06:47 AM EST, 02/27/2025 (MT Newswires) -- Northland Power (NPI.TO) late on Wednesday said it swung to a profit in the fourth quarter that beat analysts' expectations.

Net income attributable to shareholders came in at $128.3 million, or $0.49 per share, compared with a loss of $285.6 million, or $1.13 per share. The FactSet consensus GAAP EPS estimate for the quarter was $0.38.

Revenue from energy sales fell to $571.9 million from $626.2 million. Adjusted EBITDA also declined to $312.1 million from $388.7 million. Northland produced 2,836 gigawatt-hours of electricity, down from 3,353 gigawatt-hours.

The company expects 2025 adjusted EBITDA at $1.3 billion to $1.4 billion. In 2024, adjusted EBITDA was $1.26 billion.