v3.25.0.1
NONCONTROLLING INTERESTS (Tables)
 12 Months Ended
Dec. 31, 2024
Schedule of stockholders equity
The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF Energy for the years ended December 31, 2024, 2023 and 2022:
(in millions)
PBF Energy
Inc. Equity		Noncontrolling
Interest in PBF LLC		Noncontrolling Interest in PBF HoldingTotal Equity
Balance at January 1, 2024$6,488.3 $129.9 $13.1 $6,631.3 
Comprehensive income (loss)
(529.5)(6.0)(0.4)(535.9)
Dividends and distributions(119.9)(1.6)— (121.5)
Effect of change in deferred tax assets and liabilities and tax receivable agreement obligation(0.6)— — (0.6)
Stock-based compensation35.2 — — 35.2 
Transactions in connection with stock-based compensation plans24.7 — — 24.7 
Exchanges of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock 0.6 (0.6)— — 
Treasury stock purchases(354.6)— — (354.6)
Balance at December 31, 2024$5,544.2 $121.7 $12.7 $5,678.6 
(in millions)
PBF Energy
Inc. Equity		Noncontrolling
Interest in PBF LLC		Noncontrolling Interest in PBF HoldingTotal Equity
Balance at January 1, 2023$4,929.2 $114.6 $12.2 $5,056.0 
Comprehensive income
2,129.7 20.6 0.9 2,151.2 
Dividends and distributions(106.6)(5.3)— (111.9)
Effects of change in deferred tax assets and liabilities and tax receivable agreement obligation(4.5)— — (4.5)
Stock-based compensation35.8 — — 35.8 
Transactions in connection with stock-based compensation plans44.5 — — 44.5 
Treasury stock purchases(539.9)— — (539.9)
Other0.1 — — 0.1 
Balance at December 31, 2023$6,488.3 $129.9 $13.1 $6,631.3 
(in millions)
PBF Energy
Inc. Equity		Noncontrolling
Interest in PBF LLC		Noncontrolling Interest in PBF HoldingNoncontrolling
Interest in PBFX		Total Equity
Balance at January 1, 2022$1,926.2 $95.4 $12.2 $499.0 $2,532.8 
Comprehensive income (loss)
2,858.0 27.9 (1.4)69.5 2,954.0 
Dividends and distributions(24.7)(8.6)— (40.3)(73.6)
Effects of changes in PBFX ownership interest on deferred tax assets and liabilities(9.7)— — — (9.7)
PBFX Merger Transaction216.0 — — (519.7)(303.7)
Stock-based compensation33.2 — — 10.2 43.4 
Transactions in connection with stock-based compensation plans86.5 — — (18.7)67.8 
Exchanges of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock0.1 (0.1)— — — 
Treasury stock purchases(156.4)— — — (156.4)
Other— — 1.4 — 1.4 
Balance at December 31, 2022$4,929.2 $114.6 $12.2 $— $5,056.0 
Schedule of comprehensive income (loss) The following table summarizes the allocation of total comprehensive income (loss) of PBF Energy between the controlling and noncontrolling interests for the year ended December 31, 2024:
(in millions)
Attributable to
PBF Energy Inc. stockholders		Noncontrolling
Interests		Total
Net income (loss)$(533.8)$(6.4)$(540.2)
Other comprehensive income (loss):
Unrealized loss on available for sale securities(0.3)— (0.3)
Amortization of defined benefit plans unrecognized net gain4.6 — 4.6 
Total other comprehensive income4.3 — 4.3 
Total comprehensive income (loss)$(529.5)$(6.4)$(535.9)
The following table summarizes the allocation of total comprehensive income of PBF Energy between the controlling and noncontrolling interests for the year ended December 31, 2023:
(in millions)
Attributable to
PBF Energy Inc. stockholders		Noncontrolling
Interest		Total
Net income$2,140.5 $21.5 $2,162.0 
Other comprehensive income (loss):
Unrealized loss on available for sale securities(0.4)— (0.4)
Amortization of defined benefit plans unrecognized net loss(10.4)— (10.4)
Total other comprehensive income (loss)(10.8)— (10.8)
Total comprehensive income$2,129.7 $21.5 $2,151.2 
The following table summarizes the allocation of total comprehensive income of PBF Energy between the controlling and noncontrolling interests for the year ended December 31, 2022:
(in millions)
Attributable to
PBF Energy Inc. stockholders		Noncontrolling
Interest		Total
Net income$2,876.8 $96.0 $2,972.8 
Other comprehensive income (loss):
Unrealized loss on available for sale securities(2.5)— (2.5)
Amortization of defined benefit plans unrecognized net loss(16.3)— (16.3)
Total other comprehensive income (loss)(18.8)— (18.8)
Total comprehensive income$2,858.0 $96.0 $2,954.0 
PBF LLC  
Schedule of noncontrolling interest
The noncontrolling interest ownership percentages in PBF LLC as of the completion dates of each of the equity offerings and as of the years ended December 31, 2024, 2023 and 2022 are calculated as follows:
Holders of
PBF LLC Series
A Units		Outstanding Shares
of PBF Energy
Class A
Common
Stock		Total
December 31, 2022910,457129,639,307130,549,764
0.7%99.3%100.0%
December 31, 2023862,780120,440,620121,303,400
0.7%99.3%100.0%
December 31, 2024862,780115,311,992116,174,772
0.7%99.3%100.0%