Articles from Vertex Energy, Inc.
Vertex Energy, Inc. Successfully Emerges From Chapter 11 With Renewed Sustainable Capital Structure
Vertex Energy, Inc. ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, together with its affiliates, today announced it has successfully completed its financial restructuring and emerged from chapter 11, establishing a strong foundation for continued growth, stability, and long-term value potential.
By Vertex Energy, Inc. · Via Business Wire · January 22, 2025
Vertex Energy Announces Successful Startup of Mobile Refinery Hydrocracker in Conventional Service
Vertex Energy, Inc. (OTCPK:VTNRQ) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced the successful start-up of the Mobile, Alabama refinery (the “Mobile Refinery”) hydrocracker in conventional service, and initial production volumes of higher-value finished products for the fourth quarter 2024.
By Vertex Energy, Inc. · Via Business Wire · October 9, 2024
Vertex Energy and Its Lenders Initiate Formal Pathway Aimed at Achieving Sustainable Capital Structure
Vertex Energy, Inc. (NASDAQVTNR) ("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 United States Bankruptcy Court for the Southern District of Texas.
By Vertex Energy, Inc. · Via Business Wire · September 24, 2024
Vertex Energy Announces Management Transition
Vertex Energy, Inc. (NASDAQVTNR) ("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. Cowart, Chief Executive Officer, will assume interim Chief Operating Officer duties.
By Vertex Energy, Inc. · Via Business Wire · September 6, 2024
Vertex Energy Announces Second Quarter 2024 Results
Vertex Energy, Inc. (NASDAQVTNR) ("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.
By Vertex Energy, Inc. · Via Business Wire · August 8, 2024
Vertex Energy Schedules Second Quarter 2024 Earnings Release and Conference Call
Vertex Energy, Inc. (NASDAQVTNR) ("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.
By Vertex Energy, Inc. · Via Business Wire · July 18, 2024
Vertex Energy Announces Retirement of Chief Operating Officer, James Rhame
Vertex Energy, Inc. (NASDAQVTNR) ("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 Operating Officer.
By Vertex Energy, Inc. · Via Business Wire · July 17, 2024
Vertex Energy Provides Operational Update for Second Quarter 2024
Vertex Energy, Inc. (NASDAQVTNR) ("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.
By Vertex Energy, Inc. · Via Business Wire · July 16, 2024
Vertex Energy Announces First Quarter 2024 Results and Optimization of Hydrocracking Capacity From Renewables to Conventional Production
Vertex Energy, Inc. (NASDAQVTNR) ("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.
By Vertex Energy, Inc. · Via Business Wire · May 9, 2024
Vertex Energy Provides Operational Update for First Quarter 2024
Vertex Energy, Inc. (NASDAQVTNR) ("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.
By Vertex Energy, Inc. · Via Business Wire · April 18, 2024
Vertex Energy Schedules First Quarter 2024 Earnings Release and Conference Call
Vertex Energy, Inc. (NASDAQVTNR) ("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.
By Vertex Energy, Inc. · Via Business Wire · April 10, 2024
CORRECTING and REPLACING Vertex Energy Announces Fourth Quarter and Full Year 2023 Financial Results
Two in-text references to fourth-quarter 2023 net loss per fully-diluted share to be corrected.
By Vertex Energy, Inc. · Via Business Wire · February 28, 2024
Vertex Energy Announces Fourth Quarter 2023 Earnings Release and Conference Call Date
Vertex Energy, Inc. (NASDAQVTNR) ("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.
By Vertex Energy, Inc. · Via Business Wire · January 31, 2024
Vertex Energy Provides Operational Update for Fourth Quarter 2023
Vertex Energy, Inc. (NASDAQVTNR) (“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.
By Vertex Energy, Inc. · Via Business Wire · January 23, 2024
Vertex Energy Amends Existing Term Loan Agreement
Vertex Energy, Inc. (NASDAQVTNR) (“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.
By Vertex Energy, Inc. · Via Business Wire · January 2, 2024
Vertex Energy Meets Renewable Fuel Standard Revised Annual Compliance Report Filing Deadline of December 1, 2023, for Calendar Year 2022
Vertex Energy, Inc. (NASDAQVTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products, today announced that Vertex Refining Alabama LLC, the owner and operator of the Mobile Refinery, located in Mobile, Alabama, has filed its annual compliance report for calendar year (CY) 2022 under the U.S. Environmental Protection Agency’s Renewable Fuel Standard (RFS), in accordance with the December 1, 2023 filing deadline and satisfied its renewable volume obligation (RVO) for CY 2022.
