Vertex Energy Inc
VTNR
3.22USD+0.05 (+1.58%)Market ClosedWatchlist
Market Summary
USD3.22+0.05
Market Closed1.58%
VTNR Stock Price
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VTNR Fundamentals
VTNR Revenue
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Price Action
Last 7 days
-11.0%
Last 30 days
-22.2%
Last 90 days
-33.7%
Trailing 12 Months
-48.9%
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VTNR Financial Health
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Net sales
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2023 | 3.4B | 3.1B | 3.3B | 0 |
| 2022 | 236.5M | 1.2B | 2.0B | 2.8B |
| 2021 | 197.7M | 206.6M | 241.3M | 187.0M |
| 2020 | 66.0M | 113.6M | 161.2M | 208.9M |
| 2019 | 178.7M | 175.4M | 162.6M | 18.4M |
| 2018 | 152.1M | 162.1M | 180.3M | 180.7M |
| 2017 | 118.7M | 131.2M | 135.2M | 145.5M |
| 2016 | 123.4M | 98.7M | 87.9M | 98.1M |
| 2015 | 249.2M | 226.3M | 188.6M | 146.9M |
| 2014 | 176.1M | 213.0M | 243.1M | 258.9M |
| 2013 | 133.0M | 136.8M | 147.5M | 162.0M |
| 2012 | 115.9M | 122.2M | 128.4M | 134.6M |
| 2011 | 71.0M | 83.9M | 96.8M | 109.7M |
| 2010 | 0 | 0 | 0 | 58.1M |
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Latest Insider Trading transactions for VTNR
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
| Nov 10, 2023 | stratton christopher allen | sold | -392,600 | 3.926 | -100,000 | - |
| Jul 21, 2023 | ruiz alvaro | gifted | - | - | 12,500 | chief strategy officer |
| Jul 21, 2023 | ruiz alvaro | gifted | - | - | -25,000 | chief strategy officer |
| Jul 06, 2023 | carlson chris | acquired | 296,000 | 2.96 | 100,000 | cfo |
| Jun 19, 2023 | maston karen kay | acquired | - | - | 22,121 | - |
| Jun 19, 2023 | harvey timothy c | acquired | - | - | 20,034 | - |
| Jun 19, 2023 | stratton christopher allen | acquired | - | - | 22,121 | - |
| Jun 19, 2023 | borgen dan | acquired | - | - | 28,730 | - |
| Jun 19, 2023 | khoury odeh | acquired | - | - | 20,034 | - |
| May 20, 2023 | ruiz alvaro | acquired | 9,062 | 1.45 | 6,250 | chief strategy officer |
Which funds bought or sold VTNR recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
| Dec 06, 2023 | CITIGROUP INC | reduced | -8.56 | -511,093 | 953,439 | -% |
| Nov 24, 2023 | DEUTSCHE BANK AG\ | reduced | -31.81 | -240,610 | 227,034 | -% |
| Nov 22, 2023 | Graham Capital Management, L.P. | reduced | -41.13 | -3,219,770 | 2,323,520 | 0.06% |
| Nov 21, 2023 | Walleye Capital LLC | sold off | -100 | -522,781 | - | -% |
| Nov 21, 2023 | COMERICA BANK | new | - | 55,625 | 55,625 | -% |
| Nov 15, 2023 | Integrated Wealth Concepts LLC | unchanged | - | -38,164 | 94,349 | -% |
| Nov 15, 2023 | MORGAN STANLEY | added | 68.62 | 141,261 | 845,580 | -% |
| Nov 15, 2023 | GTS SECURITIES LLC | added | 74.37 | 20,738 | 106,600 | -% |
| Nov 15, 2023 | JANE STREET GROUP, LLC | reduced | -59.81 | -789,088 | 316,306 | -% |
| Nov 15, 2023 | Virtu Financial LLC | new | - | 380,000 | 380,000 | 0.04% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Vertex Energy Inc
