Vertex Energy Sees Q3 Throughput Volumes Better Than Guidance, Thanks To Optimisation Initiatives
Portfolio Pulse from Lekha Gupta
Vertex Energy Inc (VTNR) has updated its Q3 2023 financial and operational outlook, with throughput volumes at its Mobile, Alabama Refinery expected to surpass prior guidance, thanks to optimization initiatives. The company also expects finished fuel products to account for a larger percentage of total production volumes than previously guided. The company's shares are trading higher by 8.9%.
October 13, 2023 | 3:35 pm
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Vertex Energy's Q3 2023 outlook surpasses prior guidance due to optimization initiatives, leading to a rise in its stock price.
The company's updated Q3 2023 outlook, which surpasses prior guidance due to optimization initiatives, has led to a positive market reaction, with the company's shares trading higher. This indicates investor confidence in the company's operational and financial performance.
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