Pattern Energy Reports Second Quarter 2018 Financial Results

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Go back to Pattern Energy Reports Second Quarter 2018 Financial Results

Pattern Energy (PEGI) Tops Q2 EPS by 10c, Revenues Miss

August 9, 2018 6:08 AM EDT

Pattern Energy (NASDAQ: PEGI) reported Q2 EPS of $0.34, $0.10 better than the analyst estimate of $0.24. Revenue for the quarter came in at $139.9 million versus the consensus estimate of $141.2 million.

Proportional gigawatt hours ("GWh") sold of 2,263 GWh, up 7%Net cash provided by operating activities of $95.7 millionCash available for distribution ("CAFD") of $58.7 million, up 19% and on track to meet full year guidance(1)Net loss of $1.8 millionAdjusted EBITDA of $108.4 million, up 18%Revenue of $139.9 million, up 30%Declared a third... More