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Spark Energy, Inc. Reports Second Quarter 2021 Financial Results
ACCESSWIRE
05 Aug 2021, 07:43 GMT+10
HOUSTON, TX / ACCESSWIRE / August 4, 2021 / Spark Energy, Inc. ( Spark or the Company ) (NASDAQ:SPKE)(FSE:SLE), an independent retail energy services company, today reported financial results for the quarter ended June 30, 2021.
Key Highlights
Achieved $14.4 million in Adjusted EBITDA, and $26.4 million in Retail Gross Margin, and $24.8 million in Net Income for the second quarter
Total RCE count of 347,000 as of June 30, 2021
Entered into four separate agreements to acquire approximately 56,900 RCEs
Average monthly attrition of 3.3%
Total liquidity of $151.8 million as of June 30, 2021 We are proud to announce that on May 25th, 2021, we entered into four agreements to acquire a total of approximately 56,900 RCEs. These customers are expected to be immediately accretive to Adjusted EBITDA. Subsequent to quarter end, Spark entered into an agreement that will bring an addi