Spark Energy, Inc. Announces Two Acquisitions, Engagement of Financial Advisor, and Reports Full Year and Fourth Quarter 2017 Financial Results
Spark Energy, Inc (SPKE)
Last spark energy, inc earnings: 11/5 05:20 pm
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US:NASDAQ Investor Relations:
ir.sparkenergy.com/investor-relations
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Source: GlobeNewswire
HOUSTON, March 08, 2018 (GLOBE NEWSWIRE) -- Spark Energy, Inc. ("Spark" or the "Company") (NASDAQ:SPKE), an independent retail energy services company, today reported financial results for the year ended December 31, 2017. Key Business Highlights Achieved record Net Income, Retail Gross Margin and Adjusted EBITDA for full year 2017Recorded $102.9 million in Adjusted EBITDA, $224.5 million in Retail Gross Margin, and $76.3 million in Net Income for the year ended 2017, representing year-over-year increases of 26%, 23%, and 16%, respectivelyRecorded $28.9 million in Adjusted EBITDA, $66.2 million in Retail Gross Margin, and $47.5 million in Net Income for the fourth quarter, representing year-over-year increases of 17%, 13%, and 97%, respectivelyTotal RCE count increased 35% year-over-year to a record 1,042,000 as of December 31, 2017 Overall attrition of 4.3% for the year ended December 31, 2017 Closed three acquisitions in 2017Two new acquisitions announced thus far in 2018 with a
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