Summer Energy Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
August 13, 2015 at 10:02 pm IST
Share
Summer Energy Holdings, Inc. reported positive financial results for the second quarter and six months ended June 30, 2015. These results reflect its sixth consecutive quarter of customer growth and third consecutive quarter of profitability. For the period ended June 30, 2015, the company reported quarterly operating income of $811,092.
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.