Summer Energy Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 20, 2020 at 04:12 pm EDT
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Summer Energy Holdings, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was USD 38.866 million compared to USD 34.825 million a year ago. Operating loss was USD 256,399 compared to operating Income of USD 532,288 a year ago. Net loss was USD 999,714 compared to net income of USD 112,254 a year ago. Basic loss per share from continuing operations was USD 0.03.
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.
SUMMER ENERGY HOLDINGS, INC. 
