Vertex Energy Says Q3 Conventional Throughput Volumes Expected To Be 80,000 bpd (Prior Forecast 74,000 bpd-77,000 bpd), Expects Q3 Finished Product Yield 65%-67% (Prior Forecast 59%-63%)
Portfolio Pulse from Benzinga Newsdesk
Vertex Energy has revised its Q3 forecast, expecting conventional throughput volumes to be 80,000 bpd, up from the previous forecast of 74,000-77,000 bpd. The company also expects Q3 finished product yield to be between 65%-67%, higher than the previous forecast of 59%-63%.
October 13, 2023 | 10:34 am
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POSITIVE IMPACT
Vertex Energy's upward revision of its Q3 forecast could potentially lead to a positive impact on its stock price in the short term.
The company's upward revision of its Q3 forecast indicates better-than-expected performance. This could potentially lead to increased investor confidence and a positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100