Management has adjusted its guidance up $15 mm for FY2015 EBITDA to be in the $395 mm to $405 mm range as a result of the strong performance in 3Q15 and the ruling in favour of NPI with the OEFC. Dividend payments may exceed free cash flow due to the level of spending on growth capital and associated interest. FY2015e expects cash dividends to be 70-80% of free cash flow including the DRIP (95-105% excluding the drip). The Board and Management are committed to the current monthly dividend of $0. ....
09 Nov 2015
REPORTS STRONG 3Q15; BEATS ESTIMATES
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REPORTS STRONG 3Q15; BEATS ESTIMATES
Northland Power Inc. (NPI:TSE) | 0 0 1.8% | Mkt Cap: 3,794m
- Published:
09 Nov 2015 -
Author:
Steven I. Paget -
Pages:
3
Management has adjusted its guidance up $15 mm for FY2015 EBITDA to be in the $395 mm to $405 mm range as a result of the strong performance in 3Q15 and the ruling in favour of NPI with the OEFC. Dividend payments may exceed free cash flow due to the level of spending on growth capital and associated interest. FY2015e expects cash dividends to be 70-80% of free cash flow including the DRIP (95-105% excluding the drip). The Board and Management are committed to the current monthly dividend of $0. ....