Stifel Downgrades Spark Energy (SPKE) to Hold
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Spark Energy, Inc. Reports Full Year and Fourth Quarter 2014 Financial Results, Provides 2015 Update
March 26, 2015 4:30 PM EDTHOUSTON, March 26, 2015 (GLOBE NEWSWIRE) -- Spark Energy, Inc. (Nasdaq: SPKE), a Delaware corporation ("Spark"), today reported financial results for the year ended December 31, 2014.
For 2014, Adjusted EBITDA was $11.3 million and Retail Gross Margin was $76.9 million on revenue of $322.9 million, compared to Adjusted EBITDA of $33.5 million and Retail Gross Margin of $81.7 million for 2013. We invested $26.2 million in organic customer acquisition costs in 2014 compared to $8.3 million in 2013.
"2014 was a transitional year for Spark Energy," said Nathan Kroeker, Spark Energy, Inc.'s President and Chief Executive Officer. "We became a public company in the... More

