Latest news with #NorthlandPowerInc
Yahoo
15-05-2025
- Business
- Yahoo
Northland Power Inc (NPIFF) Q1 2025 Earnings Call Highlights: Navigating Challenges with ...
Adjusted EBITDA: $361 million, a 20% decrease compared to Q1 2024. Free Cash Flow: $157 million, 30% lower than Q1 2024. Free Cash Flow Per Share: $0.60 compared to $0.88 in Q1 2024. Commercial Availability: 95% in the offshore wind business. Onshore Fleet Availability: 97%. Construction Spending: $8 billion spent on Hai Long and Baltic Power projects, with $7 billion remaining. Corporate Liquidity: $1.1 billion available. Warning! GuruFocus has detected 7 Warning Signs with NPIFF. Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Northland Power Inc (NPIFF) successfully completed the Oneida battery storage project ahead of schedule and under budget, marking it as Canada's largest energy storage project. The company has made significant progress on its offshore wind projects, Hai Long and Baltic Power, with substantial investments and construction milestones achieved. Northland Power Inc (NPIFF) maintains a strong commitment to safety, evidenced by the Honoris CCS Award for innovation and safety received by its EBSA utility in Colombia. The company has a diversified portfolio across geographies and technologies, which helps mitigate risks associated with localized issues such as low wind resources. Northland Power Inc (NPIFF) has a strong balance sheet with $1.1 billion of available corporate liquidity, positioning it well for future growth and development projects. The company's Q1 2025 adjusted EBITDA decreased by 20% compared to the same quarter in 2024, primarily due to historically low offshore wind resources in the North Sea. Free cash flow for the first quarter was 30% lower than the same period last year, reflecting the impact of weak wind conditions. Despite the completion of the Oneida project, the reduction in costs does not directly translate to a one-to-one reduction in equity funding requirements. The company faces challenges in advancing future offshore wind projects due to higher costs and execution risks, as seen in the industry. Northland Power Inc (NPIFF) is experiencing a competitive environment for capital allocation, requiring careful evaluation of growth opportunities to ensure optimal deployment. Q: Can you clarify if the $100 million cost savings on the Oneida project directly reduces the equity funding requirement? A: Jeff Hart, Chief Financial Officer: It's not a one-to-one reduction. Various factors, including debt service and ITCs, influence the equity funding requirement. Q: Has there been any change in the EBITDA cash flow outlook for the Oneida project since its inception? A: Jeff Hart, Chief Financial Officer: We expect the economics to remain within the promised range, with 60% of revenues from capacity payments, aligning with our initial expectations. Q: What are Northland Power's future growth opportunities, particularly in wind or solar projects in regions like Quebec or the UK? A: Christine Healy, President and CEO: We are exploring a variety of opportunities across markets, both organic and inorganic. Each opportunity must compete for capital to ensure the best deployment for shareholder value. Q: How does Northland Power plan to manage the cadence of advancing growth opportunities while focusing on lowering the payout ratio? A: Christine Healy, President and CEO: We are evaluating our pipeline and capital allocation to balance growth with financial discipline. More details will be shared at our upcoming Investor Day. Q: What is Northland Power's perspective on the growth potential for gas-fired power, considering supply chain challenges and cost inflation? A: Christine Healy, President and CEO: We see gas-fired power as crucial for a reliable energy mix. We have good supply chain relationships and options, allowing us to proceed with projects without current constraints. Q: Are there any impacts from the recent grid outage in Spain on Northland Power's operations? A: Christine Healy, President and CEO: There were no negative impacts on our operations in Spain. The team handled the situation well, ensuring safety and operational integrity. Q: What is the expected timeline for generating first power at the Hai Long project, and are there any turbine installation requirements? A: Christine Healy, President and CEO: We expect first power in the back half of this year. There is no minimum number of turbines required for initial power generation, and installation is progressing well. Q: How is Northland Power addressing supply chain challenges for the Hai Long and Baltic projects? A: Christine Healy, President and CEO: We maintain constant vigilance over our supply chain, ensuring delivery on schedule and cost. Our supply chain is currently delivering well, with a strong emphasis on safety. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
