AT - Atlantic Power EPS beats by $0.23
Atlantic Power (AT): Q4 GAAP EPS of $0.30 beats by $0.23.Revenue of $71.7M (+8.3% Y/Y)Project Adjusted EBITDA of $51.7 million increased from $42.9 million in Q4 2019, mostly due to $9.4 million of business interruption insurance recovery at Cadillac recorded in 2020, partially offset by a $7.0 million decrease at Curtis Palmer due to lower water flows.Repaid $19.3 million of term loan and project debt, as expected, and achieved a consolidated leverage ratio at YE 2020 of 3.6 times, or 3.4 times net of cash; expect improvement in 2021.Liquidity at YE 2020 of $142 million, including approximately $14 million of discretionary cash.Press Release
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Atlantic Power EPS beats by $0.23