Month: July 2017

HOUSTON, July 24, 2017 (GLOBE NEWSWIRE) — Spark Energy, Inc. (NASDAQ:SPKE), a Delaware corporation (“Spark” or the “Company”), announced today that it plans to present its Second Quarter 2017 financial results in a conference call and webcast on Friday, August 4, 2017 at 10:00 AM Central (11:00 AM Eastern).

A live webcast of the conference call can be accessed from the Events & Presentations page of the Spark Energy Investor Relations website at ir.sparkenergy.com/events.cfm. An archived replay of the webcast will be available for twelve months following the live presentation.

About Spark Energy, Inc.

Spark Energy, Inc. is an established and growing independent retail energy services company founded in 1999 that provides residential and commercial customers in competitive markets across the United States with an alternative choice for their natural gas and electricity. Headquartered in Houston, Texas, Spark currently operates in 19 states and serves 94 utility territories. Spark offers its customers a variety of product and service choices, including stable and predictable energy costs and green product alternatives.

We intend to use our website as a means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. Investors should note that new materials, including press releases, updated investor presentations, and financial and other filings with the Securities and Exchange Commission are posted on the Spark Energy Investor Relations website at ir.sparkenergy.com. Investors are urged to monitor our website regularly for information and updates about the Company.

 

Contact:  Spark Energy, Inc.

Investors:
Robert Lane, 832-200-3727

Media:
Eric Melchor, 281-833-4151


Source: Spark Energy, Inc.

HOUSTON, June 19, 2017 (GLOBE NEWSWIRE) — Spark Energy, Inc. (NASDAQ:SPKE), a Delaware corporation (“Spark” or the “Company) has received regulatory approval under the Hart-Scott-Rodino Act (“HSR”) for its pending acquisition of Verde Energy (“Verde”).  In addition, as of today, shares of the Company’s Common Stock will begin trading on a split-adjusted basis reflecting the Company’s two-for-one stock split. The Company has also begun repurchases of its common stock under the previously announced share buyback program implemented in May.

“We are pleased to have received HSR approval for Verde,” said Nathan Kroeker, Spark’s President and Chief Executive Officer. “We continue to work with the Verde team to facilitate a smooth transition at close, which we still expect to occur early in the third quarter.”

Spark completed the two-for-one stock split through a share dividend to holders of its Class A and Class B Common Stock after the close of the market on Friday, June 16, 2017. Beginning today, Spark’s Common Stock will trade on a split-adjusted basis. The stock split does not change a shareholder’s proportional ownership in the Company.

“We want to thank our customers, employees, and shareholders for being so supportive of Spark over the last three years to get us to where we are today in terms of size and success,” added Mr. Kroeker. “We believe that with our improved capital structure, including our new credit facility and our preferred stock, we are well positioned to continue this growth into the future.”

About Spark Energy, Inc.

Spark Energy, Inc. is an established and growing independent retail energy services company founded in 1999 that provides residential and commercial customers in competitive markets across the United States with an alternative choice for their natural gas and electricity. Headquartered in Houston, Texas, Spark currently operates in 19 states and serves 91 utility territories. Spark offers its customers a variety of product and service choices, including stable and predictable energy costs and green product alternatives.

 

Contact: Spark Energy, Inc.

Investors:

Christian Hettick, 832-200-3727

Media:

Eric Melchor, 281-833-4151


Source: Spark Energy, Inc.

HOUSTON, July 05, 2017 (GLOBE NEWSWIRE) — Spark Energy, Inc. (NASDAQ:SPKE), a Delaware corporation (“Spark” or the “Company”) announced today it has completed its previously announced acquisition of Verde Energy (“Verde”).

“We are very excited for Verde to join the Spark family,” said Nathan Kroeker, Spark’s President and Chief Executive Officer. “Verde adds a number of unique offerings, including a 100% renewable portfolio of customers and a unique sales channel, that we look forward to expanding throughout Spark. We believe this transaction significantly enhances and further diversifies our cash flow profile, and we expect it to be immediately accretive to earnings.”

“On behalf of Verde, its customers and employees, we could not be happier to be a part of the Spark family of companies,” said Thomas FitzGerald, Verde’s Founder and Chief Executive Officer. “We expect to build on our prior successes in the renewable energy space and to pursue a number of exciting opportunities and initiatives within the Spark platform.”

The acquisition of Verde is effective as of July 1, 2017. The Company financed the transaction with a combination of cash on hand and borrowings from its credit facilities. This represents the tenth acquisition by Spark since the Company’s initial public offering in August 2014, and brings Spark to nearly 1,000,000 total RCEs.

About Spark Energy, Inc.

Spark Energy, Inc. is an established and growing independent retail energy services company founded in 1999 that provides residential and commercial customers in competitive markets across the United States with an alternative choice for their natural gas and electricity. Headquartered in Houston, Texas, Spark currently operates in 19 states and serves 94 utility territories. Spark offers its customers a variety of product and service choices, including stable and predictable energy costs and green product alternatives.

Contact: Spark Energy, Inc.
Investors:
Robert Lane, 832-200-3727
Media:
Eric Melchor, 281-833-4151


Source: Spark Energy, Inc.