Calpine Corporation (CPN) Tops Q3 EPS by 4c

Calpine Reports Third Quarter Results, Narrows 2016 Guidance and Provides 2017 Guidance; More Than 65% of Market Cap Available for Deployment Over Next Three Years

October 28, 2016 6:01 AM EDT

HOUSTON--(BUSINESS WIRE)--

Calpine Corporation (NYSE: CPN):

Summary of Third Quarter 2016 Financial Results (in millions):

  Three Months Ended September 30,     Nine Months Ended September 30, 2016   2015   % Change 2016   2015   % Change   Operating Revenues $ 2,355 $ 1,948 20.9

 %

$ 5,134 $ 5,036 1.9

 %

Income from operations $ 462 $ 466 (0.9 )% $ 605 $ 833 (27.4 )% Net Income1 $ 295 $ 273 8.1

 %

$ 68 $ 282 (75.9 )%... More