Northland Power (OTC) ( (NPIFF) ) has released its Q3 earnings. Here is a breakdown of the information Northland Power (OTC) presented to its investors.
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Northland Power Inc., a Canadian-owned global power producer, is dedicated to accelerating the global energy transition through its diversified energy infrastructure assets, including offshore and onshore wind, solar, battery energy storage, and natural gas. The company, headquartered in Toronto, Canada, operates in seven countries and has a significant inventory of development opportunities.
In its third-quarter 2025 earnings report, Northland Power reported strong operational results with a 96% availability rate and improvements in its European offshore wind resources. Despite a slower-than-expected commissioning of turbines at the Hai Long project, the company continues to advance its offshore wind projects, including the Baltic Power project, which remains on track for commercial operations in 2026.
Key financial highlights include a revenue increase to $554 million from energy sales, a net loss of $456 million, and an adjusted EBITDA of $257 million, reflecting a 13% increase from the previous year. The company also announced a dividend adjustment to $0.72 per share annually, aiming for greater financial flexibility for self-funded growth while maintaining an investment-grade balance sheet.
Northland Power continues to pursue growth opportunities in its core markets, focusing on offshore wind, onshore renewables, battery storage, and natural gas. The company remains committed to delivering long-term value for shareholders and plans to provide further insights into its strategy and outlook at the upcoming Investor Day.
Looking forward, Northland Power’s management maintains its 2025 financial outlook, expecting adjusted EBITDA in the range of $1.2 billion to $1.3 billion and free cash flow per share between $1.15 and $1.35. The company is poised to expand its operations and enhance production capacity upon reaching commercial operations for its ongoing projects.