PBF Energy 10-Q28 Apr 222022 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares		3 Months Ended
Document and Entity Information - shares		Mar. 31, 2022	Apr. 22, 2022	Dec. 31, 2021
Entity Information [Line Items]
Document Type		10-Q
Document Quarterly Report		true
Document Period End Date		Mar. 31, 2022
Document Transition Report		false
Entity File Number		001-35764
Entity Registrant Name		PBF ENERGY INC.
Entity Incorporation, State or Country Code		DE
Entity Tax Identification Number		45-3763855
Entity Address, Address Line One		One Sylvan Way, Second Floor
Entity Address, City or Town		Parsippany
Entity Address, State or Province		NJ
Entity Address, Postal Zip Code		07054
City Area Code		973
Local Phone Number		455-7500
Title of 12(b) Security		Common Stock
Trading Symbol		PBF
Security Exchange Name		NYSE
Entity Current Reporting Status		Yes
Entity Interactive Data Current		Yes
Entity Filer Category		Large Accelerated Filer
Entity Small Business		false
Entity Emerging Growth Company		false
Entity Shell Company		false
Ownership Percentage of Equity Held	[1]	100.00%		100.00%
Entity Central Index Key		0001534504
Amendment Flag		false
Document Fiscal Period Focus		Q1
Document Fiscal Year Focus		2022
Current Fiscal Year End Date		--12-31
Class A Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)			120,827,502
Class A Common Stock [Member] \| PBF Energy [Member]
Entity Information [Line Items]
Ownership Percentage of Equity Held		99.20%		99.20%
Class B common stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)			15
PBF LLC [Member]
Entity Information [Line Items]
Entity File Number		333-206728-02
Entity Registrant Name		PBF Energy Co LLC
Entity Incorporation, State or Country Code		DE
Entity Tax Identification Number		61-1622166
Entity Current Reporting Status		Yes
Entity Interactive Data Current		Yes
Entity Filer Category		Non-accelerated Filer
Entity Small Business		false
Entity Emerging Growth Company		false
Entity Shell Company		false
Entity Central Index Key		0001645026
PBF LLC [Member] \| Class A Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)			0

[1]	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.

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,434.6	$ 1,341.5
Accounts receivable	1,815.1	1,277.6
Inventories	2,893.5	2,505.1
Prepaid and other current assets	236.4	75
Total current assets	6,379.6	5,199.2
Property, plant and equipment, net	4,955.2	4,902.2
Lease right of use assets	719.7	717.1
Deferred charges and other assets, net	893.8	822.9
Total assets	12,948.3	11,641.4
Current liabilities:
Accounts payable	1,625.1	911.7
Accrued expenses	3,304.2	2,740.4
Deferred revenue	56	42.7
Current operating lease liabilities	70.5	64.9
Current debt	29.9	0
Total current liabilities	5,085.7	3,759.7
Long-term debt	4,248.7	4,295.8
Payable to related parties pursuant to Tax Receivable Agreement	67.6	48.3
Deferred tax liabilities	105.6	111.4
Long-term operating lease liabilities	572.5	570.4
Long-term financing lease liabilities	66.7	70.6
Other long-term liabilities	275.4	252.4
Total liabilities	10,422.2	9,108.6
Commitments and contingencies (Note 8)
Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares outstanding at March 31, 2022 and December 31, 2021	0	0
Treasury stock, at cost	(170.2)	(169.1)
Additional paid in capital	2,882	2,874
Retained earnings (accumulated deficit)	(817.2)	(796.1)
Accumulated other comprehensive income	16.3	17.3
Total PBF Energy Inc. equity	1,911	1,926.2
Noncontrolling interest	615.1	606.6
Total equity	2,526.1	2,532.8
Total liabilities and equity	12,948.3	11,641.4
Class A Common Stock [Member]
Current liabilities:
Common stock, value, issued	0.1	0.1
Class B common stock [Member]
Current liabilities:
Common stock, value, issued	$ 0	$ 0

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Cash and cash equivalents	$ 1,434.6	$ 1,341.5
Property, plant and equipment, net	4,955.2	4,902.2
Long-term debt	$ 4,248.7	$ 4,295.8
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized (in shares)	100,000,000	100,000,000
Preferred Stock, Shares Outstanding (in shares)	0	0
Treasury stock, shares (in shares)	6,731,747	6,676,809
Class A Common Stock [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Common Stock, Shares Authorized (in shares)	1,000,000,000	1,000,000,000
Common Stock, Shares, Outstanding (in shares)	120,617,648	120,319,577
Class B common stock [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Common Stock, Shares Authorized (in shares)	1,000,000	1,000,000
Common Stock, Shares, Outstanding (in shares)	15	15
Variable Interest Entity, Primary Beneficiary, PBF Logistics LP
Cash and cash equivalents	$ 53.3	$ 33.9
Property, plant and equipment, net	779.4	787.3
Long-term debt	598	622.5
PBF LLC [Member]
Cash and cash equivalents	1,434.6	1,339.8
Property, plant and equipment, net	4,955.2	4,902.2
Long-term debt	$ 4,248.7	$ 4,295.8
PBF LLC [Member] \| Series B Units [Member]
Common Unit, Outstanding	1,000,000	1,000,000
Units Issued (in shares)	1,000,000	1,000,000
PBF LLC [Member] \| Series A Units [Member]
Common Unit, Outstanding	927,990	927,990
Units Issued (in shares)	927,990	927,990
PBF LLC [Member] \| Series C Units [Member]
Common Unit, Outstanding	120,638,879	120,340,808
Units Issued (in shares)	120,638,879	120,340,808

Consolidated Balance Sheets PBF

Consolidated Balance Sheets PBF LLC BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,434.6	$ 1,341.5
Accounts receivable	1,815.1	1,277.6
Inventories	2,893.5	2,505.1
Prepaid and other current assets	236.4	75
Total current assets	6,379.6	5,199.2
Property, plant and equipment, net	4,955.2	4,902.2
Lease right of use assets	719.7	717.1
Deferred charges and other assets, net	893.8	822.9
Total assets	12,948.3	11,641.4
Current liabilities:
Accounts payable	1,625.1	911.7
Accrued expenses	3,304.2	2,740.4
Deferred revenue	56	42.7
Current operating lease liabilities	70.5	64.9
Current debt	29.9	0
Total current liabilities	5,085.7	3,759.7
Long-term debt	4,248.7	4,295.8
Deferred tax liabilities	105.6	111.4
Long-term operating lease liabilities	572.5	570.4
Long-term financing lease liabilities	66.7	70.6
Other long-term liabilities	275.4	252.4
Total liabilities	10,422.2	9,108.6
Commitments and contingencies (Note 8)
Members' Equity [Abstract]
Treasury stock, at cost	(170.2)	(169.1)
Retained earnings (accumulated deficit)	(817.2)	(796.1)
Accumulated other comprehensive income	16.3	17.3
Total PBF Energy Inc. equity	1,911	1,926.2
Noncontrolling interest	615.1	606.6
Total equity	2,526.1	2,532.8
Total liabilities and equity	12,948.3	11,641.4
PBF LLC [Member]
Current assets:
Cash and cash equivalents	1,434.6	1,339.8
Accounts receivable	1,815.1	1,277.6
Inventories	2,893.5	2,505.1
Prepaid and other current assets	236.4	75
Total current assets	6,379.6	5,197.5
Property, plant and equipment, net	4,955.2	4,902.2
Lease right of use assets	719.7	717.1
Deferred charges and other assets, net	893.8	822.9
Total assets	12,948.3	11,639.7
Current liabilities:
Accounts payable	1,625.1	911.7
Accrued expenses	3,357.7	2,792.6
Deferred revenue	56	42.7
Current operating lease liabilities	70.5	64.9
Current debt	29.9	0
Total current liabilities	5,139.2	3,811.9
Long-term debt	4,248.7	4,295.8
Affiliate note payable	379.7	375.2
Deferred tax liabilities	16.1	24.2
Long-term operating lease liabilities	572.5	570.4
Long-term financing lease liabilities	66.7	70.6
Other long-term liabilities	275.4	252.4
Total liabilities	10,698.3	9,400.5
Commitments and contingencies (Note 8)
Members' Equity [Abstract]
Treasury stock, at cost	(170.2)	(169.1)
Retained earnings (accumulated deficit)	(392.9)	(390.9)
Accumulated other comprehensive income	19.3	20.3
Total PBF Energy Inc. equity	1,725.2	1,722.9
Noncontrolling interest	519.7	511.2
Total equity	2,244.9	2,234.1
Total liabilities and equity	12,948.3	11,639.7
PBF LLC [Member] \| Series B Units [Member]
Temporary Equity [Abstract]
Series B Units, 1,000,000 issued and outstanding, no par or stated value	5.1	5.1
PBF LLC [Member] \| Series A Units [Member]
Members' Equity [Abstract]
Common unit, issuance value	17.6	17.6
PBF LLC [Member] \| Series C Units [Member]
Members' Equity [Abstract]
Common unit, issuance value	$ 2,251.4	$ 2,245

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenues		$ 9,141.7	$ 4,924.8
Cost and expenses:
Cost of products and other		8,206.2	4,191
Operating expenses (excluding depreciation and amortization expense as reflected below)		620.4	481.3
Depreciation and amortization expense		118.3	114.1
Cost of sales		8,944.9	4,786.4
General and administrative expenses (excluding depreciation and amortization expense as reflected below)		53.5	47.8
Depreciation and amortization expense		1.9	3.4
Change in fair value of contingent consideration		50.3	30.1
Loss (gain) on sale of assets		0.1	(0.6)
Total cost and expenses		9,050.7	4,867.1
Income from operations		91	57.7
Other income (expense):
Interest expense, net		(78.4)	(80.3)
Change in Tax Receivable Agreement liability		(19.3)	0
Change in fair value of catalyst obligations		(4.9)	(10)
Other non-service components of net periodic benefit cost		2.2	2
Income (loss) before income taxes		(9.4)	(30.6)
Income tax benefit		(6.1)	(8.4)
Net income (loss)		(3.3)	(22.2)
Less: net income attributable to noncontrolling interests		17.8	19.1
Net income (loss) attributable to PBF Energy Inc. stockholders		$ (21.1)	$ (41.3)
Weighted-average shares of Class A common stock outstanding
Basic (in shares)	[1]	120,339,041	119,926,267
Diluted (in shares)		120,339,041	120,905,716
Net income (loss) available to Class A common stock per share:
Basic (in dollars per share)		$ (0.18)	$ (0.34)
Diluted (in dollars per share)		$ (0.18)	$ (0.34)

[1]	The diluted earnings per share calculation generally assumes the conversion of all outstanding PBF LLC Series A Units to PBF Energy Class A common stock. The net income (loss) attributable to PBF Energy used in the numerator of the diluted earnings per share calculation is adjusted to reflect the net income (loss), as well as the corresponding income tax expense (benefit) (based on a 25.9% and a 26.6% estimated annualized statutory corporate tax rate for the three months ended March 31, 2022 and March 31, 2021, respectively), attributable to the converted units.

Consolidated Statements of Oper

Consolidated Statements of Operations PBF LLC STATEMENT OF OPERATIONS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenues	$ 9,141.7	$ 4,924.8
Cost and expenses:
Cost of products and other	8,206.2	4,191
Operating expenses (excluding depreciation and amortization expense as reflected below)	620.4	481.3
Depreciation and amortization expense	118.3	114.1
Cost of sales	8,944.9	4,786.4
General and administrative expenses (excluding depreciation and amortization expense as reflected below)	53.5	47.8
Depreciation and amortization expense	1.9	3.4
Change in fair value of contingent consideration	50.3	30.1
Loss (gain) on sale of assets	0.1	(0.6)
Total cost and expenses	9,050.7	4,867.1
Income from operations	91	57.7
Other Income and Expenses [Abstract]
Interest expense, net	(78.4)	(80.3)
Change in fair value of catalyst obligations	(4.9)	(10)
Other non-service components of net periodic benefit cost	2.2	2
Income (loss) before income taxes	(9.4)	(30.6)
Income tax benefit	(6.1)	(8.4)
Net income (loss)	(3.3)	(22.2)
Less: net income attributable to noncontrolling interests	17.8	19.1
Net income (loss) attributable to PBF Energy Inc. stockholders	(21.1)	(41.3)
PBF LLC [Member]
Income Statement [Abstract]
Revenues	9,141.7	4,924.8
Cost and expenses:
Cost of products and other	8,206.2	4,191
Operating expenses (excluding depreciation and amortization expense as reflected below)	620.4	481.3
Depreciation and amortization expense	118.3	114.1
Cost of sales	8,944.9	4,786.4
General and administrative expenses (excluding depreciation and amortization expense as reflected below)	53.1	47.5
Depreciation and amortization expense	1.9	3.4
Change in fair value of contingent consideration	50.3	30.1
Loss (gain) on sale of assets	0.1	(0.6)
Total cost and expenses	9,050.3	4,866.8
Income from operations	91.4	58
Other Income and Expenses [Abstract]
Interest expense, net	(81)	(82.9)
Change in fair value of catalyst obligations	(4.9)	(10)
Other non-service components of net periodic benefit cost	2.2	2
Income (loss) before income taxes	7.7	(32.9)
Income tax benefit	(8.1)	(10.6)
Net income (loss)	15.8	(22.3)
Less: net income attributable to noncontrolling interests	17.8	19.5
Net income (loss) attributable to PBF Energy Inc. stockholders	$ (2)	$ (41.8)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (3.3)	$ (22.2)
Other comprehensive income (loss):
Unrealized loss on available for sale securities	(1.1)	(0.6)
Net gain on pension and other post-retirement benefits	0.1	0.2
Total other comprehensive income (loss)	(1)	(0.4)
Comprehensive income (loss)	(4.3)	(22.6)
Less: comprehensive income attributable to noncontrolling interests	17.8	19.1
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ (22.1)	$ (41.7)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income PBF LLC STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (3.3)	$ (22.2)
Other comprehensive income (loss):
Unrealized loss on available for sale securities	(1.1)	(0.6)
Net gain on pension and other post-retirement benefits	0.1	0.2
Total other comprehensive income (loss)	(1)	(0.4)
Comprehensive income (loss)	(4.3)	(22.6)
Less: comprehensive income attributable to noncontrolling interests	17.8	19.1
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(22.1)	(41.7)
PBF LLC [Member]
Statement of Comprehensive Income [Abstract]
Net income (loss)	15.8	(22.3)
Other comprehensive income (loss):
Unrealized loss on available for sale securities	(1.1)	(0.6)
Net gain on pension and other post-retirement benefits	0.1	0.2
Total other comprehensive income (loss)	(1)	(0.4)
Comprehensive income (loss)	14.8	(22.7)
Less: comprehensive income attributable to noncontrolling interests	17.8	19.5
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ (3)	$ (42.2)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Equity Statement - USD ($) $ in Millions	Total	Class A Common Stock [Member]	Class B common stock [Member]	Common Stock [Member]Class A Common Stock [Member]	Common Stock [Member]Class B common stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]
Balance, beginning of period (in shares) at Dec. 31, 2020				120,101,641	16				6,549,449
Balance, beginning of period at Dec. 31, 2020	$ 2,202.3			$ 0.1	$ 0	$ 2,846.2	$ (1,027.1)	$ (9.1)	$ (167.3)	$ 559.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	(22.6)						(41.3)	(0.4)		19.1
Distributions to PBF Logistics LP public unitholders	(10)									(10)
Stock-based compensation expense	6.9					5.9				1
Transactions in connection with stock-based compensation plans (in shares)				106,882
Transactions in connection with stock-based compensation plans	(0.5)					(0.5)
Exchange of Series A Units (in shares)				38,024
Exchange of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock	0					0.2				(0.2)
Treasury stock purchases (in shares)				65,558					(65,558)
Treasury stock purchases	0					0.9			$ (0.9)
Balance, end of period (in shares) at Mar. 31, 2021				120,180,989	16				6,615,007
Balance, end of period at Mar. 31, 2021	2,176.1			$ 0.1	$ 0	2,852.7	(1,068.4)	(9.5)	$ (168.2)	569.4
Balance, beginning of period (in shares) at Dec. 31, 2021		120,319,577	15	120,319,577	15				6,676,809
Balance, beginning of period at Dec. 31, 2021	2,532.8			$ 0.1	$ 0	2,874	(796.1)	17.3	$ (169.1)	606.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	(4.3)						(21.1)	(1)		17.8
Distributions to PBF Logistics LP public unitholders	(10)									(10)
Stock-based compensation expense	7.3					6.6				0.7
Transactions in connection with stock-based compensation plans (in shares)				341,765
Transactions in connection with stock-based compensation plans	0.6					0.6
Effects of exchanges of PBF LLC Series A Units on deferred tax assets and liabilities and tax receivable agreement obligation	(0.3)					(0.3)
Exchange of Series A Units (in shares)				11,244
Treasury stock purchases (in shares)				54,938					(54,938)
Treasury stock purchases	0					1.1			$ (1.1)
Balance, end of period (in shares) at Mar. 31, 2022		120,617,648	15	120,617,648	15				6,731,747
Balance, end of period at Mar. 31, 2022	$ 2,526.1			$ 0.1	$ 0	$ 2,882	$ (817.2)	$ 16.3	$ (170.2)	$ 615.1

