CA - Northland Power reports Q2 earnings; raises FY22 guidance

• Northland Power press release ( OTCPK:NPIFF ): Q2 Non-GAAP EPS of $0.70.
• Revenue of $556.79M (+36.4% Y/Y).
• Adjusted EBITDA increased to $335M from $203M in 2021.
• 2022 Financial Guidance Update management is providing an update to its 2022 financial guidance, increasing its expectations for Adjusted EBITDA, Adjusted Free Cash Flow per share and Free Cash Flow per share.
• For 2022, Adjusted EBITDA is now expected to be in a range of $1.25 billion to $1.35 billion ($1.15 billion to $1.25 billion previously), Adjusted Free Cash Flow per share is now expected to be in the range of $1.85 to $2.05 ($1.65 to $1.85 previously) and Free Cash Flow per share is now expected to be in the range of $1.40 to $1.60 ($1.20 to $1.40 previously).

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