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EdgeMarc Energy Holdings reports $72.14 million net loss for February
By Caroline Salls
Pittsburgh, May 12 – EdgeMarc Energy Holdings, LLC reported a $72.14 million net loss for February on $263 in revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, EdgeMarc posted a $1.41 million net loss for January on $253 in revenue.
The February net loss included $69.99 million in reorganization expenses.
In addition, EdgeMarc listed $5.28 million in cash and equivalents as of Feb. 29, up slightly from $5.25 million at the end of January.
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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