Vertex Energy, Inc.: Business Overview, Financials & Competitive Analysis
Vertex Energy, Inc. scores 3/10 on the AskCyborg Cyborg Score (Challenged). Post-bankruptcy turnaround story requiring operational stabilization and market recovery to demonstrate sustainable profitability. Vertex filed for Chapter 11 bankruptcy in September 2024 due to heavy debt burden and challenging macroeconomic environment that squeezed refining margins. Though the company emerged from bankruptcy in January 2025, it now operates as a.
What is Vertex Energy, Inc.'s industry? Vertex Energy, Inc. (vertexenergy.com) operates in Oil & Gas Refining & Marketing. AskCyborg classifies Vertex Energy, Inc. under Oil & Gas Refining & Marketing in its company registry.
Vertex Energy is an energy transition company focused on refining and distributing petroleum products comprising a mobile refinery, as well as selling ferrous and non-ferrous recyclable metal products and Group III ba...
Cyborg Score thesis
Post-bankruptcy turnaround story requiring operational stabilization and market recovery to demonstrate sustainable...
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Get Current Report FreeVertex Energy, Inc. Overview
Pro stress-test →Vertex Energy is an energy transition company focused on refining and distributing petroleum products comprising a mobile refinery, as well as selling ferrous and non-ferrous recyclable metal products and Group III base oils. Founded in 2001 and headquartered in Houston, Texas, the company operates a specialty refinery in Mobile, Alabama producing conventional and alternative fuels.
Strategic Profile
Pro stress-test →Vertex successfully completed its financial restructuring and emerged from Chapter 11 in January 2025 with a strengthened balance sheet following deleveraging of approximately $320 million of prepetition debt. The company now operates as a privately-held company owned by certain lenders including funds managed by BlackRock Financial Management and Highbridge Capital Management. New leadership includes a Board of five directors with significant industry experience, and Mark Smith as CEO with over 40 years in refining.
Competitive Landscape
Pro stress-test →Vertex's challenges are cited as a case study in difficulties facing the renewable diesel sector. The company competes in specialty refining and conventional fuel production against larger integrated refiners and independent refineries. Post-emergence, the company is focused on conventional fuel production optimization rather than renewable diesel to improve margins.
Industry Context
Vertex Energy, Inc. operates in Oil & Gas Refining & Marketing.
Key facts
Founded: 2001 · Headquarters: Houston, Texas · Employees: 481 · Revenue: $3.18B (2023)