Calpine Corporation (CPN) Posts Q2 Loss; Confirms Discussions on Potential Sale

Calpine Corporation (NYSE: CPN) reported Q2 EPS of ($0.61), which may not compare to the analyst estimate of $0.02. Revenue for the quarter came in at $2.08 billion versus the consensus estimate of $1.25 billion.

Reaffirms guidance.

Board of Directors and management confirmed it is in discussions regarding a potential sale of Calpine. The Board plans to proceed in a timely manner but has not set a definitive timetable for completion of these discussions. There can be no assurance that these discussions will result in a transaction of any kind, or if a transaction is undertaken, as to terms or timing. Calpine does not intend to disclose developments or provide updates on the status of these discussions unless or until it is determined that further disclosure is appropriate or required by law. Notwithstanding these discussions, the Calpine team remains committed to operational excellence, customer focus and financial discipline.

For earnings history and earnings-related data on Calpine Corporation (CPN) click here.

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