”). ASC 606 supersedes the revenue recognition requirements in Accounting Standards Codification 605 “Revenue Recognition” (“ASC 605”), and requires entities to recognize revenue when control of the promised goods or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. The Company adopted ASC 606 as of January 1, 2018 using the modified retrospective transition method. See “Note 2 - Revenues” for further details. In March 2017, the FASB issued ASU No. 2017-07, “Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” (“ASU 2017-07”), which provides guidance to improve the reporting of net periodic benefit cost in the income statement and on the components eligible for capitalization in assets. Under the new guidance, employers will present the service cost component of net periodic benefit cost in the same income statement line item(s) as other employee compensation costs arising from services rendered during the period. Only the service cost component will be eligible for capitalization in assets. Additionally, under this guidance, employers will present the other non-service components of the net periodic benefit cost separately from the line item(s) that includes the service cost and outside of any subtotal of operating income, if one is presented. Employers will apply the guidance on the presentation of the components of net periodic benefit cost in the income statement retrospectively. The guidance limiting the capitalization of net periodic benefit cost in assets to the service cost component will be applied prospectively. The guidance includes a practical expedient allowing entities to estimate amounts for comparative periods using the information previously disclosed in their pension and other postretirement benefit plan note to the financial statements. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The Company adopted ASU 2017-07 effective January 1, 2018 and applied the new guidance retrospectively in the Condensed Consolidated Statement of Operations. For the three and six months ended June 30, 2018 , the Company recorded income of $277 and $555 , respectively. For the three and six months ended June 30, 2017 , the Company recorded expense of $101 and $202 , respectively. These income and expenses have been recorded within Other income (expense) for the non-service cost components of net periodic benefit cost that were historically recorded within Operating expenses and General and administrative expenses. In May 2017, the FASB issued ASU No. 2017-09, “Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting” (“ASU 2017-09”), which provides guidance to increase clarity and reduce both diversity in practice and cost and complexity when applying the existing accounting guidance on changes to the terms or conditions of a share-based payment award. The amendments in ASU 2017-09 require an entity to account for the effects of a modification unless all the following are met: (i) the fair value of the modified award is the same as the fair value of the original award immediately before the original award is modified; (ii) the vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified; and (iii) the classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified. The guidance in ASU 2017-09 should be applied prospectively. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The Company’s adoption of this guidance did not materially impact its condensed consolidated financial statements. Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), to increase the transparency and comparability about leases among entities. Additional ASUs have been issued subsequent to ASU 2016-02 to provide additional clarification and implementation guidance for leases related to ASU 2016-02 related to, among other things, the application of certain practical expedients, the rate implicit in the lease, lessee reassessment of lease classification, lessor reassessment of lease term and purchase options, variable payments that depend on an index or rate and certain transition adjustments (collectively, the Company refers to ASU 2016-02 and these additional ASUs as the “Updated Lease Guidance”). The Updated Lease Guidance requires lessees to recognize a lease liability and a corresponding lease asset for virtually all lease contracts. It also requires additional disclosures about leasing arrangements. The Updated Lease Guidance is effective for interim and annual periods beginning after December 15, 2018, and requires a modified retrospective approach to adoption. While early adoption is permitted, the Company will not early adopt the Updated Lease Guidance. The Company has established a working group to study and lead the implementation of the Updated Lease Guidance and has instituted a task plan designed to meet the requirements and implementation deadline. The Company has also evaluated and purchased a lease software system, completed software design and configuration of the system, and begun testing the implementation of the selected system. The working group continues to evaluate the impact of the Updated Lease Guidance on the Company’s consolidated financial statements and related disclosures and the impact on its business processes and controls. While the assessment of this standard is ongoing, the Company has identified that the most significant impacts of the Updated Lease Guidance will be to bring nearly all leases on its balance sheet with “right of use assets” and “lease obligation liabilities” as well as accelerating recognition of the interest expense component of financing leases. The new standard will also require additional disclosures for financing and operating leases. In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities” (“ASU 2017-12”). The amendments in ASU 2017-12 more closely align the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. The amendments in ASU 2017-12 address specific limitations in current GAAP by expanding hedge accounting for both nonfinancial and financial risk components and by refining the measurement of hedge results to better reflect an entity’s hedging strategies. Thus, the amendments in ASU 2017-12 will enable an entity to better portray the economic results of hedging activities for certain fair value and cash flow hedges and will avoid mismatches in earnings by allowing for greater precision when measuring changes in fair value of the hedged item for certain fair value hedges. Additionally, by aligning the timing of recognition of hedge results with the earnings effect of the hedged item for cash flow and net investment hedges, and by including the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is presented, the results of an entity’s hedging program and the cost of executing that program will be more visible to users of financial statements. The guidance in ASU 2017-12 concerning amendments to cash flow and net investment hedge relationships that exist on the date of adoption should be applied using a modified retrospective approach (i.e., with a cumulative effect adjustment recorded to the opening balance of retained earnings as of the initial application date). The guidance in ASU 2017-12 also provides transition relief to make it easier for entities to apply certain amendments to existing hedges (including fair value hedges) where the hedge documentation needs to be modified. The presentation and disclosure requirements of ASU 2017-12 should be applied prospectively. The amendments in this ASU are effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods. The Company is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures. In June 2018, the FASB issued ASU No. 2018-07, “Compensation - Stock Compensation (Topic 718): Targeted Improvements to Non-employee Share-Based Payment Accounting” (“ASU 2018-07”). ASU 2018-07 expands the scope of Topic 718, Compensation-Stock Compensation, to include share-based payment transactions for acquiring goods and services from nonemployees. Under ASU 2018-07, the existing employee guidance for share-based payments will apply to nonemployee share-based transactions (as long as the transaction is not effectively a form of financing), with the exception of specific guidance related to the attribution of compensation cost. The cost of nonemployee awards will continue to be recorded as if the grantor had paid cash for the goods or services. In addition, the contractual term will be able to be used in lieu of an expected term in the option-pricing model for nonemployee awards. ASU 2018-07 also specifies the following: (i) that equity-classified share-based payment awards issued to nonemployees will now be measured on the grant date, instead of the previous requirement to re-measure the awards through the performance completion date; (ii) for performance conditions, compensation cost associated with the award will be recognized when achievement of the performance condition is probable, rather than upon achievement of the performance condition; (iii) the current requirement to reassess the classification (equity or liability) for nonemployee awards upon vesting will be eliminated, except for awards in the form of convertible instruments. Finally, ASU 2018-07 also clarifies that any share-based payment awards issued to customers should be evaluated under ASC 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods. Early adoption is permitted. Upon adoption, an entity should only re-measure liability-classified awards that have not been settled by the date of adoption and equity-classified awards for which a measurement date has not been established through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. Upon transition, the entity is required to measure these nonemployee awards at fair value as of the adoption date. The entity must not re-measure assets that are completed. Disclosures required at transition include the nature of and reason for the change in accounting principle and, if applicable, quantitative information about the cumulative effect of the change on retained earnings or other components of equity. The Company is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures.

REVENUE (Notes)

REVENUE (Notes)	6 Months Ended
	Jun. 30, 2018
REVENUE [Abstract]
Revenue from Contract with Customer [Text Block]	2. REVENUES Adoption of Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers” Prior to January 1, 2018, the Company recognized revenue from customers when all of the following criteria were met: (i) persuasive evidence of an exchange arrangement existed, (ii) delivery had occurred or services had been rendered, (iii) the buyer’s price was fixed or determinable and (iv) collectability was reasonably assured. Amounts billed in advance of the period in which the service was rendered or product delivered were recorded as deferred revenue. Effective January 1, 2018, the Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers. As a result, the Company has changed its accounting policy for the recognition of revenue from contracts with customers as detailed below. The Company adopted ASC 606 using the modified retrospective method, which has been applied for the three and six months ended June 30, 2018 . The Company has applied ASC 606 only to those contracts that were not complete as of January 1, 2018. As such, the financial information for prior periods has not been adjusted and continues to be reported under ASC 605. The Company did not record a cumulative effect adjustment upon initially applying ASC 606 as there was not a significant impact upon adoption; however, the details of significant qualitative and quantitative disclosure changes upon implementing ASC 606 are discussed below. Revenue Recognition Revenues are recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. As noted in “Note 15 - Segment Information”, the Company’s business consists of the Refining Segment and Logistics Segment. The following table provides information relating to the Company’s revenues for each product or group of similar products or services by segment for the periods presented: Three Months Ended June 30, 2018 2017 Refining Segment: Gasoline and distillates $ 6,341,757 $ 4,154,375 Feedstocks and other 404,197 310,951 Asphalt and blackoils 397,203 287,731 Chemicals 202,552 179,076 Lubricants 94,761 81,118 Total 7,440,470 5,013,251 Logistics Segment: Logistics 67,398 62,329 Total revenue prior to eliminations 7,507,868 5,075,580 Eliminations of intercompany revenue (63,785 ) (58,355 ) Total Revenues $ 7,444,083 $ 5,017,225 Six Months Ended June 30, 2018 2017 Refining Segment: Gasoline and distillates $ 11,336,077 $ 8,243,186 Asphalt and blackoils 706,064 472,859 Feedstocks and other 642,906 535,361 Chemicals 378,660 363,499 Lubricants 176,364 148,544 Total 13,240,071 9,763,449 Logistics Segment: Logistics 131,437 122,806 Total revenue prior to eliminations 13,371,508 9,886,255 Eliminations of intercompany revenue (124,649 ) (114,557 ) Total Revenues $ 13,246,859 $ 9,771,698 The majority of the Company’s revenues are generated from the sale of refined petroleum products reported in the Refining segment. These revenues are largely based on the current spot (market) prices of the products sold, which represent consideration specifically allocable to the products being sold on a given day, and the Company recognizes those revenues upon delivery and transfer of title to the products to our customers. The time at which delivery and transfer of title occurs is the point when the Company’s control of the products is transferred to the Company’s customers and when their performance obligation to their customers is fulfilled. Delivery and transfer in title are specifically agreed to between the Company and customers within the contracts. The Refining segment also has contracts which contain fixed pricing, tiered pricing, minimum volume features with makeup periods, or other factors that have not materially been affected by ASC 606. Logistics segment revenue is generated by charging fees for crude oil and refined products terminaling, storing and pipeline services based on the greater of contractual minimum volume commitments, as applicable, or the delivery of actual volumes transferred based on contractual rates applied to throughput volumes. A majority of the Company’s logistics revenues are generated between intercompany transactions and are eliminated on consolidation. Deferred Revenues The Company records deferred revenues when cash payments are received or are due in advance of our performance, including amounts which are refundable. Deferred revenue was $4,809 and $8,933 as of June 30, 2018 and December 31, 2017 , respectively. The decrease in the deferred revenue balance for the six months ended June 30, 2018 is primarily driven by the timing and extent of cash payments received or due in advance of satisfying the Company’s performance obligations for the comparative periods. Our payment terms vary by the type and location of our customer and the products offered. The period between invoicing and when payment is due is not significant (i.e. generally within two months). For certain products or services and customer types, we require payment before the products or services are delivered to the customer. Significant Judgment and Practical Expedients For performance obligations related to sales of products, the Company has determined that customers are able to direct the use of, and obtain substantially all of the benefits from, the products at the point in time that the products are delivered. The Company has determined that the transfer of control upon delivery to the customer’s requested destination accurately depicts the transfer of goods. Upon the delivery of the products and transfer of control, the Company generally has the present right to payment and the customers bear the risks and rewards of ownership of the products. We have elected the practical expedient to not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed.

PBF LOGISITICS LP

PBF LOGISITICS LP	6 Months Ended
	Jun. 30, 2018
PBF LOGISTICS LP [Abstract]
PBF Logistics LP	PBF LOGISTICS LP PBFX is a fee-based, growth-oriented, publicly traded Delaware master limited partnership formed by PBF Energy to own or lease, operate, develop and acquire crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. PBFX engages in the receiving, handling, storage and transferring of crude oil, refined products, natural gas and intermediates from sources located throughout the United States and Canada for PBF Energy in support of its refineries, as well as for third party customers. As of June 30, 2018 , a substantial majority of PBFX’s revenue is derived from long-term, fee-based commercial agreements with PBF Holding, which include minimum volume commitments for receiving, handling, storing and transferring crude oil, refined products and natural gas. PBF Energy also has agreements with PBFX that establish fees for certain general and administrative services and operational and maintenance services provided by PBF Holding to PBFX. These transactions, other than those with third parties, are eliminated by PBF Energy and PBF LLC in consolidation. PBFX, a variable interest entity, is consolidated by PBF Energy through its ownership of PBF LLC. PBF LLC, through its ownership of PBF GP, has the sole ability to direct the activities of PBFX that most significantly impact its economic performance. PBF LLC is considered to be the primary beneficiary of PBFX for accounting purposes. As of June 30, 2018 , PBF LLC holds a 43.9% limited partner interest in PBFX consisting of 18,459,497 common units, with the remaining 56.1% limited partner interest held by public unit holders. PBF LLC also owns all of the incentive distribution rights (“IDRs”) and indirectly owns a non-economic general partner interest in PBFX through its wholly-owned subsidiary, PBF GP, the general partner of PBFX. The IDRs entitle PBF LLC to receive increasing percentages, up to a maximum of 50.0% , of the cash PBFX distributes from operating surplus in excess of $0.345 per unit per quarter. Knoxville Terminals Purchase On April 16, 2018, PBFX completed the purchase of two refined product terminals located in Knoxville, Tennessee, which include product tanks, pipeline connections to the Colonial and Plantation pipeline systems and truck loading facilities (the “Knoxville Terminals”) from Cummins Terminals, Inc. for total cash consideration of approximately $58,000 , excluding working capital adjustments (the “Knoxville Terminals Purchase”). The transaction was financed through a combination of cash on hand and borrowings under the PBFX Revolving Credit Facility.

EQUITY

EQUITY	6 Months Ended
	Jun. 30, 2018
Noncontrolling Interest [Abstract]
EQUITY	The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF Energy for the six months ended June 30, 2018 and 2017 , respectively: PBF Energy Inc. Equity Noncontrolling Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2018 $ 2,336,654 $ 110,203 $ 10,808 $ 445,284 $ 2,902,949 Comprehensive income 302,790 7,399 8 19,575 329,772 Dividends and distributions (67,347 ) (1,362 ) — (23,562 ) (92,271 ) Effects of exchanges of PBF LLC Series A Units on deferred tax assets and liabilities and Tax Receivable Agreement obligation (2,380 ) — — — (2,380 ) Equity-based compensation awards 9,520 — — 3,497 13,017 Exercise of PBF LLC and PBF Energy options and warrants, net 11,671 (346 ) — — 11,325 Other 10,921 — — (1,049 ) 9,872 Balance at June 30, 2018 $ 2,601,829 $ 115,894 $ 10,816 $ 443,745 $ 3,172,284 PBF Energy Inc. Equity Noncontrolling Noncontrolling Noncontrolling Total Equity Balance at January 1, 2017 $ 2,025,044 $ 98,671 $ 12,513 $ 434,456 $ 2,570,684 Comprehensive income (loss) (140,118 ) (8,439 ) 380 24,640 (123,537 ) Dividends and distributions (65,807 ) (2,300 ) — (21,787 ) (89,894 ) Equity-based compensation awards 10,134 — — 3,708 13,842 Other (2,098 ) — — (4 ) (2,102 ) Balance at June 30, 2017 $ 1,827,155 $ 87,932 $ 12,893 $ 441,013 $ 2,368,993 Noncontrolling Interest in PBF LLC PBF Energy is the sole managing member of, and has a controlling interest in, PBF LLC. As the sole managing member of PBF LLC, PBF Energy operates and controls all of the business and affairs of PBF LLC and its subsidiaries. As of June 30, 2018 and December 31, 2017 , PBF Energy’s equity interest in PBF LLC represented approximately 99.0% and 96.7% , respectively, of the outstanding interests. PBF Energy consolidates the financial results of PBF LLC and its subsidiaries, and records a noncontrolling interest for the economic interest in PBF Energy held by the members of PBF LLC other than PBF Energy. Noncontrolling interest on the condensed consolidated statements of operations includes the portion of net income or loss attributable to the economic interest in PBF Energy held by the members of PBF LLC other than PBF Energy. Noncontrolling interest on the condensed consolidated balance sheets represents the portion of net assets of PBF Energy attributable to the members of PBF LLC other than PBF Energy. The noncontrolling interest ownership percentages in PBF LLC as of June 30, 2018 and December 31, 2017 are calculated as follows: Holders of PBF LLC Series A Units Outstanding Shares of PBF Energy Class A Common Stock Total * December 31, 2017 3,767,464 110,565,531 114,332,995 3.3 % 96.7 % 100.0 % June 30, 2018 1,206,325 113,829,728 115,036,053 1.0 % 99.0 % 100.0 % —————————— * Assumes all of the holders of PBF LLC Series A Units exchange their PBF LLC Series A Units for shares of PBF Energy’s Class A common stock on a one -for-one basis. Noncontrolling Interest in PBFX PBF LLC holds a 43.9% limited partner interest in PBFX and owns all of PBFX’s IDRs, with the remaining 56.1% limited partner interest owned by public common unit holders as of June 30, 2018 . PBF LLC is also the sole member of PBF GP, the general partner of PBFX. PBF Energy, through its ownership of PBF LLC, consolidates the financial results of PBFX, and records a noncontrolling interest for the economic interest in PBFX held by the public common unit holders. Noncontrolling interest on the condensed consolidated statements of operations includes the portion of net income or loss attributable to the economic interest in PBFX held by the public common unit holders of PBFX other than PBF Energy (through its ownership in PBF LLC). Noncontrolling interest on the condensed consolidated balance sheets includes the portion of net assets of PBFX attributable to the public common unit holders of PBFX. The noncontrolling interest ownership percentages in PBFX as of June 30, 2018 and December 31, 2017 , are calculated as follows: Units of PBFX Held by the Public Units of PBFX Held by PBF LLC Total December 31, 2017 23,441,211 18,459,497 41,900,708 55.9 % 44.1 % 100.0 % June 30, 2018 23,613,565 18,459,497 42,073,062 56.1 % 43.9 % 100.0 % Noncontrolling Interest in PBF Holding In connection with the Chalmette Acquisition, PBF Holding recorded noncontrolling interests in two subsidiaries of Chalmette Refining. PBF Holding, through Chalmette Refining, owns an 80% ownership interest in both Collins Pipeline Company and T&M Terminal Company. For the three months ended June 30, 2018 and 2017 the Company recorded a noncontrolling interest in the earnings of these subsidiaries of $76 and $267 , respectively. For the six months ended June 30, 2018 and 2017 the Company recorded a noncontrolling interest in the earnings of these subsidiaries of $8 and $380 , respectively. Changes in Equity and Noncontrolling Interests The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF Energy for the six months ended June 30, 2018 and 2017 , respectively: PBF Energy Inc. Equity Noncontrolling Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2018 $ 2,336,654 $ 110,203 $ 10,808 $ 445,284 $ 2,902,949 Comprehensive income 302,790 7,399 8 19,575 329,772 Dividends and distributions (67,347 ) (1,362 ) — (23,562 ) (92,271 ) Effects of exchanges of PBF LLC Series A Units on deferred tax assets and liabilities and Tax Receivable Agreement obligation (2,380 ) — — — (2,380 ) Equity-based compensation awards 9,520 — — 3,497 13,017 Exercise of PBF LLC and PBF Energy options and warrants, net 11,671 (346 ) — — 11,325 Other 10,921 — — (1,049 ) 9,872 Balance at June 30, 2018 $ 2,601,829 $ 115,894 $ 10,816 $ 443,745 $ 3,172,284 PBF Energy Inc. Equity Noncontrolling Noncontrolling Noncontrolling Total Equity Balance at January 1, 2017 $ 2,025,044 $ 98,671 $ 12,513 $ 434,456 $ 2,570,684 Comprehensive income (loss) (140,118 ) (8,439 ) 380 24,640 (123,537 ) Dividends and distributions (65,807 ) (2,300 ) — (21,787 ) (89,894 ) Equity-based compensation awards 10,134 — — 3,708 13,842 Other (2,098 ) — — (4 ) (2,102 ) Balance at June 30, 2017 $ 1,827,155 $ 87,932 $ 12,893 $ 441,013 $ 2,368,993 The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF LLC for the six months ended June 30, 2018 and 2017 , respectively: PBF Energy Company LLC Equity Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2018 $ 2,422,411 $ 10,808 $ 445,284 $ 2,878,503 Comprehensive income 418,056 8 19,575 437,639 Dividends and distributions (68,709 ) — (23,562 ) (92,271 ) Equity-based compensation awards 9,520 — 3,497 13,017 Exercise of PBF LLC options and warrants, net (3,275 ) — — (3,275 ) Other 10,921 — (1,049 ) 9,872 Balance at June 30, 2018 $ 2,788,924 $ 10,816 $ 443,745 $ 3,243,485 PBF Energy Company LLC Equity Noncontrolling Noncontrolling Total Equity Balance at January 1, 2017 $ 2,040,851 $ 12,513 $ 434,456 $ 2,487,820 Comprehensive income (loss) (250,006 ) 380 24,639 (224,987 ) Dividends and distributions (68,107 ) — (21,787 ) (89,894 ) Equity-based compensation awards 10,134 — 3,708 13,842 Other (2,102 ) — (3 ) (2,105 ) Balance at June 30, 2017 $ 1,730,770 $ 12,893 $ 441,013 $ 2,184,676 Share Activity The following table presents the changes in PBF Energy Class A common stock and treasury stock outstanding: Six Months Ended June 30, 2018 Year Ended December 31, 2017 Class A Common Stock Treasury Stock Class A Common Stock Treasury Stock Balance at beginning of period 110,565,531 6,132,884 109,204,047 6,087,963 Treasury stock purchases (1) (39,014 ) 39,014 — 44,921 Stock based compensation 12,244 — 702,404 — Exercise of options and warrants 602,916 — 462,500 — Exchange of PBF LLC Series A units for shares of Class A common stock 2,688,051 — 196,580 — Balance at end of period 113,829,728 6,171,898 110,565,531 6,132,884 _____ (1) Includes shares repurchased from participants in connection with the vesting of equity awards granted under the Company’s stock compensation plans to cover employee income tax liabilities. The following table presents the changes in PBF LLC Series C Units and Series A Units outstanding: Six Months Ended June 30, 2018 Year Ended December 31, 2017 Series A Units Series C Units Series A Units Series C Units Balance at beginning of period 3,767,464 110,586,762 3,920,902 109,204,047 Exercise of Series A warrants and options 126,912 602,916 64,373 462,500 Exchange of Series A units for PBF Energy Class A common stock (2,688,051 ) 2,688,051 (196,580 ) 217,811 Grant of restricted shares — 12,244 — 702,404 Surrender of units for tax withholding — (39,014 ) — — Redemption of Series A units by PBF Energy — — (21,231 ) — Balance at end of period 1,206,325 113,850,959 3,767,464 110,586,762

