Financials

Strong operating performance highlighted by growth in Adjusted EBITDA and achievement of one million customer milestone

Q1 2017 Highlights

  • Achieved net customer growth of 21,000 customers in the first quarter, representing 2% quarter-over-quarter growth, with total customers reaching 1,003,000
  • Adjusted EBITDA and Distributable Cash were $14.5 million and $7.7 million respectively, resulting in a payout ratio of 62.0% for the last twelve months
  • Announced a 2% distribution increase during the quarter reflecting the confidence that both Management and the Board have in the long-term outlook for the Company
  • Expanded relationship with Comcast announced during the quarter to offer Energy RewardsTM Integrated Energy Platform to third-party service providers

“Our first quarter results highlight the fundamental strength and diversity of our deregulated energy business. We are encouraged with the initial results from our expanded solar business, and remain focused on realizing synergies that exist between the deregulated energy and solar industries. The Company's future growth prospects remain robust in 2017 and beyond, and are expected to contribute to continued growth in value for our unitholders."

Michael Fallquist,
CEO of Crius Energy Trust