Strike reports $16.01 million loss from operations for February

By Sarah Lizee

Olympia, Wash., April 8 – Strike, LLC reported a $16.01 million loss from operations for February on $2.81 million of contract revenues earned, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.

In comparison, the company reported a $15.5 million loss from operations for January on $20.13 million of contract revenues earned.

The net loss for the February period was $87.5 million, compared to a net loss of $16.45 million for January.

The company listed $4.14 million of cash and cash equivalents as of Feb. 28, down from $8.96 million at the end of January.

Strike is based in The Woodlands, Tex., and is a full-service pipeline, facilities and energy infrastructure solutions provider. The company filed Chapter 11 bankruptcy on Dec. 6 under case number 21-90054.

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