Panda Temple Power marks negative $1.73 million of November EBITDA

By Caroline Salls

Pittsburgh, Dec. 14 – Panda Temple Power, LLC reported negative $1.73 million of EBITDA for November on $2.61 million in total revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

Those figures showed a decline from the negative $1.32 million of EBITDA posted for October on $2.82 million in total revenue.

The net loss for November was $6.75 million, compared with a $19.43 million October net loss.

The company had $22.34 million of cash and cash equivalents as of Nov. 30, down from $24.78 million at the end of October.

Panda is a Temple, Texas-based power company. The company filed bankruptcy on April 17, 2017 under Chapter 11 case number 17-10839.

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