Vertex Energy Provides Operational Update for First Quarter 2024 [Yahoo! Finance]
Vertex Energy, Inc (VTNR)
Last vertex energy, inc earnings: 11/8 06:02 am
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Source: Yahoo! Finance
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 line with midpoint of guidance; Projected improved average first quarter crack spreads on finished refined products of 28% compared to fourth quarter 2023; and Forecasted reductions in direct operating expense by 11% and capital expenditures by 29% compared to previous guidance midpoints. Benjamin P. Cowart, President and CEO of Vertex, stated, "We delivered or exceeded our guidance in the first quarter of 2024, coupled with improved crack spreads, lower operating expense and lower capital spending, providing Vertex with a solid foundation to begin the year. We continue to focus on margin efficiency while we look t
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News
- Vertex Energy, Inc. (NASDAQ: VTNR) had its "hold" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $4.00 price target on the stock.MarketBeat
- Vertex Energy Provides Operational Update for First Quarter 2024Business Wire
- Vertex Energy Schedules First Quarter 2024 Earnings Release and Conference CallBusiness Wire
- Vertex Energy Still Looks Overvalued [Seeking Alpha]Seeking Alpha
- Vertex Energy Full Year 2023 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
VTNR
Earnings
- 2/28/24 - Miss
VTNR
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- VTNR's page on the SEC website