Financials

financial Highlights

Three Months Ended March 31,
($ in thousands except per share amounts) 2021 2020
Revenue $ 30,030 $ 7,258
Adjusted EBITDA(1) 9,423 2,205
Net income 26,426 1,006
Net income per share – diluted 0.53 0.02
Total generation – (MWh)(2) 324,490 42,301
Average Alberta market power price ($ per MWh) 95.45 67.06
Average realized power price ($ per MWh)(2) 92.54 171.45
Total net debt (3) 33,991 59,598
Total assets $ 266,681 $ 227,392

(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  related to 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
2020 Q1 Q2 Q3
2019 Q1 Q2 Q3

Disclaimer