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity PBF LLC STATEMENT OF CHANGES IN EQUITY - USD ($) $ in Millions	Total	PBF LLC [Member]	AOCI Attributable to Parent [Member]	AOCI Attributable to Parent [Member]PBF LLC [Member]	Retained Earnings [Member]	Retained Earnings [Member]PBF LLC [Member]	Noncontrolling Interest [Member]	Noncontrolling Interest [Member]PBF LLC [Member]	Treasury Stock [Member]	Treasury Stock [Member]PBF LLC [Member]	Series A Units [Member]Common Stock [Member]PBF LLC [Member]	Series C Units [Member]Common Stock [Member]PBF LLC [Member]
Balance, beginning of period (in shares) at Dec. 31, 2020									6,549,449		970,647	120,122,872
Balance, beginning of period at Dec. 31, 2020	$ 2,202.3	$ 1,840.1	$ (9.1)	$ (6.1)	$ (1,027.1)	$ (690.5)	$ 559.5	$ 466.1	$ (167.3)	$ (167.3)	$ 17.6	$ 2,220.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	(22.6)	(22.7)	(0.4)	(0.4)	(41.3)	(41.8)	19.1	19.5
Exchange of Series A Units (in shares)											(38,024)	38,024
Exchange of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock	0	0					(0.2)				$ (0.2)	$ 0.2
Distribution To Unitholders		(10)						(10)
Stock-based compensation expense	6.9	6.9					1	1				$ 5.9
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture											61,324	106,882
Transactions in connection with stock-based compensation plans	(0.5)	(0.5)									$ 0.3	$ (0.8)
Treasury stock purchases (in shares)									(65,558)			(65,558)
Treasury stock purchases	0	0							$ (0.9)	(0.9)		$ 0.9
Balance, end of period (in shares) at Mar. 31, 2021									6,615,007		993,947	120,202,220
Balance, end of period at Mar. 31, 2021	2,176.1	1,813.8	(9.5)	(6.5)	(1,068.4)	(732.3)	569.4	476.6	$ (168.2)	(168.2)	$ 17.7	$ 2,226.5
Balance, beginning of period (in shares) at Dec. 31, 2021									6,676,809		927,990	120,340,808
Balance, beginning of period at Dec. 31, 2021	2,532.8	2,234.1	17.3	20.3	(796.1)	(390.9)	606.6	511.2	$ (169.1)	(169.1)	$ 17.6	$ 2,245
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	(4.3)	14.8	(1)	(1)	(21.1)	(2)	17.8	17.8
Exchange of Series A Units (in shares)											(11,244)	11,244
Distribution To Unitholders		(10)						(10)
Stock-based compensation expense	7.3	7.3					0.7	0.7				$ 6.6
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture											11,244	341,765
Transactions in connection with stock-based compensation plans	0.6	(1.3)										$ (1.3)
Treasury stock purchases (in shares)									(54,938)			(54,938)
Treasury stock purchases	0	0							$ (1.1)	(1.1)		$ 1.1
Balance, end of period (in shares) at Mar. 31, 2022									6,731,747		927,990	120,638,879
Balance, end of period at Mar. 31, 2022	$ 2,526.1	$ 2,244.9	$ 16.3	$ 19.3	$ (817.2)	$ (392.9)	$ 615.1	$ 519.7	$ (170.2)	$ (170.2)	$ 17.6	$ 2,251.4

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ (3.3)	$ (22.2)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	124.6	121.7
Stock-based compensation	7.7	7.4
Change in fair value of catalyst obligations	4.9	10
Deferred income taxes	(6.1)	(7.7)
Change in Tax Receivable Agreement liability	19.3	0
Non-cash change in inventory repurchase obligations	(40.7)	8
Non-cash lower of cost or market inventory adjustment	0	(405.6)
Change in fair value of contingent consideration	50.3	30.1
Pension and other post-retirement benefit costs	11.9	12.8
Loss (gain) on sale of assets	0.1	(0.6)
Changes in operating assets and liabilities:
Accounts receivable	(537.5)	(350.6)
Inventories	(388.4)	(220.6)
Prepaid and other current assets	(161.1)	(78.9)
Accounts payable	683.8	293
Accrued expenses	545.7	638
Deferred revenue	13.2	(25.5)
Other assets and liabilities	(12.1)	(23)
Net cash provided by (used in) operating activities	312.3	(13.7)
Cash flows from investing activities:
Expenditures for property, plant and equipment	(118.3)	(37.4)
Expenditures for deferred turnaround costs	(82.2)	(16.8)
Expenditures for other assets	(25)	(6.3)
Net cash used in investing activities	(225.5)	(60.5)
Cash flows from financing activities:
Distributions to PBFX public unitholders	(9.8)	(9.7)
Payments on financing leases	(3)	(3.5)
Proceeds from insurance premium financing	47.3	48.9
Payments of contingent consideration	(2.6)	(12.2)
Deferred financing costs and other	(0.6)	(0.8)
Net cash provided by financing activities	6.3	5.9
Net change in cash and cash equivalents	93.1	(68.3)
Cash and cash equivalents, beginning of period	1,341.5	1,609.5
Cash and cash equivalents, end of period	1,434.6	1,541.2
Non-cash activities:
Accrued and unpaid capital expenditures	120.6	45.4
Assets acquired or remeasured under operating and financing leases	24.5	(152.8)
Cash paid during the period for:
Interest, net of capitalized interest	34.6	41.2
Capitalized interest	4.2	2.2
Income taxes	0.1	1.9
PBFX Revolving Credit Facility [Member]
Cash flows from financing activities:
Repayments of PBFX revolver borrowings	(25)	(15)
Rail Term Loan [Member]
Cash flows from financing activities:
Repayments of debt	$ 0	$ (1.8)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows PBF LLC STATEMENT OF CASH FLOW - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ (3.3)	$ (22.2)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	124.6	121.7
Stock-based compensation	7.7	7.4
Change in fair value of catalyst obligations	4.9	10
Deferred income tax benefit	(6.1)	(7.7)
Non-cash change in inventory repurchase obligations	(40.7)	8
Non-cash lower of cost or market inventory adjustment	0	(405.6)
Change in fair value of contingent consideration	50.3	30.1
Pension and other post-retirement benefit costs	11.9	12.8
Loss (gain) on sale of assets	0.1	(0.6)
Changes in operating assets and liabilities:
Accounts receivable	(537.5)	(350.6)
Inventories	(388.4)	(220.6)
Prepaid and other current assets	(161.1)	(78.9)
Accounts payable	683.8	293
Accrued expenses	545.7	638
Deferred revenue	13.2	(25.5)
Other assets and liabilities	(12.1)	(23)
Net cash provided by (used in) operating activities	312.3	(13.7)
Cash flows from investing activities:
Expenditures for property, plant and equipment	(118.3)	(37.4)
Expenditures for deferred turnaround costs	(82.2)	(16.8)
Expenditures for other assets	(25)	(6.3)
Net cash used in investing activities	(225.5)	(60.5)
Cash flows from financing activities:
Distributions to PBFX public unitholders	(9.8)	(9.7)
Payments of contingent consideration	(2.6)	(12.2)
Payments on financing leases	(3)	(3.5)
Proceeds from insurance premium financing	47.3	48.9
Proceeds from (Payments for) Other Financing Activities	(0.6)	(0.8)
Net cash provided by financing activities	6.3	5.9
Net change in cash and cash equivalents	93.1	(68.3)
Cash and cash equivalents, beginning of period	1,341.5	1,609.5
Cash and cash equivalents, end of period	1,434.6	1,541.2
Non-cash activities:
Accrued and unpaid capital expenditures	120.6	45.4
Supplemental non-cash changes to lease liabilities from obtaining or remeasuring right of use assets	24.5	(152.8)
Cash paid during the period for:
Interest, net of capitalized interest	34.6	41.2
Capitalized interest	4.2	2.2
Income taxes	0.1	1.9
PBFX Revolving Credit Facility [Member]
Cash flows from financing activities:
Repayments of PBFX revolver borrowings	(25)	(15)
Rail Term Loan [Member]
Cash flows from financing activities:
Repayments of PBF Rail Term Loan	0	(1.8)
PBF LLC [Member]
Cash flows from operating activities:
Net income (loss)	15.8	(22.3)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	124.6	121.7
Stock-based compensation	7.7	7.4
Change in fair value of catalyst obligations	4.9	10
Deferred income tax benefit	(8.1)	(9.4)
Non-cash change in inventory repurchase obligations	(40.7)	8
Non-cash lower of cost or market inventory adjustment	0	(405.6)
Change in fair value of contingent consideration	50.3	30.1
Pension and other post-retirement benefit costs	11.9	12.8
Loss (gain) on sale of assets	0.1	(0.6)
Changes in operating assets and liabilities:
Accounts receivable	(537.5)	(350.6)
Inventories	(388.4)	(220.6)
Prepaid and other current assets	(161.1)	(78.9)
Accounts payable	683.8	292.4
Accrued expenses	547	642.2
Deferred revenue	13.2	(25.5)
Other assets and liabilities	(12.1)	(23)
Net cash provided by (used in) operating activities	311.4	(11.9)
Cash flows from investing activities:
Expenditures for property, plant and equipment	(118.3)	(37.4)
Expenditures for deferred turnaround costs	(82.2)	(16.8)
Expenditures for other assets	(25)	(6.3)
Net cash used in investing activities	(225.5)	(60.5)
Cash flows from financing activities:
Distributions to PBFX public unitholders	(9.8)	(9.7)
Payments of contingent consideration	(2.6)	(12.2)
Payments on financing leases	(3)	(3.5)
Proceeds from insurance premium financing	47.3	48.9
Affiliate note payable with PBF Energy Inc.	4.5	0
Proceeds from (Payments for) Other Financing Activities	(2.5)	(0.8)
Net cash provided by financing activities	8.9	5.9
Net change in cash and cash equivalents	94.8	(66.5)
Cash and cash equivalents, beginning of period	1,339.8	1,607.3
Cash and cash equivalents, end of period	1,434.6	1,540.8
Non-cash activities:
Accrued and unpaid capital expenditures	120.6	45.4
Supplemental non-cash changes to lease liabilities from obtaining or remeasuring right of use assets	24.5	(152.8)
Cash paid during the period for:
Interest, net of capitalized interest	34.6	41.2
Capitalized interest	4.2	2.2
Income taxes	0.1	0.1
PBF LLC [Member] \| PBFX Revolving Credit Facility [Member]
Cash flows from financing activities:
Repayments of PBFX revolver borrowings	(25)	(15)
PBF LLC [Member] \| Rail Term Loan [Member]
Cash flows from financing activities:
Repayments of PBF Rail Term Loan	$ 0	$ (1.8)

DESCRIPTION OF THE BUSINESS AND

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	3 Months Ended
DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION Description of the Business PBF Energy Inc. (“PBF Energy”) is the sole managing member of PBF Energy Company LLC (“PBF LLC”), which has 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 Condensed Consolidated Financial Statements representing the economic interests of PBF LLC’s members other than PBF Energy (refer to “Note 9 - Equity”). PBF Energy holds a 99.2% economic interest in PBF LLC as of March 31, 2022 through its ownership of PBF LLC Series C Units, which are held solely by PBF Energy. Holders of PBF LLC Series A Units, which are held by parties other than PBF Energy (“the members of PBF LLC other than PBF Energy”), hold the remaining 0.8% economic interest in PBF LLC. The amended and restated limited liability company agreement of PBF LLC provides that any PBF LLC Series A Units acquired by PBF Energy will automatically be reclassified as PBF LLC Series C Units in connection with such acquisition. PBF LLC, together with its consolidated subsidiaries, owns and operates oil refineries and related facilities in North America. As of March 31, 2022, PBF LLC also held a 47.9% limited partner interest in PBF Logistics LP (“PBFX”), a publicly-traded master limited partnership (“MLP”) (refer to “Note 2 - PBF Logistics LP”). 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 unitholders other than PBF LLC (refer to “Note 9 - Equity”). Collectively, PBF Energy and its consolidated subsidiaries, are referred to hereinafter as the “Company” unless the context otherwise requires. 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. 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 and PBF LLC financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2021. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results to be expected for the full year. Recently Adopted Accounting Guidance In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the effects of reference rate reform on financial reporting”. The amendments in this ASU provide optional guidance to alleviate the burden in accounting for reference rate reform, by allowing certain expedients and exceptions in applying GAAP to contracts, hedging relationships and other transactions affected by the expected market transition from London Interbank Offered Rate and other interbank rates. The Company’s adoption of this guidance did not have, and is not anticipated to have, a material impact on its Consolidated Financial Statements and related disclosures.

PBF LOGISITICS LP

PBF LOGISITICS LP	3 Months Ended
PBF LOGISITICS LP	Mar. 31, 2022
PBF LOGISTICS LP [Abstract]
PBF LOGISTICS LP	PBF LOGISTICS LP PBFX is a fee-based, growth-oriented, publicly traded MLP that owns and operates crude oil and refined products terminals, pipelines, storage facilities and similar logistics assets. PBFX engages in the processing of crude oil and 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 March 31, 2022, a substantial majority of PBFX’s revenues are 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 Logistics GP LLC (“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. With respect to distributions paid during the three months ended March 31, 2022, PBFX paid a distribution on outstanding common units of $0.30 per unit on March 10, 2022 of which $9.0 million was distributed to PBF LLC and the balance was distributed to its public unitholders.