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following: June 30, 2018 Titled Inventory Inventory Intermediation Agreements Total Crude oil and feedstocks $ 1,159,842 $ — $ 1,159,842 Refined products and blendstocks 1,036,028 296,142 1,332,170 Warehouse stock and other 103,066 — 103,066 $ 2,298,936 $ 296,142 $ 2,595,078 Lower of cost or market adjustment (11,751 ) (43,050 ) (54,801 ) Total inventories $ 2,287,185 $ 253,092 $ 2,540,277 December 31, 2017 Titled Inventory Inventory Intermediation Agreements Total Crude oil and feedstocks $ 1,073,093 $ — $ 1,073,093 Refined products and blendstocks 1,030,817 311,477 1,342,294 Warehouse stock and other 98,866 — 98,866 $ 2,202,776 $ 311,477 $ 2,514,253 Lower of cost or market adjustment (232,652 ) (67,804 ) (300,456 ) Total inventories $ 1,970,124 $ 243,673 $ 2,213,797 Inventory under inventory intermediation agreements included certain light finished products sold to counterparties and stored in the Paulsboro and Delaware City refineries’ storage facilities in connection with the amended and restated inventory intermediation agreements (as amended, the “Inventory Intermediation Agreements”) with J. Aron & Company, a subsidiary of The Goldman Sachs Group, Inc. (“J. Aron”). During the three months ended June 30, 2018 , the Company recorded an adjustment to value its inventories to the lower of cost or market which increased operating income and net income by $158,002 and $116,274 , respectively, reflecting the net change in the lower of cost or market inventory reserve from $212,803 at March 31, 2018 to $54,801 at June 30, 2018 . During the six months ended June 30, 2018 , the Company recorded an adjustment to value its inventories to the lower of cost or market which increased operating income and net income by $245,655 and $180,778 , respectively, reflecting the net change in the lower of cost or market inventory reserve from $300,456 at December 31, 2017 to $54,801 at June 30, 2018 . During the three months ended June 30, 2017 , the Company recorded an adjustment to value its inventories to the lower of cost or market which decreased operating income and net income by $151,095 and $91,624 , respectively, reflecting the net change in the lower of cost or market inventory reserve from $612,027 at March 31, 2017 to $763,122 at June 30, 2017 . During the six months ended June 30, 2017 , the Company recorded an adjustment to value its inventories to the lower of cost or market which decreased operating income and net income by $167,134 and $101,350 , respectively, reflecting the net change in the lower of cost or market inventory reserve from $595,988 at December 31, 2016 to $763,122 at June 30, 2017 .

ACCRUED EXPENSES

ACCRUED EXPENSES	6 Months Ended
	Jun. 30, 2018
Payables and Accruals [Abstract]
ACCRUED EXPENSES	6. ACCRUED EXPENSES Accrued expenses consisted of the following: PBF Energy June 30, December 31, Inventory-related accruals $ 1,138,913 $ 1,151,810 Inventory intermediation agreements 227,740 244,287 Excise and sales tax payable 176,557 118,515 Accrued transportation costs 53,464 64,400 Renewable energy credit and emissions obligations 52,390 26,231 Accrued utilities 31,647 42,189 Accrued salaries and benefits 30,347 58,589 Accrued refinery maintenance and support costs 25,578 35,674 Customer deposits 22,670 16,133 Accrued interest 15,170 14,080 Accrued capital expenditures 14,395 18,765 Environmental liabilities 7,197 8,289 Other 33,969 15,892 Total accrued expenses $ 1,830,037 $ 1,814,854 PBF LLC June 30, December 31, Inventory-related accruals $ 1,138,913 $ 1,151,810 Inventory intermediation agreements 227,740 244,287 Excise and sales tax payable 176,557 118,515 Accrued transportation costs 53,464 64,400 Renewable energy credit and emissions obligations 52,390 26,231 Accrued utilities 31,647 42,189 Accrued salaries and benefits 30,347 58,589 Accrued interest 28,461 23,419 Accrued refinery maintenance and support costs 25,578 35,674 Customer deposits 22,670 16,133 Accrued capital expenditures 14,395 18,765 Environmental liabilities 7,197 8,289 Other 33,886 16,093 Total accrued expenses $ 1,843,245 $ 1,824,394 The Company has the obligation to repurchase certain intermediates and finished products that are held in the Company’s refinery storage tanks at the Delaware City and Paulsboro refineries in accordance with the Inventory Intermediation Agreements with J. Aron. As of June 30, 2018 and December 31, 2017 , a liability is recognized for the Inventory Intermediation Agreements and is recorded at market price for the J. Aron owned inventory held in the Company’s storage tanks under the Inventory Intermediation Agreements, with any change in the market price being recorded in Cost of products and other. The Company is subject to obligations to purchase Renewable Identification Numbers (“RINs”) required to comply with the Renewable Fuels Standard. The Company’s overall RINs obligation is based on a percentage of domestic shipments of on-road fuels as established by the Environmental Protection Agency (“EPA”). To the degree the Company is unable to blend the required amount of biofuels to satisfy its RINs obligation, RINs must be purchased on the open market to avoid penalties and fines. The Company records its RINs obligation on a net basis in Accrued expenses when its RINs liability is greater than the amount of RINs earned and purchased in a given period and in Prepaid and other current assets when the amount of RINs earned and purchased is greater than the RINs liability. In addition, the Company is subject to obligations to comply with federal and state legislative and regulatory measures, including regulations in the state of California pursuant to Assembly Bill 32 (“AB32”), to address environmental compliance and greenhouse gas and other emissions. These requirements include incremental costs to operate and maintain our facilities as well as to implement and manage new emission controls and programs. Renewable energy credit and emissions obligations fluctuate with the volume of applicable product sales and timing of credit purchases.

AFFILIATE NOTE PAYABLE - PBF LL

AFFILIATE NOTE PAYABLE - PBF LLC (Notes)	6 Months Ended
	Jun. 30, 2018
AFFILIATE NOTE PAYABLE - PBF LLC [Abstract]
Affiliate Note Payable [Text Block]	. AFFILIATE NOTE PAYABLE - PBF LLC As of June 30, 2018 and December 31, 2017 , PBF LLC had an outstanding note payable with PBF Energy for an aggregate principal amount of $322,144 and $292,844 , respectively. The notes have an interest rate of 2.5% and a 5 -year term but may be prepaid in whole or in part at any time, at the option of the payor without penalty or premium.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES PBF Energy files federal and applicable state corporate income tax returns and recognizes income taxes on its pre-tax income, which to-date has consisted primarily of its share of PBF LLC’s pre-tax income (approximately 99.0% as of June 30, 2018 and approximately 96.7% as of December 31, 2017 ). PBF LLC is organized as a limited liability company and PBFX is a master limited partnership, both of which are treated as “flow-through” entities for federal income tax purposes and therefore are not subject to income taxes apart from the income tax attributable to the two subsidiaries acquired in connection with the acquisition of Chalmette Refining and PBF Holding’s wholly-owned Canadian subsidiary, PBF Ltd, that are treated as C-Corporations for income tax purposes. The income tax expense (benefit) in the PBF Energy condensed consolidated financial statements of operations consists of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Current income tax expense $ 669 $ 901 $ 752 $ 1,374 Deferred income tax expense (benefit) 94,876 (72,944 ) 105,735 (92,464 ) Total income tax expense (benefit) $ 95,545 $ (72,043 ) $ 106,487 $ (91,090 ) Income tax expense (benefit) is based on income (loss) before taxes attributable to PBF Energy and excludes income before taxes attributable to noncontrolling interests as such interests are generally not subject to income taxes except as noted above. The difference between PBF Energy’s effective income tax rate and the United States statutory rate is reconciled below: Three Months Ended Six Months Ended 2018 2017 2018 2017 Provision at Federal statutory rate 21.0 % 35.0 % 21.0 % 35.0 % Increase (decrease) attributable to flow-through of certain tax adjustments: State income taxes (net of federal income tax) 5.6 % 4.8 % 5.6 % 4.7 % Nondeductible/nontaxable items 0.1 % (0.9 )% 0.1 % (0.7 )% Rate differential from foreign jurisdictions (0.2 )% 1.0 % (0.2 )% 0.9 % Foreign tax rate change — % — % — % (0.4 )% Other (0.5 )% (0.3 )% (0.5 )% (0.2 )% Effective tax rate 26.0 % 39.6 % 26.0 % 39.3 % PBF Energy’s effective income tax rate for the three and six months ended June 30, 2018 , including the impact of income attributable to noncontrolling interests of $15,534 and $26,979 , respectively, was 24.9% and 24.4% , respectively. PBF Energy’s effective income tax rate for the three and six months ended June 30, 2017 , including the impact of income attributable to noncontrolling interests of $5,512 and $16,559 , respectively, was 40.9% and 42.3% respectively. The decrease in effective tax rate when comparing the three and six month periods ended June 30, 2018 to the three and six month periods ended June 30, 2017 is primarily driven by the Tax Cuts and Jobs Act (“TCJA”), which was effective as of January 1, 2018. The TCJA significantly revised the U.S. tax code by, among other things, lowering the corporate income tax rate from 35.0% to 21.0% . In connection with the enactment of the TCJA, PBF Energy recorded a net tax expense of $20,153 in the year ending December 31, 2017. It is the Company’s expectation that the other legislative areas within TCJA, such as the Transition Tax and the Global Low-Taxed Intangible Income, will not have a material impact on the provision for income taxes. The income tax expense (benefit) in the PBF LLC condensed consolidated financial statements of operations consists of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Current income tax (benefit) expense $ (26 ) $ 737 $ (31 ) $ 1,209 Deferred income tax (benefit) expense (3,957 ) 5,161 (4,653 ) 5,123 Total income tax (benefit) expense $ (3,983 ) $ 5,898 $ (4,684 ) $ 6,332 The Company has determined there are no material uncertain tax positions as of June 30, 2018 . The Company does not have any unrecognized tax benefits.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Environmental Matters The Company’s refineries, pipelines and related operations are subject to extensive and frequently changing federal, state and local laws and regulations, including, but not limited to, those relating to the discharge of materials into the environment or that otherwise relate to the protection of the environment, waste management and the characteristics and the compositions of fuels. Compliance with existing and anticipated laws and regulations can increase the overall cost of operating the refineries, including remediation, operating costs and capital costs to construct, maintain and upgrade equipment and facilities. In connection with the Paulsboro refinery acquisition, the Company assumed certain environmental remediation obligations. The Paulsboro environmental liability of $11,448 recorded as of June 30, 2018 ( $10,282 as of December 31, 2017 ) represents the present value of expected future costs discounted at a rate of 8.0% . The current portion of the environmental liability is recorded in Accrued expenses and the non-current portion is recorded in Other long-term liabilities. As of June 30, 2018 and December 31, 2017 , this liability is self-guaranteed by the Company. In connection with the acquisition of the Delaware City assets, Valero Energy Corporation (“Valero”) remains responsible for certain pre-acquisition environmental obligations up to $20,000 and the predecessor to Valero in ownership of the refinery retains other historical obligations. In connection with the acquisition of the Delaware City assets and the Paulsboro refinery, the Company and Valero purchased ten year, $75,000 environmental insurance policies to insure against unknown environmental liabilities at each site. In connection with the Toledo refinery acquisition, Sunoco, Inc. (R&M) remains responsible for environmental remediation for conditions that existed on the closing date for twenty years from March 1, 2011, subject to certain limitations. In connection with the acquisition of the Chalmette refinery, the Company obtained $3,936 in financial assurance (in the form of a surety bond) to cover estimated potential site remediation costs associated with an agreed to Administrative Order of Consent with the EPA. The estimated cost assumes remedial activities will continue for a minimum of thirty years. Further, in connection with the acquisition of the Chalmette refinery, the Company purchased a ten year, $100,000 environmental insurance policy to insure against unknown environmental liabilities at the refinery. At the time the Company acquired Chalmette refinery it was subject to a Consolidated Compliance Order and Notice of Potential Penalty (the “Order”) issued by the Louisiana Department of Environmental Quality (“LDEQ”) covering deviations from 2009 and 2010. Chalmette Refining and LDEQ subsequently entered into a dispute resolution agreement to negotiate the resolution of deviations on or before December 31, 2014. On May 18, 2018 the Order was settled by LDEQ and the Chalmette refinery for an administrative penalty of $741 , of which $100 has been paid in cash and the remainder has been or will be spent on beneficial environmental projects. On December 28, 2016, DNREC issued a Coastal Zone Act permit (the “Ethanol Permit”) to DCR allowing the utilization of existing tanks and existing marine loading equipment at their existing facilities to enable denatured ethanol to be loaded from storage tanks to marine vessels and shipped to offsite facilities. On January 13, 2017, the issuance of the Ethanol Permit was appealed by two environmental groups. On February 27, 2017, the Coastal Zone Industrial Board (the “Coastal Zone Board”) held a public hearing and dismissed the appeal, determining that the appellants did not have standing. The appellants filed an appeal of the Coastal Zone Board’s decision with the Delaware Superior Court (the “Superior Court”) on March 30, 2017. On January 19, 2018, the Superior Court rendered an Opinion regarding the decision of the Coastal Zone Board to dismiss the appeal of the Ethanol Permit for the ethanol project. The Judge determined that the record created by the Coastal Zone Board was insufficient for the Superior Court to make a decision, and therefore remanded the case back to the Coastal Zone Board to address the deficiency in the record. Specifically, the Superior Court directed the Coastal Zone Board to address any evidence concerning whether the appellants’ claimed injuries would be affected by the increased quantity of ethanol shipments. During the hearing before the Coastal Zone Board on standing, one of the appellants’ witnesses made a reference to the flammability of ethanol, without any indication of the significance of flammability/ explosivity to specific concerns. Moreover, the appellants did not introduce at hearing any evidence of the relative flammability of ethanol as compared to other materials shipped to and from the refinery. However, the sole dissenting opinion from the Coastal Zone Board focused on the flammability/explosivity issue, alleging that the appellants’ testimony raised the issue as a distinct basis for potential harms. Once the Board responds to the remand, it will go back to the Superior Court to complete its analysis and issue a decision. At the time the Company acquired the Toledo refinery, the EPA had initiated an investigation into the compliance of the refinery with EPA standards governing flaring pursuant to Section 114 of the Clean Air Act. On February 1, 2013, the EPA issued an Amended Notice of Violation, and on September 20, 2013, the EPA issued a Notice of Violation and Finding of Violation to Toledo refinery, alleging certain violations of the Clean Air Act at its Plant 4 and Plant 9 flares since the acquisition of the refinery on March 1, 2011. Toledo refinery and the EPA subsequently entered into tolling agreements pending settlement discussions. Although the resolution has not been finalized, the civil administrative penalty is anticipated to be approximately $645 including supplemental environmental projects. To the extent the administrative penalty exceeds such amount, it is not expected to be material to the Company. In connection with the acquisition of the Torrance refinery and related logistics assets, the Company assumed certain pre-existing environmental liabilities totaling $133,928 as of June 30, 2018 ( $136,487 as of December 31, 2017 ), related to certain environmental remediation obligations to address existing soil and groundwater contamination and monitoring activities and other clean-up activities, which reflects the current estimated cost of the remediation obligations. The current portion of the environmental liability is recorded in Accrued expenses and the non-current portion is recorded in Other long-term liabilities. In addition, in connection with the acquisition of the Torrance refinery and related logistics assets, the Company purchased a ten year, $100,000 environmental insurance policy to insure against unknown environmental liabilities. Furthermore, in connection with the acquisition, the Company assumed responsibility for certain specified environmental matters that occurred prior to the Company’s ownership of the refinery and the logistics assets, including specified incidents and/or notices of violations (“NOVs”) issued by regulatory agencies in various years before the Company’s ownership, including the Southern California Air Quality Management District (“SCAQMD”) and the Division of Occupational Safety and Health of the State of California (“Cal/OSHA”). Subsequent to the acquisition, further NOVs were issued by the SCAQMD, Cal/OSHA, the City of Torrance, the City of Torrance Fire Department, and the Los Angeles County Sanitation District related to alleged operational violations, emission discharges and/or flaring incidents at the refinery and the logistics assets both before and after the Company’s acquisition. EPA in November 2016 conducted a Risk Management Plan (“RMP”) inspection following the acquisition related to Torrance operations and issued preliminary findings in March 2017 concerning RMP potential operational violations. EPA and the California Department of Toxic Substances Control (“DTSC”) in December 2016 conducted a Resource Conservation and Recovery Act (“RCRA”) inspection following the acquisition related to Torrance operations and also issued in March 2017 preliminary findings concerning RCRA potential operational violations. In April 2017, EPA referred the RCRA preliminary findings to DTSC for final resolution. On March 1, 2018, the Company received a notice of intent to sue from Environmental Integrity Project, on behalf of Environment California, under RCRA with respect to the alleged violations from EPA’s and DTSC’s December 2016 inspection. On March 2, 2018, DTSC issued an order to correct alleged RCRA violations relating to the accumulation of oil bearing materials in roll off bins during 2016 and 2017. On June 14, 2018, the Torrance refinery and DTSC reached settlement regarding the oil bearing materials in the form of a stipulation and order, wherein the Torrance refinery agreed that it would recycle or properly dispose of the oil bearing materials by the end of 2018 and pay an administrative penalty of $150 . Following this settlement, in June 2018, DTSC referred the remaining alleged RCRA violations from EPA’s and DTSC’s December 2016 inspection to the California Attorney General for final resolution. The Torrance refinery and the California Attorney General are in discussions to resolve these remaining alleged RCRA violations. Other than the $150 DTSC administrative penalty, no other settlement or penalty demands have been received to date with respect to any of the other NOVs, preliminary findings, or order that are in excess of $100 . As the ultimate outcomes are uncertain, the Company cannot currently estimate the final amount or timing of their resolution but any such amount is not expected to have a material impact on the Company’s financial position, results of operations or cash flows, individually or in the aggregate. In connection with the PBFX Plains Asset Purchase, PBFX is responsible for the environmental remediation costs for conditions that existed on the closing date up to a maximum of $250 per year for ten years, with Plains All American Pipeline, L.P. remaining responsible for any and all additional costs above such amounts during such period. The environmental liability of $1,668 recorded as of June 30, 2018 ( $1,923 as of December 31, 2017 ) represents the present value of expected future costs discounted at a rate of 1.83% . The current portion of the environmental liability is recorded in Accrued expenses and the non-current portion is recorded in Other long-term liabilities. Applicable Federal and State Regulatory Requirements The Company’s operations and many of the products it manufactures are subject to certain specific requirements of the Clean Air Act (the “CAA”) and related state and local regulations. The CAA contains provisions that require capital expenditures for the installation of certain air pollution control devices at the Company’s refineries. Subsequent rule making authorized by the CAA or similar laws or new agency interpretations of existing rules, may necessitate additional expenditures in future years. In 2010, New York State adopted a Low-Sulfur Heating Oil mandate that, beginning July 1, 2012, requires all heating oil sold in New York State to contain no more than 15 parts per million (“PPM”) sulfur. Since July 1, 2012, other states in the Northeast market began requiring heating oil sold in their state to contain no more than 15 PPM sulfur. Currently, all of the Northeastern states and Washington DC have adopted sulfur controls on heating oil. Most of the Northeastern states will now require heating oil with 15 PPM or less sulfur by July 1, 2018 (except for Pennsylvania and Maryland - where less than 500 PPM sulfur is required). All of the heating oil the Company currently produces meets these specifications. The mandate and other requirements do not currently have a material impact on the Company’s financial position, results of operations or cash flows. The EPA issued the final Tier 3 Gasoline standards on March 3, 2014 under the CAA. This final rule establishes more stringent vehicle emission standards and further reduces the sulfur content of gasoline starting in January 2017. The new standard is set at 10 PPM sulfur in gasoline on an annual average basis starting January 1, 2017, with a credit trading program to provide compliance flexibility. The EPA responded to industry comments on the proposed rule and maintained the per gallon sulfur cap on gasoline at the existing 80 PPM cap. The refineries are complying with these new requirements as planned, either directly or using flexibility provided by sulfur credits generated or purchased in advance as an economic optimization. The standards set by the new rule are not expected to have a material impact on the Company’s financial position, results of operations or cash flows. The Company is required to comply with the Renewable Fuel Standard (“RFS”) implemented by the EPA, which sets annual quotas for the quantity of renewable fuels (such as ethanol) that must be blended into motor fuels consumed in the United States. In July 2018, the EPA issued proposed amendments to the RFS program regulations that would establish annual percentage standards for cellulosic biofuel, biomass-based diesel, advanced biofuel, and renewable fuels that would apply to all gasoline and diesel produced in the U.S. or imported in the year 2019. In addition, the separate proposal includes a proposed biomass-based diesel applicable volume for 2020. It is likely that RIN production will continue to be lower than needed forcing obligated parties, such as the Company, to purchase cellulosic waiver credits or purchase excess RINs from suppliers on the open market. In addition, on December 1, 2015 the EPA finalized revisions to an existing air regulation concerning Maximum Achievable Control Technologies (“MACT”) for Petroleum Refineries. The regulation requires additional continuous monitoring systems for eligible process safety valves relieving to atmosphere, minimum flare gas heat (Btu) content, and delayed coke drum vent controls to be installed by January 30, 2019. In addition, a program for ambient fence line monitoring for benzene was implemented prior to the deadline of January 30, 2018. The Company is in the process of implementing the requirements of this regulation. The regulation does not have a material impact on the Company’s financial position, results of operations or cash flows. The EPA published a Final Rule to the Clean Water Act (“CWA”) Section 316(b) in August 2014 regarding cooling water intake structures, which includes requirements for petroleum refineries. The purpose of this rule is to prevent fish from being trapped against cooling water intake screens (impingement) and to prevent fish from being drawn through cooling water systems (entrainment). Facilities will be required to implement Best Technology Available (“BTA”) as soon as possible, but state agencies have the discretion to establish implementation time lines. The Company continues to evaluate the impact of this regulation, and at this time does not anticipate it having a material impact on the Company’s financial position, results of operations or cash flows. As a result of the Torrance Acquisition, the Company is subject to greenhouse gas emission control regulations in the state of California pursuant to AB32. AB32 imposes a statewide cap on greenhouse gas emissions, including emissions from transportation fuels, with the aim of returning the state to 1990 emission levels by 2020. AB32 is implemented through two market mechanisms including the Low Carbon Fuel Standard (“LCFS”) and Cap and Trade, which was extended for an additional ten years to 2030 in July 2017. The Company is responsible for the AB32 obligations related to the Torrance refinery beginning on July 1, 2016 and must purchase emission credits to comply with these obligations. Additionally, in September 2016, the state of California enacted Senate Bill 32 (“SB32”) which further reduces greenhouse gas emissions targets to 40 percent below 1990 levels by 2030. However, subsequent to the acquisition, the Company is recovering the majority of these costs from its customers, and as such does not expect this obligation to materially impact the Company’s financial position, results of operations, or cash flows. To the degree there are unfavorable changes to AB32 or SB32 regulations or the Company is unable to recover such compliance costs from customers, these regulations could have a material adverse effect on our financial position, results of operations and cash flows. The Company is subject to obligations to purchase RINs. On February 15, 2017, the Company received a notification that EPA records indicated that PBF Holding used potentially invalid RINs that were in fact verified under the EPA’s RIN Quality Assurance Program (“QAP”) by an independent auditor as QAP A RINs. Under the regulations, use of potentially invalid QAP A RINs provided the user with an affirmative defense from civil penalties provided certain conditions are met. The Company has asserted the affirmative defense and if accepted by the EPA will not be required to replace these RINs and will not be subject to civil penalties under the program. It is reasonably possible that the EPA will not accept the Company’s defense and may assess penalties in these matters but any such amount is not expected to have a material impact on the Company’s financial position, results of operations or cash flows. As of January 1, 2011, the Company is required to comply with the EPA’s Control of Hazardous Air Pollutants From Mobile Sources, or MSAT2, regulations on gasoline that impose reductions in the benzene content of its produced gasoline. The Company purchases benzene credits to meet these requirements. The Company’s planned capital projects will reduce the amount of benzene credits that it needs to purchase. In addition, the renewable fuel standards mandate the blending of prescribed percentages of renewable fuels (e.g., ethanol and biofuels) into the Company’s produced gasoline and diesel. These new requirements, other requirements of the CAA and other presently existing or future environmental regulations may cause the Company to make substantial capital expenditures as well as the purchase of credits at significant cost, to enable its refineries to produce products that meet applicable requirements. The federal Comprehensive Environmental Response, Compensation and Liability Act of 1980 (“CERCLA”), also known as “Superfund,” imposes liability, without regard to fault or the legality of the original conduct, on certain classes of persons who are considered to be responsible for the release of a “hazardous substance” into the environment. These persons include the current or former owner or operator of the disposal site or sites where the release occurred and companies that disposed of or arranged for the disposal of the hazardous substances. Under CERCLA, such persons may be subject to joint and several liability for investigation and the costs of cleaning up the hazardous substances that have been released into the environment, for damages to natural resources and for the costs of certain health studies. As discussed more fully above, certain of the Company’s sites are subject to these laws and the Company may be held liable for investigation and remediation costs or claims for natural resource damages. It is not uncommon for neighboring landowners and other third parties to file claims for personal injury and property damage allegedly caused by hazardous substances or other pollutants released into the environment. Analogous state laws impose similar responsibilities and liabilities on responsible parties. In the Company’s current normal operations, it has generated waste, some of which falls within the statutory definition of a “hazardous substance” and some of which may have been disposed of at sites that may require cleanup under Superfund. The Company is also currently subject to certain other existing environmental claims and proceedings. The Company believes that there is only a remote possibility that future costs related to any of these other known contingent liability exposures would have a material impact on its financial position, results of operations or cash flows. PBF LLC Limited Liability Company Agreement The holders of limited liability company interests in PBF LLC, including PBF Energy, generally have to include for purposes of calculating their U.S. federal, state and local income taxes their share of any taxable income of PBF LLC, regardless of whether such holders receive cash distributions from PBF LLC. PBF Energy ultimately may not receive cash distributions from PBF LLC equal to its share of such taxable income or even equal to the actual tax due with respect to that income. For example, PBF LLC is required to include in taxable income PBF LLC’s allocable share of PBFX’s taxable income and gains (such share to be determined pursuant to the partnership agreement of PBFX), regardless of the amount of cash distributions received by PBF LLC from PBFX, and such taxable income and gains will flow-through to PBF Energy to the extent of its allocable share of the taxable income of PBF LLC. As a result, at certain times, the amount of cash otherwise ultimately available to PBF Energy on account of its indirect interest in PBFX may not be sufficient for PBF Energy to pay the amount of taxes it will owe on account of its indirect interests in PBFX. Taxable income of PBF LLC generally is allocated to the holders of PBF LLC units (including PBF Energy) pro-rata in accordance with their respective share of the net profits and net losses of PBF LLC. In general, PBF LLC is required to make periodic tax distributions to the members of PBF LLC, including PBF Energy, pro-rata in accordance with their respective percentage interests for such period (as determined under the amended and restated limited liability company agreement of PBF LLC), subject to available cash and applicable law and contractual restrictions (including pursuant to our debt instruments) and based on certain assumptions. Generally, these tax distributions are required to be in an amount equal to our estimate of the taxable income of PBF LLC for the year multiplied by an assumed tax rate equal to the highest effective marginal combined U.S. federal, state and local income tax rate prescribed for an individual or corporate resident in New York, New York (taking into account the nondeductibility of certain expenses). If, with respect to any given calendar year, the aggregate periodic tax distributions were less than the actual taxable income of PBF LLC multiplied by the assumed tax rate, PBF LLC is required to make a “true up” tax distribution, no later than March 15 of the following year, equal to such difference, subject to the available cash and borrowings of PBF LLC. PBF LLC generally obtains funding to pay its tax distributions by causing PBF Holding to distribute cash to PBF LLC and from distributions it receives from PBFX. Tax Receivable Agreement PBF Energy entered into a tax receivable agreement with the PBF LLC Series A and PBF LLC Series B Unit holders (the “Tax Receivable Agreement”) that provides for the payment by PBF Energy to such persons of an amount equal to 85% of the amount of the benefits, if any, that PBF Energy is deemed to realize as a result of (i) increases in tax basis, as described below, and (ii) certain other tax benefits related to entering into the Tax Receivable Agreement, including tax benefits attributable to payments under the Tax Receivable Agreement. For purposes of the Tax Receivable Agreement, the benefits deemed realized by PBF Energy will be computed by comparing the actual income tax liability of PBF Energy (calculated with certain assumptions) to the amount of such taxes that PBF Energy would have been required to pay had there been no increase to the tax basis of the assets of PBF LLC as a result of purchases or exchanges of PBF LLC Series A Units for shares of PBF Energy’s Class A common stock and had PBF Energy not entered into the Tax Receivable Agreement. The term of the Tax Receivable Agreement will continue until all such tax benefits have been utilized or expired unless: (i) PBF Energy exercises its right to terminate the Tax Receivable Agreement, (ii) PBF Energy breaches any of its material obligations under the Tax Receivable Agreement or (iii) certain changes of control occur, in which case all obligations under the Tax Receivable Agreement will generally be accelerated and due as calculated under certain assumptions. The payment obligations under the Tax Receivable Agreement are obligations of PBF Energy and not of PBF LLC, PBF Holding or PBFX. In general, PBF Energy expects to obtain funding for these annual payments from PBF LLC, primarily through tax distributions, which PBF LLC makes on a pro-rata basis to its owners. Such owners include PBF Energy, which holds a 99.0% interest in PBF LLC as of June 30, 2018 ( 96.7% as of December 31, 2017 ). PBF LLC generally obtains funding to pay its tax distributions by causing PBF Holding to distribute cash to PBF LLC and from distributions it receives from PBFX. As of June 30, 2018 , PBF Energy has recognized a liability for the Tax Receivable Agreement of $391,156 ( $362,142 as of December 31, 2017 ) reflecting the estimate of the undiscounted amounts that the Company expects to pay under the agreement.

