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.

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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.

Vertex Energy (VTNR) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Here's Why "Trend" Investors Would Love Betting on Vertex Energy (VTNR)

Vertex Energy, Inc. (NASDAQ:VTNR ) Q1 2022 Earnings Conference Call May 10, 2022 9:00 AM ET Company Participants Noel Ryan – Investor Relations Ben Cowart – Chairman and Chief Executive Officer Chris Carlson – Chief Financial Officer Alvaro Ruiz – Executive Vice President-Development Conference Call Participants Manav Gupta – Credit Suisse Eric Stein – Craig-Hallum Amit Dayal – H.C. Wainwright Operator Good day, ladies and gentlemen, and welcome to the Vertex Energy Q1 2022 Earnings Conference Call.

Vertex Energy's (VTNR) CEO Ben Cowart On Q1 2022 Results - Earnings Call Transcript

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/y Net loss of $0.8 million Adjusted net income of $7.3 million, an increase of $2.1 million y/y Adjusted EBITDA of $13.0 million, an increase of 86% y/y Trailing twelve-month Adjusted EBITDA of $31.3 million, an increase of $28.8 million y/y Completed acquisition of Mobile refinery on April 1, 2022 Introduced full-year 2022 and 2023 financial guidance For the three months ended March 31, 2022, the Company reported a net loss of $0.8 million, versus net income of $3.0 million in the first quarter 2021.

Vertex Energy Reports First Quarter 2022 Results

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Vertex Energy Inc (NASDAQ: VTNR) has an average trading volume of over 2 million, so it is no slouch of a stock in terms of interest.  Vertex engages in recycling industrial waste streams and off-specification commercial chemical products.

This Obscure Stock Has Outperformed Tech And EV Giants

HOUSTON, TX / ACCESSWIRE / April 28, 2022 / Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-purity refined products, today announced that it will issue first quarter 2022 financial results before the market opens on Tuesday, May 10, 2022. A conference call will be held that same day at 9:00 A.M.

Vertex Energy Announces First Quarter 2022 Results Conference Call Date

Vertex Energy has closed its deal to acquire the Mobile Refinery from Shell. This is a pivotal point in the company's history as 2023 estimates and expectations have gone through the roof.

Vertex Energy: At The Verge Of A Transformational Tipping Point

Shell PLC

The oil supermajor, Shell (SHEL), completes the sale of its refinery in Mobile, AL to Vertex Energy (VTNR).

Shell Plc (SHEL) Sells Mobile Refinery to Vertex Energy

HOUSTON, TX / ACCESSWIRE / April 1, 2022 / Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products today announced the completion of the previously announced acquisition of the Mobile, Alabama refinery and related marine terminal and logistics assets from Equilon Enterprises LLC d/b/a Shell Oil Products US ("Shell"), Shell USA, Inc. and Shell Chemical LP for a base purchase price of $75 million in cash, together with approximately $25 million related to specified capital expenditures and other closing adjustments. At closing, Vertex acquired approximately $165 million in hydrocarbon inventory from Shell that was financed through an intermediation agreement arranged by Vertex.

Vertex Energy Completes Acquisition of Mobile Refinery

Vertex Energy Inc (NASDAQ: VTNR) is trading higher on above-average volume Thursday as oil prices gain following the collapse of Russia-Ukraine ceasefire talks.  Foreign ministers from Russia and Ukraine gathered in Turkey on Thursday to discuss a ceasefire for civilians fleeing.

What's Going On With Vertex Energy Shares Today?

The used-oil refiner reported earnings, but it was the business update that likely put investors in a buying mood.

Why Vertex Energy Stock Rocketed 23% at the Open Today

Vertex Energy Inc (NASDAQ: VTNR) reported fourth-quarter revenue growth of 82.5% year-over-year to $31.79 million, beating the consensus of $29.37 million. Q4 Adjusted net income recovered to $4.64 million from a loss of $(2.74) million in 4Q20.

Vertex Energy Stock Skyrockets After Q4 Results; Expects To Close Mobile Refinery Deal As Planned

Vertex, Inc.

