August 8, 2016 / 10:17 PM / in a year

BRIEF-Atlantic Power qtrly loss per share $0.15

Aug 8 (Reuters) - Atlantic Power Corp

* Atlantic power corporation releases second quarter 2016 results

* Have approximately $40 million of cash available for further debt and equity repurchases and internal or external growth investments

* Expect to repay another $42 million debt in second half of year

* Expects to incur maintenance expense in 2016 of approximately $45 million.

* In late july morris project began a six-week maintenance outage that coincides with a scheduled turnaround at customer's facility

* Impact of higher maintenance expense, lost margin during extended outage expected to be about $9 million on project adjusted ebitda in q3

* Says guidance for 2016 project adjusted ebitda is $200 to $220 million, which is unchanged

* Says not provided guidance for project income or net income because of difficulty of making accurate forecasts

* Says expects to have capital expenditures of approximately $8 million in 2016

* Qtrly loss per share $0.15

* Morris project outage is expected to be completed by end of august Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below