Capital Power

Capital Power generated ~11.5 TWh in Q1 and reported adjusted EBITDA of CAD 404 million (up CAD 37m) while AFFO fell to CAD 154 million. Management reiterated 2026 guidance, said ~75% of 2026 cash flow is secured, and signaled a planned 2% dividend increase subject to board approval. The company extended the Arlington Valley contract to 2038, has four fully contracted projects (~280 MW) under construction, and noted about CAD 170 million of contracted EBITDA toward a CAD 1 billion embedded upside with roughly 7 GW targeted for (re)contracting. » Plus sur finance.yahoo.com

Capital Power reported Q1 2026 EPS of $0.04 vs. an expected $0.53, while revenue of $1.21bn topped the $1.12bn estimate. Adjusted EBITDA rose 9.2% to CAD 404m, but AFFO fell 29.4% to CAD 154m. Higher corporate and financing costs, partly due to U.S. expansion, weighed on profitability; the stock fell about 8% premarket. Management reaffirmed full‑year guidance for adjusted EBITDA and AFFO and emphasized a focus on balance‑sheet strength and operational efficiency. » Plus sur de.investing.com

Capital Power expanded its U.S. presence in 2025 with a 2.2‑GW acquisition in PJM, raising total capacity to 11.8 GW and increasing the U.S. share to 57%. Adjusted AFFO climbed to USD 1.066 billion (+29%) and adjusted EBITDA to USD 1.580 billion (+18%), driven by record power generation in the U.S. Despite operational progress, GAAP EPS of -0.12 missed estimates by a wide margin, prompting the stock to fall; the company financed the expansion with about USD 667 million of equity and over USD 2 billion of debt. For 2026, Capital Power forecasts AFFO of USD 890–1,010 million but notes opportunities and risks from non‑cash items, impairments and trading volatility. » Plus sur de.investing.com