InfraREIT (HIFR) Reports Q1 EPS of $0.31
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May 5, 2016 8:30 AM EDT
DALLAS, May 5, 2016 /PRNewswire/ -- InfraREIT, Inc. (NYSE: HIFR) ("InfraREIT" or the "Company") today reported financial results for the first quarter of 2016 and reaffirmed the Company's financial outlook.
InfraREIT reported the following first quarter 2016 financial highlights:
Net income was $8.8 million
Net income attributable to InfraREIT, Inc. common stockholders was $0.14 per share
Non-GAAP earnings per share (Non-GAAP EPS) was $0.31 per share
Cash available for distribution (CAD) was $19.3 million, or $0.32 per share
Adjusted earnings before interest, taxes,...
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May 4, 2016 4:18 PM EDT
DALLAS, May 4, 2016 /PRNewswire/ --Â InfraREIT, Inc. (NYSE: HIFR) (InfraREIT or the Company) today announced that its shareholder, Hunt Consolidated, Inc. ("Hunt"), filed an amendment to Hunt's Schedule 13D with the U.S. Securities and Exchange Commission disclosing, among other things, the following:
The termination on May 1, 2016 of a merger agreement related to the potential acquisition of Oncor Electric Delivery Company LLC ("Oncor") by an entity in which Hunt owns an interest;
Hunt expects to continue to pursue an acquisition of Oncor, including efforts to reorganize...
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