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Vertex Energy Provided An Update To Its Financial And Operational Outlook For The Fourth Quarter Of 2023

Benzinga ·  Jan 23, 2024 03:33
  • Conventional throughput volumes anticipated at approximately 67,000 bpd, vs. previously forecasted 68,000-71,000 bpd.
  • Expected fourth quarter finished product yield of 65%-67%, in line with previously forecasted range of 64%-68%.
  • Renewable throughput volumes anticipated at approximately 3,900 bpd, at the low end of previously forecasted 4,000-6,000 bpd.
  • Expected renewable production yield at approximately 96% vs. prior forecasted range of 97%-98%.
  • Average fourth quarter crack spreads on finished refined products declined 40% vs. third quarter average levels.
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