Vertex Energy Provides Operational Update for First Quarter 2024
The increase reflects better utilization in light of improving market conditions during the quarter.
- The increase reflects better utilization in light of improving market conditions during the quarter.
- This reflects planned turnaround activity, as well as weather related supply events, that were experienced in the first quarter of 2024.
- Operating expenses per barrel for the first quarter of 2024 are expected to total between $4.15 to $4.35 per barrel, a 10.9% improvement vs. prior expectations at the mid-point.
- Vertex’s reported renewable diesel production for the first quarter 2024 is expected to be about 4,000 bpd, at the midpoint of the forecasted range of 3,000 to 5,000 bpd.