CA - Northland Power GAAP EPS of C$1.12 revenue of C$641M; initiates FY23 guidance
- Northland Power press release ( OTCPK:NPIFF ): Q4 GAAP EPS of C$1.12.
- Revenue of C$641M (+0.1% Y/Y).
- Adjusted EBITDA decreased in the fourth quarter to $353 million from C$364 million in 2021.
- Adjusted Free Cash Flow per share decreased in the fourth quarter to C$0.16 from C$0.80 in 2021.
- 2023 Financial Outlook: For 2023, management expects Adjusted EBITDA to be in the range of C$1.20 billion to C$1.30 billion.
- In 2023, management expects Adjusted Free Cash Flow to be in the range of C$1.70 to C$1.90 per share and Free Cash Flow to be in the range of C$1.30 to C$1.50 per share.
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Northland Power GAAP EPS of C$1.12, revenue of C$641M; initiates FY23 guidance