Vertex Energy lifts guidance after project completion

|About: Vertex Energy, Inc. (VTNR)|By:, SA News Editor

Vertex Energy (VTNR +4.5%) issues upside guidance for Q3, seeing revenues of $45M-$50M vs. $37M analyst consensus, after announcing completion of the largest diesel project in its history.

VTNR says Vertex Recovery removed and sold 2M gallons of distressed fuel in Q3, and participated in the dismantling of a fuel system and the decommissioning of a facility; it anticipates similar projects will be an increasing part of its business going forward.