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Vertex Energy, Inc - VTNR STOCK NEWS

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

Introduction

Vertex Energy, Inc. is a Houston-based company specializing in the aggregation, recycling, and re-refining of distressed hydrocarbon streams. As a key participant in the alternative energy and environmentally friendly sectors, the company transforms distressed inputs such as used oil and off-specification commercial chemical products into higher value commodities that help reduce US reliance on foreign crude. Industry keywords like hydrocarbon recycling, alternative energy, and re-refining are integral in describing its approach and market context.

Core Business and Operations

At its core, Vertex Energy is dedicated to managing and processing distressed hydrocarbon-based streams. The company acquires these lower value inputs, then employs a variety of re-refining techniques and technologies to convert them into viable commodity products. This transformation not only adds value to the recycled materials but also contributes to both financial and environmental benefits through quality enhancements and strategic asset management.

Business Model and Value Creation

Vertex Energy operates through a business model designed to unlock increased value from previously underutilized and problematic hydrocarbon streams. By leveraging advanced processing technologies and strategic transportation networks, the firm is able to streamline the conversion process. This approach enables the production of higher quality products and supports a circular economy in the energy sector. The company strategically positions itself by integrating efficient logistics, process optimization, and a strong presence across key US regions.

Technological and Process Expertise

The company utilizes cutting-edge re-refining processes that involve modern catalysts, separation techniques, and quality control systems. These technologies allow Vertex Energy to systematically extract greater economic and environmental value from its raw inputs. The deployment of specialized processing systems underscores the firm's commitment to innovation and its technical acumen in managing distressed hydrocarbon streams.

Market Position and Competitive Landscape

Operating primarily within the United States, Vertex Energy has established its footprint with operations based in Houston, Texas, and additional offices in Georgia and California, which facilitates nationwide service. The company’s operations are geared toward addressing a critical national challenge by turning distressed assets into valuable commodities. This positioning within the alternative energy sector not only differentiates it from traditional oil and gas companies but also addresses broader energy independence concerns and environmental sustainability.

Geographic Reach and Operational Capabilities

Vertex Energy extends its services across the United States, ensuring comprehensive processing and logistics support from the point of collection to final re-refining. The geographic diversity of its operational bases provides the flexibility to serve various markets and enhances the scalability of its processing technologies. This extensive reach helps the company to maintain consistent operations and meet the demands of different regional markets.

Environmental and Economic Impact

By re-refining used oil and off-grade chemical products, Vertex Energy not only generates economic value but also contributes positively to the environment. The transformation of distressed hydrocarbon streams into higher value commodities helps reduce waste and offsets the environmental impacts associated with traditional crude oil dependency. The processes involved underscore a commitment to sustainable practices within the energy recycling industry.

Conclusion

In summary, Vertex Energy, Inc. embodies a comprehensive approach to hydrocarbon recycling and re-refining that merges advanced technology with strategic operational expertise. Its focus on transforming distressed inputs into valuable products sets it apart in a competitive landscape marked by environmental challenges and energy independence concerns. The company remains a central figure in the alternative energy space by consistently leveraging innovative processes and maintaining an operational edge through its geographically diverse presence.

