Dynegy (NYSE: DYN) reported Q4 EPS of ($1.39), which may not compare to the analyst estimate of $0.14. Revenue for the quarter came in at $1.11 billion versus the consensus estimate of $963.27 million.

The Company reported a fourth quarter 2016 net loss of $180 million, compared to a net loss of $134 million for 2015. The quarter-over-quarter change was primarily driven by Genco reorganization items, primarily due to the write-off of the remaining unamortized discount related to the Genco bonds.

The Company reported fourth quarter 2016 consolidated Adjusted EBITDA of $219 million, compared to $222 million for the fourth quarter 2015 as improved energy margins, net of hedges, and lower O&M costs at the PJM and MISO segments were offset by lower energy and capacity revenues in the NY/NE and PJM segments.

“The ENGIE acquisition solidified the transformation of our wholesale generation business we began in 2013. We have built the most efficient and lowest-cost platform in the industry while migrating our portfolio to a gas-dominated fleet in the ERCOT, NE-ISO and PJM markets. Our portfolio today has the longevity required for success,” said Dynegy President and Chief Executive Officer Robert C. Flexon.

“Looking ahead to 2017, our efforts are aimed at optimizing our portfolio in conjunction with improving our balance sheet and capital structure and today’s announcement with LS Power is a step in that direction,” Flexon continued. “In keeping with our integration track record, we now expect to deliver $120 million in synergies related to the ENGIE acquisition, a step up from our initial $90 million estimate.”

For earnings history and earnings-related data on Dynegy (DYN) click here.