PBF Energy Announces Closing of Terminal Assets Sale

Core Insights - PBF Energy Inc. has successfully closed the sale of terminal assets for $175 million, enhancing liquidity and monetizing non-core assets [1][2] - The sold assets include two refined product terminal facilities located in Philadelphia, PA, and Knoxville, TN, with a total storage capacity of approximately 1.9 million barrels [1] - Barclays acted as the exclusive financial advisor for this transaction [2] Financial Performance - The transaction is part of PBF Energy's strategy to continuously review its portfolio to maximize value for investors [2] - The company is expected to release its third-quarter earnings results on October 30, 2025 [6] Company Overview - PBF Energy Inc. is one of the largest independent refiners in North America, operating refineries and related facilities across several states [3] - The company aims to operate in a safe, reliable, and environmentally responsible manner while providing superior returns to investors [3] Joint Ventures - PBF Energy holds a 50% stake in the St. Bernard Renewables joint venture, which focuses on producing next-generation sustainable fuels [4]