STOCK TITAN
  1. Home
  2. News
  3. ATRWF

Altius Renewable Royalties Corp. - ATRWF STOCK NEWS

Welcome to our dedicated news page for Altius Renewable Royalties (Ticker: ATRWF), a resource for investors and traders seeking the latest updates and insights on Altius Renewable Royalties.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Altius Renewable Royalties's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Altius Renewable Royalties's position in the market.

News
Altius Renewable Royalties Reports Q1 2024 Expected Proportionate Royalty Revenue(1) of US$2.5 million
Rhea-AI Summary
Altius Renewable Royalties Corp. expects to report Q1 2024 proportionate royalty revenue of $2.5 million, a significant increase from $1.0 million in Q1 2023. Revenue growth is driven by royalties from 11 operating projects, including Canyon Wind. Additional revenue comes from the Titan Solar transmission upgrade and Hexagon project sales. GBR anticipates continued growth with 895 MWs of projects under construction. The CEO highlights the attractive market conditions for future investments. A conference call and webcast will discuss financial results on May 3, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.26%
Tags
earnings
-
News
Altius Renewable Royalties Announces New MISO Interconnection Deposit Facility to Support Development Partner Hexagon Energy
Rhea-AI Summary
Altius Renewable Royalties (TSX:ARR) reports its joint venture, Great Bay Renewables, has entered into a $10.1 million interconnection support facility to assist Hexagon Energy. The facility will fund interconnection deposits for six solar projects, part of Hexagon's 7.0 GW portfolio, with Great Bay receiving future royalties.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
Tags
none
-
News
Altius Renewable Royalties Reports Q4 2023 and Year-End 2023 Financial Results
Rhea-AI Summary
Altius Renewable Royalties Corp. (ATRWF) reports strong financial results for Q4 and year-end 2023, with significant revenue and cash flow growth. The joint venture, Great Bay Renewables, saw a 44% increase in royalty revenue and 89% increase in operating cash flows. The company's net loss for 2023 was $1.1 million, with proportionate revenue of $7.9 million. ARR entered into a $30 million royalty investment with Apex Clean Energy for the Angelo Solar project in Texas. The company holds cash of $88.7 million and expects renewable royalty revenue of $13.0 to $16.0 million for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.69%
Tags
earnings
News
Altius Renewable Royalties Announces New US$30 Million Investment with Apex Clean Energy
Rhea-AI Summary
Altius Renewable Royalties (ARR) reports a $30 million royalty investment by Great Bay Renewables in Apex Clean Energy's Angelo Solar project. The project is expected to be operational in May 2024 and will be sold to Meta under an environmental attribute purchase agreement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.01%
Tags
none
-
News
Altius Renewable Royalties Reports Q4 2023 Expected Proportionate Royalty Revenue(1) of US$1.3 million, Full Year of US$5.2 million
Rhea-AI Summary
Altius Renewable Royalties Corp. expects to report Q4 2023 proportionate royalty revenue of $1.3 million, a significant increase from the $0.9 million recorded in Q4 2022. On a full year basis, proportionate royalty revenue increased to $5.2 million from $3.7 million in 2022. The company's 50% ownership interest in Great Bay Renewables contributed to these figures. However, 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. The CEO of GBR, Frank Getman, expressed optimism for 2024, citing a successful 2023 and new investment liquidity in the renewables market. The PR also announces the details of the Q4 and Year End 2023 Financial Results Conference Call and Webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.04%
Tags
earnings
-
News
Altius Renewable Royalties Reports Q3 2023 Financial Results
Rhea-AI Summary
Altius Renewable Royalties Corp. (ARR) reported its financial results for Q3 2023, with $3.9 million in royalty revenue for its joint venture Great Bay Renewables (GBR), compared to $3.2 million in Q3 2022. GBR's operating cash flows were $1.7 million in Q3 2023, down from $1.8 million in Q3 2022. For the nine months ended September 30, 2023, GBR recorded $7.8 million in royalty revenue, compared to $5.6 million in the same period in 2022. ARR reported a net loss of $0.7 million for the quarter, with proportionate revenue of $2.5 million and adjusted EBITDA of $1.5 million. The company's cash position at the end of September 2023 was $37.8 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
Tags
earnings
News
Altius Renewable Royalties Announces Closing of $247 Million Credit Facility
Rhea-AI Summary
Altius Renewable Royalties Corporation (ARR) announces that its subsidiary, Great Bay Renewables, has secured $247 million in senior secured credit financing agreements. The financing includes an initial term facility of $123.5 million, a delayed draw term facility of $100 million, and a letter of credit facility of $23 million. MUFG Bank and Natixis CIB are the lead arrangers and bookrunners. The funds will be used for closing costs, return of capital, and future royalty investments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.62%
Tags
none
-
News
Altius Renewable Royalties Reports Q3 2023 Expected Proportionate Royalty Revenue(1) of US$1.9 million
Rhea-AI Summary
Altius Renewable Royalties Corp. expects to report Q3 2023 proportionate royalty revenue of $1.9 million, reflecting a increase from the previous year. The revenue increase is attributed to higher summer temperatures and increased power demand and prices. The company remains confident in achieving its revenue guidance for 2023. Financial results will be announced on November 6, 2023, with a conference call and webcast scheduled for November 7, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.66%
Tags
earnings
-
News
Altius Renewable Royalties Reports Q2 2023 Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.14%
Tags
earnings
News
Altius Renewable Royalties Reports Q2 2023 Expected Proportionate Royalty Revenue(1) of US$1 million
Rhea-AI Summary
Altius Renewable Royalties Corp. expects to report Q2 2023 proportionate royalty revenue of $1.0 million, compared to $0.6 million in Q2 2022. The company has a 50% ownership interest in Great Bay Renewables and has seen an uptick in merchant prices recently. They have also announced an investment in Hexagon Energy, adding over 15.5 gigawatts of wind, solar, and storage development projects to their portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
earnings
Stock ATRWF logo
Altius Renewable Royalties Corp.

OTC:ATRWF

ATRWF Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

ATRWF Stock Data

200.75M
12.53M
58.96%
22.94%
Solar Electric Power Generation
Utilities
Link
Canada
St. John's