Financials

Financial Highlights

Three Months Ended December 31, Twelve Months Ended December 31,
($ in thousands except per share amounts) 2022 2021 2022 2021
Revenue 37,418 141,263 156,014
Net income (loss) (7,156) 4,402 42,277 78,509
Earnings (loss) per share – basic (0.14) 0.09 0.84 1.57
Earnings (loss) per share – diluted (0.14) 0.08 0.72 1.28
Adjusted EBITDA(1) 1,697 16,915 76,110 68,418
Total generation – (MWh) 317,813 1,064,693 1,449,915
Total fuel consumption – (GJ) 17,878 3,366,505 11,264,897 15,491,739
Average Alberta market power price ($ per MWh) 213.92 107.31 162.46 101.93
Average realized power price ($ per MWh) 117.74 132.68 107.60
Loans and borrowings 82,673 53,650 82,673 53,650
Net debt (1) 31,295 40,100 31,295 40,100
Total assets 382,109 312,437 382,109 312,437

(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 2022 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.

 

 

Quarterly Reports

2022 Q1 Q2 Q3
2021 Q1 Q2 Q3
2020 Q1 Q2 Q3

Disclaimer