secwatch.observer — SEC 8-K summary
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Issuer:     Vertex Energy Inc. (—)
CIK:        0000890447
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001839882-24-014960
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890447/000183988224014960/0001839882-24-014960-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890447/000183988224014960/vtnr-8k_050924.htm
  HTML page:      https://secwatch.observer/filing/0001839882-24-014960

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