Vertex Energy Inc
NASDAQ:VTNR

  • LAST PRICE
    1.1500
  • TODAY'S CHANGE (%)
    0.0100 (0.8772%)
  • Bid / Lots
    1.1400/ 2
  • Ask / Lots
    1.1500/ 21
  • Open / Previous Close
    1.1600 / 1.1400
  • Day Range
    1.1000
    1.1800
  • 52 Week Range
    0.9500
    7.2800
  • Volume
    2,222,329

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  • May 9, 2024

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    • 9:38AM ET on Thursday May 09, 2024 by Dow Jones
      Companies Mentioned: VTNR

      Vertex Energy on Thursday said it will "pause" renewable diesel production at its Mobile, Ala., refinery and use that capacity to produce more fossil-based fuels.

      The plans were disclosed as Vertex reported a first-quarter net loss of $17.7 million. Vertex said it made 4,090 b/d of renewable diesel in the quarter, but at a loss of $10.5 million.

    • 6:09AM ET on Thursday May 09, 2024 by MT Newswires
      Companies Mentioned: VTNR
      06:09 AM EDT, 05/09/2024 (MT Newswires) -- ...

    • 6:00AM ET on Thursday May 09, 2024 by Business Wire
      Companies Mentioned: VTNR

      Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products and renewable fuels, today announced its operational and financial results for the first quarter of 2024. The Company also announced that it plans to optimize its hyrdrocracking capacity between conventional production and renewables production moving forward.

    • 6:00AM ET on Thursday May 09, 2024 by Dow Jones
      Companies Mentioned: VTNR
      (loss) $ (11,112) $(30,266) $(2,424) $(43,801) $(1,670) $(18,395) $ (63,865) Depreciation and amortization 3,252 4,017 313 7,582 1,476 167 9,225 Income tax expense (benefit) - - - - (517) 2,060 1,543 Interest expense 2,473 2,820 - 5,293 62 10,675 16,029 ------------- -------- ------- ------ --- ------- ------ ------- -------- EBITDA $ (5,387) $(23,429) $(2,111) $(30,926) $ (649) $ (5,493) $ (37,068) ------------- -------- ------- ------ ------- ------ ------- -------- Unrealized (gain) loss on hedging activities 4,892 77 (7) 4,962 19 - 4,981 Inventory valuation adjustments (3,400) 2,152 - (1,248) - - (1,248) Gain on change in value of derivative warrant liability - - - - - (2,956) (2,956) Stock-based compensation - - - - - 783 783 (Gain) loss on sale of assets - - - - - 3 3 Acquisition costs - - - - - - - Other - - - - 389 (1) 388 ------------- -------- ------- ------ --- ------- ------ ------- -------- Adjusted EBITDA $ (3,895) $(21,200) $(2,118) $(27,212) $ (241) $ (7,664) $ (35,117) ------------- -------- ------- ------ ------- ------ ------- -------- Twelve Months Ended March 31, 2024 ------------------------------------------------------------------------------- ---------------- Legacy Total Black Oil Refining & Refining & and Mobile Refinery Marketing Marketing Recovery Corporate Consolidated ------------------------- In thousands Conventional Renewable -------------- --------- ------------ ------------ ------------ ---------- ---------------- Net income (loss) $ 49,932 $(94,694) $(4,782) $(49,544) $ 48,246 $(142,343) $ (143,641) Depreciation and amortization 14,387 13,343 932 28,662 5,700 740 35,102 Income tax expense (benefit) - - - - 18,682 (32,144) (13,462) Interest expense 11,656 7,307 - 18,963 227 105,583 124,773 ------------- ---------- ------- ------ --- ------- ------- -------- --------- EBITDA $ 75,975 $(74,044) $(3,850) $ (1,919) $ 72,855 $ (68,164) $ 2,772 ------------- ---------- ------- ------ ------- ------- -------- --------- Unrealized (gain) loss on hedging activities 566 302 (2) 866 (418) - 448 Inventory valuation adjustments 15,236 6,638 - 21,874 - - 21,874 Gain on change in value of derivative warrant liability - - - - - (23,835) (23,835) Stock-based compensation - - - - - 2,350 2,350 (Gain) loss on sale of assets 685 - - 685 (69,224) 66,093 (2,446) Other - - - - (241) (35) (276) ------------- ---------- ------- ------ --- ------- ------- -------- --------- Adjusted EBITDA $ 92,462 $(67,104) $(3,852) $ 21,506 $ 2,972 $ (23,591) $ 887 ------------- ---------- ------- ------ ------- ------- -------- ---------

    • 6:00AM ET on Thursday May 09, 2024 by Dow Jones
      Companies Mentioned: VTNR

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