PBF Logistics LP Stock: price and directors' dealings · United States · SEC (Form 4)

About PBF Logistics LP

PBF Logistics LP (NYSE, United States; ticker PBFX) is a logistics-focused energy partnership that sits within the broader PBF Energy ecosystem. The company’s core business is the ownership, operation, development, and acquisition of logistics assets tied to refined petroleum products and crude oil. In practical terms, PBFX is a midstream infrastructure operator: it manages terminals, pipelines, storage facilities, and rail/truck unloading and loading infrastructure that help move and store refined products. It is not an exploration or refining company; its value proposition is infrastructure, throughput support, and proximity to key downstream demand and refining hubs. ([investors.pbfenergy.com](https://investors.pbfenergy.com/news/news-details/2025/PBF-Energy-Announces-First-Quarter-2025-Results-Sale-of-Terminal-Assets-and-Declares-Dividend-of-0-275-per-Share/default.aspx?utm_source=openai)) The company is based in Parsippany, New Jersey, United States, with SEC filings listing One Sylvan Way, Second Floor, Parsippany, NJ 07054 as a reference address. PBFX was created within the PBF structure as a dedicated logistics platform, designed to hold and operate strategically located assets that support the group’s refinery network and product distribution chain. That historical linkage to PBF Energy remains central to understanding the business: PBFX’s assets are largely integrated with or located near PBF’s refineries and related supply routes, which gives the partnership operational relevance beyond a standalone logistics footprint. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1582568/000158256820000010/pbflogistics201910-k.htm?utm_source=openai)) From a business-line perspective, PBFX generates its economic exposure from terminaling, storage, handling, and pipeline infrastructure. Its assets are used to receive refined products, store them in tanks, and move them onward via trucks, rail, or pipeline. This asset mix creates a relatively defensive logistics profile compared with upstream energy businesses, but it also concentrates the company in a narrow slice of the energy value chain. For equity investors, the key analytical question is not commodity production but asset utilization, contract structure, and the strategic value of the terminals and pipelines to the parent network. ([investors.pbfenergy.com](https://investors.pbfenergy.com/news/news-details/2025/PBF-Energy-Announces-First-Quarter-2025-Results-Sale-of-Terminal-Assets-and-Declares-Dividend-of-0-275-per-Share/default.aspx?utm_source=openai)) PBFX’s competitive position is best described as niche and strategically embedded rather than broad and independent. Its main advantages are the location of its assets, the operational link to PBF Energy’s refinery system, and the ability to support efficient product movement in major U.S. markets. Because many of its assets are adjacent to or near refineries, it benefits from lower logistical friction and a tighter industrial chain than a more diversified third-party logistics provider might have. ([investors.pbfenergy.com](https://investors.pbfenergy.com/news/news-details/2025/PBF-Energy-Announces-First-Quarter-2025-Results-Sale-of-Terminal-Assets-and-Declares-Dividend-of-0-275-per-Share/default.aspx?utm_source=openai)) Recent developments have pointed toward portfolio simplification and asset monetization. In 2025, PBF Energy announced and later closed the sale of two refined-product terminal facilities in Philadelphia, Pennsylvania and Knoxville, Tennessee for $175 million in cash. The assets included 38 storage tanks and about 1.9 million barrels of storage capacity, plus associated truck racks. Management described the transaction as a monetization of non-core assets and a way to increase liquidity, which is material for understanding the current direction of the PBFX asset base. ([investors.pbfenergy.com](https://investors.pbfenergy.com/news/news-details/2025/PBF-Energy-Announces-Closing-of-Terminal-Assets-Sale/default.aspx?utm_source=openai))