Canada's Capital Power Q2 revenue and AFFO rise, net loss narrows

Capital Power

29/07/2026 12:12

Overview
Canada power producer's Q2 revenue and AFFO rose yr/yr on new assets, government grants
Company reported Q2 net loss, but loss narrowed from prior year
Capital Power raised annual dividend by 2% and signed long-term energy deal with Meta

Outlook
Company expects Meta Platforms data centre load to enter service in H2 2028
Capital Power sees growing market optimism in Alberta supporting rising electricity demand
Company expects rising energy and capacity pricing to reinforce asset value

Result Drivers
ASSET ACQUISITIONS - Contributions from Hummel Station and Rolling Hills facilities acquired in June 2025 boosted revenue and adjusted EBITDA
GOVERNMENT GRANTS - Recognition of Clean Technology Investment Tax Credit grants for Canadian renewables projects increased AFFO
MARKET CONDITIONS - Higher energy and capacity pricing supported asset value, but lower Alberta pool prices and increased outage costs offset some gains

Company press release: ID:nGNX7grJ1J

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Loss Per Share
 
C$0.33
 
Q2 Net Loss
 
C$43 mln
 
Q2 Adjusted EBITDA
 
C$351 mln
 
Q2 Adjusted FFO
 
C$328 mln
 
Q2 Adjusted FFO Per Share
 
C$2.09
 
Q2 Loss Per Basic Share
 
C$0.33
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)