Spark Energy closes on acquisition, raises EBITDA guidance

Spark Energy Inc. has closed on the acquisition of 19,000 residential customer equivalents (RCEs) from National Gas & Electric LLC (NG&E) and has exercised an option to acquire an additional 41,000 RCEs from a third party in connection with this acquisition.

In addition, Spark has raised its 2017 adjusted EBITDA guidance to $110 million-$ 120 million, which represents more than a 20-percent increase to the midpoint of Spark’s initial 2017 adjusted EBITDA guidance of $90 million-$100 million.

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