Condensed Consolidated Statements of Operations - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | |||||
|---|---|---|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
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| Income Statement [Abstract] | |||||||
| Revenues | $ 10,733.5 | $ 12,764.6 | $ 29,186.1 | $ 35,984.0 | | ||
| Cost and expenses: | |||||||
| Cost of products and other | 8,720.3 | 10,417.3 | 24,423.6 | 30,004.0 | |||
| Operating expenses (excluding depreciation and amortization expense as reflected below) | 645.3 | 646.0 | 2,023.7 | 1,904.0 | |||
| Depreciation and amortization expense | 140.1 | 128.1 | 424.2 | 366.5 | |||
| Cost of sales | 9,505.7 | 11,191.4 | 26,871.5 | 32,274.5 | |||
| General and administrative expenses (excluding depreciation and amortization expense as reflected below) | 92.9 | 168.2 | 257.1 | 374.9 | |||
| Depreciation and amortization expense | 3.8 | 2.0 | 8.0 | 5.8 | |||
| Change in fair value of contingent consideration, net | 65.3 | 3.0 | 32.4 | 130.9 | |||
| Equity income in investee | (14.6) | 0.0 | (14.6) | 0.0 | |||
| Loss (gain) on formation of SBR equity method investment | 3.2 | 0.0 | (965.7) | 0.0 | |||
| Loss (gain) on sale of assets | 0.1 | 0.0 | (1.3) | 0.3 | |||
| Total cost and expenses | 9,656.4 | 11,364.6 | 26,187.4 | 32,786.4 | | ||
| Income from operations | 1,077.1 | 1,400.0 | 2,998.7 | 3,197.6 | | ||
| Other income (expense): | | ||||||
| Interest expense, net | (22.7) | (52.7) | (55.2) | (216.6) | | ||
| Change in Tax Receivable Agreement liability | 0.0 | (1.7) | 0.0 | (288.2) | | ||
| Change in fair value of catalyst obligations | (0.1) | (2.6) | 1.1 | (0.3) | | ||
| Loss on extinguishment of debt | (5.7) | (69.9) | (5.7) | (66.1) | | ||
| Other non-service components of net periodic benefit cost | 0.1 | 2.2 | 0.5 | 6.6 | | ||
| Total Other Income Expenses | -28.4 | -124.7 | -59.3 | -564.6 | 0 | |
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| Income before income taxes | 1,048.7 | 1,275.3 | 2,939.4 | 2,633.0 | | | |
| Income tax expense | 254.6 | 191.1 | 729.0 | 316.3 | | ||
| Net income | 794.1 | 1,084.2 | 2,210.4 | 2,316.7 | | ||
| Less: net income attributable to noncontrolling interests | 7.7 | 27.8 | 21.5 | 77.7 | |||
| Net income attributable to PBF Energy Inc. stockholders | $ 786.4 | $ 1,056.4 | $ 2,188.9 | $ 2,239.0 | |||
| Weighted-average shares of Class A common stock outstanding | |||||||
| Basic (in shares) | [1] | 123,793,179 | 122,113,570 | 125,938,259 | 121,299,726 | ||
| Diluted (in shares) | 129,690,375 | 126,585,809 | 131,547,028 | 125,092,933 | |||
| Net income available to Class A common stock per share: | |||||||
| Basic (in dollars per share) | $ 6.35 | $ 8.65 | $ 17.38 | $ 18.46 | |||
| Diluted (in dollars per share) | $ 6.11 | $ 8.40 | $ 16.76 | $ 18.03 | |||
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| X | ||||||||||
- Definition Total change in the fair value of the Company’s catalyst lease obligations for which the Company has elected the fair value option for accounting purposes. The Company sold certain of its catalyst precious metals to large financial institutions and then leased them back. The catalyst is required to be repurchased by the Company at market value at lease termination. No definition available.
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- Definition Change in tax receivable agreement No definition available.
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- Definition Equity Method Investment, Realized Gain (Loss) On Formation No definition available.
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- Definition Operating Expenses, Excluding Depreciation And Amortization Expense No definition available.
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- Definition Other non-service component of net periodic benefit costs No definition available.
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- Definition Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Cost of product sold and service rendered, excluding depreciation, depletion, and amortization. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of expense for allocation of cost of tangible and intangible assets over their useful lives directly used in production of good and rendering of service. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of income (loss) attributable to noncontrolling interest. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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