Vertex Energy, Inc.: Vertex Energy Reports First Quarter 2021 Results
HOUSTON, TX / ACCESSWIRE / May 13, 2021 /
Vertex Energy, Inc. (NASDAQ:VTNR)( Vertex Energy or the Company ), a leading specialty refiner and marketer of high-quality refined products, today announced its financial results for the first quarter 2021 ended March 31, 2021.
FIRST QUARTER 2021 RESULTS
Generated net income attributable to Vertex Energy, Inc. of $1.0 million
Adjusted EBITDA of $6.5 million, an increase of $4.9 million from first quarter 2020
Total collections +17% y/y to 10.4 million gallons
Marrero and Heartland refineries both operated a peak utilization, given strong refined product margins
Group II+ base oil prices increased 20% on a y/y basis, supporting improved margin capture at Heartland
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