For Immediate Release
AMERICAN ENERGY PARTNERS, INC. RELEASES RECORD QUARTERLY & ANNUAL REVENUE
ALLENTOWN, Pennsylvania – (March 25, 2020) – American Energy Partners, Inc. (“American Energy”) (PINK: AEPT), a diversified energy company, today reported financial results for its fourth quarter and fiscal year 2019 ended December 31, 2019.
Key highlights:
Top line revenue grew by well over 230%
Organic growth revitalized and above September guidance at +60%.
Total assets grew by 68%.
American Energy management cut its net operating loss by over 50%.
American Energy’s ending cash balance increased by over 130%.
"American Energy achieved record revenue and delivered outstanding overall performance in fiscal 2019," said Brad Domitrovitsch, Chairman and CEO, American Energy. "In 2019 we made significant investments across our product portfolio, entered new markets, and made strategic acquisitions which we believe will fuel continued top and bottom-line performance.”
To redirect to the financials and related disclosure statements follow the link below to American Energy’s investor relations page: Annual Report for the Period Ending December 31, 2019
American Energy Partners, Inc. (AEPT)
AEPT and its group of companies focus on providing solutions in markets where energy production and water meet technology. Collectively, the subsidiaries are engaged in the energy sector as well as the design, construction and operation of regional water treatment facilities that serve the industrial, energy and government sectors.
For additional information, visit: American Energy Partners, Inc.
Safe Harbor
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of AEPT, statements relating to goals, plans and projections regarding AEPT’s financial position and business strategy. The words or phrases “would be,” “will allow,” “intends to,” “may result,” “are expected to,” “will continue,” “anticipates,” “expects,” “estimate,” “project,” “indicate,” “could,” “potentially,” “should,” “believe,” “think”, “considers” or similar expressions are intended to identify “forward-looking statements.” These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a
