This Data Dispatch will be updated throughout 2018 to tally capital offerings in the U.S. energy industry. Click here for a spreadsheet listing all energy capital offerings since Nov. 4, 2009.
The U.S. energy industry aggregate year-to-date capital raised reached $17.91 billion as of Jan. 26, according to S&P Global Market Intelligence data. The total comprises $11.77 billion of senior debt, $3.74 billion of preferred equity and $2.40 billion of common equity in 2018.
By sector, power companies have raised $13.32 billion, midstream companies have raised $4.54 billion and gas companies have raised $50 million. Of the total common equity raises in 2018, energy companies raised $1.55 billion from two follow-on offerings and $850 million from one private placement transaction.
* Spark Energy Inc. on Jan. 23 sold $50.5 million worth of 2 million shares of its 8.75% series A preferred stock at $25.25 apiece to help fund potential M&A and international growth opportunities, and for general corporate purposes. B. Riley FBR Inc., Janney Montgomery Scott LLC, BB&T Securities LLC division BB&T Capital Markets and Ladenburg Thalmann & Co. Inc. acted as joint book-running managers.
* FirstEnergy Corp. on Jan. 22 sold $1.62 billion of 1,616,000 series A convertible preferred stock at $1,000 per share and $850 million of 30,120,482 common stock at $28.22 apiece. The company will use the proceeds to reduce its holding company debt, make contribution to its pension fund and for general corporate purposes.
* Southcross Energy Partners LP on Jan. 22 sold $15 million of 12.5% senior unsecured notes due Nov. 5, 2019.