By Vertex Energy, Inc. · Via Business Wire · December 5, 2023
Remembering Board Member Chris Stratton: A Tribute to His Legacy and Contributions
Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company") today pays tribute to the enduring legacy of Chris Stratton, esteemed member of our Board of Directors, who passed away on November 16th.
By Vertex Energy, Inc. · Via Business Wire · November 22, 2023
Vertex Energy Announces Third Quarter 2023 Results
Vertex Energy, Inc. (NASDAQVTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products, today announced its financial results for the third quarter ended September 30, 2023.
By Vertex Energy, Inc. · Via Business Wire · November 7, 2023
Vertex Energy Engages Investment Bank to Enhance Renewable Fuels and Sustainable Products Growth Strategy
Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it has formally named BofA Securities, Inc. (“BofA”) as Vertex’s strategic financial advisor to assist with the Company's renewable fuels and sustainable products growth strategy.
By Vertex Energy, Inc. · Via Business Wire · October 16, 2023
Vertex Energy Provides Operational Update for Third Quarter 2023
Vertex Energy, Inc. (NASDAQVTNR) ("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 third quarter of 2023.
By Vertex Energy, Inc. · Via Business Wire · October 13, 2023
Vertex Energy Announces Third Quarter 2023 Earnings Release and Conference Call Date
Vertex Energy, Inc. (NASDAQVTNR) ("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 third quarter 2023 financial results before the market opens on Tuesday, November 7, 2023. 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.
By Vertex Energy, Inc. · Via Business Wire · October 11, 2023
Vertex Energy Announces Upcoming Investor Conference Participation
Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it plans to participate in two investor conferences during the month of September, 2023:
By Vertex Energy, Inc. · Via Business Wire · September 1, 2023
Vertex Energy Announces Second Quarter 2023 Results
Vertex Energy, Inc. (NASDAQVTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products, today announced its financial results for the second quarter ended June 30, 2023.
By Vertex Energy, Inc. · Via Business Wire · August 9, 2023
Vertex Energy Provides Operational Update for Second Quarter 2023
Vertex Energy, Inc. (NASDAQVTNR) ("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 2023.
By Vertex Energy, Inc. · Via Business Wire · July 25, 2023
Vertex Energy Announces Second Quarter 2023 Earnings Release and Conference Call Date
Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it will report its second quarter 2023 financial results before the market opens on Wednesday, August 9, 2023. 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.
By Vertex Energy, Inc. · Via Business Wire · July 12, 2023
Vertex Energy Announces First Commercial Sales of Renewable Diesel
Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or “the Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that the Company has completed its first series of commercial sales transactions of renewable diesel ("RD") from its recently completed Renewable Diesel production facility at its refinery located in Mobile, Alabama (the “Mobile Refinery”). The initial sales totaled approximately 110,000 barrels of RD to Idemitsu Apollo Renewable Corporation ("Idemitsu"), a wholly-owned California-based subsidiary of Idemitsu Kosan, per the previously disclosed product supply agreement announced in February 2022.
By Vertex Energy, Inc. · Via Business Wire · June 26, 2023
Vertex Energy Announces EPA Approval For Generation of D4 RINs
Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or “the Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it has received approval from the Environmental Protection Agency ("EPA") for the generation of D4 Renewable Identification Numbers (“RINs”) credits under the federal Renewable Fuel Standard ("RFS"), for each gallon of renewable fuel produced at its refining facility located outside of Mobile, Alabama (the “Mobile Refinery”). Currently, the Company's Mobile Facility is producing approximately 5,500 barrels per day (“bpd”) with plans to increase toward the Phase I installed capacity target of 8,000 bpd, by the end of 2Q23, in-line with previously disclosed targets.
By Vertex Energy, Inc. · Via Business Wire · June 14, 2023
Vertex Energy Announces Key Step in Strengthening Balance Sheet Position with Private Exchange of Approximately $79.95 Million of 6.25% Convertible Notes Due 2027
Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or “the Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that the Company has entered into privately negotiated exchange agreements with certain holders of its 6.25% Convertible Senior Notes due 2027 (the “Existing Notes”) to exchange approximately $79.9 million aggregate principal amount of the Existing Notes held by such holders (the “Exchanges”) for an aggregate of approximately 17.2 million newly issued shares of Vertex common stock, pursuant to an exemption from registration provided in Section 4(a)(2) of the Securities Act of 1933, as amended. After the closing of the Exchanges, which is expected to occur on or around June 12, 2023, subject to customary closing conditions, approximately $15.2 million aggregate principal amount of the Existing Notes will remain outstanding. The Exchanges could affect the market price of Vertex’s common stock.
