Altius Renewable Royalties’ Strong Q1 Revenue Surge

Altius Renewable Royalties Corp. (TSE:ARR) has released an update.

Altius Renewable Royalties Corp. reported a vibrant start to 2024 with a significant increase in their joint venture Great Bay Renewables’ royalty revenue, which soared 145% to $4.9 million compared to the previous year. Despite a marginal net loss of $0.2 million, the company saw a marked improvement in proportionate revenue and adjusted EBITDA. The quarter’s results were bolstered by non-recurring revenue from a solar project transaction and an escrow release related to solar transmission upgrades.

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