TerraForm Power (TERP) Posts Q1 Loss of 57c/Share; Boosts Dividend

TerraForm Power (NASDAQ: TERP) reported Q1 EPS of ($0.57), $0.57 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $70.52 million versus the consensus estimate of $85.1 million..

Pro forma for a full quarter of economic ownership, revenue and Adjusted EBITDA would have been $86 million and $60 million, respectively.

Q1 Dividend Increase

TerraForm Power today announced that its Board of Directors declared a first quarter dividend for TerraForm Power’s Class A common stock of $0.325 per share, or $1.30 per share on an annualized basis. This reflects a 20% increase from the fourth quarter 2014 dividend of $0.27 per share, or $1.08 per share on an annualized basis. The dividend is payable on June 15, 2015 to shareholders of record as of June 1, 2015.

For earnings history and earnings-related data on TerraForm Power (TERP) click here.

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