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Jun 20, 2023 | cowart benjamin p | 7.1% | 6,652,354 | SC 13D/A | |
| May 10, 2023 | state street corp | 5.87% | 4,441,262 | SC 13G/A | |
| Feb 13, 2023 | lytton laurence w | 0.7% | 513,330 | SC 13G/A | |
| Feb 09, 2023 | state street corp | 12.12% | 9,170,496 | SC 13G/A | |
| Feb 09, 2023 | blackrock inc. | 4.9% | 3,730,295 | SC 13G | |
| Feb 08, 2023 | blackrock inc. | 5.2% | 3,929,290 | SC 13G | |
| Jul 15, 2022 | cowart benjamin p | 10.0% | 7,591,811 | SC 13D/A | |
| Jun 27, 2022 | millennium management llc | 0.7% | 551,924 | SC 13G | |
| Jun 10, 2022 | jacinto richard ii | 3.9% | 2,500,000 | SC 13G/A | |
| May 06, 2022 | bunker one (usa), inc. | 2.6% | 1,641,513 | SC 13D/A |
Recent SEC filings of Vertex Energy Inc
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Dec 05, 2023 | 8-K | Current Report | |
| Nov 22, 2023 | 8-K | Current Report | |
| Nov 13, 2023 | 4 | Insider Trading | |
| Nov 13, 2023 | 144 | Notice of Insider Sale Intent | |
| Nov 07, 2023 | 8-K | Current Report | |
| Nov 07, 2023 | 10-Q | Quarterly Report | |
| Oct 16, 2023 | 8-K | Current Report | |
| Oct 13, 2023 | 8-K | Current Report | |
| Sep 19, 2023 | 8-K | Current Report |
Peers (Alternatives to Vertex Energy Inc)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
XOM | 394.5B | 355.7B | -3.29% | -3.94% | 9.59 | 1.11 | -11.79% | -20.69% |
CVX | 269.5B | 210.2B | 1.35% | -16.10% | 10.58 | 1.28 | -11.63% | -25.47% |
MRO | 14.8B | 6.6B | -3.06% | -9.92% | 8.79 | 2.23 | -17.82% | -54.98% |
CHK | 9.9B | 10.9B | -7.80% | -19.02% | 1.83 | 0.91 | 37.84% | 94.62% |
OXY | - | 29.7B | -7.67% | -10.94% | - | - | -19.21% | -57.99% |
| MID-CAP | ||||||||
RRC | 7.2B | 3.9B | -10.24% | 20.19% | 5.21 | 1.83 | -12.27% | 9.11% |
HP | 3.6B | 2.9B | -5.55% | -22.16% | 8.23 | 1.24 | 39.51% | 6143.35% |
CNX | 3.2B | 3.4B | -3.84% | 25.88% | 1.34 | 0.95 | 197.39% | 446.96% |
KOS | 2.9B | 1.8B | -3.50% | 10.26% | 37.6 | 1.66 | -23.88% | -82.35% |
CPE | 2.0B | 2.4B | -7.33% | -15.63% | 3.69 | 0.83 | -7.39% | -51.28% |
| SMALL-CAP | ||||||||
AMPY | 230.9M | 327.6M | -1.50% | -15.45% | 0.61 | 0.7 | -27.62% | 496.32% |
AMTX | 179.2M | - | -0.66% | 15.78% | -1.27 | 1.18 | 21.03% | -281.13% |
BATL | 83.1M | 250.3M | -17.62% | -53.54% | -1.92 | 0.33 | -31.75% | -183.24% |
AE | 67.7M | 2.8B | -16.17% | -31.68% | -10.96 | 0.02 | -14.73% | -145.53% |
BRN | 24.6M | 26.8M | 2.07% | -17.57% | -24.44 | 0.92 | 8.21% | -113.99% |
Vertex Energy Inc News
Latest updates
Financials for Vertex Energy Inc
Income Statement (Last 12 Months)
| Income Statement (Quarterly) | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Revenue | 38.6% | 1,018,407,000 | 734,893,000 | 691,142,000 | 876,946,500 | 810,208,000 | 1,029,369,000 | 74,537,000 | 80,728,879 | 50,982,000 | 30,228,000 | 25,045,243 | 135,028,488 | 16,249,312 | 21,374,127 | 36,203,429 | 37,001,344 | 37,799,259 | 43,657,292 | 39,320,712 | 41,801,748 | 50,632,948 |
