Metro Fuel sees negative $3,276 in EBITDA for September, no net sales

By Caroline Salls

Pittsburgh, Oct. 20 – Metro Fuel Oil Corp. posted negative $3,276 of EBITDA for September 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 $16,444 of EBITDA for August, also on zero net petroleum sales.

The net loss for September was $143,200, growing from a $111,642 August net loss.

The company also reported $7,557,173 in cash and money market funds as of Sept. 30, down from $7,560,449 at the end of August.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.