Vertex Energy (VTNR) Misses Q2 EPS by 10c, Revenues Beat

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Vertex Energy Reports Second Quarter 2020 Results

August 11, 2020 6:01 AM EDT

HOUSTON, TX / ACCESSWIRE / August 11, 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 second quarter of 2020.

MANAGEMENT OUTLOOK

Marrero and Heartland refineries operated at near peak utilization rates during July 2020UMO collections improved to normalized levels in July 2020, due in part to organic growth in 1H20Expect to realize $1-2 million of cost reductions during the second half 2020Total cash and available liquidity of... More