Private company
PBF Holding Co LLC
PBF Holding Co LLC is an American petroleum refining company based in Parsippany-Troy Hills.2
Last updated Oct 21, 2026.
Overview
- IndustryPetroleum Refining2
- HeadquartersParsippany-Troy Hills, United States2
- Incorporated inDE3
- Business addressOne Sylvan Way, Second Floor, Parsippany, Nj 070543
- Filer categoryNon-accelerated filer3
- Legal formLimited Liability Company2
- LEI549300TILVIIV9FLL4612
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 48035132
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-1.0%Operating margin5
-1.6%Net margin5
-11.4%Revenue growth, 20255
-10.1%Return on equity5
0.45×Debt to equity5
-$961.7MFree cash flow5
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue99¢$30.1B
- Interest1¢$186.7M
- Income tax0¢$3.3M
Out of $29.3B in revenue.5 The company lost money this year.
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $24.5B6 | $15.0B7 | $27.2B8 | $46.8B9 | $38.3B5 | $33.1B5 | $29.3B5 |
| Cost of revenue | $23.7B6 | $16.9B7 | $26.5B8 | $42.3B9 | $36.1B5 | $33.7B5 | $30.1B5 |
| Operating expenses | $26.8B8 | $42.8B9 | $36.4B5 | $33.9B5 | $29.6B5 | ||
| Operating income | $498.5M6 | -$1.6B7 | $404.0M8 | $4.0B9 | $1.9B5 | -$833.3M5 | -$292.6M5 |
| Interest | $108.7M6 | $210.3M7 | $275.1M8 | $206.9M9 | $61.3M5 | $70.7M5 | $186.7M5 |
| Income before tax | $225.1M8 | $3.7B9 | $1.8B5 | -$901.6M5 | -$478.0M5 | ||
| Income tax | -$8.3M6 | $6.1M7 | -$14.0M8 | -$2.7M9 | $1.9M5 | -$5.7M5 | $3.3M5 |
| Net income | $388.2M6 | -$1.9B7 | $236.8M8 | $3.7B9 | $1.8B5 | -$895.5M5 | -$481.4M5 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $763.1M12 | $1.6B6 | $1.3B7 | $2.2B8 | $1.8B9 | $515.2M5 | $503.0M5 |
| Inventory | $2.5B7 | $2.8B8 | $3.2B9 | $2.6B5 | $2.6B5 | ||
| Current assets | $3.8B12 | $3.8B6 | $5.2B7 | $6.5B8 | $6.5B9 | $4.4B5 | $4.4B5 |
| Property, plant and equipment | $4.1B7 | $4.6B8 | $4.1B9 | $4.3B5 | $4.8B5 | ||
| Intangible assets | $500.0K6 | $500.0K8 | $500.0K9 | $500.0K9 | |||
| Total assets | $8.8B12 | $10.2B6 | $11.3B7 | $13.2B8 | $12.9B9 | $11.2B5 | $11.7B5 |
| Accounts payable | $906.3M7 | $847.5M8 | $952.9M9 | $727.1M5 | $794.4M5 | ||
| Current liabilities | $2.6B12 | $2.6B6 | $3.9B7 | $4.8B8 | $4.3B9 | $3.6B5 | $3.8B5 |
| Long-term debt | $1.3B12 | $3.9B6 | $3.7B7 | $1.4B8 | $1.2B9 | $1.5B5 | $2.1B5 |
| Total liabilities | $4.9B12 | $8.1B6 | $8.9B7 | $7.5B8 | $6.8B9 | $6.2B5 | $6.9B5 |
| Retained earnings | -$489.3M7 | $2.6B8 | $2.9B9 | $1.4B5 | $667.8M5 | ||
| Shareholders’ equity | $3.9B12 | $2.1B6 | $2.4B7 | $5.6B8 | $6.1B9 | $5.0B5 | $4.8B5 |
| Shares outstanding | 0 shares13 | 0 shares12 | 0 shares6 | 0 shares7 | 0 shares8 | 0 shares9 | 0 shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $789.6M6 | -$820.0M7 | $292.3M8 | $4.7B9 | $1.5B5 | -$136.8M5 | -$274.3M5 |
| Depreciation and amortization | $220.6M8 | $261.5M9 | $313.5M5 | $357.0M5 | $370.4M5 | ||
| Stock-based compensation | $30.3M8 | $44.1M9 | $51.5M5 | $44.3M5 | $39.0M5 | ||
| Capital spending | $373.1M6 | $183.9M7 | $240.5M8 | $625.4M9 | $647.7M5 | $384.4M5 | $687.4M5 |
