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During the fourth quarter, the company reported Retail Gross Margin of $64.3 million compared with $50.2 million in the year-ago quarter. This increase is due to electricity unit margins and volumes returning to normal after a downturn in 2018, offset by lower customer counts.
Spark Energy reported Adjusted EBITDA of $92.4 million in 2019 compared with $70.7 million in 2018. The year-over-year improvement was primarily due to higher Retail Gross Margin.
Nearly 70% of all new sales of Spark Energy in 2019 came from clean energy sources.
Financial Update
Cash and cash equivalents as of Dec 31, 2019 were $56.7 million compared with $41 million as of Dec 31, 2018.
Long-term debt as of Dec 31, 2019 was $123 million compared with $129.5 million as of Dec 31, 2018.
Cash from operating activities in 2019 was $91.7 million compared with $59.8 million in 2018.
FirstEnergy Corporation (FE - Free Report) came up with fourth-quarter 2019 operating earnings of 55 cents per share, which beat the Zacks Consensus Estimate of 48 cents by 14.6%.
Exelon Corporation’s (EXC - Free Report) fourth-quarter 2019 operating earnings of 83 cents per share surpassed the Zacks Consensus Estimate of 73 cents by 13.6%.
Dominion Energy Inc. (D - Free Report) reported fourth-quarter 2019 operating earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.16 by 1.7%.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
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Spark Energy's (SPKE) 2019 Earnings Rise, Sales Drop Y/Y
Spark Energy reported 2019 operating earnings of 2 cents per share, against loss of 69 cents in 2018.
Total Revenues
Spark Energy’s total revenues came in at $813.7 million, down 19.1% from $1,005.9 million reported in 2018.
Spark Energy, Inc. Price, Consensus and EPS Surprise
Spark Energy, Inc. price-consensus-eps-surprise-chart | Spark Energy, Inc. Quote
Highlights of the Release
During the fourth quarter, the company reported Retail Gross Margin of $64.3 million compared with $50.2 million in the year-ago quarter. This increase is due to electricity unit margins and volumes returning to normal after a downturn in 2018, offset by lower customer counts.
Spark Energy reported Adjusted EBITDA of $92.4 million in 2019 compared with $70.7 million in 2018. The year-over-year improvement was primarily due to higher Retail Gross Margin.
Nearly 70% of all new sales of Spark Energy in 2019 came from clean energy sources.
Financial Update
Cash and cash equivalents as of Dec 31, 2019 were $56.7 million compared with $41 million as of Dec 31, 2018.
Long-term debt as of Dec 31, 2019 was $123 million compared with $129.5 million as of Dec 31, 2018.
Cash from operating activities in 2019 was $91.7 million compared with $59.8 million in 2018.
Zacks Rank
Currently, Spark Energy has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Releases
FirstEnergy Corporation (FE - Free Report) came up with fourth-quarter 2019 operating earnings of 55 cents per share, which beat the Zacks Consensus Estimate of 48 cents by 14.6%.
Exelon Corporation’s (EXC - Free Report) fourth-quarter 2019 operating earnings of 83 cents per share surpassed the Zacks Consensus Estimate of 73 cents by 13.6%.
Dominion Energy Inc. (D - Free Report) reported fourth-quarter 2019 operating earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.16 by 1.7%.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
See 5 Stocks Set to Double>>