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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.
On January 20, 2023, Atlantica Sustainable Infrastructure plc (NASDAQ: AY) was recognized for the third consecutive year as one of the World's 100 Most Sustainable Corporations by Corporate Knights, ranking #21 overall and #3 in Power Generation. This year’s index evaluated over 6,700 companies with revenues exceeding $1 billion based on 25 key performance indicators related to sustainability. Corporate Knights' CEO, Toby Heaps, emphasized the financial advantages of sustainability in business. Atlantica's CEO, Santiago Seage, expressed pride in the company’s commitment to sustainability, which is integral to their operations.
Atlantica Sustainable Infrastructure reported its financial results for the first nine months of 2022. Revenue reached $858.4 million, reflecting an 8.7% year-over-year decline. Adjusted EBITDA was $630.6 million, a 0.6% decrease from the previous year. Notably, the net loss narrowed to $9.5 million from $18.2 million in 2021. Cash available for distribution (CAFD) increased 6.2% to $179.0 million. The Board approved a quarterly dividend of $0.445 per share. Atlantica also committed $150 million to new equity investments, including battery storage projects.
Atlantica Sustainable Infrastructure (NASDAQ: AY) will report its third-quarter 2022 financial results before the market opens on November 9, 2022. A conference call and webcast with CEO Santiago Seage and CFO Francisco Martinez-Davis is scheduled for 8:15 am (New York time) on the same day. Investors will have opportunities to meet with management during events on November 13-16 at various conferences in Florida, Texas, and Paris. A replay of the call will be accessible on Atlantica's website approximately two hours after its completion.
Atlantica Sustainable Infrastructure reported financial results for the first half of 2022 with revenues of $555.3 million, reflecting a 9.1% decrease year-over-year. However, on a comparable basis, revenues increased by 4.7%. Adjusted EBITDA stood at $402.3 million, a 0.5% decline year-over-year. The company turned a net profit of $4.1 million, recovering from a loss of $6.8 million in H1 2021. Cash Available for Distribution (CAFD) rose by 6.7% to $117.3 million. The Board approved a quarterly dividend of $0.445 per share.
Atlantica Sustainable Infrastructure (NASDAQ: AY) is set to release its Q2 2022 financial results on August 3, 2022, prior to market opening. A conference call, hosted by CEO Santiago Seage and CFO Francisco Martinez-Davis, will occur at 8:15 AM (New York time) on the same day. Interested participants must register to access the call and will receive dial-in numbers post-registration. Investors can also engage in meetings during upcoming conferences on August 11 and August 24. A replay of the call will be available shortly after its conclusion on Atlantica's website.
Atlantica reported its Q1 2022 financial results, with revenue at $247.5 million, a 7.7% year-over-year decline, though a 7.0% increase on a comparable basis. Adjusted EBITDA grew to $173.6 million, marking a 4.8% increase year-over-year on a comparable basis. The company achieved cash available for distribution (CAFD) of $54.4 million, representing a 6.3% rise. Notably, the net loss decreased to $12.0 million from $19.2 million in Q1 2021. A quarterly dividend of $0.44 per share was approved, and the company expects $140-150 million in equity investments for 2022.
Atlantica Sustainable Infrastructure (NASDAQ: AY) will release its Q1 2022 financial results before the market opens on May 9, 2022. CEO Santiago Seage and CFO Francisco Martinez-Davis will host a conference call at 8:15 AM (ET) that same day. Investors can listen via a live webcast on Atlantica's website. The management team will also engage in meetings with investors at major conferences in Boston, New York, and Florida from May 11 to May 16. For conference call access, participants are advised to join 20 minutes early.
Atlantica Sustainable Infrastructure reported a 19.6% revenue increase to $1,211.7 million for 2021. Adjusted EBITDA grew 3.6% to $824.4 million. However, the company experienced a net loss of $30.1 million, a significant decline from a $12.0 million profit in 2020. Operating cash flow improved by 15.4% to $505.6 million, and Cash Available for Distribution (CAFD) rose 12.4% to $225.6 million. The Board approved a quarterly dividend of $0.44 per share and set 2022 CAFD guidance between $230 million and $250 million.
Atlantica Sustainable Infrastructure (NASDAQ: AY) will release its financial results for the fiscal year 2021 after market close on February 28, 2022. A conference call with CEO Santiago Seage and CFO Francisco Martinez-Davis is scheduled for the same day at 4:15 PM ET. Investors are invited to join a live webcast and can access a replay shortly after. Additionally, management will engage with investors at various conferences on March 1 and March 2. More information will be available on Atlantica's website.
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