Financials

Financial Highlights

Three Months Ended September 30, Nine Months Ended September 30,
($ in thousands except per share amounts) 2022 2021 2022 2021
Revenue 57,088 44,224 141,260 118,596
Net income 23,970 18,092 49,433 74,107
Earnings per share – basic 0.48 0.36 0.99 1.49
Earnings per share – diluted 0.39 0.30 0.82 1.21
Adjusted EBITDA(1) 39,739 20,639 74,413 51,503
Total generation – (MWh) 280,290 418,511 1,064,693 1,132,102
Total fuel consumption – (GJ) 2,943,544 4,390,800 11,242,662 12,125,234
Average Alberta market power price ($ per MWh) 221.41 100.33 145.11 100.12
Average realized power price ($ per MWh) 203.68 105.67 132.68 104.76
Total net debt (1) 18,673 14,201 18,673 14,201
Total assets 390,014 296,604 390,014 296,604

(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. Total net debt was derived from the consolidated financial statements to include: loans and borrowings (including the convertible loan facility), current liabilities, other long-term liability, less total current assets.

 

 

Quarterly Reports

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

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