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Pattern Energy Group

OverviewSuggest Edit

Pattern Energy is an independent power company that owns and operates wind & solar power facilities around the world. The Company has a portfolio of 20 renewable energy facilities, including one project it has agreed to acquire.

TypePublic
Founded2012
HQSan Francisco, USMap
Websitepatternenergy.com
Employee Ratings3.6More
View Jobs (11)

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Latest Updates

Employees (est.) (Dec 2018)209
Job Openings11
Revenue (FY, 2018)$483 M(+18%)
Share Price (Nov 2019)$27.5 (-1%)

Key People/Management at Pattern Energy Group

Michael Garland

Michael Garland

President and Chief Executive Officer
Hunter Armistead

Hunter Armistead

Executive Vice President, Business Development
Daniel Elkort

Daniel Elkort

Executive Vice President and Chief Legal Officer
Michael Lyon

Michael Lyon

CFO
Esben Pedersen

Esben Pedersen

Chief Investment Officer
Christopher Shugart

Christopher Shugart

Senior VP, Corporate Operations
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Pattern Energy Group Office Locations

Pattern Energy Group has offices in San Francisco, Houston and Toronto
San Francisco, US (HQ)
1088 Sansome St, San Francisco
Houston, US
Total Plaza, 1201 Louisiana St #3200
Toronto, CA
100 Simcoe St
Show all (3)

Pattern Energy Group Financials and Metrics

Pattern Energy Group Revenue

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Pattern Energy Group's revenue was reported to be $483 m in FY, 2018
USD

Revenue (Q3, 2019)

119.0m

Gross profit (Q3, 2019)

(3.0m)

Gross profit margin (Q3, 2019), %

(2.5%)

Net income (Q3, 2019)

(51.0m)

EBIT (Q3, 2019)

(32.0m)

Market capitalization (29-Nov-2019)

2.7b

Closing stock price (29-Nov-2019)

27.5

Cash (30-Sept-2019)

106.0m

EV

5.2b
Pattern Energy Group's current market capitalization is $2.7 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

201.6m265.5m329.8m354.1m411.3m483.0m

Revenue growth, %

32%24%7%

Cost of goods sold

140.9m182.2m258.0m303.3m348.7m419.0m

Gross profit

60.7m83.3m71.8m50.7m62.7m64.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

49.5m65.0m71.5m64.9m84.7m89.7m87.6m93.4m91.9m100.8m107.8m92.0m111.7m139.9m118.4m135.0m140.0m119.0m

Cost of goods sold

37.3m38.0m53.9m54.3m62.3m67.4m75.7m77.0m75.1m72.9m86.6m93.7m97.2m96.3m98.2m129.0m123.0m122.0m

Gross profit

12.3m27.0m17.7m10.6m22.3m22.3m12.0m16.4m16.8m27.9m21.1m(1.7m)14.5m43.7m20.2m6.0m17.0m(3.0m)

Gross profit Margin, %

25%42%25%16%26%25%14%18%18%28%20%(2%)13%31%17%4%12%(3%)
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Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

103.6m101.7m94.8m83.9m116.8m101.0m

Accounts Receivable

21.0m35.8m45.3m80.1k54.9m50.0m

Prepaid Expenses

13.9m28.0m14.5m17.8m18.0m

Inventories

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

557.0k100.3m234.0m230.7m243.3m82.9m103.2m90.6m87.6m65.7m244.7m162.6m91.1m162.1m116.5m125.7m93.0m124.0m106.0m

Accounts Receivable

27.1m40.6m31.8m35.0m48.4m37.5m42.3m49.3m39.4m46.0m48.3m49.0m62.9m74.0m68.0m65.0m

Prepaid Expenses

9.9m10.9m18.0m14.3m26.0m23.6m13.2m11.1m15.5m12.9m11.8m18.4m17.7m13.0m13.0m16.0m

Current Assets

150.2m299.4m295.3m322.7m206.4m208.0m247.9m241.1m209.5m385.9m304.1m239.5m315.1m551.3m240.2m222.0m240.0m241.0m
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Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

10.1m(40.0m)(55.6m)(52.3m)(82.4m)(69.0m)

Depreciation and Amortization

83.2m104.4m143.4m174.5m198.6m280.0m

Accounts Payable

3.0m3.7m4.7m(2.5m)17.6m3.0m

Cash From Operating Activities

78.2m110.4m117.8m163.7m217.6m279.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(2.3m)(21.9m)(14.7m)(24.0m)(22.1m)(16.4m)(51.7m)(29.0m)(44.7m)(55.7m)2.5m(12.1m)(60.5m)(12.6m)(14.4m)(45.9m)(46.0m)(76.0m)(147.0m)