| Cost Of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 22,197,805 | 26,836,854 | 31,045,027 | 32,372,316 | 36,515,421 | 34,844,349 | 36,879,263 | 42,593,367 |
| Gross Profit | 6230.5% | 84,969,000 | -1,386,000 | 67,453,000 | 93,560,000 | 55,695,000 | 18,163,000 | 12,520,000 | 12,517,979 | 3,812,000 | 2,071,000 | 2,124,043 | 16,172,127 | 808,836 | -2,063,242 | 8,187,981 | -13,438,219 | 4,067,314 | 7,141,871 | 4,476,363 | 4,922,485 | 8,039,581 |
| Operating Expenses | 1.2% | 44,170,000 | 43,664,000 | 42,958,000 | 38,894,500 | 38,098,000 | 41,875,000 | 12,558,000 | 15,067,011 | 8,597,000 | 4,204,000 | 2,884,978 | 11,214,418 | 1,860,069 | 6,504,457 | 7,156,471 | -13,543,463 | 6,609,137 | 7,809,749 | 7,084,754 | 7,015,568 | 7,465,498 |
| S&GA Expenses | 1.2% | 43,137,000 | 42,636,000 | 41,942,000 | 37,877,500 | 36,978,000 | 40,748,000 | 12,149,000 | 12,128,969 | 8,177,000 | 4,177,000 | 2,858,062 | 26,144,264 | 1,832,067 | 6,030,560 | 6,700,518 | -10,872,606 | 6,153,184 | 6,028,859 | 5,347,741 | 5,258,572 | 5,658,659 |
| EBITDA Margin | 14.0% | 0.03 | 0.02 | 0.02 | 0.02 | -0.01 | -0.42 | -0.30 | -0.23 | -0.06 | -0.09 | -0.05 | -0.04 | -0.04 | -0.03 | - | - | - | - | - | - | - |
| Interest Expenses | -82.6% | 13,523,000 | 77,536,000 | 12,477,000 | 14,837,500 | 13,131,000 | 47,712,000 | 4,221,000 | 3,019,429 | 455,000 | 139,000 | 112,142 | 504,326 | 97,157 | 222,173 | 340,086 | -1,781,530 | 826,005 | 738,972 | 757,803 | 833,084 | 798,800 |
| Income Taxes | 142.5% | 12,200,000 | -28,688,000 | 1,000,000 | -7,171,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings Before Taxes | 128.0% | 31,764,000 | -113,482,000 | 4,486,000 | 38,495,000 | 17,195,000 | -72,198,000 | -7,366,000 | -9,935,072 | 6,664,000 | -19,558,000 | -2,651,856 | -7,645,889 | -1,028,237 | -8,888,473 | 2,390,251 | 962,107 | -1,158,883 | -629,765 | -5,068,995 | -43,450 | -2,393,850 |
| EBT Margin | 31.9% | -0.01 | -0.02 | -0.01 | -0.01 | -0.04 | -0.90 | -0.37 | -0.26 | -0.06 | -0.10 | -0.06 | -0.05 | -0.04 | -0.05 | - | - | - | - | - | - | - |
| Net Income | 124.4% | 19,843,000 | -81,401,000 | 53,813,000 | 42,591,000 | 22,234,000 | -66,969,000 | -808,000 | -11,027,500 | 8,360,000 | -15,957,000 | 2,965,000 | -3,247,115 | -2,435,385 | -8,888,473 | 2,390,251 | 1,588,082 | -1,091,781 | -629,765 | -5,068,995 | -292,470 | -2,287,880 |
| Net Income Margin | -12.3% | 0.01 | 0.01 | 0.02 | 0.00 | -0.02 | -0.62 | -0.21 | -0.16 | -0.05 | -0.09 | -0.05 | -0.05 | -0.05 | -0.04 | - | - | - | - | - | - | - |
| Free Cashflow | 115.5% | 16,429,000 | -106,110,000 | -110,587,000 | 42,879,000 | 63,137,000 | -96,561,150 | -14,157,850 | -7,909,607 | -12,940,033 | 3,015,100 | 1,170,117 | -7,421,850 | -1,476,790 | -487,040 | 2,672,828 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Assets | 4.4% | 893 | 855 | 806 | 689 | 648 | 691 | 280 | 266 | 145 | 135 | 127 | 122 | 125 | 125 | 126 | 121 | 121 | 116 | 121 | 84.00 | 89.00 |
