Spark Energy, Inc.: insider trades · United States · SEC (Form 4)

About Spark Energy, Inc.

Spark Energy, Inc. (ticker: SPKE) is a U.S.-listed company traded on the American market (NYSE/NASDAQ context), and it is based in the United States. The company is an independent retail energy services provider: it sells electricity and natural gas to residential and commercial customers in competitive deregulated markets, offering an alternative to the incumbent utility. SEC filings describe Spark Energy as a company founded in 1999, organized as a Delaware corporation, with headquarters in Houston, Texas. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1606268/000160626824000032/spke-20240930.htm?utm_source=openai)) From a business-model perspective, Spark Energy is not an upstream producer or a regulated utility. Instead, it operates as a retail supplier focused on customer acquisition, retention, and portfolio management. The company distributes its offerings through multiple brands, including Electricity Maine, Electricity N.H., Major Energy, Provider Power Massachusetts, Spark Energy, Verde Energy, and Texans Choice Power. This multi-brand setup helps the group address different customer segments and local market conditions while keeping the commercial proposition centered on pricing, service, and contract simplicity. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001606268/000160626826000024/spke-20260331.htm?utm_source=openai)) Spark Energy’s history is closely tied to the early wave of electricity and natural gas deregulation in the United States. The company’s materials indicate that its roots go back to the late 1990s, and its growth strategy has combined organic customer additions with opportunistic acquisitions of customer portfolios and local retail brands. That model is typical of the retail energy sector, where scale, acquisition discipline, churn management, and wholesale supply execution are all critical to earnings quality. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1606268/000160626816000223/spkeinvestorpresentation.htm?utm_source=openai)) In competitive terms, Spark Energy operates in a fragmented industry that includes both large national competitors and smaller regional suppliers. Its competitive edge is less about asset intensity and more about distribution reach, pricing execution, brand management, and the ability to add customers efficiently. The company also reports a broad geographic footprint across the United States through its retail brands, which gives it diversification across utility territories and end-market conditions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1606268/000160626821000079/a2021-q2xprfinal.htm?utm_source=openai)) Recent developments have included continued customer-growth activity and regulatory scrutiny. In 2025, Spark disclosed that the Illinois Attorney General initiated a lawsuit against certain Spark Energy entities, a reminder that retail energy providers face legal and compliance risk alongside commercial execution risk. Recent SEC filings also show the company continuing to pursue customer-growth strategies and to update its operating footprint quarter by quarter. For investors, SPKE is best viewed as a small-cap U.S. retail energy name whose performance is tied to wholesale power and gas costs, customer retention, regulatory outcomes, and the economics of portfolio expansion. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1606268/000160626825000033/spke-20250930.htm?utm_source=openai))