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EdgeMarc Energy Holdings net loss shrinks to $4.63 million in October
By Caroline Salls
Pittsburgh, Dec. 30 – EdgeMarc Energy Holdings, LLC reported a $4.63 million net loss for October on negative $38,418 in revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, EdgeMarc posted a $168.67 million net loss for September on negative $2.7 million in revenue.
The September net loss included $164.6 million in reorganization expenses.
The company had $7.77 million in cash and cash equivalents as of Oct. 31, down from $12.14 million at the end of September.
EdgeMarc is a Canonsburg, Pa.-based natural gas exploration and production company that filed bankruptcy on May 15, 2019. The Chapter 11 case number is 19-11104.
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