Depreciation and Amortization

21.2m42.5m72.5m29.1m43.4m87.1m130.8m43.7m92.3m144.6m55.5m110.4m187.7m90.0m174.0m489.0m

Accounts Payable

(5.0m)348.0k1.5m(688.0k)615.0k4.2m(18.7m)(9.6m)(2.7m)(4.4m)31.0m16.4m(18.7m)15.0m(12.0m)(6.0m)

Cash From Operating Activities

(2.3m)16.4m60.8m83.9m16.2m48.6m83.3m14.7m69.0m105.4m43.8m157.2m159.3m27.8m123.5m230.5m8.0m75.0m118.0m
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USDY, 2019

EV/EBIT

-161.3 x

EV/CFO

43.8 x

Financial Leverage

3 x
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Pattern Energy Group Online and Social Media Presence

Pattern Energy Group's Trends

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Pattern Energy Group Blogs

November 04, 2019

Pattern Energy Reports Third Quarter 2019 Financial Results

- Declares dividend of $0.4220 per Class A common share for fourth quarter 2019 - SAN FRANCISCO , Nov. 4, 2019 /PRNewswire/ -- Pattern Energy Group Inc. (the "Company" or " Pattern Energy ") (NASDAQ & TSX: PEGI) today announced its financial results for the 2019 third quarter.
November 04, 2019

Pattern Energy Enters Agreement to be Acquired by Canada Pension Plan Investment Board

Pattern Energy Shareholders to Receive $26.75 per Share in Cash; Transaction Enterprise Value of Approximately $6.1 Billion Canada Pension Plan Investment Board and Riverstone Holdings to Combine Pattern Energy and Pattern Development into an Integrated Renewable Energy Company Transaction Expected
October 15, 2019

Pattern Development and Henvey Inlet First Nation Complete Largest First Nation Wind Project in Canada

Largest single-phase wind facility in Canada is now generating clean power for 100,000 homes PICKEREL, Ontario , Oct. 15, 2019 /PRNewswire/ -- Pattern Energy Group LP (" Pattern Development ") and Nigig Power Corporation today announced completion of the 300-megawatt (MW) Henvey Inlet Wind power
October 11, 2019

Pattern Energy Announces Agreements to Acquire Henvey Inlet and Grady Wind Facilities

- Entered into an Agreement for a $260 Million Private Placement of Series A Preferred Stock to Fund Acquisitions - SAN FRANCISCO , Oct. 11, 2019 /PRNewswire/ -- Pattern Energy Group Inc. (NASDAQ and TSX: PEGI) (" Pattern Energy " or the "Company") today announced agreements to acquire ownership
October 02, 2019

Pattern Energy Publishes Inaugural Sustainability Report

Pattern Energy Publishes Inaugural Sustainability Report Content Import Wed, 10/02/2019 - 06:00 Pattern Energy Publishes Inaugural Sustainability Report October 2, 2019 at 6:00 AM EDT This release is a backfill from a News Wire General …
August 06, 2019

Pattern Energy Reports Second Quarter 2019 Financial Results

- Declares dividend of $0.4220 per Class A common share for third quarter 2019 - SAN FRANCISCO , Aug. 6, 2019 /PRNewswire/ -- Pattern Energy Group Inc. (the "Company" or " Pattern Energy ") (NASDAQ & TSX: PEGI) today announced its financial results for the 2019 second quarter.
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 Pattern Energy Group Frequently Asked Questions

  • When was Pattern Energy Group founded?

    Pattern Energy Group was founded in 2012.

  • Who are Pattern Energy Group key executives?

    Pattern Energy Group's key executives are Michael Garland, Hunter Armistead and Daniel Elkort.

  • How many employees does Pattern Energy Group have?

    Pattern Energy Group has 209 employees.

  • What is Pattern Energy Group revenue?

    Latest Pattern Energy Group annual revenue is $483 m.

  • What is Pattern Energy Group revenue per employee?

    Latest Pattern Energy Group revenue per employee is $2.3 m.

  • Who are Pattern Energy Group competitors?

    Competitors of Pattern Energy Group include Hepburn Wind, Principle Power and TechnoSpin.

  • Where is Pattern Energy Group headquarters?

    Pattern Energy Group headquarters is located at 1088 Sansome St, San Francisco, San Francisco.

  • Where are Pattern Energy Group offices?

    Pattern Energy Group has offices in San Francisco, Houston and Toronto.

  • How many offices does Pattern Energy Group have?

    Pattern Energy Group has 3 offices.