Dynegy's (DYN) Q2 Loss Wider Than Expected, Revenues Beat
Zacks Investment Research | Aug 06, 2017 09:45PM ET
Dynegy Inc. (NYSE:DYN) reported second-quarter 2017 loss of 83 cents per share wider than the Zacks Consensus Estimate loss of 22 cents.
Revenue
Dynegy's revenues came in at $1,164 million in the second quarter, beating the Zacks Consensus Estimate of $972 million by 19.7%. Revenues also increased 28.8% year over year from $904 million.
Highlights of the Release
Operating and maintenance expenses for the quarter were recorded at $282 million, up 10.2% from $256 million for the corresponding quarter in the previous year.
Interest expenses in the reported quarter increased 12.8% year over year to $159 million from $141 million.
During the quarter the company generated in excess of 25 million megawatt hours of electricity.
As of Jun 30, the company had $1.4 billion in liquidity. Dynegy received nearly $480 million from the sale of Troy and Armstrong facilities received in July.
Dynegy Inc. Price, Consensus and EPS Surprise
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