Calpine Corporation (CPN) Posts Q2 Loss; Confirms Discussions on Potential Sale

Calpine Reports Second Quarter 2017 Results and Reaffirms 2017 Guidance

July 28, 2017 6:07 AM EDT

Announces that Company is in Discussions Regarding Potential Sale

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

Summary of Second Quarter 2017 Financial Results (in millions):

    Three Months Ended June 30,     Six Months Ended June 30, 2017     2016     % Change 2017     2016     % Change   Operating Revenues $ 2,084 $ 1,164 79.0 % $ 4,365 $ 2,779 57.1 % Income from operations $ 13 $ 140 (90.7 )% $ 85 $ 143 (40.6 )% Cash provided by operating activities $ 152 $ 94 61.7 % $ 246 $ 125 96.8 % Net Loss1 $ (216 ) $ (29 )... More