Stock down 17% in premarket trading
- Vertex Energy shares drop 17% in premarket trading
- Company reports net loss of $63.9 million in Q4
- Adjusted Ebitda for Q4 is $35.1 million
- Total conventional throughput at Mobile refinery is 67,083 barrels a day
- Gross profit at Mobile refinery is $7.3 million
Vertex Energy, a specialty refiner, has reported a net loss of $63.9 million in the final quarter of last year. This has caused the company’s shares to drop 17% in premarket trading. The adjusted Ebitda for the fourth quarter is $35.1 million, compared to $75.2 million in the same period the previous year. The total conventional throughput at the Mobile refinery was 67,083 barrels a day, generating a gross profit of $7.3 million. However, the Mobile renewable diesel facility experienced a gross loss of $17.6 million with a daily throughput of 3,926 barrels.
Factuality Level: 8
Factuality Justification: The article provides specific details about Vertex Energy’s financial performance, including net loss, adjusted Ebitda, throughput at refineries, and gross profits. The information seems to be based on the company’s reported financial results without significant bias or misleading information. However, the article lacks broader context or analysis, focusing mainly on the financial figures.
Noise Level: 3
Noise Justification: The article provides specific financial information about Vertex Energy, including details about their losses and profits in the last quarter. It stays on topic and does not dive into unrelated territories. The information is relevant for investors or individuals interested in the company’s financial performance.
Financial Relevance: Yes
Financial Markets Impacted: Shares of Vertex Energy
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Vertex Energy, a specialty refiner. It reports on the company’s swing to a loss in the final quarter of last year and the decline in its stock price. There is no mention of any extreme event or its impact.
Public Companies: Vertex Energy (Not available)
Key People: Robb M. Stewart (Not available)
Reported publicly:
www.marketwatch.com 
