Increase in Energy Production
Third quarter consolidated energy production totaled 181,235 megawatt hours, an increase from 168,639 megawatt hours in the same period last year. Year-to-date production increased by 8%.
Revenue Growth
Revenue for the third quarter was $19 million, representing an 8% increase from Q3 2024. Year-to-date revenue was $60.9 million, up from $56.9 million in the 2024 comparative period.
Strong Hydroelectric Performance
Hydroelectric projects in Peru and Ecuador performed exceptionally well, with hydro output increasing by 44% and 24% respectively.
Successful Integration of Puerto Rican Wind Operations
The Punta Lima wind farm in Puerto Rico, acquired in March, contributed additional production, enhancing the company's portfolio.
Solid Financial Metrics
Adjusted EBITDA increased to $12.8 million for the quarter from $12.4 million last year. Year-to-date adjusted EBITDA was $43.2 million, a 4% increase from last year.