Vertex Energy (VTNR) Issues Q4 Operational Update
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Vertex Energy Provides Operational Update for Fourth Quarter 2023
January 23, 2024 6:30 AM UTCConventional throughput volumes anticipated at approximately 67,000 bpd, vs. previously forecasted 68,000-71,000 bpd
Expected fourth quarter finished product yield of 65%-67%, in line with previously forecasted range of 64%-68%
Renewable throughput volumes anticipated at approximately 3,900 bpd, at the low end of previously forecasted 4,000-6,000 bpd
Expected renewable production yield at approximately 96% vs. prior forecasted range of 97%-98%
Average fourth quarter crack spreads on finished refined products declined 40% vs. third quarter average levels.
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