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Altius Renewable Royalties Corp. (T:ARR)

Business Focus: Electric Utilities (NEC)

Sector:  Utilities Industry:  Electric Utilities
 
Company Contact
Address: 38 Duffy Place, 2nd Floor
ST. JOHNS NL A1B 4M5
Tel: N/A
Website: https://www.arr.energy
IR: See website
Key People
Brian F. Dalton
Chief Executive Officer
Ben Lewis
Chief Financial Officer
 
Business Overview
Altius Renewable Royalties Corp is a renewable energy royalty company. The Company is engaged in providing long-term, royalty level investment capital to renewable power developers, operators, and originators. It has 33 renewable energy royalties representing approximately 1.9 gigawatts (GW) of renewable power on operating projects and an additional approximate six GW on projects in development phase, across several regional power pools in the United States. The Company holds interests in a portfolio of 2,068 megawatts of operational wind, solar, and hydro-electric projects located in Texas, Kansas, California and Vermont. In addition, the Company holds investments in renewable project developers that entitle it to additional royalty interest grants upon project sales to third parties. It also includes royalties from GBR's investments in Bluestar Energy Capital, Hodson Energy and Hexagon Energy. Its royalties include Prospero 2, Old Settler, Cotton Plains, Phantom and others.
Financial Overview
For the fiscal year ended 31 December 2023, Altius Renewable Royalties Corp revenues increased from $781K to $2.7M. Net loss increased 37% to $1.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Share of earning of joint venture decrease from $521K (income) to $1.7M (expense), Foreign exchange gain decrease of 90% to $30K (income).
Reporting Currency: U.S. Dollars
Enterprise value: $166.57M as of Dec 31, 2023
Annual revenue (TTM): $3.62M as of Dec 31, 2023
EBITDA (TTM): $0.30M as of Dec 31, 2023
Net annual income (TTM): -$1.45M as of Dec 31, 2023
Free cash flow (TTM): $0.61M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 30,787,607 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization