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Atlantic Power Corporation (T:ATP)

Business Focus: Electric Utilities

Sector:  Utilities Industry:  Electric Utilities
See Regulatory Filings on SEDAR
Company Contact
Address: 3 Allied Dr Ste 220
DEDHAM MA 02026-6148
Tel: N/A
IR: See website
Key People
Kevin T. Howell
Independent Chairman of the Board
James J. Moore
President, Chief Executive Officer, Director
Terrence Ronan
Executive Vice President, Chief Financial Officer, Principal Financial and Accounting Officer and Corporate Secretary
Joseph E. Cofelice
Executive Vice President - Commercial Development
James P. D'Angelo
Senior Vice President, Chief Administrative Officer
Jeffrey S. Levy
Senior Vice President, General Counsel, Corporate Secretary
Philip Daniel Rorabaugh
Senior Vice President - Operations
Business Overview
Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company's power generation projects sell electricity to utilities and other commercial customers. Atlantic Power's segments include East U.S., West U.S. and Canada. The Company's East U.S. segment comprises natural gas, biomass, coal and hydro projects. The Company's projects under the West U.S. segment include Naval Station, Naval Training Center, North Island, Oxnard, Manchief and Frederickson, which are focused on natural gas, and Koma Kulshan, which is focused on hydro. Under the Canada segment, the Company's projects located in British Columbia include Mamquam, Mamquam and Williams Lake. Its Calstock and Tunis projects are located in Ontario. The Company's portfolio consisted of interests in 19 operational power generation projects across nine states in the United States and two provinces in Canada, as of December 31, 2016.
Financial Overview
For the three months ended 31 March 2020, Atlantic Power Corp revenues decreased less than 1% to $72.8M. Net income applicable to common stockholders increased from $8.9M to $29.5M. Revenues reflect Canada segment increase of 18% to $24.6M, also reflect United States segment decrease of 7% to $48.2M. Net income benefited from Interest rate swaps increase from $2.2M to $6.1M (income).
Employees: 266 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $1,246M as of Mar 31, 2020
Annual revenue (TTM): $380.90M as of Mar 31, 2020
EBITDA (TTM): $155.12M as of Mar 31, 2020
Net annual income (TTM): -$29.78M as of Mar 31, 2020
Free cash flow (TTM): $134.95M as of Mar 31, 2020
Net Debt Last Fiscal Year: $732.57M as of Mar 31, 2020
Shares outstanding: 93,002,338 as of May 6, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization