View Future GrowthCapital Power 過去の業績過去 基準チェック /16Capital Powerは、平均年間21.8%の収益成長を遂げていますが、 Renewable Energy業界の収益は、年間 成長しています。収益は、平均年間10.1% 15.6%収益成長率で 成長しています。 Capital Powerの自己資本利益率は0.5%であり、純利益率は0.6%です。主要情報21.77%収益成長率18.07%EPS成長率Renewable Energy 業界の成長16.24%収益成長率15.57%株主資本利益率0.52%ネット・マージン0.60%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • Apr 30First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: CA$0.04 (down from CA$1.04 in 1Q 2025). Revenue: CA$1.21b (up 26% from 1Q 2025). Net income: CA$15.0m (down 90% from 1Q 2025). Profit margin: 1.2% (down from 15% in 1Q 2025). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 93%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Renewable Energy industry in Canada. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.お知らせ • Apr 02Capital Power Corporation to Report Q1, 2026 Results on Apr 29, 2026Capital Power Corporation announced that they will report Q1, 2026 results Pre-Market on Apr 29, 2026Reported Earnings • Mar 05Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CA$0.88 (down from CA$5.16 in FY 2024). Revenue: CA$3.72b (up 1.2% from FY 2024). Net income: CA$160.0m (down 76% from FY 2024). Profit margin: 4.3% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 54%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Renewable Energy industry in Canada. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 10Capital Power Corporation to Report Q4, 2025 Results on Mar 04, 2026Capital Power Corporation announced that they will report Q4, 2025 results Pre-Market on Mar 04, 2026Reported Earnings • Oct 30Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: CA$0.94 (down from CA$1.32 in 3Q 2024). Revenue: CA$1.21b (up 20% from 3Q 2024). Net income: CA$154.0m (down 11% from 3Q 2024). Profit margin: 13% (down from 17% in 3Q 2024). Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Renewable Energy industry in Canada. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 18% per year.Reported Earnings • May 01First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: CA$1.03 (down from CA$1.58 in 1Q 2024). Revenue: CA$988.0m (down 9.9% from 1Q 2024). Net income: CA$144.0m (down 26% from 1Q 2024). Profit margin: 15% (down from 18% in 1Q 2024). Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) also surpassed analyst estimates by 78%. Revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Canada are expected to grow by 3.8%. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.すべての更新を表示Recent updates分析記事 • May 04Downgrade: Here's How Analysts See Capital Power Corporation (TSE:CPX) Performing In The Near TermThe analysts covering Capital Power Corporation ( TSE:CPX ) delivered a dose of negativity to shareholders today, by...Recent Insider Transactions • May 04Independent Chair recently bought CA$958k worth of stockOn the 1st of May, Barry Perry bought around 15k shares on-market at roughly CA$64.75 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Barry's only on-market trade for the last 12 months.Declared Dividend • May 01First quarter dividend of CA$0.69 announcedShareholders will receive a dividend of CA$0.69. Ex-date: 30th June 2026 Payment date: 31st July 2026 Dividend yield will be 4.3%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 23x earnings) nor is it covered by cash flows (193% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 2,481% to bring the payout ratio under control. EPS is expected to grow by 200% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • Apr 30First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: CA$0.04 (down from CA$1.04 in 1Q 2025). Revenue: CA$1.21b (up 26% from 1Q 2025). Net income: CA$15.0m (down 90% from 1Q 2025). Profit margin: 1.2% (down from 15% in 1Q 2025). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 93%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Renewable Energy industry in Canada. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.お知らせ • Apr 29Capital Power Declares Dividend on its Common Shares for the Quarter Ending June 30, 2026, Payable on July 31, 2026The Board of Directors for Capital Power Corporation declared a dividend of $0.6910 per share on the outstanding common shares for the quarter ending June 30, 2026. The dividend is payable on July 31, 2026 to shareholders of record at the close of business on June 30, 2026.ナラティブの更新 • Apr 27CPX: Fair Value View Will Depend On Profit Margins And New Finance LeadershipAnalysts have inched their CA$ fair value estimate for Capital Power up to about CA$74.63 per share, citing updated views on discount rates, profit margins, and forward P/E expectations following recent research updates and a CA$1 price target increase at CIBC. Analyst Commentary Bullish Takeaways Bullish analysts view the recent CA$1 price target adjustment as support for the updated fair value estimate around CA$74.63 per share.