Pattern Energy (PEGI) Tops Q3 EPS by 1c

Pattern Energy (NASDAQ: PEGI) reported Q3 EPS of ($0.05), $0.01 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $91.9 million versus the consensus estimate of $98.36 million.

2016 Financial Guidance

Pattern Energy is narrowing its targeted annual cash available for distribution for 2016 to a range of $130 million to $140 million, representing an increase of 46% at the midpoint of the range, compared to cash available for distribution in 2015. As noted above, forward-looking cash available for distribution is a non-GAAP measure that cannot be reconciled to net cash provided by operating activities as the most directly comparable GAAP financial measure without unreasonable effort.

For earnings history and earnings-related data on Pattern Energy (PEGI) click here.

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