XML 79 R65.htm IDEA: XBRL DOCUMENT v3.25.0.1
RELATED PARTY TRANSACTIONS (Commercial Agreements) (Details)
6 Months Ended 12 Months Ended 33 Months Ended
Nov. 09, 2023
Apr. 01, 2022
bbl / d
Jan. 01, 2022
bbl / d
renewal
May 31, 2019
bbl / d
Jan. 01, 2019
bbl
Jul. 31, 2018
bbl / d
Railcars_per_day
renewal
Apr. 16, 2018
Nov. 01, 2017
bbl
renewal
Aug. 04, 2017
dekatherm_per_day
Nov. 01, 2016
Aug. 31, 2016
bbl / d
bbl
renewal
May 01, 2016
bbl / d
May 15, 2015
bbl / d
renewal
Dec. 12, 2014
bbl / d
bbl
renewal
Jan. 24, 2013
bbl
Jun. 30, 2026
bbl / d
Dec. 31, 2024
renewal
May 30, 2019
bbl / d
Related Party Transaction [Line Items]                                    
Number of Contract Renewals                                 2  
Term of renewal                                 5 years  
Toledo Storage Facility Storage and Terminaling Services Agreement | Toledo Terminaling Facility | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term [1]                           10 years        
Number of Contract Renewals [2]                           2        
Term of renewal [2]                           5 years        
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | bbl / d [1]                           4,400        
Toledo Storage Facility Storage and Terminaling Services Agreement | Toledo Storage Facility | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term [1]                           10 years        
Number of Contract Renewals [2]                           2        
Term of renewal [2]                           5 years        
Oil And Gas Plant, Maximum Storage Capacity | bbl [1],[3]                           3,849,271        
Delaware Pipeline Services Agreement | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term                         10 years 8 months          
Number of Contract Renewals                         2          
Term of renewal                         5 years          
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | bbl / d                         50,000          
Delaware Pipeline Services Agreement- Magellan Connection | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term [4]                   2 years 5 months                
Delaware City Truck Loading Services Agreement | Refined Clean Product | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term                         10 years 8 months          
Number of Contract Renewals                         2          
Term of renewal                         5 years          
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | bbl / d                         30,000          
Delaware City Truck Loading Services Agreement | LPGs | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term                         10 years 8 months          
Number of Contract Renewals                         2          
Term of renewal                         5 years          
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | bbl / d                         5,000          
East Coast Terminals Terminaling Services Agreements | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | bbl / d [5],[6],[7]                       15,000            
East Coast Terminals Tank Lease Agreements | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Oil And Gas Plant, Maximum Storage Capacity | bbl [3],[7]                             350,000      
Torrance Valley Pipeline Transportation Services Agreement | Torrance Valley Pipeline - North | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term [1]                     10 years              
Number of Contract Renewals                     2              
Term of renewal                     5 years              
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | bbl / d [1]                     50,000              
Torrance Valley Pipeline Transportation Services Agreement | Torrance Valley Pipeline - South | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term [1]                     10 years              
Number of Contract Renewals                     2              
Term of renewal                     5 years              
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | bbl / d       75,000             75,000 [1],[8]             70,000
Torrance Valley Pipeline Transportation Services Agreement | Torrance Valley Pipeline - Midway Storage Tanks | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term [1]                     10 years              
Number of Contract Renewals                     2              
Term of renewal                     5 years              
Oil And Gas Plant, Maximum Storage Capacity | bbl [1],[3]                     55,000              
Torrance Valley Pipeline Transportation Services Agreement | Torrance Valley Pipeline - Emidio Storage Tanks | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term [1]                     10 years              
Number of Contract Renewals                     2              
Term of renewal                     5 years              
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | bbl / d [1]                     900,000              
Torrance Valley Pipeline Transportation Services Agreement | Torrance Valley Pipeline - Belridge Storage Tanks | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term [1]                     10 years              
Number of Contract Renewals                     2              
Term of renewal                     5 years              
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | bbl / d [1]                     770,000              
Paulsboro Natural Gas Pipeline Services Agreement | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term [1]                 15 years                  
Oil And Gas Plant, Maximum Storage Capacity | dekatherm_per_day [1]                 60,000                  
Knoxville Terminals Agreement | Terminaling Service | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term [9]             5 years                      
Knoxville Terminals Agreement | Storage Services | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term [9]             5 years                      
Toledo Rail Loading Agreement | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term [1],[10]           7 years 5 months                        
