Metro Fuel Oil reports negative $126 of EBITDA for June on zero sales

By Caroline Salls

Pittsburgh, July 21 – Metro Fuel Oil Corp. posted negative $126 of EBITDA for June on zero net petroleum sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Eastern District of New York.

In comparison, Metro Fuel reported negative $5,217 in EBITDA for May, also on zero net petroleum sales.

The net loss for June was $102,857, narrowing from a $215,965 May net loss.

The company also reported $7,569,168 in cash and money market funds as of June 30, down slightly from $7,569,217 at the end of May.

Metro Fuel is a Brooklyn, N.Y.-based energy company that supplies bioheat, biodiesel, heating oil, central air conditioning units, ultra low sulfur diesel fuel, natural gas and gasoline throughout the New York City metropolitan area and Long Island. The company filed for bankruptcy on Sept. 27, 2012 under Chapter 11 case number 12-46913.

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