Spark Energy, Inc. Reports Second 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, Aug. 03, 2017 (GLOBE NEWSWIRE) -- Spark Energy, Inc. ("Spark" or the "Company") (NASDAQ:SPKE), an independent retail energy services company, today reported financial results for the second quarter ended June 30, 2017. Key Highlights Produced a record $20.0 million in Adjusted EBITDA, $43.1 million in Retail Gross Margin, and $4.7 million in Net Income for the second quarterTotal RCE count increased 2% to a record 826,000 as of June 30, 2017Held overall attrition to 4.1% for the second quarterClosed on a new $120 million credit facility with added flexibility for acquisition strategyAnnounced the closing of the Verde Energy acquisition effective July 1, adding 145,000 RCEs “Spark achieved its strongest second quarter performance in company history as the successful execution of our strategy to drive net customer growth across markets and channels allowed us to overcome the challenges of a milder-than-expected spring across our service area,” said Nathan Kroeker, Spark En
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