Vertex Energy (VTNR) Provides Q2 Operational Update

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Go back to Vertex Energy (VTNR) Provides Q2 Operational Update

Vertex Energy Provides Operational Update for Second Quarter 2023

July 25, 2023 6:00 AM EDT

Renewable diesel ("RD") production achieved full targeted production capacity of 8,000 bpd during the quarter, as planned

Conventional throughput volumes for the second quarter of 2023 of approximately 76,000 bpd to exceed previously forecasted 68,000-72,000 bpd range, reflecting active mitigation of expected supply disruption impact during quarter

Expected second quarter capture rate of 30%-35% below previously forecasted range of 50%-54%, negatively impacted by significant price volatility in fuels and refined product markets

HOUSTON--(BUSINESS WIRE)-- Vertex Energy, Inc. (NASDAQ:... More