On this page of StockholderLetter.com we present the 3/21/2023 shareholder letter from PBF Energy Inc. — ticker symbol PBF. Reading current and past PBF letters to shareholders can bring important insights into the investment thesis.


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 &579CDB1>DCN D5<5@8?>5 >E=25B  9>3<E49>7 1B51 3?45
 • shareholder letter icon 3/21/2023 Letter Continued (Full PDF)
 • stockholder letter icon 3/15/2024 PBF Stockholder Letter
 • stockholder letter icon 3/17/2025 PBF Stockholder Letter
 • stockholder letter icon 3/17/2026 PBF Stockholder Letter
 • Benford's Law Stocks icon PBF Benford's Law Stock Score = 83


PBF 3/21/2023 Shareholder/Stockholder Letter Transcript:



+1C89>7D?>           
 &7HA ED; 

 "")   & $#&( $)&') "( (# '  ( #"   #&    4  #  (   '  )& (  ' 
 ?B D85 69C31< I51B 5>454   535=25B    
?B 
  (& "' ( #" & $#&( $)&') "( (# '  ( #"   #&    4  #  (   '  )& (  ' 
              ?B D85 DB1>C9D9?> @5B9?4 6B?=            D?              
 ?==9CC9?>  9<5 "E=25B         
 ?==9CC9?>  9<5 "E=25B            



  H13D >1=5 ?6 B579CDB1>D 1C C@5396954 9> 9DC 381BD5B  
 5<1G1B5
 5<1G1B5


 'D1D5 ?B ?D85B :EB9C493D9?> ?6 9>3?B@?B1D9?> 
?B ?B71>9J1D9?> 
   & '   =@D96931D9?> "?  
#>5 'I +1I  '53?>4  I "5G  5BC5I
  44B5CC ?6 @B9>39@1< 5H53ED9F5 ?66935C 

 .9@  ?45 

 &579CDB1>DCN D5<5@8?>5 >E=25B  9>37 1B51 3?45  



shareholder letter icon 3/21/2023 Letter Continued (Full PDF)
 

PBF Stockholder/Shareholder Letter (PBF Energy Inc.) 3/21/2023 | www.StockholderLetter.com
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