Panda Temple Power posts negative $875,321 of EBITDA for month of May

By Caroline Salls

Pittsburgh, July 3 – Panda Temple Power, LLC reported negative $875,321 in EBITDA for May on $3.21 million in total revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

The net loss for the month was $4.38 million.

The company had $17.94 million in cash and cash equivalents as of May 31.

Panda is a Temple, Texas-based power company. The company filed bankruptcy on April 17 under Chapter 11 case number 17-10839.

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