Northland Power Inc. (T:NPI)
Business Focus: Renewable IPPs
| Sector: Utilities | Industry: Independent Power Producers |
| Company Contact | |
| Address: | 30 St. Clair Avenue West, 12th Floor TORONTO ON M4V 3A1 |
| Tel: | 1-647-2881019 |
| Website: | https://www.northlandpower.com/Default.aspx |
| IR: | See website |
| Key People | ||
| John W. Brace Executive Chairman of the Board | Mike Crawley President, Chief Executive Officer | Pauline Alimchandani Chief Financial Officer |
| Rachel Stephenson Chief People Officer | Michelle Chislett Executive Vice President - Onshore Renewables | Wendy A. Franks Executive Vice President - Hydrogen, Chief Strategy Officer |
| Yonni David Fushman Executive Vice President - Sustainability, Chief Legal Officer | Calvin Mccormack Executive Vice President - Natural Gas and Utility | David Povall Executive Vice President - Offshore Wind |
| Business Overview |
| 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Northland Power Inc revenues decreased 9% to C$2.23B. Net loss applicable to common stockholders totaled C$181.3M vs. income of C$816.5M. Revenues reflect Offshore wind segment decrease of 9% to C$1.14B, Efficient Natural Gas segment decrease of 20% to C$339.8M, On Shore Renewables segment decrease of 10% to C$434.9M. Net loss reflects Offshore wind segment income decrease of 23% to C$540.7M. |
| Employees: | 1,344 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $12,370M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,233M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,383M as of Dec 31, 2023 |
| Net annual income (TTM): | -$181.30M as of Dec 31, 2023 |
| Free cash flow (TTM): | $131.88M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $6,539M as of Dec 31, 2023 |
| Shares outstanding: | 255,660,668 as of Mar 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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