US Power Giant Earns 2.7 Billion Earnings

The latest report released by Calpine Corp, the largest independent power producer in the United States, on November 6th local time showed that, thanks to effective cost control measures, the company’s profit in the third quarter of 2012 more than doubled.

According to Calpine’s financial report, in the third quarter of 2012, the company realized a profit of US$437 million (approximately 2.7 billion yuan), or 94 cents a share; in the same period of 2011, Calpine realized a profit of US$190 million (approximately US$1.2 billion). RMB (RMB), which is equivalent to 39 cents per share. Calpine said that the profits announced this time include 222 million U.S. dollars (about 1.4 billion yuan) of unrealized derivatives profits, compared with 35 million U.S. dollars for the same period of 2011 (about 220 million yuan). ).

At the same time, Calpine reported operating income of 2 billion U.S. dollars (about 12.5 billion yuan) during the reporting period, an increase of 9.6 percent year-on-year, and exceeded the average forecast of 1.73 billion U.S. dollars (about 10.8 billion U.S. dollars) by analysts surveyed by Thomson Reuters. RMB yuan). Calpine's financial report also showed that its operating costs fell by 28% during the reporting period.

In addition, Calpine announced that its forecasted interest income before tax, depreciation and amortization before the year will be narrowed to 1.73 billion U.S. dollars (about 10.8 billion yuan) to 1.78 billion U.S. dollars (about 11.1 billion yuan). The previous forecast ranged from 1.7 billion U.S. dollars (about 10.6 billion yuan) to 1.8 billion U.S. dollars (about 11.2 billion yuan).

Note: This article uses a real-time exchange rate of 1 US dollar = 6.2366 yuan