)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
Vertex Energy (VTNR) investor relations material
Vertex Energy Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2024 earnings summary8 Aug, 2024
Executive summary
Q2 2024 was marked by a net loss of $53.8M, impacted by a 28% drop in crack spreads and challenging macroeconomic conditions.
The company paused renewable diesel operations, pivoting to conventional fuels with hydrocracker conversion expected to contribute in Q4 2024.
Operational focus included safety, cost reduction, and efficiency, with OpEx down 6% quarter-over-quarter and 12% year-over-year.
Liquidity was enhanced by securing $15M and $20M new term loans, modifying loan agreements, and appointing a Chief Restructuring Officer.
Management has substantial doubt about the company's ability to continue as a going concern due to a $218.2M working capital deficit and term loan maturing April 2025.
Financial highlights
Q2 2024 revenue was $750.1M, up from $734.9M in Q2 2023; net loss was $53.8M, improved from $81.4M in Q2 2023.
Adjusted EBITDA loss was $22.4M in Q2 2024, compared to $(34.2)M in Q2 2023.
Gross profit for Q2 2024 was $0.2M, up from a loss of $1.4M in Q2 2023.
Cash and equivalents at June 30, 2024, were $18.9M; net debt was $284.9M–$303.8M.
Working capital deficit as of June 30, 2024, was $218.2M, mainly due to term loan reclassification.
Outlook and guidance
Q3 2024 will see lower throughput (55,000–60,000 bpd) due to planned turnaround and hydrocracker conversion, with improvement expected in Q4.
OpEx per barrel for Q3 is expected at $5.52–$6.02; capital expenditures projected at $15M–$20M.
Management is focused on refinancing the term loan and reducing costs to address going concern risk.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
)
Edge19 Sep 2025
American Express: An Empire of Plastic
How history, brand, and structure have steadily built American Express' moat, and why Warren Buffett still calls it a one-of-a-kind business.
Frequently asked questions
Vertex Energy, Inc. operates as an environmental services company in the United States. The company re-refines and recycles industrial waste oil streams, including gasoline blendstocks and residual oils; distributes various petroleum products, such as lubricants, medium distillates, and additives; sells hydrocarbon-based fuel products from its re-refining operations to oil refiners, petrochemical producers, asphalt producers and other energy companies; collects used motor oil from quick lube shops and garages; recycles used tires by shredding them into rubber crumb for use as a raw material by tire manufacturers to produce new rubber tires; and aggregates materials for recycling.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage