Summer Energy Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2019
May 16, 2019 at 01:22 am IST
Share
Summer Energy Holdings, Inc. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was USD 34.825 million compared to USD 34.050 million a year ago. Operating income was USD 532,288 compared to operating loss of USD 361,044 a year ago. Net income was USD 112,254 compared to net loss of USD 637,155 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.03 a year ago.
Summer Energy Holdings, Inc. operates through its wholly owned subsidiaries Summer Energy, LLC (Summer LLC), Summer Energy Midwest, LLC (Summer Midwest), and Summer Energy Northeast, LLC. Summer LLC is a retail electric provider in the state of Texas under a license with the Public Utility Commission of Texas (PUCT). Summer LLC procures wholesale energy and resells to commercial and residential customers. The Company provides electricity to residential and all size commercial customers in the restructured retail energy market. Summer Northeast is engaged in serving electric load to both residential and commercial customers in the Northeastern United States and holds licenses in Massachusetts and New Hampshire. Summer Midwest provide billing, collections, back-office service, including supply and scheduling services, customer service and accounting services.
SUMMER ENERGY HOLDINGS, INC. 