Vertex Energy slumps to 3-year low on Q4 loss

Vertex Energy

28/02/2024 15:16

(Updates)
    ** Shares of refiner Vertex Energy  VTNR.O  slump as much as
30% to nearly a three-year low of $1.17
    ** Co posts loss in Q4 vs. year-ago profit pressured by
lower gross fuel margins and throughput 
    ** Reports Q4 net loss 84 cents/shr, compared with a
year-ago profit of 7 cents/shr
    ** VTNR posts Q4 conventional fuels refinery throughput of
67,083 barrels per day (bpd) in Q4, compared with 77,964 bpd a
year ago 
    ** Including session's losses, stock has lost 65% YTD

 (Reporting by Vallari Srivastava)
 ((Srivastava.Vallari@thomsonreuters.com;))