Number of Contract Renewals           2                        
Term of renewal           5 years                        
Oil and Gas Plant, Collaborative Agreement, Maximum Throughput Capacity | Railcars_per_day           50                        
Toledo Rail Loading Agreement | Product | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | Railcars_per_day           30                        
Toledo Rail Loading Agreement | Premium Product | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | Railcars_per_day           11.5                        
Chalmette Terminal Throughput Agreement | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term           1 year                        
Chalmette Rail Unloading Agreement | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term           7 years 5 months                        
Number of Contract Renewals           2                        
Term of renewal           5 years                        
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | bbl / d           7,600                        
DSL Ethanol Throughput Agreement | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term [1]           7 years 5 months                        
Number of Contract Renewals           2                        
Term of renewal           5 years                        
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | bbl / d [1]           5,000                        
Delaware City Terminaling Services Agreement | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term     4 years                              
Number of Contract Renewals     2                              
Term of renewal     5 years                              
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | bbl / d     95,000                              
Toledo Truck Unloading & Terminaling Agreement | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term [1],[11]   9 months                                
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | bbl / d   5,500                                
Toledo Truck Unloading & Terminaling Agreement | PBF Logistics LP | Scenario, Forecast                                    
Related Party Transaction [Line Items]                                    
Oil And Gas Plant, Collaborative Agreement, Minimum Throughput Capacity | bbl / d                               1,000    
Chalmette Storage Agreement | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term [1],[12]               10 years                    
Number of Contract Renewals               2                    
Term of renewal               5 years                    
Oil And Gas Plant, Maximum Storage Capacity | bbl [1],[3]               625,000                    
Crude Oil Processing Agreement | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term 6 months                                  
East Coast Storage Assets Terminal Storage Agreement | PBF Logistics LP                                    
Related Party Transaction [Line Items]                                    
Initial Term [1]         8 years                          
Oil And Gas Plant, Maximum Storage Capacity | bbl [1],[3]         2,953,725                          
East Coast Terminals commercial agreements | PBF Logistics LP | Minimum                                    
Related Party Transaction [Line Items]                                    
Initial Term                                 1 year  
East Coast Terminals commercial agreements | PBF Logistics LP | Maximum                                    
Related Party Transaction [Line Items]                                    
Initial Term                                 5 years  
[1] These commercial agreements with PBFX are considered leases.
[2] The first five-year extensions on these agreements have been exercised effective December 12, 2024.
[3] Reflects the overall capacity as stipulated by the storage agreement. The storage MVC is subject to the effective operating capacity of each tank, which can be impacted by routine tank maintenance and other factors. PBF Holding’s available shell capacity may be subject to change as agreed to by PBF Holding and PBFX.
[4] In connection with the inclusion of an additional destination at the Magellan connection under the Delaware Pipeline Services Agreement, PBF Holding and Delaware Pipeline Company LLC agreed to a two-year, five-month MVC (the “Magellan MVC”) under the Delaware Pipeline Services Agreement. The Magellan MVC expired on March 31, 2019, subsequent to which PBFX has been billing actual throughput on the Magellan connection.
[5] The East Coast Terminals Terminaling Services Agreements have no MVCs and are billed based on actual volumes throughput, other than a terminaling services agreement between PBFX’s East Coast Terminals’ Paulsboro, New Jersey location and PBF Holding’s Paulsboro refinery with a 15,000 bpd MVC.
[6] Subsequent to the PBFX acquisition of the Toledo, Ohio refined products terminal assets (the “Toledo Products Terminal”), the Toledo Products Terminal was added to the East Coast Terminals Terminaling Services Agreements.
[7] The East Coast Terminals related party agreements include varying initial term lengths, ranging from one to five years.
[8] In connection with the acquisition of Torrance Valley Pipeline Company LLC on May 31, 2019, the Torrance Valley Pipeline Transportation Services Agreement- South Pipeline was amended and restated to increase the MVC from 70,000 bpd to 75,000 bpd.
[9] Following the expiration of the initial terms of the Knoxville Terminals Agreements, both agreements have renewed as evergreen agreements with no contracted MVCs.
[10] Under the Toledo Rail Loading Agreement, PBF Holding has minimum throughput commitments for (i) 30 railcars per day of products and (ii) 11.5 railcars per day of premium products. The Toledo Rail Loading Agreement also specifies a maximum throughput rate of 50 railcars per day.
[11] The Toledo Truck Unloading & Terminaling Agreement MVC was 5,500 bpd through December 31, 2022. Effective January 1, 2023, the MVC decreased to 1,000 bpd.
[12] The Chalmette Storage Services Agreement was entered into on February 15, 2017 and commenced on November 1, 2017.