Just Energy Confirms Date of First Quarter Fiscal 2021 Results

Rhea-AI Summary

Just Energy Group confirms it will release its operating results for the first quarter of fiscal 2021 before market open on August 24, 2020. A conference call with CEO Scott Gahn and CFO Jim Brown will take place on the same day at 11:00 a.m. ET to discuss the results. Participants can call 1-877-501-3160 in the U.S. and Canada or 1-786-815-8442 internationally. A replay will be available post-event. The company highlights its focus on providing renewable energy options and efficient solutions across North America.

Positive

• Announcement of first quarter operating results set for August 24, 2020, indicating continued engagement with investors.
• Focus on renewable energy and energy-efficient solutions positions the company favorably in the evolving energy market.

Negative

• Risks associated with the COVID-19 pandemic could impact business operations and sales.
• Dependence on suppliers raises concerns about potential operational disruptions.
• Proposed recapitalization transaction may face uncertainties, affecting financial stability.

TORONTO, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Just Energy Group Inc. (“Just Energy” or the “Company”) a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers, today confirmed that the Company will release operating results for the first quarter of fiscal 2021 prior to market open on August 24, 2020. 

The Company will host a conference call and live webcast with Scott Gahn, Just Energy’s Chief Executive Officer, and Jim Brown, Chief Financial Officer, to review the fiscal first quarter results beginning at 11:00 a.m. Eastern Time on August 24, 2020.

Those who wish to participate in the conference call may do so by dialing 1-877-501-3160 in the U.S. and Canada. International callers may join the call by dialing 1-786-815-8442. The Conference ID number is 2366523. The call will also be webcast live over the internet at the following link: 

https://edge.media-server.com/mmc/p/h9ee26hp

A webcasted replay of the call will also be archived on the JE investor relations website a few hours after the event.

ABOUT JUST ENERGY GROUP INC.

Just Energy is a consumer company focused on essential needs, including electricity and natural gas, health and well-being, such as water quality and filtration devices; and utility conservation, bringing energy efficient solutions and renewable energy options to consumers. Currently operating in the United States and Canada, Just Energy serves residential and commercial customers. Just Energy is the parent company of Amigo Energy, EdgePower Inc., Filter Group Inc., Hudson Energy, Interactive Energy Group, Tara Energy, and terrapass. Visit https://investors.justenergy.com/ to learn more. Also, find us on Facebook and follow us on Twitter.

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements including, but not limited to, statements and information regarding the timing for filing the First Quarter Fiscal 2021 Filings. These statements are based on current expectations that involve a number of risks and uncertainties which could cause actual results to differ from those anticipated, and the Company undertakes no obligation to update or revise any forward-looking statement. These risks include, but are not limited to: the impact of the evolving COVID-19 pandemic on the Company’s business, operations and sales including risks associated with reliance on suppliers; uncertainties relating to the ultimate spread, severity and duration of COVID-19 and related adverse effects on the economies and financial markets of countries in which the Company operates; the ability of the Company to successfully implement its business continuity plans with respect to the COVID-19 pandemic; the ability of the Company to extend its credit facility; the ability of the Company to reduce selling, marketing and general and administrative expenses and the quantum of such reductions and the impact thereof on the Company’s current fiscal year;  the Company’s ability to identify further opportunities to improve its cost structure; general economic and market conditions; the ability of the Company to implement the recapitalization transaction pursuant to a plan of arrangement announced by the Company on July 8, 2020, including issuing new equity announced on July 8, 2020; the allocation of any new equity; addressing certain obligations as part of the proposed recapitalization transaction; risks associated with the proposed recapitalization transaction, including the inability to complete the proposed recapitalization transaction at all or otherwise complete the proposed recapitalization transaction in a timely or efficient manner; the inability to reduce the Company’s debt and/or interest payments; proceedings under the Canada Business Corporations Act;  levels of customer natural gas and electricity consumption; rates of customer additions and renewals; rates of customer attrition; fluctuations in natural gas and electricity prices; changes in regulatory regimes; results of litigation and decisions by regulatory authorities; competition; and dependence on certain suppliers. Additional information on these and other factors that could affect Just Energy’s operations, financial results or dividend levels are included in Just Energy’s annual information form and other reports on file with Canadian securities regulatory authorities which can be accessed through the SEDAR website at www.sedar.com on the U.S. Securities and Exchange Commission’s website at www.sec.gov or through Just Energy’s website at www.justenergygroup.com

Neither the Toronto Stock Exchange nor the New York Stock Exchange has approved nor disapproved of the information contained herein.

FOR FURTHER INFORMATION PLEASE CONTACT:
                       
Jim Brown
Chief Financial Officer
Just Energy
Phone: 713-544-8191
jbrown@justenergy.com

or

Investors
Michael Cummings
Alpha IR
Phone: 617-982-0475
michael.cummings@alpha-ir.com 

Media
Boyd Erman
Longview Communications
Phone: 416-523-5885
berman@longviewcomms.ca 

Source: Just Energy Group Inc.

FAQ

When will Just Energy release its first quarter fiscal 2021 results?

Just Energy will release its first quarter fiscal 2021 results on August 24, 2020.

What time is the conference call for Just Energy's quarterly results?

The conference call will begin at 11:00 a.m. Eastern Time on August 24, 2020.

How can I participate in Just Energy's conference call?

Participants can dial 1-877-501-3160 in the U.S. and Canada or 1-786-815-8442 internationally to join the call.

What are the main risks mentioned in Just Energy's press release?

The main risks include the impact of COVID-19 on operations, reliance on suppliers, and uncertainties surrounding a proposed recapitalization transaction.