|
|
|
|
Retail Supplier Reports Earnings, Other Financial Data In Connection With Sale
Various financial metrics for U.S. Gas & Electric have been reported in an investor presentation regarding the previously reported transaction (see details here) under which Equus Total Return, Inc. has entered into a definitive agreement to acquire MVC Capital, Inc.'s largest portfolio holding, U.S. Gas & Electric, Inc.
U.S. Gas & Electric recorded Adjusted EBITDA of $35.5 million in 2016, versus $32.3 million in 2015.
U.S. Gas & Electric gross profit was $75.7 million in 2016, versus $67.7 million in 2015
U.S. Gas & Electric sales were $255.4 million in 2016, versus $256.5 million in 2015
U.S. Gas & Electric was serving over 375,000 residential customer equivalents (RCEs) as of January 31, 2017
As of January 31, 2017, 53% of USG&E’s RCEs were residential and 47% were commercial.
As of January 31, 2017, 61% of USG&E’s RCEs were electric and 39% were natural gas.
ADVERTISEMENT Copyright 2010-16 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
May 23, 2017
Email This Story
Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Pit Crew Analyst - Pricing, Contracting & Service Guru -- DFW / Irving
• NEW! -- Sales & Marketing Manager -- Retail Supplier
• NEW! -- Director, Regulatory Compliance -- Retail Supplier -- Houston
• NEW! -- Sr. Energy Consultant
• NEW! -- Manager of Regulatory Affairs -- Retail Supplier
• NEW! -- Sales Support Specialist Energy Solutions -- Retail Supplier
• NEW! -- Paralegal, Regulatory Affairs -- Retail Supplier -- Houston
• NEW! -- EDI Transactions Manager -- Retail Supplier -- Houston
• NEW! -- Director of Channel Sales -- Retail Supplier
• NEW! -- Sales Manager -- Retail Supplier -- New York
• NEW! -- Sales Manager -- Retail Supplier -- MA / NJ
• NEW! -- Sales Agent -- Retail Supplier -- Multiple markets
• NEW! -- Customer Retention -- Retail Supplier -- Houston
|
|
|