ナラティブの更新 • Apr 12CPX: Reliability Focus And New Finance Leadership Will Shape Future ReturnsAnalysts have kept their fair value estimate for Capital Power steady at about CA$74.54, with only very small tweaks to inputs such as the discount rate and future P/E assumptions. This reflects incremental model updates rather than a major change in view.お知らせ • Apr 02Capital Power Corporation to Report Q1, 2026 Results on Apr 29, 2026Capital Power Corporation announced that they will report Q1, 2026 results Pre-Market on Apr 29, 2026ナラティブの更新 • Mar 28CPX: Future Returns Will Reflect Extended Arlington Contract And Uprate BenefitsAnalysts have adjusted Capital Power's target price to CA$82 from CA$80, reflecting updated views on the company’s risk profile and earnings outlook while maintaining a broadly consistent long term valuation framework. Analyst Commentary Recent research updates suggest that analysts are reassessing Capital Power's risk and earnings profile while keeping their core valuation approach largely intact.Upcoming Dividend • Mar 24Upcoming dividend of CA$0.69 per shareEligible shareholders must have bought the stock before 31 March 2026. Payment date: 30 April 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.3%. Lower than top quartile of Canadian dividend payers (5.7%). In line with average of industry peers (4.3%).ナラティブの更新 • Mar 10CPX: Future Returns Will Reflect Long Dated Arlington Cash Flows And Uprate BenefitsAnalysts have nudged their Capital Power price target up by CA$2 to CA$82. This reflects updated assumptions around discount rates, revenue growth, margins and future P/E that align with recent Street research.Declared Dividend • Mar 06Fourth quarter dividend of CA$0.69 announcedShareholders will receive a dividend of CA$0.69. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 4.5%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is not covered by earnings (253% earnings payout ratio) nor is it covered by cash flows (441% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 181% to bring the payout ratio under control. EPS is expected to grow by 116% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • Mar 05Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CA$0.88 (down from CA$5.16 in FY 2024). Revenue: CA$3.72b (up 1.2% from FY 2024). Net income: CA$160.0m (down 76% from FY 2024). Profit margin: 4.3% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 54%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Renewable Energy industry in Canada. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 04Capital Power Corporation Declares Dividend on Common Shares for the Quarter Ending March 31, 2026, Payable on April 30, 2026The Board of Directors for Capital Power Corporation declared a dividend of $0.6910 per share on the outstanding common shares for the quarter ending March 31, 2026. The dividend is payable on April 30, 2026 to shareholders of record at the close of business on March 31, 2026.ナラティブの更新 • Feb 23CPX: Future Returns Will Reflect Long Dated Arlington Cash Flows And Uprate BenefitsAnalysts have adjusted their view on Capital Power, with one firm lifting its price target to CA$82 from CA$80, reflecting updated assumptions on discount rates and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts view the higher CA$82 price target as support for their updated assumptions on Capital Power's P/E, suggesting they see room for the shares to reflect those revised earnings multiples over time.お知らせ • Feb 20Capital Power Corporation Announces CFO ChangesCapital Power Corporation has announced the appointment of Kevin MacIntosh as Chief Financial Officer, effective March 16, 2026. Mr. MacIntosh has over 30 years of experience as a finance leader working in large, complex organizations within the global energy industry and brings expertise across multi-jurisdictional operations, cross-border transactions, energy trading and diverse regulatory landscapes. He has a proven track record in strategic leadership and business optimization, leading high-performance teams across financial planning and analysis, external reporting, internal controls, and finance reporting system transformation. Most recently, Mr. MacIntosh served as Vice President and Controller for Suncor Energy. In this role, he led the implementation of a next-generation intelligent ERP system and the company’s geographic consolidation efforts, as well as served as the finance integration lead as Suncor Energy assumed operatorship of Syncrude Company Limited. Prior to this role, Mr. MacIntosh worked across finance functions in Suncor’s downstream and upstream operations. He also held several leadership roles for Irving Oil that included leadership of the firm’s supply and trading operations. He holds a Bachelor of Commerce from Dalhousie University and holds a CPA-CGA designation. Scott Manson, who has served as Interim CFO, will continue to support the onboarding process and assist Mr. MacIntosh until the end of April 2026.