PBF Energy Inc. Presents at Morgan Stanley Fourth Annual Refining Corporate Access Day, May-16-2013 . Venue: New York, United States.

PBF Energy Inc. announced that Don Lucey, Executive Vice President - Commercial, has elected to retire, effective December 31, 2013. Mr. Lucey will continue to be responsible for day-to-day management of the Commercial group through June 1, 2013. At that time, Paul Davis, Senior Director - Crude Oil Origination, and Todd O'Malley, Senior Director - Clean Products, will become co-heads of Commercial, reporting to PBF Chief Executive Officer Tom Nimbley. Mr. Davis will have responsibilities relative to crude oil, while Mr. O'Malley will manage products. During his remaining tenure, Mr. Lucey will assist in ensuring a steady transition, as well as working on pending corporate projects. Mr. Davis worked for 16 years with Mobil Oil in various operational and commercial positions, including feedstocks, crude, and products; as well as optimization roles within refineries. He also spent five years with Premcor as a member of its Commercial group and seven years with HETCO in its NYC Commercial group. Mr. O'Malley joined the company in November 2010 from HETCO.

PBF Energy Inc. announced that it will pay a quarterly dividend of $0.30 per share of Class A common stock on June 7, 2013 to holders of record as of May 21, 2013. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company's revenues were $4,797,847,000 compared to $4,716,106,000 a year ago. Income from operations was $100,105,000 compared to loss from operations of $164,083,000 a year ago. Income before income taxes was $77,155,000 compared to loss before income taxes of $202,531,000 a year ago. Net income was $69,711,000 compared to net loss of $202,531,000 a year ago. Net income attributable to the company was $11,406,000 or $0.48 per basic and diluted class A share. Cash flows from operations were $211,066,000 against cash flow used by operations of $268,701,000 for the same period in the last year. Adjusted pro forma net income was $46,686,000 or $0.48 per fully diluted share compared to adjusted pro forma net loss of $122,552,000 or $1.26 per fully diluted share a year ago. EBITDA was $125,298,000 compared to LBITDA of $150,581,000 a year ago. Adjusted EBITDA was $109,081,000 compared to adjusted LBITDA of $155,725,000 a year ago. Net debt declined by $120 million over the first quarter from year end to $323 million.