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BRIEF-Northland Power Reports Q4 Basic Earnings Per Share $0.23

Published 2020-02-25, 09:13 p/m
BRIEF-Northland Power Reports Q4 Basic Earnings Per Share $0.23

Feb 25 (Reuters) - Northland Power Inc NPI.TO :

* NORTHLAND POWER REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS

* SEES FY 2019 EARNINGS PER SHARE C$1.65 TO C$1.80

* Q4 SALES INCREASED 7% TO $1,659 MILLION FROM $1,556 MILLION IN 2018

* Q4 SALES INCREASED 7% TO $1,659 MILLION FROM $1,556 MILLION IN 2018

* FREE CASH FLOW OF $67 MILLION FOR Q4 OF 2019 WAS 24% OR $21 MILLION LOWER THAN Q4 OF 2018

* FREE CASH FLOW OF $67 MILLION FOR Q4 OF 2019 WAS 24% OR $21 MILLION LOWER THAN Q4 OF 2018

* IN 2020, MANAGEMENT EXPECTS ADJUSTED EBITDA TO BE IN RANGE OF $1.1 BILLION TO $1.2 BILLION

* IN 2020, MANAGEMENT EXPECTS ADJUSTED EBITDA TO BE IN RANGE OF $1.1 BILLION TO $1.2 BILLION

* NORTHLAND POWER -IMPAIRMENT OF PROPERTY, PLANT & EQUIPMENT OF $98 MILLION WAS RECORDED IN THE QUARTER

* NORTHLAND POWER -IMPAIRMENT OF PROPERTY, PLANT & EQUIPMENT OF $98 MILLION WAS RECORDED IN THE QUARTER

* IN 2020, MANAGEMENT EXPECTS FREE CASH FLOW PER SHARE TO BE IN RANGE OF $1.70 TO $2.05 PER SHARE

* IN 2020, MANAGEMENT EXPECTS FREE CASH FLOW PER SHARE TO BE IN RANGE OF $1.70 TO $2.05 PER SHARE

* QTRLY BASIC EARNINGS PER SHARE $0.23

* QTRLY BASIC EARNINGS PER SHARE $0.23

* QTRLY ELECTRICITY PRODUCTION 2,666 GWH VERSUS 2,359 GWH

* QTRLY ELECTRICITY PRODUCTION 2,666 GWH VERSUS 2,359 GWH

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