v3.26.1
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income (loss) $ 200.2 $ (405.9)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 163.5 175.2
Stock-based compensation expense 8.4 11.4
Deferred income taxes 57.9 (142.4)
Non-cash lower of cost or market inventory adjustment (313.0) 0.0
Pension and other post-retirement benefit costs 13.5 13.1
Gain on insurance recoveries, net (106.5) 0.0
(Gain) loss from equity method investment (8.3) 17.0
Loss on sale of assets 0.3 0.0
Changes in operating assets and liabilities:    
Accounts receivable (770.3) 30.2
Inventories (202.2) (295.5)
Prepaid and other current assets (80.4) (64.5)
Accounts payable 85.8 133.8
Accrued expenses 614.0 (12.7)
Deferred revenue 34.4 19.9
Payment related to Tax Receivable Agreement 0.0 (125.4)
Other assets and liabilities (21.0) (15.6)
Net cash used in operating activities (323.7) (661.4)
Cash flows from investing activities:    
Expenditures for property, plant, and equipment (349.4) (111.0)
Expenditures for deferred turnaround costs (136.9) (92.7)
Expenditures for other assets (23.2) (14.6)
Equity method investment - return of capital 1.2 0.8
Insurance proceeds 106.5 0.0
Net cash used in investing activities (401.8) (217.5)
Cash flows from financing activities:    
Dividend payments (31.7) (31.3)
Distributions to PBF Energy Company LLC members other than PBF Energy (0.2) (0.2)
Proceeds from 2030 9.875% Senior Notes 0.0 788.5
Proceeds from revolver borrowings 900.0 1,150.0
Repayments of revolver borrowings (250.0) (1,150.0)
Payments on financing leases (3.0) (3.0)
Proceeds from insurance premium financing 141.8 100.7
Payments of insurance premium financing (45.3) (26.6)
Transactions in connection with stock-based compensation plans, net 27.8 (4.7)
Deferred financing costs and other, net 0.0 (12.0)
Net cash provided by financing activities 739.4 811.4
Net change in cash and cash equivalents 13.9 (67.5)
Cash and cash equivalents, beginning of period 527.9 536.1
Cash and cash equivalents, end of period 541.8 468.6
Non-cash activities:    
Accrued and unpaid capital expenditures 141.5 101.0
Assets acquired or remeasured under operating and financing leases 131.6 65.7
Cash paid during the period for:    
Interest (net of capitalized interest of $17.3 and $5.6 in 2026 and 2025, respectively) 75.9 48.7
Income taxes $ 0.1 $ 0.1