Financials

Fourth quarter and year-end 2018 highlighted by strong operating performance and successful strategic initiatives that contributed to a 7.6% increase in Embedded Margin

2018 Highlights

  • Deregulated energy business delivers $88.8 million in normalized Adjusted EBITDA, representing 26% growth over 2017
  • Embedded margin grew 8% to $510 million by the end of the year
  • Achieved $25.1 million in annual run-rate cost savings through the end of the year

"In 2018, Crius executed on a 'return to core' strategy focused on the deregulated energy business. It was a year of strategic shifts and resetting of our focus, and after achieving our cost reduction targets during the year, and substantially exiting the solar business, we are excited to enter 2019 with a simplified, streamlined organization."

Michael Fallquist,
CEO of Crius Energy Trust