Northland Power beats Q3 revenue estimates, reduces annual dividend

Northland Power (Ontario)

13/11/2025 08:44

Overview

Northland Q3 revenue grows 13% yr/yr, beating analyst expectations

Company reports Q3 net loss of C$456 mln, up from last year

Adjusted EBITDA for Q3 misses analyst estimates

Northland reduces annual dividend to C$0.72 per share for growth flexibility

Outlook

Northland Power maintains 2025 Adjusted EBITDA guidance of C$1.2 bln to C$1.3 bln

Company expects Free Cash Flow per share between C$1.15 and C$1.35 in 2025

Slower turbine commissioning at Hai Long may impact future revenues by C$150-200 mln

Result Drivers

OFFSHORE WIND PRODUCTION - Increased production from offshore wind facilities drove higher energy sales revenue

HAI LONG COMMISSIONING DELAY - Northland continues to advance the 1.0 GW Hai Long project, installing more than half of the wind turbines and completing installation of export cables

DIVIDEND ADJUSTMENT - Co adjusts dividend to C$0.72 per share annually to support growth flexibility

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
C$554.48 mln
C$527.50 mln (2 Analysts)
Q3 Net Income
-C$455.84 mln
Q3 Adjusted EBITDA
Miss
C$256.96 mln
C$272.80 mln (7 Analysts)
Q3 Adjusted Free Cash Flow
C$44.98 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the independent power producers peer group is "buy"

Wall Street's median 12-month price target for Northland Power Inc (Ontario) is C$28.00, about 10.5% above its November 12 closing price of C$25.07

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nGNX78Wj4V

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)