Vertex Energy Inc (NASDAQ:VTNR) shares are higher today. The company’s stock has declined ~57% in the past month.
The company reported an operational update for the fourth quarter of 2023 on Tuesday.
The company expects conventional throughput volumes of around 67,000 bpd (vs. previous guidance of 68,000-71,000 bpd), with the slight reduction reflecting a combined impact of a strategic curtailment in throughput in light of deteriorating market conditions and the previously disclosed downtime to replace an electrical transformer proactively.
Vertex expects the yield ...