| Free cash flow | $416.5M | -$1.0B | $51.8M | $4.1B | $830.3M | -$521.2M | -$961.7M |
| Cash from investing | -$387.1M8 | -$1.0B9 | -$1.2B5 | -$1.0B5 | -$611.1M5 | ||
| Cash from financing | -$169.6M8 | -$2.8B9 | -$713.8M5 | -$107.0M5 | $873.2M5 |
Corporate structure
PBF Holding Co LLC sits at the top of its group. 25 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
- PBF Holding Co LLC Parsippany-Troy Hills, New Jersey, United States
- PBF Finance Corp Parsippany, New Jersey, United States
- Chalmette Refining, L.L.C. Subsidiary · Delaware, United States
- Collins Pipeline Company Subsidiary · Delaware, United States
- Martinez Pipeline Company LLC Subsidiary · Delaware, United States
- Martinez Terminal Company LLC Subsidiary · Delaware, United States
- MOEM Pipeline LLC Subsidiary · Delaware, United States
- PBF Energy Limited Subsidiary · British Columbia, Canada
- PBF Energy Western Region LLC Subsidiary · Delaware, United States
- PBF International Inc. Subsidiary · Delaware, United States
- PBF Investments LLC Subsidiary · Delaware, United States
- PBF Power Marketing LLC Subsidiary · Delaware, United States
- PBF Rail Logistics Company LLC Subsidiary · Delaware, United States
- PBF Services Company LLC Subsidiary · Delaware, United States
- PBF Transportation Company LLC Subsidiary · Delaware, United States
- PBFWR Logistics Holdings LLC Subsidiary · Delaware, United States
- T&M Terminal Company Subsidiary · Delaware, United States
- Torrance Basin Pipeline Company LLC Subsidiary · Delaware, United States
- Torrance Logistics Company LLC Subsidiary · Delaware, United States
- Torrance Pipeline Company LLC Subsidiary · Delaware, United States
- DELAWARE CITY REFINING COMPANY LLC Subsidiary · Parsippany-Troy Hills, New Jersey, United States
- MARTINEZ REFINING COMPANY LLC Subsidiary · Martinez, California, United States
- PAULSBORO REFINING COMPANY LLC Subsidiary · Parsippany-Troy Hills, New Jersey, United States
- TOLEDO REFINING COMPANY LLC Subsidiary · Parsippany-Troy Hills, New Jersey, United States
- TORRANCE REFINING COMPANY LLC Subsidiary · Martinez, California, United States
- PBF Finance Corp Parsippany, New Jersey, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC. Each entity in the chart links to its source.
What it owns
What PBF Holding Co LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $6.8B5 Dec 31, 2025 | $6.1B5 Dec 31, 2024 | +12.5% |
| Accumulated depreciation | $2.0B5 Dec 31, 2025 | $1.8B5 Dec 31, 2024 | +11.8% |
| Property and equipment, net | $4.8B5 Dec 31, 2025 | $4.3B5 Dec 31, 2024 | +12.7% |
| Finance-lease assets | $34.0M5 Dec 31, 2025 | $42.9M5 Dec 31, 2024 | −20.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $503.0M5 Dec 31, 2025 | $515.2M5 Dec 31, 2024 | −2.4% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, gross | $4.0M9 Dec 31, 2024 | $4.0M9 Dec 31, 2023 | 0% |
| Accumulated amortization | $3.5M9 Dec 31, 2024 | $3.5M9 Dec 31, 2023 | 0% |
| Finite-lived intangibles, net | $500.0K9 Dec 31, 2024 | $500.0K9 Dec 31, 2023 | 0% |
Inventory
Subsidiaries and ownership
Subsidiaries (GLEIF)
Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.
