Report
Andrew Bischof, CFA
EUR 98.48 For Business Accounts Only

Dynegy Management Highlights Deleveraging Steps; Reports First-Quarter Results

We are reaffirming our $9 per share fair value estimate after Dynegy reported first-quarter adjusted EBITDA of $230 million compared with $251 million in the same year-ago period. Management reaffirmed Dynegy's adjusted EBITDA guidance of $1.2 billion-$1.4 billion, in line with our $1.25 billion estimate. Dynegy increased its free cash flow guidance range to $300 million-$500 million, up from $150 million-$350 million after delaying environmental spend to meet the Effluent Limitation Guidelines....
Underlying
Dynegy Inc.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Bischof, CFA

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