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Exhibit 99.1
News Release
| Investor Relations and Media contacts: |
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| Steve Himes, 678 579 3655 | ||
| steve.himes@mirant.com | ||
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Audrey Emerson, 678 579 3231 |
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| audrey.emerson@mirant.com | ||
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Stockholder inquiries: |
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| 678 579 7777 |
November 5, 2010
Mirant Reports Third Quarter 2010 Results
| • | Net income of $254 million compared to net income of $55 million for the third quarter of 2009 |
| • | Adjusted EBITDA of $190 million compared to adjusted EBITDA of $311 million for the third quarter of 2009 |
| • | Continue to expect to complete the merger with RRI Energy, Inc. (“RRI Energy”) to create GenOn Energy, Inc. by the end of the year |
ATLANTA – Mirant Corporation (NYSE: MIR) today reported net income for the third quarter of 2010 of $254 million compared to net income of $55 million for the same period last year. Results for 2010 include unrealized gains, principally on hedges, of $167 million compared to unrealized losses, again principally on hedges, of $174 million for 2009. Per share results for the third quarter of 2010 were $1.74 per diluted share, compared to $0.38 per diluted share for the third quarter of 2009.
The following information was filed by Mirant Corp (MIR) on Friday, November 5, 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
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Mirant Corp.
MIR Quarterly Reports
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10-Q Quarterly Report November 2010
- 10-Q Quarterly Report August 2010
- 10-Q Quarterly Report May 2010
- 10-Q Quarterly Report November 2009
- 10-Q Quarterly Report August 2009