お知らせ • Feb 17Capital Power Corporation, Annual General Meeting, Apr 28, 2026Capital Power Corporation, Annual General Meeting, Apr 28, 2026.分析記事 • Feb 13Does Capital Power (TSE:CPX) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Feb 10Capital Power Corporation to Report Q4, 2025 Results on Mar 04, 2026Capital Power Corporation announced that they will report Q4, 2025 results Pre-Market on Mar 04, 2026ナラティブの更新 • Feb 09CPX: Future Returns Will Reflect Long Dated Arlington Tolling Cash FlowsNarrative Update on Capital Power Analysts have nudged their price target on Capital Power to C$82 from C$80, reflecting updated assumptions around discount rates, long term revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent Street research around Capital Power focuses on how updated assumptions feed into valuation and execution risks, rather than any single near term catalyst.ナラティブの更新 • Jan 24CPX: Future Returns Will Reflect Long Term Contracted U.S. Gas Cash FlowsAnalysts have nudged their fair value estimate for Capital Power higher to about C$74.71 from roughly C$74.46, citing a series of recent price target increases across the Street that reflect updated views on revenue growth, margins, and future P/E assumptions. Analyst Commentary Recent research updates around Capital Power cluster tightly in a C$73 to C$82 fair value range, which helps explain the modest move higher in the aggregated fair value estimate.ナラティブの更新 • Jan 08CPX: Future Returns Will Reflect Long Term Contracted And Merchant Cash FlowsAnalysts have raised their price targets on Capital Power into a C$73 to C$85 range, with several firms moving to around C$80 to C$82, citing updated views on valuation inputs such as discount rates and future P/E assumptions. Analyst Commentary Recent Street research shows a tight cluster of targets between C$73 and C$85, with several bullish analysts moving into the C$80 to C$82 area.Upcoming Dividend • Dec 24Upcoming dividend of CA$0.69 per shareEligible shareholders must have bought the stock before 31 December 2025. Payment date: 30 January 2026. Payout ratio is on the higher end at 100%, and the cash payout ratio is above 100%. Trailing yield: 4.6%. Lower than top quartile of Canadian dividend payers (5.9%). In line with average of industry peers (4.6%).ナラティブの更新 • Dec 18CPX: Future Performance Will Reflect Long Term Contracted Cash Flow From New ProjectsThe analyst price target for Capital Power has been increased by C$1.00. This change reflects analysts' view that stronger revenue growth prospects and a higher future earnings multiple more than offset slightly lower profit margin assumptions and a modestly higher discount rate.ナラティブの更新 • Dec 04CPX: Future Performance Will Reflect Long Term Contracted Cash Flow UpsideAnalysts have lifted their consolidated price target for Capital Power to about C$80, reflecting increased confidence in the company’s underappreciated growth profile, resilient margins, and U.S.-like expansion prospects. Analyst Commentary Recent Street research points to a broadly constructive view on Capital Power, with multiple firms raising their price targets and reiterating positive ratings in quick succession.ナラティブの更新 • Nov 20CPX: Future Performance Will Reflect Recent Storage and Contract Wins Driving UpsideThe analyst price target for Capital Power saw a modest decrease of $0.50 to $75.46 per share, as analysts cite adjustments in fair value and discount rate. This comes despite ongoing positive sentiment highlighted by several recent price target increases across major investment firms.Major Estimate Revision • Nov 05Consensus EPS estimates fall by 20%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CA$3.26b to CA$3.47b. EPS estimate fell from CA$1.94 to CA$1.55 per share. Net income forecast to grow 6.5% next year vs 8.2% growth forecast for Renewable Energy industry in Canada. Consensus price target up from CA$73.96 to CA$75.96. Share price was steady at CA$70.68 over the past week.ナラティブの更新 • Nov 05CPX: Future Performance Will Reflect Weighing New Projects Against Margin PressuresAnalysts have modestly raised their price target for Capital Power, increasing it from approximately C$74 to C$76. They cite a series of upward target revisions across the Street that reflect confidence in the company's outlook, despite tempered growth estimates.Declared Dividend • Nov 02Third quarter dividend of CA$0.69 announcedShareholders will receive a dividend of CA$0.69. Ex-date: 31st December 2025 Payment date: 30th January 2026 Dividend yield will be 3.8%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) nor is it covered by cash flows (192% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. EPS is expected to grow by 47% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Oct 30Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: CA$0.94 (down from CA$1.32 in 3Q 2024). Revenue: CA$1.21b (up 20% from 3Q 2024). Net income: CA$154.0m (down 11% from 3Q 2024). Profit margin: 13% (down from 17% in 3Q 2024). Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Renewable Energy industry in Canada. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 18% per year.お知らせ • Oct 29Capital Power Declares Dividends for the Quarter Ending December 31, 2025, Payable on January 30, 2026The Board of Directors for Capital Power Corporation declared a dividend of $0.6910 per share on the outstanding common shares for the quarter ending December 31, 2025. The dividend is payable on January 30, 2026 to shareholders of record at the close of business on December 31, 2025.ナラティブの更新 • Oct 22Analysts Raise Targets for Capital Power on Improved Margins and Strong Growth OutlookAnalysts have raised their price target for Capital Power, increasing the fair value estimate from approximately C$69 to nearly C$74. The upward revision is supported by improved profit margins and continued confidence in the company's growth prospects.分析記事 • Oct 09Capital Power Corporation's (TSE:CPX) 29% Price Boost Is Out Of Tune With EarningsCapital Power Corporation ( TSE:CPX ) shareholders have had their patience rewarded with a 29% share price jump in the...ナラティブの更新 • Oct 08North American Demand Trends Will Expose Overvaluation RisksAnalysts have increased their average price target for Capital Power, raising it by approximately C$1.45 to C$69.04. They cite the company's underappreciated growth prospects and consistent upward revisions from multiple firms.Upcoming Dividend • Sep 22Upcoming dividend of CA$0.69 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 31 October 2025. Payout ratio is on the higher end at 88% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Canadian dividend payers (5.8%). Lower than average of industry peers (4.8%).ナラティブの更新 • Sep 20North American Demand Trends Will Expose Overvaluation RisksConsensus analyst price targets for Capital Power have been revised upward, reflecting stronger earnings momentum, improved cash flow forecasts, and enhanced growth visibility from portfolio diversification and a favorable policy environment, resulting in a new target of CA$67.59. Analyst Commentary Bullish analysts cite stronger-than-expected earnings momentum, leading to increased confidence in management’s execution.分析記事 • Sep 09Capital Power (TSE:CPX) Seems To Be Using A Lot Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...ナラティブの更新 • Aug 27North American Demand Trends Will Expose Overvaluation RisksDespite a substantial increase in consensus revenue growth projections and a notable decline in future P/E, the consensus analyst price target for Capital Power has been modestly reduced from CA$66.73 to CA$64.55. What's in the News Capital Power announced a 6% increase in its quarterly dividend to $0.6910 per share, raising its annualized dividend to $2.764 per common share.Major Estimate Revision • Aug 06Consensus EPS estimates fall by 49%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CA$3.51b to CA$3.24b. EPS estimate also fell from CA$3.28 per share to CA$1.67 per share. Net income forecast to grow 0.5% next year vs 27% growth forecast for Renewable Energy industry in Canada. Consensus price target broadly unchanged at CA$65.33. Share price fell 8.3% to CA$57.13 over the past week.Declared Dividend • Aug 01Second quarter dividend increased to CA$0.69Dividend of CA$0.69 is 6.0% higher than last year. Ex-date: 29th September 2025 Payment date: 31st October 2025 Dividend yield will be 4.7%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (88% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Jul 31New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (19% increase in shares outstanding).お知らせ • Jul 30Capital Power Corporation Declares Dividend for the Quarter Ending September 30, 2025, Payable on October 31, 2025The Board of Directors for Capital Power Corporation declared a dividend of $0.6910 per share on the outstanding common shares for the quarter ending September 30, 2025. The dividend is payable on October 31, 2025 to shareholders of record at the close of business on September 29, 2025. The quarterly dividend of $0.6910 per common share compared to the previous $0.6519 dividend represents a 6% increase, and an annualized dividend of $2.764 per common share.