Spark Energy (SPKE) Increases FY17 Adjusted EBITDA Guidance

Spark Energy, Inc. (NASDAQ: SPKE), a Delaware corporation (“Spark” or the “Company”), announced today its Adjusted EBITDA guidance of $90.0 million – $100.0 million for the year ended December 31, 2017. The new guidance represents approximately a 100% increase over Spark’s initial 2016 Adjusted EBITDA guidance. Our 2017 guidance is based upon projected customer acquisition costs of $27.0 million – $33.0 million and excludes the effect of any additional contributions from potential dropdowns or acquisitions.

“We are extremely pleased to announce our Adjusted EBITDA guidance for 2017,” said Nathan Kroeker, Spark Energy’s President and Chief Executive Officer. “Our 2017 estimated Adjusted EBITDA reflects continued organic growth across our expanded portfolio of brands, and excludes any potential M&A activities which we continue to actively pursue. While we are still finalizing our 2016 results, we are looking forward to again announcing record earnings, which we anticipate falling within our updated 2016 guidance range of $80.0 million to $85.0 million of Adjusted EBITDA.”

The Company recently announced the establishment of an additional credit facility of up to $25.0 million with its sponsor to enhance working capital, for growth initiatives, and for capital optimization, including, subject to lender approval, stock buybacks.

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