Pattern Energy Reports Fourth Quarter and Year End 2019 Financial Results

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Go back to Pattern Energy Reports Fourth Quarter and Year End 2019 Financial Results

Pattern Energy (PEGI) Tops Q4 EPS by 57c, Revenues Beat

March 2, 2020 6:20 AM EST

Pattern Energy (NASDAQ: PEGI) reported Q4 EPS of $0.54, $0.57 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $147 million versus the consensus estimate of $137.54 million.

Proportional gigawatt hours ("GWh") sold of 8,144 GWhRevenue of $541 millionNet loss of $107 millionAdjusted EBITDA of $359 millionCash available for distribution ("CAFD") of $172 million, which met full year guidanceDeclared a first quarter dividend of $0.4220 per Class A common share(1) or $1.688 on an annualized basis, subsequent to the end of the period,... More