PBF Energy Announces Closing of Terminal Assets Sale

Provided By PR Newswire

Last update: Sep 30, 2025

PARSIPPANY, N.J., Sept. 30, 2025 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today announced the closing of the sale of terminal assets previously agreed on April 30, 2025, and announced on May 1, 2025. PBF Energy, through a subsidiary of PBF Logistics LP, has sold two refined product terminal facilities located in Philadelphia, PA and Knoxville, TN for $175 million in cash. The combined assets include 38 storage tanks with approximately 1.9 million barrels of storage capacity, and associated truck racks. The transaction closed on September 30, 2025.