Timeline
- Oct 14, 20268-K Other events14
- Oct 1, 20268-K Entered a material agreement; New debt or obligation15
- Sep 17, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares16
- Sep 15, 20268-K Other events17
- Sep 14, 20268-K Regulation FD disclosure; Other events18
- Jul 30, 20268-K Results of operations19
- May 28, 20268-K Entered a material agreement; New debt or obligation20
- May 27, 20268-K Other events21
- May 26, 20268-K Regulation FD disclosure; Other events22
- Apr 30, 20268-K Results of operations23
- Feb 12, 20268-K Results of operations24
- Jan 5, 20268-K Regulation FD disclosure25
- Mar 24, 2010Founded PBF Holding Co LLC is founded2
Calendar
Coming up
- Around Oct 29, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.
When it reported results
- Jul 30, 2026Reported quarterly or annual results19
- Apr 30, 2026Reported quarterly or annual results23
- Feb 12, 2026Reported quarterly or annual results24
- Oct 30, 2025Reported quarterly or annual results26
- Jul 31, 2025Reported quarterly or annual results27
- May 1, 2025Reported quarterly or annual results28
- Feb 13, 2025Reported quarterly or annual results29
- Oct 31, 2024Reported quarterly or annual results30
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
38 filings to the SEC since October 2021: 38 major events. The latest 20:
- Oct 14, 20268-K EDGAR
- Oct 1, 20268-K EDGAR
- Sep 17, 20268-K EDGAR
- Sep 15, 20268-K EDGAR
- Sep 14, 20268-K EDGAR
- Jul 30, 20268-K EDGAR
- May 28, 20268-K EDGAR
- May 27, 20268-K EDGAR
- May 26, 20268-K EDGAR
- Apr 30, 20268-K EDGAR
- Feb 12, 20268-K EDGAR
- Jan 5, 20268-K EDGAR
- Oct 30, 20258-K EDGAR
- Oct 27, 20258-K EDGAR
- Aug 20, 20258-K EDGAR
- Jul 31, 20258-K EDGAR
- May 1, 20258-K EDGAR
- Mar 17, 20258-K EDGAR
- Mar 13, 20258-K EDGAR
- Mar 12, 20258-K EDGAR
The 38 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How PBF Holding Co LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPBF Holding Co LLC1
- CIK0001566011
- Employer ID (EIN)27-219816831
- Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company31
- Incorporated inDelaware31
- Industry code (SIC)2911 Petroleum Refining1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business addressOne Sylvan Way, Second Floor, Parsippany, NJ 070541
- Phone973-455-75001
- Shares outstanding0 as of Jul 30, 202611
- Public float$0 as of Jun 30, 20255
- AuditorKPMG LLP, Short Hills, New Jersey PCAOB ID 185; no auditor attestation of internal control over financial reporting31
- On EDGAR sinceJan 14, 20131
- Filings291 in all: 8-K (185), 10-Q (41), 10-K (15), UPLOAD (8), CORRESP (7), IRANNOTICE (7), 424B3 (5), 8-K/A (5)1
All 16 form types
EFFECT (5), S-4 (4), S-4/A (3), SD (2), CT ORDER (1), RW (1), S-1 (1), S-1/A (1)
- Latest filingsAnnual report (10-K) Feb 23, 2026
Quarterly report (10-Q) Aug 4, 2026
Latest 8-K (8-K) Oct 14, 2026
Risk factors and legal proceedings
The risks PBF Holding Co LLC names in Item 1A of its 10-K filed Feb 23, 2026: 41 risks under these headings, as written.31
- Risks Relating to Our Business and Industry
- Risks Related to Our Indebtedness
- Demand for our refined products can significantly decline due to changes in global and regional economic conditions.
