Innergex Renewable Energy Q3 2024 Earnings Report

Innergex Renewable Energy EPS Results

• Actual EPS: $0.03
• Consensus EPS: $0.02
• Beat/Miss: Beat by +$0.01
• One Year Ago EPS: N/A

Innergex Renewable Energy Revenue Results

• Actual Revenue: $179.04 million
• Expected Revenue: $192.68 million
• Beat/Miss: Missed by -$13.64 million
• YoY Revenue Growth: N/A

Innergex Renewable Energy Announcement Details

• Quarter: Q3 2024
• Date: 11/6/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Innergex Renewable Energy (OTCMKTS:INGXF) is a Canadian independent power producer focused on the development, ownership and operation of renewable energy facilities. The company’s core activities span hydroelectric, wind and solar power plants, as well as battery energy storage systems. Through long-term power purchase agreements, Innergex supplies clean electricity to utilities, municipalities and industrial customers, contributing to the transition away from fossil-fuel generation.

Founded in 1990 and headquartered in Longueuil, Québec, Innergex has built a diversified portfolio of renewable assets across multiple jurisdictions. In Canada, the company operates facilities in British Columbia, Québec and Ontario. Outside North America, Innergex maintains interests in wind farms in France and hydroelectric operations in Iceland. This geographic diversification helps balance seasonal and regional variability in energy production.

Innergex pursues steady growth through project development and selective acquisitions, leveraging in-house expertise in site selection, engineering and environmental assessment. The company emphasizes long-term partnerships and stable cash flows underpinned by fixed-price contracts. By reinvesting earnings into new renewable projects, Innergex aims to expand its installed capacity while supporting global decarbonization goals.