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Last C$2.45 CAD
Change Today +0.01 / 0.41%
Volume 20.2K
As of 4:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

maxim power corp (MXG) Snapshot

Open
C$2.45
Previous Close
C$2.44
Day High
C$2.45
Day Low
C$2.45
52 Week High
09/2/14 - C$3.25
52 Week Low
07/27/15 - C$2.10
Market Cap
132.8M
Average Volume 10 Days
7.9K
EPS TTM
C$-0.20
Shares Outstanding
54.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MAXIM POWER CORP (MXG)

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maxim power corp (MXG) Details

Maxim Power Corp., an independent power producer, engages in the acquisition, development, ownership, and operation of power generation facilities. It also sells electricity and heat. The company generates electricity through natural gas, coal, cogeneration, and waste heat fuelled generators. As of December 31, 2014, it owned and operated 39 power plants with 776 megawatts (MW) of electric and 1101 MW of thermal generating capacity in Alberta, the United States, and France. The company is headquartered in Calgary, Canada.

maxim power corp (MXG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$308.1K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$234.0K
President of Comax France SAS
Total Annual Compensation: C$256.7K
Vice President of Corporate Development
Total Annual Compensation: C$222.8K
Vice President of Canadian Facilities
Total Annual Compensation: C$174.6K
Compensation as of Fiscal Year 2014.

maxim power corp (MXG) Key Developments

Maxim Power Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Maxim Power Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's revenue was CAD 23,027,000 compared with CAD 19,138,000 a year ago. Adjusted EBITDA was CAD 7,025,000 compared with adjusted LBITDA of CAD 3,604,000 a year ago. Adjusted net income was CAD 18,000 or CAD 0.00 per basic and diluted share compared with adjusted net loss of CAD 4,566,000 or CAD 0.08 per basic and diluted share a year ago. Net income attributable to shareholders was CAD 2,581,000 or CAD 0.05 per basic and diluted share compared with net loss of CAD 4,325,000 or CAD 0.08 per basic and diluted share a year ago. FFO was CAD 3,455,000 or CAD 0.06 per basic and diluted share compared with negative FFO of CAD 3,922,000 or CAD 0.07 per basic and diluted share a year ago. During the second quarter of 2015, revenue, adjusted EBITDA, adjusted net income, net income attributable to shareholders and FFO have increased when compared to the same quarter in 2014. The increase in these financial measures is primarily due to higher realized power prices at HR Milner generating facility ("M1") and higher generation in the Northeastern U.S. The increases in adjusted net income, net income attributable to shareholders and FFO were partially offset by costs incurred in the restructuring of Alberta operations. EBITDA was CAD 7 million, which is an increase of CAD 10.6 million over a negative EBITDA of CAD 3.6 million reported for the second quarter of 2014. The primary driver of this increase was improvements in Alberta power prices coupled with the impact of the Alberta cost reduction initiatives. The book value of shareholders equity is CAD 5.01 at the end of the quarter, which is an increase of CAD 0.09 since January 1 of the year. For the six months, the company's revenue was CAD 70,548,000 compared with CAD 88,270,000 a year ago. Adjusted EBITDA was CAD 13,621,000 compared to CAD 12,969,000 a year ago. Adjusted net loss was CAD 6,135,000 or CAD 0.11 per basic and diluted share compared with adjusted net loss of CAD 838,000 or CAD 0.01 per basic and diluted share a year ago. Net loss attributable to shareholders was CAD 3,346,000 or CAD 0.06 per basic and diluted share compared with net loss of CAD 838,000 or CAD 0.01 per basic and diluted share a year ago. FFO was CAD 8,440,000 or CAD 0.16 per basic and diluted share compared with CAD 11,079,000 or CAD 0.20 per basic and diluted share a year ago. On a year-to-date basis, revenue, adjusted net income, net income attributable to shareholders and FFO decreased in 2015 when compared to 2014. The decrease in these financial measures is primarily due to lower generation in Alberta as a result of suppressed market prices, lower realized Northeast U.S. power prices and lower revenue in France in the first quarter. Adjusted net income, net income attributable to shareholders and FFO also decreased as a result of costs incurred in the restructuring of Alberta operations. Net debt increased CAD 9.6 million.

Maxim Power Corp., Q2 2015 Earnings Call, Aug 07, 2015

Maxim Power Corp., Q2 2015 Earnings Call, Aug 07, 2015

Maxim Power Corp. Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015

Maxim Power Corp. reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of CAD 47,521,000 compared to CAD 69,132,000 a year ago. Adjusted EBITDA was CAD 6,596,000 compared to CAD 16,573,000 a year ago. Adjusted net loss was CAD 6,153,000 or CAD 0.11 compared to adjusted net income of CAD 3,815,000 or CAD 0.07 a year ago. Net loss attributable to shareholders was CAD 5,927,000 or CAD 0.11 per basic and diluted share compared to net income attributable to shareholders of CAD 3,487,000 or CAD 0.06 per basic and diluted share a year ago. FFO was CAD 4,985,000 or CAD 0.09 compared to CAD 15, 001,000 or CAD 0.28 per basic and diluted share a year ago. EBITDA was CAD 6.6 million against of CAD 16.6 million for the first quarter of 2014, which is a decline of CAD 10 million year-over-year. The book value of shareholders' equity was CAD 4.97 a share at the end of the quarter, which is an increase of about CAD 0.05 compared to the value at January 1, primarily due to the impact of stronger USD on the value of U.S. investments. Net debt was CAD 35 million. For the quarter, the company reported electricity deliveries of 238,049,000 (MWh) compared to 338,221,000(MWh) a year ago. Net Generation capacity was 778,000(MW) compared to 785,000(MW) a year ago.

 

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Industry Analysis

MXG

Industry Average

Valuation MXG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 0.5x
Price/Cash Flow 11.5x
TEV/Sales 0.5x
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