Vertex Energy Reports First Quarter 2021 Results phoenixherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phoenixherald.com Daily Mail and Mail on Sunday newspapers.
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
Image courtesy of CHS Inc. The project will increase the facility’s overall shipping bin storage capacity to 850,000 bushels.
American agribusiness CHS Inc. announced plans Wednesday for a $73 million project at its grain export terminal in Myrtle Grove, LA that will improve the site’s storage and handling capabilities.
“CHS is always looking for ways to expand market access for farmers,” Chris Pothen, vice president, CHS Global Grain & Processing, said in a company release. “Improvements at Myrtle Grove will allow us to move more grain to world markets with greater speed and efficiency.”
The terminal, about 25 miles south of New Orleans, is the first on the Mississippi River. It currently handles soybeans, corn, rice, wheat, DDGS, and specialty grains for export to customers in the Asia Pacific and Latin America regions.
CHS expands grain capacity at Myrtle Grove export terminal yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.