Able Energy, Inc. · Rockaway, NJ United States ·(Pink Sheets: ABLE)
Company Description
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This link will open in a new window An able consolidator in the fragmented heating-oil and motor fuels markets, Able Energy provides retail distribution of heating oil and other fuels to more than 30,000 residential and commercial customers in Florida, New Jersey, New York, and Pennsylvania through its Able Oil subsidiary. Able Energy also installs and repairs HVAC equipment and markets gasoline and other refined petroleum products and natural gas. Moving into the travel plaza business (motor fuels and food), in 2007 Able acquired All American Plazas ' truck stops in return for a 75% stake in Able, making AAP Able's largest shareholder. To read the full description, subscribe now.
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Key Able Energy, Inc. Financials
| Company Type | Public - Pink Sheets: ABLE Headquarters |
| Fiscal Year-End | June |
| 2008 Sales (mil.) | $276.4 |
| 2008 Employees | 501 |
Able Energy, Inc. Executives
14 executives listed for Able Energy, Inc.'s Rockaway, NJ location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Gregory Frost | Network |
| President | Richard Mitstifer | Network |
| COO | William Roberts | Network |
Competition
Competitive Landscape for Able Energy, Inc.
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top Able Energy, Inc. Competitors
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