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November 6, 2009
Mirant Reports Third Quarter 2009 Results
Income from continuing operations of $55 million compared to income from continuing operations of $1.607 billion for the third quarter of 2008
Adjusted EBITDA from continuing operations of $311 million compared to adjusted EBITDA from continuing operations of $278 million for the third quarter of 2008
Reduced 2009 adjusted EBITDA guidance from $873 million to $860 million
Increased 2010 adjusted EBITDA guidance from $570 million to $617 million
ATLANTA Mirant Corporation (NYSE: MIR) today reported income from continuing operations for the third quarter of 2009 of $55 million compared to income from continuing operations of $1.607 billion for the same period in 2008. Results for 2009 include unrealized losses, principally on hedges, of $174 million compared to unrealized gains, again principally on hedges, of $1.395 billion for 2008. Per share results from continuing operations for the third quarter of 2009 were $0.38 per share, compared to $8.69 per share from continuing operations for the third quarter of 2008.
The following information was filed by Mirant Corp (MIR) on Friday, November 6, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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