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Dynegy Inc.  (DYN)
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    Sector  Utilities    Industry Electric Utilities
 
 

EARNINGS REPORT by CSIMarket

Earnings helped by tax benefit


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A $313 million tax benefit, helped Dynegy Inc to post $3.57 eps in the first quarter 2017



Due to strong revenue growth company turned into profitability, Sales grew by 29.75 % to $1.68 billions, earnings per share were at $3.57, compare to $-0.13 in the same quarter a year ago.

Sequentially EPS turn positive from $-1.18 per share and Sales decreased by -5.03 % from $1.77 billions.
Dynegy Inc said it's sales growth was driven by Coal Power generation segment up 189.05% Gas Power generation segment up 154.13% Total Power Generation segment up 100.33%, while sales in IPH segment fell -6.36%.
Broad-based income growth in IPH, Gas Power generation, Power Generation segment, turn Dynegy Inc into profitability. First quarter net income was $596 millions, an improvement versus a net loss of $-10 millions in the same quarter a year ago.

The company's bottom-line growth was helped by $313 million tax benefit, without it, the first quarter 2017 results would be much more moderate.

Analysing further company's results, an astounding rise of 303.2% in Commonwealth Edison Average Power Prices ($/MWh) to 34.03 explains the first quarter 2017 performance.
Following 1 company indicators recorded great increase: North Path Average Power Prices ($/MWh) 5.04 %.
While following 4 indicators decreased catastrofaly: IPH thousands Megawatt Hours Generated -29.41 %, Mass Hub Power Prices ($/MWh) -20.18 %. Worst was: IPH thousands Megawatt Hours Generated.
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Other DYN's Earnings Reports

Dynegy reported forth quarter 2016 earnings

Dynegy reported third quarter 2016 earnings

Dynegy reported second quarter 2016 earnings



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