11-04-2025
- Business
- Yahoo
Northland Power Announces its First Quarter 2025 Financial Results Release Date and Provides Investor Call and Webcast Details
TORONTO, April 11, 2025 (GLOBE NEWSWIRE) -- Northland Power Inc. ('Northland') (TSX: NPI) announces it will release its 2025 first quarter operating and financial results after markets close on Tuesday, May 13, 2025. Northland's management will hold an investor conference call and webcast at 10 a.m. Eastern Time (ET) on Wednesday, May 14, 2025, followed by a question-and-answer period with analysts. Conference call details: Date: Wednesday, May 14, 2025 Start Time: 10:00 a.m. ET Participants wishing to join the call and ask questions must register using the following URL below: For all other attendees, the call will be broadcast live on the internet, in listen-only mode and can be accessed using the following link: Webcast URL: For those unable to attend the live call, an audio recording will be available on Northland's website at on Thursday, May 15, 2025. ABOUT NORTHLAND POWER Northland Power is a Canadian-owned global power producer dedicated to accelerating the global energy transition. Founded in 1987, with almost four decades of experience, Northland has a long history of developing, owning and operating a diversified mix of energy infrastructure assets including offshore and onshore wind, solar, battery energy storage, and natural gas. Northland also supplies energy through a regulated utility. Headquartered in Toronto, Canada, with global offices in seven countries, Northland owns or has an economic interest in 3.2 GW of gross operating generating capacity, 2.4 GW under construction and a significant inventory of early to mid-stage development opportunities encompassing approximately 10 GW of potential capacity. Publicly traded since 1997, Northland's Common Shares, Series 1 and Series 2 Preferred Shares trade on the Toronto Stock Exchange under the symbols NPI, and respectively. For further information, please contact: Mr. Dario Neimarlija, Vice President 647-288-1019 investorrelations@ in to access your portfolio
Yahoo
09-04-2025
- Business
- Yahoo
Both retail investors who control a good portion of Northland Power Inc. (TSE:NPI) along with institutions must be dismayed after last week's 8.9% decrease
The considerable ownership by retail investors in Northland Power indicates that they collectively have a greater say in management and business strategy A total of 25 investors have a majority stake in the company with 42% ownership Insiders have been buying lately AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. If you want to know who really controls Northland Power Inc. (TSE:NPI), then you'll have to look at the makeup of its share registry. We can see that retail investors own the lion's share in the company with 54% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). While the holdings of retail investors took a hit after last week's 8.9% price drop, institutions with their 46% holdings also suffered. In the chart below, we zoom in on the different ownership groups of Northland Power. View our latest analysis for Northland Power Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. As you can see, institutional investors have a fair amount of stake in Northland Power. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Northland Power's earnings history below. Of course, the future is what really matters. Northland Power is not owned by hedge funds. Our data shows that BMO Asset Management Corp. is the largest shareholder with 9.7% of shares outstanding. RBC Global Asset Management Inc. is the second largest shareholder owning 4.1% of common stock, and The Vanguard Group, Inc. holds about 4.0% of the company stock. On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our most recent data indicates that insiders own less than 1% of Northland Power Inc.. Keep in mind that it's a big company, and the insiders own CA$5.0m worth of shares. The absolute value might be more important than the proportional share. It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling. The general public -- including retail investors -- own 54% of Northland Power. This size of ownership gives investors from the general public some collective power. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Northland Power (at least 1 which is a bit unpleasant) , and understanding them should be part of your investment process. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future . NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
28-02-2025
- Business
- Yahoo
Northland Power Inc (NPIFF) Q4 2024 Earnings Call Highlights: Strong Financial Performance and ...
