TerraForm Power (TERP) Reports Q3 Loss of 15c/Share, Increases CAFD Guidance

TerraForm Power (NASDAQ: TERP) reported Q3 EPS of ($0.15), may not compare to the analyst estimate of $0.07. Revenue for the quarter came in at $56 million versus the consensus estimate of $52.55 million.

CAFD Outlook

As a result of its success in pursuing its growth strategy, TerraForm Power is increasing its 2015 CAFD guidance to $156 million. TerraForm reiterates its intention to pay a dividend based on a payout ratio of 85% of projected annual Cash Available for Distribution. TerraForm intends to revisit its dividend guidance after the closing of the Capital Dynamics acquisition, which is expected to occur in the fourth quarter.

For earnings history and earnings-related data on TerraForm Power (TERP) click here.

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