Vertex EnergyNASDAQ: VTNR

Vertex Energy, Inc. (VTNR) Q4 2023 Earnings Call Transcript

Vertex (VTNR) anticipates lower throughput volumes for the fourth quarter, reflecting deteriorating market conditions. The operational outlook seems better than the guidance.

Vertex Energy has made progress in its renewable diesel project, with Q2 2023 revenues beating estimates and a focus on performance management for H2 2023. The company has transformed into a significant renewable fuel producer, completing its renewable diesel conversion project and planning to lower carbon dioxide emissions and raise hydrogen production. Demand for renewable diesel is increasing, driven by the enactment of the Low Carbon Fuel Standard in California, and production milestones have been achieved at Vertex Energy's mobile refinery.

Vertex Energy has run into some hiccups with its renewable diesel project. The company will look to move to other feedstock blends that are more economically viable. Crack spreads, meanwhile, have been on the decline, hurting its conventional refining business.

HOUSTON--(BUSINESS WIRE)--Vertex Energy, Inc. (NASDAQ: VTNR) ("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: H.C. Wainwright 25th Annual Global Investment Conference – New York – September 11-13, 2023 Northland Capital Markets Institutional Investor Conference – Virtual – September 19, 2023 About Vertex Energy Vertex Energy is a le.

Vertex Energy, Inc. (NASDAQ:VTNR ) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants John Ragozzino - Investor Relations Benjamin Cowart - Chairman and Chief Executive Officer James Rhame - Chief Operating Officer Chris Carlson - Chief Financial Officer Doug Haugh - Chief Commercial Officer Conference Call Participants Noah Kaye - Oppenheimer Eric Stine - Craig Hallum Amit Dayal - H.C. Wainwright Manav Gupta - UBS Brian Butler - Stifel Donovan Shafer - Northland Jason Gabelman - TD Cowen Operator Good morning, and welcome to the Vertex Energy Second Quarter 2023 Earnings Conference Call.

Vertex Energy has been praised for its recent shift into renewable diesel, but this analysis suggests the company's shares are not as attractive as they seem due to declining refinery margins. The analysis suggests that there are at least three other companies in the same sector that offer a more attractive valuation and greater resilience to a decline in the crack spread. Despite Vertex's successful business transformation and ambitious projects, the contracting margins in the oil refining market make it an unattractive time to invest in the sector.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

HOUSTON--(BUSINESS WIRE)--Vertex Energy, Inc. (NASDAQ:VTNR) ("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: Craig-Hallum Institutional Investor Conference – Minneapolis, MN – May 31, 2023 Stifel Cross Sector Insight Conference – Boston, MA – June 6-7, 2023 TD Cowen Sustainability Week – Virtual – June 6-9, 2023 ROTH M.