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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Revenues $ 3,177,187,000 $ 2,791,715,000 $ 207,760,000
Cost of revenues (exclusive of depreciation and amortization shown separately below) 3,005,996,000 2,598,276,000 178,786,000
Depreciation and amortization attributable to costs of revenues 27,018,000 13,429,000 4,043,000
Gross profit 144,173,000 180,010,000 24,931,000
Operating expenses:      
Selling, general and administrative expenses 168,640,000 127,782,000 30,606,000
Depreciation and amortization attributable to operating expenses 4,146,000 3,673,000 1,681,000
Total operating expenses 172,786,000 131,455,000 34,411,000
Income (loss) from operations (28,613,000) 48,555,000 (9,480,000)
Other income (expense):      
Other income (expense) 633,000 (306,000) 4,158,000
Gain (loss) on change in value of derivative warrant liability 7,992,000 7,821,000 (15,685,000)
Interest expense (119,567,000) (79,911,000) (3,832,000)
Total other expense (110,942,000) (72,396,000) (15,359,000)
Loss from continuing operations before income tax (139,555,000) (23,841,000) (24,839,000)
Income tax benefit 13,385,000 7,171,000 0
Loss from continuing operations (126,170,000) (16,670,000) (24,839,000)
Income from discontinued operations, net of tax (see note 24) 54,197,000 18,667,000 17,178,000
Net income (loss) (71,973,000) 1,997,000 (7,661,000)
Net income (loss) attributable to non-controlling interest and redeemable non-controlling interest from continuing operations (487,000) (63,000) 207,000
Net income attributable to non-controlling interest and redeemable non-controlling interest from discontinued operations 0 6,882,000 10,496,000
Net loss attributable to Vertex Energy, Inc. (71,486,000) (4,822,000) (18,364,000)
Accretion of redeemable noncontrolling interest to redemption value 0 (428,000) (1,992,000)
Accretion of discount on Series B and B-1 Preferred Stock 0 0 (507,000)
Dividends on Series B and B-1 Preferred Stock 0 0 258,000
Net loss attributable to stockholders from continuing operations (125,683,000) (17,035,000) (27,287,000)
Net income attributable to stockholders from discontinued operations, net of tax 54,197,000 11,785,000 6,682,000
Net loss attributable to common stockholders $ (71,486,000) $ (5,250,000) $ (20,605,000)
Basic income (loss) per common share      
Continuing operations (in dollars per share) $ (1.47) $ (0.24) $ (0.48)
Discontinued operations, net of tax (in dollars per share) 0.63 0.17 0.12
Basic loss per common share (in dollars per share) (0.84) (0.07) (0.36)
Diluted income (loss) per common share      
Continuing operations (in dollars per share) (1.47) (0.24) (0.48)
Discontinued operations, net of tax (in dollars per share) 0.63 0.17 0.12
Diluted loss per common share (in dollars per share) $ (0.84) $ (0.07) $ (0.36)
Shares used in computing income (loss) per share      
Basic (in shares) 85,596 70,686 56,303
Diluted (in shares) 85,596 70,686 56,303
Loss on assets impairment $ 0 $ 0 $ 2,124,000