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Pinnacle Renewable Energy Inc. (T:PL)

Business Focus: Biomass & Biogas Fuels

Sector:  Energy Industry:  Renewable Fuels
See Regulatory Filings on SEDAR
Company Contact
Address: 350 - 3600 Lysander Lane
Tel: N/A
IR: See website
Key People
Business Overview
Pinnacle Renewable Energy Inc is a Canada-based company engaged in wood container and packaging business sector. The Company produces sustainable fuel for renewable electricity generation in the form of industrial wood pellets. This fuel is used by thermal power generators as a greener alternative to produce reliable baseload renewable power. Pinnacle takes pride in its industry safety practices. The Company operates a number of industrial wood pellet production facilities in western Canada and one in Alabama, and owns a port terminal in Prince Rupert, British Colombia. The Company's Alabama production facility utilizes shipping facilities on the United States Gulf Coast.
Financial Overview
For the 26 weeks ended 26 June 2020, Pinnacle Renewable Energy Inc revenues increased 25% to C$241.9M. Net loss increased 84% to C$10M. Revenues reflect Port services segment remaining flat at C$3.3M, Europe segment increase of 30% to C$207.1M, Asia segment increase of 16% to C$29.1M. Higher net loss reflects Other income decrease of 94% to C$440K (income), Insurance recovery for property loss at decrease of 69% to C$2.5M (income).
Employees: 415 as of Dec 28, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $586.00M as of Jun 26, 2020
Annual revenue (TTM): $425.94M as of Jun 26, 2020
EBITDA (TTM): $47.29M as of Jun 26, 2020
Net annual income (TTM): -$16.82M as of Jun 26, 2020
Free cash flow (TTM): -$63.56M as of Jun 26, 2020
Net Debt Last Fiscal Year: $373.13M as of Jun 26, 2020
Shares outstanding: 33,358,367 as of Aug 21, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization