Financials
Financial Highlights
| Three Months Ended March 31, | ||
| ($ in thousands except per share amounts) | 2024 | 2023 |
| Revenue | 34,768 | – |
| Net income | 10,487 | 7,751 |
| Earnings per share – basic | 0.21 | 0.15 |
| Earnings per share – diluted | 0.18 | 0.14 |
| Adjusted EBITDA(1) | 15,922 | 11,731 |
| Total generation – (MWh) | 476,531 | – |
| Total fuel consumption – (GJ) | 3,918,186 | 21,546 |
| Average Alberta market power price ($ per MWh) | 99.30 | 142.00 |
| Average realized power price ($ per MWh) | 72.96 | – |
| Total net debt (net cash) (1) | (4,425) | 30,961 |
| Total assets | 435,438 | 382,622 |
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(1) Select financial information was derived from the consolidated financial statements and is prepared in accordance with GAAP, except adjusted Earnings before Interest, Income Taxes, Depreciation and Amortization (“Adjusted EBITDA”), which is a non-GAAP measure (see Non-GAAP and other Financial Measures in the Q1 2024 Management’s Discussion and Analysis). Net debt is included in the notes to the consolidated financial statements. It is calculated to include: loans and borrowings (including the convertible loan facility) less unrestricted cash. |
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Annual Reports
2023
2022
2021