DIVIDENDS AND DISTRIBUTIONS

DIVIDENDS AND DISTRIBUTIONS	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
DIVIDENDS AND DISTRIBUTIONS	DIVIDENDS AND DISTRIBUTIONS With respect to dividends and distributions paid during the six months ended June 30, 2018 , PBF LLC made aggregate non-tax quarterly distributions of $68,517 , or $0.30 per unit to its members, of which $67,155 was distributed pro-rata to PBF Energy and the balance was distributed to its other members. PBF Energy used this $67,155 to pay quarterly cash dividends of $0.30 per share of Class A common stock on March 14, 2018 and May 30, 2018. With respect to distributions paid during the six months ended June 30, 2018 , PBFX paid a distribution on outstanding common units of $0.485 per unit on March 14, 2018 and $0.490 per unit on May 30, 2018, of which $23,689 was distributed to PBF LLC and the balance was distributed to its public unit holders.

EMPLOYEE BENEFIT PLANS

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

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The tables below present information about the Company’s financial assets and liabilities measured and recorded at fair value on a recurring basis and indicate the fair value hierarchy of the inputs utilized to determine the fair values as of June 30, 2018 and December 31, 2017 . We have elected to offset the fair value amounts recognized for multiple derivative contracts executed with the same counterparty; however, fair value amounts by hierarchy level are presented on a gross basis in the tables below. We have posted cash margin with various counterparties to support hedging and trading activities. The cash margin posted is required by counterparties as collateral deposits and cannot be offset against the fair value of open contracts except in the event of default. We have no derivative contracts that are subject to master netting arrangements that are reflected gross on the balance sheet. As of June 30, 2018 Fair Value Hierarchy Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet Level 1 Level 2 Level 3 Assets: Money market funds $ 18,520 $ — $ — $ 18,520 N/A $ 18,520 Commodity contracts 65,389 5,999 — 71,388 (71,388 ) — Liabilities: Commodity contracts 75,477 37,397 — 112,874 (71,388 ) 41,486 Catalyst lease obligations — 45,430 — 45,430 — 45,430 Derivatives included with inventory intermediation agreement obligations — 10,259 — 10,259 — 10,259 As of December 31, 2017 Fair Value Hierarchy Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet Level 1 Level 2 Level 3 Assets: Money market funds $ 4,730 $ — $ — $ 4,730 N/A $ 4,730 Commodity contracts 10,031 357 — 10,388 (10,388 ) — Liabilities: Commodity contracts 51,673 33,035 — 84,708 (10,388 ) 74,320 Catalyst lease obligations — 59,048 — 59,048 — 59,048 Derivatives included with inventory intermediation agreement obligations — 7,721 — 7,721 — 7,721 The valuation methods used to measure financial instruments at fair value are as follows: • Money market funds categorized in Level 1 of the fair value hierarchy are measured at fair value based on quoted market prices and included within Cash and cash equivalents. • The commodity contracts categorized in Level 1 of the fair value hierarchy are measured at fair value based on quoted prices in an active market. The commodity contracts categorized in Level 2 of the fair value hierarchy are measured at fair value using a market approach based upon future commodity prices for similar instruments quoted in active markets. • The commodity contracts categorized in Level 3 of the fair value hierarchy consist of commodity price swap contracts that relate to forecasted purchases of crude oil for which quoted forward market prices are not readily available due to market illiquidity. The forward prices used to value these swaps were derived using broker quotes, prices from other third party sources and other available market based data. • The derivatives included with inventory intermediation agreement obligations and the catalyst lease obligations are categorized in Level 2 of the fair value hierarchy and are measured at fair value using a market approach based upon commodity prices for similar instruments quoted in active markets. Non-qualified pension plan assets are measured at fair value using a market approach based on published net asset values of mutual funds as a practical expedient. As of June 30, 2018 and December 31, 2017 , $9,464 and $9,593 , respectively, were included within Deferred charges and other assets, net for these non-qualified pension plan assets. The table below summarizes the changes in fair value measurements of commodity contracts categorized in Level 3 of the fair value hierarchy: Three Months Ended Six Months Ended 2018 2017 2018 2017 Balance at beginning of period $ — $ — $ — $ (84 ) Purchases — — — — Settlements — — — 45 Unrealized gain included in earnings — — — 39 Transfers into Level 3 — — — — Transfers out of Level 3 — — — — Balance at end of period $ — $ — $ — $ — There were no transfers between levels during the three and six months ended June 30, 2018 or 2017 . Fair value of debt The table below summarizes the fair value and carrying value of debt as of June 30, 2018 and December 31, 2017 . June 30, 2018 December 31, 2017 Carrying value Fair value Carrying value Fair value 2025 Senior Notes (a) $ 725,000 $ 763,255 $ 725,000 $ 763,945 2023 Senior Notes (a) 500,000 521,660 500,000 522,101 PBFX 2023 Senior Notes (a) 528,101 532,956 528,374 544,118 PBF Rail Term Loan (b) 24,982 24,982 28,366 28,366 Catalyst leases (c) 45,430 45,430 59,048 59,048 PBFX Revolving Credit Facility (b) 84,000 84,000 29,700 29,700 Revolving Credit Agreement (b) 350,000 350,000 350,000 350,000 2,257,513 2,322,283 2,220,488 2,297,278 Less - Current debt (c) (1,298 ) (1,298 ) (10,987 ) (10,987 ) Less - Unamortized deferred financing costs (42,173 ) n/a (34,459 ) n/a Long-term debt $ 2,214,042 $ 2,320,985 $ 2,175,042 $ 2,286,291 (a) The estimated fair value, categorized as a Level 2 measurement, was calculated based on the present value of future expected payments utilizing implied current market interest rates based on quoted prices of the 7.00% senior notes due 2023 and the 7.25% senior notes due 2025 (collectively, the “Senior Notes”), and the PBFX 6.875% senior notes due 2023 (the “PBFX 2023 Senior Notes”). (b) The estimated fair value approximates carrying value, categorized as a Level 2 measurement, as these borrowings bear interest based upon short-term floating market interest rates. As disclosed in Note 7, “Debt” and Note 17, “Subsequent Events”, on July 30, 2018, PBFX entered into the PBFX A&R Revolving Credit Facility, that among other things, extended the maturity date from May 2019 to July 2023. As such, the outstanding balance on the PBFX Revolving Credit Facility as of June 30, 2018 is classified as long-term debt on the condensed consolidated balance sheet. (c) Catalyst leases are valued using a market approach based upon commodity prices for similar instruments quoted in active markets and are categorized as a Level 2 measurement. The Company has elected the fair value option for accounting for its catalyst lease repurchase obligations as the Company’s liability is directly impacted by the change in fair value of the underlying catalyst. During 2017, Delaware City Refining entered into two platinum bridge leases which were settled as of June 30, 2018 and the Company entered into a new platinum bridge lease, which will expire in the first quarter of 2019. The total outstanding balance related to these bridge leases as of June 30, 2018 and December 31, 2017 was $1,298 and $10,987 , respectively, and is included in Current debt on the Company’s Condensed Consolidated balance sheet.

