Northland Power Inc (TSX:NPI.PR.C.PFD)
C$ 25.3 -0.010 (-0.04%) Market Cap: - Enterprise Value: 979.06 Mil PE Ratio: 23.08 PB Ratio: 1.42 GF Score: 78/100
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Q4 2024 Northland Power Inc (Ontario) Earnings Call Transcript

Feb 27, 2025 / 03:00PM GMT

Key Points

Positve
  • Northland Power Inc (NPIFF) achieved the high end of its 2024 financial guidance, demonstrating strong operational performance.
  • The company has a diverse global energy portfolio, including offshore wind, onshore wind, solar, battery, and natural gas, positioning it well for future growth.
  • Northland Power Inc (NPIFF) has a strong financial position with over $2.3 billion in revenues and available liquidity of over $1 billion.
  • The company is progressing well on three major construction projects, Hai Long, Baltic Power, and Oneida, which are expected to contribute significantly to future EBITDA and cash flow.
  • Northland Power Inc (NPIFF) has a strategic advantage due to its international diversification, reducing exposure to potential US tariffs and political risks.
Negative
  • The company experienced a decrease in adjusted EBITDA in Q4 2024 compared to the previous year, partly due to a one-off gain in 2023.
  • Offshore wind resources were lower than the previous year, impacting performance.
  • There was a 10-day unplanned outage at one of the German wind farms due to grid operator system upgrades.
  • Northland Power Inc (NPIFF) faces challenges with potential tariffs and changes in renewable power incentives from the US administration.
  • The company acknowledges some macroeconomic noise and sentiment affecting power energy company valuations, including Northland Power Inc (NPIFF).
Operator

Welcome to the Northland Power conference call to discuss the fourth quarter 2024 results. As a reminder, this conference is being recorded on Thursday, February 27, 2025, at 10AM Eastern. Conducting this call for Northland Power are Christine Healy, President and CEO; John Brace, Chairman and Adam Beaumont, Interim Chief Financial Officer.

Before we begin, Northlandâs management has asked me to remind listeners that all figures presented are in Canadian dollars and to caution that certain information presented and responses to questions may contain forward-looking statements that include assumptions and are subject to various risks.

Actual results may differ materially from managementâs expected or forecasted results. Please read the forward-looking statements section in yesterdayâs news release announcing Northland Powerâs results and be guided by its contents when making investment decisions or recommendations. The release is available at www.northlandpower.com. I will now turn the call over to Ms. Christine Healy.

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