- The price volatility of crude oil, other feedstocks, blendstocks, refined products and fuel and utility services may have a material adverse effect on our revenues, profitability, cash flows and liquidity.
- Our working capital, cash flows and liquidity can be significantly impacted by volatility in commodity prices and refined product demand.
- Our profitability is affected by crude oil differentials and related factors, which fluctuate substantially.
- A significant interruption or casualty loss at any of our refineries and related assets could reduce our production, particularly if not fully covered by our insurance. Failure by one or more insurers to honor its coverage commitments for an insured event could materially and adversely affect our future cash flows, operating results and financial condition.
- Our refineries are subject to interruptions of supply and distribution, including due to severe weather events, as a result of our reliance on pipelines, waterborne logistics, and railroads for transportation of crude oil and refined products.
- Our results of operations continue to be impacted by significant costs to comply with renewable fuels mandates. The market prices for RINs have been volatile and may harm our profitability.
- Our financial results could be impacted by uncertainty in U.S. trade policy, including uncertainty surrounding changes in tariffs, trade agreements or other trade restrictions imposed by the U.S. or other governments.
- We may have capital needs for which our internally generated cash flows and other sources of liquidity may not be adequate.
- We may incur significant liability under, or costs and capital expenditures to comply with, regulatory, environmental and health and safety regulations, which are complex and change frequently.
The other 31 risks
- Potential further laws and regulations related to climate change could have a material adverse impact on our operations and adversely affect our facilities.
- Regulation of emissions of GHGs could force us to incur increased capital expenditures and operating costs and could have a material adverse effect on our results of operations and financial condition.
- Environmental clean-up and remediation costs of our sites and environmental litigation, including related to climate change, could decrease our net cash flow, reduce our results of operations and impair our financial condition.
- Our transportation modes, including pipelines, are subject to federal and/or state regulations, which could reduce profitability and the amount of cash we generate.
- Recent record refining industry profits have raised the concern of public policy experts and federal and state policymakers, who have questioned whether these profits are justified, or whether they constituted a “windfall” to the industry and have enacted or could enact legislation that could adversely affect our operations and our profitability.
- We could incur substantial costs or disruptions in our business if we cannot obtain or maintain necessary permits and authorizations or otherwise comply with health, safety, environmental and other laws and regulations.
- A cyber-attack on, or other failure of, our technology infrastructure could affect our business and assets, and have a material adverse effect on our financial condition, results of operations and cash flows.
- Continued scrutiny on sustainability matters, developments, and disclosures related to climate change may negatively impact our business and our access to capital markets.
- Some of our competitors may have a competitive advantage by providing alternative energy sources or by owning their own retail sites.
- We may be negatively affected by the rate of inflation and its impact on the global economy.
- We may not be able to obtain funding on acceptable terms or at all, including because of volatility and uncertainty in the credit and capital markets. This may hinder or prevent us from meeting our future capital needs.
- Any political instability, military strikes, sustained military campaigns, terrorist activity, changes in foreign policy, or other catastrophic events could have a material adverse effect on our business, results of operations and financial condition.
- Competition from companies that produce their own supply of feedstocks, have extensive retail outlets, make alternative fuels or have greater financial and other resources than we do, could materially and adversely affect our business and results of operations.
- We must make substantial capital expenditures on our operating facilities to maintain their reliability and efficiency. If we are unable to complete capital projects at their expected costs and/or in a timely manner, or if the market conditions assumed in our project economics deteriorate, our financial condition, results of operations or cash flows could be materially and adversely affected.
- We are subject to strict laws and regulations regarding employee and process safety, and failure to comply with these laws and regulations could have a material adverse effect on our results of operations, financial condition and profitability.
