trending Market Intelligence /marketintelligence/en/news-insights/trending/mLD5GJvmRYhnFJ3--YqaGg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

TerraForm Power Q2 adjusted EBITDA rises YOY but misses estimates

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

COVID-19 Impact & Recovery: Energy Outlook for H2 2021

Blog

Corporate renewables market flourished in 2020 despite pandemic

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective


TerraForm Power Q2 adjusted EBITDA rises YOY but misses estimates

TerraForm Power Inc. on Aug. 8 reported second-quarter 2019 adjusted EBITDA of $196 million, up from $128 million in the comparable quarter of 2018.

The S&P Global Market Intelligence consensus EBITDA estimate for the quarter was $202.7 million.

Cash available for distribution totaled $47 million, or 22 cents per share, compared with $30 million, or 19 cents per share, a year ago.

The company narrowed second-quarter net losses to $17 million, or 2 cents per share, in 2019, from $28 million, or 13 cents per share, a year earlier.

Second-quarter generation rose to 2,450 GWh from 2,036 GWh a year ago.

TerraForm Power will pay a quarterly dividend of 20.14 cents per class A common share on Sept. 17 to stockholders of record Sept. 3.

Additionally, the company's board authorized the renewal, for a period of approximately one year, of a program to repurchase up to 5% of the company's class A common stock outstanding as of July 25.

TerraForm Power is sponsored by Brookfield Asset Management Inc.