CA - Northland Power reports Q3 results; reaffirms FY22 guidance range

• Northland Power press release ( OTCPK:NPIFF ): Q3 net income increased to C$76M from net loss of C$5M in 2021.
• Revenue of $556M (+28.7% Y/Y).
• Gross profit increased to C$484M from C$383M in 2021.
• Adjusted EBITDA increased to $290M from $211M in 2021.
• Adjusted Free Cash Flow per share increased to $0.28 from $0.15 in 2021.
• Free Cash Flow per share increased to $0.19 from $0.05 in 2021.
• Management is re-affirming its full-year expectations for Adjusted EBITDA, Adjusted Free Cash Flow and Free Cash Flow per share.
• For 2022, Adjusted EBITDA is expected to be in the range of $1.25 billion to $1.35 billion, Adjusted Free Cash Flow per share is expected to be in the range of $1.85 to $2.05 and Free Cash Flow per share is expected to be in the range of $1.40 to $1.60.

For further details see: