Vertex Energy

Vertex Energy, Inc. engages in the recycle of industrial waste streams and off-specification commercial chemical products. The firm focuses on the recycle of used motor oil and other petroleum by-products. It operates through the following segments: Black Oil, Refining and Marketing and Recovery. The Black Oil segment collects and purchases used motor oil from third-party generators, established network of local and regional collectors and sells used motor oil to customers for use as a feedstock or replacement fuel for industrial burners. The Refining and Marketing segment manages the re-refinement of used motor oil and other petroleum by-products and sells the re-refined products to end customers. The Recovery segment includes a generator solutions company for the proper recovery and management of hydrocarbon streams as well as metals. The company was founded by Benjamin P. Cowart in 2001 and is headquartered in Houston, TX.

Earnings data Q4 2020

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Vertex Energy excels in Q4 2022, eyes renewable fuels growth

Vertex Energy delivered a strong Q4 performance driven by operational excellence and strategic divestitures. The company is well-positioned to capitalize on opportunities in renewable fuels and sustainable aviation projects. Challenges include managing market uncertainties and logistical complexities in feedstock acquisition and processing.

Vertex Energy tackles RD project delays while eyeing infrastructure growth

Vertex Energy faces challenges with RD project delays affecting LCFS credit timelines and inventory growth. However, the company's focus on safe operations and agreements for pre-treatment facilities present strengths. Opportunities lie in infrastructure development and capital adjustments for renewable diesel projects.

Vertex Energy reports Q2 loss but eyes growth in renewable diesel

Vertex Energy navigated challenges in Q2 2023, focusing on operational excellence, capital efficiency, and balance sheet improvement for future growth.
Despite a net loss, the company achieved breakeven and positioned well for profitability with a focus on renewable diesel production and market opportunities.
Market dynamics, refining margin weakness, and operational challenges were addressed, with a positive outlook on future profitability and growth strategies.
Vertex Energy's strategic focus on renewable diesel, operational stability, and cost management aims to drive shareholder value and long-term success.

Vertex Energy excels in Q3 with strong renewable diesel performance

Vertex Energy's Q3 performance reflects operational excellence, financial strength, and confidence in the renewable diesel business's profitability path.
The company's strengths lie in operational efficiency, team capability, and a strategic focus on vertically integrating the renewable supply chain.
Challenges include optimizing margins, balancing capacity, and financial management, while opportunities exist in feedstock optimization, LCFS credits, and market growth.
Overall, Vertex Energy is well-positioned to navigate challenges, capitalize on opportunities, and drive profitability in the renewable diesel market.

Vertex Energy focuses on renewable growth amidst financial challenges

Vertex Energy's focus on renewable business and cost optimization presents growth potential despite financial challenges.
Strategic investments in renewable diesel and operational improvements position the company for margin enhancement and revenue growth.
Balancing liquidity evaluation with growth plans, Vertex Energy aims to navigate challenges and capitalize on opportunities in the energy sector.

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Vertex Energy, Inc. engages in refining and marketing conventional and lower-carbon alternative transportation fuels. It operates through Refining and Marketing and Black Oil and Recovery segments. The Refining and Marketing segment manages the refining of crude oil and renewable feedstocks, and distributes finished products across the Southeastern U. S. through truck rack. The Black Oil and Recovery segment aggregates and manages the re-refinement of used motor oil and other petroleum by-products and sells the re-refined products to end customers. The company was founded by Benjamin P. Cowart in 2001 and is headquartered in Houston, TX.

VTNR enters a Restructuring Support Agreement, supported by $80M Debtor-in-Possession financing, to continue day-to-day operations.

Vertex Energy Initiates Bankruptcy Proceedings, Shares Plunge

HOUSTON--(BUSINESS WIRE)--Vertex Energy, Inc. (NASDAQ: VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced it entered into a Restructuring Support Agreement (the “RSA”) with overwhelming support of 100% of the Company's term loan lenders (the “Consenting Term Loan Lenders”). To facilitate the transactions contemplated under the RSA, including exploration of a sale transaction, the Company commenced Chapter 11 cases in the.

Vertex Energy and Its Lenders Initiate Formal Pathway Aimed at Achieving Sustainable Capital Structure

HOUSTON--(BUSINESS WIRE)--Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that Doug Haugh is stepping down from his role as the Company's Chief Commercial Officer. Mr. Haugh has agreed to provide continued support throughout the rest of 2024, as a Senior Corporate Advisor. The Company also announced that Joshua Foster has been appointed as Chief Commercial Officer and that Benjamin P. Cowar.

Vertex Energy Announces Management Transition

Vertex Energy, Inc. (NASDAQ:VTNR ) Q2 2024 Earnings Conference Call August 8, 2024 9:00 AM ET Company Participants Chris Delange - IR Coordinator Ben Cowart - Chairman and CEO Doug Haugh - Chief Commercial Officer Chris Carlson - CFO Conference Call Participants Operator Good morning. I would like to welcome everyone to Vertex Energy's Second Quarter 2024 Conference Call.

Vertex Energy, Inc. (VTNR) Q2 2024 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products and renewable fuels, today announced its operational and financial results for the second quarter of 2024. The Company also updated its progress in the optimization of its hydrocracking capacity between conventional production and renewables production. The Company will host a conference call to discuss second quarter 2024 results tod.

