Vertex Energy Q2 Outlook: Capex $20M-$25M, Direct Operating Expense/BBL $4.11-$4.46
Portfolio Pulse from Benzinga Newsdesk
Vertex Energy has released its Q2 2024 outlook, projecting capital expenditures of $20M-$25M and direct operating expenses per barrel between $4.11 and $4.46. The outlook includes details on conventional and renewable fuels production, with conventional fuels throughput volume expected between 68.0 and 72.0 Mbpd and renewable fuels throughput volume between 2.0 and 4.0 Mbpd. Capacity utilization is forecasted to range from 91% to 96% for conventional fuels and 25% to 50% for renewable fuels.
May 09, 2024 | 10:04 am
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Vertex Energy's Q2 2024 financial guidance indicates a focus on both conventional and renewable fuels, with significant capital expenditures and operational costs.
The detailed financial and operational guidance provided by Vertex Energy for Q2 2024 suggests a strategic focus on expanding and optimizing its fuels production. The projected capital expenditures and operating expenses indicate a commitment to growth and efficiency in both conventional and renewable fuels sectors. This forward-looking approach could be viewed positively by investors, potentially leading to a short-term positive impact on VTNR's stock price.
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IMPORTANCE 90
RELEVANCE 100