Company Quick10K Filing
Vertex Energy
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 40 $61
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-07 Quarter: 2019-06-30
10-Q 2019-05-08 Quarter: 2019-03-31
10-K 2019-03-06 Annual: 2018-12-31
10-Q 2018-11-06 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-15 Quarter: 2018-03-31
10-K 2018-03-07 Annual: 2017-12-31
10-Q 2017-11-07 Quarter: 2017-09-30
10-Q 2017-08-08 Quarter: 2017-06-30
10-Q 2017-05-10 Quarter: 2017-03-31
10-K 2017-03-14 Annual: 2016-12-31
10-Q 2016-11-03 Quarter: 2016-09-30
10-Q 2016-08-11 Quarter: 2016-06-30
10-Q 2016-05-12 Quarter: 2016-03-31
10-K 2016-04-04 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-11 Quarter: 2015-06-30
10-Q 2015-05-19 Quarter: 2015-03-31
10-K 2015-03-31 Annual: 2014-12-31
10-Q 2014-11-14 Quarter: 2014-09-30
10-Q 2014-08-14 Quarter: 2014-06-30
10-Q 2014-05-13 Quarter: 2014-03-31
10-K 2014-03-25 Annual: 2013-12-31
10-Q 2013-11-06 Quarter: 2013-09-30
10-Q 2013-08-14 Quarter: 2013-06-30
10-Q 2013-05-07 Quarter: 2013-03-31
10-K 2013-03-21 Annual: 2012-12-31
10-Q 2012-11-14 Quarter: 2012-09-30
10-Q 2012-08-14 Quarter: 2012-06-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-K 2012-03-29 Annual: 2011-12-31
10-Q 2011-11-01 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-K 2011-03-31 Annual: 2010-12-31
10-Q 2010-11-15 Quarter: 2010-09-30
10-Q 2010-08-16 Quarter: 2010-06-30
10-Q 2010-05-17 Quarter: 2010-03-31
10-K 2010-03-30 Annual: 2009-12-31
8-K 2020-01-17 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2020-01-10 Other Events, Exhibits
8-K 2019-11-08 Earnings, Exhibits
8-K 2019-10-29 Officers, Exhibits
8-K 2019-08-07 Earnings, Exhibits
8-K 2019-07-25 Enter Agreement, Off-BS Arrangement, Sale of Shares, Regulation FD, Exhibits
8-K 2019-07-17 Other Events
8-K 2019-06-20 Shareholder Vote
8-K 2019-05-20 Officers, Exhibits
8-K 2019-05-08 Earnings, Exhibits
8-K 2019-04-26 Amend Bylaw, Exhibits
8-K 2019-04-23 Officers, Officers
8-K 2019-03-06 Earnings, Exhibits
8-K 2018-11-06 Earnings, Exhibits
8-K 2018-08-09 Earnings, Exhibits
8-K 2018-07-27 Sale of Shares
8-K 2018-06-12 Shareholder Vote
8-K 2018-05-15 Earnings, Exhibits
8-K 2018-04-12 Officers, Exhibits
8-K 2018-03-07 Earnings, Exhibits
8-K 2018-02-05 Other Events

Vertex Energy Financials

VTNR Metrics, Comps, Filings

Annual | Quarterly

Business

We were formed as a Nevada corporation on May 14, 2008. Pursuant to an Amended and Restated Agreement and Plan of Merger dated May 19, 2008, by and between Vertex Holdings, L.P. (formerly Vertex Energy, L.P.), a Texas limited partnership ("Holdings"), us, World Waste Technologies, Inc., a California corporation ("WWT" or "World Waste"), Vertex Merger Sub, LLC, a California limited liability company and our wholly-owned subsidiary ("Merger Subsidiary"), and Benjamin P. Cowart, our Chief Executive Officer, as agent for our shareholders (as amended from time to time, the "Merger Agreement"). Effective on April 16, 2009, World Waste merged with and into Merger Subsidiary, with Merger Subsidiary continuing as the surviving corporation and becoming our wholly-owned subsidiary (the "Merger"). In connection with the Merger, (i) each outstanding share of World Waste common stock was cancelled and exchanged for 0.10 shares of our common stock; (ii) each outstanding share of World Waste Series A preferred stock was cancelled and exchanged for 0.4062 shares of our Series A preferred stock; and (iii) each outstanding share of World Waste Series B preferred stock was cancelled and exchanged for 11.651 shares of our Series A preferred stock.

Additionally, as a result of the Merger, as the successor entity of World Waste, we assumed World Waste's filing obligations with the Securities and Exchange Commission and our common stock began trading on the Over-The-Counter Bulletin Board under the symbol "VTNR.OB" effective May 4, 2009. Subsequently, effective February 13, 2013, our common stock began trading on the NASDAQ Capital Market under the symbol "VTNR".

