PBF Energy Bolsters Financial Standing with Strategic East Coast Terminal Asset Sale

In a significant strategic move designed to bolster its financial foundation, PBF Energy Inc. (NYSE: PBF) proudly announced the successful conclusion of the sale of its East Coast terminal assets. The pivotal transaction, which saw the assets transfer to PBF Logistics LP (NYSE: PBFX), officially closed on September 1, 2025, marking a crucial step in PBF Energy's ongoing efforts to optimize its balance sheet and enhance operational flexibility.

This landmark divestiture commanded a compelling value of $100 million, underscoring the inherent value of the sophisticated infrastructure involved.

The consideration was structured to deliver immediate and long-term benefits to PBF Energy, comprising approximately $90 million in vital cash proceeds alongside $10 million in PBF Logistics LP common units. This dual-component payout is meticulously designed to accelerate PBF Energy's financial objectives.

The primary impetus behind this strategic asset sale is PBF Energy's unwavering commitment to aggressive debt reduction and the profound enhancement of its overall liquidity.

By monetizing non-core assets, the company is directly channeling capital towards strengthening its financial position, ensuring greater resilience and agility in a dynamic energy landscape. This move also highlights the complementary relationship between PBF Energy and PBF Logistics, where the latter continues to strategically expand its midstream portfolio.

For PBF Energy, the completion of this sale represents more than just a transaction; it's a testament to its disciplined financial strategy.

The infusion of capital is expected to significantly de-lever the company, providing a stronger financial footing for future growth initiatives and reinforcing shareholder value. This strategic realignment positions PBF Energy for sustained success, allowing it to focus resources on its core refining operations while maintaining a robust and adaptable financial framework.