お知らせ • Jul 14Capital Power Corporation Announces Management ChangesCapital Power Corporation announced Ferio Pugliese has joined the company as Senior Vice President, Chief Corporate Officer, effective today. Mr. Pugliese succeeds Jacquie Pylypiuk. In his new role, Mr. Pugliese will oversee People & Culture, Information Services, Data Science & Insights, Energy Markets & Low Carbon Solutions, and Communications & Community Engagement. A seasoned executive with leadership experience across multiple sectors, including energy and aerospace, Mr. Pugliese is known for driving transformation through a people-first approach and a proven ability to scale complex organizations. Further strengthening its executive capabilities, Capital Power recently welcomed Roger Huang as Vice President, Corporate Development and U.S. Renewables, effective June 5, 2025. In this newly created role, Mr. Huang reports directly to the CEO and is responsible for advancing Capital Power’s growth ambitions, corporate partnerships, and U.S. renewables platform. Mr. Huang brings significant investment and energy sector expertise, with a background spanning senior executive roles in private equity and in industry.New Risk • Jun 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 6.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.6% per year for the foreseeable future. Minor Risks High level of debt (92% net debt to equity). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding).Upcoming Dividend • Jun 23Upcoming dividend of CA$0.65 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 31 July 2025. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Canadian dividend payers (6.1%). In line with average of industry peers (4.8%).お知らせ • Jun 10Capital Power Corporation (TSX:CPX) completed the acquisition of Two Flexible Generation Assets in PJM from LS Power Equity Advisors.Capital Power Corporation (TSX:CPX) entered into a definitive agreement to acquire Two Flexible Generation Assets in PJM from LS Power Equity Advisors, LLC for $2.2 billion on April 14, 2025. The Acquisition is expected to be $2.2 billion (CAD 3 billion), subject to customary post-closing adjustments, including working capital and estimated transaction expenses. Net proceeds from Capital Power’s concurrent $500 million common share offering will fully address the equity funding requirement for the Acquisition. The Company has entered into a commitment letter dated April 14, 2025 (the “Commitment Letter”) with a Canadian chartered bank affiliate of TD Securities Inc. for fully underwritten $2 billion senior unsecured term loans. In addition, the Company has access to $1 billion under its existing revolving credit facilities, which are currently undrawn. If drawn, repayment or refinancing of the facilities is expected through the issuance of senior notes and/or hybrid notes or other sources, subject to market conditions and other factors. The Acquisition is expected to close in the third quarter of 2025, subject to receipt of regulatory approvals and the satisfaction of other customary closing conditions. As per the filing announced on June 9,2025, the Federal Energy Regulatory Commission approved the Acquisition on June 2, 2025, and the applicable waiting period under the Hart-Scott-Rodino Act, expired on June 4, 2025. Evercore Inc. acted as financial advisor for Capital Power Corporation. TD Securities, Inc. acted as financial advisor for Capital Power Corporation. Eli G. Hunt, Javad Asghari, Matthew P. Einbinder, Brian E. Rosenzweig, Jason A. Hwang, Jonathan Goldstein, Daniel J. Venditti, Tristan Brown, Krista B. McManus and Dennis J. Loiacono of Simpson Thacher & Bartlett LLP acted as legal advisors for Capital Power Corporation. Capital Power Corporation (TSX:CPX) completed the acquisition of Two Flexible Generation Assets in PJM from LS Power Equity Advisors on June 9, 2025.Reported Earnings • May 01First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: CA$1.03 (down from CA$1.58 in 1Q 2024). Revenue: CA$988.0m (down 9.9% from 1Q 2024). Net income: CA$144.0m (down 26% from 1Q 2024). Profit margin: 15% (down from 18% in 1Q 2024). Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) also surpassed analyst estimates by 78%. Revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Canada are expected to grow by 3.8%. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 30Capital Power Corporation Declares Dividend for its Common Shares for the Quarter Ending June 30, 2025, Payable on July 31, 2025The Board of Directors for Capital Power Corporation declared a dividend of $0.6519 per share on the outstanding common shares for the quarter ending June 30, 2025. The dividend is payable on July 31, 2025 to shareholders of record at the close of business on June 30, 2025.Major Estimate Revision • Apr 24Consensus EPS estimates increase by 18%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CA$2.22 to CA$2.63. Revenue forecast steady at CA$2.68b. Net income forecast to shrink 48% next year vs 30% growth forecast for Renewable Energy industry in Canada . Consensus price target down from CA$66.38 to CA$64.73. Share price rose 6.4% to CA$50.20 over the past week.New Risk • Apr 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. Minor Risks High level of debt (90% net debt to equity). Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Large one-off items impacting financial results. Shareholders have been diluted in the past year (17% increase in shares outstanding).