Vertex Energy (VTNR) Provides Operational Update for Second Quarter 2024

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Go back to Vertex Energy (VTNR) Provides Operational Update for Second Quarter 2024

Vertex Energy Provides Operational Update for Second Quarter 2024

July 16, 2024 5:00 PM EDT

HOUSTON--(BUSINESS WIRE)-- Vertex Energy, Inc. (NASDAQ: VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today provided an update to its financial and operational outlook for the second quarter of 2024.

Highlights include:

Expected reductions in direct operating expense of 7% and capital expenditures of 29%, compared to previous guidance midpoints; Anticipated conventional throughput of 68,000 barrels per day (bpd), within guidance range of 68,000 to 72,000 bpd; and Renewable throughput and utilization in line with prior guidance, which took into account the... More