2023-08-09 06:13:53 ET
- Vertex Energy press release ( NASDAQ: VTNR ): Q2 GAAP EPS of -$1.07 misses by $0.79 .
- Revenue of $734.9M (-28.7% Y/Y) beats by $21.19M .
- Reported Adjusted EBITDA of -$34.2 million.
- Total cash and cash equivalents of $52.1 million including restricted cash of $3.6 million as of June 30, 2023.
- Third Quarter 2023 Financial and Operating Outlook : Capital Expenditures of $20M-$25M; Capacity Utilization of 99%-103%; Mobile Refinery Conventional Throughput Volume (Mbpd) 74.0- 77.0.
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Vertex Energy reports mixed Q2 earnings; initiates Q3 outlook