07:48 AM EST, 11/13/2025 (MT Newswires) -- Northland Power (NPI.TO) overnight Wednesday reported a wider third-quarter net loss, higher revenue from energy sales and also adjusted dividend.

The company reported a third-quarter net loss of C$455.8 million compared to a net loss of $190.7 million in the corresponding year-ago quarter.

Third-quarter revenue from energy sales was $554.5 million compared to $490.5 million in the same quarter of 2024. The consensus estimates compiled by FactSet for revenue was $526.7 million.

"Operating results were strong this quarter with availability of 96%, and the offshore wind resource in Europe improved," said Northland's President and Chief Executive Officer, Christine Healy. "Construction of our two offshore wind projects continues. Both Baltic Power offshore substations have now been installed, and all export cables are complete at Hai Long. The Hai Long project remains on track, but the commissioning of turbines has been slower than anticipated."

Northland also said that, on Nov. 12, 2025, its board of directors approved an adjustment to its dividend to $0.72 per share on an annual basis. Northland Power's annual common share dividend is currently $1.20 per share.

The change will be applicable to the dividend payment on Jan. 15, 2026, to shareholders of record on Dec. 31, 2025.

The company further said that management's 2025 financial outlook remains unchanged from the revised guidance issued on Aug. 13, including expected adjusted EBITDA in the range of $1.2 billion to $1.3 billion and free cash flow per share to be in the range of $1.15 to $1.35.