Revenue: Over $2.3 billion in revenues for the fiscal year. Available Liquidity: Over $1 billion. Adjusted EBITDA (Q4 2024): $312 million. Adjusted EBITDA (Full Year 2024): $1.3 billion, a 2% increase from the previous year. Adjusted Free Cash Flow (Q4 2024): $81 million. Free Cash Flow (Q4 2024): $58 million. Adjusted Free Cash Flow (Full Year 2024): $394 million or $1.53 per share. Free Cash Flow (Full Year 2024): $328 million or $1.27 per share. 2025 Financial Guidance - Adjusted EBITDA: Expected to be in the range of $1.3 billion to $1.4 billion. 2025 Financial Guidance - Adjusted Free Cash Flow: Expected to be $1.30 to $1.50 per share. 2025 Financial Guidance - Free Cash Flow: Expected to be in the range of $1.10 to $1.30 per share. Capital Spend (Q4 2024): Approximately $1 billion. Total Project Costs for Three Projects: $16 billion, with $8 billion spent to date. Warning! GuruFocus has detected 7 Warning Signs with NPIFF. Release Date: February 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Northland Power Inc (NPIFF) achieved the high end of its 2024 financial guidance, demonstrating strong operational performance. The company has a diverse global energy portfolio, including offshore wind, onshore wind, solar, battery, and natural gas, positioning it well for future growth. Northland Power Inc (NPIFF) has a strong financial position with over $2.3 billion in revenues and available liquidity of over $1 billion. The company is progressing well on three major construction projects, Hai Long, Baltic Power, and Oneida, which are expected to contribute significantly to future EBITDA and cash flow. Northland Power Inc (NPIFF) has a strategic advantage due to its international diversification, reducing exposure to potential US tariffs and political risks. The company experienced a decrease in adjusted EBITDA in Q4 2024 compared to the previous year, partly due to a one-off gain in 2023. Offshore wind resources were lower than the previous year, impacting performance. There was a 10-day unplanned outage at one of the German wind farms due to grid operator system upgrades. Northland Power Inc (NPIFF) faces challenges with potential tariffs and changes in renewable power incentives from the US administration. The company acknowledges some macroeconomic noise and sentiment affecting power energy company valuations, including Northland Power Inc (NPIFF). Q: Adam, can you provide an update on the potential refinancing of the Baltic Power and Hai Long offshore wind projects? A: Adam Beaumont, Interim CFO: We are considering refinancing options for these projects once they achieve commercial operations and are de-risked. This will depend on market conditions at the time, but we have initiated a working group to evaluate different options. This is part of our strategy to optimize liquidity and support future growth. Q: Christine, how do you view capital allocation for future offshore wind projects? Would you consider undertaking multiple projects simultaneously? A: Christine Healy, President and CEO: We have strong capabilities in offshore wind, and the global demand for it is significant. We might consider taking smaller stakes in multiple projects or larger stakes in fewer projects, depending on the opportunities. Our partnerships and track record give us the flexibility to make these decisions. Q: Are there any plans for non-core asset sales to manage the higher payout ratio during the construction period? A: Christine Healy, President and CEO: We continuously evaluate our portfolio for optimization. Any divestitures will be strategically timed to deliver the best value for shareholders, and we are confident in meeting our obligations without immediate asset sales. Q: Can you discuss the assumptions behind the 2025 financial guidance, particularly regarding production and curtailment? A: Adam Beaumont, Interim CFO: Our guidance assumes production at long-term averages (LTA) unless there are known outages. We have slightly increased our curtailment assumptions for this guidance, but overall, it follows our standard practice. Q: With the removal of the DRIP discount, are there plans for stock buybacks or an NCIB program? A: Adam Beaumont, Interim CFO: We believe the DRIP change is a positive step for shareholder value. While we will monitor the share price, our current focus is on investing capital in projects that drive long-term value. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
27-01-2025
- Business
- Yahoo
Northland Power Announces its Fourth Quarter 2024 Financial Results Release Date and Provides Investor Call and Webcast Details
TORONTO, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Northland Power Inc. ('Northland') (TSX: NPI) announces it will release its 2024 fourth quarter operating and financial results after markets close on Wednesday, February 26, 2025. Northland's management will hold an investor conference call and webcast at 10 a.m. Eastern Time (ET) on Thursday, February 27, 2025, followed by a question and answer period with analysts. Conference call details: Date: Thursday, February 27, 2025 Start Time: 10:00 a.m. ET Participants wishing to join the call and ask questions must register using the following URL below: For all other attendees, the call will be broadcast live on the internet, in listen-only mode and can be accessed using the following link: Webcast URL: For those unable to attend the live call, an audio recording will be available on Northland's website at on Friday, February 28, 2025. ABOUT NORTHLAND POWER Northland Power is a global power producer dedicated to helping the clean energy transition by producing electricity from clean renewable resources. Founded in 1987, Northland has a long history of developing, building, owning and operating clean and green power infrastructure assets and is a global leader in offshore wind. In addition, Northland owns and manages a diversified generation mix including onshore renewables, efficient natural gas energy, as well as supplying energy through a regulated utility. Headquartered in Toronto, Canada, with global offices in eight countries, Northland owns or has an economic interest in approximately 3.2 GW (net 2.8 GW) of operating capacity. The Company also has a significant inventory of projects in construction and in various stages of development encompassing approximately 12 GW of potential capacity. Publicly traded since 1997, Northland's common shares, Series 1 and Series 2 preferred shares trade on the Toronto Stock Exchange under the symbols NPI, and respectively. For further information, please contact:Mr. Dario Neimarlija, Vice President647-288-1019investorrelations@ in to access your portfolio
