Northland Power management attributes Q3 2026 return to net income chiefly to absence of prior-year impairment charge

PUBT · 2d ago
Northland Power management attributes Q3 2026 return to net income chiefly to absence of prior-year impairment charge
  • Northland Power management commentary attributed third-quarter 2026 net income of CAD 201 million chiefly to the absence of prior-year impairment charges.
  • Adjusted EBITDA rose 9% to CAD 280 million, driven by Hai Long and Baltic Power contributions alongside stronger utility and natural-gas results.
  • Offshore wind EBITDA fell 25% to CAD 94 million as lower production and Nordsee One subsidy reductions weighed on revenue.
  • Free cash flow dropped 66% to CAD 15 million, reflecting weaker underlying operating earnings, financing costs, debt repayments and taxes.
  • Management maintained full-year guidance for adjusted EBITDA of CAD 1.45 billion–CAD 1.65 billion; free cash flow per share remained CAD 1.05–CAD 1.25.


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