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Pattern Energy Group Inc (PEGI.OQ)

PEGI.OQ on NASDAQ Stock Exchange Global Select Market

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11 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Pattern Energy says on Nov 21, some units entered amended credit deal providing for revolving credit of $440 mln
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Pattern Energy Group Inc ::Pattern Energy Group-‍ on Nov 21, some units entered amended credit deal providing for revolving credit of $440 million, down from prior limit of $500 million​.Pattern Energy Group Inc - ‍credit agreement permits borrower to request increases to facility up to greater of $600 million -SEC filing​.  Full Article

Pattern Energy reports Q3 revenue of $92 million
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Pattern Energy Group Inc :Pattern Energy reports third quarter 2017 financial results.Q3 revenue $92 million versus I/B/E/S view $111.6 million.Pattern Energy Group Inc - ‍- increases dividend to $0.422 per Class A common share for Q4 2017​.Pattern Energy Group Inc - ‍is narrowing its targeted annual cash available for distribution for 2017 to a range of $145 million to $160 million​.Pattern Energy Group Inc - qtrly diluted Class A earnings per share ‍​loss $0.34.  Full Article

Pattern Energy starts public offering of its Class A common stock
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Pattern Energy Group Inc :Pattern Energy announces commencement of public offering of its Class A common stock.Pattern Energy Group Inc - ‍commencement of a primary underwritten public offering of 8 million shares of its Class A common stock​.  Full Article

Pattern Energy in discussions to buy interest in Armow Wind power facility
Tuesday, 16 Aug 2016 

Pattern Energy Group Inc : Intends to fund acquisition with available liquidity from its recent equity offering . Says transaction is expected to close within next 30 to 45 days . "expect to drop down another acquisition from our identified ROFO list before end of year" .Pattern Energy announces it is in discussions to acquire interest in Armow Wind power facility in Ontario.  Full Article

Pattern energy reports Q2 EPS ($0.04)
Friday, 5 Aug 2016 

Pattern Energy Group Inc : Q2 revenue $93.4 million versus I/B/E/S view $104.5 million . Pattern Energy reports second quarter 2016 financial results . Pattern Energy reaffirms its targeted annual cash available for distribution for 2016 in a range of $125 million to $145 million . FY2016 earnings per share view $-0.17, revenue view $403.5 million -- Thomson Reuters I/B/E/S . Q2 loss per share $0.04 . Q2 earnings per share view $0.04, revenue view $104.5 million -- Thomson Reuters I/B/E/S .Remain on track to achieve our cash available for distribution target for 2016.  Full Article

Pattern energy - qtrly proportional GWH sold of 1,715 GWH, up 40%
Friday, 5 Aug 2016 

Pattern Energy Group Inc : Qtrly revenue of $93.4 million, up 10% . Qtrly proportional gwh sold of 1,715 GWH, up 40% . Cash available for distribution (CAFD) of $35.5 million, up 27% on track to meet full year guidance . Qtrly loss per share $0.04 .Q2 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.  Full Article

Pattern Energy acquires development rights to King Pine Wind Power project
Wednesday, 6 Jul 2016 

Pattern Energy Group Inc : Pattern Development acquires the development rights to the 600 MW King Pine Wind Power project in Maine .Has acquired from SunEdison development rights to proposed 600 megawatt (MW) King Pine wind power project.  Full Article

Pattern Energy Group commits to acquire 324 MW Broadview wind power facility in New Mexico for $269 mln
Thursday, 30 Jun 2016 

Pattern Energy Group Inc : Pattern Energy commits to acquire 324 mw Broadview wind power facility in new mexico for $269 million . Has all capital required to fund deal with currently available liquidity . Broadview has entered into two 20-year power purchase agreements with Southern California Edison for sale of 100 percent of its output . Will fund cash purchase price for its interest in project with currently available corporate liquidity . Funding also includes up to $160 million of long-term project holding company debt financing commitments . Expects broadview to generate cash available for distribution of about $28 million per year based on a five-year average run rate .Pattern Energy Group says commits to acquire 324 mw broadview wind power facility in new mexico for $269 million.  Full Article

Pattern Energy reports qtrly loss per share $0.32
Monday, 9 May 2016 

Pattern Energy Group Inc : Reaffirms its targeted annual cash available for distribution for 2016 in a range of $125 million to $145 million . Declared a Q2 dividend of $0.39 per class a common share a 2.4 pct increase over previous quarter's dividend . Net loss was $29.0 million in Q1 of 2016, compared to $22.1 million in same period last year. . Qtrly loss per share $0.32 . Pattern energy reports first quarter 2016 financial results .Q1 revenue $87.6 million versus I/B/E/S view $97.4 million.  Full Article

BRIEF-Pattern Energy says on Nov 21, some units entered amended credit deal providing for revolving credit of $440 mln

* Pattern Energy Group-‍ on Nov 21, some units entered amended credit deal providing for revolving credit of $440 million, down from prior limit of $500 million​