NRG Yield (NYLD) Tops Q4 EPS by 24c

NRG Yield (NYSE: NYLD) reported Q4 EPS of $0.58, $0.24 better than the analyst estimate of $0.34.

• Strong cash from operations and Cash Available for Distribution (CAFD) with an increase in the annualized dividend by 16.3%
• Announced 4% quarterly dividend increase to $0.26 per share in the first quarter 2017; continue to target annualized dividend per share growth of 15% through 2018
• Enhanced financial flexibility during 2016 with over $200 million in available cash for growth at year end
• Executed agreements with NRG Energy, Inc. (NYSE: NRG) to acquire 311 net MWs of utility-scale solar
• Expanded the Right of First Offer (ROFO) pipeline with NRG; 234 net MWs of utility-scale solar assets
• Recorded a $183 million non-cash asset impairment charge on three projects in the Tax Equity Wind Portfolio interest acquired from NRG in 2015; Financial performance of the portfolio remains within expectations

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

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