VTNR - Vertex Energy Sees Q3 Throughput Volumes Better Than Guidance Thanks To Optimisation Initiatives | Benzinga
Vertex Energy Inc (NASDAQ: VTNR) updated its financial and operational outlook for Q3 2023.
The company sees Q3 throughput volumes at its Mobile, Alabama Refinery of about 80,000 bpd, surpassing its prior guidance of 74,000 bpd-77,000 bpd. This reflects a continued focus on boosting the conventional feedstock procurement program started in Q2.
Also, capacity utilization forecast stands at 107%, better than its prior outlook of 99% - 103%.
Vertex expects finished fuel products to account for 65% to 67% of total production ...