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Northland Power Inc (NPI.TO)

NPI.TO on Toronto Stock Exchange

25.02CAD
20 Sep 2019
Change (% chg)

$0.18 (+0.72%)
Prev Close
$24.84
Open
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Volume
2,385,732
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Latest Key Developments (Source: Significant Developments)

Northland Power Announces Acquisition Of Colombian Regulated Utility Business For $1.05 Bln
Tuesday, 10 Sep 2019 

Sept 9 (Reuters) - Northland Power Inc ::NORTHLAND POWER ANNOUNCES ACQUISITION OF COLOMBIAN REGULATED UTILITY BUSINESS FOR $1.05 BILLION AND CONCURRENT $315 MILLION EQUITY FINANCING.NORTHLAND POWER INC - ACQUISITION WILL BE FUNDED INITIALLY WITH A FULLY COMMITTED 12-MONTH $1.1 BILLION BRIDGE FACILITY..NORTHLAND - EBSA DEAL GENERATES AVERAGE MID-SINGLE DIGIT ACCRETION TO FREE CASH FLOW PER SHARE DURING CURRENT PERIOD ENDING 2023.NORTHLAND POWER INC - TO PURCHASE A 99.2% INTEREST IN COLOMBIAN REGULATED UTILITY EMPRESA DE ENERGÍA DE BOYACÁ.NORTHLAND POWER INC - BASED ON SUBMITTED TARIFF, EBSA IS EXPECTED TO CONTRIBUTE ADJUSTED EBITDA IN 2020 OF APPROXIMATELY COP 255 BILLION.NORTHLAND POWER INC - INTENDS TO PERMANENTLY FINANCE ACQUISITION THROUGH $315 MILLION OF GROSS PROCEEDS IN COMMON EQUITY.NORTHLAND POWER INC - INTENDS TO PERMANENTLY FINANCE ACQUISITION THROUGH $450 TO $500 MILLION OF NON-RECOURSE DEBT FINANCING SUPPORTED BY EBSA BUSINESS.NORTHLAND POWER INC - BALANCE OF ACQUISITION WILL BE FUNDED WITH CASH ON HAND AND BORROWINGS UNDER NORTHLAND'S CORPORATE CREDIT FACILITIES.NORTHLAND POWER INC - UNDERWRITERS TO PURCHASE 12.99 MILLION SUBSCRIPTION RECEIPTS AT $24.25/SUBSCRIPTION RECEIPT.  Full Article

Northland Power Reports Q1 Net Income Of C$0.78
Thursday, 9 May 2019 

May 8 (Reuters) - Northland Power Inc ::NORTHLAND POWER REPORTS FIRST QUARTER 2019 RESULTS.Q1 SALES C$499 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$458.2 MILLION.QTRLY NET INCOME C$0.78.  Full Article

Northland Power Announces $750 Mln Secondary Offering Of Common Shares
Tuesday, 19 Mar 2019 

March 18 (Reuters) - Northland Power Inc ::NORTHLAND POWER ANNOUNCES $750 MILLION SECONDARY OFFERING OF COMMON SHARES.SAYS OFFERING PRICED AT C$23.35PER SHARE.ENTERED INTO AN AGREEMENT WITH NORTHLAND AND A SYNDICATE OF UNDERWRITERS LED BY CIBC CAPITAL MARKETS.UNDERWRITERS HAVE AGREED TO PURCHASE ON A BOUGHT DEAL BASIS AN AGGREGATE OF 32,120,000 COMMON SHARES OF CO.  Full Article

Northland Power ‍Sales Increased From $1.1 bln In 2016 To $1.4 bln In 2017​
Friday, 23 Feb 2018 

Feb 22 (Reuters) - Northland Power Inc ::NORTHLAND POWER DELIVERS EXCELLENT 2017 RESULTS WITH GROSS PROFIT UP 37% AND ADJUSTED EBITDA UP 22%.‍SALES INCREASED 25% FROM $1.1 BILLION IN 2016 TO $1.4 BILLION IN 2017​.‍IN 2018, MANAGEMENT EXPECTS ADJUSTED EBITDA TO BE IN RANGE OF $860 TO $930 MILLION​.‍IN 2018, MANAGEMENT EXPECTS FREE CASH FLOW PER SHARE TO BE IN RANGE OF $1.70 TO $2.00 PER SHARE​.QTRLY SALES $394.6 MILLION VERSUS $478.5 MILLION ‍​.  Full Article

Northland Power reports Q3 sales C$295.2 mln
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Northland Power Inc :Q3 sales C$295.2 million .Northland Power reports 23% higher third quarter gross profit and 13% higher adjusted EBITDA.Q3 revenue view C$291.7 million -- Thomson Reuters I/B/E/S.‍Continues to expect adjusted EBITDA in 2017 to be in range of $710 million to $750 million.‍Continues to expect free cash flow per share to be in range of $1.18 to $1.30 per share in 2017​.‍Board plans to increase co's dividend for first dividend payable in January 2018 by 11% to $0.10 per share monthly​.  Full Article

Northland Power to buy Colombian utility in C$1.05 billion deal

Northland Power Inc said on Monday it would buy most of Colombian utility Empresa de Energia de Boyaca (EBSA) in a deal valued at C$1.05 billion ($797.9 million), including debt.