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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2018
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
. SUBSEQUENT EVENTS
PBFX IDR Restructuring Agreement

On February 13, 2019, PBFX entered into the IDR Restructuring Agreement with PBF GP, pursuant to which the IDRs held by PBF LLC will be canceled and converted into 10,000,000 newly issued PBFX common units. The IDR Restructuring is expected to close on February 28, 2019. Subsequent to the close of the IDR Restructuring, no distributions will be made to PBF LLC with respect to the IDRs and the newly issued common units will be entitled to normal distributions.
Dividend Declared
On February 14, 2019, PBF Energy announced a dividend of $0.30 per share on outstanding PBF Energy Class A common stock. The dividend is payable on March 14, 2019 to PBF Energy Class A common stockholders of record as of February 28, 2019.
PBFX Distributions
On February 14, 2019 the Board of Directors of PBF GP announced a distribution of $0.5050 per unit on outstanding common units of PBFX. The distribution is payable on March 14, 2019 to PBFX unitholders of record as of March 1, 2019.