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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Revenues $ 8,645.6 $ 9,295.0 Close
Cost and expenses:    
Cost of products and other 7,597.9 7,795.3
Operating expenses (excluding depreciation and amortization expense as reflected below) 688.1 781.4
Depreciation and amortization expense 141.4 141.9
Cost of sales 8,427.4 8,718.6
General and administrative expenses (excluding depreciation and amortization expense as reflected below) 63.2 60.0
Depreciation and amortization expense 3.2 1.9
Change in fair value of contingent consideration, net (3.3) (16.3)
Equity loss in investee 0.8 0.0
Loss on formation of SBR equity method investment 8.7 0.0
Loss (gain) on sale of assets 0.5 (1.6)
Total cost and expenses 8,500.5 8,762.6 Close
Income from operations 145.1 532.4 Close
Other income (expense):     Close
Interest expense (net of interest income of $17.8 million and $17.2 million, respectively) (10.5) (18.7) Close
Change in fair value of catalyst obligations 0.0 0.7 Close
Other non-service components of net periodic benefit cost 0.6 0.3 Close
Other expense 0.0 (2.3) CloseClose
Total Other Income Expenses -9.9 -20.0 0.0 0 0 Close
Income before income taxes 135.2 512.4 CloseClose
Income tax expense 27.7 126.5 Close
Net income 107.5 385.9 Close
Less: net income attributable to noncontrolling interest 0.9 3.8
Net income attributable to PBF Energy Inc. stockholders $ 106.6 $ 382.1
Weighted-average shares of Class A common stock outstanding    
Basic (in shares) [1] 119,864,653 128,787,779
Diluted (in shares) 124,670,049 134,499,277
Net income available to Class A common stock per share:    
Basic (in dollars per share) $ 0.89 $ 2.97
Diluted (in dollars per share) $ 0.86 $ 2.86
[1] The diluted earnings per share calculation generally assumes the conversion of all outstanding PBF LLC Series A Units to PBF Energy Class A common stock. The net income attributable to PBF Energy used in the numerator of the diluted earnings per share calculation is adjusted to reflect the net income, as well as the corresponding income tax expense (based on a 26.0% estimated annualized statutory corporate tax rate for both the three months ended March 31, 2024 and the three months ended March 31, 2023), attributable to the converted units.