Atlantic Power (AT) Tops Q3 EPS by 10c

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Atlantic Power Corporation Releases Third Quarter 2020 Results

November 9, 2020 5:00 PM EST

DEDHAM, Mass., Nov. 9, 2020 /PRNewswire/ --  

Third Quarter 2020 Financial Results

Net income attributable to Atlantic Power of $16.2 million or $0.15 per diluted share, which increased from net income of $12.6 million or $0.10 per diluted share in Q3 2019; results in the 2020 period included a $6.2 million insurance gain at Cadillac Cash from operating activities of $27.8 million decreased from $36.4 million in Q3 2019, mostly due to an unfavorable change in working capital Project Adjusted EBITDA of $49.5 million increased slightly from $48.9 million in Q3 2019; the 2020 result included a $6.2 million insurance gain at Cadillac Repaid... More