CURRENT EXPECTED CREDIT LOSSES

CURRENT EXPECTED CREDIT LOSSES	3 Months Ended
CURRENT EXPECTED CREDIT LOSSES	Mar. 31, 2022
Credit Loss [Abstract]
CURRENT EXPECTED CREDIT LOSSES	CURRENT EXPECTED CREDIT LOSSES Credit Losses The Company has exposure to credit losses primarily through its sales of refined products. The Company evaluates creditworthiness on an individual customer basis. The Company utilizes a financial review model for purposes of evaluating creditworthiness which is based on information from financial statements and credit reports. The financial review model enables the Company to assess the customer’s risk profile and determine credit limits on the basis of their financial strength, including but not limited to, their liquidity, leverage, debt serviceability, longevity and how they pay their bills. The Company may require security in the form of letters of credit or cash payments in advance of product delivery for certain customers that are deemed higher risk. The Company’s payment terms on its trade receivables are relatively short, generally 30 days or less for a substantial majority of its refined products. As a result, the Company’s collection risk is mitigated to a certain extent by the fact that sales are collected in a relatively short period of time, allowing for the ability to reduce exposure on defaults if collection issues are identified. Notwithstanding, the Company reviews each customer’s credit risk profile at least annually or more frequently if warranted. The Company performs a quarterly allowance for doubtful accounts analysis to assess whether an allowance needs to be recorded for any outstanding trade receivables. In estimating credit losses, management reviews accounts that are past due, have known disputes or have experienced any negative credit events that may result in future collectability issues. There was no allowance for doubtful accounts recorded as of March 31, 2022 or December 31, 2021.

INVENTORIES

INVENTORIES	3 Months Ended
INVENTORIES	Mar. 31, 2022
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following: March 31, 2022 (in millions) Titled Inventory Inventory Intermediation Agreement Total Crude oil and feedstocks $ 1,198.2 $ 210.9 $ 1,409.1 Refined products and blendstocks 1,030.3 310.7 1,341.0 Warehouse stock and other 143.4 — 143.4 $ 2,371.9 $ 521.6 $ 2,893.5 Lower of cost or market adjustment — — — Total inventories $ 2,371.9 $ 521.6 $ 2,893.5 December 31, 2021 (in millions) Titled Inventory Inventory Intermediation Agreement Total Crude oil and feedstocks $ 953.5 $ 151.4 $ 1,104.9 Refined products and blendstocks 964.6 293.8 1,258.4 Warehouse stock and other 141.8 — 141.8 $ 2,059.9 $ 445.2 $ 2,505.1 Lower of cost or market adjustment — — — Total inventories $ 2,059.9 $ 445.2 $ 2,505.1 On October 25, 2021, PBF Holding and its subsidiaries, Delaware City Refining Company LLC, Paulsboro Refining Company LLC and Chalmette Refining, L.L.C. (“Chalmette Refining”) (collectively, the “PBF Entities”), entered into a third amended and restated inventory intermediation agreement (the “Third Inventory Intermediation Agreement”) with J. Aron & Company, a subsidiary of The Goldman Sachs Group, Inc. (“J. Aron”), pursuant to which the terms of the existing inventory intermediation agreements were amended and restated in their entirety, including, among other things, pricing and an extension of terms. The Third Inventory Intermediation Agreement extends the term to December 31, 2024, which term may be further extended by mutual consent of the parties to December 31, 2025. Pursuant to the Third Inventory Intermediation Agreement, J. Aron will continue to purchase and hold title to certain inventory, including crude oil, intermediate and certain finished products (the “J. Aron Products”) purchased or produced by the Paulsboro and Delaware City refineries (and, at the election of the PBF Entities, the Chalmette refinery) (the "Refineries") and delivered into storage tanks at the Refineries (the "Storage Tanks"). The J. Aron Products are sold back to the Company as the J. Aron Products are discharged out of the Storage Tanks. These purchases and sales are settled daily, and pricing is trued-up monthly at the market prices related to those J. Aron Products. These transactions are considered to be made in contemplation of each other and, accordingly, do not result in the recognition of a sale when title passes from the Refineries to J. Aron. Additionally, J. Aron has the right to store the J. Aron Products purchased in Storage Tanks under the Third Inventory Intermediation Agreement and will retain these storage rights for the term of the agreement. PBF Holding continues to market and sell the J. Aron Products independently to third parties. At March 31, 2022 the replacement value of inventories exceeded the last-in, first-out carrying value. There was no lower of cost or market (“LCM”) inventory reserve at March 31, 2022 and December 31, 2021.

ACCRUED EXPENSES

ACCRUED EXPENSES	3 Months Ended
ACCRUED EXPENSES	Mar. 31, 2022
Payables and Accruals [Abstract]
ACCRUED EXPENSES	ACCRUED EXPENSES Accrued expenses consisted of the following: PBF Energy (in millions) March 31, 2022 December 31, 2021 Inventory-related accruals $ 1,318.0 $ 959.9 Renewable energy credit and emissions obligations (a) 1,141.0 953.9 Inventory intermediation agreement (b) 268.6 280.1 Excise and sales tax payable 103.5 112.7 Accrued transportation costs 94.7 91.0 Accrued capital expenditures 76.5 62.8 Accrued interest 75.7 37.7 Accrued utilities 64.3 73.0 Accrued refinery maintenance and support costs 41.5 55.8 Accrued salaries and benefits 28.7 59.5 Environmental liabilities 14.7 14.9 Current finance lease liabilities 11.2 11.1 Customer deposits 1.6 3.5 Contingent consideration 0.5 2.9 Other 63.7 21.6 Total accrued expenses $ 3,304.2 $ 2,740.4 PBF LLC (in millions) March 31, 2022 December 31, 2021 Inventory-related accruals $ 1,318.0 $ 959.9 Renewable energy credit and emissions obligations (a) 1,141.0 953.9 Inventory intermediation agreement (b) 268.6 280.1 Accrued interest 126.6 86.0 Excise and sales tax payable 103.5 112.7 Accrued transportation costs 94.7 91.0 Accrued capital expenditures 76.5 62.8 Accrued utilities 64.3 73.0 Accrued refinery maintenance and support costs 41.5 55.8 Accrued salaries and benefits 28.7 59.5 Environmental liabilities 14.7 14.9 Current finance lease liabilities 11.2 11.1 Customer deposits 1.6 3.5 Contingent consideration 0.5 2.9 Other 66.3 25.5 Total accrued expenses $ 3,357.7 $ 2,792.6 ______________________ (a) The Company is subject to obligations to purchase Renewable Identification Numbers (“RINs”) required to comply with the Renewable Fuel Standard. The Company’s overall RINs obligation is based on a percentage of domestic shipments of on-road fuels as established by 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 (“AB 32”), 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. The Company enters into forward purchase commitments in order to acquire its renewable energy and emissions credits at fixed prices. As of March 31, 2022, the Company had entered into $756.2 million of such forward purchase commitments with respect to its total accrued renewable energy and emissions obligations. Final settlement of the Company’s RINs obligation for annual compliance years 2020 through 2022 are subject to final rule making by EPA. Currently, our obligations are anticipated to require settlement in 2023. The Company’s AB 32 liability is part of a triennial period program which will be settled through 2024. (b) The Company has the obligation to repurchase the J. Aron Products that are held in its Storage Tanks in accordance with the Inventory Intermediation Agreement with J. Aron. As of March 31, 2022 and December 31, 2021, a liability is recognized for the Inventory Intermediation Agreement and is recorded at market price for the J. Aron owned inventory held in the Company’s Storage Tanks, with any change in the market price being recorded in Cost of products and other.

CREDIT FACILITIES AND DEBT

CREDIT FACILITIES AND DEBT	3 Months Ended
CREDIT FACILITIES AND DEBT	Mar. 31, 2022
Debt Disclosure [Abstract]
CREDIT FACILITIES AND DEBT	CREDIT FACILITIES AND DEBT Debt outstanding consists of the following: (in millions) March 31, 2022 December 31, 2021 2025 Senior Secured Notes $ 1,250.0 $ 1,250.0 2028 Senior Notes 826.5 826.5 2025 Senior Notes 669.5 669.5 PBFX 2023 Senior Notes 525.0 525.0 Revolving Credit Facility 900.0 900.0 PBFX Revolving Credit Facility 75.0 100.0 Catalyst financing arrangements 63.3 58.4 4,309.3 4,329.4 Less — Current debt (29.9) — Unamortized premium 1.2 1.4 Unamortized deferred financing costs (31.9) (35.0) Long-term debt $ 4,248.7 $ 4,295.8

AFFILIATE NOTE PAYABLE - PBF LL

AFFILIATE NOTE PAYABLE - PBF LLC	3 Months Ended
AFFILIATE NOTE PAYABLE - PBF LLC	Mar. 31, 2022
AFFILIATE NOTE PAYABLE - PBF LLC [Abstract]
AFFILIATE NOTE PAYABLE - PBF LLC	AFFILIATE NOTE PAYABLE - PBF LLCAs of March 31, 2022 and December 31, 2021, PBF LLC had an outstanding note payable with PBF Energy for an aggregate principal amount of $379.7 million and $375.2 million, respectively. The note payable has a maturity date of April 2030, an annual interest rate of 2.5% and may be prepaid in whole or in part at any time, at the option of PBF LLC without penalty or premium.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES In the ordinary conduct of the Company’s business, the Company is from time to time subject to lawsuits, investigations and claims, including class action proceedings, mass tort actions, tort actions, environmental claims and employee-related matters. The outcome of these matters cannot always be predicted accurately, but the Company accrues liabilities for these matters if the Company has determined that it is probable a loss has been incurred and the loss can be reasonably estimated. For such ongoing matters for which we have not recorded a liability but losses are reasonably possible, we are unable to estimate a range of possible losses at this time due to various reasons that may include but are not limited to, matters being in an early stage and not fully developed through pleadings, discovery or court proceedings, number of potential claimants being unknown or uncertainty regarding a number of different factors underlying the potential claims. However, the ultimate resolution of one or more of these contingencies could result in an adverse outcome that may have a material effect on our financial position, results of operations or cash flows. Environmental Matters The Company’s refineries, pipelines and related operations are subject to extensive and frequently changing federal, state and local laws and regulations, including, but not limited to, those relating to the discharge of materials into the environment or that otherwise relate to the protection of the environment (including in response to the potential impacts of climate change), waste management and the characteristics and the compositions of fuels. Compliance with existing and anticipated laws and regulations can increase the overall cost of operating the refineries, including remediation, operating costs and capital costs to construct, maintain and upgrade equipment and facilities. These laws and permits raise potential exposure to future claims and lawsuits involving environmental and safety matters which could include soil and water contamination, air pollution, personal injury and property damage allegedly caused by substances which the Company manufactured, handled, used, released or disposed of, transported, or that relate to pre-existing conditions for which the Company has assumed responsibility. The Company believes that its current operations are in compliance with existing environmental and safety requirements. However, there have been and will continue to be ongoing discussions about environmental and safety matters between the Company and federal and state authorities, including notices of violations, citations and other enforcement actions, some of which have resulted or may result in changes to operating procedures and in capital expenditures. While it is often difficult to quantify future environmental or safety related expenditures, the Company anticipates that continuing capital investments and changes in operating procedures will be required for the foreseeable future to comply with existing and new requirements, as well as evolving interpretations and more strict enforcement of existing laws and regulations. In connection with the acquisition of the Torrance refinery and related logistics assets, the Company assumed certain pre-existing environmental liabilities. The estimated costs related to these remediation obligations totaled $116.5 million as of March 31, 2022 ($118.5 million as of December 31, 2021), and related primarily to remediation obligations to address existing soil and groundwater contamination and the related monitoring and clean-up activities. Costs related to these obligations are reassessed periodically or when changes to our remediation approach are identified. The current portion of the environmental liability is recorded in Accrued expenses and the non-current portion is recorded in Other long-term liabilities. The aggregate environmental liability reflected in the Company’s Condensed Consolidated Balance Sheets was $158.7 million and $157.0 million at March 31, 2022 and December 31, 2021, respectively, of which $144.0 million and $142.1 million, respectively, were classified as Other long-term liabilities. These liabilities include remediation and monitoring costs expected to be incurred over an extended period of time. Estimated liabilities could increase in the future when the results of ongoing investigations become known, are considered probable and can be reasonably estimated. Contingent Consideration In connection with the acquisition of the Martinez refinery and related logistics assets, the sale and purchase agreement dated June 11, 2019 includes an earn-out provision based on certain earnings thresholds of the Martinez refinery. Pursuant to the agreement, the Company will make payments to the Seller based on future earnings at the Martinez refinery in excess of certain thresholds, as defined in the agreement, for a period of up to four years following the acquisition closing date (the “Martinez Contingent Consideration”). The Company recorded the acquisition date fair value of the earn-out provision as contingent consideration within “Other long-term liabilities” within the Company’s Condensed Consolidated Balance Sheets. Subsequent changes in the fair value of the Martinez Contingent Consideration are recorded in the Condensed Consolidated Statements of Operations. The fair value of the Martinez Contingent Consideration was estimated to be $79.5 million as of March 31, 2022 and $29.4 million as of December 31, 2021. In connection with the PBFX acquisition of CPI Operations LLC from Crown Point International LLC (“Crown Point”) in October 2018, the purchase and sale agreement between PBFX and Crown Point included an earn-out provision related to an existing commercial agreement with a third-party, based on the future results of certain of the acquired idled assets (the “PBFX Contingent Consideration”). PBFX and Crown Point will share equally in the future operating profits of the restarted assets, as defined in the purchase and sale agreement, over a contractual term of up to three years starting in 2019. The PBFX Contingent Consideration recorded was $0.5 million and $2.9 million as of March 31, 2022 and December 31, 2021, respectively, representing the present value of expected future payments. The short-term PBFX Contingent Consideration is included in “Accrued expenses” within the Company’s Condensed Consolidated Balance Sheets. Tax Receivable Agreement PBF Energy entered into a tax receivable agreement with the PBF LLC Series A and PBF LLC Series B unitholders (the “Tax Receivable Agreement”) that provides for the payment by PBF Energy to such persons of an amount equal to 85% of the amount of the benefits, if any, that PBF Energy is deemed to realize as a result of (i) increases in tax basis, as described below, and (ii) certain other tax benefits related to entering into the Tax Receivable Agreement, including tax benefits attributable to payments under the Tax Receivable Agreement. For purposes of the Tax Receivable Agreement, the benefits deemed realized by PBF Energy will be computed by comparing the actual income tax liability of PBF Energy (calculated with certain assumptions) to the amount of such taxes that PBF Energy would have been required to pay had there been no increase to the tax basis of the assets of PBF LLC as a result of purchases or exchanges of PBF LLC Series A Units for shares of PBF Energy Class A common stock and had PBF Energy not entered into the Tax Receivable Agreement. The term of the Tax Receivable Agreement will continue until all such tax benefits have been utilized or expired unless: (i) PBF Energy exercises its right to terminate the Tax Receivable Agreement, (ii) PBF Energy breaches any of its material obligations under the Tax Receivable Agreement or (iii) certain changes of control occur, in which case all obligations under the Tax Receivable Agreement will generally be accelerated and due as calculated under certain assumptions. The payment obligations under the Tax Receivable Agreement are obligations of PBF Energy and not of 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 99.2% interest in PBF LLC as of March 31, 2022 (99.2% as of December 31, 2021). 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 March 31, 2022 and December 31, 2021, the Company recognized liabilities of $67.6 million and $48.3 million related to the Tax Receivable Agreement obligation, reflecting the estimate of the undiscounted amounts that PBF Energy expects to pay under the agreement, net of the impact of any deferred tax asset valuation allowance recognized in accordance with FASB Accounting Standards Codification (“ASC”) 740, Income Taxes . As future taxable income is recognized, increases in our Tax Receivable Agreement liability may be necessary in conjunction with the revaluation of deferred tax assets. Refer to “Note 12 - Income Taxes” for more details.

