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Polaris Infras J (TSE:PIF)
TSX:PIF
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.07Last Year’s EPS
0.3Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -4.51%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed performance for Polaris Renewable Energy. Key highlights included successful stabilization in Nicaragua, improved solar efficiency in the Dominican Republic, and strategic expansion in Puerto Rico. However, challenges were noted with overall revenue and earnings declines, decreased cash flow, and production challenges in Ecuador and Panama. While there are promising growth projects and financial strategies in place, the financial metrics indicate areas of concern.Company Guidance
During the Polaris Renewable Energy Inc. Fourth Quarter 2024 Conference Call, key metrics were discussed, highlighting the company's financial and operational performance. The consolidated power production for 2024 was 764,756 megawatt hours, down from 800,951 megawatt hours in 2023, while Q4 production increased slightly to 195,797 megawatt hours from 192,820 megawatt hours in the previous year. The company reported a full-year revenue of $75.8 million, a decrease from $78.5 million in 2023, and net earnings of $3 million compared to $11.7 million the previous year. Adjusted EBITDA stood at $55 million, down from $57.7 million in 2023. Cash from operating activities fell to $35.1 million from $44 million in 2023, while cash used in investing activities decreased to $3.3 million from $11.4 million. Financing activities generated $27.7 million, mainly due to a $175 million green bond issuance. The call also mentioned a quarterly dividend of $0.15 per share to be paid on February 28, 2025, and prospects for future growth, including the acquisition of Punta Lima Wind Farm and potential grid storage projects in Puerto Rico.Nicaragua Power Production Increase
Nicaragua's power production increased in Q4 2024, showing significant stabilization with steam production up year-over-year.
Dominican Republic Solar Efficiency
The Canoa 1 solar facility in the Dominican Republic saw a 12% increase in production in Q4 2024 compared to the previous year, driven by the replacement of solar panels.
Puerto Rico Expansion Approval
Received local regulatory approval for the acquisition of Punta Lima Wind Farm in Puerto Rico, which is expected to contribute to three quarters of 2025's revenue.
Cost Management Success
Operational costs and G&A costs were reduced year-over-year despite an inflationary environment.
Green Bond Issuance
Successfully issued $175 million in green bonds, improving the company's financial position and enabling future growth projects.
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TSE:PIF 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:PIF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | C$12.41 | C$12.02 | -3.14% |
| Oct 31, 2024 | C$11.92 | C$11.60 | -2.68% |
| Aug 01, 2024 | C$12.24 | C$12.02 | -1.80% |
| May 02, 2024 | C$10.90 | C$11.27 | +3.39% |
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 Polaris Infras J (TSE:PIF) report earnings?
Polaris Infras J (TSE:PIF) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Polaris Infras J (TSE:PIF) earnings time?
Polaris Infras J (TSE:PIF) earnings time is at May 01, 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:PIF EPS forecast?
TSE:PIF EPS forecast for the fiscal quarter 2025 (Q1) is -0.07.
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