Vertex Energy Inc
NASDAQ:VTNR

  • LAST PRICE
    0.4600
  • TODAY'S CHANGE (%)
    0.0332 (7.7788%)
  • Bid / Lots
    0.4430/ 1
  • Ask / Lots
    0.4700/ 147
  • Open / Previous Close
    0.4268 / 0.4268
  • Day Range
    0.4267
    0.4716
  • 52 Week Range
    0.3917
    5.4000
  • Volume
    1,261,361

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  • Aug 9, 2024

  • Aug 8, 2024

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    • 10:56AM ET on Thursday Aug 08, 2024 by Dow Jones
      Companies Mentioned: VTNR

      Vertex Energy last month hired Seth Bullock as its chief restructuring officer and based on the company's second-quarter financial report released on Thursday, he has his work cut out for him.

    • 6:08AM ET on Thursday Aug 08, 2024 by MT Newswires
      Companies Mentioned: VTNR
      06:08 AM EDT, 08/08/2024 (MT Newswires) -- ...

    • 6:00AM ET on Thursday Aug 08, 2024 by Dow Jones
      Companies Mentioned: VTNR
      EBITDA $13,624 $ (1,985) $ 11,639 $ (443) $(10,469) $ 727 ------------- ------ ------ ------ ------ ------- -------- Three Months Ended March 31, 2024 ------------------------------------------------------------------------------------------- Legacy Refining Total Black Oil & Refining & and Mobile Refinery Marketing Marketing Recovery Corporate Consolidated --------------------------- --------- ----------- --------- --------- ---------------- In thousands Conventional Renewable ---------------- --------- -------- ------ -------- ------- -------- Net income (loss) $ 17,535 $(22,157) $ 442 $ (4,180) $ 990 $(14,664) $ (17,854) Depreciation and amortization 3,330 3,953 51 7,334 1,717 239 9,290 Income tax expense (benefit) - - - - - - - Interest expense 2,455 2,292 - 4,747 96 12,840 17,683 ------------- ------- --- ------- -------- ------ -------- ------- -------- EBITDA $ 23,320 $(15,912) $ 493 $ 7,901 $ 2,803 $ (1,585) $ 9,119 ------------- ------- --- ------- -------- ------ -------- ------- -------- Unrealized (gain) loss on hedging activities (555) 934 20 399 46 - 445 Inventory valuation adjustments 9,657 4,592 - 14,249 - - 14,249 Gain on change in value of derivative warrant liability - - - - - (6,658) (6,658) Stock-based compensation - - - - - 430 430 (Gain) loss on sale of assets 685 - - 685 5 1 691 Other - - - - 354 4 358 ------------- ------- --- ------- -------- ------ -------- ------- -------- Adjusted EBITDA $ 33,107 $(10,386) $ 513 $ 23,234 $ 3,208 $ (7,808) $ 18,634 ------------- ------- --- ------- -------- ------ -------- ------- -------- Unaudited Reconciliation of Long-Term Debt to Net Long-Term Debt and Net Leverage. In thousands As of June 30, 2024 June 30, 2023 --------------- ----------------- Long-Term Debt: Senior Convertible Note $ 15,230 $ 15,230 Term Loan 2025 207,169 150,075 Promissory Note 4,414 - Finance lease liability long-term 64,918 67,290 Finance lease liability short-term 2,541 2,320 Various short term note including insurance premium financing 9,500 9,995 ---------------------------------------- ---------- ---------- Long-Term Debt and Lease Obligations $ 303,772 $ 244,910 ---------------------------------------- ---------- ---------- Unamortized discount and deferred financing costs (24,548) (33,402) ---------------------------------------- ---------- ---------- Long-Term Debt and Lease Obligations per Balance Sheet $ 279,224 $ 211,508 ---------------------------------------- ---------- ---------- Cash and Cash Equivalents (18,763) (48,532) Restricted Cash (100) (3,603) ---------------------------------------- ---------- ---------- Total Cash and Cash Equivalents $ (18,863) $ (52,135) ---------------------------------------- ---------- ---------- Net Long-Term Debt $ 284,909 $ 192,775 ---------------------------------------- ---------- ---------- TTM Adjusted EBITDA $ 12,654 $ 77,477 ---------------------------------------- ---------- ---------- Net Leverage 22.5x 2.5x ---------------------------------------- --------------- -----------------

    • 6:00AM ET on Thursday Aug 08, 2024 by Dow Jones
      Companies Mentioned: VTNR

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