EQUITY

EQUITY	3 Months Ended
EQUITY	Mar. 31, 2022
Noncontrolling Interest [Abstract]
EQUITY	EQUITY Noncontrolling Interest in PBF LLC PBF Energy is the sole managing member of, and has a controlling interest in, PBF LLC. As the sole managing member of PBF LLC, PBF Energy operates and controls all of the business and affairs of PBF LLC and its subsidiaries. PBF Energy’s equity interest in PBF LLC was approximately 99.2% as of both March 31, 2022 and December 31, 2021. 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 reflects the portion of net assets of PBF Energy attributable to the members of PBF LLC other than PBF Energy. The noncontrolling interest ownership percentages in PBF LLC as of December 31, 2021 and March 31, 2022 are calculated as follows: Holders of PBF LLC Series A Units Outstanding Shares of PBF Energy Class A Common Stock Total * December 31, 2021 927,990 120,319,577 121,247,567 0.8% 99.2% 100.0% March 31, 2022 927,990 120,617,648 121,545,638 0.8% 99.2% 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 held a 47.9% limited partner interest in PBFX with the remaining 52.1% limited partner interest owned by the public common unitholders as of March 31, 2022. 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 unitholders. 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 unitholders 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 unitholders of PBFX. The noncontrolling interest ownership percentages in PBFX as of December 31, 2021 and March 31, 2022 are calculated as follows: Units of PBFX Held by the Public Units of PBFX Held by PBF LLC Total December 31, 2021 32,621,013 29,953,631 62,574,644 52.1% 47.9% 100.0% March 31, 2022 32,644,224 29,953,631 62,597,855 52.1% 47.9% 100.0% Noncontrolling Interest in PBF Holding In connection with the acquisition of the Chalmette refinery, PBF Holding records 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. In the three months ended March 31, 2022 and March 31, 2021 the Company recorded noncontrolling interest in the (losses) earnings of these subsidiaries of $(1.1) million and $0.2 million, 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 three months ended March 31, 2022 and 2021, respectively: PBF Energy (in millions) PBF Energy Inc. Equity Noncontrolling Noncontrolling Noncontrolling Total Equity Balance at January 1, 2022 $ 1,926.2 $ 95.4 $ 12.2 $ 499.0 $ 2,532.8 Comprehensive income (loss) (22.1) — (1.1) 18.9 (4.3) Dividends and distributions — — — (10.0) (10.0) Effects of exchanges of PBF LLC Series A Units on deferred tax assets and liabilities and Tax Receivable Agreement obligation (0.3) — — — (0.3) Stock-based compensation 6.6 — — 0.7 7.3 Transactions in connection with stock-based compensation plans 0.6 — — — 0.6 Balance at March 31, 2022 $ 1,911.0 $ 95.4 $ 11.1 $ 508.6 $ 2,526.1 PBF Energy (in millions) PBF Energy Inc. Equity Noncontrolling Noncontrolling Noncontrolling Total Equity Balance at January 1, 2021 $ 1,642.8 $ 93.4 $ 10.6 $ 455.5 $ 2,202.3 Comprehensive income (loss) (41.7) (0.4) 0.2 19.3 (22.6) Dividends and distributions — — — (10.0) (10.0) Stock-based compensation 5.9 — — 1.0 6.9 Transactions in connection with stock-based compensation plans (0.5) — — — (0.5) Exchanges of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock 0.2 (0.2) — — — Balance at March 31, 2021 $ 1,606.7 $ 92.8 $ 10.8 $ 465.8 $ 2,176.1 The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF LLC for the three months ended March 31, 2022 and 2021, respectively: PBF LLC (in millions) PBF Energy Company LLC Equity Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2022 $ 1,722.9 $ 12.2 $ 499.0 $ 2,234.1 Comprehensive income (loss) (3.0) (1.1) 18.9 14.8 Dividends and distributions — — (10.0) (10.0) Stock-based compensation 6.6 — 0.7 7.3 Transactions in connection with stock-based compensation plans (1.3) — — (1.3) Balance at March 31, 2022 $ 1,725.2 $ 11.1 $ 508.6 $ 2,244.9 PBF LLC (in millions) PBF Energy Company LLC Equity Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2021 $ 1,374.0 $ 10.6 $ 455.5 $ 1,840.1 Comprehensive income (loss) (42.2) 0.2 19.3 (22.7) Dividends and distributions — — (10.0) (10.0) Stock-based compensation 5.9 — 1.0 6.9 Transactions in connection with stock-based compensation plans (0.5) — — (0.5) Balance at March 31, 2021 $ 1,337.2 $ 10.8 $ 465.8 $ 1,813.8

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	3 Months Ended
EMPLOYEE BENEFIT PLANS	Mar. 31, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [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: (in millions) Three Months Ended March 31, Pension Benefits 2022 2021 Components of net periodic benefit cost: Service cost $ 13.9 $ 14.4 Interest cost 2.0 1.3 Expected return on plan assets (4.4) (3.6) Net periodic benefit cost $ 11.5 $ 12.1 (in millions) Three Months Ended March 31, Post-Retirement Medical Plan 2022 2021 Components of net periodic benefit cost: Service cost $ 0.2 $ 0.4 Interest cost 0.1 0.1 Amortization of prior service cost and actuarial loss 0.1 0.2 Net periodic benefit cost $ 0.4 $ 0.7

REVENUES

REVENUES	3 Months Ended
REVENUES	Mar. 31, 2022
REVENUE [Abstract]
REVENUES	REVENUES As described 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 March 31, (in millions) 2022 2021 Refining Segment: Gasoline and distillates $ 8,037.7 $ 4,230.1 Asphalt and blackoils 458.9 215.4 Feedstocks and other 334.9 212.3 Chemicals 207.0 194.7 Lubricants 89.7 60.7 Total 9,128.2 4,913.2 Logistics Segment: Logistics 89.4 87.5 Total revenues prior to eliminations 9,217.6 5,000.7 Elimination of intercompany revenues (75.9) (75.9) Total Revenues $ 9,141.7 $ 4,924.8 The majority of the Company’s revenues are generated from the sale of refined 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 its performance obligation to its customers is fulfilled. Delivery and transfer of title are specifically agreed to between the Company and customers within the contracts. The 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, Revenue from Contracts with Customers . The Company’s Logistics segment revenues are generated by charging fees for crude oil and refined products terminaling, storage and pipeline services based on the greater of contractual minimum volume commitments, as applicable, or the delivery of actual volumes based on contractual rates applied to throughput or storage volumes. A majority of the Company’s logistics revenues are generated by intercompany transactions and are eliminated in consolidation. Deferred Revenue The Company records deferred revenue when cash payments are received or are due in advance of performance, including amounts which are refundable. Deferred revenue was $56.0 million and $42.7 million as of March 31, 2022 and December 31, 2021, respectively. Fluctuations in the deferred revenue balance are primarily driven by the timing and extent of cash payments received or due in advance of satisfying the Company’s performance obligations. The Company’s payment terms vary by type and location of customers and the products offered. The period between invoicing and when payment is due is not significant (i.e. generally within two months). For certain products or services and customer types, the Company requires payment before the products or services are delivered to the customer.

INCOME TAXES

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES PBF Energy is required to file federal and applicable state corporate income tax returns and recognizes income taxes on its pre-tax income (loss), which to-date has consisted primarily of its share of PBF LLC’s pre-tax income (loss) (approximately 99.2% as of both March 31, 2022 and December 31, 2021). PBF LLC is organized as a limited liability company and PBFX is an MLP, both of which are treated as “flow-through” entities for federal income tax purposes and therefore are not subject to income taxes apart from the income tax attributable to the two subsidiaries acquired in connection with the acquisition of Chalmette Refining and PBF Holding’s wholly-owned Canadian subsidiary, PBF Energy Limited, that are treated as C-Corporations for income tax purposes, with the tax provision calculated based on the effective tax rate for the periods presented. Valuation Allowance Management assesses the available positive and negative evidence to estimate whether sufficient future taxable income will be generated to permit use of existing deferred tax assets. Negative evidence evaluated as part of this assessment includes cumulative losses incurred over a three-year period. Such objective evidence could limit PBF Energy’s ability to consider other subjective evidence, such as PBF Energy’s projections for future taxable income as market conditions, commodity prices and demand for refined products normalize. On the basis of this evaluation, a valuation allowance was recorded to recognize only the portion of deferred tax assets that are more likely than not to be realized. The amount of the deferred tax assets considered realizable, however, could be adjusted if estimates of future taxable income during the carryover period are reduced or increased or if objective negative evidence in the form of cumulative losses is no longer present and additional weight is given to subjective evidence such as PBF Energy’s projections for future taxable income. The income tax provision in the PBF Energy Condensed Consolidated Statements of Operations consists of the following: Three Months Ended March 31, (in millions) 2022 2021 Current income tax benefit $ — $ (0.7) Deferred income tax benefit (6.1) (7.7) Total income tax benefit $ (6.1) $ (8.4) The income tax provision is based on earnings (losses) before taxes attributable to PBF Energy and excludes earnings before taxes attributable to noncontrolling interests as such interests are generally not subject to income taxes except as noted above. PBF Energy’s effective income tax rate for the three months ended March 31, 2022 and March 31, 2021, was 22.4% and 16.9%, respectively. PBF Energy’s effective income tax rate for the three months ended March 31, 2022, including the impact of income attributable to noncontrolling interests of $17.8 million, was 64.9%. PBF Energy’s effective income tax rate for the three months ended March 31, 2021, including the impact of income attributable to noncontrolling interests of $19.1 million, was 27.5%. For the three months ended March 31, 2022, the difference between the United States statutory rate and PBF Energy’s effective tax rate was primarily attributable to the changes in the deferred tax asset valuation allowance. The reported income tax provision in the PBF LLC Condensed Consolidated Statements of Operations consists of the following: Three Months Ended March 31, (in millions) 2022 2021 Current income tax benefit $ — $ (1.2) Deferred income tax benefit (8.1) (9.4) Total income tax benefit $ (8.1) $ (10.6)

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
FAIR VALUE MEASUREMENTS	Mar. 31, 2022
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 March 31, 2022 and December 31, 2021. The Company has elected to offset the fair value amounts recognized for multiple derivative contracts executed with the same counterparty; however, fair value amounts by hierarchy level are presented on a gross basis in the tables below. The Company has 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. The Company has no derivative contracts that are subject to master netting arrangements that are reflected gross on the Condensed Consolidated Balance Sheets. As of March 31, 2022 Fair Value Hierarchy Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet (in millions) Level 1 Level 2 Level 3 Assets: Money market funds $ 90.1 $ — $ — $ 90.1 N/A $ 90.1 Commodity contracts 197.2 — — 197.2 (197.2) — Derivatives included with inventory intermediation agreement obligations — 60.4 — 60.4 — 60.4 Liabilities: Commodity contracts 249.1 — — 249.1 (197.2) 51.9 Catalyst obligations — 63.3 — 63.3 — 63.3 Renewable energy credit and emissions obligations — 1,141.0 — 1,141.0 — 1,141.0 Contingent consideration obligations — — 80.0 80.0 — 80.0 As of December 31, 2021 Fair Value Hierarchy Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet (in millions) Level 1 Level 2 Level 3 Assets: Money market funds $ 270.1 $ — $ — $ 270.1 N/A $ 270.1 Commodity contracts 71.5 — — 71.5 (71.5) — Derivatives included with inventory intermediation agreement obligations — 19.7 — 19.7 — 19.7 Liabilities: Commodity contracts 79.7 3.8 — 83.5 (71.5) 12.0 Catalyst obligations — 58.4 — 58.4 — 58.4 Renewable energy credit and emissions obligations — 953.9 — 953.9 — 953.9 Contingent consideration obligations — — 32.3 32.3 — 32.3 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 derivatives included with inventory intermediation agreement obligations and the catalyst 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. • Renewable energy credit and emissions obligations primarily represent our liability for the purchase of (i) biofuel credits (primarily RINs in the U.S.) needed to satisfy our obligation to blend biofuels into the products we produce and (ii) emission credits under the AB 32 and similar programs (collectively, the cap-and-trade systems). To the degree we are unable to blend biofuels (such as ethanol and biodiesel) at percentages required under the biofuel programs, we must purchase biofuel credits to comply with these programs. Under the cap-and-trade systems, we must purchase emission credits to comply with these systems. The liability for environmental credits is in part based on our deficit for such credits as of the balance sheet date, if any, after considering any credits acquired or under contract, and is equal to the product of the credits deficit and the market price of these credits as of the balance sheet date. The environmental credit obligations are categorized in Level 2 of the fair value hierarchy and are measured at fair value using a market approach based on quoted prices from an independent pricing service. • When applicable, commodity contracts categorized in Level 3 of the fair value hierarchy consist of commodity price swap contracts that relate to forecasted purchases of crude oil for which quoted forward market prices are not readily available due to market illiquidity. The forward prices used to value these swaps are derived using broker quotes, prices from other third-party sources and other available market based data. • The contingent consideration obligations at March 31, 2022 and December 31, 2021 are categorized in Level 3 of the fair value hierarchy and are estimated using discounted cash flow models based on management’s estimate of the future cash flows related to the earn-out periods. 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 March 31, 2022 and December 31, 2021, $19.7 million and $20.7 million, respectively, were included within Deferred charges and other assets, net for these non-qualified pension plan assets. The table below summarizes the changes in fair value measurements categorized in Level 3 of the fair value hierarchy, which primarily includes the change in estimated future earnings related to both the Martinez Contingent Consideration and the PBFX Contingent Consideration: Three Months Ended March 31, (in millions) 2022 2021 Balance at beginning of period $ 32.3 $ 12.1 Additions — — Settlements (2.6) (12.1) Unrealized loss included in earnings 50.3 30.1 Balance at end of period $ 80.0 $ 30.1 There were no transfers between levels during the three months ended March 31, 2022 or the three months ended March 31, 2021. Fair value of debt The table below summarizes the carrying value and fair value of debt as of March 31, 2022 and December 31, 2021. March 31, 2022 December 31, 2021 (in millions) Carrying value Fair Carrying value Fair 2025 Senior Secured Notes (a) $ 1,250.0 $ 1,292.8 $ 1,250.0 $ 1,192.7 2028 Senior Notes (a) 826.5 660.2 826.5 520.9 2025 Senior Notes (a) 669.5 603.4 669.5 475.9 PBFX 2023 Senior Notes (a) 525.0 523.0 525.0 513.7 Revolving Credit Facility (b) 900.0 900.0 900.0 900.0 PBFX Revolving Credit Facility (b) 75.0 75.0 100.0 100.0 Catalyst financing arrangements (c) 63.3 63.3 58.4 58.4 4,309.3 4,117.7 4,329.4 3,761.6 Less - Current debt (29.9) (29.9) — — Unamortized premium 1.2 n/a 1.4 n/a Less - Unamortized deferred financing costs (31.9) n/a (35.0) n/a Long-term debt $ 4,248.7 $ 4,087.8 $ 4,295.8 $ 3,761.6 (a) The estimated fair value, categorized as a Level 2 measurement, was calculated based on the present value of future expected payments utilizing implied current market interest rates based on quoted prices of the outstanding senior notes. (b) The estimated fair value approximates carrying value, categorized as a Level 2 measurement, as these borrowings bear interest based upon short-term floating market interest rates.

