Overview
Polaris Q2 rev rises 15% yr/yr, just beating analyst expectations, per LSEG data
Adjusted EBITDA for Q2 grows, reflecting improved operational efficiency
Co maintains quarterly dividend, ends Q2 with $90.7 mln cash position
Outlook
Company expects curtailment levels to persist for the rest of the year
Polaris considers battery storage projects to enhance grid stability
Company plans to maintain its quarterly dividend
Polaris aims to pursue selective growth opportunities
Result Drivers
ENERGY PRODUCTION - 15% increase driven by Punta Lima Wind Farm acquisition and strong hydrological conditions in Peru
REVENUE GROWTH - Revenue rose to $21.6 mln, surpassing analyst expectations, attributed to increased energy production
OPERATIONAL EFFICIENCY - Adjusted EBITDA increased to $15.4 mln, reflecting improved cost management and operational efficiency
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $21.64 mln | $21.60 mln (2 Analysts) |
Q2 EPS |
| $0.1 |
|
Q2 Adjusted EBITDA |
| $15.40 mln |
|
Press Release: ID:nACSCrLsBa