お知らせ • Apr 23Capital Power Corporation announced that it has received CAD 150 million in funding from Alberta Investment Management CorporationOn April 22, 2025, Capital Power Corporation, closed the transaction. The company issued 3,455,000 common shares at a price of CAD 43.41534 for the gross proceeds of CAD 149,999,999.7.お知らせ • Apr 22Capital Power Corporation has completed a Follow-on Equity Offering in the amount of CAD 449.7075 million.Capital Power Corporation has completed a Follow-on Equity Offering in the amount of CAD 449.7075 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 10,350,000 Price\Range: CAD 43.45 Discount Per Security: CAD 1.738お知らせ • Apr 15+ 1 more updateCapital Power Corporation (TSX:CPX) entered into a definitive agreement to acquire Two Flexible Generation Assets in PJM from LS Power Equity Advisors, LLC for $2.2 billion.Capital Power Corporation (TSX:CPX) entered into a definitive agreement to acquire Two Flexible Generation Assets in PJM from LS Power Equity Advisors, LLC for $2.2 billion on April 14, 2025. The Acquisition is expected to be $2.2 billion (CAD 3 billion), subject to customary post-closing adjustments, including working capital and estimated transaction expenses. Net proceeds from Capital Power’s concurrent $500 million common share offering will fully address the equity funding requirement for the Acquisition. The Company has entered into a commitment letter dated April 14, 2025 (the “Commitment Letter”) with a Canadian chartered bank affiliate of TD Securities Inc. for fully underwritten $2 billion senior unsecured term loans. In addition, the Company has access to $1 billion under its existing revolving credit facilities, which are currently undrawn. If drawn, repayment or refinancing of the facilities is expected through the issuance of senior notes and/or hybrid notes or other sources, subject to market conditions and other factors. The Acquisition is expected to close in the third quarter of 2025, subject to receipt of regulatory approvals and the satisfaction of other customary closing conditions. Evercore Inc. acted as financial advisor for Capital Power Corporation. TD Securities, Inc. acted as financial advisor for Capital Power Corporation. Eli Hunt, Javad Asghari, Brian Rosenzweig, Matthew Einbinder, Jason Hwang, Jonathan Goldstein, Tristan Brown, Daniel Venditti, Krista McManus and Dennis Loiacono of Simpson Thacher & Bartlett LLP acted as legal advisors for Capital Power Corporation.Upcoming Dividend • Mar 24Upcoming dividend of CA$0.65 per shareEligible shareholders must have bought the stock before 31 March 2025. Payment date: 30 April 2025. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Lower than top quartile of Canadian dividend payers (6.3%). In line with average of industry peers (5.2%).お知らせ • Mar 20+ 2 more updatesCapital Power Corporation to Report Q3, 2025 Results on Oct 29, 2025Capital Power Corporation announced that they will report Q3, 2025 results on Oct 29, 2025Declared Dividend • Feb 28Fourth quarter dividend of CA$0.65 announcedShareholders will receive a dividend of CA$0.65. Ex-date: 31st March 2025 Payment date: 30th April 2025 Dividend yield will be 5.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (491% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 62% over the next 3 years. Since a fall of 45% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.New Risk • Feb 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 37% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 26% per year for the foreseeable future. Minor Risks High level of debt (90% net debt to equity). Dividend is not well covered by cash flows (491% cash payout ratio). Large one-off items impacting financial results.Reported Earnings • Feb 27Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: CA$5.16 (down from CA$6.07 in FY 2023). Revenue: CA$3.68b (down 9.6% from FY 2023). Net income: CA$665.0m (down 6.3% from FY 2023). Profit margin: 18% (in line with FY 2023). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is expected to decline by 7.5% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Canada are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 26Capital Power Corporation Declares Dividend for the Quarter Ending March 31, 2025, Payable on April 30, 2025The Board of Directors for Capital Power Corporation declared a dividend of $0.6519 per share on the outstanding common shares for the quarter ending March 31, 2025. The dividend is payable on April 30, 2025 to shareholders of record at the close of business on March 31, 2025.お知らせ • Feb 17Capital Power Corporation, Annual General Meeting, Apr 29, 2025Capital Power Corporation, Annual General Meeting, Apr 29, 2025.