DERIVATIVES

DERIVATIVES	3 Months Ended
DERIVATIVES	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVESThe Company uses derivative instruments to mitigate certain exposures to commodity price risk. The Company entered into the Third Inventory Intermediation Agreement that contain purchase obligations for certain volumes of crude oil, intermediates and refined products. The purchase obligations related to crude oil, 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 crude oil, intermediates and refined products. The level of activity for these derivatives is based on the level of operating inventories. As of March 31, 2022 and December 31, 2021, there were 2,714,315 and 2,081,783 barrels of crude oil and feedstocks outstanding under these derivative instruments designated as fair value hedges, respectively. As of March 31, 2022, there were 1,881,877 barrels of intermediates and refined products (2,070,550 barrels at December 31, 2021) 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 March 31, 2022, there were 41,705,000 barrels of crude oil and 2,225,000 barrels of refined products (36,246,000 and 5,819,000, respectively, as of December 31, 2021), outstanding under short and long term commodity derivative contracts not designated as hedges representing the notional value of the contracts. The Company also uses derivative instruments to mitigate the risk associated with the price of credits needed to comply with various governmental and regulatory environmental compliance programs. For such contracts that represent derivatives, the Company elects the normal purchase normal sale exception under ASC 815, Derivatives and Hedging , and therefore does not record them at fair value. The following tables provide information regarding the fair values of derivative instruments as of March 31, 2022 and December 31, 2021, and the line items in the Condensed Consolidated Balance Sheets in which fair values are reflected. Description Balance Sheet Location Fair Value (in millions) Derivatives designated as hedging instruments: March 31, 2022: Derivatives included with the inventory intermediation agreement obligations Accrued expenses $ 60.4 December 31, 2021: Derivatives included with the inventory intermediation agreement obligations Accrued expenses $ 19.7 Derivatives not designated as hedging instruments: March 31, 2022: Commodity contracts Accounts receivable $ (51.9) December 31, 2021: Commodity contracts Accounts receivable $ (12.0) The following table provides information regarding gains or losses recognized in income on 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) (in millions) Derivatives designated as hedging instruments: For the three months ended March 31, 2022: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ 40.7 For the three months ended March 31, 2021: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ (8.0) Derivatives not designated as hedging instruments: For the three months ended March 31, 2022: Commodity contracts Cost of products and other $ (26.9) For the three months ended March 31, 2021: Commodity contracts Cost of products and other $ (14.8) Hedged items designated in fair value hedges: For the three months ended March 31, 2022: Crude oil, intermediate and refined product inventory Cost of products and other $ (40.7) For the three months ended March 31, 2021: Crude oil, intermediate and refined product inventory Cost of products and other $ 8.0 The Company had no ineffectiveness related to the fair value hedges for the three months ended March 31, 2022 or the three months ended March 31, 2021.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
SEGMENT INFORMATION	Mar. 31, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company’s operations are organized into two reportable segments, Refining and Logistics. Operations that are not included in the Refining or Logistics segments are included in Corporate. Intersegment transactions are eliminated in the Condensed Consolidated Financial Statements and are included in the Eliminations column below. Refining The Company’s Refining segment includes the operations of its six refineries, including certain related logistics assets that are not owned by PBFX. The Company’s refineries are located in Delaware City, Delaware, Paulsboro, New Jersey, Toledo, Ohio, Chalmette, Louisiana, Torrance, California and Martinez, California. The refineries produce unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company purchases crude oil, other feedstocks and blending components from various third-party suppliers. The Company sells products throughout the Northeast, Midwest, Gulf Coast and West Coast of the United States, as well as in other regions of the United States, Canada and Mexico, and is able to ship products to other international destinations. Logistics The Company’s Logistics segment is comprised of PBFX, a publicly-traded MLP, formed to own or lease, operate, develop and acquire crude oil and refined products terminals, pipelines, storage facilities and similar logistics assets. PBFX’s assets primarily consist of rail and truck terminals and unloading racks, tank farms and pipelines that were acquired from or contributed by PBF LLC and are located at, or nearby, the Company’s refineries. PBFX provides various rail, truck and marine terminaling services, pipeline transportation services and storage services to PBF Holding and/or its subsidiaries and third-party customers through fee-based commercial agreements. PBFX currently does not generate significant third-party revenues and intersegment related-party revenues are eliminated in consolidation. From a PBF Energy 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 Refining segment’s operating subsidiaries and PBFX are primarily pass-through entities with respect to income taxes. Total assets of each segment consist of property, plant and equipment, inventories, cash and cash equivalents, accounts receivable and other assets directly associated with the segment’s operations. Corporate assets consist primarily of non-operating property, plant and equipment and other assets not directly related to the Company’s refinery and logistics operations. Disclosures regarding the Company’s reportable segments with reconciliations to consolidated totals for the three months ended March 31, 2022 and March 31, 2021 are presented below. In connection with certain contributions by PBF LLC to PBFX, the accompanying segment information is retrospectively adjusted to include the historical results of those assets in the Logistics segment for all periods presented prior to such contributions, as applicable. Three Months Ended March 31, 2022 PBF Energy - (in millions) Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 9,128.2 $ 89.4 $ — $ (75.9) $ 9,141.7 Depreciation and amortization expense 108.8 9.5 1.9 — 120.2 Income (loss) from operations 146.1 46.4 (101.5) — 91.0 Interest expense, net 3.1 10.1 65.2 — 78.4 Capital expenditures 223.1 1.4 1.0 — 225.5 Three Months Ended March 31, 2021 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 4,913.2 $ 87.5 $ — $ (75.9) $ 4,924.8 Depreciation and amortization expense 104.7 9.4 3.4 — 117.5 Income (loss) from operations 85.9 47.9 (76.1) — 57.7 Interest expense, net 1.8 10.7 67.8 — 80.3 Capital expenditures 58.1 1.3 1.1 — 60.5 Balance at March 31, 2022 Refining Logistics Corporate Eliminations Consolidated Total Total assets $ 12,049.8 $ 903.0 $ 47.4 $ (51.9) $ 12,948.3 Balance at December 31, 2021 Refining Logistics Corporate Eliminations Consolidated Total Total assets $ 10,753.3 $ 901.3 $ 48.5 $ (61.7) $ 11,641.4 Three Months Ended March 31, 2022 PBF LLC - (in millions) Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 9,128.2 $ 89.4 $ — $ (75.9) $ 9,141.7 Depreciation and amortization expense 108.8 9.5 1.9 — 120.2 Income (loss) from operations 146.1 46.4 (101.1) — 91.4 Interest expense, net 3.1 10.1 67.8 — 81.0 Capital expenditures 223.1 1.4 1.0 — 225.5 Three Months Ended March 31, 2021 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 4,913.2 $ 87.5 $ — $ (75.9) $ 4,924.8 Depreciation and amortization expense 104.7 9.4 3.4 — 117.5 Income (loss) from operations 85.9 47.9 (75.8) — 58.0 Interest expense, net 1.8 10.7 70.4 — 82.9 Capital expenditures 58.1 1.3 1.1 — 60.5 Balance at March 31, 2022 Refining Logistics Corporate Eliminations Consolidated Total Total assets $ 12,049.8 $ 903.0 $ 47.4 $ (51.9) $ 12,948.3 Balance at December 31, 2021 Refining Logistics Corporate Eliminations Consolidated Total Total assets $ 10,753.3 $ 901.3 $ 46.8 $ (61.7) $ 11,639.7

NET INCOME (LOSS) PER SHARE OF

NET INCOME (LOSS) PER SHARE OF PBF ENERGY	3 Months Ended
NET INCOME (LOSS) PER SHARE OF PBF ENERGY	Mar. 31, 2022
Earnings Per Share [Abstract]
NET INCOME (LOSS) PER SHARE OF PBF ENERGY	NET INCOME (LOSS) 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 (loss) per share of PBF Energy Class A common stock using the two-class method. The following table sets forth the computation of basic and diluted net income (loss) per share of PBF Energy Class A common stock attributable to PBF Energy for the periods presented: (in millions, except share and per share amounts) Three Months Ended March 31, Basic Earnings Per Share: 2022 2021 Allocation of earnings: Net income (loss) attributable to PBF Energy Inc. stockholders $ (21.1) $ (41.3) Less: Income allocated to participating securities — — Income (loss) available to PBF Energy Inc. stockholders - basic $ (21.1) $ (41.3) Denominator for basic net income (loss) per Class A common share - weighted average shares 120,339,041 119,926,267 Basic net income (loss) attributable to PBF Energy per Class A common share $ (0.18) $ (0.34) Diluted Earnings Per Share: Numerator: Income (loss) available to PBF Energy Inc. stockholders - basic $ (21.1) $ (41.3) Plus: Net income (loss) attributable to noncontrolling interest (1) — (0.4) Less: Income tax (expense) benefit on net income (loss) attributable to noncontrolling interest (1) — 0.1 Numerator for diluted net income (loss) per PBF Energy Class A common share - net income (loss) attributable to PBF Energy Inc. stockholders (1) $ (21.1) $ (41.6) Denominator: (1) Denominator for basic net income (loss) per PBF Energy Class A common share-weighted average shares 120,339,041 119,926,267 Effect of dilutive securities: (2) Conversion of PBF LLC Series A Units — 979,449 Denominator for diluted net income (loss) per PBF Energy Class A common share-adjusted weighted average shares 120,339,041 120,905,716 Diluted net income (loss) attributable to PBF Energy Inc. stockholders per PBF Energy Class A common share $ (0.18) $ (0.34) ___________________________________________ (1) The diluted earnings per share calculation generally assumes the conversion of all outstanding PBF LLC Series A Units to PBF Energy Class A common stock. The net income (loss) attributable to PBF Energy used in the numerator of the diluted earnings per share calculation is adjusted to reflect the net income (loss), as well as the corresponding income tax expense (benefit) (based on a 25.9% and a 26.6% estimated annualized statutory corporate tax rate for the three months ended March 31, 2022 and March 31, 2021, respectively), attributable to the converted units.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
SUBSEQUENT EVENTS	Mar. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	. SUBSEQUENT EVENTS PBFX Distributions On April 28, 2022, the Board of Directors of PBF GP announced a distribution of $0.30 per unit on outstanding common units of PBFX. The distribution is payable on May 26, 2022 to PBFX unitholders of record at the close of business on May 12, 2022. Extinguishment of Debt

DESCRIPTION OF THE BUSINESS A_2

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 and PBF LLC financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2021. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results to be expected for the full year.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Guidance In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the effects of reference rate reform on financial reporting”. The amendments in this ASU provide optional guidance to alleviate the burden in accounting for reference rate reform, by allowing certain expedients and exceptions in applying GAAP to contracts, hedging relationships and other transactions affected by the expected market transition from London Interbank Offered Rate and other interbank rates. The Company’s adoption of this guidance did not have, and is not anticipated to have, a material impact on its Consolidated Financial Statements and related disclosures.

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
INVENTORIES (Tables)	Mar. 31, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories consisted of the following: March 31, 2022 (in millions) Titled Inventory Inventory Intermediation Agreement Total Crude oil and feedstocks $ 1,198.2 $ 210.9 $ 1,409.1 Refined products and blendstocks 1,030.3 310.7 1,341.0 Warehouse stock and other 143.4 — 143.4 $ 2,371.9 $ 521.6 $ 2,893.5 Lower of cost or market adjustment — — — Total inventories $ 2,371.9 $ 521.6 $ 2,893.5 December 31, 2021 (in millions) Titled Inventory Inventory Intermediation Agreement Total Crude oil and feedstocks $ 953.5 $ 151.4 $ 1,104.9 Refined products and blendstocks 964.6 293.8 1,258.4 Warehouse stock and other 141.8 — 141.8 $ 2,059.9 $ 445.2 $ 2,505.1 Lower of cost or market adjustment — — — Total inventories $ 2,059.9 $ 445.2 $ 2,505.1

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	3 Months Ended
ACCRUED EXPENSES (Tables)	Mar. 31, 2022
Schedule of accrued expenses	Accrued expenses consisted of the following: PBF Energy (in millions) March 31, 2022 December 31, 2021 Inventory-related accruals $ 1,318.0 $ 959.9 Renewable energy credit and emissions obligations (a) 1,141.0 953.9 Inventory intermediation agreement (b) 268.6 280.1 Excise and sales tax payable 103.5 112.7 Accrued transportation costs 94.7 91.0 Accrued capital expenditures 76.5 62.8 Accrued interest 75.7 37.7 Accrued utilities 64.3 73.0 Accrued refinery maintenance and support costs 41.5 55.8 Accrued salaries and benefits 28.7 59.5 Environmental liabilities 14.7 14.9 Current finance lease liabilities 11.2 11.1 Customer deposits 1.6 3.5 Contingent consideration 0.5 2.9 Other 63.7 21.6 Total accrued expenses $ 3,304.2 $ 2,740.4
PBF LLC [Member]
Schedule of accrued expenses	PBF LLC (in millions) March 31, 2022 December 31, 2021 Inventory-related accruals $ 1,318.0 $ 959.9 Renewable energy credit and emissions obligations (a) 1,141.0 953.9 Inventory intermediation agreement (b) 268.6 280.1 Accrued interest 126.6 86.0 Excise and sales tax payable 103.5 112.7 Accrued transportation costs 94.7 91.0 Accrued capital expenditures 76.5 62.8 Accrued utilities 64.3 73.0 Accrued refinery maintenance and support costs 41.5 55.8 Accrued salaries and benefits 28.7 59.5 Environmental liabilities 14.7 14.9 Current finance lease liabilities 11.2 11.1 Customer deposits 1.6 3.5 Contingent consideration 0.5 2.9 Other 66.3 25.5 Total accrued expenses $ 3,357.7 $ 2,792.6 ______________________ (a) The Company is subject to obligations to purchase Renewable Identification Numbers (“RINs”) required to comply with the Renewable Fuel Standard. The Company’s overall RINs obligation is based on a percentage of domestic shipments of on-road fuels as established by 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 (“AB 32”), 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. The Company enters into forward purchase commitments in order to acquire its renewable energy and emissions credits at fixed prices. As of March 31, 2022, the Company had entered into $756.2 million of such forward purchase commitments with respect to its total accrued renewable energy and emissions obligations. Final settlement of the Company’s RINs obligation for annual compliance years 2020 through 2022 are subject to final rule making by EPA. Currently, our obligations are anticipated to require settlement in 2023. The Company’s AB 32 liability is part of a triennial period program which will be settled through 2024. (b) The Company has the obligation to repurchase the J. Aron Products that are held in its Storage Tanks in accordance with the Inventory Intermediation Agreement with J. Aron. As of March 31, 2022 and December 31, 2021, a liability is recognized for the Inventory Intermediation Agreement and is recorded at market price for the J. Aron owned inventory held in the Company’s Storage Tanks, with any change in the market price being recorded in Cost of products and other.

