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RELATED PARTY TRANSACTIONS
 6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
Summary of Transactions with PBFX
A summary of the Company’s affiliate transactions with PBFX is as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2025202420252024
Reimbursements under affiliate agreements:
Services agreement$2.1 $2.1 $4.3 $4.3 
Omnibus agreement1.5 1.4 3.0 2.9 
Total expenses under affiliate agreements(88.3)(89.1)(173.5)(176.0)
Total reimbursements under the omnibus agreement with PBFX, PBFX GP and PBF LLC are included in General and administrative expenses and reimbursements under the operation and management services and secondment agreement with PBFX and expenses under affiliate agreements are included in Cost of products and other in the Company’s Condensed Consolidated Statements of Operations.
Additionally, the Condensed Consolidated Balance Sheets include $5.7 million and $38.2 million recorded within Accounts receivable - affiliate and Accounts payable - affiliate, respectively, related to transactions with PBFX as of June 30, 2025 ($6.3 million and $39.6 million, respectively, as of December 31, 2024).
Summary of Transactions with SBR
A summary of the Company’s related party transactions with SBR is as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2025202420252024
Transactions under commercial agreements:
Sales $16.9 $8.2 $30.3 $13.2 
Purchases(121.3)(73.3)(181.6)(164.5)
Reimbursements under related party agreements:
Operating agreement34.4 31.5 74.466.8
SBR Omnibus agreement0.9 1.1 1.92.2
Common asset use and servitude agreement 1.8 1.5 4.03.5
Total lease expense under related party agreements(2.8)(1.7)(8.1)(1.7)
Total sales, consisting of refined product sales, and purchases, primarily related to environmental credit and hydrocarbon purchases, under the commercial agreements with SBR are included within Revenues and Cost of products and other, respectively, on the Company’s Condensed Consolidated Statements of Operations.
Additionally, the Condensed Consolidated Balance Sheets include $40.9 million and $54.9 million recorded within Accounts receivable - affiliate and Accounts payable - affiliate, respectively, related to transactions with SBR as of June 30, 2025 ($18.7 million and $47.8 million, respectively, as of December 31, 2024).
SBR Term Loan
The Company has agreed to provide a limited guaranty in connection with a $100.0 million term loan that SBR and its wholly owned subsidiary, SBR Marketing LLC (“SBR Marketing”), entered into in April 2025. Under the guaranty and subject to the terms and conditions set forth therein, the Company is guaranteeing SBR and SBR Marketing’s certain payment and performance obligations under the term loan, with the guaranty capped at 50% of such obligations, commensurate with PBF Energy’s 50% equity interest in SBR, and the Company currently believes that the likelihood of performance under this guaranty is remote.