DERIVATIVES

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

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company’s operations are organized into two reportable segments, Refining and Logistics. Operations that are not included in the Refining and Logistics segments are included in Corporate. Intersegment transactions are eliminated in the consolidated financial statements and are included in Eliminations. Refining The Company’s Refining segment includes the operations of its five refineries, including certain related logistics assets that are not owned by PBFX. The Company’s refineries are located in Toledo, Ohio, Delaware City, Delaware, Paulsboro, New Jersey, New Orleans, Louisiana and Torrance, California. The refineries produce unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company purchases crude oil, other feedstocks and blending components from various third-party suppliers. The Company sells products throughout the Northeast, Midwest, Gulf Coast and West Coast of the United States, as well as in other regions of the United States and Canada, and is able to ship products to other international destinations. Logistics The Company’s Logistics segment is comprised of PBFX, a publicly traded master limited partnership, formed to own or lease, operate, develop and acquire crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. PBFX’s assets primarily consist of rail and truck terminals and unloading racks, tank farms and pipelines that were acquired from or contributed by PBF LLC and are located at, or nearby, the Company’s refineries. PBFX provides various rail, truck and marine terminaling services, pipeline transportation services and storage services to PBF Holding and/or its subsidiaries and third party customers through fee-based commercial agreements. PBFX currently does not generate significant third party revenue and intersegment related-party revenues are eliminated in consolidation. From a PBF Energy and PBF LLC perspective, the Company’s chief operating decision maker evaluates the Logistics segment as a whole without regard to any of PBFX’s individual operating segments. The Company evaluates the performance of its segments based primarily on income from operations. Income from operations includes those revenues and expenses that are directly attributable to management of the respective segment. The Logistics segment’s revenues include intersegment transactions with the Company’s Refining segment at prices the Company believes are substantially equivalent to the prices that could have been negotiated with unaffiliated parties with respect to similar services. Activities of the Company’s business that are not included in the two operating segments are included in Corporate. Such activities consist primarily of corporate staff operations and other items that are not specific to the normal operations of the two operating segments. The Company does not allocate non-operating income and expense items, including income taxes, to the individual segments. The Refinery segment’s operating subsidiaries and PBFX are primarily pass-through entities with respect to income taxes. Total assets of each segment consist of property, plant and equipment, inventories, cash and cash equivalents, accounts receivables and other assets directly associated with the segment’s operations. Corporate assets consist primarily of deferred tax assets, property, plant and equipment and other assets not directly related to the Company’s refinery and logistic operations. Disclosures regarding the Company’s reportable segments with reconciliations to consolidated totals for the three and six months ended June 30, 2018 and June 30, 2017 are presented below. In connection with the adoption of ASU 2017-07, the accompanying segment information has been retrospectively adjusted, for all periods presented, to reflect the reclassification of certain net periodic benefit costs from Operating expenses and General and administrative expenses to Other income (expense). PBF Energy Three Months Ended June 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 7,440,470 $ 67,398 $ — $ (63,785 ) $ 7,444,083 Depreciation and amortization expense 82,829 6,919 2,563 — 92,311 Income (loss) from operations (1) 446,506 34,880 (54,760 ) (4,363 ) 422,263 Interest expense, net 2,596 10,425 30,427 — 43,448 Capital expenditures (2) 210,930 59,568 1,463 — 271,961 Three Months Ended June 30, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 5,013,251 $ 62,329 $ — $ (58,355 ) $ 5,017,225 Depreciation and amortization expense 56,973 5,710 6,020 — 68,703 Income (loss) from operations (1) (101,264 ) 35,017 (40,981 ) (3,820 ) (111,048 ) Interest expense, net 1,335 7,886 31,477 — 40,698 Capital expenditures (2) 242,655 36,918 148 — 279,721 Six Months Ended June 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 13,240,071 $ 131,437 $ — $ (124,649 ) $ 13,246,859 Depreciation and amortization expense 159,607 13,414 5,277 — 178,298 Income (loss) from operations (1) 572,219 70,085 (115,996 ) (8,385 ) 517,923 Interest expense, net 4,431 20,373 61,842 — 86,646 Capital expenditures (2) 299,227 63,521 2,493 — 365,241 Six Months Ended June 30, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 9,763,449 $ 122,806 $ — $ (114,557 ) $ 9,771,698 Depreciation and amortization expense 110,791 11,062 7,782 — 129,635 Income (loss) from operations (1) (90,771 ) 71,058 (83,121 ) (7,419 ) (110,253 ) Interest expense, net 2,253 15,870 59,758 — 77,881 Capital expenditures (2) 409,871 56,385 2,409 — 468,665 Balance at June 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 7,744,601 $ 777,756 $ 55,831 $ (31,473 ) $ 8,546,715 Balance at December 31, 2017 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 7,298,049 $ 737,550 $ 123,211 $ (40,817 ) $ 8,117,993 PBF LLC Three Months Ended June 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 7,440,470 $ 67,398 $ — $ (63,785 ) $ 7,444,083 Depreciation and amortization expense 82,829 6,919 2,563 — 92,311 Income (loss) from operations (1) 446,506 34,880 (54,319 ) (4,363 ) 422,704 Interest expense, net 2,596 10,425 32,461 — 45,482 Capital expenditures (2) 210,930 59,568 1,463 — 271,961 Three Months Ended June 30, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 5,013,251 $ 62,329 $ — $ (58,355 ) $ 5,017,225 Depreciation and amortization expense 56,973 5,710 6,020 — 68,703 Income (loss) from operations (1) (101,264 ) 35,017 (40,909 ) (3,820 ) (110,976 ) Interest expense, net 1,335 7,886 33,235 — 42,456 Capital expenditures (2) 242,655 36,918 148 — 279,721 Six Months Ended June 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 13,240,071 $ 131,437 $ — $ (124,649 ) $ 13,246,859 Depreciation and amortization expense 159,607 13,414 5,277 — 178,298 Income (loss) from operations (1) 572,219 70,085 (115,303 ) (8,385 ) 518,616 Interest expense, net 4,431 20,373 65,839 — 90,643 Capital expenditures (2) 299,227 63,521 2,493 — 365,241 Six Months Ended June 30, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 9,763,449 $ 122,806 $ — $ (114,557 ) $ 9,771,698 Depreciation and amortization expense 110,791 11,062 7,782 — 129,635 Income (loss) from operations (1) (90,771 ) 71,058 (83,013 ) (7,419 ) (110,145 ) Interest expense, net 2,253 15,870 63,894 — 82,017 Capital expenditures (2) 409,871 56,385 2,409 — 468,665 Balance at June 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 7,744,601 $ 777,756 $ 46,250 $ (31,473 ) $ 8,537,134 Balance at December 31, 2017 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 7,298,049 $ 737,550 $ 44,203 $ (40,817 ) $ 8,038,985 (1) The Logistics segment includes 100% of the income from operations of TVPC as TVPC is consolidated by PBFX. PBFX records net income attributable to noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records equity income in investee related to its 50% noncontrolling ownership interest in TVPC. For purposes of the Company’s condensed consolidated financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation. (2) The Logistics segment includes capital expenditures of $58,000 for the acquisition of the Knoxville Terminals by PBFX on April 16, 2018 and $10,097 for the acquisition of the Toledo Terminal by PBFX on April 17, 2017. (3) The Logistics segment includes 100% of the assets of TVPC as TVPC is consolidated by PBFX. PBFX records a noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records an equity investment in TVPC reflecting its noncontrolling ownership interest. For purposes of the Company’s condensed consolidated PBF Energy financial statements, PBFX’s noncontrolling interest in TVPC and PBF Holding’s equity investment in TVPC eliminate in consolidation.

NET INCOME PER SHARE OF PBF ENE

NET INCOME PER SHARE OF PBF ENERGY	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
NET INCOME PER SHARE OF PBF ENERGY	NET INCOME PER SHARE OF PBF ENERGY The Company grants certain equity-based compensation awards to employees and non-employee directors that are considered to be participating securities. Due to the presence of participating securities, the Company has calculated net income per share of Class A common stock using the two-class method. The following table sets forth the computation of basic and diluted net income per share of Class A common stock attributable to PBF Energy: Three Months Ended Six Months Ended Basic Earnings Per Share: 2018 2017 2018 2017 Allocation of earnings: Net income (loss) attributable to PBF Energy Inc. stockholders $ 272,153 $ (109,663 ) $ 302,519 $ (140,740 ) Less: Income allocated to participating securities 197 269 398 539 Income (loss) available to PBF Energy Inc. stockholders - basic $ 271,956 $ (109,932 ) $ 302,121 $ (141,279 ) Denominator for basic net income per Class A common share - weighted average shares 112,875,813 108,779,992 111,853,774 108,770,237 Basic net income (loss) attributable to PBF Energy per Class A common share $ 2.41 $ (1.01 ) $ 2.70 $ (1.30 ) Diluted Earnings Per Share: Numerator: Income (loss) available to PBF Energy Inc. stockholders - basic $ 271,956 $ (109,932 ) $ 302,121 $ (141,279 ) Plus: Net income attributable to noncontrolling interest (1) 6,108 — 7,396 — Less: Income tax expense on net income attributable to noncontrolling interest (1) (1,613 ) — (1,953 ) — Numerator for diluted net income (loss) per Class A common share - net income (loss) attributable to PBF Energy Inc. stockholders (1) $ 276,451 $ (109,932 ) $ 307,564 $ (141,279 ) Denominator: (1) Denominator for basic net income (loss) per Class A common share-weighted average shares 112,875,813 108,779,992 111,853,774 108,770,237 Effect of dilutive securities: Conversion of PBF LLC Series A Units 1,838,196 — 2,681,980 — Common stock equivalents (2) 1,695,264 — 1,214,173 — Denominator for diluted net income (loss) per Class A common share-adjusted weighted average shares 116,409,273 108,779,992 115,749,927 108,770,237 Diluted net income (loss) attributable to PBF Energy Inc. stockholders per Class A common share $ 2.37 $ (1.01 ) $ 2.66 $ (1.30 ) __________ (1) The diluted earnings per share calculation generally assumes the conversion of all outstanding PBF LLC Series A Units to Class A common stock of PBF Energy. For the three and six months ended June 30, 2018 , respectively, the net income attributable to PBF Energy, used in the numerator of the diluted earnings per share calculation is adjusted to reflect the net income, as well as the corresponding income tax expense (based on a 26.4% estimated annualized statutory corporate tax rate) attributable to the converted units. The potential conversion of 3,828,871 and 3,835,999 PBF LLC Series A Units for the three and six months ended June 30, 2017 , respectively, were excluded from the denominator in computing diluted net income per share because including them would have had an antidilutive effect. As the PBF LLC Series A Units were not included, the numerator used in the calculation of diluted net income per share was equal to the numerator used in the calculation of basic net income per share and does not include the net income and related income tax expense associated with the potential conversion of the PBF LLC Series A Units. (2) Represents an adjustment to weighted-average diluted shares outstanding to assume the full exchange of common stock equivalents, including options and warrants for PBF LLC Series A Units and options for shares of PBF Energy Class A common stock as calculated under the treasury stock method (to the extent the impact of such exchange would not be anti-dilutive). Common stock equivalents exclude the effects of options and warrants to purchase 12,500 and 233,250 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the three and six months ended June 30, 2018 , respectively. Common stock equivalents exclude the effects of options and warrants to purchase 7,278,142 and 7,278,142 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the three and six months ended June 30, 2017 , respectively.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Dividend Declared On August 2, 2018 , PBF Energy announced a dividend of $0.30 per share on outstanding Class A common stock. The dividend is payable on August 30, 2018 to Class A common stockholders of record at the close of business on August 15, 2018 . PBFX Distributions On August 2, 2018 , the Board of Directors of PBF GP announced a distribution of $0.495 per unit on outstanding common units of PBFX. The distribution is payable on August 30, 2018 to PBFX unitholders of record at the close of business on August 15, 2018 . East Coast Storage Assets Acquisition On July 16, 2018, PBFX entered into an agreement with Crown Point International, LLC, formerly known as Axeon Specialty Products LLC, to purchase its wholly-owned subsidiary, CPI Operations LLC (the “East Coast Storage Assets Acquisition”) for total consideration of $107,000 , which is comprised of an initial payment at closing of $75,000 with the balance being payable one year after closing. The East Coast Storage Assets Acquisition is expected to close in the fourth quarter of 2018, subject to customary regulatory and other approvals. Registered Direct Offering On July 16, 2018, the PBFX entered into a common unit purchase agreement with certain funds managed by Tortoise Capital Advisors, L.L.C. providing for the issuance and sale in a registered direct offering of an aggregate of 1,775,750 common units for gross proceeds of approximately $35,000 , which closed on July 30, 2018. PBFX A&R Revolving Credit Facility On July 30, 2018, PBFX amended and restated the PBFX Revolving Credit Facility dated May 14, 2014. Among other things, the PBFX A&R Revolving Credit Facility increases the maximum commitment available to PBFX from $360,000 to $500,000 and extends the maturity date to July 2023. The commitment fees on the unused portion, the interest rate on advances and the fees for letters of credit are consistent with the PBFX Revolving Credit Facility. The PBFX A&R Revolving Credit Facility contains representations, warranties and covenants by PBFX, as well as customary events of default and indemnification obligations that are consistent with, or more favorable to PBFX, than those in the PBFX Revolving Credit Facility.

DEBT (Notes)

DEBT (Notes)	6 Months Ended
	Jun. 30, 2018
Debt Instrument [Line Items]
Debt Disclosure [Text Block]	7. DEBT 2018 Revolving Credit Agreement On May 2, 2018, PBF Holding and certain of our wholly-owned subsidiaries, as borrowers or subsidiary guarantors, replaced its existing asset-based revolving credit agreement dated as of August 15, 2014 (the “August 2014 Revolving Credit Agreement”) with a new asset-based revolving credit agreement (the “2018 Revolving Credit Agreement"). The 2018 Revolving Credit Agreement has a maximum commitment of $3,400,000 , a maturity date of May 2023 and redefines certain components of the Borrowing Base (as defined in the credit agreement) to make more funding available for working capital and other general corporate purposes. Borrowings under the 2018 Revolving Credit Agreement bear interest at the Alternative Base Rate plus the Applicable Margin or at the Adjusted LIBOR Rate plus the Applicable Margin (all as defined in the credit agreement). The Applicable Margin ranges from 0.25% to 1.00% for Alternative Base Rate Loans and from 1.25% to 2.00% for Adjusted LIBOR Rate Loans, in each case depending on our corporate credit rating. In addition, an accordion feature allows for commitments of up to $3,500,000 . The LC Participation Fee ranges from 1.00% to 1.75% depending on the Company’s corporate credit rating and the Fronting Fee is capped at 0.25% . The 2018 Revolving Credit Agreement contains representations, warranties and covenants by PBF Holding and the other borrowers, as well as customary events of default and indemnification obligations. At June 30, 2018 and December 31, 2017, there was $350,000 and $350,000 , respectively, outstanding under the revolving credit agreements. PBFX Revolving Credit Facility On July 30, 2018, PBFX entered into an amended and restated revolving credit facility (the “PBFX A&R Revolving Credit Facility”), that among other things extends the maturity date from May 2019 to July 2023. Refer to Note 17 “Subsequent Events” of the Notes to Condensed Consolidated Financial Statements for further details.

DESCRIPTION OF THE BUSINESS A25

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated financial information furnished herein reflects all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, considered necessary for a fair presentation of the financial position and the results of operations and cash flows of the Company for the periods presented. All intercompany accounts and transactions have been eliminated in consolidation. These unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. These interim condensed consolidated financial statements should be read in conjunction with the PBF Energy financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2017 and the PBF LLC financial statements for the year ended December 31, 2017 included in the Registration Statement on Form S-4 filed on March 13, 2018 by PBF Logistics LP. The results of operations for the three and six months ended June 30, 2018 are not necessarily indicative of the results to be expected for the full year. Change in Presentation In 2017, the Company determined that it would revise the presentation of certain line items on its consolidated statements of operations to enhance its disclosure under the requirements of Rule 5-03 of Regulation S-X. The revised presentation is comprised of the inclusion of a subtotal within costs and expenses referred to as “Cost of sales” and the reclassification of total depreciation and amortization expense between such amounts attributable to cost of sales and other operating costs and expenses. The amount of depreciation and amortization expense that is presented separately within the “Cost of Sales” subtotal represents depreciation and amortization of refining and logistics assets that are integral to the refinery production process. The historical comparative information has been revised to conform to the current presentation. This revised presentation does not have an effect on the Company’s historical consolidated income from operations or net income, nor does it have any impact on its consolidated balance sheets, statements of comprehensive income or statements of cash flows.
Recent Accounting Pronouncements	Recently Adopted Accounting Guidance In May 2014, the Financial Accounting Standard Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 (Topic 606) “Revenue from Contracts with Customers.” (“ASC 606”). ASC 606 supersedes the revenue recognition requirements in Accounting Standards Codification 605 “Revenue Recognition” (“ASC 605”), and requires entities to recognize revenue when control of the promised goods or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. The Company adopted ASC 606 as of January 1, 2018 using the modified retrospective transition method. See “Note 2 - Revenues” for further details. In March 2017, the FASB issued ASU No. 2017-07, “Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” (“ASU 2017-07”), which provides guidance to improve the reporting of net periodic benefit cost in the income statement and on the components eligible for capitalization in assets. Under the new guidance, employers will present the service cost component of net periodic benefit cost in the same income statement line item(s) as other employee compensation costs arising from services rendered during the period. Only the service cost component will be eligible for capitalization in assets. Additionally, under this guidance, employers will present the other non-service components of the net periodic benefit cost separately from the line item(s) that includes the service cost and outside of any subtotal of operating income, if one is presented. Employers will apply the guidance on the presentation of the components of net periodic benefit cost in the income statement retrospectively. The guidance limiting the capitalization of net periodic benefit cost in assets to the service cost component will be applied prospectively. The guidance includes a practical expedient allowing entities to estimate amounts for comparative periods using the information previously disclosed in their pension and other postretirement benefit plan note to the financial statements. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The Company adopted ASU 2017-07 effective January 1, 2018 and applied the new guidance retrospectively in the Condensed Consolidated Statement of Operations. For the three and six months ended June 30, 2018 , the Company recorded income of $277 and $555 , respectively. For the three and six months ended June 30, 2017 , the Company recorded expense of $101 and $202 , respectively. These income and expenses have been recorded within Other income (expense) for the non-service cost components of net periodic benefit cost that were historically recorded within Operating expenses and General and administrative expenses. In May 2017, the FASB issued ASU No. 2017-09, “Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting” (“ASU 2017-09”), which provides guidance to increase clarity and reduce both diversity in practice and cost and complexity when applying the existing accounting guidance on changes to the terms or conditions of a share-based payment award. The amendments in ASU 2017-09 require an entity to account for the effects of a modification unless all the following are met: (i) the fair value of the modified award is the same as the fair value of the original award immediately before the original award is modified; (ii) the vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified; and (iii) the classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified. The guidance in ASU 2017-09 should be applied prospectively. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The Company’s adoption of this guidance did not materially impact its condensed consolidated financial statements. Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), to increase the transparency and comparability about leases among entities. Additional ASUs have been issued subsequent to ASU 2016-02 to provide additional clarification and implementation guidance for leases related to ASU 2016-02 related to, among other things, the application of certain practical expedients, the rate implicit in the lease, lessee reassessment of lease classification, lessor reassessment of lease term and purchase options, variable payments that depend on an index or rate and certain transition adjustments (collectively, the Company refers to ASU 2016-02 and these additional ASUs as the “Updated Lease Guidance”). The Updated Lease Guidance requires lessees to recognize a lease liability and a corresponding lease asset for virtually all lease contracts. It also requires additional disclosures about leasing arrangements. The Updated Lease Guidance is effective for interim and annual periods beginning after December 15, 2018, and requires a modified retrospective approach to adoption. While early adoption is permitted, the Company will not early adopt the Updated Lease Guidance. The Company has established a working group to study and lead the implementation of the Updated Lease Guidance and has instituted a task plan designed to meet the requirements and implementation deadline. The Company has also evaluated and purchased a lease software system, completed software design and configuration of the system, and begun testing the implementation of the selected system. The working group continues to evaluate the impact of the Updated Lease Guidance on the Company’s consolidated financial statements and related disclosures and the impact on its business processes and controls. While the assessment of this standard is ongoing, the Company has identified that the most significant impacts of the Updated Lease Guidance will be to bring nearly all leases on its balance sheet with “right of use assets” and “lease obligation liabilities” as well as accelerating recognition of the interest expense component of financing leases. The new standard will also require additional disclosures for financing and operating leases. In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities” (“ASU 2017-12”). The amendments in ASU 2017-12 more closely align the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. The amendments in ASU 2017-12 address specific limitations in current GAAP by expanding hedge accounting for both nonfinancial and financial risk components and by refining the measurement of hedge results to better reflect an entity’s hedging strategies. Thus, the amendments in ASU 2017-12 will enable an entity to better portray the economic results of hedging activities for certain fair value and cash flow hedges and will avoid mismatches in earnings by allowing for greater precision when measuring changes in fair value of the hedged item for certain fair value hedges. Additionally, by aligning the timing of recognition of hedge results with the earnings effect of the hedged item for cash flow and net investment hedges, and by including the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is presented, the results of an entity’s hedging program and the cost of executing that program will be more visible to users of financial statements. The guidance in ASU 2017-12 concerning amendments to cash flow and net investment hedge relationships that exist on the date of adoption should be applied using a modified retrospective approach (i.e., with a cumulative effect adjustment recorded to the opening balance of retained earnings as of the initial application date). The guidance in ASU 2017-12 also provides transition relief to make it easier for entities to apply certain amendments to existing hedges (including fair value hedges) where the hedge documentation needs to be modified. The presentation and disclosure requirements of ASU 2017-12 should be applied prospectively. The amendments in this ASU are effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods. The Company is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures. In June 2018, the FASB issued ASU No. 2018-07, “Compensation - Stock Compensation (Topic 718): Targeted Improvements to Non-employee Share-Based Payment Accounting” (“ASU 2018-07”). ASU 2018-07 expands the scope of Topic 718, Compensation-Stock Compensation, to include share-based payment transactions for acquiring goods and services from nonemployees. Under ASU 2018-07, the existing employee guidance for share-based payments will apply to nonemployee share-based transactions (as long as the transaction is not effectively a form of financing), with the exception of specific guidance related to the attribution of compensation cost. The cost of nonemployee awards will continue to be recorded as if the grantor had paid cash for the goods or services. In addition, the contractual term will be able to be used in lieu of an expected term in the option-pricing model for nonemployee awards. ASU 2018-07 also specifies the following: (i) that equity-classified share-based payment awards issued to nonemployees will now be measured on the grant date, instead of the previous requirement to re-measure the awards through the performance completion date; (ii) for performance conditions, compensation cost associated with the award will be recognized when achievement of the performance condition is probable, rather than upon achievement of the performance condition; (iii) the current requirement to reassess the classification (equity or liability) for nonemployee awards upon vesting will be eliminated, except for awards in the form of convertible instruments. Finally, ASU 2018-07 also clarifies that any share-based payment awards issued to customers should be evaluated under ASC 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods. Early adoption is permitted. Upon adoption, an entity should only re-measure liability-classified awards that have not been settled by the date of adoption and equity-classified awards for which a measurement date has not been established through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. Upon transition, the entity is required to measure these nonemployee awards at fair value as of the adoption date. The entity must not re-measure assets that are completed. Disclosures required at transition include the nature of and reason for the change in accounting principle and, if applicable, quantitative information about the cumulative effect of the change on retained earnings or other components of equity. The Company is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures.

