Financials
Financial Highlights
| Three Months Ended June 30, | Six Months Ended June 30, | |||
| ($ in thousands except per share amounts) | 2023 | 2022 | 2023 | 2022 |
| Revenue | – | 48,380 | – | 84,172 |
| Net income | 5,964 | 8,565 | 13,715 | 25,463 |
| Earnings per share – basic | 0.12 | 0.17 | 0.27 | 0.51 |
| Earnings per share – diluted | 0.11 | 0.15 | 0.24 | 0.42 |
| Adjusted EBITDA(1) | 8,988 | 18,781 | 20,719 | 34,674 |
| Total generation – (MWh) | – | 390,813 | – | 784,404 |
| Total fuel consumption – (GJ) | 961 | 4,119,567 | 22,507 | 8,303,475 |
| Average Alberta market power price ($ per MWh) | 159.79 | 122.47 | 150.95 | 106.32 |
| Average realized power price ($ per MWh) | – | 123.79 | – | 107.31 |
| Total net debt (1) | 36,096 | 66,515 | 36,096 | 66,515 |
| Total assets | 390,009 | 365,459 | 390,009 | 365,459 |
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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 Q2 2023 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
2022
2021
2020