Vertex Energy (VTNR) Misses Q1 EPS by 9c, Revenues Miss

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Go back to Vertex Energy (VTNR) Misses Q1 EPS by 9c, Revenues Miss

Vertex Energy, Inc. Announces First Quarter 2019 Results

May 8, 2019 7:00 AM EDT

--TTM 1Q19 Adjusted EBITDA of $6.5 million vs. $2.1 million TTM 1Q18--

--Total Direct UMO Collections Increased 18% Y/Y in 1Q19--

--Material Improvement in Product Spreads During April 2019 vs. 1Q19 Levels--

HOUSTON, May 08, 2019 (GLOBE NEWSWIRE) -- Vertex Energy, Inc. (NASDAQ: VTNR, Vertex or the Company), a leading specialty refiner and marketer of high-quality hydrocarbon products, today announced financial results for the first quarter 2019.

For the three months ended March 31, 2019, the Company reported revenue of $39.3 million, versus $41.4 million in the prior-year period.  Vertex reported an operating loss of... More