By Vertex Energy, Inc. · Via Business Wire · June 7, 2023
Vertex Energy Announces Commercial Production of Renewable Diesel and Entry Into Working Capital Facility for Renewable Diesel Business
Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced the successful completion of the startup procedures for its renewable diesel conversion project at its Mobile, Alabama, refining facility. Additionally, the Company announced that it has entered into a new working capital facility with existing liquidity provider, Macquarie Group’s Commodities and Global Markets business (“Macquarie”), to supply the necessary liquidity for securing feedstock for renewable diesel production.
By Vertex Energy, Inc. · Via Business Wire · May 31, 2023
Vertex Energy Announces Upcoming Investor Conference Participation
Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it plans to participate in several investor conferences in the months of May and June 2023, including:
By Vertex Energy, Inc. · Via Business Wire · May 30, 2023
Vertex Energy Announces First Quarter 2023 Results
Vertex Energy, Inc. (NASDAQVTNR) (“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, 2023.
By Vertex Energy, Inc. · Via Business Wire · May 9, 2023
Vertex Energy Cuts Ribbon on First Renewable Diesel Unit
Vertex Energy, Inc. (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products, cut the ribbon on its first renewable diesel facility at the Company's Mobile refinery and the first renewable diesel facility in Alabama on Friday, April 28th. The ceremony also served as a commissioning event, with Vertex leaders and team members joined by Alabama Governor Kay Ivey, Mobile County Commissioner, Merceria Ludgood, and Mobile Area Chamber of Commerce President, Bradley Byrne, as well as other special guests.
By Vertex Energy, Inc. · Via Business Wire · May 1, 2023
Vertex Energy Announces First Quarter 2023 Earnings Release and Conference Call Date
Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it will issue its first quarter 2023 financial results before the market opens on Tuesday, May 9, 2023. A conference call will be held that same day at 8:30 AM EDT to review the Company's financial results, discuss recent events and conduct a question-and-answer session.
By Vertex Energy, Inc. · Via Business Wire · April 28, 2023
Vertex Energy Appoints Doug Haugh as Chief Commercial Officer
Vertex Energy, Inc. (NASDAQVTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products, today announced that it has appointed energy and technology industry veteran Doug Haugh as Chief Commercial Officer of Vertex Energy, effective April 17, 2023. In his new role, Doug will provide strategic direction for all commercial operations spanning from feedstock to finished products, driving the Company's growth initiatives.
By Vertex Energy, Inc. · Via Business Wire · April 20, 2023
Vertex Energy Provides Operational Update for Q1 2023
Vertex Energy, Inc. (NASDAQVTNR) ("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 2023.
By Vertex Energy, Inc. · Via Business Wire · April 14, 2023
Vertex Energy Announces On-Time and On-Budget Mechanical Completion of Renewable Diesel Unit
Vertex Energy, Inc. (NASDAQVTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products, today announced the successful mechanical completion of its transformational renewable diesel unit at the Company's Mobile, AL refining facility.
By Vertex Energy, Inc. · Via Business Wire · April 4, 2023
Vertex Energy to Participate in Investor Conferences
Vertex Energy, Inc. (NASDAQVTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products, today announced that it will participate in several investor conferences in March, including:
By Vertex Energy, Inc. · Via Business Wire · March 6, 2023
Vertex Energy Announces Fourth Quarter 2022 Earnings Release and Conference Call Date
Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it will issue its fourth quarter 2022 financial results before the market opens on Tuesday, February 28, 2023. A conference call will be held that same day at 8:00 A.M. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.
By Vertex Energy, Inc. · Via Business Wire · February 10, 2023
Vertex Energy Announces Sale of Heartland Used Motor Oil Collections and Refining Business
Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it has sold its Heartland used motor oil collection and recycling business to a wholly owned subsidiary of GFL Environmental, Inc. ("GFL"), for total cash consideration of $90 million. The transaction was completed pursuant to the entry into a sale and purchase agreement which closed at the time of signing, on February 1, 2023.
