Dynegy Q1 Loss Narrows - Quick Facts
(RTTNews.com) - Dynegy Inc. ( DYN ) reported that its first-quarter loss attributable to company narrowed to $41 million or $0.41 per share, from a loss of $142 million or $1.42 per share, last year.
Consolidated adjusted EBITDA was $152 million, compared to $43 million for the first quarter 2013. The company said the growth in adjusted EBITDA was primarily due to improved spark spreads in the Gas segment, improved energy prices for the Coal segment and the addition of the IPH segment.
On average, three analysts polled by Thomson Reuters expected the company to report a loss per share of $0.15 for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $762 million from $318 million. Analysts expected revenue of $569.71 million for the quarter.
Dynegy's 2014 consolidated adjusted EBITDA guidance range is $300 million to $350 million, and its consolidated 2014 free cash flow guidance range is $10 million to $60 million.
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