Metro Fuel Oil marks negative $181 December EBITDA, zero sales

By Lisa Kerner

Charlotte, N.C., Jan. 22 - Metro Fuel Oil Corp. posted negative $181 in EBITDA for December on zero net petroleum sales, according to its monthly operating report filed Jan. 22 with the U.S. Bankruptcy Court for the Eastern District of New York.

In comparison, Metro Fuel reported negative $47,000 in EBITDA for November, also on zero net petroleum sales.

The net loss for December was $144,058, increasing from a $74,210 November net loss.

The company also reported $17,564,016 in cash and money market funds as of Dec. 31, compared to $17,581,056 at the end of November.

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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