- Anticipated conventional throughput of 64,000 barrels per day (bpd) exceeding guidance of 60,000 to 63,000 bpd due to stronger capacity utilization compared to forecast;
- Strong renewable throughput and utilization in line with midpoint of guidance;
- Projected improved average first quarter crack spreads on finished refined products of 28% compared to fourth quarter 2023; and
- Forecasted reductions in direct operating expense by 11% and capital expenditures by 29% compared to previous guidance midpoints.
Vertex Energy Provides Q1 2024 Operational Update
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