Metro Fuel Oil records negative $497,673 of EBITDA for October period

By Caroline Salls

Pittsburgh, Nov. 21 - Metro Fuel Oil Corp. reported negative $497,673 of EBITDA for October on $9.72 million of net petroleum sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Eastern District of New York.

The net loss for the month was $772,534.

The company had $5.04 million of cash and money market funds as of Oct. 31.

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 under Chapter 11 case number 12-46913.

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