Calpine (CPN) Misses Q2 EPS by 7c

Calpine Reports Second Quarter Results, Narrows 2016 Guidance

July 29, 2016 6:00 AM EDT

HOUSTON--(BUSINESS WIRE)-- Calpine Corporation (NYSE: CPN):

Summary of Second Quarter 2016 Financial Results (in millions, except per share amounts):

  Three Months Ended June 30,   Six Months Ended June 30, 2016   2015   % Change 2016   2015   % Change   Operating Revenues $ 1,164 $ 1,442 (19.3 )% $ 2,779 $ 3,088 (10.0 )% Income from operations $ 140 $ 201 (30.3 )% $ 143 $ 367 (61.0 )% Net Income (Loss)1 $ (29 ) $ 19 $ (227 ) $ 9 Commodity Margin2 $... More