Evercore ISI Upgrades Calpine Corporation (CPN) to Buy
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Calpine Reports Strong Second Quarter Results; Narrows 2015 Guidance Ranges While Reaffirming Midpoints
July 30, 2015 6:00 AM EDTHOUSTON--(BUSINESS WIRE)-- Calpine Corporation (NYSE: CPN):
Summary of Second Quarter 2015 Financial Results (in millions, except per share amounts):
 Three Months Ended June 30,  Six Months Ended June 30, 2015  2014  % Change 2015  2014  % Change  Operating Revenues $ 1,442 $ 1,939 (25.6 )% $ 3,088 $ 3,904 (20.9 )% Commodity Margin $ 657 $ 632 4.0 % $ 1,192 $ 1,277 (6.7 )% Adjusted EBITDA $ 457 $ 413 10.7 % $ 795 $ 859 (7.5 )% Adjusted Free Cash Flow... More