Altius Renewable Royalties Reports Q4 2023 Expected Proportionate Royalty Revenue(1) of US$1.3 million, Full Year of US$5.2 million
- None.
- GBR's royalty revenue of $10.4 million for 2023 fell short of the guidance of $11.5 million to $13.5 million due to a delayed escrow release from Titan Solar.
All $ references in US unless otherwise indicated
ST. JOHN’S,
These amounts reflect ARR’s
Frank Getman, CEO of GBR, commented, “GBR had a successful 2023, entering into a new
Q4 and Year End 2023 Financial Results Conference Call and Webcast Details
Financial results will be announced by press release Wednesday March 6, 2024 after the close of trading. A conference call and webcast will be held on Thursday March 7, 2024 at 9:00 am ET to provide a discussion of the business and outlook and to offer an open Q&A session for analysts and investors. Access details are as follows:
Date and time: Thursday March 7, 2024, 9 am ET
Toll Free Dial-In Number: (+1) 888 886 7786
International Dial-In Number: (+1) 416 764 8658
Conference Call Title and ID: Altius Renewable Royalties Q4 2023 Financial Results, ID 82295734
Webcast Link: ARR Q4 2023
Non-GAAP financial measures
(1) Proportionate royalty revenue is a non-GAAP financial measure. Management uses non-GAAP financial measures to monitor the financial performance of the Corporation and believes these measures enable investors and analysts to compare the Corporation’s financial performance with its competitors and/or evaluate the results of its underlying business. These measures are intended to provide additional information, not to replace International Financial Reporting Standards (IFRS) measures, and do not have a standard definition under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. As these measures do not have a standardized meaning, they may not be comparable to similar measures provided by other companies. Further information on the composition and usefulness of each non-GAAP financial measure, including reconciliation to their most directly comparable IFRS measures, is included in the non-GAAP financial measures section of our MD&A, which are available at https://www.arr.energy
About ARR
ARR is a renewable energy royalty company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators. ARR has 33 renewable energy royalties representing approximately 1.9 GW of renewable power on operating projects and an additional approximate 6.0 GW on projects in development phase, across several regional power pools in the
Forward-looking information
This news release contains forward-looking information. The statements are based on reasonable assumptions and expectations of management and ARR provides no assurance that actual events will meet management's expectations. In certain cases, forward-looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although ARR believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Readers should not place undue reliance on forward-looking information. ARR does not undertake to update any forward-looking information contained herein except in accordance with securities regulation.
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Flora Wood
Flora@arr.energy
1.877.576.2209
Direct: 1.416.346.9020
Ben Lewis
Ben@arr.energy
1.877.576.2209
Source: Altius Renewable Royalties Corp.
FAQ
What is Altius Renewable Royalties Corp.'s expected Q4 2023 proportionate royalty revenue?
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