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Metro Fuel Oil marks negative $43,641 in September EBITDA, zero sales
By Caroline Salls
Pittsburgh, Oct. 21 - Metro Fuel Oil Corp. posted negative $43,641 in EBITDA for September on zero net petroleum sales, according to its monthly operating report filed Oct. 21 with the U.S. Bankruptcy Court for the Eastern District of New York.
In comparison, Metro Fuel reported negative $35,123 in EBITDA for August, also on zero net petroleum sales.
The net loss for September was $32,524, narrowing from a $111,180 August net loss.
The company also reported $17.58 million in cash and money market funds as of Sept. 30, up from $17.55 million 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.
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