Vertex Energy, Inc. (NASDAQ:VTNR) Q1 2022 Earnings Conference Call May 10, 2022 9:00 AM ET

Company Participants

Noel Ryan – Investor Relations

Ben Cowart – Chairman and Chief Executive Officer

Chris Carlson – Chief Financial Officer

Alvaro Ruiz – Executive Vice President-Development

Conference Call Participants

Manav Gupta – Credit Suisse

Eric Stein – Craig-Hallum

Amit Dayal – H.C. Wainwright

Operator

Good day, ladies and gentlemen, and welcome to the Vertex Energy Q1 2022 Earnings Conference Call. At this time, all participants have been placed on listen-only mode. [Operator Instructions]

It is now my pleasure to turn the floor over to your host Noel Ryan with the Investor Relations team. Noel, the floor is yours.

Noel Ryan

Thank you, Paul. Good morning, and welcome to Vertex Energy’s first quarter 2022 results conference call. Leading the call today are our Chairman and CEO, Ben Cowart; CFO, Chris Carlson; and EVP of Development, Alvaro Ruiz. We issue to press release before the market opened this morning, detailing our recent operational and financial results.

I’d like to remind you that management’s commentary and responses to questions on today’s conference call may include forward-looking statements, which by their nature are uncertain and outside of the company’s control. Although these forward-looking statements are based on management’s current expectations and beliefs, actual results could differ materially. For discussion of some of the risk factors that could cause results to differ please refer to the Risk Factor section of Vertex Energy’s latest, annual and quarterly filings with the SEC.

Additionally, please note, you can find reconciliations of the historical non-GAAP financial measures discussed during our call on the press release issued today.

Today’s call will begin with remarks from Ben Cowart followed by financial review from Chris Carlson. At the conclusion of these prepared remarks, we’ll open the line for questions.

And with that, I’ll turn the call over to Ben.

Ben Cowart

Thank you, Noel, and good morning to everybody joining us today. Sorry for my voice. I had a lot to talk about here lately. For the purpose of today’s call, I’d like to begin with an update on our recent acquired refinery in Mobile, Alabama. Exactly 40 days ago, Vertex assumed ownership of the Mobile refinery signaling an entirely new chapter in the history of the company. This next chapter will be one during which you will see us build a leading platform focused on the development and acquisition of complimentary energy transition assets with an emphasis on conventional and alternative fuels.