| Current Assets | 7.9% | 401 | 372 | 394 | 373 | 390 | 520 | 241 | 166 | 113 | 44.00 | 35.00 | 30.00 | 33.00 | 33.00 | 34.00 | 27.00 | 25.00 | 20.00 | 24.00 | 24.00 | 27.00 |
| Cash Equivalents | 63.4% | 79.00 | 49.00 | 87.00 | 141 | 117 | 98.00 | 24.00 | 137 | 12.00 | 15.00 | 13.00 | 11.00 | 16.00 | 18.00 | 16.00 | 4.00 | 2.00 | 0.00 | 2.00 | 3.00 | 2.00 |
| Inventory | 3.3% | 223 | 216 | 188 | 135 | 170 | 202 | 13.00 | 8.00 | 2.00 | 9.00 | 7.00 | 1.00 | 4.00 | 4.00 | 4.00 | 7.00 | 6.00 | 6.00 | 6.00 | 8.00 | 7.00 |
| Net PPE | 7.8% | 321 | 298 | 272 | 202 | 165 | 112 | 12.00 | 36.00 | 15.00 | 47.00 | 46.00 | 13.00 | 45.00 | 44.00 | 44.00 | 45.00 | 46.00 | 47.00 | 46.00 | 47.00 | 48.00 |
| Liabilities | 2.7% | 630 | 614 | 585 | 524 | 527 | 593 | 129 | 193 | 68.00 | 80.00 | 59.00 | 61.00 | 61.00 | 59.00 | 51.00 | 70.00 | 71.00 | 71.00 | 75.00 | 33.00 | 38.00 |
| Current Liabilities | 6.3% | 362 | 341 | 268 | 249 | 272 | 340 | 59.00 | 26.00 | 62.00 | 31.00 | 27.00 | 26.00 | 23.00 | 21.00 | 15.00 | 25.00 | 26.00 | 23.00 | 40.00 | 17.00 | 19.00 |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00 |
| LT Debt, Current | 0.4% | 18.00 | 18.00 | 10.00 | 14.00 | 17.00 | 2.00 | 1.00 | 2.00 | 14.00 | 6.00 | 9.00 | 7.00 | 5.00 | 3.00 | 1.00 | 2.00 | 3.00 | 1.00 | 15.00 | 1.00 | 2.00 |
| LT Debt, Non Current | 1.1% | 125 | 124 | 161 | 170 | 168 | 135 | 0.00 | 64.00 | 0.00 | 0.00 | 2.00 | 6.00 | 8.00 | 7.00 | 5.00 | 12.00 | 13.00 | 14.00 | - | 14.00 | 14.00 |
| Shareholder's Equity | 10.1% | 263 | 238 | 221 | 164 | 119 | 98.00 | 104 | 30.00 | 37.00 | 19.00 | 19.00 | 6.00 | 11.00 | 15.00 | 26.00 | 23.00 | 21.00 | 21.00 | 23.00 | 29.00 | 28.00 |
| Retained Earnings | 13.8% | -123 | -143 | -62.03 | -115 | -160 | -182 | -115 | -110 | -101 | -109 | -89.37 | -90.01 | -84.32 | -79.98 | -68.70 | -59.25 | -59.79 | -55.11 | -53.73 | -47.80 | -45.51 |
| Additional Paid-In Capital | 0.3% | 383 | 382 | 280 | 280 | 279 | 278 | 218 | 139 | 137 | 126 | 107 | 95.00 | 94.00 | 94.00 | 94.00 | 82.00 | 80.00 | 76.00 | 75.00 | 75.00 | 73.00 |
| Accumulated Depreciation | - | - | - | - | - | 33.00 | 4.00 | 2.00 | 26.00 | 2.00 | 32.00 | 31.00 | 2.00 | 28.00 | 27.00 | 26.00 | 25.00 | 24.00 | 22.00 | 21.00 | 20.00 | 19.00 |
| Shares Outstanding | 0.3% | 94.00 | 93.00 | 76.00 | 76.00 | 76.00 | 68.00 | 63.00 | 63.00 | 61.00 | 53.00 | 48.00 | 46.00 | 46.00 | 46.00 | 45.00 | 43.00 | 41.00 | 40.00 | 40.00 | 40.00 | 35.00 |
| Minority Interest | 5.9% | 3.00 | 3.00 | 3.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 |
Cashflow (Last 12 Months)(In Thousands)
| Cashflow (Quarterly) | (In Thousands) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Cashflow From Operations | 153.1% | 39,684 | -74,702 | -36,651 | 83,647 | 87,638 | -91,813 | -8,663 | 4,124 | -8,832 | -1,759 | 869 | -710 | -6,693 | 597 | 3,115 | -793 | -3,602 | 2,521 | -1,976 | 4,967 | -2,785 |
| Share Based Compensation | 109.0% | 769 | 368 | 365 | 622 | 378 | 324 | 250 | 249 | 257 | 205 | 151 | 165 | 171 | 157 | 163 | 169 | 159 | 171 | 143 | 165 | 165 |
