Capital Power Corp
TSX:CPX

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Capital Power Corp
TSX:CPX
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Price: 61.48 CAD -2.58% Market Closed
Market Cap: 9.6B CAD

Capital Power Corp
Investor Relations

In the ever-volatile world of energy, Capital Power Corp. emerges as a dynamic player skillfully balancing the intricacies of generating power while responding to the shifting landscape of environmental demands and economic realities. Founded and headquartered in Edmonton, Alberta, this Canadian company has steadily expanded its footprint across North America. Capital Power Corp. operates a diversified portfolio that includes cutting-edge facilities such as natural gas, wind, solar, and solid-fuel plants. These facilities form the backbone of its strategic operations, allowing it to generate electricity that powers homes, businesses, and communities. Integral to its operations is the careful mix of traditional and renewable energy sources, which not only provides stability but also positions the company as a forward-thinking leader in the transition to cleaner energy.

Financially, Capital Power creates value by selling the electricity it generates to wholesale markets and through long-term power purchase agreements (PPAs) with utilities and large-scale consumers, insuring stability and predictability in revenues. Additionally, the company benefits from government incentives targeting renewable energy development, which bolsters its investments in sustainable projects. By continuously optimizing plant operations and fuel efficiencies, Capital Power not only minimizes costs but also maximizes profitability. Furthermore, strategic acquisitions and the expansion of its renewable energy portfolio underscore its commitment to remaining agile and relevant in an industry where innovation and adaptation are crucial. Through its well-rounded approach, Capital Power effectively underscores its ambition to deliver reliable energy solutions today while paving the way for a more sustainable tomorrow.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 29, 2025
AI Summary
Q3 2025

Strong EBITDA Growth: Adjusted EBITDA for Q3 was $477 million, up about 20% year-over-year, driven by U.S. portfolio additions and strong performance from newly acquired PJM assets.

Raised Outlook Reaffirmed: 2025 guidance for adjusted EBITDA ($1.5–$1.65B) and AFFO ($950M–$1.1B) was reaffirmed despite increased maintenance and outage activity.

Contract Wins: Secured a long-term contract for Midland Cogeneration Venture (MCV) with improved economics, extending through 2040, and signed a letter of intent for a 250MW data center project.

Battery Storage Milestone: Commissioned 170MW of Ontario battery storage, contracted through 2047, delivered on time and under budget.

Maintenance Investments: Announced significant plant maintenance scheduling in Alberta and the U.S. for 2026, with higher near-term capital costs but expected long-term reliability and declining costs.

Market Fundamentals: Alberta’s power market outlook has strengthened, with spark spreads projected to rise 90% between 2026 and 2028.

Leadership Change: CFO Sandra Haskins will retire at year-end, with Scott Manson to serve as interim CFO.

Key Financials
Adjusted EBITDA
$477 million
AFFO
$369 million
Adjusted EBITDA (YTD)
$1.166 billion
AFFO (YTD)
$882 million
Ontario Battery Storage Capacity
170 megawatts
Total Portfolio Generation
13.4 terawatt hours
Earnings Call Recording
Other Earnings Calls

Management

Mr. Avik Dey
President, CEO & Director
No Bio Available
Ms. Sandra Haskins
Senior VP of Finance & CFO
No Bio Available
Ms. Jacquelyn Marie Pylypiuk
SVP of Technology and Chief People & Culture Officer
No Bio Available
Mr. Bryan DeNeve
Senior VP & Chief Commercial Officer
No Bio Available
Mr. Jason Comandante
Senior VP & Head of Canada
No Bio Available
Mr. Steve Wollin
Senior Vice President of Operations
No Bio Available
Roy Arthur
Vice President of Investor Relations
No Bio Available
Ms. Pauline McLean
SVP of External Relations & Chief Legal Officer
No Bio Available
Katherine Perron
Media Relations & Communications Manager
No Bio Available
Ms. May Wong
Senior VP of Strategy, Planning and Sustainability
No Bio Available

Contacts

Address
ALBERTA
Edmonton
1200-10423 101 St NW
Contacts
+17803925100.0
www.capitalpower.com