Overview
Maxim Power's dictum is to generate electricity with minimal environmental impact. The independent power producer develops, acquires, owns, and operates about 40 generation facilities in Canada, France, and the US. The company's power plants are fueled by conventional fossil fuels and alternative energy technologies. Cumulatively, the plants have about 780 MW of electric power. Maxim Power's generation portfolio is mostly comprised of
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Read More high efficiency cogeneration, clean burning natural gas, waste heat, and landfill gas fueled plants. It is selling its US operations (five plants with 446 MW of generating capacity). In 2017 it sold Maxim Power (USA), Inc. to Hull Street Energy for about $106 million.
Read Less
Read More high efficiency cogeneration, clean burning natural gas, waste heat, and landfill gas fueled plants. It is selling its US operations (five plants with 446 MW of generating capacity). In 2017 it sold Maxim Power (USA), Inc. to Hull Street Energy for about $106 million.
Read Less
M. Bruce Chernoff
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Electric Power Generation, Transmission and Distribution
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Utilities
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Electric services
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Actual
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Actual
$73.88 million
Actual
144.78%
-22.44%
$359
DEC
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Toronto:MXG
Contacts
Get in Touch with 10 Principals* and 6 Contacts
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M. Bruce ChernoffChairman of the Board and Member of the Board of Directors
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue 2024
$73.88 million
USD
Actual
1 USD = 1.3736 CAD
All financial statement data is in millions except per share data | Source: Morningstar
Cash Flow (mil) | 2024 | 2023 | 2022 |
---|---|---|---|
Net Operating Cash | $61 | $17 | $56 |
Net Investing Cash | $5 | -$23 | -$42 |
Net Financing Cash | -$68 | -$8 | $14 |
Net Change in Cash | -$2 | -$14 | $28 |
Cash at Beginning of Period | $23 | $37 | $10 |
Cash at End of Period | $22 | $23 | $37 |
Capital Expenditure | -$5 | -$20 | -$59 |
Assets (mil) | 2024 | 2023 | 2022 |
---|---|---|---|
Current Assets | |||
Cash and Cash Equivalents | $22 | $23 | $37 |
Accounts Receivable | $3 | $21 | $ |
Inventories | $ | $ | $ |
Other Current Assets | $5 | $23 | $14 |
Asset Summary | |||
Total Current Assets | $30 | $67 | $51 |
Tangible Fixed Assets | $223 | $228 | $216 |
Intangible Assets | $ | $ | $ |
Total Assets | $359 | $426 | $382 |
Liabilities (mil) | 2024 | 2023 | 2022 |
---|---|---|---|
Current Liabilities | |||
Accounts Payable | $2 | $2 | $3 |
Short-Term Debt | $ | $4 | $1 |
Other Current Liabilities | $6 | $13 | $8 |
Liability Summary | |||
Total Current Liabilities | $8 | $19 | $12 |
Long-Term Debt | $ | $56 | $59 |
Other Long-Term Liabilities | $ | $ | $0 |
Total Liabilities | $31 | $93 | $83 |
Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
---|---|---|---|
Equity | |||
Common Stock | $126 | $105 | $104 |
Retained Earnings | $95 | $102 | $82 |
Equity Summary | |||
Total Equity | $230 | $217 | $196 |
Shares Outstanding | 63,693,029 | 50,593,138 | 50,167,850 |