Veresen's 1Q16 Adjusted Earnings of $0.06 per share missed FirstEnergy's forecasted $0.11 per share and Consensus of $0.09 per share. On its cash-based results, Veresen reported Distributable Cash Flow (DCF) of $81 mm compared to our estimate of $81 mm. Management expects to be able to achieve its FY2016 targets with distributable cash in the range of $0.94 and $1.08 per share. The pipeline business contributed more to distributable cash y/y, though partially offset by continued low margins on N ....
04 May 2016
RELEASES 1Q16 RESULTS IN LINE WITH EXPECTATIONS
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RELEASES 1Q16 RESULTS IN LINE WITH EXPECTATIONS
Veresen (VSN:TSE) | 0 0 0.0% | Mkt Cap: 5,806m
- Published:
04 May 2016 -
Author:
Steven I. Paget -
Pages:
3
Veresen's 1Q16 Adjusted Earnings of $0.06 per share missed FirstEnergy's forecasted $0.11 per share and Consensus of $0.09 per share. On its cash-based results, Veresen reported Distributable Cash Flow (DCF) of $81 mm compared to our estimate of $81 mm. Management expects to be able to achieve its FY2016 targets with distributable cash in the range of $0.94 and $1.08 per share. The pipeline business contributed more to distributable cash y/y, though partially offset by continued low margins on N ....