Financials

First quarter 2019 highlighted by strong performance from the deregulated energy business with $26.2 million in normalized Adjusted EBITDA

Highlights

  • Deregulated energy business delivers $26.2 million in normalized Adjusted EBITDA, representing $3 million growth over Q1 2018
  • Embedded margin grew by $5.8 million to $515.8 million by the end of the quarter
  • Awaiting approval from the Federal Energy Regulatory Commission ("FERC") in order to consummate the Vistra Transaction.

"We are pleased with the performance of the business in the first quarter of 2019, with continued growth in the overall value of the portfolio, and $26.2 million of normalized Adjusted EBITDA delivered by the deregulated energy business during the quarter. We worked diligently throughout the first quarter on completing the transaction with Vistra Energy, and having received overwhelming Unitholder approval for the transaction, are in a position to close the transaction shortly following the receipt of approval from FERC."

Michael Fallquist,
CEO of Crius Energy Trust