Brief: Spark Energy reports qtrly total revenue of $194.3 million

Via Renewables

08/05/2017 11:00

May 8 (Reuters) - Spark Energy Inc  SPKE.O :  
    * Spark Energy Inc - Spark is maintaining 2017 adjusted 
ebitda guidance in range of $110.0 to $120.0 million 
    * Spark Energy Inc reports first quarter 2017 financial 
results and announces verde energy acquisition 
    * Spark Energy - entered purchase and sale agreement for 
acquisition of Verde, which operates in eight states selling 
100pct renewable electricity products 
    * Spark Energy Inc - spark will pay cash of $45 million at 
deal closing and installment payments totaling $20 million over 
18 months 
    * Spark Energy Inc - expects to fund verde acquisition using 
combination of cash on hand along with additional borrowings 
under Spark's credit facilities 
    * Spark Energy Inc - qtrly total revenues $194.3 million 
versus $110.5 million 
    * Spark Energy Inc - qtrly net income $11.4 million versus 
$15.7 million 
    * Q1 earnings per share view $0.67, revenue view $146.3 
million -- Thomson Reuters I/B/E/S 
 
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