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May 7, 2010
Mirant Reports First Quarter 2010 Results
Net income of $407 million compared to net income of $380 million for the first quarter of 2009
Adjusted EBITDA of $162 million compared to adjusted EBITDA of $195 million for the first quarter of 2009
Continue to expect to complete the merger with RRI Energy, Inc. to create GenOn Energy by the end of 2010
ATLANTA Mirant Corporation (NYSE: MIR) today reported net income for the first quarter of 2010 of $407 million compared to net income of $380 million for the same period last year. Results for 2010 include unrealized gains, principally on hedges, of $352 million compared to unrealized gains, again principally on hedges, of $254 million for 2009. Per share results for the first quarter of 2010 were $2.79 per diluted share, compared to $2.62 per diluted share for the first quarter of 2009.
The following information was filed by Mirant Corp (MIR) on Friday, May 7, 2010 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.
View differences made from one quarter to another to evaluate Mirant Corp's financial trajectory
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