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

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.