Dynegy Q2 Loss Narrows - Quick Facts

(RTTNews) - Dynegy Inc.(DYN) Thursday reported a narrower loss for the second quarter to $145 million or $1.45 per share, compared with loss of $287 million or $2.87 per share during the same quarter last year.

For the three-month period, the company reported $8 million in Enterprise-wide Adjusted EBITDA compared with $11 million in the second quarter last year.

Revenues decreased to $301 in the three-month period ended June 30, from prior year's $619 million.

The company lowered its Enterprise-wide Adjusted EBITDA guidance range $50 million to $200-$225 million as an increase in the Gas segment. Adjusted EBITDA guidance range was more than offset by a decrease in the Coal segment Adjusted EBITDA guidance range, the company said.

The company also said it completed $1.3 billion refinancing and placed a $475 million revolving credit facility, which together released $335 million in restricted cash and lowered annual interest payments by about $100 million annually as compared to last year.