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EverGen Infrastructure Corp. (TSE:EVGN)
:EVGN
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Earnings Data
Report Date
Apr 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 23, 2021
|% Change Since: -35.67%
|Next Earnings Date:Aug 30, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth and success in cost management, alongside advancements in key projects. While there were some challenges related to production and regulatory delays, the overall outlook remains positive with strong growth prospects and strategic advancements.Company Guidance
During the EverGen Infrastructure Q3 2024 earnings call, the company reported several significant metrics reflecting its financial performance and strategic progress. Fraser Valley Biogas saw a 15% quarterly increase in RNG production since its expansion, contributing to a 57% rise in revenues compared to Q3 2023. Direct operating costs rose by 18% but were 10% lower than expected, while general and administrative expenses decreased by 36% year-over-year. The adjusted EBITDA increased to $1 million from $382,000 the previous year, although net loss improved by 57%. Looking ahead, EverGen aims to achieve a $13 million EBITDA by advancing major development projects and optimizing operations, with a focus on reaching nameplate capacity at Fraser Valley Biogas and progressing projects like GrowTEC and Pacific Coast Renewables.Significant Revenue Increase
Reported a 57% increase in revenues compared to Q3 2023, driven by increased organic waste volumes and improved pricing.
Adjusted EBITDA Growth
Adjusted EBITDA increased to $1 million for Q3 2024, up from $382,000 last year.
Cost Management Success
Direct operating costs increased by only 18% and were 10% lower than expectations. G&A expenses decreased by 36% compared to last year.
Fraser Valley Biogas Production Increase
Fraser Valley Biogas saw a 15% quarterly increase in RNG production since expansion.
Progress in Development Projects
Significant headway made at GrowTEC with Phase 2 rescope to increase capacity, and nearing FID at Pacific Coast Renewables.
Insurance Premium Reduction
Insurance premiums expected to decrease by 40% due to improved claims history.
Strong Position for Future Growth
Fully funded to achieve $13 million EBITDA, with ongoing advancements in greenfield projects and potential new projects.
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TSE:EVGN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:EVGN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | C$1.71 | C$1.69 | -1.17% |
| Aug 21, 2024 | C$2.10 | C$2.16 | +2.86% |
| May 28, 2024 | C$1.99 | C$1.96 | -1.51% |
| Apr 22, 2024 | C$2.19 | C$2.21 | +0.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does EverGen Infrastructure Corp. (TSE:EVGN) report earnings?
EverGen Infrastructure Corp. (TSE:EVGN) is schdueled to report earning on Apr 17, 2025, TBA Not Confirmed.
What is EverGen Infrastructure Corp. (TSE:EVGN) earnings time?
EverGen Infrastructure Corp. (TSE:EVGN) earnings time is at Apr 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:EVGN EPS forecast?
Currently, no data Available
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