Vertex Energy, Inc. (VTNR) CEO Ben Cowart On Q4 2021 Results - Earnings Call Transcript

HOUSTON, TX / ACCESSWIRE / March 8, 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 fourth quarter and full-year 2021 ended December 31, 2021. FOURTH QUARTER 2021 UPDATE (As compared to the fourth quarter 2020)* Used motor oil (UMO) collection and refining assets deliver record fourth quarter results Total gross profit of $15.5 million, an increase of 201% for the fourth quarter Net loss of $5.3 million during the fourth quarter Adjusted net income of $4.6 million, excluding non-cash and non-recurring items** Adjusted EBITDA of $9.5 million for fourth quarter 2021, an increase of $9.9 million from the fourth quarter 2020 *Inclusive of discontinued operations **Adjustments include $4.6 million loss on change in derivative liability, $2.1 million impairment loss on assets and $3.5 million in non-recurring transaction-related costs RECENT STRATEGIC MILESTONES Received $125 million term loan commitment letter from syndicate of established lenders Entered into five-year renewable diesel supply-offtake agreement with Idemitsu Apollo Renewable Corp. Executed agreement with Haldor Topsoe as technology provider on renewable diesel conversion project Plans to assume ownership of the Mobile refinery on April 1, 2022 For the three months ended December 31, 2021, the Company reported a net loss of ($5.3) million, versus a net loss of ($2.9) million in the fourth quarter 2020.

Vertex Energy Reports Fourth Quarter and Full-Year 2021 Results and Provides Strategic Update on Mobile Refinery Acquisition

HOUSTON, TX / ACCESSWIRE / February 22, 2022 / Vertex Energy, Inc. (NASDAQ:VTNR, "Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that, in conjunction with its previously disclosed planned acquisition (through one or more of its affiliates) of the Mobile refinery ("Mobile Refinery") and related logistics assets from Equilon Enterprises LLC d/b/a Shell Oil Products US, the Company's wholly-owned subsidiary, Vertex Refining Alabama LLC, a Delaware limited liability company has entered into a commitment letter (the "Commitment Letter") with a syndicate of lenders in respect of a three-year, $125 million first-lien senior secured term loan facility (the "Term Loan"). The closing date and the funding of the Term Loan are subject to the closing of Vertex's planned acquisition of the Mobile Refinery during the first quarter of 2022, in addition to various conditions precedent, as set forth in more detail in the Commitment Letter (including all exhibits thereto) filed with the Securities and Exchange Commission on the Company's Form 8-K on February 22, 2022.

Vertex Energy Receives Commitment Letter for $125 Million Senior Secured Term Loan

HOUSTON, TX / ACCESSWIRE / February 22, 2022 / Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-purity refined products, today announced that it will issue fourth quarter and full-year 2021 financial results before the market opens on Tuesday, March 8, 2022. A conference call will be held that same day at 9:00 A.M.

Vertex Energy Announces Fourth Quarter And Full-year 2021 Results Conference Call Date

HOUSTON, TX / ACCESSWIRE / February 17, 2022 / Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex Energy", "Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it has entered into a 5-year product supply agreement with Idemitsu Apollo Renewable Corporation ("Idemitsu"), a wholly-owned California-based subsidiary of Idemitsu Kosan. The agreement is conditional upon certain conditions precedent, including the closing of Vertex's planned acquisition of the Mobile, Alabama refinery ("Mobile") as previously disclosed, and the completion of a subsequent conversion of the Mobile refinery's hydrocracking unit, a project that will facilitate the production of renewable diesel fuel at the refinery, which is expected to be completed following the completion of the acquisition, by year-end 2022.

Vertex Energy Announces 5-year Renewable Diesel Supply Agreement With Idemitsu Apollo Renewable Corporation

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RYE, N.Y.--(BUSINESS WIRE)--Gabelli Funds, LLC, will host the 8th Annual Waste & Environmental Services Symposium at the Harvard Club in New York City on Thursday, March 31, 2022. This symposium will feature presentations by senior management of leading companies, with an emphasis on industry dynamics, new technologies, and company fundamentals. For those who cannot attend in person, the symposium will also be available via webcast. Investors should contact their relationship person for mor

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The energy company's deal to sell a business went south...and so did its stock price.

Why Vertex Energy Stock Tumbled 13% at the Open Today

HOUSTON, TX / ACCESSWIRE / January 25, 2022 / Vertex Energy, Inc. (NASDAQ:VTNR)("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that the Company has entered into a mutual agreement with Safety-Kleen Systems, Inc. ("Safety-Kleen"), a subsidiary of Clean Harbors, Inc. ("Clean Harbors"), to terminate the previously announced planned divestiture of its used motor oil collection and recycling assets. Following a prolonged period of regulatory review with the U.S. Federal Trade Commission, which both companies were actively engaged in, Vertex has determined that it is no longer in its best interest to pursue the transaction further, and Safety-Kleen has agreed to the termination.

Vertex Energy Announces Voluntary Termination of Asset Divestiture Agreement with Safety-Kleen Systems

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An analyst sees 164% upside in Vertex Energy.

Why This Little-Known Energy Stock Popped 26% Today

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