CREDIT FACILITIES AND DEBT (Tab

CREDIT FACILITIES AND DEBT (Tables)	3 Months Ended
CREDIT FACILITIES AND DEBT (Tables)	Mar. 31, 2022
Debt Disclosure [Abstract]
Summary of long-term debt outstanding	Debt outstanding consists of the following: (in millions) March 31, 2022 December 31, 2021 2025 Senior Secured Notes $ 1,250.0 $ 1,250.0 2028 Senior Notes 826.5 826.5 2025 Senior Notes 669.5 669.5 PBFX 2023 Senior Notes 525.0 525.0 Revolving Credit Facility 900.0 900.0 PBFX Revolving Credit Facility 75.0 100.0 Catalyst financing arrangements 63.3 58.4 4,309.3 4,329.4 Less — Current debt (29.9) — Unamortized premium 1.2 1.4 Unamortized deferred financing costs (31.9) (35.0) Long-term debt $ 4,248.7 $ 4,295.8

EQUITY (Tables)

EQUITY (Tables)	3 Months Ended
EQUITY (Tables)	Mar. 31, 2022
Noncontrolling Interest [Line Items]
Schedule of Stockholders Equity	The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF Energy for the three months ended March 31, 2022 and 2021, respectively: PBF Energy (in millions) PBF Energy Inc. Equity Noncontrolling Noncontrolling Noncontrolling Total Equity Balance at January 1, 2022 $ 1,926.2 $ 95.4 $ 12.2 $ 499.0 $ 2,532.8 Comprehensive income (loss) (22.1) — (1.1) 18.9 (4.3) Dividends and distributions — — — (10.0) (10.0) Effects of exchanges of PBF LLC Series A Units on deferred tax assets and liabilities and Tax Receivable Agreement obligation (0.3) — — — (0.3) Stock-based compensation 6.6 — — 0.7 7.3 Transactions in connection with stock-based compensation plans 0.6 — — — 0.6 Balance at March 31, 2022 $ 1,911.0 $ 95.4 $ 11.1 $ 508.6 $ 2,526.1 PBF Energy (in millions) PBF Energy Inc. Equity Noncontrolling Noncontrolling Noncontrolling Total Equity Balance at January 1, 2021 $ 1,642.8 $ 93.4 $ 10.6 $ 455.5 $ 2,202.3 Comprehensive income (loss) (41.7) (0.4) 0.2 19.3 (22.6) Dividends and distributions — — — (10.0) (10.0) Stock-based compensation 5.9 — — 1.0 6.9 Transactions in connection with stock-based compensation plans (0.5) — — — (0.5) Exchanges of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock 0.2 (0.2) — — — Balance at March 31, 2021 $ 1,606.7 $ 92.8 $ 10.8 $ 465.8 $ 2,176.1
PBF LLC [Member]
Noncontrolling Interest [Line Items]
Schedule of noncontrolling interest	The noncontrolling interest ownership percentages in PBF LLC as of December 31, 2021 and March 31, 2022 are calculated as follows: Holders of PBF LLC Series A Units Outstanding Shares of PBF Energy Class A Common Stock Total * December 31, 2021 927,990 120,319,577 121,247,567 0.8% 99.2% 100.0% March 31, 2022 927,990 120,617,648 121,545,638 0.8% 99.2% 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 Stockholders Equity	The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF LLC for the three months ended March 31, 2022 and 2021, respectively: PBF LLC (in millions) PBF Energy Company LLC Equity Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2022 $ 1,722.9 $ 12.2 $ 499.0 $ 2,234.1 Comprehensive income (loss) (3.0) (1.1) 18.9 14.8 Dividends and distributions — — (10.0) (10.0) Stock-based compensation 6.6 — 0.7 7.3 Transactions in connection with stock-based compensation plans (1.3) — — (1.3) Balance at March 31, 2022 $ 1,725.2 $ 11.1 $ 508.6 $ 2,244.9 PBF LLC (in millions) PBF Energy Company LLC Equity Noncontrolling Interest in PBF Holding Noncontrolling Total Equity Balance at January 1, 2021 $ 1,374.0 $ 10.6 $ 455.5 $ 1,840.1 Comprehensive income (loss) (42.2) 0.2 19.3 (22.7) Dividends and distributions — — (10.0) (10.0) Stock-based compensation 5.9 — 1.0 6.9 Transactions in connection with stock-based compensation plans (0.5) — — (0.5) Balance at March 31, 2021 $ 1,337.2 $ 10.8 $ 465.8 $ 1,813.8
PBF Logistics LP [Member]
Noncontrolling Interest [Line Items]
Schedule of noncontrolling interest	The noncontrolling interest ownership percentages in PBFX as of December 31, 2021 and March 31, 2022 are calculated as follows: Units of PBFX Held by the Public Units of PBFX Held by PBF LLC Total December 31, 2021 32,621,013 29,953,631 62,574,644 52.1% 47.9% 100.0% March 31, 2022 32,644,224 29,953,631 62,597,855 52.1% 47.9% 100.0%

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	3 Months Ended
EMPLOYEE BENEFIT PLANS (Tables)	Mar. 31, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Schedule of net periodic benefit cost	The components of net periodic benefit cost related to the Company’s defined benefit plans consisted of the following: (in millions) Three Months Ended March 31, Pension Benefits 2022 2021 Components of net periodic benefit cost: Service cost $ 13.9 $ 14.4 Interest cost 2.0 1.3 Expected return on plan assets (4.4) (3.6) Net periodic benefit cost $ 11.5 $ 12.1 (in millions) Three Months Ended March 31, Post-Retirement Medical Plan 2022 2021 Components of net periodic benefit cost: Service cost $ 0.2 $ 0.4 Interest cost 0.1 0.1 Amortization of prior service cost and actuarial loss 0.1 0.2 Net periodic benefit cost $ 0.4 $ 0.7

REVENUES (Tables)

REVENUES (Tables)	3 Months Ended
REVENUES (Tables)	Mar. 31, 2022
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 March 31, (in millions) 2022 2021 Refining Segment: Gasoline and distillates $ 8,037.7 $ 4,230.1 Asphalt and blackoils 458.9 215.4 Feedstocks and other 334.9 212.3 Chemicals 207.0 194.7 Lubricants 89.7 60.7 Total 9,128.2 4,913.2 Logistics Segment: Logistics 89.4 87.5 Total revenues prior to eliminations 9,217.6 5,000.7 Elimination of intercompany revenues (75.9) (75.9) Total Revenues $ 9,141.7 $ 4,924.8

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
INCOME TAXES (Tables)	Mar. 31, 2022
Summary of the income tax provision	The income tax provision in the PBF Energy Condensed Consolidated Statements of Operations consists of the following: Three Months Ended March 31, (in millions) 2022 2021 Current income tax benefit $ — $ (0.7) Deferred income tax benefit (6.1) (7.7) Total income tax benefit $ (6.1) $ (8.4)
PBF LLC [Member]
Summary of the income tax provision	The reported income tax provision in the PBF LLC Condensed Consolidated Statements of Operations consists of the following: Three Months Ended March 31, (in millions) 2022 2021 Current income tax benefit $ — $ (1.2) Deferred income tax benefit (8.1) (9.4) Total income tax benefit $ (8.1) $ (10.6)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Mar. 31, 2022
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 March 31, 2022 and December 31, 2021. The Company has elected to offset the fair value amounts recognized for multiple derivative contracts executed with the same counterparty; however, fair value amounts by hierarchy level are presented on a gross basis in the tables below. The Company has 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. The Company has no derivative contracts that are subject to master netting arrangements that are reflected gross on the Condensed Consolidated Balance Sheets. As of March 31, 2022 Fair Value Hierarchy Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet (in millions) Level 1 Level 2 Level 3 Assets: Money market funds $ 90.1 $ — $ — $ 90.1 N/A $ 90.1 Commodity contracts 197.2 — — 197.2 (197.2) — Derivatives included with inventory intermediation agreement obligations — 60.4 — 60.4 — 60.4 Liabilities: Commodity contracts 249.1 — — 249.1 (197.2) 51.9 Catalyst obligations — 63.3 — 63.3 — 63.3 Renewable energy credit and emissions obligations — 1,141.0 — 1,141.0 — 1,141.0 Contingent consideration obligations — — 80.0 80.0 — 80.0 As of December 31, 2021 Fair Value Hierarchy Total Gross Fair Value Effect of Counter-party Netting Net Carrying Value on Balance Sheet (in millions) Level 1 Level 2 Level 3 Assets: Money market funds $ 270.1 $ — $ — $ 270.1 N/A $ 270.1 Commodity contracts 71.5 — — 71.5 (71.5) — Derivatives included with inventory intermediation agreement obligations — 19.7 — 19.7 — 19.7 Liabilities: Commodity contracts 79.7 3.8 — 83.5 (71.5) 12.0 Catalyst obligations — 58.4 — 58.4 — 58.4 Renewable energy credit and emissions obligations — 953.9 — 953.9 — 953.9 Contingent consideration obligations — — 32.3 32.3 — 32.3
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The table below summarizes the changes in fair value measurements categorized in Level 3 of the fair value hierarchy, which primarily includes the change in estimated future earnings related to both the Martinez Contingent Consideration and the PBFX Contingent Consideration: Three Months Ended March 31, (in millions) 2022 2021 Balance at beginning of period $ 32.3 $ 12.1 Additions — — Settlements (2.6) (12.1) Unrealized loss included in earnings 50.3 30.1 Balance at end of period $ 80.0 $ 30.1
Schedule of Fair value of Debt	The table below summarizes the carrying value and fair value of debt as of March 31, 2022 and December 31, 2021. March 31, 2022 December 31, 2021 (in millions) Carrying value Fair Carrying value Fair 2025 Senior Secured Notes (a) $ 1,250.0 $ 1,292.8 $ 1,250.0 $ 1,192.7 2028 Senior Notes (a) 826.5 660.2 826.5 520.9 2025 Senior Notes (a) 669.5 603.4 669.5 475.9 PBFX 2023 Senior Notes (a) 525.0 523.0 525.0 513.7 Revolving Credit Facility (b) 900.0 900.0 900.0 900.0 PBFX Revolving Credit Facility (b) 75.0 75.0 100.0 100.0 Catalyst financing arrangements (c) 63.3 63.3 58.4 58.4 4,309.3 4,117.7 4,329.4 3,761.6 Less - Current debt (29.9) (29.9) — — Unamortized premium 1.2 n/a 1.4 n/a Less - Unamortized deferred financing costs (31.9) n/a (35.0) n/a Long-term debt $ 4,248.7 $ 4,087.8 $ 4,295.8 $ 3,761.6 (a) The estimated fair value, categorized as a Level 2 measurement, was calculated based on the present value of future expected payments utilizing implied current market interest rates based on quoted prices of the outstanding senior notes. (b) The estimated fair value approximates carrying value, categorized as a Level 2 measurement, as these borrowings bear interest based upon short-term floating market interest rates.

DERIVATIVES (Tables)

DERIVATIVES (Tables)	3 Months Ended
DERIVATIVES (Tables)	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Instruments	The following tables provide information regarding the fair values of derivative instruments as of March 31, 2022 and December 31, 2021, and the line items in the Condensed Consolidated Balance Sheets in which fair values are reflected. Description Balance Sheet Location Fair Value (in millions) Derivatives designated as hedging instruments: March 31, 2022: Derivatives included with the inventory intermediation agreement obligations Accrued expenses $ 60.4 December 31, 2021: Derivatives included with the inventory intermediation agreement obligations Accrued expenses $ 19.7 Derivatives not designated as hedging instruments: March 31, 2022: Commodity contracts Accounts receivable $ (51.9) December 31, 2021: Commodity contracts Accounts receivable $ (12.0)
Schedule of Derivative Instruments, Gain (Loss) Recognized in Income	The following table provides information regarding gains or losses recognized in income on derivative instruments and the line items in the 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) (in millions) Derivatives designated as hedging instruments: For the three months ended March 31, 2022: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ 40.7 For the three months ended March 31, 2021: Derivatives included with the inventory intermediation agreement obligations Cost of products and other $ (8.0) Derivatives not designated as hedging instruments: For the three months ended March 31, 2022: Commodity contracts Cost of products and other $ (26.9) For the three months ended March 31, 2021: Commodity contracts Cost of products and other $ (14.8) Hedged items designated in fair value hedges: For the three months ended March 31, 2022: Crude oil, intermediate and refined product inventory Cost of products and other $ (40.7) For the three months ended March 31, 2021: Crude oil, intermediate and refined product inventory Cost of products and other $ 8.0

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
SEGMENT INFORMATION (Tables)	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of segment reporting information	Disclosures regarding the Company’s reportable segments with reconciliations to consolidated totals for the three months ended March 31, 2022 and March 31, 2021 are presented below. In connection with certain contributions by PBF LLC to PBFX, the accompanying segment information is retrospectively adjusted to include the historical results of those assets in the Logistics segment for all periods presented prior to such contributions, as applicable. Three Months Ended March 31, 2022 PBF Energy - (in millions) Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 9,128.2 $ 89.4 $ — $ (75.9) $ 9,141.7 Depreciation and amortization expense 108.8 9.5 1.9 — 120.2 Income (loss) from operations 146.1 46.4 (101.5) — 91.0 Interest expense, net 3.1 10.1 65.2 — 78.4 Capital expenditures 223.1 1.4 1.0 — 225.5 Three Months Ended March 31, 2021 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 4,913.2 $ 87.5 $ — $ (75.9) $ 4,924.8 Depreciation and amortization expense 104.7 9.4 3.4 — 117.5 Income (loss) from operations 85.9 47.9 (76.1) — 57.7 Interest expense, net 1.8 10.7 67.8 — 80.3 Capital expenditures 58.1 1.3 1.1 — 60.5 Balance at March 31, 2022 Refining Logistics Corporate Eliminations Consolidated Total Total assets $ 12,049.8 $ 903.0 $ 47.4 $ (51.9) $ 12,948.3 Balance at December 31, 2021 Refining Logistics Corporate Eliminations Consolidated Total Total assets $ 10,753.3 $ 901.3 $ 48.5 $ (61.7) $ 11,641.4 Three Months Ended March 31, 2022 PBF LLC - (in millions) Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 9,128.2 $ 89.4 $ — $ (75.9) $ 9,141.7 Depreciation and amortization expense 108.8 9.5 1.9 — 120.2 Income (loss) from operations 146.1 46.4 (101.1) — 91.4 Interest expense, net 3.1 10.1 67.8 — 81.0 Capital expenditures 223.1 1.4 1.0 — 225.5 Three Months Ended March 31, 2021 Refining Logistics Corporate Eliminations Consolidated Total Revenues $ 4,913.2 $ 87.5 $ — $ (75.9) $ 4,924.8 Depreciation and amortization expense 104.7 9.4 3.4 — 117.5 Income (loss) from operations 85.9 47.9 (75.8) — 58.0 Interest expense, net 1.8 10.7 70.4 — 82.9 Capital expenditures 58.1 1.3 1.1 — 60.5 Balance at March 31, 2022 Refining Logistics Corporate Eliminations Consolidated Total Total assets $ 12,049.8 $ 903.0 $ 47.4 $ (51.9) $ 12,948.3 Balance at December 31, 2021 Refining Logistics Corporate Eliminations Consolidated Total Total assets $ 10,753.3 $ 901.3 $ 46.8 $ (61.7) $ 11,639.7

NET INCOME (LOSS) PER SHARE O_2

NET INCOME (LOSS) PER SHARE OF PBF ENERGY (Tables)	3 Months Ended
NET INCOME (LOSS) PER SHARE OF PBF ENERGY (Tables)	Mar. 31, 2022
Earnings Per Share [Abstract]
Computation of basic and diluted net income per common share	The following table sets forth the computation of basic and diluted net income (loss) per share of PBF Energy Class A common stock attributable to PBF Energy for the periods presented: (in millions, except share and per share amounts) Three Months Ended March 31, Basic Earnings Per Share: 2022 2021 Allocation of earnings: Net income (loss) attributable to PBF Energy Inc. stockholders $ (21.1) $ (41.3) Less: Income allocated to participating securities — — Income (loss) available to PBF Energy Inc. stockholders - basic $ (21.1) $ (41.3) Denominator for basic net income (loss) per Class A common share - weighted average shares 120,339,041 119,926,267 Basic net income (loss) attributable to PBF Energy per Class A common share $ (0.18) $ (0.34) Diluted Earnings Per Share: Numerator: Income (loss) available to PBF Energy Inc. stockholders - basic $ (21.1) $ (41.3) Plus: Net income (loss) attributable to noncontrolling interest (1) — (0.4) Less: Income tax (expense) benefit on net income (loss) attributable to noncontrolling interest (1) — 0.1 Numerator for diluted net income (loss) per PBF Energy Class A common share - net income (loss) attributable to PBF Energy Inc. stockholders (1) $ (21.1) $ (41.6) Denominator: (1) Denominator for basic net income (loss) per PBF Energy Class A common share-weighted average shares 120,339,041 119,926,267 Effect of dilutive securities: (2) Conversion of PBF LLC Series A Units — 979,449 Denominator for diluted net income (loss) per PBF Energy Class A common share-adjusted weighted average shares 120,339,041 120,905,716 Diluted net income (loss) attributable to PBF Energy Inc. stockholders per PBF Energy Class A common share $ (0.18) $ (0.34) ___________________________________________ (1) The diluted earnings per share calculation generally assumes the conversion of all outstanding PBF LLC Series A Units to PBF Energy Class A common stock. The net income (loss) attributable to PBF Energy used in the numerator of the diluted earnings per share calculation is adjusted to reflect the net income (loss), as well as the corresponding income tax expense (benefit) (based on a 25.9% and a 26.6% estimated annualized statutory corporate tax rate for the three months ended March 31, 2022 and March 31, 2021, respectively), attributable to the converted units.