By Vertex Energy, Inc. · Via Business Wire · February 1, 2023
Vertex Energy Provides Operational Update for Q4 2022
Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or “the Company"), a leading specialty refiner and marketer of high-quality refined products, today provided an update on the construction of its renewable diesel conversion project as well as its fourth quarter 2022 operating and financial results.
By Vertex Energy, Inc. · Via Business Wire · January 17, 2023
Vertex Energy Announces Third Quarter 2022 Results
Vertex Energy, Inc. (NASDAQVTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products, today announced its financial results for the third quarter ended September 30, 2022.
By Vertex Energy, Inc. · Via Business Wire · November 8, 2022
Vertex Energy Announces Third Quarter 2022 Earnings Release and Conference Call Date
Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it will issue its third quarter 2022 financial results before the market opens on Tuesday, November 8, 2022. A conference call will be held that same day at 8:00 A.M. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.
By Vertex Energy, Inc. · Via Business Wire · October 27, 2022
Vertex Energy Provides Operational Update Regarding Mobile Refinery and Updates Prior Third Quarter Guidance
Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today provided an update to its operational and financial outlook for the Company's Mobile, Alabama Refinery.
By Vertex Energy, Inc. · Via Business Wire · September 29, 2022
Vertex Energy Announces Second Quarter 2022 Results Conference Call Date
HOUSTON, TX / ACCESSWIRE / July 26, 2022 / Vertex Energy, Inc . (NASDAQVTNR), ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-purity refined products, today announced that it will issue second quarter 2022 financial results before the market opens on Tuesday, August 9, 2022. 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.
By Vertex Energy, Inc. · Via AccessWire · July 26, 2022
Vertex Energy Announces COO Succession Plan
HOUSTON, TX / ACCESSWIRE / June 14, 2022 / Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it has named energy industry veteran James Rhame as Chief Operating Officer of Vertex, effective June 10, 2022. Mr. Rhame will succeed John Strickland, who will transition into the newly created role of Vice President, Black Oil Operations, reporting to Mr. Rhame, while continuing to provide both support and advisory to the Company.
By Vertex Energy, Inc. · Via AccessWire · June 14, 2022
Vertex Energy Appoints Alvaro Ruiz as Chief Strategy Officer
HOUSTON, TX / ACCESSWIRE / June 14, 2022 / Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it has appointed Alvaro Ruiz, as chief strategy officer (CSO), a newly created role, effective June 10, 2022. As CSO, Mr. Ruiz will lead the development and execution of the Company's strategy, investor relations and corporate development, including both organic and inorganic growth initiatives.
By Vertex Energy, Inc. · Via AccessWire · June 14, 2022
Vertex Energy Set To Join Russell 3000(R) Index
HOUSTON, TX / ACCESSWIRE / June 6, 2022 / Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced it is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on June 27, according to a preliminary list of additions posted June 3.
By Vertex Energy, Inc. · Via AccessWire · June 6, 2022
Vertex Energy Reports First Quarter 2022 Results
HOUSTON, TX / ACCESSWIRE / May 10, 2022 / Vertex Energy, Inc. (NASDAQVTNR) ("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
By Vertex Energy, Inc. · Via AccessWire · May 10, 2022
Vertex Energy Announces First Quarter 2022 Results Conference Call Date
Our newswire features a comprehensive, flat-fee Press Release service. Generate quality engagement with real-time analytics to improve visibility and expand your influence.
