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Capital Power (TSE:CPX)
TSX:CPX
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
C$0.78Last Year’s EPS
C$0.74Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 27.00%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook, marked by record power generation, significant contributions from U.S. assets, and progress in growth projects. Despite some financial challenges in Alberta and increased finance expenses, the company's diversification strategy and partnerships are proving effective.Company Guidance
During the Capital Power Q3 2024 earnings call, the executives provided various guidance metrics illustrating the company's strategic and financial trajectory. They reported a record generation of 11 terawatt hours, primarily driven by acquisitions, with U.S. assets contributing 53% to the EBITDA for Q3. The company's sustaining capital expenditure is on track to meet the guidance range of $180 million to $200 million for 2024. They are advancing ten growth projects to add 1.1 gigawatts of capacity. Notably, the Genesee Repower project is progressing with commissioning underway, affirming a capital expenditure estimate of $1.55 billion to $1.65 billion. Financially, the quarter saw adjusted EBITDA of $401 million, with an annual forecast reaffirmed within the revised guidance range of $1,310 million to $1,410 million. Operating cash flow (AFFO) for the quarter was $315 million, with an annual outlook between $770 million and $870 million. The company also highlighted its ongoing negotiations to extend U.S. asset contracts, with a keen focus on expanding its market participation in data centers, reflecting a strategic pivot towards flexible generation and renewables.Record Power Generation
Capital Power delivered a record 11 terawatt hours of reliable and affordable power in Q3 2024, marking a significant achievement in power generation.
Increased U.S. Contribution
U.S. assets contributed 53% of Q3 2024 EBITDA, a record quarterly contribution, demonstrating the effectiveness of the company's diversification strategy.
Advancement in Growth Projects
Ten growth projects across the portfolio are advancing, expected to add 1.1 gigawatts of incremental capacity, including the Genesee Repower project reaching critical milestones.
Partnership with First Nations
A three-year agreement with four First Nations to acquire 25% of Halkirk 2 Wind, promoting equity profit sharing and future equity ownership opportunities.
Strong AFFO Performance
AFFO for Q3 2024 was $315 million, up $19 million from Q3 2023, mainly due to lower income tax expense, indicating strong financial management.
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TSE:CPX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CPX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | C$50.41 | C$54.30 | +7.72% |
| Jul 31, 2024 | C$40.93 | C$42.12 | +2.91% |
| May 01, 2024 | C$34.92 | C$34.53 | -1.12% |
| Feb 28, 2024 | C$36.32 | C$36.47 | +0.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Capital Power (TSE:CPX) report earnings?
Capital Power (TSE:CPX) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Capital Power (TSE:CPX) earnings time?
Capital Power (TSE:CPX) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CPX EPS forecast?
TSE:CPX EPS forecast for the fiscal quarter 2024 (Q4) is C$0.78.
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