Vertex Energy Announces Second Quarter 2024 Results

HOUSTON--(BUSINESS WIRE)--Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products and renewable fuels, today announced that it will report its second quarter 2024 financial results before the market opens on Thursday, August 8, 2024. A conference call will be held that same day at 9:00 A.M. ET to review the Company's financial results and discuss recent events. An audio webcast of the conference call and accompanyi.

Vertex Energy Schedules Second Quarter 2024 Earnings Release and Conference Call

HOUSTON--(BUSINESS WIRE)--Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that Mr. James Rhame will be retiring as Chief Operating Officer (COO) effective July 25th, 2024. Mr. Rhame has agreed to continue supporting Vertex in a consulting role through the end of 2024. Upon Mr. Rhame's retirement, Mr. Doug Haugh, Vertex's Chief Commercial Officer, will also assume the role of interim Chief O.

Vertex Energy Announces Retirement of Chief Operating Officer, James Rhame

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 rang.

Vertex Energy Provides Operational Update for Second Quarter 2024

Vertex Energy (VTNR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Vertex Energy (VTNR) Upgraded to Buy: What Does It Mean for the Stock?

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Vertex Energy, Inc. (NASDAQ:VTNR ) Q1 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants Chris Delange – Investor Relations Coordinator Ben Cowart – Chairman and Chief Executive Officer James Rhame – Chief Operating Officer Chris Carlson – Chief Financial Officer Doug Haugh – Chief Commercial Officer Conference Call Participants Noah Kaye – Oppenheimer Sameer Joshi – Wainwright Eric Stine – Craig-Hallum Donovan Schafer – Northland Capital Markets Saumya Jain – UBS Brian Butler – Stifel Jason Gabelman – TD Cowen Operator Hello everyone, and welcome to Vertex Energy, Incorporated First Quarter 2024 Earnings Conference Call. Please note that this call is being recorded.

Vertex Energy, Inc. (VTNR) Q1 2024 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products and renewable fuels, today announced its operational and financial results for the first quarter of 2024. The Company also announced that it plans to optimize its hyrdrocracking capacity between conventional production and renewables production moving forward. The Company will host a conference call to discuss first quarter 2024 resul.

Vertex Energy Announces First Quarter 2024 Results and Optimization of Hydrocracking Capacity From Renewables to Conventional Production

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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 first quarter of 2024. Highlights include: Anticipated conventional throughput of 64,000 barrels per day (bpd) exceeding guidance of 60,000 to 63,000 bpd due to stronger capacity utilization compared to forecast; Strong renewable throughput and utilization in l.

Vertex Energy Provides Operational Update for First Quarter 2024

HOUSTON--(BUSINESS WIRE)--Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products and renewable fuels, today announced that it will report its first quarter 2024 financial results before the market opens on Thursday, May 9, 2024. A conference call will be held that same day at 9:00 A.M. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. An audio webcast of.

Vertex Energy Schedules First Quarter 2024 Earnings Release and Conference Call

HOUSTON--(BUSINESS WIRE)--Two in-text references to fourth-quarter 2023 net loss per fully-diluted share to be corrected. First bullet point under “FOURTH QUARTER 2023 HIGHLIGHTS” should read: Reported net loss attributable to the Company of ($63.9) million, or ($0.68) per fully-diluted share (instead of “Reported net loss attributable to the Company of ($63.9) million, or ($0.84) per fully-diluted share”). First sentence of the first paragraph under “FOURTH QUARTER 2023 HIGHLIGHTS” should read.

CORRECTING and REPLACING Vertex Energy Announces Fourth Quarter and Full Year 2023 Financial Results

Vertex Energy, Inc. (VTNR) Q4 2023 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--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 fourth quarter ended December 31, 2023. The Company will host a conference call to discuss fourth quarter 2023 results today, at 8:30 A.M. Eastern Time. Details regarding the conference call are included at the end of this release. FOURTH QUARTER 2023 HIGHLIGHTS Reported net loss attribu.

Vertex Energy Announces Fourth Quarter and Full Year 2023 Financial Results

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HOUSTON--(BUSINESS WIRE)--Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products and renewable fuels, today announced that it will report its fourth quarter 2023 financial results before the market opens on Wednesday, February 28, 2024. A conference call will be held that same day at 8:30 A.M. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. An audio we.

Vertex Energy Announces Fourth Quarter 2023 Earnings Release and Conference Call Date

Vertex (VTNR) anticipates lower throughput volumes for the fourth quarter, reflecting deteriorating market conditions. The operational outlook seems better than the guidance.

Vertex (VTNR) Expects Reduced Throughput Volumes in Q4 2023

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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 fourth quarter of 2023, and announced the timing of its Fourth Quarter and Full-Year 2023 Earnings Release and Conference Call. Fourth Quarter Conventional Throughput Volumes Slightly Below Prior Forecasts Reported throughput volumes at the Company's Mobile, A.

Vertex Energy Provides Operational Update for Fourth Quarter 2023

HOUSTON--(BUSINESS WIRE)--Vertex Energy, Inc. (NASDAQ: VTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products, today announced that it has successfully amended its existing term loan agreement. The Company has reached an agreement with its existing group of lenders to modify certain terms and conditions of the term loan agreement aimed at improving the Company's balance sheet. The amended term loan provides for an incremental $50.0 million i.

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