Atlantic Power (AT) Tops Q1 EPS by 19c

Atlantic Power (NYSE: AT) reported Q1 EPS of $0.23, $0.19 better than the analyst estimate of $0.04.

Net income attributable to Atlantic Power of $29.5 million or $0.23 per diluted share increased from $8.9 million or $0.07 per diluted share in Q1 2019; increase primarily attributable to a foreign exchange gain of $20.6 million vs. a foreign exchange loss of $5.0 million in Q1 2019.

GUIDANCE:

• Reaffirming Project Adjusted EBITDA guidance in the range of $175 million to $190 million(1)
• Reaffirming estimate of cash from operating activities (assuming working capital changes are nil) in the range of $100 million to $115 million

For earnings history and earnings-related data on Atlantic Power (AT) click here.

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