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

(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.

Quarterly Reports

2023 Q1 Q2
2022 Q1 Q2 Q3
2021 Q1 Q2 Q3

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