HOUSTON, May 2, 2017 /PRNewswire/ -- EMEX, LLC, a leading energy risk management firm powered by the latest technology, today announced its energy sales and financial results for the first quarter of 2017. EMEX achieved a 51% increase in revenue as compared to the first quarter of 2016 and a remarkable 1,409% increase in net income as compared to the same period on 2016. EMEX also grew its forward receivables by about 12% during the first quarter of 2017 alone. Kevin McAlpin, Vice President of Finance and General Counsel for EMEX, attributed these positive results to the tremendous efforts of its sales and operations teams and the high level of economies of scale achieved by the successful integration of Texas Energy Aggregation, another highly regarded Texas-based energy brokerage that was acquired by EMEX in 2016.
EMEX's President, Daniel Marzuola, commented: "We are thrilled by the continued growth opportunities afforded by our ongoing increases in sales through the first quarter and we are greatly encouraged by the efficiencies created by our proprietary contract management system that allows us to exponentially increase the value of acquisition targets in a short period of time."
EMEX has grown to become one of the largest energy brokers in North America, with approximately 700,000 residential customer equivalents (RCEs) currently under contract. EMEX plans to continue to pursue strategically advantageous acquisitions in the energy brokerage arena.
EMEX, LLC is a leading energy consulting firm, specializing in delivering unique solutions to help clients nationwide understand and manage their energy risk exposure. Utilizing advanced technology to facilitate energy transactions and provide clients with exceptional market transparency, EMEX is changing the way consumers secure their future energy needs. For additional information, please visit our website at: https://energymarketexchange.com/
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SOURCE EMEX, LLC