trending Market Intelligence /marketintelligence/en/news-insights/trending/hBnYljvqtGYnc6I84a-U3Q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Covanta posts higher earnings in Q3'19

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August


Covanta posts higher earnings in Q3'19

Covanta Holding Corp. on Oct. 24 reported adjusted EBITDA of $125 million in the third quarter, compared to $122 million in the same quarter a year ago.

The company booked net income of $14 million, or 10 cents per diluted share, compared to a net loss of $27 million, or a loss of 21 cents per diluted share, a year ago. The S&P Global Market Intelligence consensus GAAP EPS estimate for Covanta was 8 cents.

Covanta posted operating income of $44 million, up from $2 million in the prior-year quarter, and operating revenue of $465 million, up from $456 million in the third quarter of 2018.

The company reaffirmed its full-year 2019 adjusted EBITDA guidance of $420 million to $445 million.