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Crius Energy Trust Tr Unit CRIUF

Utilities Utilities - Diversified
"Crius Energy Trust through its subsidiaries is engaged in the sale of electricity and natural gas to residential and commercial customers under variable price and fixed-price contracts. The company, through its subsidiaries, also markets solar products to its existing customers as well as to new prospects. It provides retail electricity to its customers in the Connecticut, Delaware, District of Columbia, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsy


GREY:CRIUF - Post by User

Crius Energy Trust Tr Unit > Fourth Quarter and Year End 2018 Results
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Comment by borne2runon Mar 14, 2019 7:06pm
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Post# 29488376

RE:Fourth Quarter and Year End 2018 Results

RE:Fourth Quarter and Year End 2018 ResultsGood thing Vistra Energy bought out Crius, tomorrow would have been ugly.

Q4 Payout Ratio > 100%.
Net customer attrition of 148,000
Gross customer drops in the fourth quarter of 231,000 customers compared to the average in the prior four quarters of 169,000.
Gross customer drops were elevated during the quarter primarily due to the non-renewal of 120,000 municipal aggregation customers as a result of the decision to no longer participate in the segment.

"no longer participate" = losing money

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