Pattern Energy Group Reports Mixed Q2 Results

Pattern Energy Group reported Q2 earnings of $0.16 per share, up from a loss of $0.04 per share the same quarter last year, and beating the Capital IQ consensus estimate by three cents. Total revenue increased to $107.8 million from $93.4 million but missed the estimated $124.0 million.

Additionally, the company said it will pay a quarterly dividend of $0.42 per share on Oct 31 to shareholders of record as of Sept 29. The dividend has been increased 0.5% from the previous quarter. It is payable Oct. 31 for shareholders of record Sept. 29 with an ex-dividend date of Sept. 27.

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