InfraREIT (HIFR) Misses Q2 EPS by 13c, Beats on Revenues

InfraREIT (NYSE: HIFR) reported Q2 EPS of $0.20, $0.13 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $40.4 million versus the consensus estimate of $34.07 million.

InfraREIT reported the following second quarter 2017 financial highlights:

• Net income was $10.1 million
• Net income attributable to InfraREIT, Inc. common stockholders per share was $0.17 per share
• Non-GAAP metrics no longer include an adjustment for percentage rent
• Non-GAAP earnings per share ("Non-GAAP EPS") was $0.20 per share
• Cash available for distribution ("CAD") was $13.6 million
• Adjusted earnings before interest, taxes, depreciation and amortization (\"Adjusted EBITDA") was $35.8 million
• Quarterly dividend declared of $0.25 per share of common stock, $1.00 per share annualized
• InfraREIT's subsidiary, Sharyland Distribution & Transmission Services, L.L.C. ("SDTS"), closed a $200 million senior secured term loan

Guidance:

• Transmission capital expenditures range of $185 million to $315 million for the period of 2017 through 2019
• Expect to maintain the Company\'s current quarterly cash dividend of $0.25 per share, or $1.00 per share annualized, through 2017

For earnings history and earnings-related data on InfraREIT (HIFR) click here.

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