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Trinity River reports EBITD of $81,390 for August on lower revenue
New York, Sept. 29 – Trinity River Resources, LP reported earnings before interest, taxation and depreciation of $81,290 for August, down from $667,764 in July, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.
The net loss more than doubled to $908,711 from $437,236 for July.
Revenue fell to $1.35 million from $1.70 million.
Cash at Aug. 31 was $5.38 million, up from $5.12 million on July 31.
Trinity River is an Austin, Texas-based oil and gas company that filed bankruptcy on April 21, 2016. The Chapter 11 case number is 16-10472.
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