| Cashflow From Investing | -6.1% | -30,897 | -29,107 | 13,302 | -40,048 | -32,563 | -222,941 | -6,683 | -3,440 | -11,693 | -321 | -462 | -4,869 | 898 | -2,884 | -491 | 2,729 | -867 | -1,567 | -764 | -692 | -322 |
| Cashflow From Financing | -69.8% | 18,388 | 60,826 | -27,570 | -22,078 | -37,354 | 281,191 | -1,397 | 121,722 | 10,160 | 1,475 | 415 | -992 | 2,979 | 3,746 | 9,572 | -3,223 | 6,276 | -2,131 | 1,669 | -3,265 | 3,229 |
VTNR Income Statement
2023-09-30CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Revenues | $ 1,018,407 | $ 809,529 | $ 2,444,442 | $ 1,913,435 |
| Cost of revenues (exclusive of depreciation and amortization shown separately below) | 925,542 | 749,654 | 2,274,543 | 1,817,787 |
| Depreciation and amortization attributable to costs of revenues | 7,896 | 4,049 | 18,863 | 9,139 |
| Gross profit | 84,969 | 55,826 | 151,036 | 86,509 |
| Operating expenses: | ||||
| Selling, general and administrative expenses (exclusive of depreciation and amortization shown separately below) | 43,137 | 37,142 | 127,715 | 90,039 |
| Depreciation and amortization attributable to operating expenses | 1,033 | 1,119 | 3,077 | 2,655 |
| Total operating expenses | 44,170 | 38,261 | 130,792 | 92,694 |
| Income (loss) from operations | 40,799 | 17,565 | 20,244 | (6,185) |
| Other income (expense): | ||||
| Other income (loss) | (133) | 416 | 1,023 | 1,059 |
| Gain on change in value of derivative warrant liability | 4,621 | 12,312 | 5,036 | 7,788 |
| Interest expense | (13,523) | (13,028) | (103,536) | (64,961) |
| Total other expense | (9,035) | (300) | (97,477) | (56,114) |
| Income (loss) from continuing operations before income tax | 31,764 | 17,265 | (77,233) | (62,299) |
| Income tax benefit (expense) | (12,231) | 0 | 15,445 | 0 |
| Income (loss) from continuing operations | 19,533 | 17,265 | (61,788) | (62,299) |
| Income from discontinued operations, net of tax (see note 23) | 0 | 4,905 | 53,680 | 19,878 |
| Net income (loss) | 19,533 | 22,170 | (8,108) | (42,421) |
| Net income (loss) attributable to non-controlling interest and redeemable non-controlling interest from continuing operations | (310) | (49) | (413) | 15 |
| Net income (loss) attributable to non-controlling interest and redeemable non-controlling interest from discontinued operations | 0 | (15) | 0 | 6,847 |
| Net income (loss) attributable to Vertex Energy, Inc. | 19,843 | 22,234 | (7,695) | (49,283) |
| Accretion of redeemable noncontrolling interest to redemption value from continued operations | 0 | 0 | 0 | (428) |
| Net income (loss) attributable to common stockholders from continuing operations | 19,843 | 17,314 | (61,375) | (62,742) |
| Net income attributable to common stockholders from discontinued operations, net of tax | 0 | 4,920 | 53,680 | 13,031 |
| Net income (loss) attributable to common shareholders, basic | 19,843 | 22,234 | (7,695) | (49,711) |
| Net income (loss) attributable to common shareholders, diluted | $ 19,843 | $ 22,234 | $ (7,695) | $ (49,711) |
| Basic loss per common share | ||||
