Financials

financial Highlights

  Three Months Ended September 30, Nine Months Ended September 30,
($ in thousands except per share amounts)   2020   2019   2020   2019
Revenue $ 17,726 $ 8,488 $ 29,444 $ 23,363
Adjusted EBITDA(1)   5,698   2,601   6,304   782
Net income (loss)   498   2,204   337   (3,677)
Net income (loss) per share – basic and diluted $ 0.01 $ 0.04 $ 0.01 $ (0.07)
Total generation – Milner (MWh)     150,443   42,301   368,736
Total generation – M2 (MWh)(2)   349,756     457,257  
Average Alberta market power price ($ per MWh)   43.83   46.95   46.91   58.02
Average Milner realized power price ($ per MWh)     56.35   171.45   63.29
Average M2 realized power price ($ per MWh)(2)   50.68     48.52  
Total gross debt   68,688     68,688  
Total assets $ 235,915 $ 189,939 $ 235,915 $ 189,939

(1) Select financial information was derived from the unaudited condensed consolidated interim financial statements and is prepared in accordance with GAAP, except adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”). Adjusted EBITDA is provided to assist management and investors in determining the Corporation’s approximate operating cash flows before interest, income taxes, and depreciation and amortization and certain other other income and expenses.

(2) Generation and realized power prices for M2 relate to June to September 2020 only as the asset was commissioned on June 1.

Quarterly Reports

2020 Q1 Q2 Q3
2019 Q1 Q2 Q3
2018 Q1 Q2 Q3
2017 Q1 Q2 Q3

Disclaimer