Northland Power (TSE:NPI) reported higher first-quarter 2026 earnings and reaffirmed its full-year guidance, citing strong wind conditions in Northern Europe, high fleet availability and contributions from energy storage and projects under construction.
President and CEO Christine Healy said the company is operating against a backdrop of rising electricity demand, tightening supply and increased focus on energy security
She said those trends are supporting demand for long-term contracted power solutions that offer price certainty and reliability. “Across markets, we see a clear and consistent theme: tightening supply and growing demand, driven in part by accelerating electrification,” Healy said. She added that renewables remain “a scalable, domestically sourced, and increasingly cost-competitive solution” for energy systems. Northland owns and operates a diversified portfolio across offshore wind, onshore renewables, natural gas-fired power and grid-scale battery storage in Canada, Europe and Asia.
Healy said the company has 3.5 gigawatts of gross operating capacity and 2.2 gigawatts under construction. Adjusted EBITDA rises 18% Chief Financial Officer Jeff Hart said Northland generated first-quarter Adjusted EBITDA of CAD 427 million, up 18% from the first quarter of 2025. Net income rose to CAD 161 million from CAD 111 million a year earlier, while Free Cash Flow per share increased to CAD 0.70 from CAD 0.60.