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Just Energy Group Inc.

justenergy.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2023 10-Q, filed Nov 29, 2022. Its latest SEC filing is a 15-12G from Dec 19, 2022.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Sells electricity and natural gas, energy-efficiency solutions, and renewable energy options to retail and commercial customers in the United States and Canada.

How Did They Make Money?

Customers are billed each month for the electricity and natural gas delivered under their contracts.

FY2022 revenue

Who Were Their Customers?

The company serves retail and commercial customers. Retail sales use digital and retail channels, while commercial sales go through brokers, in-person independent contractors, and inside sales representatives.

Did Revenues Turn Into Profits?

Yes. It kept 31 cents of every revenue dollar as net income in FY2022, but spent more cash than it brought in: free cash flow was −$36M.

Operating income, FY2022
2% of revenue
▲ Now profitable vs FY2021 (−$1.7B, −83%)
Net income, FY2022
31% of revenue
▲ Now profitable vs FY2021 (−$340.7M, −16%)
Free cash flow, FY2022
−2% of revenue
▼ Now a loss vs FY2021 ($12M, 1%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q2 FY2023, the three months to Sep 30, 2022
Revenue
▲ +22%
vs $559.4M in Q2 FY2022
Net income
▼ Now a loss
vs $265.1M in Q2 FY2022

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