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Innergex Renewable Energy (TSE:INE)
TSX:INE
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.03Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: -7.87%
|Next Earnings Date:Aug 13, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements in project commissioning, refinancing, and a robust development pipeline. However, challenges with production levels and project delays balanced the positive news, leading to a cautious but optimistic outlook.Company Guidance
In the Q3 2024 earnings call for Innergex Renewable Energy, the executives addressed several metrics and strategic initiatives. They reported an adjusted EBITDA proportionate of $196 million, which was approximately 3% lower than the previous year, largely due to production being at 87% of the long-term average. The company highlighted its ongoing projects, including a development initiative in Chile that aims to exploit arbitrage opportunities with battery energy storage systems. They also discussed the refinancing of the Portneuf hydro portfolio, which exceeded initial expectations, enhancing their financial flexibility. The company reaffirmed its full-year guidance for 2024, indicating confidence in achieving financial targets despite industry-wide challenges in wind resource generation. Additionally, Innergex focused on capital allocation, with a strong emphasis on development in British Columbia, where they submitted bids for over 500 megawatts in response to BC Hydro's call, and continued exploring growth opportunities in Canada, the U.S., and Chile.Commissioning of Innavik Hydro Facility
The Innavik hydro facility has been fully commissioned, replacing more than 90% of diesel usage in the community and producing steady electricity.
Boswell Springs Wind Farm Progress
Boswell Springs wind farm is on budget and nearing completion with over 10 out of 97 turbines fully commissioned. The project is expected to provide strong economic returns.
Successful Refinancing of Hydro Portfolio
A $108 million refinancing of the Portneuf hydro portfolio exceeded initial expectations, strengthening financial flexibility.
Battery Energy Storage Systems (BESS) in Chile
Development of 62 megawatts of battery storage with 5 hours of storage in Chile, taking advantage of high arbitrage prices.
Strong Development Pipeline
The company has secured over 500 megawatts in project bids, surpassing their goal of 400 megawatts.
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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 |
|---|---|---|---|
| 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% |
| Feb 21, 2024 | C$6.88 | C$7.44 | +8.14% |
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 Feb 19, 2025, TBA Not Confirmed.
What is Innergex Renewable Energy (TSE:INE) earnings time?
Innergex Renewable Energy (TSE:INE) earnings time is at Feb 19, 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 2024 (Q4) is -0.07.
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