- Product liability and operational liability claims and litigation could adversely affect our business and results of operations.
- Compliance with and changes in tax laws could adversely affect our performance.
- Acquisitions or other investments that we may undertake in the future involve a number of risks, any of which could cause us not to realize the anticipated benefits.
- A portion of our workforce is unionized, and we may face labor disruptions that would interfere with our operations.
- Our business may suffer if any of our senior executives or other key employees discontinues employment with us. Furthermore, a shortage of skilled labor or disruptions in our labor force may make it difficult for us to maintain labor productivity.
- If we fail to realize the expected benefits from our RBI initiative, our financial results may be negatively impacted.
- Our hedging activities may limit our potential gains, exacerbate potential losses and involve other risks.
- Our commodity derivative activities could result in period-to-period earnings volatility.
- Our indebtedness could adversely affect our financial condition and prevent us from fulfilling our obligations under our indebtedness.
- We may not be able to secure necessary financing on acceptable terms, or at all.
- Despite our level of indebtedness, we and our subsidiaries may be able to incur substantially more debt, which could exacerbate the risks described above.
- Our future credit ratings could adversely affect our business, the cost of our borrowing, and our ability to obtain credit in the future.
- Restrictive covenants in our debt instruments, including the indentures governing our notes, may limit our ability to undertake certain types of transactions, which could adversely affect our business, financial condition, results of operations and our ability to service our indebtedness.
- Provisions in our indentures and other agreements could discourage an acquisition of us by a third-party.
- Risks Related to Our Organizational Structure
- Under a tax receivable agreement, PBF Energy is required to pay the pre-IPO owners of PBF LLC for certain realized or assumed tax benefits it may claim arising in connection with its initial public offering and future exchanges of PBF LLC Series A Units, or other permitted assignees, for shares of its Class A common stock and related transactions (the “Tax Receivable Agreement”). The indentures governing the senior notes allow us, under certain circumstances, to make distributions sufficient for PBF Energy to pay its obligations arising from the Tax Receivable Agreement.
- Risks Related to Our Affiliation with PBFX
- We depend upon PBFX for a substantial portion of our refineries’ logistics needs and have obligations for minimum volume commitments in our commercial agreements with PBFX.
Legal proceedings
In connection with the acquisition of the Torrance refinery and related logistics assets, we assumed certain pre-existing environmental liabilities related to certain environmental remediation obligations to address existing soil and groundwater contamination and monitoring activities, which reflect the estimated cost of the remediation obligations. In addition, in connection with the acquisition of the Torrance refinery and related logistics assets, we purchased a ten-year, $100.0 million environmental insurance policy to insure against unknown environmental liabilities.
We currently have multiple outstanding notices of violation (“NOVs”) issued by regulatory authorities for various alleged regulation and permit violations at our refineries. It is not possible to predict the outcome of any of these NOVs or the amount of the penalties that will be assessed in connection with any NOV. If any one or more of them were decided against us, we believe that there would be no material effect on our financial position, results of operations, or liquidity. SEC regulations require us to disclose certain information about proceedings arising under federal, state, or local provisions regulating the discharge of materials into the environment or primarily for the purpose of protecting the environment, if a governmental authority is a party to such proceeding and such proceeding involves potential monetary sanctions, exclusive of interest and costs, that exceeds a specified threshold. We use a threshold of $1 million for such determination because we believe that such threshold is reasonably designed to result in disclosure of any such proceeding that is material to the business or financial condition.
The opening of Item 3, Legal Proceedings.31
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14SEC EDGAROther events
- 15
- 16
- 17SEC EDGAROther events
- 18
- 19SEC EDGARResults of operations
- 20
- 21SEC EDGAROther events
- 22
- 23SEC EDGARResults of operations
- 24SEC EDGARResults of operations
- 25SEC EDGARRegulation FD disclosure
- 26
- 27
- 28
- 29
- 30
- 31