Spark Energy, Inc. Reports Third 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, Nov. 02, 2017 (GLOBE NEWSWIRE) -- Spark Energy, Inc. ("Spark" or the "Company") (NASDAQ:SPKE), an independent retail energy services company, today reported financial results for the quarter ended September 30, 2017. Key Highlights Achieved $19.6 million in Adjusted EBITDA, $50.6 million in Retail Gross Margin, and $12.9 million in Net Income for the third quarterTotal RCE count increased 16% to a record 957,000 as of September 30, 2017Overall monthly attrition of 4.2% for the third quarterAdded two new banks and expanded the senior credit facility to $150.0 million in commitments with a new $50.0 million accordion “Spark continues to deliver solid, dependable results, even in a quarter marked by milder-than-anticipated weather and the devastation of Hurricane Harvey,” said Nathan Kroeker, Spark Energy’s President and Chief Executive Officer. “During the quarter, we began the integration of Verde as we near completion of the Perigee integration. In addition, we added tw
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