NPIFF - Northland Power Inc. (NPIFF) Q1 2024 Earnings Call Transcript
2024-05-16 14:17:03 ET
Northland Power Inc. (NPIFF)
Q1 2024 Earnings Conference Call
May 16, 2024, 10:00 AM ET
Company Participants
Mike Crawley - President and CEO
John Brace - Executive Chair
Adam Beaumont - Interim CFO
Conference Call Participants
Eli Rodney - National Bank Financial
Nicholas Boychuk - Coremark Securities
Mark Jarvi - CIBC
Jessica Hoyle - Scotiabank
John Moore - TD Securities
Presentation
Operator
Welcome to the Northland Power Conference Call to discuss the First Quarter 2024 Results. As a reminder, this conference is being recorded on Thursday, May 16, 2024, at 10 a.m. Eastern Standard Time.
Conducting this call for Northland Power, are Mike Crawley, President and Chief Executive Officer; John Brace, Executive Chair; and Adam Beaumont, Interim Chief Financial Officer;
Before we begin, Northland's Management has asked me to remind listeners that all figures presented are in Canadian dollars and to caution that certainly information presented and responses to questions may contain forward-looking statements, that include assumptions and are not subject to various risks. Actual results may differ materially from management's expected or forecasted results. Please read the forward-looking statements section in this yesterday's news press release announcing Northland Power's results and be guided by its contents and making investment decisions or recommendations. The release is available at www.northlandpower.com.
I will now turn the call over to Mike Crawley. Please begin sir.
Mike Crawley
Okay. Thank you very much. And thanks to everybody for joining us this morning.
As always, I'd like to start by taking a moment to emphasize that the health and safety of our people is our top priority at Northland. With three construction projects now well underway, and we have now close to 50 well trained health and safety professionals working closely with our project teams, our contractors and our partners to ensure that our health and safety program is best-in-class.
So now, jumping to our quarterly updates, we've had a strong start in 2024, with first quarter financial results better than expected. Our results were higher than last year, primarily due to higher wind resources across all offshore wind facilities, as well as the contribution from our New York onshore wind facilities, which began operating in October of 2023....
Northland Power Inc. (NPIFF) Q1 2024 Earnings Call Transcript