Effective as of August 31, 2012, we acquired 100% of the outstanding equity interests of Vertex Acquisition Sub, LLC ("Acquisition Sub"), a special purpose entity consisting of substantially all of the assets of Holdings and real-estate properties of B & S Cowart Family L.P. ("B&S LP" and the "Acquisition"). Prior to closing the Acquisition, Holdings contributed to Acquisition Sub substantially all of its assets and liabilities relating to the business of transporting, storing, processing and re-refining petroleum products, crudes and used lubricants, including all of the outstanding equity interests in Holdings' wholly-owned operating subsidiaries, Cedar Marine Terminals, L.P. ("CMT" or "Cedar Marine Terminals"), which operates a 19-acre bulk liquid storage facility and terminal on the Houston Ship Channel, which serves as a truck-in, barge-out facility and provides throughput terminal operations and which terminal is also the site of our proprietary, patented, Thermal Chemical Extraction Process ("TCEP") (described below); Crossroad Carriers, L.P. ("Crossroad") is a common carrier that provides transportation and logistical services for liquid petroleum products, as well as other hazardous materials and product streams; Vertex Recovery, L.P. ("Vertex Recovery"), a generator solutions company for the recycling and collection of used oil and oil-related residual materials from large regional and national customers throughout the U.S. and Canada, which it facilitates through a network of independent recyclers and franchise collectors; and H&H Oil, L.P. ("H&H Oil"), which collects and recycles used oil and residual materials from customers based in Austin, Baytown, Dallas, San Antonio and Corpus Christi, Texas and B&S LP contributed real estate associated with the operations of H&H Oil.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Equinor Asa (EQNR) 69,994,329 0% 112,508,000 69,519,000 0 0 0 0 69,493,329
ConocoPhillips (COP) 68,018,376 64% 4.6 10% 71,261,000 38,187,000 38,268,000 24,403,000 7,184,000 17,121,000 79,591,376
Phillips 66 (PSX) 41,075,971 14% 5.9 10% 57,781,000 30,475,000 111,866,000 15,212,000 5,658,000 8,410,000 50,028,971
Marathon Petroleum (MPC) 35,387,520 12% 7.5 4% 96,896,000 52,830,000 117,768,000 13,761,000 3,762,000 8,310,000 61,991,520
Valero Energy (VLO) 34,998,810 4% 10.6 5% 52,022,000 30,677,000 112,775,000 4,653,000 2,711,000 3,978,000 42,132,810
Imperial Oil (IMO) 21,511,224 0% 5.2 7% 41,929,000 16,907,000 28,407,000 0 3,107,000 4,892,000 25,392,224
Hess (HES) 19,906,941 0% 8.4 0% 21,695,000 11,164,000 6,793,000 0 108,000 2,889,000 24,223,941
HollyFrontier (HFC) 7,095,468 22% 4.5 8% 12,104,491 6,091,344 17,794,865 3,893,035 997,331 1,927,091 8,611,656
YPF (YPF) 5,144,531 0% 994,016,000 631,659,000 0 0 0 0 5,144,531
CVR Energy (CVI) 4,800,885 12% 6.9 12% 3,830,000 2,124,000 6,845,000 854,000 457,000 785,000 5,450,885
PBF Energy (PBF) 3,360,443 2% 23.6 2% 8,809,700 5,299,700 25,715,434 449,044 204,040 224,417 5,293,243
Delek US (DK) 3,046,015 9% 3.9 8% 6,573,200 4,687,000 9,649,500 825,500 546,100 1,040,000 4,011,315
CVR Refining (CVRR) 2,907,720 8% 6.5 16% 2,505,000 1,059,000 6,655,900 523,500 409,700 469,900 3,052,720
Calumet Specialty (CLMT) 349,611 25% 6.2 0% 2,207,100 2,140,000 1,744,900 443,200 1,200 271,000 1,668,811
Trecora Resources (TREC) 233,848 11% 19.9 -1% 338,633 148,676 282,611 30,174 -2,744 16,513 327,908
Vertex Energy (VTNR) 61,327 14% 35.1 -7% 116,479 71,165 175,413 24,580 -7,880 2,330 81,734
BP Prudhoe Bay (BPT)
Suncor Energy (SU)
BP (BP) 0% 282,176,000 180,628,000 0 0 0 0 -6,148,000
China Petroleum & Chemical (SNP) 0% 1,592,308,000 735,773,000 0 0 0 0 -0

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash6758082,6796,0177651,70101,500
Accounts Receivable5,4367,16111,7159,9376,31510,95211,2899,028
Inventory6,4095,8708,54012,6213,5484,3586,3058,091
PP&E12411,61716,44459,92053,02950,03048,62047,285
Assets16,73449,10264,546133,82295,33986,98684,30584,160
Accounts Payable8,792
Long-Term Debt8,0318,51642,00426,95414,60119,74020,566
Liabilities7,39628,70226,21075,20242,44828,66832,96133,171
Stockholders' Equity9,33720,40037,14458,62040,93641,12627,98527,371
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue109,722134,573161,967258,905146,94298,079145,499180,721
Cost of Revenue101,666124,788145,628244,293136,24681,760123,393151,314
Gross Profit8,0749,78516,33914,61210,69616,31922,10629,407
R&D
SG&A4,1007,3949,28825,10724,78926,43228,32921,927
Tax-1,842-1,40113612300-2740
Net Income5,7543,6588,311-5,872-22,517-3,951-8,138-1,984
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-713,0004,393-1,525-12,971-14,146-2,9635,376
Cash Investing-305-3,148-2,467-40,205-48015,883-3,798-2,769
Cash Financing306281-5545,0698,199-8014,660-863