お知らせ • Jan 30Capital Power Corporation to Report Q4, 2024 Results on Feb 26, 2025Capital Power Corporation announced that they will report Q4, 2024 results Pre-Market on Feb 26, 2025Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CA$50.69, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Renewable Energy industry in Canada. Total returns to shareholders of 51% over the past three years.Upcoming Dividend • Dec 24Upcoming dividend of CA$0.65 per shareEligible shareholders must have bought the stock before 31 December 2024. Payment date: 31 January 2025. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (4.8%).お知らせ • Dec 18Capital Power Corporation has completed a Follow-on Equity Offering in the amount of CAD 399.84 million.Capital Power Corporation has completed a Follow-on Equity Offering in the amount of CAD 399.84 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 6,800,000 Price\Range: CAD 58.8 Discount Per Security: CAD 2.352Price Target Changed • Dec 17Price target increased by 7.4% to CA$61.78Up from CA$57.50, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CA$63.32. Stock is up 68% over the past year. The company is forecast to post earnings per share of CA$4.17 for next year compared to CA$6.07 last year.Price Target Changed • Dec 12Price target increased by 7.1% to CA$60.63Up from CA$56.60, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of CA$61.02. Stock is up 58% over the past year. The company is forecast to post earnings per share of CA$4.21 for next year compared to CA$6.07 last year.お知らせ • Dec 11Capital Power Corporation has filed a Follow-on Equity Offering in the amount of CAD 350.448 million.Capital Power Corporation has filed a Follow-on Equity Offering in the amount of CAD 350.448 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 5,960,000 Price\Range: CAD 58.8新しいナラティブ • Dec 06Genesee Repower's Soaring CapEx And Carbon Compliance Costs Threaten Profit Margins High CapEx for projects like Genesee Repower may lower profitability, affecting earnings through increased capital outlay requirements. お知らせ • Nov 27Axium Infrastructure Inc. agreed to acquire 49% stake Quality Wind facility in British Columbia and the Port Dover and Nanticoke Wind facility in Ontario from Capital Power Corporation (TSX:CPX) for approximately $340 million.Axium Infrastructure Inc. agreed to acquire 49% stake in Quality Wind facility in British Columbia and the Port Dover and Nanticoke Wind facility in Ontario from Capital Power Corporation (TSX:CPX) for approximately $340 million on November 26, 2024. A cash consideration of $340 million will be paid by Axium to Capital Power. The transaction is expected to close by year-end 2024, subject to customary closing conditions. CIBC Capital Markets acted as financial advisor to Capital Power and Dentons Canada LLP acted as legal advisor to Capital Power.Major Estimate Revision • Nov 06Consensus revenue estimates increase by 17%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CA$3.06b to CA$3.59b. EPS estimate increased from CA$4.11 to CA$4.17 per share. Net income forecast to shrink 21% next year vs 17% growth forecast for Renewable Energy industry in Canada . Consensus price target up from CA$49.00 to CA$55.70. Share price rose 16% to CA$58.60 over the past week.Price Target Changed • Nov 01Price target increased by 14% to CA$55.70Up from CA$49.00, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CA$55.30. Stock is up 42% over the past year. The company is forecast to post earnings per share of CA$4.17 for next year compared to CA$6.07 last year.お知らせ • Oct 30Capital Power Corporation Declares Dividends for Its Common Shares, Payable on January 31, 2025The Board of Directors for Capital Power Corporation declared a dividend of $0.6519 per share on the outstanding common shares for the quarter ending December 31, 2024. The dividend is payable on January 31, 2025 to shareholders of record at the close of business on December 31, 2024.お知らせ • Sep 27Capital Power Corporation to Report Q3, 2024 Results on Oct 30, 2024Capital Power Corporation announced that they will report Q3, 2024 results Pre-Market on Oct 30, 2024Upcoming Dividend • Sep 20Upcoming dividend of CA$0.65 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 31 October 2024. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 5.5%. Lower than top quartile of Canadian dividend payers (5.9%). Higher than average of industry peers (4.7%).New Risk • Aug 11New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$1.2m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (11% increase in shares outstanding). Significant insider selling over the past 3 months (CA$1.2m sold).Declared Dividend • Aug 09Second quarter dividend of CA$0.65 announcedShareholders will receive a dividend of CA$0.65. Ex-date: 27th September 2024 Payment date: 31st October 2024 Dividend yield will be 5.8%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 28% over the next 3 years. However, it would need to fall by 46% to increase the payout ratio to a potentially unsustainable range.Major Estimate Revision • Aug 07Consensus revenue estimates increase