DESCRIPTION OF THE BUSINESS A_3

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Details)		Mar. 31, 2022	Dec. 31, 2021
Description of Business [Line Items]
Percentage of ownership in PBF LLC	[1]	100.00%	100.00%
Ownership percentage		100.00%	100.00%
Limited Partner [Member] \| PBF LLC [Member]
Description of Business [Line Items]
Ownership percentage		47.90%	47.90%
Class A Common Stock [Member] \| PBF Energy Inc.
Description of Business [Line Items]
Percentage of ownership in PBF LLC		99.20%	99.20%
Series A Units [Member] \| PBF LLC [Member]
Description of Business [Line Items]
Percentage of ownership in PBF LLC		0.80%	0.80%

[1]	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.

PBF LOGISTICS LP (Details)

PBF LOGISTICS LP (Details) - PBF Logistics LP [Member] - USD ($) $ / shares in Units, $ in Millions	Mar. 10, 2022	Mar. 31, 2022
Variable Interest Entity [Line Items]
Distribution made to partner (in dollars per share)	$ 0.30
PBF LLC [Member]
Variable Interest Entity [Line Items]
Distribution made to partners		$ 9

CURRENT EXPECTED CREDIT LOSSES

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

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	3 Months Ended
INVENTORIES (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Inventory [Line Items]
Crude oil and feedstocks	$ 1,409.1		$ 1,104.9
Refined products and blendstocks	1,341		1,258.4
Warehouse stock and other	143.4		141.8
Inventory, Gross	2,893.5		2,505.1
Lower of cost or market adjustment	0		0
Total inventories	2,893.5		2,505.1
Income (loss) from operations	91	$ 57.7
Titled Inventory [Member]
Inventory [Line Items]
Crude oil and feedstocks	1,198.2		953.5
Refined products and blendstocks	1,030.3		964.6
Warehouse stock and other	143.4		141.8
Inventory, Gross	2,371.9		2,059.9
Lower of cost or market adjustment	0		0
Total inventories	2,371.9		2,059.9
Inventory Supply and Offtake Arrangements [Member]
Inventory [Line Items]
Crude oil and feedstocks	210.9		151.4
Refined products and blendstocks	310.7		293.8
Warehouse stock and other	0		0
Inventory, Gross	521.6		445.2
Lower of cost or market adjustment	0		0
Total inventories	521.6		445.2
Scenario, Adjustment [Member]
Inventory [Line Items]
Lower of cost or market adjustment	$ 0	(264)	$ 0	$ (669.6)
Income (loss) from operations		$ 405.6

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Accrued Expenses:
Inventory-related accruals		$ 1,318	$ 959.9
Renewable energy credit and emissions obligations	[1]	1,141	953.9
Inventory intermediation agreements	[2]	268.6	280.1
Excise and sales tax payable		103.5	112.7
Accrued transportation costs		94.7	91
Accrued capital expenditures		76.5	62.8
Accrued interest		75.7	37.7
Accrued utilities		64.3	73
Accrued refinery maintenance and support costs		41.5	55.8
Accrued salaries and benefits		28.7	59.5
Environmental liabilities		14.7	14.9
Current finance lease liabilities		11.2	11.1
Customer deposits		1.6	3.5
Contingent consideration		0.5	2.9
Other		63.7	21.6
Total accrued expenses		$ 3,304.2	$ 2,740.4
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]		Total accrued expenses	Total accrued expenses
Forward Purchase Commitments for Renewable Energy Credit Obligations		$ 756.2
PBF LLC [Member]
Accrued Expenses:
Inventory-related accruals		1,318	$ 959.9
Renewable energy credit and emissions obligations	[1]	1,141	953.9
Inventory intermediation agreements	[2]	268.6	280.1
Excise and sales tax payable		103.5	112.7
Accrued transportation costs		94.7	91
Accrued capital expenditures		76.5	62.8
Accrued interest		126.6	86
Accrued utilities		64.3	73
Accrued refinery maintenance and support costs		41.5	55.8
Accrued salaries and benefits		28.7	59.5
Environmental liabilities		14.7	14.9
Current finance lease liabilities		11.2	11.1
Customer deposits		1.6	3.5
Contingent consideration		0.5	2.9
Other		66.3	25.5
Total accrued expenses		$ 3,357.7	$ 2,792.6

[1]	The Company is subject to obligations to purchase Renewable Identification Numbers (“RINs”) required to comply with the Renewable Fuel Standard. The Company’s overall RINs obligation is based on a percentage of domestic shipments of on-road fuels as established by 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 (“AB 32”), 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. The Company enters into forward purchase commitments in order to acquire its renewable energy and emissions credits at fixed prices. As of March 31, 2022, the Company had entered into $756.2 million of such forward purchase commitments with respect to its total accrued renewable energy and emissions obligations. Final settlement of the Company’s RINs obligation for annual compliance years 2020 through 2022 are subject to final rule making by EPA. Currently, our obligations are anticipated to require settlement in 2023. The Company’s AB 32 liability is part of a triennial period program which will be settled through 2024.
[2]	The Company has the obligation to repurchase the J. Aron Products that are held in its Storage Tanks in accordance with the Inventory Intermediation Agreement with J. Aron. As of March 31, 2022 and December 31, 2021, a liability is recognized for the Inventory Intermediation Agreement and is recorded at market price for the J. Aron owned inventory held in the Company’s Storage Tanks, with any change in the market price being recorded in Cost of products and other.

CREDIT FACILITIES AND DEBT (Sum

CREDIT FACILITIES AND DEBT (Summary of Long-Term Debt) (Details) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term Debt, Gross		$ 4,309.3	$ 4,329.4
Current debt		(29.9)	0
Unamortized premium		1.2	1.4
Unamortized deferred financing costs		(31.9)	(35)
Long-term debt excluding current maturities, Carrying value		4,248.7	4,295.8
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term line of credit	[1]	900	900
Revolving Credit Facility [Member] \| PBF Logistics LP [Member]
Debt Instrument [Line Items]
Long-term line of credit	[1]	75	100
2025 Senior Secured Notes [Member]
Debt Instrument [Line Items]
Long-term Debt	[2]	1,250	1,250
2028 Senior Notes
Debt Instrument [Line Items]
Long-term Debt	[2]	826.5	826.5
2025 Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt	[2]	669.5	669.5
PBFX Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt		525	525
PBFX Senior Notes [Member] \| PBF Logistics LP [Member]
Debt Instrument [Line Items]
Long-term Debt	[2]	525	525
Catalyst Obligation [Member]
Debt Instrument [Line Items]
Long-term Debt	[3]	$ 63.3	$ 58.4

[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.
[2]	The estimated fair value, categorized as a Level 2 measurement, was calculated based on the present value of future expected payments utilizing implied current market interest rates based on quoted prices of the outstanding senior notes.
[3]	Catalyst financing arrangements 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 repurchase obligations as the Company’s liability is directly impacted by the change in fair value of the underlying catalyst.

AFFILIATE NOTE PAYABLE - PBF _2

AFFILIATE NOTE PAYABLE - PBF LLC (Additional Information) (Details) - PBF LLC [Member] - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Affiliate note payable	$ 379.7	$ 375.2
Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Interest rate	2.50%	2.50%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Additional Information) (Details) - USD ($) $ in Millions		Feb. 01, 2020	Oct. 01, 2018	Mar. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Environmental liability				$ 158.7	$ 157
Percent of tax benefit received from increases in tax basis paid to stockholders				85.00%
Percentage of ownership in PBF LLC	[1]			100.00%	100.00%
Payable to related parties pursuant to Tax Receivable Agreement				$ 67.6	$ 48.3
Martinez Acquistion [Member]
Loss Contingencies [Line Items]
Term of Agreement		4 years
Business Combination, Contingent Consideration, Liability				79.5	29.4
East Coast Storage Assets Acquisition [Member]
Loss Contingencies [Line Items]
Term of Agreement			3 years
Business Combination, Contingent Consideration, Liability				$ 0.5	$ 2.9
PBF Energy Inc. \| Class A Common Stock [Member]
Loss Contingencies [Line Items]
Percentage of ownership in PBF LLC				99.20%	99.20%
Environmental Issue [Member] \| Torrance Refinery [Member]
Loss Contingencies [Line Items]
Environmental liability				$ 116.5	$ 118.5
Other Noncurrent Liabilities [Member]
Loss Contingencies [Line Items]
Environmental liability				$ 144	$ 142.1

[1]	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.

EQUITY (Noncontrolling Interest

EQUITY (Noncontrolling Interest) (Details) $ in Millions		3 Months Ended
EQUITY (Noncontrolling Interest) (Details) $ in Millions		Mar. 31, 2022USD ($)subsidiary	Mar. 31, 2021USD ($)	Dec. 31, 2021	Nov. 01, 2015
Noncontrolling Interest [Line Items]
Percentage of ownership in PBF LLC	[1]	100.00%		100.00%
Ownership percentage		100.00%		100.00%
Income (Loss) Attributable to Noncontrolling Interest, before Tax		$ 17.8	$ 19.1
PBF LLC [Member]
Noncontrolling Interest [Line Items]
Income (Loss) Attributable to Noncontrolling Interest, before Tax		$ 17.8	19.5
Chalmette Refining [Member]
Noncontrolling Interest [Line Items]
Number Of Subsidiaries \| subsidiary		2
Chalmette Refining [Member] \| T&M Terminal Company [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage					80.00%
Chalmette Refining [Member] \| Collins Pipeline Company [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage					80.00%
Collins Pipeline Company And T&M Terminal Company [Member]
Noncontrolling Interest [Line Items]
Income (Loss) Attributable to Noncontrolling Interest, before Tax		$ (1.1)	$ 0.2
Limited Partner [Member] \| PBF LLC [Member]
Noncontrolling Interest [Line Items]
Ownership percentage		47.90%		47.90%
Limited Partner [Member] \| Public Unit Holders [Member]
Noncontrolling Interest [Line Items]
Ownership percentage		52.10%		52.10%

[1]	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.

EQUITY (Ownership Percentage) (

EQUITY (Ownership Percentage) (Details) - shares		Mar. 31, 2022	Dec. 31, 2021
Noncontrolling Interest [Line Items]
Shares, outstanding (in shares)	[1]	121,545,638	121,247,567
Percentage of ownership in PBF LLC	[1]	100.00%	100.00%
Ownership percentage		100.00%	100.00%
PBF LLC [Member] \| Limited Partner [Member]
Noncontrolling Interest [Line Items]
Ownership percentage		47.90%	47.90%
PBF Logistics LP [Member]
Noncontrolling Interest [Line Items]
Partners' Capital Account, Units, Conversion Ratio To Common Units (in shares)		1	1
Public Unit Holders [Member] \| Limited Partner [Member]
Noncontrolling Interest [Line Items]
Ownership percentage		52.10%	52.10%
Series A Units [Member] \| PBF LLC [Member]
Noncontrolling Interest [Line Items]
Shares, outstanding (in shares)		927,990	927,990
Percentage of ownership in PBF LLC		0.80%	0.80%
Units outstanding (in shares)		927,990	927,990
Class A Common Stock [Member] \| PBF Energy [Member]
Noncontrolling Interest [Line Items]
Shares, outstanding (in shares)		120,617,648	120,319,577
Percentage of ownership in PBF LLC		99.20%	99.20%
Common Units [Member]
Noncontrolling Interest [Line Items]
Units outstanding (in shares)		62,597,855	62,574,644
Common Units [Member] \| PBF LLC [Member]
Noncontrolling Interest [Line Items]
Units outstanding (in shares)		29,953,631	29,953,631
Common Units [Member] \| Public Unit Holders [Member]
Noncontrolling Interest [Line Items]
Units outstanding (in shares)		32,644,224	32,621,013

[1]	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.

EQUITY (Allocation of Equity) (

EQUITY (Allocation of Equity) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period	$ 2,532.8	$ 2,202.3
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(22.1)	(41.7)
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	17.8	19.1
Comprehensive income (loss)	(4.3)	(22.6)
Dividends and Distributions	(10)	(10)
Effects of exchanges of PBF LLC Series A Units on deferred tax assets and liabilities and tax receivable agreement obligation	(0.3)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	7.3	6.9
Transactions in connection with stock-based compensation plans	0.6	(0.5)
Exchanges of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock		0
Balance, end of period	2,526.1	2,176.1
PBF LLC [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period	2,234.1	1,840.1
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(3)	(42.2)
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	17.8	19.5
Comprehensive income (loss)	14.8	(22.7)
Dividends and Distributions	(10)	(10)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	7.3	6.9
Transactions in connection with stock-based compensation plans	(1.3)	(0.5)
Exchanges of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock		0
Balance, end of period	2,244.9	1,813.8
PBF Energy [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period	1,926.2	1,642.8
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(22.1)	(41.7)
Effects of exchanges of PBF LLC Series A Units on deferred tax assets and liabilities and tax receivable agreement obligation	(0.3)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	6.6	5.9
Transactions in connection with stock-based compensation plans	0.6	(0.5)
Exchanges of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock		(0.2)
Balance, end of period	1,911	1,606.7
PBF Energy [Member] \| PBF LLC [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period	1,722.9	1,374
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(3)	(42.2)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	6.6	5.9
Transactions in connection with stock-based compensation plans	(1.3)	(0.5)
Balance, end of period	1,725.2	1,337.2
Noncontrolling Interest - PBF LLC [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period	95.4	93.4
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest		(0.4)
Exchanges of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock		0.2
Balance, end of period	95.4	92.8
Noncontrolling Interest - PBF Holding [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period	12.2	10.6
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	(1.1)	0.2
Balance, end of period	11.1	10.8
Noncontrolling Interest - PBF Holding [Member] \| PBF LLC [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period	12.2	10.6
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	(1.1)	0.2
Balance, end of period	11.1	10.8
Noncontrolling Interest - PBF Logistics LP [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period	499	455.5
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	18.9	19.3
Dividends and Distributions	(10)	(10)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	0.7	1
Balance, end of period	508.6	465.8
Noncontrolling Interest - PBF Logistics LP [Member] \| PBF LLC [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, beginning of period	499	455.5
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	18.9	19.3
Dividends and Distributions	(10)	(10)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	0.7	1
Balance, end of period	$ 508.6	$ 465.8

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Millions	3 Months Ended
EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Pension Plan, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 13.9	$ 14.4
Interest cost	2	1.3
Expected return on plan assets	(4.4)	(3.6)
Net periodic benefit cost	11.5	12.1
Post Retirement Medical Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.2	0.4
Interest cost	0.1	0.1
Amortization of prior service cost and actuarial loss	0.1	0.2
Net periodic benefit cost	$ 0.4	$ 0.7

REVENUES (Details)

REVENUES (Details) - USD ($) $ in Millions	3 Months Ended
REVENUES (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Revenues	$ 9,141.7	$ 4,924.8
Deferred revenue	56		$ 42.7
Intersegment Eliminations [Member]
Revenues	(75.9)	(75.9)
Refining Group [Member]
Revenues	9,128.2	4,913.2
PBF Logistics LP [Member]
Revenues	89.4	87.5
Prior to elimination [Member]
Revenues	9,217.6	5,000.7
Gasoline and distillates \| Refining Group [Member]
Revenues	8,037.7	4,230.1
Asphalt and blackoils \| Refining Group [Member]
Revenues	458.9	215.4
Feedstocks and other \| Refining Group [Member]
Revenues	334.9	212.3
Chemicals \| Refining Group [Member]
Revenues	207	194.7
Lubricants \| Refining Group [Member]
Revenues	$ 89.7	$ 60.7

INCOME TAXES (Details)

INCOME TAXES (Details)		3 Months Ended
INCOME TAXES (Details)		Mar. 31, 2022USD ($)subsidiary	Mar. 31, 2021USD ($)	Dec. 31, 2021
Income Taxes [Line Items]
Percentage of ownership in PBF LLC	[1]	100.00%		100.00%
Number Of Subsidiaries Acquired \| subsidiary		2
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount [Abstract]
Current income tax benefit		$ 0	$ (700,000)
Deferred income tax benefit		(6,100,000)	(7,700,000)
Income tax benefit		$ (6,100,000)	$ (8,400,000)
Effective tax rate		22.40%	16.90%
Income (Loss) Attributable to Noncontrolling Interest, before Tax		$ 17,800,000	$ 19,100,000
Noncontrolling interests, as a percent		64.90%	27.50%
Uncertain tax position		$ 0
PBF Energy [Member] \| Class A Common Stock [Member]
Income Taxes [Line Items]
Percentage of ownership in PBF LLC		99.20%		99.20%
PBF LLC [Member]
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount [Abstract]
Current income tax benefit		$ 0	$ (1,200,000)
Deferred income tax benefit		(8,100,000)	(9,400,000)
Income tax benefit		(8,100,000)	(10,600,000)
Income (Loss) Attributable to Noncontrolling Interest, before Tax		$ 17,800,000	$ 19,500,000

[1]	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.

FAIR VALUE MEASUREMENTS (Measur

FAIR VALUE MEASUREMENTS (Measured on Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined Benefit Plan, Plan Assets, Amount	$ 19.7	$ 20.7
Commodity contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	249.1	83.5
Derivative liability, effect of counter-party netting	(197.2)	(71.5)
Derivative Liability	51.9	12
Commodity contract [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	249.1	79.7
Commodity contract [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	0	3.8
Commodity contract [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, gross carrying value	0	0
Catalyst Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Obligations, Fair Value Disclosure	63.3	58.4
Derivative liability, effect of counter-party netting	0	0
Catalyst Obligation [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Obligations, Fair Value Disclosure	0	0
Catalyst Obligation [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Obligations, Fair Value Disclosure	63.3	58.4
Catalyst Obligation [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Obligations, Fair Value Disclosure	0	0
Renewable Energy Credit and Emissions Obligation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Obligations, Fair Value Disclosure	1,141	953.9
Derivative liability, effect of counter-party netting	0	0
Renewable Energy Credit and Emissions Obligation \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Obligations, Fair Value Disclosure	0	0
Renewable Energy Credit and Emissions Obligation \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Obligations, Fair Value Disclosure	1,141	953.9
Renewable Energy Credit and Emissions Obligation \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Obligations, Fair Value Disclosure	0	0
Contingent Consideration [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Obligations, Fair Value Disclosure	80	32.3
Derivative liability, effect of counter-party netting	0	0
Contingent Consideration [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Obligations, Fair Value Disclosure	0	0
Contingent Consideration [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Obligations, Fair Value Disclosure	0	0
Contingent Consideration [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Obligations, Fair Value Disclosure	80	32.3
Money market funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	90.1	270.1
Money market funds [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	90.1	270.1
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	197.2	71.5
Derivative assets, effect of counter-party netting	(197.2)	(71.5)
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	197.2	71.5
Commodity contract [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	0	0
Commodity contract [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	0	0
Inventory Intermediation Agreement Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	60.4	19.7
Derivative assets, effect of counter-party netting	0	0
Derivative assets, net carrying value	60.4	19.7
Inventory Intermediation Agreement Obligation [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	0	0
Inventory Intermediation Agreement Obligation [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	60.4	19.7
Inventory Intermediation Agreement Obligation [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, gross carrying value	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Change

FAIR VALUE MEASUREMENTS (Change in Fair Value at Level 3) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Change in Fair Value Measurement Categorized in Level 3 [Roll Forward]
Transfers out of Level 3	$ 0	$ 0
Transfers into Level 3	0	0
Contingent Consideration [Member]
Change in Fair Value Measurement Categorized in Level 3 [Roll Forward]
Balance at beginning of period	32,300,000	12,100,000
Additions	0	0
Settlements	(2,600,000)	(12,100,000)
Unrealized loss included in earnings	50,300,000	30,100,000
Balance at end of period	$ 80,000,000	$ 30,100,000

FAIR VALUE MEASUREMENTS (Fair V

FAIR VALUE MEASUREMENTS (Fair Value and Carrying Value of Debt) (Details) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Gross		$ 4,309.3	$ 4,329.4
Current maturities, Carrying value		(29.9)	0
Unamortized premium		1.2	1.4
Unamortized deferred financing costs		(31.9)	(35)
Long-term debt excluding current maturities, Carrying value		4,248.7	4,295.8
Long-term debt, Fair value		4,117.7	3,761.6
Current maturities, Fair value		(29.9)	0
Long-term debt excluding current maturities, Fair value		4,087.8	3,761.6
2025 Senior Secured Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[1]	1,250	1,250
Long-term debt, Fair value	[1]	1,292.8	1,192.7
2028 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[1]	826.5	826.5
Long-term debt, Fair value	[1]	660.2	520.9
2025 Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[1]	669.5	669.5
Long-term debt, Fair value	[1]	603.4	475.9
PBFX Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt		525	525
Catalyst Obligation [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[2]	63.3	58.4
Long-term debt, Fair value	[2]	63.3	58.4
PBF Logistics LP [Member] \| PBFX Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[1]	525	525
Long-term debt, Fair value	[1]	523	513.7
Revolving Credit Facility [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term line of credit	[3]	900	900
Line of credit, Fair value	[3]	900	900
Revolving Credit Facility [Member] \| PBF Logistics LP [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term line of credit	[3]	75	100
Line of credit, Fair value	[3]	$ 75	$ 100

[1]	The estimated fair value, categorized as a Level 2 measurement, was calculated based on the present value of future expected payments utilizing implied current market interest rates based on quoted prices of the outstanding senior notes.
[2]	Catalyst financing arrangements 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 repurchase obligations as the Company’s liability is directly impacted by the change in fair value of the underlying catalyst.
[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.

DERIVATIVES (Additional Informa

DERIVATIVES (Additional Information) (Details)	3 Months Ended
DERIVATIVES (Additional Information) (Details)	Mar. 31, 2022USD ($)bbl	Mar. 31, 2021USD ($)	Dec. 31, 2021bbl
Derivative [Line Items]
Loss on fair value hedge ineffectiveness \| $	$ 0	$ 0
Crude Oil and Feedstock Inventory [Member] \| Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, notional amount, volume	2,714,315		2,081,783
Intermediates and Refined Products Inventory [Member] \| Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, notional amount, volume	1,881,877		2,070,550
Crude Oil Commodity Contract [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, notional amount, volume	41,705,000		36,246,000
Refined Product Commodity Contract [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, notional amount, volume	2,225,000		5,819,000

DERIVATIVES (Fair Value of Deri

DERIVATIVES (Fair Value of Derivative Instruments) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Designated as Hedging Instrument [Member] \| Inventory Intermediation Agreement Obligation [Member] \| Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Fair Value Asset/(Liability)	$ 60.4	$ 19.7
Not Designated as Hedging Instrument [Member] \| Commodity Contract [Member] \| Accounts Receivable
Derivatives, Fair Value [Line Items]
Fair Value Asset/(Liability)	$ (51.9)	$ (12)

DERIVATIVES (Gain (Loss) Recogn

DERIVATIVES (Gain (Loss) Recognized in Income) (Details) - Cost of Sales [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Designated as Hedging Instrument [Member] \| Inventory Intermediation Agreement Obligation [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) Recognized in Income on Derivatives	$ 40.7	$ (8)
Designated as Hedging Instrument [Member] \| Intermediates and Refined Products Inventory [Member] \| Fair Value Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) Recognized in Income on Derivatives	(40.7)	8
Not Designated as Hedging Instrument [Member] \| Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) Recognized in Income on Derivatives	$ (26.9)	$ (14.8)

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Millions	3 Months Ended
SEGMENT INFORMATION (Details) $ in Millions	Mar. 31, 2022USD ($)reportable_segmentsegmentrefinery	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| reportable_segment	2
Number Of Operating Refineries \| refinery	6
Number of Operating Segments \| segment	2
Revenues	$ 9,141.7	$ 4,924.8
Cost, Depreciation, Amortization and Depletion	120.2	117.5
Income (loss) from operations	91	57.7
Interest expense, net	78.4	80.3
Capital Expenditures	225.5	60.5
Assets	12,948.3		$ 11,641.4
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(75.9)	(75.9)
Cost, Depreciation, Amortization and Depletion	0	0
Income (loss) from operations	0	0
Interest expense, net	0	0
Capital Expenditures	0	0
Assets	(51.9)		(61.7)
Refining Group [Member]
Segment Reporting Information [Line Items]
Revenues	9,128.2	4,913.2
Cost, Depreciation, Amortization and Depletion	108.8	104.7
Income (loss) from operations	146.1	85.9
Interest expense, net	3.1	1.8
Capital Expenditures	223.1	58.1
Assets	12,049.8		10,753.3
PBF Logistics LP [Member]
Segment Reporting Information [Line Items]
Revenues	89.4	87.5
Cost, Depreciation, Amortization and Depletion	9.5	9.4
Income (loss) from operations	46.4	47.9
Interest expense, net	10.1	10.7
Capital Expenditures	1.4	1.3
Assets	903		901.3
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenues	0	0
Cost, Depreciation, Amortization and Depletion	1.9	3.4
Income (loss) from operations	(101.5)	(76.1)
Interest expense, net	65.2	67.8
Capital Expenditures	1	1.1
Assets	47.4		48.5
PBF LLC [Member]
Segment Reporting Information [Line Items]
Revenues	9,141.7	4,924.8
Cost, Depreciation, Amortization and Depletion	120.2	117.5
Income (loss) from operations	91.4	58
Interest expense, net	81	82.9
Capital Expenditures	225.5	60.5
Assets	12,948.3		11,639.7
PBF LLC [Member] \| Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(75.9)	(75.9)
Cost, Depreciation, Amortization and Depletion	0	0
Income (loss) from operations	0	0
Interest expense, net	0	0
Capital Expenditures	0	0
Assets	(51.9)		(61.7)
PBF LLC [Member] \| Refining Group [Member]
Segment Reporting Information [Line Items]
Revenues	9,128.2	4,913.2
Cost, Depreciation, Amortization and Depletion	108.8	104.7
Income (loss) from operations	146.1	85.9
Interest expense, net	3.1	1.8
Capital Expenditures	223.1	58.1
Assets	12,049.8		10,753.3
PBF LLC [Member] \| PBF Logistics LP [Member]
Segment Reporting Information [Line Items]
Revenues	89.4	87.5
Cost, Depreciation, Amortization and Depletion	9.5	9.4
Income (loss) from operations	46.4	47.9
Interest expense, net	10.1	10.7
Capital Expenditures	1.4	1.3
Assets	903		901.3
PBF LLC [Member] \| Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenues	0	0
Cost, Depreciation, Amortization and Depletion	1.9	3.4
Income (loss) from operations	(101.1)	(75.8)
Interest expense, net	67.8	70.4
Capital Expenditures	1	$ 1.1
Assets	$ 47.4		$ 46.8

NET INCOME (LOSS) PER SHARE O_3

NET INCOME (LOSS) PER SHARE OF PBF ENERGY (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Basic Earnings Per Share:
Net income attributable to PBF Energy		$ (21.1)	$ (41.3)
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic		0	0
Net Income (Loss) Available to Common Stockholders, Basic		$ (21.1)	$ (41.3)
Denominator for basic net income per Class A common share-weighted average shares (in shares)	[1]	120,339,041	119,926,267
Basic net income attributable to PBF Energy per Class A common share (in usd per share)		$ (0.18)	$ (0.34)
Diluted Earnings Per Share:
Plus: Net income attributable to noncontrolling interest	[1]	$ 0	$ (0.4)
Less: Income tax on net income attributable to noncontrolling interest	[1]	0	0.1
Numerator for diluted net income per Class A common share	[1]	$ (21.1)	$ (41.6)
Denominator for basic net income per Class A common share-weighted average shares (in shares)	[1]	120,339,041	119,926,267
Effect of dilutive securities:
Conversion of PBF LLC Series A Units (in shares)	[2]	0	979,449
Denominator for diluted net income (loss) per PBF Energy Class A common share-adjusted weighted average shares (in shares)		120,339,041	120,905,716
Diluted net income attributable to PBF Energy per Class A common share (in usd per share)		$ (0.18)	$ (0.34)
Statutory tax rate		25.90%	26.60%
Stock Options [Member]
Effect of dilutive securities:
Antidilutive common stock excluded from computation of dilutive earnings per share (in shares)		14,804,565	11,699,893

[1]	The diluted earnings per share calculation generally assumes the conversion of all outstanding PBF LLC Series A Units to PBF Energy Class A common stock. The net income (loss) attributable to PBF Energy used in the numerator of the diluted earnings per share calculation is adjusted to reflect the net income (loss), as well as the corresponding income tax expense (benefit) (based on a 25.9% and a 26.6% estimated annualized statutory corporate tax rate for the three months ended March 31, 2022 and March 31, 2021, respectively), attributable to the converted units.
[2]	Represents an adjustment to weighted-average diluted shares outstanding to assume the full exchange of common stock equivalents, including options and warrants for PBF LLC Series A Units and performance share 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 performance share units and options and warrants to purchase 14,804,565 and 11,699,893 shares of PBF Energy Class A common stock and PBF LLC Series A units because they are anti-dilutive for the three months ended March 31, 2022 and March 31, 2021, respectively. For periods showing a net loss, all common stock equivalents and unvested restricted stock are considered anti-dilutive.

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Millions	Apr. 28, 2022	Apr. 28, 2022	Jan. 24, 2020	May 30, 2017
2028 Senior Notes
Subsequent Event [Line Items]
Interest rate			6.00%
2025 Senior Notes [Member]
Subsequent Event [Line Items]
Interest rate				7.25%
Subsequent Event [Member]
Subsequent Event [Line Items]
Extinguishment of Debt, Amount		$ 29.9
Repayments of Long-term Debt		25.8
Gain (loss) on extinguishment of debt		$ 3.8
Subsequent Event [Member] \| PBF Logistics LP [Member]
Subsequent Event [Line Items]
Cash distribution (in dollars per share)	$ 0.30