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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Dividend Declared
On May 1, 2025, PBF Energy, PBF Holding’s indirect parent, announced a dividend of $0.275 per share on its outstanding Class A common stock. The dividend is payable on May 29, 2025 to PBF Energy Class A common stockholders of record at the close of business on May 15, 2025. The Company may need to make cash distributions to PBF LLC to the extent necessary for PBF Energy to pay this dividend.
Insurance Proceeds
In April 2025, the Company received notice that its insurers agreed to pay an unallocated first installment of insurance proceeds of $280.0 million, $250.0 million net to the Company after deductibles and retention. The Company expects to receive the first installment of insurance proceeds in the second quarter of 2025. The Company also expects to be able to negotiate future interim payments on a quarterly basis. The timing and amount of any agreed future interim payments will be dependent on the quantum of actual, covered expenditures and calculated losses.