By Vertex Energy, Inc. · Via AccessWire · April 28, 2022
Vertex Energy Completes Acquisition of Mobile Refinery
HOUSTON, TX / ACCESSWIRE / April 1, 2022 / Vertex Energy, Inc. (NASDAQVTNR) ("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
By Vertex Energy, Inc. · Via AccessWire · April 1, 2022
Vertex Energy Reports Fourth Quarter and Full-Year 2021 Results and Provides Strategic Update on Mobile Refinery Acquisition
HOUSTON, TX / ACCESSWIRE / March 8, 2022 / Vertex Energy, Inc. (NASDAQVTNR), ("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
By Vertex Energy, Inc. · Via AccessWire · March 8, 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-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
By Vertex Energy, Inc. · Via AccessWire · February 22, 2022
Vertex Energy Announces Fourth Quarter And Full-year 2021 Results Conference Call Date
HOUSTON, TX / ACCESSWIRE / February 22, 2022 / Vertex Energy, Inc. (NASDAQVTNR) ("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. ET to review the Company's financial results, discuss recent events
By Vertex Energy, Inc. · Via AccessWire · February 22, 2022
Vertex Energy Announces 5-year Renewable Diesel Supply Agreement With Idemitsu Apollo Renewable Corporation
HOUSTON, TX / ACCESSWIRE / February 17, 2022 / Vertex Energy, Inc. (NASDAQVTNR) ("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
By Vertex Energy, Inc. · Via AccessWire · February 17, 2022
Vertex Energy Announces Voluntary Termination of Asset Divestiture Agreement with Safety-Kleen Systems
HOUSTON, TX / ACCESSWIRE / January 25, 2022 / Vertex Energy, Inc. (NASDAQVTNR)("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
By Vertex Energy, Inc. · Via AccessWire · January 25, 2022
Vertex Energy Reports Third Quarter 2021 Results and Provides Strategic Update
HOUSTON, TX / ACCESSWIRE / November 9, 2021 / Vertex Energy, Inc. (NASDAQVTNR) "Vertex" or the "Company", a leading specialty refiner and marketer of high-quality refined products, today announced its financial results for the third quarter 2021 ended September 30, 2021. THIRD QUARTER 2021 RESULTS (As compared to the third quarter 2020) - Net income of $10.6 million, an increase of $12.6 million - Adjusted EBITDA of $1.5 million, an increase
By Vertex Energy, Inc. · Via AccessWire · November 9, 2021
Vertex Energy Announces Third Quarter 2021 Results Conference Call Date
HOUSTON, TX / ACCESSWIRE / November 1, 2021 / Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-purity refined products, today announced that it will issue third quarter 2021 financial results before the market opens on Tuesday, November 9, 2021. 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
By Vertex Energy, Inc. · Via AccessWire · November 1, 2021
Vertex Energy, Inc. Announces Pricing of Offering of $155.0 Million Principal Amount at Maturity of Convertible Senior Notes
HOUSTON, TX / ACCESSWIRE / October 27, 2021 / Vertex Energy, Inc. (NASDAQ:VTNR, "Vertex Energy", "Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced the pricing of its previously announced offering of $155.0 million aggregate principal amount at maturity of its convertible senior notes due 2027 (the "notes") in a private offering (the "offering") to persons reasonably believed to
By Vertex Energy, Inc. · Via AccessWire · October 27, 2021
Vertex Energy, Inc. Announces Proposed Private Offering of $155 Million Principal Amount at Maturity of Convertible Senior Notes
HOUSTON, TX / ACCESSWIRE / October 25, 2021 / Vertex Energy, Inc. (NASDAQ:VTNR, "Vertex Energy", "Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced its intention to offer, subject to market conditions and other factors, $155 million aggregate principal amount at maturity of its convertible senior notes due 2027 (the "notes") in a private offering (the "offering") to persons
By Vertex Energy, Inc. · Via AccessWire · October 25, 2021
Vertex Energy Shareholders Vote Strongly In Favor of Asset Divestiture to Safety-Kleen Systems
HOUSTON, TX / ACCESSWIRE / September 29, 2021 / Vertex Energy, Inc. (NASDAQVTNR)("Vertex Energy," "Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that, based on a vote tally from the special meeting of shareholders held earlier yesterday, September 28, 2021, Vertex shareholders approved the proposed sale of its portfolio of used motor oil collection and recycling assets to
By Vertex Energy, Inc. · Via AccessWire · September 29, 2021
Vertex Energy Provides Update on Proposed Acquisition of the Mobile Refinery
HOUSTON, TX / ACCESSWIRE / September 22, 2021 / Vertex Energy, Inc. (NASDAQVTNR) ("Vertex Energy", "Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today provided an update on the proposed acquisition of the Mobile refinery ("Mobile") located in Mobile, Alabama from Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell Oil Company and Shell Chemical LP ("Shell"), subsidiaries of Royal
By Vertex Energy, Inc. · Via AccessWire · September 22, 2021
Vertex Energy Receives Request for Additional Information from the U.S. Federal Trade Commission Regarding Its Pending Asset Divestiture to Safety-Kleen Systems, Inc.
