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Capital Power (TSE:CPX)
TSX:CPX
Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.82Last Year’s EPS
0.74Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -2.87%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements, particularly in terms of record annual generation, successful completion of major projects, and strong contributions from the U.S. portfolio. However, there were notable challenges highlighted, including a decrease in annual adjusted EBITDA and a challenging Alberta market. Overall, the sentiment reflects a positive outlook with strong strategic positioning for future growth, despite some financial setbacks.Company Guidance
During the Capital Power fourth quarter and year-end 2024 analyst conference call, the company provided guidance for 2025, emphasizing its strategic priorities and financial targets. Capital Power aims for adjusted EBITDA between $1,340 million and $1,440 million and anticipates AFFO in the range of $850 million to $950 million. The company highlighted its achievements in 2024, including record annual generation of 38 terawatt hours and significant portfolio growth from 6.5 gigawatts to 10 gigawatts of capacity. They reported a Q4 2024 adjusted EBITDA of $330 million and full-year adjusted EBITDA of $1,333 million. Capital Power also noted a 20 million year-over-year increase in Q4 AFFO, reaching $182 million. The company remains focused on strategic M&A opportunities, recontracting efforts, and expanding their data center opportunities, particularly in Alberta and the U.S. They acknowledged the stability provided by their diversified U.S. assets, which contributed 45% of adjusted EBITDA in 2024. Furthermore, they are engaged in negotiations to extend current contracts and expect significant upside potential from economic plant life aligning with operating life.Record Annual Generation
Delivered approximately 38 terawatt hours across the fleet, marking a record annual generation from an expanded portfolio.
Genesee Repowering Project Completion
Successfully completed the Genesee Repowering project, transitioning the facility to 100% natural gas, increasing capacity by 512 megawatts, and reducing Scope 1 greenhouse gas emissions by 3.4 million tons per annum.
Significant U.S. Portfolio Contribution
U.S. assets contributed approximately 45% of adjusted EBITDA, with the U.S. portfolio's adjusted EBITDA increasing from $369 million in 2023 to $656 million in 2024.
Successful Capital Recycling and Asset Sales
Sold two renewable assets for $333 million in pre-tax cash proceeds, aligning with the strategy to optimize the portfolio.
Strong Financial Performance
Q4 2024 adjusted EBITDA was $330 million, with a 20 million increase in AFFO from the same period in 2023 due to higher adjusted EBITDA and lower income tax.
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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 |
|---|---|---|---|
| Feb 26, 2025 | C$52.24 | C$51.19 | -2.01% |
| Oct 30, 2024 | C$49.90 | C$53.75 | +7.72% |
| Jul 31, 2024 | C$40.51 | C$41.70 | +2.94% |
| May 01, 2024 | C$34.56 | C$34.18 | -1.10% |
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 0.82.
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