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CALPINE CORP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2020 10-Q, filed Aug 13, 2020. Its latest SEC filing is a 8-K from Aug 21, 2020.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Generates and sells electricity, steam and other power-related services to utilities and market operators, businesses and public entities, and retail customers.

How Did They Make Money?

Customers pay for power and steam as they are delivered, while capacity and ancillary services are paid for as the service is provided. Wholesale customers are billed monthly in the month after delivery, generally due within 20 days; retail customers are billed every 30 days and generally pay at or shortly after delivery.

revenue

Who Were Their Customers?

Wholesale buyers include utilities and power-market operators, businesses, and retailers and public entities; the separate retail business serves households and organizations.

Did Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in .

Operating income,
16% of revenue
▲ +109% vs ($762M, 8%)
Net income,
8% of revenue
▲ +7600% vs ($10M, 0%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q2 FY2020, the three months to Jun 30, 2020
Revenue
▼ −33%
vs $2.6B in Q2 FY2019
Net income
▼ −39%
vs $266M in Q2 FY2019
  • Feb 28, 2020 Changed its certifying accountant

Grew. Revenue grew 56% in 4 years, from $6.5B in to $10.1B in , about 12% a year.

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