Environmental and Regulatory Risks - The company continues to incur significant capital expenditures for equipment upgrades and facility improvements to reduce operational, safety, and environmental risks[182]. - The company has assumed substantial environmental obligations and liabilities related to recent acquisitions, which may lead to increased compliance costs due to new regulations[182]. - The California Governor's Executive Order N-79-20 aims for no sale of internal combustion engine vehicles by 2035, potentially impacting demand for refined products[192]. - The company faces potential liabilities for environmental clean-up and remediation costs, which could materially affect its financial condition and cash flows[194]. - Record refining industry profits in 2022 have led to proposed legislation in California that could impose penalties on oil refiners based on perceived excessive profits[200]. - The company is subject to stringent environmental regulations that may increase compliance costs and affect operational profitability[183]. - Future climate change regulations could lead to increased capital expenditures and operating costs, adversely impacting financial results[189]. - The company may incur significant costs related to monitoring and reporting greenhouse gas emissions as regulatory requirements evolve[190]. - The company is exposed to potential litigation related to environmental impacts, which could result in substantial legal expenses and liabilities[198]. - Compliance with California's Cap-and-Trade and Low Carbon Fuel Standard regulations may require the company to acquire credits or pay higher prices, affecting financial performance[191]. Financial and Operational Challenges - Current inflation has resulted in increased costs for feedstocks, labor, and materials, which may adversely affect financial condition[214]. - The company faces significant liabilities and costs related to compliance with complex and frequently changing health, safety, and environmental regulations[203]. - Significant capital expenditures are required to maintain the reliability and efficiency of the company's operating facilities, with potential delays or cost increases adversely affecting financial results[227]. - The company is dependent on unaffiliated sources for feedstocks, which may limit flexibility in responding to market conditions[224]. - Labor disruptions may occur due to collective bargaining agreements expiring between 2024 and 2028, potentially affecting operational and financial results[236]. - The company may selectively consider strategic acquisitions in the refining and mid-stream sector, but risks include integration challenges and potential undisclosed liabilities[234]. - Cybersecurity threats pose risks to technology infrastructure, which could adversely affect business operations and financial condition[219]. - Political instability and geopolitical tensions, such as the conflict in Ukraine, may disrupt supply chains and impact market conditions[216]. - The company may encounter challenges in obtaining funding on acceptable terms due to volatility in credit and capital markets[215]. Debt and Financial Obligations - The company has total debt of $1,995.3 million as of December 31, 2022, excluding unamortized deferred debt issuance costs of $36.2 million[242]. - The company has outstanding notes with maturity dates ranging from 2025 to 2028, and the Revolving Credit Facility matures in 2025, indicating potential refinancing challenges[245]. - The company has a liability of $338.6 million under the Tax Receivable Agreement as of December 31, 2022, reflecting estimated future payments[259]. - The 2028 Senior Notes are rated B1 by Moody's, BB by S&P, and BB- by Fitch, which could impact borrowing costs and credit terms with suppliers[248]. - The company may incur additional debt, which could increase leverage risks and financial restrictions due to existing covenants[246]. - The company is dependent on cash distributions from its subsidiaries to meet obligations, including tax liabilities and potential dividends[252]. - The Tax Receivable Agreement requires the company to pay 85% of certain tax benefits to holders of PBF LLC Series A and B Units, which could affect liquidity[257]. - The company may face restrictions on making distributions due to covenants in its debt instruments and applicable laws[255]. - Changes in credit ratings could lead to more burdensome payment terms from suppliers, adversely affecting liquidity and operational capacity[247]. Market and Competitive Landscape - Increased scrutiny on ESG matters may lead to reduced demand for fossil fuel products, impacting revenue and profitability[209]. - Competitors providing alternative energy sources may have a competitive advantage, affecting market positioning[213]. - The market price of PBF Energy Class A common stock has been highly volatile, influenced by market conditions in the oil refining industry and fluctuations in commodity prices[266]. - Anti-takeover provisions in PBF Energy's bylaws may discourage or delay changes in control, affecting stockholder actions[265]. - Stockholders may experience dilution if PBF Energy sells equity or convertible securities to raise capital[269]. Strategic Initiatives - The renewable diesel project aims for a production capacity of 20,000 barrels per day (bpd) and is expected to commence operations in the first half of 2023[206]. - The completion of the renewable diesel project is subject to regulatory approvals and may not occur as anticipated, potentially impacting future operations[206]. - The effectiveness of the company's hedging strategy could materially impact financial results, with potential for earnings volatility due to commodity price fluctuations[241]. - PBF Energy's hedging activities may expose the company to financial loss and earnings volatility due to market conditions and counterparty risks[239]. - The interests of other members of PBF LLC may not align with those of PBF Energy Class A common stockholders, potentially affecting decision-making regarding asset disposals and indebtedness[256]. - PBF Energy's cash flow and ability to pay taxes are contingent on the financial performance of its subsidiaries, which may not always align with cash distributions received[270].

