For the period subsequent to the IPO, the following table sets forth the computation of basic and diluted net income (loss) per Class A common share attributable to PBF Energy:



Basic Earnings Per Share:	Three Months Ended September 30, 2013			Nine Months Ended September 30, 2013
Numerator for basic net income per Class A common share net income (loss) attributable to PBF Energy	$	(19,848	)	$	8,384
Denominator for basic net income (loss) per Class A common share-weighted average shares	39,575,429			30,094,946
Basic net income (loss) attributable to PBF Energy per Class A common share	$	(0.50	)	$	0.28

Diluted Earnings Per Share:
Numerator for diluted net income per Class A common share net income (loss) attributable to PBF Energy (1)	$	(19,848	)	$	8,384

Denominator (1):
Denominator for basic net income (loss) per Class A common share-weighted average shares	39,575,429			30,094,946
Effect of dilutive securities:
Common stock equivalents (2)	—			653,955
Denominator for diluted net income (loss) per common share-adjusted weighted average shares	39,575,429			30,748,901
Diluted net income (loss) attributable to PBF Energy per Class A common share	$	(0.50	)	$	0.27

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(1)

During the three and nine months ended September 30, 2013, the potential conversion of 57,243,672 and 66,724,155 PBF LLC Series A Units, respectively, were excluded from the denominator in computing diluted net income per share because including them would have had an antidilutive effect. As the PBF LLC Series A Units were not included, the numerator used in the calculation of diluted net income per share was equal to the numerator used in the calculation of basic net income per share and does not include the net income and income tax attributable to the net income associated with the potential conversion of the PBF LLC Series A Units.

(2)

Represents an adjustment to weighted-average diluted shares outstanding to assume the full exchange of common stock equivalents, including options and warrants for PBF LLC Series A Units and options for shares of PBF Energy Class A common stock. Common stock equivalents excludes the effects of options to purchase 753,750 shares of PBF Energy Class A common stock because they are anti-dilutive for the nine months ended September 30, 2013.