Atlantic Power Corporation Income Statement 2020-2011 | AT

Brief overview of income trends at Atlantic Power Corporation

The conclusions below are based on five years of reported results. Atlantic Power Corporation reported revenue of 420 million dollars in 2015 and 272 million dollars by 2020. Overall revenue changed by −35.3%, equal to an annualized rate of about −8.3%. The negative rate indicates weakening core operations.

Gross profit changed from $152 million to $112 million (−26.4%). At the margin level, the figure shifted from 36.1% to 41%. The expansion indicates stronger pricing power or better control of direct costs.

EBITDA was 121 million dollars at the beginning and 86.8 million dollars at the end of the period (−28.3%). The operating result changed at a rate similar to sales. Comparing the endpoints gives EBITDA margins of 28.8% and 31.9%. The company improved its ability to convert sales into EBITDA.

Comparing the endpoints shows a move from −$53.6 million to $73.5 million. A negative result turned positive over the five years.

Over the period, capitalization shifted from $228 million to $281 thousand (−99.9%). Financial performance is stronger than the share-price trend.

Summary assessment

The five-year picture requires weighing both strengths and weaknesses. The strongest signals are a stronger final result, improving gross profitability and higher operating efficiency. The weaker side of the profile includes a weaker market valuation and a softer top-line trend. The key question is whether sales can be converted into sustainable profit.