Financials

financial Highlights

Three Months Ended June 30, Six Months Ended June 30,
($ in thousands except per share amounts) 2021 2020 2021 2020
Revenue 44,342 4,460 74,372 11,718
Adjusted EBITDA(1) 21,441 (1,589) 30,864 606
Net income (loss) 29,589 (1,167) 56,015 (161)
Net income (loss) per share – basic 0.59 (0.02) 1.12 (0.00)
Net income (loss) per share – diluted 0.48 (0.02) 0.91 (0.00)
Total generation – (MWh)(2) 389,101  107,501 713,591 149,802
Average Alberta market power price ($ per MWh) 104.51 29.90 100.01 48.47
Average realized power price ($ per MWh)(2) 113.96 41.48 104.22 78.22
Total net debt (3) 14,586 65,076 14,586 65,076
Total assets 295,366 241,896 295,366 241,896

(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”). 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 non-recurring income and expenses.

(2) Total generation and average realized power prices for 2021 relate to Milner 2 (“M2”) and 2020 relate to both M2 and HR Milner (“Milner”)

(3) Total net debt was derived from the consolidated financial statements to include: loans and borrowings, trade and other payables, less total current assets.

Quarterly Reports

2021 Q1 Q2
2020 Q1 Q2 Q3
2019 Q1 Q2 Q3

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