Canada's Capital Power reports Q4 loss versus year-ago profit

Capital Power

04/03/2026 12:41

Overview

Canada power producer's Q4 net loss was C$13 mln, with adjusted EBITDA at C$414 mln

Company completed acquisition of U.S. facilities, adding 2.2 GW of capacity

Increased common share dividend by 6%, marking 12th consecutive yr of growth

Outlook

Capital Power expects Arlington Valley facility to realize US$70 mln adjusted EBITDA uplift by 2032

Company anticipates 250 MW Alberta data center ESA to commence in 2028

Capital Power plans 35 MW capacity uprate at Arlington Valley by 2027

Result Drivers

U.S. EXPANSION - Acquisition of Hummel and Rolling Hills facilities added ~2.2 GW of U.S. natural gas capacity, enhancing growth

LONG-TERM CONTRACTS - New contract for Midland Cogeneration Venture extends cash flows through 2040

RENEWABLE PROJECTS - Reached commercial operation for ~60 MW of contracted projects and commissioned 170 MW of battery storage in Ontario

Company press release: ID:nGNX5dJwpJ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
-C$0.12
Q4 Net Income
-C$13 mln
Q4 Adjusted EBITDA
C$414 mln
Q4 Adjusted FFO
C$244 mln
Q4 Adjusted FFO Per Share
C$1.57
Q4 Basic EPS
-C$0.12


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the independent power producers peer group is "buy"

Wall Street's median 12-month price target for Capital Power Corp is C$77.00, about 22.9% above its March 3 closing price of C$62.66

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

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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.)