NRG Yield Slips To Q1 Loss, Trims 2015 Adjusted EBITDA Outlook - Quick Facts

(RTTNews) - NRG Yield, Inc. (NYLD) reported that first-quarter net loss attributable to the company was $5 million or $0.15 per share, compared to net income of $4 million or $0.18 per share in the prior-year quarter.

Adjusted EBITDA increased to $122 million from $92 million, and cash available for distribution or CAFD, improved to $6 million from last year's $5 million.

Total operating revenues for the quarter grew to $180 million from $140 million in the same quarter last year.

The company also announced increase in common stock dividend payable in second quarter of 2015 by 2.6 percent to $0.20 per share over the current quarterly dividend rate, an 18 percent increase over first quarter 2014. The dividend will be paid on June 15 to shareholders of record of Class A and Class C common stock as of June 1, 2015.

Looking ahead to the second quarter, the company expects adjusted EBITDA of $195 million and CAFD of $35 million.

For fiscal 2015, the company trimmed adjusting adjusted EBITDA guidance to $690 million from the prior forecast of $705 million, while maintaining CAFD guidance at $195 million.