DESCRIPTION OF THE BUSINESS A26

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION Change in classification (Tables)	6 Months Ended
	Jun. 30, 2018
Change in classification [Abstract]
Schedule of Change in Presentation	Presented below is a summary of the effects of this revised presentation on PBF Energy’s historical statements of operations for the three and six months ended June 30, 2017 : PBF Energy Three Months Ended June 30, 2017 As Previously Reported Adjustments As Reclassified Cost and expenses: Cost of products and other $ 4,605,693 — $ 4,605,693 Operating expenses (excluding depreciation and amortization expense as reflected below) (1) 412,790 — 412,790 Depreciation and amortization expense — 62,683 62,683 Cost of sales 5,081,166 General and administrative expenses (excluding depreciation and amortization expense as reflected below) (1) 41,058 — 41,058 Depreciation and amortization expense 68,703 (62,683) 6,020 Loss on sale of assets 29 — 29 Total cost and expenses $ 5,128,273 $ 5,128,273 Six Months Ended June 30, 2017 As Previously Reported Adjustments As Reclassified Cost and expenses: Cost of products and other $ 8,802,460 — $ 8,802,460 Operating expenses (excluding depreciation and amortization expense as reflected below) (1) 864,056 — 864,056 Depreciation and amortization expense — 121,853 121,853 Cost of sales 9,788,369 General and administrative expenses (excluding depreciation and amortization expense as reflected below) (1) 84,888 — 84,888 Depreciation and amortization expense 129,635 (121,853) 7,782 Loss on sale of assets 912 — 912 Total cost and expenses $ 9,881,951 $ 9,881,951 (1) Amounts disclosed include the retrospective adjustments recorded as part of the adoption of ASU 2017-07, as defined below under “Recently Adopted Accounting Guidance”.

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2018
REVENUE [Abstract]
Revenue from External Customers by Products and Services [Table Text Block]	The following table provides information relating to the Company’s revenues for each product or group of similar products or services by segment for the periods presented: Three Months Ended June 30, 2018 2017 Refining Segment: Gasoline and distillates $ 6,341,757 $ 4,154,375 Feedstocks and other 404,197 310,951 Asphalt and blackoils 397,203 287,731 Chemicals 202,552 179,076 Lubricants 94,761 81,118 Total 7,440,470 5,013,251 Logistics Segment: Logistics 67,398 62,329 Total revenue prior to eliminations 7,507,868 5,075,580 Eliminations of intercompany revenue (63,785 ) (58,355 ) Total Revenues $ 7,444,083 $ 5,017,225 Six Months Ended June 30, 2018 2017 Refining Segment: Gasoline and distillates $ 11,336,077 $ 8,243,186 Asphalt and blackoils 706,064 472,859 Feedstocks and other 642,906 535,361 Chemicals 378,660 363,499 Lubricants 176,364 148,544 Total 13,240,071 9,763,449 Logistics Segment: Logistics 131,437 122,806 Total revenue prior to eliminations 13,371,508 9,886,255 Eliminations of intercompany revenue (124,649 ) (114,557 ) Total Revenues $ 13,246,859 $ 9,771,698

EQUITY (Tables)

EQUITY (Tables)	6 Months Ended
	Jun. 30, 2018
Noncontrolling Interest [Line Items]
EQUITY	The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF Energy for the six months ended June 30, 2018 and 2017 , respectively: PBF Energy Inc. Equity Noncontrolling Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2018 $ 2,336,654 $ 110,203 $ 10,808 $ 445,284 $ 2,902,949 Comprehensive income 302,790 7,399 8 19,575 329,772 Dividends and distributions (67,347 ) (1,362 ) — (23,562 ) (92,271 ) Effects of exchanges of PBF LLC Series A Units on deferred tax assets and liabilities and Tax Receivable Agreement obligation (2,380 ) — — — (2,380 ) Equity-based compensation awards 9,520 — — 3,497 13,017 Exercise of PBF LLC and PBF Energy options and warrants, net 11,671 (346 ) — — 11,325 Other 10,921 — — (1,049 ) 9,872 Balance at June 30, 2018 $ 2,601,829 $ 115,894 $ 10,816 $ 443,745 $ 3,172,284 PBF Energy Inc. Equity Noncontrolling Noncontrolling Noncontrolling Total Equity Balance at January 1, 2017 $ 2,025,044 $ 98,671 $ 12,513 $ 434,456 $ 2,570,684 Comprehensive income (loss) (140,118 ) (8,439 ) 380 24,640 (123,537 ) Dividends and distributions (65,807 ) (2,300 ) — (21,787 ) (89,894 ) Equity-based compensation awards 10,134 — — 3,708 13,842 Other (2,098 ) — — (4 ) (2,102 ) Balance at June 30, 2017 $ 1,827,155 $ 87,932 $ 12,893 $ 441,013 $ 2,368,993 Noncontrolling Interest in PBF LLC PBF Energy is the sole managing member of, and has a controlling interest in, PBF LLC. As the sole managing member of PBF LLC, PBF Energy operates and controls all of the business and affairs of PBF LLC and its subsidiaries. As of June 30, 2018 and December 31, 2017 , PBF Energy’s equity interest in PBF LLC represented approximately 99.0% and 96.7% , respectively, of the outstanding interests. PBF Energy consolidates the financial results of PBF LLC and its subsidiaries, and records a noncontrolling interest for the economic interest in PBF Energy held by the members of PBF LLC other than PBF Energy. Noncontrolling interest on the condensed consolidated statements of operations includes the portion of net income or loss attributable to the economic interest in PBF Energy held by the members of PBF LLC other than PBF Energy. Noncontrolling interest on the condensed consolidated balance sheets represents the portion of net assets of PBF Energy attributable to the members of PBF LLC other than PBF Energy. The noncontrolling interest ownership percentages in PBF LLC as of June 30, 2018 and December 31, 2017 are calculated as follows: Holders of PBF LLC Series A Units Outstanding Shares of PBF Energy Class A Common Stock Total * December 31, 2017 3,767,464 110,565,531 114,332,995 3.3 % 96.7 % 100.0 % June 30, 2018 1,206,325 113,829,728 115,036,053 1.0 % 99.0 % 100.0 % —————————— * Assumes all of the holders of PBF LLC Series A Units exchange their PBF LLC Series A Units for shares of PBF Energy’s Class A common stock on a one -for-one basis. Noncontrolling Interest in PBFX PBF LLC holds a 43.9% limited partner interest in PBFX and owns all of PBFX’s IDRs, with the remaining 56.1% limited partner interest owned by public common unit holders as of June 30, 2018 . PBF LLC is also the sole member of PBF GP, the general partner of PBFX. PBF Energy, through its ownership of PBF LLC, consolidates the financial results of PBFX, and records a noncontrolling interest for the economic interest in PBFX held by the public common unit holders. Noncontrolling interest on the condensed consolidated statements of operations includes the portion of net income or loss attributable to the economic interest in PBFX held by the public common unit holders of PBFX other than PBF Energy (through its ownership in PBF LLC). Noncontrolling interest on the condensed consolidated balance sheets includes the portion of net assets of PBFX attributable to the public common unit holders of PBFX. The noncontrolling interest ownership percentages in PBFX as of June 30, 2018 and December 31, 2017 , are calculated as follows: Units of PBFX Held by the Public Units of PBFX Held by PBF LLC Total December 31, 2017 23,441,211 18,459,497 41,900,708 55.9 % 44.1 % 100.0 % June 30, 2018 23,613,565 18,459,497 42,073,062 56.1 % 43.9 % 100.0 % Noncontrolling Interest in PBF Holding In connection with the Chalmette Acquisition, PBF Holding recorded noncontrolling interests in two subsidiaries of Chalmette Refining. PBF Holding, through Chalmette Refining, owns an 80% ownership interest in both Collins Pipeline Company and T&M Terminal Company. For the three months ended June 30, 2018 and 2017 the Company recorded a noncontrolling interest in the earnings of these subsidiaries of $76 and $267 , respectively. For the six months ended June 30, 2018 and 2017 the Company recorded a noncontrolling interest in the earnings of these subsidiaries of $8 and $380 , respectively. Changes in Equity and Noncontrolling Interests The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF Energy for the six months ended June 30, 2018 and 2017 , respectively: PBF Energy Inc. Equity Noncontrolling Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2018 $ 2,336,654 $ 110,203 $ 10,808 $ 445,284 $ 2,902,949 Comprehensive income 302,790 7,399 8 19,575 329,772 Dividends and distributions (67,347 ) (1,362 ) — (23,562 ) (92,271 ) Effects of exchanges of PBF LLC Series A Units on deferred tax assets and liabilities and Tax Receivable Agreement obligation (2,380 ) — — — (2,380 ) Equity-based compensation awards 9,520 — — 3,497 13,017 Exercise of PBF LLC and PBF Energy options and warrants, net 11,671 (346 ) — — 11,325 Other 10,921 — — (1,049 ) 9,872 Balance at June 30, 2018 $ 2,601,829 $ 115,894 $ 10,816 $ 443,745 $ 3,172,284 PBF Energy Inc. Equity Noncontrolling Noncontrolling Noncontrolling Total Equity Balance at January 1, 2017 $ 2,025,044 $ 98,671 $ 12,513 $ 434,456 $ 2,570,684 Comprehensive income (loss) (140,118 ) (8,439 ) 380 24,640 (123,537 ) Dividends and distributions (65,807 ) (2,300 ) — (21,787 ) (89,894 ) Equity-based compensation awards 10,134 — — 3,708 13,842 Other (2,098 ) — — (4 ) (2,102 ) Balance at June 30, 2017 $ 1,827,155 $ 87,932 $ 12,893 $ 441,013 $ 2,368,993 The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF LLC for the six months ended June 30, 2018 and 2017 , respectively: PBF Energy Company LLC Equity Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2018 $ 2,422,411 $ 10,808 $ 445,284 $ 2,878,503 Comprehensive income 418,056 8 19,575 437,639 Dividends and distributions (68,709 ) — (23,562 ) (92,271 ) Equity-based compensation awards 9,520 — 3,497 13,017 Exercise of PBF LLC options and warrants, net (3,275 ) — — (3,275 ) Other 10,921 — (1,049 ) 9,872 Balance at June 30, 2018 $ 2,788,924 $ 10,816 $ 443,745 $ 3,243,485 PBF Energy Company LLC Equity Noncontrolling Noncontrolling Total Equity Balance at January 1, 2017 $ 2,040,851 $ 12,513 $ 434,456 $ 2,487,820 Comprehensive income (loss) (250,006 ) 380 24,639 (224,987 ) Dividends and distributions (68,107 ) — (21,787 ) (89,894 ) Equity-based compensation awards 10,134 — 3,708 13,842 Other (2,102 ) — (3 ) (2,105 ) Balance at June 30, 2017 $ 1,730,770 $ 12,893 $ 441,013 $ 2,184,676 Share Activity The following table presents the changes in PBF Energy Class A common stock and treasury stock outstanding: Six Months Ended June 30, 2018 Year Ended December 31, 2017 Class A Common Stock Treasury Stock Class A Common Stock Treasury Stock Balance at beginning of period 110,565,531 6,132,884 109,204,047 6,087,963 Treasury stock purchases (1) (39,014 ) 39,014 — 44,921 Stock based compensation 12,244 — 702,404 — Exercise of options and warrants 602,916 — 462,500 — Exchange of PBF LLC Series A units for shares of Class A common stock 2,688,051 — 196,580 — Balance at end of period 113,829,728 6,171,898 110,565,531 6,132,884 _____ (1) Includes shares repurchased from participants in connection with the vesting of equity awards granted under the Company’s stock compensation plans to cover employee income tax liabilities. The following table presents the changes in PBF LLC Series C Units and Series A Units outstanding: Six Months Ended June 30, 2018 Year Ended December 31, 2017 Series A Units Series C Units Series A Units Series C Units Balance at beginning of period 3,767,464 110,586,762 3,920,902 109,204,047 Exercise of Series A warrants and options 126,912 602,916 64,373 462,500 Exchange of Series A units for PBF Energy Class A common stock (2,688,051 ) 2,688,051 (196,580 ) 217,811 Grant of restricted shares — 12,244 — 702,404 Surrender of units for tax withholding — (39,014 ) — — Redemption of Series A units by PBF Energy — — (21,231 ) — Balance at end of period 1,206,325 113,850,959 3,767,464 110,586,762
Schedule of Stock by Class [Table Text Block]	Share Activity The following table presents the changes in PBF Energy Class A common stock and treasury stock outstanding: Six Months Ended June 30, 2018 Year Ended December 31, 2017 Class A Common Stock Treasury Stock Class A Common Stock Treasury Stock Balance at beginning of period 110,565,531 6,132,884 109,204,047 6,087,963 Treasury stock purchases (1) (39,014 ) 39,014 — 44,921 Stock based compensation 12,244 — 702,404 — Exercise of options and warrants 602,916 — 462,500 — Exchange of PBF LLC Series A units for shares of Class A common stock 2,688,051 — 196,580 — Balance at end of period 113,829,728 6,171,898 110,565,531 6,132,884 _____ (1) Includes shares repurchased from participants in connection with the vesting of equity awards granted under the Company’s stock compensation plans to cover employee income tax liabilities.
PBF LLC [Member]
Noncontrolling Interest [Line Items]
The ownership percentage in PBF LLC	The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF LLC for the six months ended June 30, 2018 and 2017 , respectively: PBF Energy Company LLC Equity Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2018 $ 2,422,411 $ 10,808 $ 445,284 $ 2,878,503 Comprehensive income 418,056 8 19,575 437,639 Dividends and distributions (68,709 ) — (23,562 ) (92,271 ) Equity-based compensation awards 9,520 — 3,497 13,017 Exercise of PBF LLC options and warrants, net (3,275 ) — — (3,275 ) Other 10,921 — (1,049 ) 9,872 Balance at June 30, 2018 $ 2,788,924 $ 10,816 $ 443,745 $ 3,243,485 PBF Energy Company LLC Equity Noncontrolling Noncontrolling Total Equity Balance at January 1, 2017 $ 2,040,851 $ 12,513 $ 434,456 $ 2,487,820 Comprehensive income (loss) (250,006 ) 380 24,639 (224,987 ) Dividends and distributions (68,107 ) — (21,787 ) (89,894 ) Equity-based compensation awards 10,134 — 3,708 13,842 Other (2,102 ) — (3 ) (2,105 ) Balance at June 30, 2017 $ 1,730,770 $ 12,893 $ 441,013 $ 2,184,676 The noncontrolling interest ownership percentages in PBF LLC as of June 30, 2018 and December 31, 2017 are calculated as follows: Holders of PBF LLC Series A Units Outstanding Shares of PBF Energy Class A Common Stock Total * December 31, 2017 3,767,464 110,565,531 114,332,995 3.3 % 96.7 % 100.0 % June 30, 2018 1,206,325 113,829,728 115,036,053 1.0 % 99.0 % 100.0 % —————————— * Assumes all of the holders of PBF LLC Series A Units exchange their PBF LLC Series A Units for shares of PBF Energy’s Class A common stock on a one -for-one basis.
Schedule of Stock by Class [Table Text Block]	The following table presents the changes in PBF LLC Series C Units and Series A Units outstanding: Six Months Ended June 30, 2018 Year Ended December 31, 2017 Series A Units Series C Units Series A Units Series C Units Balance at beginning of period 3,767,464 110,586,762 3,920,902 109,204,047 Exercise of Series A warrants and options 126,912 602,916 64,373 462,500 Exchange of Series A units for PBF Energy Class A common stock (2,688,051 ) 2,688,051 (196,580 ) 217,811 Grant of restricted shares — 12,244 — 702,404 Surrender of units for tax withholding — (39,014 ) — — Redemption of Series A units by PBF Energy — — (21,231 ) — Balance at end of period 1,206,325 113,850,959 3,767,464 110,586,762
PBF Logistics LP [Member]
Noncontrolling Interest [Line Items]
The ownership percentage in PBF LLC	The noncontrolling interest ownership percentages in PBFX as of June 30, 2018 and December 31, 2017 , are calculated as follows: Units of PBFX Held by the Public Units of PBFX Held by PBF LLC Total December 31, 2017 23,441,211 18,459,497 41,900,708 55.9 % 44.1 % 100.0 % June 30, 2018 23,613,565 18,459,497 42,073,062 56.1 % 43.9 % 100.0 %

INVENTORIES (Tables)

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

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2018
Schedule of accrued expenses	Accrued expenses consisted of the following: PBF Energy June 30, December 31, Inventory-related accruals $ 1,138,913 $ 1,151,810 Inventory intermediation agreements 227,740 244,287 Excise and sales tax payable 176,557 118,515 Accrued transportation costs 53,464 64,400 Renewable energy credit and emissions obligations 52,390 26,231 Accrued utilities 31,647 42,189 Accrued salaries and benefits 30,347 58,589 Accrued refinery maintenance and support costs 25,578 35,674 Customer deposits 22,670 16,133 Accrued interest 15,170 14,080 Accrued capital expenditures 14,395 18,765 Environmental liabilities 7,197 8,289 Other 33,969 15,892 Total accrued expenses $ 1,830,037 $ 1,814,854
PBF LLC [Member]
Schedule of accrued expenses	PBF LLC June 30, December 31, Inventory-related accruals $ 1,138,913 $ 1,151,810 Inventory intermediation agreements 227,740 244,287 Excise and sales tax payable 176,557 118,515 Accrued transportation costs 53,464 64,400 Renewable energy credit and emissions obligations 52,390 26,231 Accrued utilities 31,647 42,189 Accrued salaries and benefits 30,347 58,589 Accrued interest 28,461 23,419 Accrued refinery maintenance and support costs 25,578 35,674 Customer deposits 22,670 16,133 Accrued capital expenditures 14,395 18,765 Environmental liabilities 7,197 8,289 Other 33,886 16,093 Total accrued expenses $ 1,843,245 $ 1,824,394

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2018
Summary of the income tax provision	The income tax expense (benefit) in the PBF Energy condensed consolidated financial statements of operations consists of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Current income tax expense $ 669 $ 901 $ 752 $ 1,374 Deferred income tax expense (benefit) 94,876 (72,944 ) 105,735 (92,464 ) Total income tax expense (benefit) $ 95,545 $ (72,043 ) $ 106,487 $ (91,090 )
Schedule of effective income tax rate reconciliation	The difference between PBF Energy’s effective income tax rate and the United States statutory rate is reconciled below: Three Months Ended Six Months Ended 2018 2017 2018 2017 Provision at Federal statutory rate 21.0 % 35.0 % 21.0 % 35.0 % Increase (decrease) attributable to flow-through of certain tax adjustments: State income taxes (net of federal income tax) 5.6 % 4.8 % 5.6 % 4.7 % Nondeductible/nontaxable items 0.1 % (0.9 )% 0.1 % (0.7 )% Rate differential from foreign jurisdictions (0.2 )% 1.0 % (0.2 )% 0.9 % Foreign tax rate change — % — % — % (0.4 )% Other (0.5 )% (0.3 )% (0.5 )% (0.2 )% Effective tax rate 26.0 % 39.6 % 26.0 % 39.3 %
PBF LLC [Member]
Summary of the income tax provision	The income tax expense (benefit) in the PBF LLC condensed consolidated financial statements of operations consists of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Current income tax (benefit) expense $ (26 ) $ 737 $ (31 ) $ 1,209 Deferred income tax (benefit) expense (3,957 ) 5,161 (4,653 ) 5,123 Total income tax (benefit) expense $ (3,983 ) $ 5,898 $ (4,684 ) $ 6,332 The Company has determined there are no material uncertain tax positions as of June 30, 2018 . The Company does not have any unrecognized tax benefits.

