Northland Power Inc. reported strong financial results for the third quarter of 2025, with revenue from energy sales at $554 million and a net loss of $456 million. Construction of offshore wind projects continues, with the Hai Long project facing slower turbine commissioning. The Board of Directors adjusted the dividend to $0.72 per share annually.

Despite slower turbine commissioning, the Hai Long offshore wind project remains on track for full commercial operations in 2027. The Baltic Power project is also progressing well, with both substations installed. Adjusted EBITDA for the quarter was $257 million, showing an increase primarily from higher production levels.

Free Cash Flow for the same quarter was $45 million, a 131% increase from the previous year. The increase was mainly due to higher Adjusted EBITDA and positive impacts from foreign exchange hedges. Northland’s 2025 financial outlook remains unchanged, with expected Adjusted EBITDA of $1.2 billion to $1.3 billion and Free Cash Flow per share between $1.15 to $1.35.

Northland continues to focus on delivering key milestones across its construction portfolio to enhance production capacity. The company is pursuing opportunities in offshore wind, onshore renewables, battery storage, and natural gas to capitalize on growing demand for electricity and energy security. The company’s Common Shares and Preferred Shares trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, and NPI.PR.B.

Read more at GlobeNewswire: Northland Power Reports Third Quarter 2025 Results