Atlantic Power (AT) Tops Q3 EPS by 10c

Atlantic Power (NYSE: AT) reported Q3 EPS of $0.15, $0.10 better than the analyst estimate of $0.05.

"Financial results for the third quarter keep us on track to achieve our 2020 guidance, despite continued lower water flows at Curtis Palmer," said James J. Moore, Jr., President and Chief Executive Officer of Atlantic Power Corporation. "We continued to strengthen our balance sheet, repaying $19.8 million of debt during the third quarter and $61 million year to date. On the operations front, we returned our Williams Lake plant to service in August and are seeing some improvement in fuel availability. Our Cadillac plant has been operating well, and we expect to settle our insurance claim shortly. On the commercial front, we now expect another short-term extension of our Calstock Power Purchase Agreement and are exploring contracting opportunities for Oxnard for 2022."

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

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