HOUSTON, Feb. 23, 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 calendar year of 2016. EMEX achieved a 28% increase in revenue as compared to 2015 and a dramatic 178% increase in net income compared to the same period. EMEX has also realized an 87% growth in forward receivables from the end of 2015 through the end of 2016 and a 294% increase in forward receivables since the end of 2013. These results were attributed to a continued increase in market share in EMEX's traditional electricity and natural gas markets and the 2016 acquisition of Texas Energy Aggregation, a highly regarded Texas-based energy brokerage.
Kevin McAlpin, Vice President of Finance and General Counsel of EMEX, commented: "The dedication and diligence of our employees and the successful integration of Texas Energy Aggregation into EMEX's proprietary platform resulted in tremendous growth for our company during the past year. The success we had in 2016 allows us to continually improve our already best-in-class customer service while aggressively pursuing continued growth both organically and through further acquisitions and entries into new market categories."
2016 was also highlighted by EMEX being named the "TEPA ABC (Aggregator/Broker/Consultant) of the Year" by The Energy Professionals Association, an industry organization which promotes a standardized code of conduct among members, educates the community on energy initiatives, and advocates legislative plans in deregulated energy markets.
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