Summer Energy Holdings, Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
November 13, 2015 at 05:23 pm
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Summer Energy Holdings, Inc. announced earnings results for the third quarter and nine months ended September 30, 2015. For the quarter ended September 30, 2015, the company reported operating income of $1,998,605.
Year-to-date operating income of $3,393,364, these results reflect its seventh consecutive quarter of customer growth and third consecutive quarter of profitability.
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.