NRG Yield (NYLD) Misses Q4 EPS by 18c; Updates FY15 Outlook

NRG Yield (NYSE: NYLD) reported Q4 EPS of ($0.15), $0.18 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $180 million versus the consensus estimate of $168.4 million.

Updating Guidance

• Adjusting 2015 Adjusted EBITDA guidance from $705 million to $690 million reflecting the impact of lower than expected wind production at Alta partially offset by the impact of acquisitions
• Maintaining CAFD Guidance of $195 million due to the impact of higher distributions from Avenal solar generation facility

Approval of New Class C Common Stock

• On May 5, 2015, NRG Yield shareholders approved the creation of a new Class C common stock, enabling NRG Yield's ability to grow by giving it the flexibility to raise capital without the need for equity investment by NRG Energy, Inc (NYSE: NRG) Expanded ROFO agreement between NRG and NRG Yield

For earnings history and earnings-related data on NRG Yield (NYLD) click here.

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