Northland Power Inc T.NPI

Alternate Symbol(s): T.NPI.P.A | T.NPI.P.B | NPIFF

Utilities Utilities - Independent Power Producers

Northland Power Inc. is a Canada-based global power producer focused on helping the clean energy transition by producing electricity from clean renewable resources. The Company owns and manages a diversified generation mix, including onshore renewables, natural gas energy, as well as supplying energy through a regulated utility. Its facilities produce electricity from clean-burning natural gas and renewable resources such as wind and solar. The Company’s segments include offshore wind facilities, onshore renewable facilities, efficient natural gas facilities, and utilities. It operates both onshore and offshore wind facilities in Canada and Europe, with a total annual production of more than 5,000 GWh. It has about 13 ground-mounted solar projects in Canada. The Company’s natural gas facilities use turbines to produce electricity. The Company also has an inventory of projects under construction and in various stages of development encompassing over 15GW of potential capacity.

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Northland Power Inc > 2022 Q1 Results!

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Post by mydividendson May 10, 2022 9:34pm

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Post# 34672632

2022 Q1 Results!

First Quarter Highlights

Financial Results

Sales increased 13% to $695 million from $613 million in 2021 and Gross profit increased by 16% to $636 million from $549 million in 2021.
Adjusted EBITDA (a non-IFRS measure) increased 17% to $420 million from $360 million in 2021.
Adjusted Free Cash Flow per share (a non-IFRS measure) increased 15% to $0.84 from $0.73 in 2021.
Free Cash Flow per share (a non-IFRS measure) increased 17% to $0.77 from $0.66 in 2021.
Net income increased 90% to $288 million from $151 million in 2021.