HOUSTON, TX / ACCESSWIRE / September 21, 2021 / Vertex Energy, Inc. (NASDAQVTNR) ("Vertex Energy", "Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it has received a request (the "Second Request") for additional information and documentary materials from the U.S. Federal Trade Commission ("FTC") with respect to the previously announced divestiture of certain assets to
By Vertex Energy, Inc. · Via AccessWire · September 21, 2021
Vertex Energy Commences Restart Operations at the Marrero Refinery
HOUSTON, TX / ACCESSWIRE / September 10, 2021 / Vertex Energy, Inc. (NASDAQVTNR), ("Vertex Energy", "Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today provided an update on the status of operations at its Marrero, Louisiana refinery. On August 29, a Category 4 hurricane made landfall near New Orleans, resulting in severe regional flooding and power outages. Vertex's Marrero refinery,
By Vertex Energy, Inc. · Via AccessWire · September 10, 2021
Vertex Energy Provides Marrero Refinery Operational Update
HOUSTON, TX / ACCESSWIRE / August 30, 2021 / Vertex Energy, Inc. (NASDAQVTNR)("Vertex Energy", "Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today provided an update on the status of operations at its Marrero, Louisiana refinery. On August 29, a Category 4 hurricane made landfall near New Orleans, resulting in severe regional flooding and power outages. Vertex's Marrero refinery, which is
By Vertex Energy, Inc. · Via AccessWire · August 30, 2021
Vertex Energy Reports Second Quarter 2021 Results and Provides Strategic Update
HOUSTON, TX / ACCESSWIRE / August 10, 2021 / Vertex Energy, Inc. (NASDAQVTNR) "Vertex Energy", "Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced its financial results for the second quarter ended June 30, 2021. SECOND QUARTER 2021 RESULTS - Net loss of $16.0 million - Income from operations of $1.6 million - Adjusted EBITDA of $4.0 million, an increase of $9.4 million from
By Vertex Energy, Inc. · Via AccessWire · August 10, 2021
Vertex Energy Announces Second Quarter 2021 Results Conference Call Date
HOUSTON, TX / ACCESSWIRE / July 27, 2021 / 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 second quarter 2021 financial results before the market opens on Tuesday, August 10, 2021. 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
By Vertex Energy, Inc. · Via AccessWire · July 27, 2021
Vertex Energy Announces Agreement To Divest Used Motor Oil Collection and Recycling Assets for $140 Million
- Transaction Provides for a Full Balance Sheet Recapitalization of Vertex - Transaction Net Cash Proceeds to Vertex Provide Significant Funding for Organic & Inorganic Investments - New Pre-Treatment Unit to Expected to Reach $75-$100 million of Incremental EBITDA run-rate by year-end 2023 HOUSTON, TX / ACCESSWIRE / June 29, 2021 / Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of
By Vertex Energy, Inc. · Via AccessWire · June 29, 2021
Vertex Energy to Join Russell Microcap(R) Index
HOUSTON, TX / ACCESSWIRE / June 9, 2021 / Vertex Energy, Inc. (NASDAQVTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-purity refined products, today announced that it is set to join the Russell Microcap® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4. Membership in the
By Vertex Energy, Inc. · Via AccessWire · June 9, 2021
Vertex Energy Names Bart Rice as Division President of Renewable and Conventional Fuels
HOUSTON, TX / ACCESSWIRE / May 18, 2021 / Vertex Energy, Inc. (NASDAQ:VTNR, "Vertex Energy" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it has named Bart Rice as Division President of Renewable and Conventional Fuels for Vertex. Rice, who joined Vertex in early 2020, brings 40 years of energy industry experience to the Company. Previously, he
By Vertex Energy, Inc. · Via AccessWire · May 18, 2021
Vertex Energy Reports First Quarter 2021 Results
HOUSTON, TX / ACCESSWIRE / May 13, 2021 / Vertex Energy, Inc. (NASDAQVTNR)( "Vertex Energy" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced its financial results for the first quarter 2021 ended March 31, 2021. FIRST QUARTER 2021 RESULTS (As compared to the first quarter 2020) - Generated net income attributable to Vertex Energy, Inc. of $1.0
By Vertex Energy, Inc. · Via AccessWire · May 13, 2021
Vertex Energy Announces First Quarter 2021 Results Conference Call Date
HOUSTON, TX / ACCESSWIRE / April 29, 2021 / Vertex Energy, Inc. (NASDAQ:VTNR, "Vertex" or the "Company"), a leading specialty refiner and marketer of high-purity petroleum-based products, today announced that it will issue first quarter 2021 financial results before the market opens on May 13, 2021. 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
By Vertex Energy, Inc. · Via AccessWire · April 29, 2021