| Continuing operations (in dollars per share) | $ 0.21 | $ 0.23 | $ (0.74) | $ (0.91) |
| Discontinued operations, net of tax (in dollars per share) | 0 | 0.07 | 0.65 | 0.19 |
| Basic loss per common share (in dollars per share) | 0.21 | 0.30 | (0.09) | (0.72) |
| Diluted income (loss) per common share | ||||
| Continuing operations (in dollars per share) | 0.17 | 0.10 | (0.74) | (0.91) |
| Discontinued operations, net of tax (in dollars per share) | 0 | 0.05 | 0.65 | 0.19 |
| Diluted income (loss) per share (in dollars per share) | $ 0.17 | $ 0.15 | $ (0.09) | $ (0.72) |
| Shares used in computing earnings per share | ||||
| Basic (in shares) | 93,381 | 75,591 | 82,928 | 69,007 |
| Diluted (in shares) | 100,427 | 97,126 | 82,928 | 69,007 |
VTNR Balance Sheet
2023-09-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 75,705 | $ 141,258 |
| Restricted cash | 3,605 | 4,929 |
| Accounts receivable, net | 36,816 | 34,548 |
| Inventory | 222,685 | 135,473 |
| Derivative commodity asset | 4,991 | 0 |
| Prepaid expenses and other current assets | 57,315 | 36,660 |
| Assets held for sale, current | 0 | 20,560 |
| Total current assets | 401,117 | 373,428 |
| Fixed assets, net | 321,314 | 201,749 |
| Finance lease right-of-use assets | 65,317 | 44,081 |
| Operating lease right-of use assets | 90,413 | 53,557 |
| Intangible assets, net | 11,207 | 11,827 |
| Deferred taxes assets | 0 | 2,498 |
| Other assets | 3,310 | 2,245 |
| TOTAL ASSETS | 892,678 | 689,385 |
| Current liabilities | ||
| Accounts payable | 63,628 | 20,997 |
| Accrued expenses | 69,315 | 81,711 |
| Finance lease liability-current | 2,297 | 1,363 |
| Operating lease liability-current | 26,047 | 9,012 |
| Current portion of long-term debt, net | 18,321 | 13,911 |
| Obligations under inventory financing agreements, net | 182,487 | 117,939 |
| Derivative commodity liability | 0 | 242 |
| Liabilities held for sale, current | 0 | 3,424 |
| Total current liabilities | 362,095 | 248,599 |
| Long-term debt, net | 125,010 | 170,010 |
| Finance lease liability-long-term | 66,751 | 45,164 |
| Operating lease liability-long-term | 64,367 | 44,545 |
| Deferred tax liabilities | 1,257 | 0 |
| Derivative warrant liability | 9,234 | 14,270 |
| Other liabilities | 1,377 | 1,377 |
| Total liabilities | 630,091 | 523,965 |
| COMMITMENTS AND CONTINGENCIES (Note 4) | 0 | 0 |
| STOCKHOLDERS' EQUITY | ||
| Common stock, $0.001 par value per share; 750,000,000 shares authorized; 93,514,346 and 75,668,826 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively. | 94 | 76 |
| Additional paid-in capital | 382,849 | 279,552 |
| Accumulated deficit | (123,588) | (115,893) |
| Total Vertex Energy, Inc. stockholders' equity | 259,355 | 163,735 |
| Non-controlling interest | 3,232 | 1,685 |
| Total equity | 262,587 | 165,420 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 892,678 | $ 689,385 |
| CEO | Mr. Benjamin P. Cowart |
|---|---|
| WEBSITE | www.vertexenergy.com |
| EMPLOYEES | 497 |