Northland Power Q2 2026 adjusted EBITDA rises on Hai Long pre-completion revenue, offsetting weaker offshore wind output
Reuters2026/08/13 23:21- Northland Power posted Q2 2026 net loss of CAD 53,514,000, little changed year-on-year, despite higher Adjusted EBITDA of CAD 258,880,000.
- Adjusted EBITDA rose on pre-completion contribution from Hai Long, stronger results at EBSA and natural gas, improved Oneida storage contribution.
- Offshore wind weighed on results, reflecting weaker wind resource and Nordsee One’s stepped-down subsidy price, with lower Q2 production.
- Free Cash Flow fell to CAD 22,573,000 from CAD 58,444,000, driven by higher current taxes and weaker hedge settlements.
- Management kept 2026 outlook unchanged, forecasting Adjusted EBITDA of CAD 1.45 billion to CAD 1.65 billion, Free Cash Flow per share of CAD 1.05 to CAD 1.25.
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