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Atlantic Power Corp (AT)

AT on New York Consolidated

2.47USD
29 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Atlantic Power qtrly loss per share $0.15
Monday, 8 Aug 2016 05:19pm EDT 

Atlantic Power Corp : Atlantic power corporation releases second quarter 2016 results . Have approximately $40 million of cash available for further debt and equity repurchases and internal or external growth investments . Expect to repay another $42 million debt in second half of year . Expects to incur maintenance expense in 2016 of approximately $45 million. . In late july morris project began a six-week maintenance outage that coincides with a scheduled turnaround at customer's facility . Impact of higher maintenance expense, lost margin during extended outage expected to be about $9 million on project adjusted ebitda in q3 . Says guidance for 2016 project adjusted ebitda is $200 to $220 million, which is unchanged . Says not provided guidance for project income or net income because of difficulty of making accurate forecasts . Says expects to have capital expenditures of approximately $8 million in 2016 . Qtrly loss per share $0.15 .Morris project outage is expected to be completed by end of august.  Full Article

Atlantic Power Corp announces quarterly December 2015 common share dividend
Friday, 13 Nov 2015 12:00pm EST 

Atlantic Power Corp:Says dividend of C$0.03 per common share will be payable on December 31 to holders of record date at the close of business on November 30.  Full Article

Atlantic Power Corp declares dividend
Friday, 14 Aug 2015 12:00pm EDT 

Atlantic Power Corp:Declares dividend of Cdn$0.03 per common share.Payable on Sept. 30, to holders of record at close of business on Aug. 31.  Full Article

Atlantic Power Corp lowers high end of prior FY 2015 EBITDA guidance
Monday, 10 Aug 2015 05:15pm EDT 

Atlantic Power Corp:Projects FY 2015 adjusted EBITDA guidance revised to a range of $200 to $215 million.FY 2015 EBITDA of $200 million - Thomson Reuters I/B/E/S.  Full Article

Atlantic Power Corp Completion of acquisition or disposition of Assets - Form 8K
Friday, 26 Jun 2015 02:28pm EDT 

Atlantic Power Corp:Says entered into a definitive agreement with TerraForm AP Acquisition Holdings, LLC, an affiliate of SunEdison, Inc. to sell the wind generation projects on June 26, the Sale was completed.Says sale by the company of 100 pct of direct membership interests in TerraForm AP Holdings, LLC was for aggregate cash proceeds of $333 mln after estimated transaction fees, transaction-related taxes and other working capital adjustments.  Full Article

Atlantic Power Corp completes the sale of its wind portfolio and announces call of its senior unsecured notes
Friday, 26 Jun 2015 02:17pm EDT 

Atlantic Power Corp:Completes its wind portfolio to an affiliate of SunEdison, Inc for cash proceeds of about $347 mln, net of closing adjustments.Says has called for redemption all of its outstanding 9.0 percent senior unsecured notes due November 2018.Says the outstanding principal amount to be redeemed is approximately $310.9 million.Deconsolidated about $249 million of project debt,$229 million of noncontrolling interest related to tax equity interests at Canadian hills.Says net proceeds to Atlantic Power from the wind sale are expected to be approximately $333 million.Notes will be redeemed in approximately thirty days at a redemption price equal to 104.50 percent of the principal amount.Says proceeds will be used to fund the redemption of the senior unsecured notes.Also deconsolidated minority ownership interests at Rockland and Canadian hills.  Full Article

Atlantic Power Corp announces quarterly June common share dividend
Friday, 15 May 2015 12:00pm EDT 

Atlantic Power Corp:Declares dividend of C$0.03 per common share.Payable on June 30.Record date as on May 29.  Full Article

Atlantic Power Corp lowers FY 2015 EBITDA guidance
Thursday, 7 May 2015 05:20pm EDT 

Atlantic Power Corp:Says FY 2015 guidance revised for wind sale and planned use of proceeds.Expects FY 2015 total company project adjusted EBITDA of $200 million to $220 million (previously $265 million to $285 million).FY 2015 EBITDA of $232 million - Thomson Reuters I/B/E/S.  Full Article

Atlantic Power Corp announces agreement for sale of its Wind Portfolio
Wednesday, 1 Apr 2015 08:00am EDT 

Atlantic Power Corp:Says an agreement (purchase agreemenT) to sell its wind generation projects to TerraForm Power Inc for cash proceeds of about $350 mln, subject to certain adjustments.In addition to receipt of about $350 mln in cash proceeds.On that basis, total enterprise value (EV) of transaction is expected to be about $837 mln, net of estimated reserves and other cash at projects at closing.  Full Article

Atlantic Power Corp declares dividend on Series 1 Shares, the Series 2 and the Series 3 Shares
Thursday, 5 Mar 2015 12:00pm EST 

Atlantic Power Corp:Declares quarterly dividends of C$0.303125 per share on its Cumulative Redeemable Preferred Shares, Series 1, C$0.348125 on its Cumulative Rate Reset Preferred Shares, Series 2 and C$0.318125 on its Cumulative Floating Rate Preferred Shares, Series 3.Payable on March 31 to shareholders of record at the close of business on March 13.  Full Article

BRIEF-Atlantic Power qtrly loss per share $0.15

* Atlantic power corporation releases second quarter 2016 results