Vertex Energy (VTNR) Reports Q1 Net Income of $7.3M

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Go back to Vertex Energy (VTNR) Reports Q1 Net Income of $7.3M

Vertex Energy Reports First Quarter 2022 Results

May 10, 2022 5:01 AM EDT

HOUSTON, TX / ACCESSWIRE / May 10, 2022 / Vertex Energy, Inc. (NASDAQ: VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced its financial results for the first quarter ended March 31, 2022.

FIRST QUARTER 2022 UPDATE

(As compared to the first quarter 2021)

Total gross profit of $20.9 million, inclusive of discontinued operations, an increase of 56% y/yNet loss of $0.8 millionAdjusted net income of $7.3 million, an increase of $2.1 million y/yAdjusted EBITDA of $13.0 million, an increase of 86% y/yTrailing twelve-month Adjusted EBITDA of $31.3... More