Vertex Energy Reports First Quarter 2020 Results

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Go back to Vertex Energy Reports First Quarter 2020 Results

Vertex Energy (VTNR) Misses Q1 EPS by 18c

May 14, 2020 6:06 AM EDT

Vertex Energy (NASDAQ: VTNR) reported Q1 EPS of ($0.21), $0.18 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $36.2 million versus the consensus estimate of $44.73 million.

1Q20 PERFORMANCE HIGHLIGHTS

Total direct collections +12% year-over-year (y/y)Total net income attributable to Vertex Energy of $2.8 million (+$7.7 million y/y)Total adjusted EBITDA of $1.6 million (+$2.3 million y/y)Total free cash flow of $1.2 millionTotal cash and available liquidity of $20 million as of March 31, 2020Total term debt outstanding of $6.1 million as of March 31, 2020

MANAGEMENT... More