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Polaris Renewable Energy posts Q2 2026 results and announces $0.15 dividend
Polaris Renewable Energy Inc. reported its second‑quarter 2026 financial and operating results. Consolidated energy generation fell to 199,130 MWh, an 8 % decline from the same quarter a year earlier, driven by curtailment in the Dominican Republic, a return to normal hydrological conditions in Peru and Ecuador, and reduced geothermal output in Nicaragua. Energy‑sales revenue dropped to US$19.935 million from US$21.642 million a year earlier. Adjusted EBITDA was US$13.7 million versus US$15.4 million in Q2 2025, and the company recorded a net loss attributable to shareholders of US$0.8 million (US$0.04 per share) after a profit of US$2.2 million the prior year. Operating cash flow for the six‑month period was US$15.0 million and cash on hand at period end was US$98.8 million. The board declared a quarterly dividend of US$0.15 per common share, classified as an eligible dividend under Canadian tax law, payable on 21 August 2026 to shareholders of record on 10 August 2026. Chief Financial Officer Alba Seisdedos and Chief Executive Officer Marc Murnaghan noted that the curtailment in the Dominican Republic reduced output by about 5,000 MWh and that geothermal production in Nicaragua declined due to the natural depletion of the steam field.
Entities
Alba Seisdedos · Marc Murnaghan · Polaris Renewable Energy Inc.
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Net loss attributable to shareholders for Q2 2026 was US$0.8 million (US$0.04 per share), versus a profit of US$2.2 million (US$0.10 per share) in Q2 2025. www.presseradar.de · www.immittelstand.de
- [● 2 SOURCES] Adjusted EBITDA for Q2 2026 was US$13.7 million, compared with US$15.4 million in Q2 2025. www.presseradar.de · www.immittelstand.de
- [● 2 SOURCES] Polaris Renewable Energy's Q2 2026 consolidated energy generation was 199,130 MWh, an 8 % decline from the prior quarter. www.presseradar.de · www.immittelstand.de
- [● 2 SOURCES] Q2 2026 revenue from energy sales was US$19.935 million, down from US$21.642 million in Q2 2025. www.presseradar.de · www.immittelstand.de
- [● 2 SOURCES] Polaris Renewable Energy Inc. declared a quarterly dividend of US$0.15 per common share. www.presse-control.de · www.technologiebox.de
- [● 2 SOURCES] Operating cash flow for the six months ended 30 June 2026 was US$15.0 million and cash on hand at period end was US$98.8 million. www.presseradar.de · www.immittelstand.de
- [● 2 SOURCES] The dividend is classified as an eligible dividend under Canadian tax law. www.presse-control.de · www.technologiebox.de
- [● 2 SOURCES] The dividend will be paid on 21 August 2026 to shareholders recorded at the close of business on 10 August 2026. www.presse-control.de · www.technologiebox.de