---
schema_version: "secwatch.filing_event.v1"
accession: "0001839882-24-014960"
form_type: "8-K"
ticker: null
cik: "0000890447"
company_name: "Vertex Energy Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T08:06:28.521514+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vertex Energy Q1 net loss $17.7M; adjusted EBITDA $18.6M; pivots hydrocracker from renewables to conventional

## Summary
- Net loss $17.7M ($0.19/diluted share) improved from Q4; adjusted EBITDA $18.6M driven by 28% higher crack spreads.
- Conventional throughput 64,065 bpd above guidance high end; renewable diesel throughput 4,090 bpd in line.
- Plans to optimize hydrocracker from renewable diesel to conventional production; conversion timed with planned catalyst change in Q4 2024.
- Direct operating expense down 11%, capex down 29% vs guidance midpoints; cash & equivalents $65.7M (incl. restricted $3.6M).

## SEC filing metadata
- accession: 0001839882-24-014960
- form_type: 8-K
- cik: 0000890447
- company_name: Vertex Energy Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890447/000183988224014960/0001839882-24-014960-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890447/000183988224014960/vtnr-8k_050924.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001839882-24-014960
- JSON: https://secwatch.observer/filing/0001839882-24-014960.json
- Plain text: https://secwatch.observer/filing/0001839882-24-014960.txt

## Key facts
- Earnings Releases
  Vertex Energy Inc. reported the first quarter of 2024 results: net income ($17.7) million, or ($0.19) per fully-diluted share, EPS ($0.19) per fully-diluted share.
  - Period: the first quarter of 2024
  - Net income: ($17.7) million, or ($0.19) per fully-diluted share
  - EPS: ($0.19) per fully-diluted share
  - Result: reported results
  source text: Vertex Energy, Inc. (NASDAQ:VTNR) (“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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/890447/000183988224014960/0001839882-24-014960-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.