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Innergex Renewable Energy (TSE:INE)
:INE
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.11Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 10.65%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong overall performance with key financial objectives exceeded, several successful project completions, and positive growth in the development pipeline. However, production challenges in some regions and concerns about tariffs and share price impact were noted. The company maintains a positive outlook for 2025 with increased financial guidance and strategic plans to address current lowlights.Company Guidance
During Innergex Renewable Energy's 2024 Fourth Quarter and Year-End Results Conference Call, the company provided several key metrics and guidance for 2025. Innergex reported a robust EBITDA of $761 million for 2024, exceeding its guidance, and achieved a free cash flow per share of $1.06, surpassing expectations. The availability of its assets was maintained over 96% of the time. The Boswell Springs project, a 330 megawatt wind farm in Wyoming, was successfully completed and is now under a 30-year PPA contract. Looking ahead, Innergex expects its 2025 adjusted EBITDA to range from $825 million to $875 million, reflecting a 13% growth compared to 2024 guidance. The company anticipates a free cash flow per share of $0.75 to $0.95, a 10% increase at the midpoint from the previous year. Key assumptions for 2025 include production expectations aligning with long-term averages and asset availability at approximately 95%.Exceeded Financial Objectives
Innergex achieved $761 million of EBITDA and exceeded free cash flow per share guidance at $1.06, demonstrating strong financial performance and portfolio resilience.
Successful Project Completions
Boswell project delivered on time, adding 330 megawatts of wind capacity in Wyoming under a long-term PPA contract.
Strong Growth in Development Portfolio
Secured three projects in BC with long-term PPAs and 360 gigawatts of TPA in Chile, expanding the portfolio significantly.
Record RFP Wins in Canada
Achieved the highest number of RFP wins in Canada, leveraging long-term partnerships with First Nations and communities.
Increased Liquidity and Financial Flexibility
Completed $450 million of project financing and achieved over $700 million in liquidity.
Positive 2025 Guidance
Expecting adjusted EBITDA proportionate of $825-875 million and free cash flow per share increase of 10% year over year.
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TSE:INE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:INE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | C$7.70 | C$8.52 | +10.65% |
| Nov 06, 2024 | C$8.90 | C$8.74 | -1.80% |
| Aug 07, 2024 | C$8.92 | C$9.50 | +6.50% |
| May 08, 2024 | C$8.31 | C$8.33 | +0.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Innergex Renewable Energy (TSE:INE) report earnings?
Innergex Renewable Energy (TSE:INE) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Innergex Renewable Energy (TSE:INE) earnings time?
Innergex Renewable Energy (TSE:INE) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:INE EPS forecast?
TSE:INE EPS forecast for the fiscal quarter 2025 (Q1) is -0.05.
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