Dynegy Posts Q3 Loss - Quick Facts

(RTTNews) - Dynegy Inc. (DYN) reported a third-quarter net loss attributable to company of $5 million, compared to a net income of $22 million for the third quarter 2013. Loss per share attributable to Dynegy was $0.05, compared to profit of $0.22.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.01 for the quarter. Analysts' estimates typically exclude special items.

The company reported third-quarter adjusted EBITDA of $90 million, compared to $113 million for the third quarter 2013. The company said the $23 million decrease in adjusted EBITDA was primarily due to lower revenues associated with the Moss Landing toll and lower generation volumes, partially offset by the addition of Illinois Power Holdings.

Revenues increased to $615 million from $446 million, a year ago. Analysts expected revenue of $765.65 million for the quarter. "The company remains on track to meet our 2014 financial guidance targets in spite of the mild summer weather and unplanned outages which impacted generation volumes at our Coal and IPH segments," said Dynegy CEO Robert Flexon.

The company narrowed the full-year 2014 adjusted EBITDA guidance range to $330 million-$360 million. The company increased the full-year 2015 adjusted EBITDA guidance range to $1.35 billion-$1.55 billion.