Vertex Energy (VTNR) Misses Q1 EPS by 18c
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Vertex Energy Reports First Quarter 2020 Results
May 14, 2020 6:01 AM EDTHOUSTON, TX / ACCESSWIRE / May 14, 2020 / Vertex Energy, Inc. (NASDAQ: VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality hydrocarbon products, today announced its financial results for the first quarter of 2020.
1Q20 PERFORMANCE HIGHLIGHTS
Total direct collections +12% year-over-year (y/y)Total net income attributable to Vertex Energy of $2.8 million (+$7.7 million y/y)Total adjusted EBITDA of $1.6 million (+$2.3 million y/y)Total free cash flow of $1.2 millionTotal cash and available liquidity of $20 million as of March 31, 2020Total term debt outstanding of $6.1 million... More