EMPLOYEE BENEFIT PLANS (Tables)

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

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The tables below present information about the Company’s financial assets and liabilities measured and recorded at fair value on a recurring basis and indicate the fair value hierarchy of the inputs utilized to determine the fair values as of June 30, 2018 and December 31, 2017 . We have elected to offset the fair value amounts recognized for multiple derivative contracts executed with the same counterparty; however, fair value amounts by hierarchy level are presented on a gross basis in the tables below. We have posted cash margin with various counterparties to support hedging and trading activities. The cash margin posted is required by counterparties as collateral deposits and cannot be offset against the fair value of open contracts except in the event of default. We have no derivative contracts that are subject to master netting arrangements that are reflected gross on the balance sheet. As of June 30, 2018 Fair Value Hierarchy Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet Level 1 Level 2 Level 3 Assets: Money market funds $ 18,520 $ — $ — $ 18,520 N/A $ 18,520 Commodity contracts 65,389 5,999 — 71,388 (71,388 ) — Liabilities: Commodity contracts 75,477 37,397 — 112,874 (71,388 ) 41,486 Catalyst lease obligations — 45,430 — 45,430 — 45,430 Derivatives included with inventory intermediation agreement obligations — 10,259 — 10,259 — 10,259 As of December 31, 2017 Fair Value Hierarchy Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet Level 1 Level 2 Level 3 Assets: Money market funds $ 4,730 $ — $ — $ 4,730 N/A $ 4,730 Commodity contracts 10,031 357 — 10,388 (10,388 ) — Liabilities: Commodity contracts 51,673 33,035 — 84,708 (10,388 ) 74,320 Catalyst lease obligations — 59,048 — 59,048 — 59,048 Derivatives included with inventory intermediation agreement obligations — 7,721 — 7,721 — 7,721
Schedule of Effect of Significant Unobservable Inputs	The table below summarizes the changes in fair value measurements of commodity contracts categorized in Level 3 of the fair value hierarchy: Three Months Ended Six Months Ended 2018 2017 2018 2017 Balance at beginning of period $ — $ — $ — $ (84 ) Purchases — — — — Settlements — — — 45 Unrealized gain included in earnings — — — 39 Transfers into Level 3 — — — — Transfers out of Level 3 — — — — Balance at end of period $ — $ — $ — $ —
Schedule of Fair value of Debt	The table below summarizes the fair value and carrying value of debt as of June 30, 2018 and December 31, 2017 . June 30, 2018 December 31, 2017 Carrying value Fair value Carrying value Fair value 2025 Senior Notes (a) $ 725,000 $ 763,255 $ 725,000 $ 763,945 2023 Senior Notes (a) 500,000 521,660 500,000 522,101 PBFX 2023 Senior Notes (a) 528,101 532,956 528,374 544,118 PBF Rail Term Loan (b) 24,982 24,982 28,366 28,366 Catalyst leases (c) 45,430 45,430 59,048 59,048 PBFX Revolving Credit Facility (b) 84,000 84,000 29,700 29,700 Revolving Credit Agreement (b) 350,000 350,000 350,000 350,000 2,257,513 2,322,283 2,220,488 2,297,278 Less - Current debt (c) (1,298 ) (1,298 ) (10,987 ) (10,987 ) Less - Unamortized deferred financing costs (42,173 ) n/a (34,459 ) n/a Long-term debt $ 2,214,042 $ 2,320,985 $ 2,175,042 $ 2,286,291 (a) The estimated fair value, categorized as a Level 2 measurement, was calculated based on the present value of future expected payments utilizing implied current market interest rates based on quoted prices of the 7.00% senior notes due 2023 and the 7.25% senior notes due 2025 (collectively, the “Senior Notes”), and the PBFX 6.875% senior notes due 2023 (the “PBFX 2023 Senior Notes”). (b) The estimated fair value approximates carrying value, categorized as a Level 2 measurement, as these borrowings bear interest based upon short-term floating market interest rates. As disclosed in Note 7, “Debt” and Note 17, “Subsequent Events”, on July 30, 2018, PBFX entered into the PBFX A&R Revolving Credit Facility, that among other things, extended the maturity date from May 2019 to July 2023. As such, the outstanding balance on the PBFX Revolving Credit Facility as of June 30, 2018 is classified as long-term debt on the condensed consolidated balance sheet. (c) Catalyst leases are valued using a market approach based upon commodity prices for similar instruments quoted in active markets and are categorized as a Level 2 measurement. The Company has elected the fair value option for accounting for its catalyst lease repurchase obligations as the Company’s liability is directly impacted by the change in fair value of the underlying catalyst.

DERIVATIVES (Tables)

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

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Schedule of segment reporting information	Disclosures regarding the Company’s reportable segments with reconciliations to consolidated totals for the three and six months ended June 30, 2018 and June 30, 2017 are presented below. In connection with the adoption of ASU 2017-07, the accompanying segment information has been retrospectively adjusted, for all periods presented, to reflect the reclassification of certain net periodic benefit costs from Operating expenses and General and administrative expenses to Other income (expense). PBF Energy Three Months Ended June 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 7,440,470 $ 67,398 $ — $ (63,785 ) $ 7,444,083 Depreciation and amortization expense 82,829 6,919 2,563 — 92,311 Income (loss) from operations (1) 446,506 34,880 (54,760 ) (4,363 ) 422,263 Interest expense, net 2,596 10,425 30,427 — 43,448 Capital expenditures (2) 210,930 59,568 1,463 — 271,961 Three Months Ended June 30, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 5,013,251 $ 62,329 $ — $ (58,355 ) $ 5,017,225 Depreciation and amortization expense 56,973 5,710 6,020 — 68,703 Income (loss) from operations (1) (101,264 ) 35,017 (40,981 ) (3,820 ) (111,048 ) Interest expense, net 1,335 7,886 31,477 — 40,698 Capital expenditures (2) 242,655 36,918 148 — 279,721 Six Months Ended June 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 13,240,071 $ 131,437 $ — $ (124,649 ) $ 13,246,859 Depreciation and amortization expense 159,607 13,414 5,277 — 178,298 Income (loss) from operations (1) 572,219 70,085 (115,996 ) (8,385 ) 517,923 Interest expense, net 4,431 20,373 61,842 — 86,646 Capital expenditures (2) 299,227 63,521 2,493 — 365,241 Six Months Ended June 30, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 9,763,449 $ 122,806 $ — $ (114,557 ) $ 9,771,698 Depreciation and amortization expense 110,791 11,062 7,782 — 129,635 Income (loss) from operations (1) (90,771 ) 71,058 (83,121 ) (7,419 ) (110,253 ) Interest expense, net 2,253 15,870 59,758 — 77,881 Capital expenditures (2) 409,871 56,385 2,409 — 468,665 Balance at June 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 7,744,601 $ 777,756 $ 55,831 $ (31,473 ) $ 8,546,715 Balance at December 31, 2017 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 7,298,049 $ 737,550 $ 123,211 $ (40,817 ) $ 8,117,993 PBF LLC Three Months Ended June 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 7,440,470 $ 67,398 $ — $ (63,785 ) $ 7,444,083 Depreciation and amortization expense 82,829 6,919 2,563 — 92,311 Income (loss) from operations (1) 446,506 34,880 (54,319 ) (4,363 ) 422,704 Interest expense, net 2,596 10,425 32,461 — 45,482 Capital expenditures (2) 210,930 59,568 1,463 — 271,961 Three Months Ended June 30, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 5,013,251 $ 62,329 $ — $ (58,355 ) $ 5,017,225 Depreciation and amortization expense 56,973 5,710 6,020 — 68,703 Income (loss) from operations (1) (101,264 ) 35,017 (40,909 ) (3,820 ) (110,976 ) Interest expense, net 1,335 7,886 33,235 — 42,456 Capital expenditures (2) 242,655 36,918 148 — 279,721 Six Months Ended June 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 13,240,071 $ 131,437 $ — $ (124,649 ) $ 13,246,859 Depreciation and amortization expense 159,607 13,414 5,277 — 178,298 Income (loss) from operations (1) 572,219 70,085 (115,303 ) (8,385 ) 518,616 Interest expense, net 4,431 20,373 65,839 — 90,643 Capital expenditures (2) 299,227 63,521 2,493 — 365,241 Six Months Ended June 30, 2017 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 9,763,449 $ 122,806 $ — $ (114,557 ) $ 9,771,698 Depreciation and amortization expense 110,791 11,062 7,782 — 129,635 Income (loss) from operations (1) (90,771 ) 71,058 (83,013 ) (7,419 ) (110,145 ) Interest expense, net 2,253 15,870 63,894 — 82,017 Capital expenditures (2) 409,871 56,385 2,409 — 468,665 Balance at June 30, 2018 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 7,744,601 $ 777,756 $ 46,250 $ (31,473 ) $ 8,537,134 Balance at December 31, 2017 Refining Logistics Corporate Eliminations Consolidated Total Total assets (3) $ 7,298,049 $ 737,550 $ 44,203 $ (40,817 ) $ 8,038,985 (1) The Logistics segment includes 100% of the income from operations of TVPC as TVPC is consolidated by PBFX. PBFX records net income attributable to noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records equity income in investee related to its 50% noncontrolling ownership interest in TVPC. For purposes of the Company’s condensed consolidated financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation. (2) The Logistics segment includes capital expenditures of $58,000 for the acquisition of the Knoxville Terminals by PBFX on April 16, 2018 and $10,097 for the acquisition of the Toledo Terminal by PBFX on April 17, 2017. (3) The Logistics segment includes 100% of the assets of TVPC as TVPC is consolidated by PBFX. PBFX records a noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records an equity investment in TVPC reflecting its noncontrolling ownership interest. For purposes of the Company’s condensed consolidated PBF Energy financial statements, PBFX’s noncontrolling interest in TVPC and PBF Holding’s equity investment in TVPC eliminate in consolidation.

NET INCOME PER SHARE OF PBF E36

NET INCOME PER SHARE OF PBF ENERGY (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Computation of basic and diluted net income per common share	The following table sets forth the computation of basic and diluted net income per share of Class A common stock attributable to PBF Energy: Three Months Ended Six Months Ended Basic Earnings Per Share: 2018 2017 2018 2017 Allocation of earnings: Net income (loss) attributable to PBF Energy Inc. stockholders $ 272,153 $ (109,663 ) $ 302,519 $ (140,740 ) Less: Income allocated to participating securities 197 269 398 539 Income (loss) available to PBF Energy Inc. stockholders - basic $ 271,956 $ (109,932 ) $ 302,121 $ (141,279 ) Denominator for basic net income per Class A common share - weighted average shares 112,875,813 108,779,992 111,853,774 108,770,237 Basic net income (loss) attributable to PBF Energy per Class A common share $ 2.41 $ (1.01 ) $ 2.70 $ (1.30 ) Diluted Earnings Per Share: Numerator: Income (loss) available to PBF Energy Inc. stockholders - basic $ 271,956 $ (109,932 ) $ 302,121 $ (141,279 ) Plus: Net income attributable to noncontrolling interest (1) 6,108 — 7,396 — Less: Income tax expense on net income attributable to noncontrolling interest (1) (1,613 ) — (1,953 ) — Numerator for diluted net income (loss) per Class A common share - net income (loss) attributable to PBF Energy Inc. stockholders (1) $ 276,451 $ (109,932 ) $ 307,564 $ (141,279 ) Denominator: (1) Denominator for basic net income (loss) per Class A common share-weighted average shares 112,875,813 108,779,992 111,853,774 108,770,237 Effect of dilutive securities: Conversion of PBF LLC Series A Units 1,838,196 — 2,681,980 — Common stock equivalents (2) 1,695,264 — 1,214,173 — Denominator for diluted net income (loss) per Class A common share-adjusted weighted average shares 116,409,273 108,779,992 115,749,927 108,770,237 Diluted net income (loss) attributable to PBF Energy Inc. stockholders per Class A common share $ 2.37 $ (1.01 ) $ 2.66 $ (1.30 ) __________ (1) The diluted earnings per share calculation generally assumes the conversion of all outstanding PBF LLC Series A Units to Class A common stock of PBF Energy. For the three and six months ended June 30, 2018 , respectively, the net income attributable to PBF Energy, used in the numerator of the diluted earnings per share calculation is adjusted to reflect the net income, as well as the corresponding income tax expense (based on a 26.4% estimated annualized statutory corporate tax rate) attributable to the converted units. The potential conversion of 3,828,871 and 3,835,999 PBF LLC Series A Units for the three and six months ended June 30, 2017 , respectively, were excluded from the denominator in computing diluted net income per share because including them would have had an antidilutive effect. As the PBF LLC Series A Units were not included, the numerator used in the calculation of diluted net income per share was equal to the numerator used in the calculation of basic net income per share and does not include the net income and related income tax expense associated with the potential conversion of the PBF LLC Series A Units. (2) Represents an adjustment to weighted-average diluted shares outstanding to assume the full exchange of common stock equivalents, including options and warrants for PBF LLC Series A Units and options for shares of PBF Energy Class A common stock as calculated under the treasury stock method (to the extent the impact of such exchange would not be anti-dilutive). Common stock equivalents exclude the effects of options and warrants to purchase 12,500 and 233,250 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the three and six months ended June 30, 2018 , respectively. Common stock equivalents exclude the effects of options and warrants to purchase 7,278,142 and 7,278,142 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the three and six months ended June 30, 2017 , respectively.

DESCRIPTION OF THE BUSINESS A37

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)shares	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)reportable_segmentshares	Jun. 30, 2017USD ($)	Dec. 31, 2017shares
Description of Business [Line Items]
Other non-service components of net periodic benefit cost	$ 277	$ (101)	$ 555	$ (202)
Cost of products and other	$ 6,452,535	4,605,693	$ 11,584,637	8,802,460
Ownership percentage	100.00%		100.00%		100.00%
Shares, outstanding (in shares) | shares	115,036,053		115,036,053		114,332,995
Percentage of ownership in PBF LLC	100.00%		100.00%		100.00%
Number of reportable segments | reportable_segment			2
Operating Expenses	$ (417,695)	(412,790)	$ (843,830)	(864,056)
Depreciation and amortization expense	89,748	62,683	173,021	121,853
Cost of sales	6,959,978	5,081,166	12,601,488	9,788,369
General and administrative expenses	(58,685)	(41,058)	(121,498)	(84,888)
Depreciation and amortization expense	2,563	6,020	5,277	7,782
Loss on sale of assets	594	29	673	912
Total cost and expenses	7,021,820	5,128,273	12,728,936	9,881,951
PBF LLC [Member]
Description of Business [Line Items]
Other non-service components of net periodic benefit cost	277	(101)	555	(202)
Operating Expenses	(417,695)	(412,790)	(843,830)	(864,056)
Depreciation and amortization expense	89,748	62,683	173,021	121,853
Cost of sales	6,959,978	5,081,166	12,601,488	9,788,369
General and administrative expenses	(58,244)	(40,986)	(120,805)	(84,780)
Depreciation and amortization expense	2,563	6,020	5,277	7,782
Loss on sale of assets	594	29	673	912
Total cost and expenses	$ 7,021,379	5,128,201	$ 12,728,243	9,881,843
Series C Units [Member] | PBF LLC [Member]
Description of Business [Line Items]
Shares, outstanding (in shares) | shares	113,850,959		113,850,959
Class A Common Stock [Member] | PBF Energy [Member]
Description of Business [Line Items]
Shares, outstanding (in shares) | shares	113,829,728		113,829,728		110,565,531
Percentage of ownership in PBF LLC	99.00%		99.00%		96.70%
Series A Units [Member] | PBF LLC [Member]
Description of Business [Line Items]
Shares, outstanding (in shares) | shares	1,206,325		1,206,325		3,767,464
Percentage of ownership in PBF LLC	1.00%		1.00%		3.30%
Limited Partner [Member] | PBF LLC [Member]
Description of Business [Line Items]
Ownership percentage	43.90%		43.90%		44.10%
Scenario, Previously Reported [Member]
Description of Business [Line Items]
Cost of products and other		4,605,693		8,802,460
Operating Expenses		(412,790)		(864,056)
Depreciation and amortization expense		0		0
General and administrative expenses		(41,058)		(84,888)
Depreciation and amortization expense		68,703		129,635
Loss on sale of assets		(29)		(912)
Total cost and expenses		5,128,273		9,881,951
Scenario, Adjustment [Member]
Description of Business [Line Items]
Cost of products and other		0		0
Operating Expenses		0		0
Depreciation and amortization expense		62,683		121,853
General and administrative expenses		0		0
Depreciation and amortization expense		(62,683)		(121,853)
Loss on sale of assets		$ 0		$ 0

REVENUE (Details)

REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Deferred revenue	$ 4,809		$ 4,809		$ 8,933
Revenues	7,444,083	$ 5,017,225	13,246,859	$ 9,771,698
Revenues	7,444,083	5,017,225	13,246,859	9,771,698
Refining Group [Member]
Revenues	7,440,470	5,013,251	13,240,071	9,763,449
Revenues	7,440,470	5,013,251	13,240,071	9,763,449
PBF Logistics LP [Member]
Revenues	67,398	62,329	131,437	122,806
Prior to elimination [Member]
Revenues	7,507,868	5,075,580	13,371,508	9,886,255
Intersegment Eliminations [Member]
Revenues	(63,785)	(58,355)	(124,649)	(114,557)
Gasoline And Distillate [Member] | Refining Group [Member]
Revenues	6,341,757	4,154,375	11,336,077	8,243,186
Asphalt and Residual Oil [Member] | Refining Group [Member]
Revenues	397,203	287,731	706,064	472,859
Other Refining and Marketing [Member] | Refining Group [Member]
Revenues	404,197	310,951	642,906	535,361
Chemicals [Member] | Refining Group [Member]
Revenues	202,552	179,076	378,660	363,499
Lubricants [Member] | Refining Group [Member]
Revenues	$ 94,761	$ 81,118	$ 176,364	$ 148,544

PBF LOGISTICS LP (Details)

PBF LOGISTICS LP (Details) $ / shares in Units, $ in Thousands	Apr. 16, 2018USD ($)	Jun. 30, 2018USD ($)$ / sharesshares	Jun. 30, 2017USD ($)	Dec. 31, 2017	Jun. 01, 2017shares
Variable Interest Entity [Line Items]
Payments to Acquire Property, Plant, and Equipment		$ 115,690	$ 220,446
Ownership percentage		100.00%		100.00%
Maturities of marketable securities		$ 0	115,060
Proceeds from revolver borrowings		$ 0	290,000
PBF Logistics LP [Member]
Variable Interest Entity [Line Items]
IDR maximum percentage distribution		50.00%
IDR, Distribution in Excess (in shares) | $ / shares		$ 0.345
Partners' Capital Account, Units, Conversion Ratio To Common Units (in shares) | shares					1
PBF LLC [Member]
Variable Interest Entity [Line Items]
Payments to Acquire Property, Plant, and Equipment		$ 115,690	220,446
Maturities of marketable securities		0	115,060
Proceeds from revolver borrowings		$ 0	$ 290,000
Limited Partner [Member] | Public Unit Holders [Member]
Variable Interest Entity [Line Items]
Ownership percentage		56.10%		55.90%
Limited Partner [Member] | PBF LLC [Member]
Variable Interest Entity [Line Items]
Ownership percentage		43.90%		44.10%
Limited Partner [Member] | Common Units [Member] | PBF LLC [Member]
Variable Interest Entity [Line Items]
Partner capital units held (in shares) | shares		18,459,497
Knoxville Terminals Purchase [Member]
Variable Interest Entity [Line Items]
Payments to Acquire Property, Plant, and Equipment	$ 58,000
Number Of Refined Product Terminals Acquired	2

EQUITY (Ownership Percentage) (

EQUITY (Ownership Percentage) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Jun. 01, 2017	Nov. 01, 2015
Noncontrolling Interest [Line Items]
Percentage of ownership in PBF LLC	100.00%		100.00%		100.00%
Shares, outstanding (in shares)	115,036,053		115,036,053		114,332,995
Ownership percentage	100.00%		100.00%		100.00%
Less: net income attributable to noncontrolling interests	$ 15,534	$ 5,512	$ 26,979	$ 16,559
Common Units [Member]
Noncontrolling Interest [Line Items]
Shares sold in public offering (in shares)	42,073,062		42,073,062		41,900,708
PBF Energy [Member] | Class A Common Stock [Member]
Noncontrolling Interest [Line Items]
Percentage of ownership in PBF LLC	99.00%		99.00%		96.70%
Shares, outstanding (in shares)	113,829,728		113,829,728		110,565,531
Public Unit Holders [Member] | Common Units [Member]
Noncontrolling Interest [Line Items]
Shares sold in public offering (in shares)	23,613,565		23,613,565		23,441,211
PBF LLC [Member] | Common Units [Member]
Noncontrolling Interest [Line Items]
Shares sold in public offering (in shares)	18,459,497		18,459,497		18,459,497
PBF LLC [Member] | Series A Units [Member]
Noncontrolling Interest [Line Items]
Percentage of ownership in PBF LLC	1.00%		1.00%		3.30%
Shares, outstanding (in shares)	1,206,325		1,206,325		3,767,464
PBF Logistics LP [Member]
Noncontrolling Interest [Line Items]
Partners' Capital Account, Units, Conversion Ratio To Common Units (in shares)						1
Collins Pipeline Company And T&M Terminal Company [Member]
Noncontrolling Interest [Line Items]
Less: net income attributable to noncontrolling interests	$ 76	$ 267	$ 8	$ 380
Limited Partner [Member] | Public Unit Holders [Member]
Noncontrolling Interest [Line Items]
Ownership percentage	56.10%		56.10%		55.90%
Limited Partner [Member] | PBF LLC [Member]
Noncontrolling Interest [Line Items]
Ownership percentage	43.90%		43.90%		44.10%
T&M Terminal Company [Member] | Chalmette Refining [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage	80.00%		80.00%
Collins Pipeline Company [Member] | Chalmette Refining [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage							80.00%

