The results include an income of $124 million from discontinued operations, primarily related to the gain on the sale of the CoGen Lyondell facility.
The company reported revenues of $1.04 billion for Q3 2007, compared to $508 million for the same period of 2006. Revenues for the first nine months of 2007 stood at $2.38 billion, compared to $1.43 billion for the same period of 2006.
Earnings before interest, taxes, depreciation and amortization (EBITDA) stood at $581 million for the third quarter of 2007, compared to $62 million for the same period in 2006. EBITDA figures for the first nine months of 2006 stood at $1.01 billion, compared to $309 million for the same period of 2006.
Bruce Williamson, chairman and CEO, said: During the third quarter, we continued to demonstrate the benefits of our strong operational and commercial capabilities across a much larger portfolio of power generation assets with greater geographic, fuel and dispatch diversity to take advantage of near-term, medium-term, and longer-term commercial opportunities. The increased scale and scope of our generation portfolio resulted in significantly greater power generation sales volumes in all of our regions.
