NRG Yield, Inc. delivered second-quarter 2018 earnings of 70 cents per share, surpassing the Zacks Consensus Estimate of 34 cents by 105.9%. In the year-ago quarter, the company’s bottom line came in at 28 cents.
In the reported quarter, NRG Yield’s revenues of $307 million outpaced the Zacks Consensus Estimate of $274 million by 12%. Also, the top line was up 6.6% year over year. This strong performance was primarily boosted by growth in the renewable business.
The company’s total operating expenses in the second quarter were in line with the year-over-year figure of $163 million.
Interest expenses came in at $71 million, decreasing 21.1% from $90 million in the year-ago quarter.
NRG Yield, Inc. Price, Consensus and EPS Surprise
NRG Yield had cash and cash equivalents of $130 million as of Jun 30, 2018, down from $148 million as of Dec 31, 2017.
Long-term debt as of Jun 30, 2018 was $5,244 million, reflecting a reduction from $5,659 million as of Dec 31, 2017.
The company’s net cash flow from operating activities during the quarter under consideration was $116 million compared with $105 million recorded in the prior-year period.
NRG Yield provides its full-year 2018 guidance of $125 million for net income. Also, the company expects the cash available for distribution (CAFD) to be around $280 million.
NRG Yield currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CenterPoint Energy, Inc. (CNP - Free Report) will report second-quarter 2018 results on Aug 3. The Zacks Consensus Estimate for the quarter is pegged at 32 cents per share.
Southwest Gas Corporation (SWX - Free Report) will report second-quarter 2018 results on Aug 6. The Zacks Consensus Estimate for the quarter is pegged at 31 cents per share.
North Oil & Gas, Inc. (NOG - Free Report) will report second-quarter 2018 results on Aug 14. The Zacks Consensus Estimate for the quarter is pegged at 8 cents per share.
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