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Atlantica Sustainable Infrastructure plc (NASDAQ: AY) is a prominent sustainable infrastructure company that owns a diversified portfolio of contracted renewable energy assets, including solar, wind, and geothermal power plants, as well as efficient natural gas & heat, transmission lines, and water assets located across North & South America, and certain markets in EMEA. Atlantica is committed to delivering sustainable energy solutions while focusing on environmental, social, and governance (ESG) goals.
Atlantica's core business revolves around owning and operating renewable energy projects that provide reliable and sustainable energy to the grid. The company has a significant presence in the renewable energy sector, with solar, wind, and geothermal power plants contributing to its substantial energy production. Key financial results for 2022 include:
- Revenue of $1,102.0 million, a 2.9% increase year-over-year on a comparable basis.
- Net cash provided by operating activities was $586.3 million, a 16.0% increase compared to 2021.
- Cash available for distribution (CAFD) increased by 5.5% to $237.9 million.
In 2023, Atlantica reported significant growth and strategic initiatives:
- Revenue for the first half of 2023 reached $554.6 million, a 1.4% increase year-over-year.
- Adjusted EBITDA for the first half of 2023 was $403.8 million, a 1.9% increase year-over-year on a comparable basis.
- Net profit for the first half of 2023 attributable to the Company was $24.7 million, compared with a net profit of $4.1 million in the first half of 2022.
Atlantica is also focused on growth through development and construction. The company has several projects under development, including PV, storage, and wind, primarily in North America. Recent achievements include the construction of Coso Batteries 1 and 2 in California, and the acquisition of wind assets in the UK.
Atlantica continues to be recognized internationally for its ESG initiatives. The company has been ranked among the World's 100 Most Sustainable Corporations, included in the Bloomberg Gender-Equality Index, and recognized by the S&P Global Sustainability Yearbook.
As part of its strategic review process, Atlantica announced in May 2024 that it entered into a definitive agreement to be acquired by Energy Capital Partners and co-investors for $22 per share in cash, valuing the company at approximately $2.555 billion. The transaction is expected to close by early 2025, subject to regulatory and shareholder approvals.
Atlantica Sustainable Infrastructure (NASDAQ: AY) announced it will release its Q1 2023 financial results on May 5, 2023, prior to market opening. The results will be accessible on Atlantica's website.
CEO Santiago Seage and CFO Francisco Martinez-Davis will conduct a conference call and webcast at 8:00 AM (New York time) the same day. Investors can also meet the management team on May 9 at the Citi 2023 Global Energy, Utilities and Climate Technology Conference in Boston, and on May 23 at the EIC 2023 Investor Conference in Florida.
The live webcast will be available on the company's site, with a replay accessible two hours post-call.
Atlantica Sustainable Infrastructure reported 2022 financial results showing a revenue of $1,102 million, a 9.1% decline year-over-year. Adjusted EBITDA was $797.1 million, down 3.3% year-over-year. However, net loss shrank to $5.4 million from $30.1 million in 2021. Operating cash flow improved by 16% to $586.3 million, with CAFD rising 5.5% to $237.9 million. For 2023, the company expects CAFD guidance of $235-$260 million and has earmarked $165-$185 million for growth investments. A strategic review is underway to enhance shareholder value, supported by its largest shareholder.
Atlantica Sustainable Infrastructure will release its 2022 financial results on March 1, 2023, before the market opens. CEO Santiago Seage and CFO Francisco Martinez-Davis will host a conference call at 8:00 am New York time the same day, with a webcast available on their website. Investors can also meet management at several upcoming conferences, including in Boston and Miami. The company is focused on sustainable infrastructure, with a diversified portfolio in renewable energy, efficient natural gas, and water assets across the Americas and EMEA.
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