Vertex Energy Q3 Outlook: Capex $15M-$20M, Direct Operating Expense/BBL $5.52-$6.02
Portfolio Pulse from Benzinga Newsdesk
Vertex Energy has released its Q3 2024 outlook, projecting capital expenditures between $15M-$20M and direct operating expenses per barrel between $5.52-$6.02. The Mobile Refinery's conventional throughput volume is expected to be between 55.0 Mbpd and 60.0 Mbpd, with a capacity utilization of 73%-80%. The production yield profile includes 64%-68% finished products and 32%-36% intermediate and other products.
August 08, 2024 | 10:06 am
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Vertex Energy's Q3 2024 outlook includes capital expenditures of $15M-$20M and direct operating expenses per barrel of $5.52-$6.02. The Mobile Refinery's throughput volume is expected to be 55.0-60.0 Mbpd with a capacity utilization of 73%-80%.
The detailed financial and operational guidance provided by Vertex Energy for Q3 2024 is likely to positively impact investor sentiment. The clear expectations for capital expenditures, operating expenses, and production metrics provide transparency and may boost confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100