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Vertex Energy Inc
SUITE 250, 1331 GEMINI STREET
Phone: (866) 660-8156p:866 660-8156 HOUSTON, TX  77058  United States Ticker: VTNRQVTNRQ
Filed for Bankruptcy on 9/24/2024
Case #24-90507, filed in the U.S. Bankruptcy Court for the Southern District of Texas (Houston)
Business Summary
Vertex Energy Inc. is an energy transition company that specializes in producing both renewable and conventional fuels. The Company is engaged in operations across the petroleum value chain, including refining, collection, aggregation, transportation, storage and sales of aggregated feedstock and refined products to end-users. Its segments include Refining and Marketing and Black Oil and Recovery. The Refining and Marketing segment is engaged in the refining and distribution of petroleum products and includes the Mobile Refinery and related operations. In addition, it aggregates a diverse mix of feedstocks petroleum distillates, transmix and other off-specification chemical products. The Black Oil business is engaged in operations across the entire used motor oil recycling value chain including collection, aggregation, transportation, storage, refinement, and sales of aggregated feedstock and re-refined products to end users. It owns a fleet of 68 collection vehicles.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes-Yes-

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/202412/31/2023YesYesYes--

Industries
SIC Code Description
4953 Refuse systems
2911 Petroleum refining
1311 Crude petroleum and natural gas
2992 Lubricating oils and greases

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, President, Chief Executive Officer Benjamin P.Cowart 55 4/16/2009 4/16/2009
Chief Financial Officer ChrisCarlson 51 12/12/2022 5/1/2008
Chief Restructuring Officer SethBullock 51 7/24/2024 7/24/2024
7 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Vertex Refining Alabama LLC 400 Industrial Pkwy Saraland AL United States
Vertex Renewables Alabama, LLC 400 Industrial Pkwy Saraland AL United States
Vertex Refining LA, LLC 5616 Corporate Boulevard Baton Rouge LA United States
10 additional Subsidiary records available in full report.

Business Names
Business Name
Bango Oil LLC
Cedar Marine Terminals, L.P.
Cedar Marine Terminals, LP
38 additional Business Names available in full report.

General Information
Number of Employees: 481 (As of 2/29/2024)
Outstanding Shares: 93,514,346 (As of 8/7/2024)
Shareholders: 296
Stock Exchange: OTC
Federal Tax Id: 953977501
Fax Number: (609) 387-2666


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Sunday, December 1, 2024