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Vertex Energy Inc - VTNR STOCK NEWS

Welcome to our dedicated news page for Vertex Energy (Ticker: VTNR), a resource for investors and traders seeking the latest updates and insights on Vertex Energy.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Vertex Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Vertex Energy's position in the market.

Rhea-AI Summary
Vertex Energy names BofA Securities as strategic financial advisor for renewable fuels and sustainable products growth strategy.
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2.99%
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Rhea-AI Summary
Vertex Energy, Inc. provides an update on its financial and operational outlook for Q3 2023.
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11.4%
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Rhea-AI Summary
Vertex Energy, Inc. will report Q3 2023 financial results on November 7, 2023. A conference call will be held to discuss the results.
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-3.31%
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Rhea-AI Summary
Vertex Energy, Inc. (NASDAQ: VTNR) plans to participate in two investor conferences in September 2023.
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5.19%
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Rhea-AI Summary
Vertex Energy reports a net loss of $81.4 million for Q2 2023 due to weak market conditions and expenses related to the start-up of its renewable diesel facility. The company successfully completed repairs and achieved targeted Phase I throughput capacity of 8,000 bpd for the facility. The Mobile Refinery operations generated a gross loss of $6.4 million, with a decline in fuel gross margin per barrel and capture rate of the benchmark Gulf Coast 2-1-1 crack spread. Vertex had total debt of $327.4 million and total cash and equivalents of $52.1 million as of June 30, 2023.
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-1.83%
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Rhea-AI Summary
Vertex Energy, Inc. achieved its targeted production capacity of 8,000 bpd for renewable diesel during the second quarter. Conventional throughput volumes are expected to exceed prior projections, reaching approximately 76,000 bpd. However, the capture rate is forecasted to be 30%-35%, below the previously expected range of 50%-54%, due to increased price volatility in fuel markets. The Gulf Coast 2-1-1 crack spread experienced a significant downturn, declining by 25.3% compared to the first quarter average. Market prices for products outside of the crack spread, such as Jet A and VGO, also eroded during the quarter.
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-24.12%
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-0.91%
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0.9%
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2.06%
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Vertex Energy Inc

Nasdaq:VTNR

VTNR Rankings

VTNR Stock Data

97.25M
85.10M
9.46%
47.37%
18.69%
Petroleum Refineries
Manufacturing
Link
US
Houston

About VTNR

vertex energy is a leader in the aggregation, recycling and processing of distressed hydrocarbon streams thereby reducing the united states'​ reliance on foreign crude oil. our focus, as a participant in the alternative energy and environmentally friendly investment sectors, is on creating increased value in the products we manage and produce through a variety of strategies and technologies that facilitate the re-refining of used oil and off specification commercial chemical products into higher value commodities. by creating higher value products from distressed hydrocarbon streams, we are positioned to produce both financial and environmental benefits. vertex energy is based in houston, texas with offices in georgia and california. our company provides services across the united states enabling the transporting, processing and re-refining of these distressed hydrocarbon based streams into viable commodity products that offset the united states'​ dependency on foreign crude oil in a s