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Innergex Renewable Energy Inc. (T:INE)

Business Focus: Wind Electric Utilities

Sector:  Utilities Industry:  Electric Utilities
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1225 Saint-Charles St W
LONGUEUIL QC J4K 0B9
Tel: N/A
Website: www.innergex.com
IR: See website
Key People
Michel Letellier
President, Chief Executive Officer, Non-independent Director
Pascale Tremblay
Chief Asset Officer
Jean-Francois Neault
Chief Financial Officer
Alexandra Boislard-Pepin
Chief Human Resources Officer
Renaud De Batz De Trenquellon
Senior Vice President - Latin America
Jay Sutton
Senior Vice President - Construction and Engineering
Jean Trudel
Chief Investment and Development Officer
Niko Nikolaidis
Vice President - Investments and Financing
Colleen Giroux-schmidt
Vice President - Corporate Relations
Matthew Kennedy
Vice President - Environment
   
Business Overview
Innergex Renewable Energy Inc. is a Canada-based independent renewable power producer. The Company develops, acquires, owns and operates renewable power-generating facilities with a focus on hydroelectric, wind and solar production as well as energy storage technologies. The Company has three operating segments: hydroelectric power generation; wind power generation and solar power generation. Through its hydroelectric, wind power and solar power generation segments, it sells electricity produced by its hydroelectric, wind farm and solar facilities to publicly owned utilities or other creditworthy counterparties. It owns interests in approximately 40 hydroelectric facilities, 32 wind farms and eight solar farms. It owns and operates approximately 80 facilities in commercial operation. The Company's geographic segments include Canada, the United States, France and Chile.
Financial Overview
For the six months ended 30 June 2022, Innergex Renewable Energy Inc revenues increased 13% to C$408.5M. Net loss applicable to common stockholders decreased 65% to C$62.4M. Revenues reflect Hydroelectric Power Generation segment increase of 62% to C$166M, Wind Power Production segment increase of 1% to C$191.5M, Chile segment increase from C$6M to C$39.5M, Canada segment increase of 8% to C$219.3M.
Employees: 488 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $9,204M as of Jun 30, 2022
Annual revenue (TTM): $795.42M as of Jun 30, 2022
EBITDA (TTM): $543.23M as of Jun 30, 2022
Net annual income (TTM): -$83.96M as of Jun 30, 2022
Free cash flow (TTM): $18.02M as of Jun 30, 2022
Net Debt Last Fiscal Year: $5,443M as of Jun 30, 2022
Shares outstanding: 204,116,917 as of Aug 8, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization