Canadian power producer Capital Power Q3 net income falls

Capital Power

29/10/2025 12:09

Overview

Capital Power Q3 net income declines to C$153 mln

Adjusted EBITDA for Q3 was C$477 mln

Company commissioned 170 MW of battery storage in Ontario

Outlook

Capital Power reaffirms 2025 guidance for Adjusted EBITDA and AFFO

Company expects 40% increase in outage days for Canada flexible generation in 2026

Capital Power focuses on optimizing Alberta fleet and increasing Genesee capacity

Result Drivers

MCV CONTRACT - New long-term contract for Midland Cogeneration Venture expected to provide revenue stability through 2040

BATTERY STORAGE - Commissioned 170 MW of battery storage in Ontario, contracted through to 2047

VPPA TERMINATION - Termination of virtual power purchase agreement with Saputo Inc. resulted in financial penalties, but impact expected to be minimal

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
C$0.94
Q3 Net Income
C$153 mln
Q3 Adjusted EBITDA
C$477 mln
Q3 Adjusted FFO
C$369 mln
Q3 Adjusted FFO Per Share
C$2.37
Q3 Basic EPS
C$0.94


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "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$73.00, about 3.3% above its October 28 closing price of C$70.60

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nGNX4v5jn7

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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.)