Connor Fitzpatrick's questions to PBF Energy Inc (PBF) leadership • Q1 2025
Question
Connor Fitzpatrick of Bank of America asked if current heavy maintenance on the West Coast could improve future asset reliability and which California regulations are the most financially burdensome.
Answer
SVP Michael A. Bukowski confirmed that turnarounds at Martinez and Torrance are opportunities to improve reliability, complementing system-wide initiatives. President and CEO Matthew Lucey identified regulations like AB32 as creating an 'unlevel playing field' versus importers and stressed the need for a competitive business environment, noting recent collaborative dialogue with the state.