EQUITY (Allocation of Equity) (

EQUITY (Allocation of Equity) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period			$ 2,902,949	$ 2,570,684
Comprehensive income	$ 272,177	$ (109,345)	302,790	(140,118)
Less: comprehensive income attributable to noncontrolling interests	15,530	5,524	26,982	16,581
Comprehensive income	287,707	(103,821)	329,772	(123,537)
Dividends and distributions			(92,271)	(89,894)
Equity-based compensation awards			13,017	13,842
Exercise of PBF LLC options and warrants, net			11,325
Stockholders' Equity, Other			9,872	(2,102)
Balance, end of period	3,172,284	2,368,993	3,172,284	2,368,993
PBF Energy [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period			2,336,654	2,025,044
Comprehensive income			302,790	(140,118)
Dividends and distributions			(67,347)	(65,807)
Equity-based compensation awards			9,520	10,134
Exercise of PBF LLC options and warrants, net			11,671
Stockholders' Equity, Other			10,921	(2,098)
Balance, end of period	2,601,829	1,827,155	2,601,829	1,827,155
Noncontrolling Interest - PBF LLC [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period			110,203	98,671
Less: comprehensive income attributable to noncontrolling interests			7,399	(8,439)
Dividends and distributions			(1,362)	(2,300)
Equity-based compensation awards			0	0
Exercise of PBF LLC options and warrants, net			(346)
Stockholders' Equity, Other			0	0
Balance, end of period	115,894	87,932	115,894	87,932
Noncontrolling Interest - PBF Holding [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period			10,808	12,513
Less: comprehensive income attributable to noncontrolling interests			8	380
Dividends and distributions			0	0
Equity-based compensation awards			0	0
Exercise of PBF LLC options and warrants, net			0
Stockholders' Equity, Other				0
Balance, end of period	10,816	12,893	10,816	12,893
Noncontrolling Interest - PBF Logistics LP [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period			445,284	434,456
Less: comprehensive income attributable to noncontrolling interests			19,575	24,640
Dividends and distributions			(23,562)	(21,787)
Equity-based compensation awards			3,497	3,708
Exercise of PBF LLC options and warrants, net			0
Stockholders' Equity, Other			(1,049)	(4)
Balance, end of period	$ 443,745	$ 441,013	$ 443,745	$ 441,013

EQUITY Noncontrolling Interest

EQUITY Noncontrolling Interest (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)subsidiary	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Noncontrolling Interest [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 3,172,284	$ 2,368,993	$ 3,172,284	$ 2,368,993	$ 2,902,949	$ 2,570,684
Stockholders' Equity, Other			$ 9,872	(2,102)
Ownership percentage	100.00%		100.00%		100.00%
Less: net income attributable to noncontrolling interests	$ 15,534	5,512	$ 26,979	16,559
Comprehensive income	272,177	(109,345)	302,790	(140,118)
Less: net income attributable to noncontrolling interests	15,530	5,524	26,982	16,581
Comprehensive income	287,707	(103,821)	329,772	(123,537)
Dividends and Distributions			(92,271)	(89,894)
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			13,017	13,842
Record tax receivable agreement			(2,380)
PBF LLC [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	3,243,485	2,184,676	3,243,485	2,184,676	$ 2,878,503	2,487,820
Stockholders' Equity, Other			9,872	(2,105)
Comprehensive income	376,216	(195,564)	418,056	(250,006)
Less: net income attributable to noncontrolling interests	9,426	12,116	19,583	25,019
Comprehensive income	385,642	(183,448)	437,639	(224,987)
Dividends and Distributions			(92,271)	(89,894)
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			$ 13,017	13,842
Chalmette Refining [Member]
Noncontrolling Interest [Line Items]
Number Of Subsidiaries | subsidiary			2
Collins Pipeline Company And T&M Terminal Company [Member]
Noncontrolling Interest [Line Items]
Less: net income attributable to noncontrolling interests	76	267	$ 8	380
PBF Energy [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	2,601,829	1,827,155	2,601,829	1,827,155	2,336,654	2,025,044
Stockholders' Equity, Other			10,921	(2,098)
Comprehensive income			302,790	(140,118)
Dividends and Distributions			(67,347)	(65,807)
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			9,520	10,134
Record tax receivable agreement			(2,380)
PBF Energy [Member] | PBF LLC [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	2,788,924	1,730,770	2,788,924	1,730,770	2,422,411	2,040,851
Stockholders' Equity, Other			10,921	(2,102)
Comprehensive income			418,056	(250,006)
Dividends and Distributions			(68,709)	(68,107)
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			9,520	10,134
Noncontrolling Interest - PBF Logistics LP [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	443,745	441,013	443,745	441,013	445,284	434,456
Stockholders' Equity, Other			(1,049)	(4)
Less: net income attributable to noncontrolling interests			19,575	24,640
Dividends and Distributions			(23,562)	(21,787)
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			3,497	3,708
Record tax receivable agreement			0
Noncontrolling Interest - PBF Logistics LP [Member] | PBF LLC [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	10,816	12,893	10,816	12,893	10,808	12,513
Stockholders' Equity, Other			0	0
Less: net income attributable to noncontrolling interests			8	380
Dividends and Distributions			0	0
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			0	0
Noncontrolling Interest - PBF LLC [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	115,894	87,932	115,894	87,932	110,203	98,671
Stockholders' Equity, Other			0	0
Less: net income attributable to noncontrolling interests			7,399	(8,439)
Dividends and Distributions			(1,362)	(2,300)
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			0	0
Record tax receivable agreement			0
Noncontrolling Interest - PBF LLC [Member] | PBF LLC [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	443,745	441,013	443,745	441,013	445,284	434,456
Stockholders' Equity, Other			(1,049)	(3)
Less: net income attributable to noncontrolling interests			19,575	24,639
Dividends and Distributions			(23,562)	(21,787)
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			3,497	3,708
Noncontrolling Interest - PBF Holding [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 10,816	$ 12,893	10,816	12,893	$ 10,808	$ 12,513
Stockholders' Equity, Other				0
Less: net income attributable to noncontrolling interests			8	380
Dividends and Distributions			0	0
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options			0	$ 0
Record tax receivable agreement			$ 0

EQUITY Schedule of stock by cla

EQUITY Schedule of stock by class (Details) - USD ($)		6 Months Ended		12 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Class of Stock [Line Items]
Stock Issued During Period, Value, Stock Options Exercised		$ (11,325,000)
Class A Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares outstanding		110,565,531
Common stock, shares outstanding		113,829,728		110,565,531
PBF Energy [Member]
Class of Stock [Line Items]
Stock Issued During Period, Value, Stock Options Exercised		$ (11,671,000)
Common Stock [Member] | Class A Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares outstanding		110,565,531	109,204,047	109,204,047
Stock Redeemed or Called During Period, Value	[1]	$ (39,014)	$ 0
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures		12,244	702,404
Stock Issued During Period, Value, Stock Options Exercised		602,916	462,500
Stock Issued During Period, Shares, Conversion of Convertible Securities		2,688,051	196,580
Common stock, shares outstanding		113,829,728		110,565,531
Treasury Stock [Member]
Class of Stock [Line Items]
Common stock, shares outstanding		6,132,884	6,087,963	6,087,963
Stock Redeemed or Called During Period, Value	[1]	$ 39,014	$ 44,921
Common stock, shares outstanding		6,171,898		6,132,884
Noncontrolling Interest - PBF Logistics LP [Member]
Class of Stock [Line Items]
Stock Issued During Period, Value, Stock Options Exercised		$ 0
Noncontrolling Interest - PBF LLC [Member]
Class of Stock [Line Items]
Stock Issued During Period, Value, Stock Options Exercised		346,000
PBF LLC [Member]
Class of Stock [Line Items]
Stock Issued During Period, Value, Stock Options Exercised		$ (3,275,000)
PBF LLC [Member] | Series A Units [Member]
Class of Stock [Line Items]
Units Outstanding		3,767,464	3,920,902	3,920,902
Limited Liability Company (LLC) Members' Equity, Unit-Based Compensation And Exercise Of Warrants, Issuance Of Units		126,912		64,373
Limited Liability Company (LLC) Members' Equity, Exchange of Units		(2,688,051)		(196,580)
Limited Liability Company (LLC) Members' Equity, Redemption of Units				(21,231)
Units Outstanding		1,206,325		3,767,464
PBF LLC [Member] | Series C Units [Member]
Class of Stock [Line Items]
Units Outstanding		110,586,762	109,204,047	109,204,047
Limited Liability Company (LLC) Members' Equity, Unit-Based Compensation And Exercise Of Warrants, Issuance Of Units		602,916		462,500
Limited Liability Company (LLC) Members' Equity, Exchange of Units		2,688,051		217,811
Limited Liability Company (LLC) Members' Equity, Unit-Based Compensation And Exercise Of Warrants, Issuance Of Restricted Units		12,244		702,404
Limited Liability Company (LLC) Members' Equity, Unit-Based Compensation And Exercise Of Warrants, Restricted Units Surrender for Taxes		(39,014)
Units Outstanding		113,850,959		110,586,762
PBF LLC [Member] | PBF Energy [Member]
Class of Stock [Line Items]
Stock Issued During Period, Value, Stock Options Exercised		$ (3,275,000)
PBF LLC [Member] | Noncontrolling Interest - PBF Logistics LP [Member]
Class of Stock [Line Items]
Stock Issued During Period, Value, Stock Options Exercised		0
PBF LLC [Member] | Noncontrolling Interest - PBF LLC [Member]
Class of Stock [Line Items]
Stock Issued During Period, Value, Stock Options Exercised		$ 0
[1]	(1) Includes shares repurchased from participants in connection with the vesting of equity awards granted under the Company’s stock compensation plans to cover employee income tax liabilities.

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Inventory [Line Items]
Crude oil and feedstocks		$ 1,159,842		$ 1,159,842			$ 1,073,093
Refined products and blendstocks		1,332,170		1,332,170			1,342,294
Warehouse stock and other		103,066		103,066			98,866
Inventory, Gross		2,595,078		2,595,078			2,514,253
Lower of cost or market adjustment		54,801	$ 763,122	54,801	$ 763,122	$ 212,803	300,456	$ 612,027	$ (595,988)
Inventories		2,540,277		2,540,277			2,213,797
Income (loss) from operations	[1]	422,263	(111,048)	517,923	(110,253)
Net income (loss)		287,687	(104,151)	329,498	(124,181)
Titled Inventory [Member]
Inventory [Line Items]
Crude oil and feedstocks		1,159,842		1,159,842			1,073,093
Refined products and blendstocks		1,036,028		1,036,028			1,030,817
Warehouse stock and other		103,066		103,066			98,866
Inventory, Gross		2,298,936		2,298,936			2,202,776
Lower of cost or market adjustment		11,751		11,751			232,652
Inventories		2,287,185		2,287,185			1,970,124
Inventory Supply and Offtake Arrangements [Member]
Inventory [Line Items]
Crude oil and feedstocks		0		0			0
Refined products and blendstocks		296,142		296,142			311,477
Warehouse stock and other		0		0			0
Inventory, Gross		296,142		296,142			311,477
Lower of cost or market adjustment		43,050		43,050			67,804
Inventories		253,092		253,092			$ 243,673
Scenario, Adjustment [Member]
Inventory [Line Items]
Income (loss) from operations		158,002	151,095	245,655	167,134
Net income (loss)		$ 116,274	$ 91,624	$ 180,778	$ 101,350
[1]	(1)The Logistics segment includes 100% of the income from operations of TVPC as TVPC is consolidated by PBFX. PBFX records net income attributable to noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records equity income in investee related to its 50% noncontrolling ownership interest in TVPC. For purposes of the Company’s condensed consolidated financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation.

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Accrued Expenses:
Inventory-related accruals	$ 1,138,913	$ 1,151,810
Inventory intermediation arrangements	227,740	244,287
Accrued transportation costs	53,464	64,400
Excise and sales tax payable	176,557	118,515
Accrued construction in progress	14,395	18,765
Renewable energy credit and emissions obligations	52,390	26,231
Accrued capital expenditures	15,170	14,080
Customer deposits	22,670	16,133
Accrued utilities	31,647	42,189
Accrued refinery maintenance and support costs	25,578	35,674
Accrued salaries and benefits	30,347	58,589
Environmental liabilities	7,197	8,289
Other	33,969	15,892
Total accrued expenses	1,830,037	1,814,854
PBF LLC [Member]
Accrued Expenses:
Inventory-related accruals	1,138,913	1,151,810
Inventory intermediation arrangements	227,740	244,287
Accrued transportation costs	53,464	64,400
Excise and sales tax payable	176,557	118,515
Accrued construction in progress	14,395	18,765
Renewable energy credit and emissions obligations	52,390	26,231
Accrued capital expenditures	28,461	23,419
Customer deposits	22,670	16,133
Accrued utilities	31,647	42,189
Accrued refinery maintenance and support costs	25,578	35,674
Accrued salaries and benefits	30,347	58,589
Environmental liabilities	7,197	8,289
Other	33,886	16,093
Total accrued expenses	$ 1,843,245	$ 1,824,394

AFFILIATE NOTE PAYABLE - PBF 46

AFFILIATE NOTE PAYABLE - PBF LLC (Details) - PBF LLC [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Jun. 30, 2018
Debt Instrument [Line Items]
Affiliate note payable	$ 292,844	$ 322,144
Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Interest rate	2.50%
Debt Instrument, Term	5 years

INCOME TAXES (Details)

INCOME TAXES (Details) $ in Thousands	Jan. 01, 2018	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)subsidiary	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Income Taxes [Line Items]
Percentage of ownership in PBF LLC		100.00%		100.00%		100.00%
Number Of Subsidiaries Acquired | subsidiary				2
Income tax expense (benefit)		$ 95,545	$ (72,043)	$ 106,487	$ (91,090)
Current income tax expense		669	901	752	1,374
Deferred income tax expense (benefit)		$ 94,876	$ (72,944)	$ 105,735	$ (92,464)
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Percent [Abstract]
Provision at Federal statutory rate, as a percent		21.00%	35.00%	21.00%	35.00%
State income taxes (net federal income tax), as a percent		5.60%	4.80%	5.60%	4.70%
Non deductible/nontaxable items, as a percent		0.10%	(0.90%)	0.10%	(0.70%)
Rate differential from foreign jurisdictions, as a percent		(0.20%)	1.00%	(0.20%)	0.90%
Other, as a percent		(0.50%)	(0.30%)	(0.50%)	(0.20%)
Effective tax rate		26.00%	39.60%	26.00%	39.30%
Noncontrolling interests, as a percent		24.90%	40.90%	24.40%	42.30%
Statutory tax rate	21.00%			26.40%		35.00%
Less: net income attributable to noncontrolling interests		$ 15,534	$ 5,512	$ 26,979	$ 16,559
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Percent		0.00%	0.00%	0.00%	(0.40%)
Tax Cuts And Jobs Act Of 2017, Incomplete Accounting, Provisional Income Tax Expense (Benefit)						$ 20,153
PBF Energy [Member] | Class A Common Stock [Member]
Income Taxes [Line Items]
Percentage of ownership in PBF LLC		99.00%		99.00%		96.70%
PBF LLC [Member]
Income Taxes [Line Items]
Income tax expense (benefit)		$ (3,983)	$ 5,898	$ (4,684)	$ 6,332
Current income tax expense		(26)	737	(31)	1,209
Deferred income tax expense (benefit)		$ (3,957)	$ 5,161	$ (4,653)	$ 5,123

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	May 18, 2018USD ($)	Feb. 01, 2018USD ($)	Jan. 13, 2017group	Jul. 01, 2016USD ($)	Mar. 03, 2014ppm	Mar. 01, 2011	Jun. 30, 2018USD ($)ppm	Dec. 31, 2010ppm	Dec. 31, 2017USD ($)
Loss Contingencies [Line Items]
Percent of tax benefit received from increases in tax basis paid to stockholders							85.00%
Percentage of ownership in PBF LLC							100.00%		100.00%
Recognized liability for the tax receivable agreement							$ 391,156,000		$ 362,142,000
PBF Energy [Member] | Class A Common Stock [Member]
Loss Contingencies [Line Items]
Percentage of ownership in PBF LLC							99.00%		96.70%
Environmental Issue [Member]
Loss Contingencies [Line Items]
Environmental liability							$ 11,448,000		$ 10,282,000
Discount rate used for environmental liability assessment							8.00%
Maximum amount of sulfur allowed in heating oil (in ppm) | ppm					10		80
Loss Contingency, Number Of Environmental Groups Appealing Permits | group			2
Environmental Issue [Member] | PBF Energy and Valero [Member]
Loss Contingencies [Line Items]
Term of insurance policies							10 years
Environmental Issue [Member] | Sunoco, Inc. [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual, Insurance-Related Assessment, Expiration Of Liability Period						20 years
Environmental Issue [Member] | PBF Logistics Products Terminals LLC [Member]
Loss Contingencies [Line Items]
Environmental liability							$ 1,668,000		1,923,000
Discount rate used for environmental liability assessment							1.83%
Environmental Issue [Member] | Torrance Refinery [Member]
Loss Contingencies [Line Items]
Environmental liability							$ 133,928,000		$ 136,487,000
Term of insurance policies				10 years
Environmental Issue [Member] | New York [Member]
Loss Contingencies [Line Items]
Maximum amount of sulfur allowed in heating oil (in ppm) | ppm								15
Environmental Issue [Member] | Pennsylvania [Member]
Loss Contingencies [Line Items]
Maximum amount of sulfur allowed in heating oil (in ppm) | ppm								500
Chalmette Refinery [Member] | Environmental Issue [Member]
Loss Contingencies [Line Items]
Term of insurance policies							10 years
Environmental Costs Recognized, Recovery Credited to Expense							$ 3,936,000
Accrual For Environmental Loss Contingencies, Expected Payment Period							30 years
Environmental Insurance Policies Coverage							$ 100,000,000
Maximum [Member] | PBF Logistics Products Terminals LLC [Member]
Loss Contingencies [Line Items]
Accrual For Environmental Loss Contingencies, Expected Future Payments							250
Maximum [Member] | Environmental Issue [Member] | Valero [Member]
Loss Contingencies [Line Items]
Site Contingency, Loss Exposure Not Accrued, Best Estimate							20,000,000
Maximum [Member] | Environmental Issue [Member] | PBF Energy and Valero [Member]
Loss Contingencies [Line Items]
Site Contingency, Loss Exposure Not Accrued, Best Estimate							$ 75,000,000
Maximum [Member] | Environmental Issue [Member] | PBF Logistics Products Terminals LLC [Member]
Loss Contingencies [Line Items]
Accrual For Environmental Loss Contingencies, Expected Payment Period							10 years
Maximum [Member] | Environmental Issue [Member] | Torrance Refinery [Member]
Loss Contingencies [Line Items]
Site Contingency, Loss Exposure Not Accrued, Best Estimate				$ 100,000,000
Pending Litigation [Member] | Louisiana Department of Environmental Quality [Member] | Environmental Remediation Contingency [Domain]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 741,000
Loss Contingency, Damages Paid, Value	$ 100
Pending Litigation [Member] | Environmental Protection Agency [Member] | Environmental Remediation Contingency [Domain]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value		$ 645,000
California Department of Toxic Substance Control [Member] | Environmental Issue [Member] | Torrance Refinery [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value							$ 150,000
Other [Member] | Environmental Issue [Member] | Torrance Refinery [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value							$ 100,000

DIVIDENDS AND DISTRIBUTIONS (De

DIVIDENDS AND DISTRIBUTIONS (Details) - USD ($) $ / shares in Units, $ in Thousands	May 30, 2018	Mar. 14, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Distribution Made to Member or Limited Partner [Line Items]
Dividends per common share (in dollars per share)			$ 0.30	$ 0.30	$ 0.60	$ 0.6
Class A Common Stock [Member]
Distribution Made to Member or Limited Partner [Line Items]
Aggregate amount of dividends paid					$ 67,155
PBF Energy [Member] | Class A Common Stock [Member]
Distribution Made to Member or Limited Partner [Line Items]
Dividends per common share (in dollars per share)	$ 0.30	$ 0.30			$ 0.3
PBF LLC [Member] | Cash Distribution [Member]
Distribution Made to Member or Limited Partner [Line Items]
Distributions paid					$ 68,517
PBF Logistics LP [Member]
Distribution Made to Member or Limited Partner [Line Items]
Distribution made to partner (in dollars per share)	$ 0.49	$ 0.4850
PBF Energy Inc. [Member] | PBF LLC [Member] | Cash Distribution [Member]
Distribution Made to Member or Limited Partner [Line Items]
Distributions paid					67,155
PBF LLC [Member] | PBF Logistics LP [Member]
Distribution Made to Member or Limited Partner [Line Items]
Distribution made to partners					$ 23,689

