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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenues $ 810,208,000 $ 50,982,000 $ 1,915,423,000 $ 147,807,000
Cost of revenues (exclusive of depreciation and amortization shown separately below) 750,463,000 46,142,000 1,819,757,000 127,986,000
Depreciation and amortization attributable to costs of revenues 4,050,000 1,028,000 9,144,000 3,002,000
Gross profit 55,695,000 3,812,000 86,522,000 16,819,000
Operating expenses:        
Selling, general and administrative expenses 36,978,000 8,177,000 89,934,000 21,742,000
Depreciation and amortization attributable to operating expenses 1,120,000 420,000 2,656,000 1,260,000
Total operating expenses 38,098,000 8,597,000 92,590,000 23,002,000
Income (loss) from operations 17,597,000 (4,785,000) (6,068,000) (6,183,000)
Other income (expense):        
Other income (expenses) 417,000 (3,000) 1,060,000 4,220,000
Gain (loss) on change in value of derivative warrant liability 12,312,000 11,907,000 7,788,000 (11,380,000)
Interest expense (13,131,000) (455,000) (65,083,000) (919,000)
Total other income (expense) (402,000) 11,449,000 (56,235,000) (8,079,000)
Income (loss) from continuing operations before income tax 17,195,000 6,664,000 (62,303,000) (14,262,000)
Income tax benefit (expense) 0 0 0 0
Income (loss) from continuing operations 17,195,000 6,664,000 (62,303,000) (14,262,000)
Income from discontinued operations, net of tax 4,975,000 3,981,000 19,882,000 11,915,000
Net income (loss) 22,170,000 10,645,000 (42,421,000) (2,347,000)
Net income (loss) attributable to non-controlling interest and redeemable non-controlling interest from continuing operations (64,000) (115,000) 33,000 511,000
Net income attributable to non-controlling interest and redeemable non-controlling interest from discontinued operations 0 2,400,000 6,829,000 7,183,000
Net income (loss) attributable to Vertex Energy, Inc. 22,234,000 8,360,000 (49,283,000) (10,041,000)
Accretion of redeemable noncontrolling interest to redemption value from continued operations 0 (415,000) (428,000) (1,177,000)
Accretion of discount on Series B and B1 Preferred Stock 0 0 0 (507,000)
Net income (loss) attributable to common shareholders from continuing operations 17,259,000 6,364,000 (62,764,000) (16,457,000)
Net income attributable to common shareholders from discontinued operations, net of tax 4,975,000 1,581,000 13,053,000 4,732,000
Net income (loss) attributable to common shareholders, basic 22,234,000 7,945,000 (49,711,000) (11,725,000)
Net income (loss) attributable to common shareholders diluted $ 22,234,000 $ 7,945,000 $ (49,711,000) $ (11,725,000)
Basic income (loss) per common share        
Continuing operations (in dollars per share) $ 0.23 $ 0.10 $ (0.91) $ (0.31)
Discontinued operations, net of tax (in dollars per share) 0.07 0.03 0.19 0.09
Basic income (loss) per common share (in dollars per share) 0.30 0.13 (0.72) (0.22)
Diluted income (loss) per common share        
Continuing operations (in dollars per share) 0.22 0.10 (0.91) (0.31)
Discontinued operations, net of tax (in dollars per share) 0.06 0.02 0.19 0.09
Diluted income (loss) per share (in dollars per share) $ 0.28 $ 0.12 $ (0.72) $ (0.22)
Shares used in computing earnings per share        
Basic (in shares) 75,591,000 61,349,000 69,007,000 53,964,000
Diluted (in shares) 79,638,000 64,605,000 69,007,000 53,964,000