TORONTO – Shares of Northland Power Inc. dropped more than 20 per cent after the company slashed its dividend and reported its third-quarter loss more than doubled compared with a year ago.
The power producer says it will pay a total dividend of 72 cents per share on an annual basis, starting with its payment on Jan. 15 to shareholders of record on Dec. 31. The company has been paying a monthly dividend of 10 cents per share for a total of $1.20 per year.
The cut came as Northland says its net loss attributable to shareholders amounted to $412.7 million or $1.58 per diluted share for the quarter ended Sept. 30 compared with a loss of $178.2 million or 70 cents per share a year ago.
Revenue from energy sales totalled $554.5 million, up from $490.5 million in the same quarter last year
Northland says its free cash flow per share for the quarter amounted to 17 cents, up from eight cents per share a year ago.
Shares in the company were down $5.84 or 23 per cent at $19.23 in late-morning trading on the Toronto Stock Exchange.
This report by The Canadian Press was first published Nov. 13, 2025.
Companies in this story: (TSX:NPI)
