Fourth quarter highlighted by successful organic and acquisition growth strategy

2017 Highlights

  • Net additions of 428,000 customers in 2017 with Crius Energy's customer count totaling 1,410,000 customers at the end of the year
  • 2017 Adjusted EBITDA and Distributable Cash were $64.8 million and $45.0 million respectively, resulting in a payout ratio of 64% in 2017
  • Completed the acquisition of U.S. Gas & Electric, and Management estimates after-tax synergies to Distributable Cash of $41 million to $47 million over a three-year period

"Fiscal year 2017 was a strong year for Crius Energy, highlighted by the solid performance of our deregulated energy business and the USG&E Acquisition. The expected $10 million to $12 million in annual run-rate after tax cash synergies from the USG&E Acquisition enhances the Company's cash flow and supports our strategy to invest in growth initiatives in 2018 and beyond."

Michael Fallquist,
CEO of Crius Energy Trust