EMPLOYEE BENEFIT PLANS (Details

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

FAIR VALUE MEASUREMENTS (Measur

FAIR VALUE MEASUREMENTS (Measured on Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified pension plan assets	$ 9,464	$ 9,593
Catalyst lease obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, effect of counter-party netting	0	0
Catalyst lease obligations	45,430	59,048
Catalyst lease obligations [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Catalyst lease obligations	0	0
Catalyst lease obligations [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Catalyst lease obligations	45,430	59,048
Catalyst lease obligations [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Catalyst lease obligations	0	0
Commodity contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	112,874	84,708
Derivative liability, effect of counter-party netting	(71,388)	(10,388)
Derivative Liability	41,486	74,320
Commodity contract [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	75,477
Derivative Liability		51,673
Commodity contract [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	37,397
Derivative Liability		33,035
Commodity contract [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0	0
Inventory Supply Arrangement Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	10,259	7,721
Derivative liability, effect of counter-party netting	0	0
Derivative Liability	10,259	7,721
Inventory Supply Arrangement Obligation [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	0	0
Inventory Supply Arrangement Obligation [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	10,259	7,721
Inventory Supply Arrangement Obligation [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	0	0
Money market funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	18,520	4,730
Money market funds [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	18,520	4,730
Money market funds [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Money market funds [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Commodity contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	71,388	10,388
Derivative assets, effect of counter-party netting	(71,388)	(10,388)
Derivative assets, net carrying value	0	0
Commodity contract [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	65,389	10,031
Commodity contract [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	5,999	357
Commodity contract [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, net carrying value	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Change

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

FAIR VALUE MEASUREMENTS (Fair V

FAIR VALUE MEASUREMENTS (Fair Value and Carrying Value of Debt) (Details)		3 Months Ended		6 Months Ended		12 Months Ended
		Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)lease
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Number Of Platinum Leases Entered Into During Period | lease						2
Transfers into Level 3		$ 0	$ 0	$ 0	$ 0
Long-term debt, Fair value		2,322,283,000		2,322,283,000		$ 2,297,278,000
Long-term Debt, Gross		2,257,513,000		2,257,513,000		2,220,488,000
Current maturities, Carrying value		(1,298,000)		(1,298,000)		(10,987,000)
Current maturities, Fair value		(1,298,000)		(1,298,000)		(10,987,000)
Unamortized Debt Issuance Expense		(42,173,000)		(42,173,000)		(34,459,000)
Long-term debt excluding current maturities, Carrying value		2,214,042,000		2,214,042,000		2,175,042,000
Long-term debt excluding current maturities, Fair value		2,320,985,000		2,320,985,000		2,286,291,000
2023 Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[1]	500,000,000		500,000,000		500,000,000
Long-term debt, Fair value	[1]	521,660,000		521,660,000		522,101,000
2025 Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[1]	725,000,000		725,000,000		725,000,000
Long-term debt, Fair value	[1]	$ 763,255,000		$ 763,255,000		763,945,000
PBFX Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate		6.875%		6.875%
Long-term debt, Fair value	[1]	$ 532,956,000		$ 532,956,000		544,118,000
Catalyst lease obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[2]					59,048,000
Long-term debt, Fair value	[2]	45,430,000		45,430,000		59,048,000
PBF Rail Logistics Company LLC [Member] | Notes Payable to Banks [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[3]	24,982,000		24,982,000		28,366,000
Long-term debt, Fair value	[3]	24,982,000		24,982,000		28,366,000
PBF Logistics LP [Member] | PBFX Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[1]	528,101,000		528,101,000		528,374,000
Catalyst lease obligations [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Capital Lease Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[2]	45,430,000		45,430,000
Revolving Credit Facility [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of credit, Fair value	[3]	350,000,000		350,000,000		350,000,000
Revolving Credit Facility [Member] | Line of Credit [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term line of credit	[3]	350,000,000		350,000,000		350,000,000
Revolving Credit Facility [Member] | PBF Logistics LP [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of credit, Fair value	[3]	84,000,000		84,000,000		29,700,000
Revolving Credit Facility [Member] | PBF Logistics LP [Member] | Line of Credit [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term line of credit	[3]	$ 84,000,000		$ 84,000,000		$ 29,700,000
2023 Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate		7.00%		7.00%
2025 Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate		7.25%		7.25%
[1]	The estimated fair value, categorized as a Level 2 measurement, was calculated based on the present value of future expected payments utilizing implied current market interest rates based on quoted prices of the 7.00% senior notes due 2023 and the 7.25% senior notes due 2025 (collectively, the “Senior Notes”), and the PBFX 6.875% senior notes due 2023 (the “PBFX 2023 Senior Notes”).
[2]	Catalyst leases are valued using a market approach based upon commodity prices for similar instruments quoted in active markets and are categorized as a Level 2 measurement. The Company has elected the fair value option for accounting for its catalyst lease repurchase obligations as the Company’s liability is directly impacted by the change in fair value of the underlying catalyst. During 2017, Delaware City Refining entered into two platinum bridge leases which were settled as of June 30, 2018 and the Company entered into a new platinum bridge lease, which will expire in the first quarter of 2019. The total outstanding balance related to these bridge leases as of June 30, 2018 and December 31, 2017 was $1,298 and $10,987, respectively, and is included in Current debt on the Company’s Condensed Consolidated balance sheet.
[3]	The estimated fair value approximates carrying value, categorized as a Level 2 measurement, as these borrowings bear interest based upon short-term floating market interest rates. As disclosed in Note 7, “Debt” and Note 17, “Subsequent Events”, on July 30, 2018, PBFX entered into the PBFX A&R Revolving Credit Facility, that among other things, extended the maturity date from May 2019 to July 2023. As such, the outstanding balance on the PBFX Revolving Credit Facility as of June 30, 2018 is classified as long-term debt on the condensed consolidated balance sheet.

DERIVATIVES (Narrative) (Detail

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

DERIVATIVES (Fair Value of Deri

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

DERIVATIVES (Gain (Loss) Recogn

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

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details)		3 Months Ended		6 Months Ended
		Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)reportable_segmentsegment	Jun. 30, 2017USD ($)		Dec. 31, 2017USD ($)	Jul. 01, 2016refinery
Segment Reporting Information [Line Items]
Number of reportable segments | reportable_segment				2
Revenues		$ 7,444,083,000	$ 5,017,225,000	$ 13,246,859,000	$ 9,771,698,000
Depreciation and amortization expense		92,311,000	68,703,000	178,298,000	129,635,000
Income (loss) from operations	[1]	422,263,000	(111,048,000)	517,923,000	(110,253,000)
Interest expense, net		43,448,000	40,698,000	86,646,000	77,881,000
Assets	[2]	8,546,715,000		$ 8,546,715,000			$ 8,117,993,000
Number Of Operating Refineries | refinery								5
Number of Operating Segments | segment				2
Capital Expenditures		271,961,000	279,721,000	$ 365,241,000	468,665,000	[3]
Refining Group [Member]
Segment Reporting Information [Line Items]
Revenues		7,440,470,000	5,013,251,000	13,240,071,000	9,763,449,000
Depreciation and amortization expense		82,829,000	56,973,000	159,607,000	110,791,000
Income (loss) from operations	[1]	446,506,000	(101,264,000)	572,219,000	(90,771,000)
Interest expense, net		2,596,000	1,335,000	4,431,000	2,253,000
Assets	[2]	7,744,601,000		7,744,601,000			7,298,049,000
Capital Expenditures		210,930,000	242,655,000	299,227,000	409,871,000	[3]
PBF Logistics LP [Member]
Segment Reporting Information [Line Items]
Assets	[2]	777,756,000		777,756,000			737,550,000
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization expense		2,563,000	6,020,000	5,277,000	7,782,000
Income (loss) from operations	[1]	(54,760,000)	(40,981,000)	(115,996,000)	(83,121,000)
Interest expense, net		30,427,000	31,477,000	61,842,000	59,758,000
Assets	[2]	55,831,000		55,831,000			123,211,000
Capital Expenditures		1,463,000	148,000	2,493,000	2,409,000	[3]
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues		(63,785,000)	(58,355,000)	(124,649,000)	(114,557,000)
Depreciation and amortization expense		0	0	0	0
Income (loss) from operations	[1]	(4,363,000)	(3,820,000)	(8,385,000)	(7,419,000)
Interest expense, net		0	0	0	0
Assets	[2]	(31,473,000)		(31,473,000)			(40,817,000)
Capital Expenditures		0	0	0	0	[3]
Knoxville Terminals Purchase [Member]
Segment Reporting Information [Line Items]
Payments to Acquire Businesses, Gross				58,000,000	0
Toledo Terminal Acquisition [Member]
Segment Reporting Information [Line Items]
Payments to Acquire Businesses, Gross				0	10,097,000
PBF LLC [Member]
Segment Reporting Information [Line Items]
Revenues		7,444,083,000	5,017,225,000	13,246,859,000	9,771,698,000
Depreciation and amortization expense		92,311,000	68,703,000	178,298,000	129,635,000
Income (loss) from operations	[1]	422,704,000	(110,976,000)	518,616,000	(110,145,000)
Interest expense, net		45,482,000	42,456,000	90,643,000	82,017,000
Assets	[2]	8,537,134,000		8,537,134,000			8,038,985,000
Capital Expenditures		271,961,000	279,721,000	365,241,000	468,665,000
PBF LLC [Member] | Refining Group [Member]
Segment Reporting Information [Line Items]
Revenues		7,440,470,000	5,013,251,000	13,240,071,000	9,763,449,000
Depreciation and amortization expense		82,829,000	56,973,000	159,607,000	110,791,000
Income (loss) from operations	[1]	446,506,000	(101,264,000)	572,219,000	(90,771,000)
Interest expense, net		2,596,000	1,335,000	4,431,000	2,253,000
Assets	[2]	7,744,601,000		7,744,601,000			7,298,049,000
Capital Expenditures		210,930,000	242,655,000	299,227,000	409,871,000
PBF LLC [Member] | PBF Logistics LP [Member]
Segment Reporting Information [Line Items]
Revenues		67,398,000	62,329,000	131,437,000	122,806,000
Depreciation and amortization expense		6,919,000	5,710,000	13,414,000	11,062,000
Income (loss) from operations	[1]	34,880,000	35,017,000	70,085,000	71,058,000
Interest expense, net		10,425,000	7,886,000	20,373,000	15,870,000
Assets	[2]	777,756,000		777,756,000			737,550,000
Capital Expenditures		59,568,000	36,918,000	63,521,000	56,385,000
PBF LLC [Member] | Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenues		0	0	0	0
Depreciation and amortization expense		2,563,000	6,020,000	5,277,000	7,782,000
Income (loss) from operations	[1]	(54,319,000)	(40,909,000)	(115,303,000)	(83,013,000)
Interest expense, net		32,461,000	33,235,000	65,839,000	63,894,000
Assets	[2]	46,250,000		46,250,000			44,203,000
Capital Expenditures		1,463,000	148,000	2,493,000	2,409,000
PBF LLC [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues		(63,785,000)	(58,355,000)	(124,649,000)	(114,557,000)
Depreciation and amortization expense		0	0	0	0
Income (loss) from operations	[1]	(4,363,000)	(3,820,000)	(8,385,000)	(7,419,000)
Interest expense, net		0	0	0	0
Assets	[2]	(31,473,000)		(31,473,000)			$ (40,817,000)
Capital Expenditures		$ 0	$ 0	$ 0	$ 0
Torrance Valley Pipeline Company LLC [Member]
Segment Reporting Information [Line Items]
Subsidiary, Consolidation Percentage		100.00%		100.00%
Torrance Valley Pipeline Company LLC [Member] | PBFX [Member]
Segment Reporting Information [Line Items]
Noncontrolling Interest in Variable Interest Entity		$ 0.5		$ 0.5
[1]	(1)The Logistics segment includes 100% of the income from operations of TVPC as TVPC is consolidated by PBFX. PBFX records net income attributable to noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records equity income in investee related to its 50% noncontrolling ownership interest in TVPC. For purposes of the Company’s condensed consolidated financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation.
[2]	(3)The Logistics segment includes 100% of the assets of TVPC as TVPC is consolidated by PBFX. PBFX records a noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records an equity investment in TVPC reflecting its noncontrolling ownership interest. For purposes of the Company’s condensed consolidated PBF Energy financial statements, PBFX’s noncontrolling interest in TVPC and PBF Holding’s equity investment in TVPC eliminate in consolidation.
[3]	(3)The Logistics segment includes 100% of the assets of TVPC as TVPC is consolidated by PBFX. PBFX records a noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records an equity investment in TVPC reflecting its noncontrolling ownership interest. For purposes of the Company’s condensed consolidated PBF Energy financial statements, PBFX’s noncontrolling interest in TVPC and PBF Holding’s equity investment in TVPC eliminate in consolidation.

NET INCOME PER SHARE OF PBF E58

NET INCOME PER SHARE OF PBF ENERGY (Details) - USD ($) $ / shares in Units, $ in Thousands		Jan. 01, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Statutory tax rate		21.00%			26.40%		35.00%
Basic Earnings Per Share:
Net income attributable to PBF Energy			$ 272,153	$ (109,663)	$ 302,519	$ (140,740)
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic			$ 197	$ 269	$ 398	$ 539
Denominator for basic net income per Class A common share-weighted average shares (in shares)			112,875,813	108,779,992	111,853,774	108,770,237
Basic net income attributable to PBF Energy per Class A common share (in usd per share)			$ 2.41	$ (1.01)	$ 2.70	$ (1.30)
Net Income (Loss) Available to Common Stockholders, Basic			$ 271,956	$ (109,932)	$ 302,121	$ (141,279)
Diluted Earnings Per Share:
Plus: Net income attributable to noncontrolling interest			6,108	0	7,396	0
Less: Income tax on net income attributable to noncontrolling interest	[1]		(1,613)	0	(1,953)	0
Numerator for diluted net income per Class A common share	[1]		$ 276,451	$ (109,932)	$ 307,564	$ (141,279)
Denominator for basic net income per Class A common share-weighted average shares (in shares)			112,875,813	108,779,992	111,853,774	108,770,237
Effect of dilutive securities:
Conversion of PBF LLC Series A Units	[1]		1,838,196	0	2,681,980	0
Effect of dilutive securities on common stock equivalents (in shares)	[2]		1,695,264	0	1,214,173	0
Denominator for diluted net income (loss) per Class A common share-adjusted weighted average shares			116,409,273	108,779,992	115,749,927	108,770,237
Diluted net income attributable to PBF Energy per Class A common share (in usd per share)			$ 2.37	$ (1.01)	$ 2.66	$ (1.30)
Series A Units [Member]
Effect of dilutive securities:
Antidilutive common stock excluded from computation of dilutive earnings per share (in shares)				3,828,871		3,835,999
Stock Options [Member]
Effect of dilutive securities:
Antidilutive common stock excluded from computation of dilutive earnings per share (in shares)			12,500	7,278,142	233,250	7,278,142
[1]	(1)The diluted earnings per share calculation generally assumes the conversion of all outstanding PBF LLC Series A Units to Class A common stock of PBF Energy. For the three and six months ended June 30, 2018, respectively, the net income attributable to PBF Energy, used in the numerator of the diluted earnings per share calculation is adjusted to reflect the net income, as well as the corresponding income tax expense (based on a 26.4% estimated annualized statutory corporate tax rate) attributable to the converted units.The potential conversion of 3,828,871 and 3,835,999 PBF LLC Series A Units for the three and six months ended June 30, 2017, respectively, were excluded from the denominator in computing diluted net income per share because including them would have had an antidilutive effect. As the PBF LLC Series A Units were not included, the numerator used in the calculation of diluted net income per share was equal to the numerator used in the calculation of basic net income per share and does not include the net income and related income tax expense associated with the potential conversion of the PBF LLC Series A Units
[2]	Represents an adjustment to weighted-average diluted shares outstanding to assume the full exchange of common stock equivalents, including options and warrants for PBF LLC Series A Units and options for shares of PBF Energy Class A common stock as calculated under the treasury stock method (to the extent the impact of such exchange would not be anti-dilutive). Common stock equivalents exclude the effects of options and warrants to purchase 12,500 and 233,250 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the three and six months ended June 30, 2018, respectively. Common stock equivalents exclude the effects of options and warrants to purchase 7,278,142 and 7,278,142 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the three and six months ended June 30, 2017, respectively.

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)		Aug. 02, 2018	Jul. 16, 2018	Jun. 30, 2018	Jun. 30, 2017	Jul. 30, 2018	May 02, 2018	Dec. 31, 2017	May 14, 2014
Subsequent Event [Line Items]
Long-term Debt, Gross				$ 2,257,513,000				$ 2,220,488,000
Payments to Acquire Property, Plant, and Equipment				115,690,000	$ 220,446,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Shares, New Issues			1,775,750
Stock Issued During Period, Value, New Issues			$ 35,000,000
Subsequent Event [Member] | Class A Common Stock [Member]
Subsequent Event [Line Items]
Dividends declared (in dollars per share)		$ 0.30
Subsequent Event [Member] | PBF Logistics LP [Member]
Subsequent Event [Line Items]
Cash distribution (in dollars per share)		$ 0.4950
East Coast Storage Assets Acquisition [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Payments to Acquire Businesses, Gross			107,000,000
Payments to Acquire Property, Plant, and Equipment			$ 75,000,000
Line of Credit [Member] | Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Long-term line of credit	[1]			350,000,000				350,000,000
Line of Credit Facility, Maximum Borrowing Capacity									$ 360,000,000
Line of Credit [Member] | Revolving Credit Facility [Member] | PBF Logistics LP [Member]
Subsequent Event [Line Items]
Long-term line of credit	[1]			$ 84,000,000				$ 29,700,000
Line of Credit [Member] | Revolving Credit Facility [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity						$ 500,000,000
Line of Credit [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Subsequent Event [Line Items]
Long-term line of credit							$ 3,400,000,000
Accordion Feature [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Subsequent Event [Line Items]
Long-term line of credit							$ 3,500,000,000
[1]	The estimated fair value approximates carrying value, categorized as a Level 2 measurement, as these borrowings bear interest based upon short-term floating market interest rates. As disclosed in Note 7, “Debt” and Note 17, “Subsequent Events”, on July 30, 2018, PBFX entered into the PBFX A&R Revolving Credit Facility, that among other things, extended the maturity date from May 2019 to July 2023. As such, the outstanding balance on the PBFX Revolving Credit Facility as of June 30, 2018 is classified as long-term debt on the condensed consolidated balance sheet.

DEBT (Details)

DEBT (Details) - Revolving Credit Facility [Member] - USD ($)		May 02, 2018	Jun. 30, 2018	Dec. 31, 2017
Accordion Feature [Member] | Maximum [Member]
Long-term line of credit		$ 3,500,000,000
Line of Credit [Member]
Long-term line of credit	[1]		$ 350,000,000	$ 350,000,000
Line of Credit [Member] | Maximum [Member]
Long-term line of credit		$ 3,400,000,000
Fronting fee percentage		0.25%
Base Rate [Member] | Line of Credit [Member] | Maximum [Member]
Basis spread on variable rate		1.00%
Base Rate [Member] | Line of Credit [Member] | Minimum [Member]
Basis spread on variable rate		0.25%
London Interbank Offered Rate (LIBOR) [Member] | Line of Credit [Member] | Maximum [Member]
Basis spread on variable rate		2.00%
London Interbank Offered Rate (LIBOR) [Member] | Line of Credit [Member] | Minimum [Member]
Basis spread on variable rate		1.25%
Company Credit Rating [Member] | Line of Credit [Member] | Maximum [Member]
Basis spread on variable rate		1.75%
Company Credit Rating [Member] | Line of Credit [Member] | Minimum [Member]
Basis spread on variable rate		1.00%
[1]	The estimated fair value approximates carrying value, categorized as a Level 2 measurement, as these borrowings bear interest based upon short-term floating market interest rates. As disclosed in Note 7, “Debt” and Note 17, “Subsequent Events”, on July 30, 2018, PBFX entered into the PBFX A&R Revolving Credit Facility, that among other things, extended the maturity date from May 2019 to July 2023. As such, the outstanding balance on the PBFX Revolving Credit Facility as of June 30, 2018 is classified as long-term debt on the condensed consolidated balance sheet.