Revenue during the quarter grew 8.57 percent to $171.34 million from $157.81 million in the previous year period. Gross margin for the quarter contracted 149 basis points over the previous year period to 70.65 percent. Operating margin for the quarter period stood at positive 3.66 percent as compared to a negative 0.10 percent for the previous year period.

Operating income for the quarter was $6.28 million, compared with an operating loss of $0.16 million in the previous year period.

"These results reflect the need to complete the second half of our rate relief process so we can recover our infrastructure investment in the region. As we have said for several years, the current rate case is the culmination of a two-part process to recover the nearly $1.8 billion dollars we have invested over the last seven years to meet the energy needs of our growing community. These results also reflect that most of our sales occur during the summer months," said Mary Kipp, chief executive officer. "Finally, we are proud of our partnership with our customers to bring more renewables to our region for the benefit of our communities and the environment. Our new Texas Community Solar Program, which expands our renewable technology portfolio, was fully subscribed within one month of launch."

The company has spent $68.75 million cash to meet investing activities during the quarter as against cash outgo of $69.42 million in the last year period.

Cash flow from financing activities was $39.36 million for the quarter, down 55.60 percent or $49.28 million, when compared with the last year period.

Cash and cash equivalents stood at $5.17 million as on Mar. 31, 2017, down 87.50 percent or $36.15 million from $41.31 million on Mar. 31, 2016.