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Published on 11/28/2022 in the Prospect News Distressed Debt Daily.

Volunteer Energy Services posts $3.52 million net profit for October

By Sarah Lizee

Olympia, Wash., Nov. 28 – Volunteer Energy Services Inc. reported a $3.52 million net profit for October on $986,425 of gross income or sales, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of Ohio.

In comparison, the company reported a $72,231 net profit for September on $1.87 million of gross income or sales.

The cash balance at the end of the October was $6.34 million, down from $7.27 million at the end of September.

The Pickerington, Ohio-based retail energy provider filed Chapter 11 bankruptcy on March 25, 2022 under case number 22-50804.


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