HomeMarch 8, 2017
EMEX Reports Volumes, Touts Record Financial Results
Copyright 2017 EnergyChoiceMatters.com.
EMEX, LLC, a broker and energy risk management firm, recently announced several financial growth metrics and disclosed its volumes under contract
EMEX said that it currently has approximately 15 million MWh and 11 million dth under contracts through various terms ranging out to 2027.
EMEX announced for 2016, it achieved a 28% increase in revenue as compared to 2015 and a 178% increase in net income compared to the same period.
EMEX said that it has also realized an 87% growth in forward receivables from the end of 2015 through the end of 2016.
These results were attributed to a continued increase in market share in EMEX's traditional electricity and natural gas markets and the previously reported 2016 acquisition of Texas Energy Aggregation
EMEX noted that in 2016 it was named the "TEPA ABC (Aggregator/Broker/Consultant) of the Year" by The Energy Professionals Association.
You can follow specific tags with a free account and see their newest stories in one place. Sign up or sign in.
Copyright 2017 EnergyChoiceMatters.com. Unauthorized copying, retransmission, or republication prohibited. You are not permitted to copy any work or text of EnergyChoiceMatters.com without the separate and express written consent of EnergyChoiceMatters.com.
