Talen Energy Corporation (TLN) swung to a net profit for the quarter ended Sep. 30, 2016. The company has made a net profit of $88 million, or $ 0.68 a share in the quarter, against a net loss of $401 million, or $3.12 a share in the last year period. Revenue during the quarter dropped 6.21 percent to $1,238 million from $1,320 million in the previous year period. Gross margin for the quarter contracted 98 basis points over the previous year period to 36.59 percent. Operating margin for the quarter period stood at positive 15.59 percent as compared to a negative 26.21 percent for the previous year period.
Operating income for the quarter was $193 million, compared with an operating loss of $346 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $247 million compared with $357 million in the prior year period. At the same time, adjusted EBITDA margin contracted 709 basis points in the quarter to 19.95 percent from 27.05 percent in the last year period.
Operating cash flow declines
Talen Energy Corporation has generated cash of $549 million from operating activities during the nine month period, down 24.90 percent or $182 million, when compared with the last year period. Cash flow from investing activities was $1,219 million for the nine month period as against cash outgo of $173 million in the last year period.
The company has spent $551 million cash to carry out financing activities during the nine month period as against cash outgo of $262 million in the last year period.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
