White Stallion Energy sees $109,000 operating loss for February

By Sarah Lizee

Olympia, Wash., March 21 – White Stallion Energy, LLC reported a $109,000 operating loss on zero total revenue for the February period, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company reported a $117,000 operating loss on $1,000 of total revenue for the January period.

The net loss for February was $525,000, compared to a net income for January of $699,000.

The company recorded $1.63 million of cash as of Feb. 28, compared to $1.49 million at the end of January.

White Stallion Energy is a coal mining company based in Evansville, Ind. The company filed bankruptcy on Dec. 2, 2020 under Chapter 11 case number 20-13037.

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