TerraForm Power, Inc. Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Earnings Guidance for the Year 2017
For the six months, the company reported operating revenues, net of $321.5 million compared to $341.2 million, operating income of $37.6 million compared to $95.1 million, loss before income tax expense of $59.3 million compared to $76.5 million, net loss attributable to Class A common stockholders of $24.3 million or $0.31 per basic and diluted A common stock compared to $21.3 million or $0.24 per basic and diluted A common stock, adjusted EBITDA of $244.4 million compared to $271.4 million, net cash provided by operating activities of $55.3 million compared to $84.4 million and capital expenditures of $5.1 million compared to $37.4 million for the last year.
The company provided earnings guidance for the year 2017. The company expected net loss to be in the range of negative $160 million to negative $180 million.