Panda Temple Power posts $2.73 million of EBITDA for July; revenue up

By Caroline Salls

Pittsburgh, Aug. 30 – Panda Temple Power, LLC reported $2.73 million of EBITDA for July on $9.08 million of total revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Panda Temple posted negative $2.27 million of EBITDA for June on $3.28 million of total revenue.

Net earnings for July were $3.32 million, improving from an $8.29 million June net loss.

The company had $12.48 million of cash and cash equivalents as of July 31, down from $15.53 million at the end of June.

Panda is a Temple, Texas-based power company. The company filed bankruptcy on April 17 under Chapter 11 case number 17-10839.

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