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Vertex Energy Says It Is In Line With Guidance In Q2, Coupled With Continued Lower Operating Expense And Lower Capital Spending

Author: Benzinga Newsdesk | July 16, 2024 05:03pm

Highlights include:

  • Expected reductions in direct operating expense of 7% and capital expenditures of 29%, compared to previous guidance midpoints;
  • Anticipated conventional throughput of 68,000 barrels per day (bpd), within guidance range of 68,000 to 72,000 bpd; and
  • Renewable throughput and utilization in line with prior guidance, which took into account the Company's pause and pivot strategy.

Posted In: VTNR


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