Capital Power Q2 net loss at C$131 mln

Overview

• Capital Power Q2 net loss C$131 mln, negative EPS C$0.92

• Adjusted EBITDA for Q2 at C$322 mln, AFFO C$235 mln

• Completed acquisition of Hummel and Rolling Hills, adding 2.2 GW capacity

Outlook

• Capital Power updates 2025 AFFO guidance to C$950 mln-C$1,100 mln

• Company revises 2025 adjusted EBITDA forecast to C$1,500 mln-C$1,650 mln

• Capital Power raises 2025 sustaining capital expenditure outlook to C$215 mln-C$245 mln

Result Drivers

• ACQUISITION EXPANSION - Completion of Hummel and Rolling Hills acquisition added 2.2 GW to U.S. flexible generation portfolio

• CAPITAL RAISE - Raised C$667 mln in equity capital and executed C$1.7 bln senior notes offering to finance acquisitions

• PROJECT ADVANCEMENT - Reached commercial operation of 40MW uprate at Goreway and progressed four Ontario projects

Key Details

Press Release: ID:nGNX77s0DX