PBF Energy Inc. (NYSE:PBF) Q3 2022 Earnings Conference Call October 27, 2022 8:30 AM ET Company Participants Colin Murray - Senior Director of Investor Relations Tom Nimbley - Chief Executive Officer Matt Lucey - President Erik Young - Senior Vice President & Chief Financial Officer Paul Davis - Senior Vice President of Supply, Trading & Optimization Tom O’Connor - Senior Vice President of Commodity Risk & Strategy Conference Call Participants Roger Read - Wells Fargo Doug Leggate - Bank of America Ryan Tod ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35764 Commission File Number: 333-206728-02 PBF ENERGY INC. PBF ENERGY COMPANY LLC (Exact name of registrant as specified ...

PBF Logistics LP (PBFX) Q2 2022 Earnings Conference Call July 28, 2022 11:00 AM ET Company Participants Colin Murray - Head, IR Matthew Lucey - EVP Erik Young - SVP & CFO Conference Call Participants Operator Good day, everyone, and welcome to the PBF Logistics Second Quarter 2022 Earnings Conference Call and Webcast. At this time, all participants have been placed in a listen-only mode and the floor will be open for your questions following management's prepared remarks. [Operator Instructions] Please note ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35764 Commission File Number: 333-206728-02 PBF ENERGY INC. PBF ENERGY COMPANY LLC (Exact name of registrant as specified in it ...

PBF Logistics LP (PBFX) Q1 2022 Earnings Conference Call April 28, 2022 11:00 AM ET Company Participants Colin Murray - Head, IR Matthew Lucey - EVP & Director Erik Young - Senior VP, CFO & Director Conference Call Participants Spiro Dounis - Crédit Suisse Operator Good day, everyone, and welcome to the PBF Logistics LP First Quarter 2022 Earnings Conference Call and Webcast. [Operator Instructions]. Please note this conference is being recorded. It is now my pleasure to turn the floor over to Colin Murray, ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2022 or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35764 Commission File Number: 333-206728-02 PBF ENERGY INC. PBF ENERGY COMPANY LLC (Exact name of registrant as specified in i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (973) 455-7500 (Registrants' telephone number, including area code) For the fiscal year ended: December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35764 Commission File Number: 333-206728-02 PBF ENERGY INC. PBF ...

PBF Logistics LP (PBFX) Q4 2021 Earnings Conference Call February 10, 2022 11:00 AM ET Company Participants Colin Murray – Investor Relations Matt Lucey – Executive Vice President Erik Young – Senior Vice President and Chief Financial Officer Conference Call Participants Chad Bryant – Credit Suisse Operator Good day, everyone, and welcome to the PBF Logistics LP Fourth Quarter 2021 Earnings Conference Call and Webcast. At this time all participants have been placed in a listen-only mode. And the floor will ...

PBF Energy Inc. (NYSE:PBF) Q3 2021 Earnings Conference Call October 28, 2021 8:30 AM ET Company Participants Colin Murray - Investor Relations Tom Nimbley - Chief Executive Officer Matt Lucey - President Erik Young - Chief Financial Officer Tom O'Connor - Senior Vice President, Commercial Conference Call Participants Carly Davenport - Goldman Sachs Doug Leggate - Bank of America Connor Lynagh - Morgan Stanley Theresa Chen - Barclays Phil Gresh - JPMorgan Matthew Blair - Tudor, Pickering, Holt Karl Blunden - ...