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SUBSEQUENT EVENTS | 12 Months Ended
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Dec. 31, 2024
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Dividend Declared On February 13, 2025, PBF Energy announced a dividend of $0.275 per share on outstanding PBF Energy Class A common stock. The dividend is payable on March 14, 2025, to PBF Energy Class A common stockholders of record as of February 27, 2025. Payments under the Tax Receivable Agreement In January 2025, the Company made payments of $130.8 million, inclusive of interest of $5.4 million and $15.1 million paid to Series B Unit holders, under the Tax Receivable Agreement relating to the 2023 tax year. Martinez Refinery Fire On February 1, 2025, a fire occurred at the Company’s Martinez refinery during preliminary turnaround activities, which resulted in the temporary shutdown of refinery operations. The cause of the fire is currently under investigation. The Company is assessing the extent of the property damage arising from the fire and potential recoveries from insurance coverage are also being evaluated. At this time, as the cost of repairs, the length of the shutdown and other potential liabilities, including regulatory penalties, arising from the incident are unknown, the operational and/or financial impact cannot be reasonably estimated.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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