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Last $17.51 USD
Change Today -0.79 / -4.34%
Volume 4.7M
CPN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 3:28 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

calpine corp (CPN) Snapshot

Open
$18.30
Previous Close
$18.30
Day High
$18.38
Day Low
$17.45
52 Week High
11/10/14 - $24.37
52 Week Low
07/27/15 - $16.51
Market Cap
6.3B
Average Volume 10 Days
6.7M
EPS TTM
$0.60
Shares Outstanding
360.1M
EX-Date
--
P/E TM
29.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for CALPINE CORP (CPN)

calpine corp (CPN) Related Businessweek News

No Related Businessweek News Found

calpine corp (CPN) Details

Calpine Corporation, a wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. It operates natural gas-fired combustion turbines and renewable geothermal conventional steam turbines. The company sells wholesale power, steam, capacity, renewable energy credits, and ancillary services to utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities, power marketers, and others. As of December 31, 2014, it owned and operated 88 power plants, including 1 under construction with an aggregate generation capacity of 26,548 megawatts and 309 megawatts under construction. Calpine Corporation was founded in 1984 and is based in Houston, Texas.

2,052 Employees
Last Reported Date: 02/13/15
Founded in 1984

calpine corp (CPN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $895.9K
Executive Chairman
Total Annual Compensation: $913.2K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $594.6K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $816.5K
Executive Vice President of Power Operations
Total Annual Compensation: $405.2K
Compensation as of Fiscal Year 2014.

calpine corp (CPN) Key Developments

Calpine Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revised Earnings Guidance for the Year 2015

Calpine Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported income from operations of $201 million, income before income taxes $26 million, net income of $21 million and net income attributable to the company of $19 million or $0.05 per diluted share on operating revenue of $1,442 million against income from operations of $329 million, income before income taxes $156 million, net income of $141 million and net income attributable to the company of $139 million or $0.33 per diluted share on operating revenue of $1,939 million reported for the same period a year ago. Total Adjusted EBITDA was $457 million against $413 million a year ago. Adjusted net income was $33 million against adjusted net loss of $3 million a year ago. The increases in Adjusted EBITDA, Adjusted Free Cash Flow and Net Income, As Adjusted, were primarily due to higher Commodity Margin driven largely by increased generation across all segments resulting from lower natural gas prices in the East and Texas and stronger market conditions in the West during June, as well as higher contribution from hedges across all of regions. Adjusted free cash flow was $144 million or $0.39 per share, up from $99 million or $0.23 per share. For the six months period, the company reported income from operations of $367 million, income before income taxes $18 million, net income of $14 million and net income attributable to the company of $9 million or $0.02 per diluted share on operating revenue of $3,088 million against income from operations of $473 million, income before income taxes $124 million, net income of $128 million and net income attributable to the company of $122 million or $0.29 per diluted share on operating revenue of $3,904 million reported for the same period a year ago. Net cash provided by operating activities was $19 million against $349 million a year ago. Purchases of property, plant and equipment was $279 million against $258 million a year ago. Total Adjusted EBITDA was $795 million against $859 million a year ago. Adjusted net loss was $29 million against adjusted net income of $53 million a year ago. The decreases in Adjusted EBITDA, Adjusted Free Cash Flow and Net Income, As Adjusted, were primarily due to lower Commodity Margin driven largely by a significant decrease in power and natural gas prices in East region in the first quarter of 2015, given the unusually high price levels experienced during the polar vortex events in the prior year period, as well as net portfolio changes and lower regulatory capacity revenue in PJM. Adjusted free cash flow was $169 million or $0.45 per diluted share against $229 million or $0.54 per diluted share a year ago. For the year 2015, the company expects GAAP Net Income of $298-$398 million, adjusted EBITDA of $1,950-$2,050 million and adjusted Free Cash Flow of $840-$940 million or $2.20-$2.50 per diluted share, narrowed from previous guidance of $810 million to $1.01 billion, or $2.10 to $2.60 per share. Growth capital expenditures (net of debt funding) are expected to be $355 million. Interest expense, net of interest income expects at $630 million. Depreciation and amortization expense expects at $630 million. Major maintenance expense and maintenance capital expenditures expects at $415 million.

Calpine Corp. Mulls Acquisitions

Calpine Corp. (NYSE:CPN) is seeking acquisitions. Thad Hill, President and Chief Executive Officer of Calpine Corp., said, “You should expect us to continue to manage our portfolio for value including operational optimization and searching for accretive new-build and acquisition opportunity.”

Calpine Corp. to Report Q2, 2015 Results on Jul 30, 2015

Calpine Corp. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 30, 2015

 

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Industry Analysis

CPN

Industry Average

Valuation CPN Industry Range
Price/Earnings 8.5x
Price/Sales 1.0x
Price/Book 2.2x
Price/Cash Flow 4.5x
TEV/Sales NM Not Meaningful
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