Calpine Posts Loss In Q2 - Quick Facts

(RTTNews) - Calpine Corp. (CPN) Friday posted second-quarter net loss attributable to company of $29 million or $0.08 per share. This compares to last year's net profit of 19 million or $0.05 per share. The company attributed the loss primarily to net mark-to-market losses driven by increases in forward power and natural gas prices.

Adjusted EBITDA slid 1.1 percent to $452 million from $457 million a year ago.

Operating revenues for the quarter decline to $1.164 billion from $1.442 billion for the same period last year.

Looking ahead to the full year, the company now expects adjusted EBITDA to be in the range of $1.80 billion-$1.90 billion. This compares to prior projected guidance of $1.80 billion-$1.95 billion.