Northland Power (TSE:NPI) Issues Quarterly Earnings Results

Northland Power (TSE:NPI) released its quarterly earnings results on Thursday. The solar energy provider reported C($0.24) EPS for the quarter, FiscalAI reports. The firm had revenue of C$2.35 million for the quarter. Northland Power had a negative net margin of 5.52% and a negative return on equity of 3.45%.

Here are the key takeaways from Northland Power’s conference call:

• 2026 guidance reaffirmed: Northland reported Q2 adjusted EBITDA of CAD 259 million, up 6% year over year, and maintained its full-year adjusted EBITDA outlook of CAD 1.45–1.65 billion and free cash flow per share guidance of CAD 1.05–1.25.
• Major offshore wind projects advanced: Baltic Power achieved first power in July, with 61 of 76 turbines installed, while Hai Long had 71 of 73 turbines installed and 59 generating power. Both projects remain on track for commercial operations, supporting a significant future increase in EBITDA and cash flow.
• Northland secured a CAD 2.4 billion financing package for Hai Long, including approximately CAD 900 million of additional funding capacity and refinancing of about CAD 1.5 billion of higher-cost debt. Management said the project is not expected to require an equity injection.
• Battery storage growth continued, with construction beginning on the 300 MW, four-hour Kamionka and Mieczysławów projects in Poland, while Alberta’s 80 MW Jurassic BESS nears commissioning. Together with projects already under construction, these initiatives represent approximately 2.5 GW of future capacity.
• Q2 free cash flow fell 60% to CAD 23 million, or CAD 0.09 per share, largely because the prior-year period included a one-time German trade tax refund. European offshore wind production was about 11% below its long-term average during the quarter, although year-to-date generation remains in line with historical averages.

Northland Power Stock Up 3.6%

Shares of NPI opened at C$21.58 on Friday. The stock has a 50 day moving average price of C$22.00 and a 200 day moving average price of C$22.00. Northland Power has a one year low of C$15.96 and a one year high of C$25.99. The company has a debt-to-equity ratio of 168.64, a quick ratio of 1.23 and a current ratio of 1.16. The stock has a market capitalization of C$5.64 billion, a price-to-earnings ratio of -37.86, a PEG ratio of 0.71 and a beta of 0.88.

Northland Power Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a dividend of $0.06 per share. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, June 30th. Northland Power’s payout ratio is presently -182.46%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NPI. Scotia raised their target price on Northland Power from C$23.00 to C$25.00 and gave the company a “sector perform” rating in a research report on Friday, May 15th. TD Securities raised Northland Power from a “hold” rating to a “strong-buy” rating in a report on Friday. Desjardins lowered their price target on Northland Power from C$23.00 to C$22.00 and set a “hold” rating on the stock in a research report on Wednesday, July 22nd. National Bank Financial raised their price objective on Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Finally, TD upgraded Northland Power from a “hold” rating to a “buy” rating and set a C$25.00 price objective for the company in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$24.90.

Northland Power Company Profile

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.