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Vertex Energy, Inc. (NASDAQ: VTNR) announced its financial results for Q4 2023 and full-year 2023, reporting a net loss of $63.9 million for Q4 and $71.5 million for the full year. Adjusted EBITDA was ($35.1) million for Q4 and $17.1 million for the full year. The company highlighted the safe operation of its Mobile Refinery and the completion of Phase I of its Renewable Diesel conversion project.
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Vertex Energy, Inc. (NASDAQ:VTNR) will report its Q4 2023 financial results on February 28, 2024, followed by a conference call to discuss recent events. The audio webcast and presentation materials will be available on the company's website. Investors can participate in the live teleconference and listen to the replay through March 14, 2024.
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Vertex Energy, Inc. (NASDAQ: VTNR) provided an update on its financial and operational outlook for the fourth quarter of 2023. The company reported slightly lower conventional throughput volumes at its Mobile, Alabama Refinery, with a yield of finished conventional fuel products in line with previous forecasts. Renewable diesel production is expected to be below prior outlook, but the company's feedstock optimization strategy is progressing as expected. The company's president and CEO mentioned deteriorating crack spreads affecting throughput rates, and an improvement in crack spreads and margin efficiency leading to increased production rates for conventional fuels and renewable diesel.
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Vertex Energy, Inc. (NASDAQ: VTNR) successfully amends term loan agreement, securing an additional $50.0 million for strategic flexibility. The amended agreement brings the total outstanding balance on the term loan to $198.0 million and bears interest at a competitive rate. The company aims to strengthen its balance sheet and pursue potential transaction opportunities.
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Vertex Energy, Inc. (NASDAQ: VTNR) has announced that its subsidiary Vertex Refining Alabama LLC has filed its annual compliance report for calendar year 2022 under the U.S. Environmental Protection Agency’s Renewable Fuel Standard (RFS) and satisfied its renewable volume obligation (RVO) for CY 2022. The Mobile Refinery has fulfilled its RVO for CY 2022 and now has the option to carry its CY 2023 RVO to CY 2024.
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Vertex Energy, Inc. (VTNR) pays tribute to the late Chris Stratton, a long-serving board member who made significant contributions to the company's success. CEO Benjamin P. Cowart acknowledges Mr. Stratton's pivotal role in shaping Vertex Energy's development and expresses condolences to the Stratton family. With 14 years of service on Vertex's board and expertise in finance and risk management, Mr. Stratton's legacy will be deeply missed.
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Vertex Energy, Inc. (NASDAQ: VTNR) announced its Q3 2023 financial results, reporting net income of $19.8 million and Adjusted EBITDA of $51.5 million. The company also provided operational highlights for its Mobile Refinery, including conventional throughput of 80,171 bpd and renewable diesel throughput of 5,397 bpd. Vertex had total cash and cash equivalents of $79.3 million as of September 30, 2023.
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Vertex Energy names BofA Securities as strategic financial advisor for renewable fuels and sustainable products growth strategy.
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Vertex Energy, Inc. provides an update on its financial and operational outlook for Q3 2023.
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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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FAQ

What is the current stock price of Vertex Energy (VTNR)?

The current stock price of Vertex Energy (VTNR) is $0.0521 as of February 7, 2025.

What is the market cap of Vertex Energy (VTNR)?

The market cap of Vertex Energy (VTNR) is approximately 4.9M.

What is Vertex Energy, Inc.'s primary business?

Vertex Energy specializes in aggregating and re-refining distressed hydrocarbon streams to create higher value commodity products. This process involves converting used oil and off-spec commercial chemical products into economically viable outputs.

How does Vertex Energy process distressed hydrocarbon streams?

The company employs advanced re-refining technologies and processing techniques to transform distressed hydrocarbon inputs into valuable products. This involves strategic logistics, modern separation methods, and upgraded chemical processing systems.

What markets does Vertex Energy serve?

Vertex Energy operates across the United States, with a central base in Houston and additional offices in key regions like Georgia and California. This broad geographic reach enables the company to manage and process hydrocarbon streams nationwide.

How does Vertex Energy contribute to US energy independence?

By transforming distressed hydrocarbon streams into re-refined commodities, Vertex Energy reduces reliance on imported crude oil. The company creates value from underutilized assets, contributing to a more self-reliant energy landscape.

What technologies does Vertex Energy utilize?

The firm leverages modern re-refining technologies, including advanced catalysts and separation techniques, to upgrade distressed hydrocarbon streams. These sophisticated processes are key in converting lower value materials into competitive commodity products.

How does the company add value to its inputs?

Vertex Energy enhances the value of distressed hydrocarbon streams through innovative re-refining processes and strategic logistics. The conversion of used oil and off-spec chemical products into higher quality commodities demonstrates its value creation mechanism.

How does Vertex Energy differentiate itself in the alternative energy sector?

The company's focus on converting distressed hydrocarbon streams sets it apart from traditional energy players. Its combination of technological innovation, strategic operations, and nationwide reach allows it to effectively address both environmental and economic challenges.

Can Vertex Energy's model reduce dependency on foreign crude?

Yes, by re-refining distressed hydrocarbon streams into viable commodity products, Vertex Energy supports efforts to reduce reliance on imported crude oil. This not only generates economic value but also aligns with broader energy independence objectives.
Vertex Energy, Inc

Nasdaq:VTNR

VTNR Rankings

VTNR Stock Data

4.87M
93.51M
8.89%
32.51%
12.08%
Oil & Gas Refining & Marketing
Petroleum Refining
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United States
HOUSTON