Dynegy (DYN) Reports Q3 Loss of $0.29; Guides FY09 and FY10

November 5, 2009 7:57 AM EST

Dynegy Inc. (NYSE: DYN) reports Q3 loss of $0.29, which includes items and does not compare to the the analyst estimate of $0.03 profit.

Adjusted EBITDA, Adjusted Cash Flow from Operations and Adjusted Free Cash Flow ranges for 2009 have been raised and tightened from the previous ranges presented on August 10, 2009.

The new estimates are:
* A range of Adjusted EBITDA of $730 million to $760 million;
* A range of Adjusted Cash Flow from Operations of $75 million to $105 million; and
* A range of Adjusted Free Cash Flow of $(425) million to $(395) million.

On August 10, 2009, the company provided an Adjusted EBITDA range of $425 million to $550 million for 2010. In today’s news release, the company is reaffirming that range and providing additional 2010 guidance estimate ranges relating to Adjusted Cash Flow from Operations and Adjusted Free Cash Flow.

* A range of Adjusted EBITDA of $425 million to $550 million;
* A range of Adjusted Cash Flow from Operations of $(15) million to $110 million; and
* A range of Adjusted Free Cash Flow of $(360) million to $(235) million. This primarily reflects the ignificant investment in environmental capital expense to reduce emissions.

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Earnings
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