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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenues $ 734,893 $ 1,029,369 $ 1,426,035 $ 1,103,906
Cost of revenues (exclusive of depreciation and amortization shown separately below) 729,649 1,007,143 1,349,001 1,068,133
Depreciation and amortization attributable to costs of revenues 6,630 4,063 10,967 5,090
Gross profit (loss) (1,386) 18,163 66,067 30,683
Operating expenses:        
Selling, general and administrative expenses (exclusive of depreciation and amortization shown separately below) 42,636 40,748 84,578 52,897
Depreciation and amortization attributable to operating expenses 1,028 1,127 2,044 1,536
Total operating expenses 43,664 41,875 86,622 54,433
Loss from operations (45,050) (23,712) (20,555) (23,750)
Other income (expense):        
Other income (loss) (496) 171 1,156 643
Gain (loss) on change in value of derivative warrant liability 9,600 (945) 415 (4,524)
Interest expense (77,536) (47,712) (90,013) (51,933)
Total other expense (68,432) (48,486) (88,442) (55,814)
Loss from continuing operations before income tax (113,482) (72,198) (108,997) (79,564)
Income tax benefit (expense) 28,688 0 27,676 0
Loss from continuing operations (84,794) (72,198) (81,321) (79,564)
Income from discontinued operations, net of tax (see note 23) 3,340 8,416 53,680 14,973
Net loss (81,454) (63,782) (27,641) (64,591)
Net income (loss) attributable to non-controlling interest and redeemable non-controlling interest from continuing operations (53) 137 (103) 64
Net income attributable to non-controlling interest and redeemable non-controlling interest from discontinued operations 0 3,050 0 6,862
Net loss attributable to Vertex Energy, Inc. (81,401) (66,969) (27,538) (71,517)
Accretion of redeemable noncontrolling interest to redemption value from continued operations 0 (7) 0 (428)
Net loss attributable to common stockholders from continuing operations (84,741) (72,342) (81,218) (80,056)
Net income attributable to common stockholders from discontinued operations, net of tax 3,340 5,366 53,680 8,111
Net loss attributable to common shareholders, basic (81,401) (66,976) (27,538) (71,945)
Net loss attributable to common shareholders ,diluted $ (81,401) $ (66,976) $ (27,538) $ (71,945)
Basic loss per common share        
Continuing operations (in dollars per share) $ (1.07) $ (1.07) $ (1.05) $ (1.22)
Discontinued operations, net of tax (in dollars per share) 0.04 0.08 0.69 0.12
Basic loss per common share (in dollars per share) $ (1.03) $ (0.99) $ (0.36) $ (1.10)
Shares used in computing earnings per share        
Basic (in shares) 79,519 67,923 77,615 65,660
Diluted (in shares) 79,519 67,923 77,615 65,660