by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CA$2.77b to CA$3.16b. EPS estimate unchanged from CA$3.85 at last update. Renewable Energy industry in Canada expected to see average net income growth of 12% next year. Consensus price target up from CA$42.36 to CA$44.91. Share price rose 4.7% to CA$43.41 over the past week.Reported Earnings • Aug 01Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: CA$774.0m (down 6.0% from 2Q 2023). Net income: CA$75.0m (down 5.1% from 2Q 2023). Profit margin: 9.7% (in line with 2Q 2023). Revenue is expected to decline by 28% p.a. on average during the next 2 years, while revenues in the Renewable Energy industry in Canada are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Jul 31Capital Power Corporation Declares Dividend for the Quarter Ending September 30, 2024, Payable on October 31, 2024The Board of Directors for Capital Power Corporation declared a dividend of $0.6519 per share on the outstanding common shares for the quarter ending September 30, 2024. The dividend is payable on October 31, 2024 to shareholders of record at the close of business on September 30, 2024. The quarterly dividend of $0.6519 per common share compared to the previous $0.615 dividend represents a 6% increase, and an annualized dividend of $2.6076 per common share.お知らせ • Jun 29Capital Power Corporation to Report Q2, 2024 Results on Jul 31, 2024Capital Power Corporation announced that they will report Q2, 2024 results Pre-Market on Jul 31, 2024お知らせ • Jun 20Capital Power Corporation Announces Genesee Generating Station Is Off Coal - All Units 100% Natural Gas-FueledCapital Power Corporation announced that the Genesee Generating Station is now 100% natural gas-fueled, resulting in the facility being off coal over 5 years ahead of the Alberta government mandate. As part of the Genesee Repowering project, the facility completed simple cycle commissioning for Unit 1 on May 3, simple cycle testing is underway on Unit 2, and Unit 3 has transitioned to natural gas. The project continues to progress with combined cycle completion expected in Fourth Quarter 2024, which will result in 512 MW of additional net high efficiency, low heat rate capacity from the site.Board Change • Jun 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Neil Smith was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 16Capital Power Corporation Announces Board ChangesCapital Power Corporation announced the appointment of Neil H. Smith and George Williams to the company’s board of directors (the board) effective May 15, 2024. The appointments follow the departure of Doyle Beneby, who after 12 successful years as a member of the Board, and having reached his term limit, did not stand for reelection at the company’s recent AGM. Neil H. Smith is currently Chief Executive Officer at Vanguard Renewables. He has over 30 years of leadership expertise in the energy sector and deep experience in developing, building, and operating independent power generation infrastructure. Prior to joining Vanguard Renewables, Neil was a founding member and Chief Executive Officer of InterGen Inc. where he played an integral role in the financing, construction, and operation of over $15 billion of development projects across the globe including more than 25 power plants and related infrastructure. Neil previously served on the board of PJM Interconnect and as a director for The Wood Group. George Williams is the former chair and Chief Executive Officer of PMI Energy Solutions. He has 40+ years in the utility industry and hands-on operations experience from executive and senior leadership roles at El Paso Electric Company, Exelon Corporation, Entergy Corporation, and Progress Energy. George brings nuclear energy experience from prior positions at PPL Corporation, Entergy, and PECO Energy Company. George is currently chair of the Board of Trustees of Underwriters Laboratories (UL) Research Institutes, and former chair of its Governance and Compensation Committee. He also serves on the board of directors of UL Solutions Inc.Recent Insider Transactions • May 12Senior VP & Chief Commercial Officer recently bought CA$745k worth of stockOn the 10th of May, Bryan DeNeve bought around 20k shares on-market at roughly CA$37.23 per share. This transaction increased Bryan's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$729k more in shares than they have sold in the last 12 months.収支内訳Capital Power の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TSX:CPX 収益、費用、利益 ( )CAD Millions日付収益収益G+A経費研究開発費31 Mar 263,83823447031 Dec 253,615160429030 Sep 253,373383475030 Jun 253,189409475031 Mar 253,535648426031 Dec 243,677699445030 Sep 243,793520385030 Jun 243,881613363031 Mar 243,951626355031 Dec 234,068710325030 Sep 234,012517332030 Jun 233,646276340031 Mar 233,480266331031 Dec 222,71299327030 Sep 222,442127311030 Jun 222,032130295031 Mar 221,70767282031 Dec 211,75744290030 Sep 211,622112286030 Jun 211,718179283031 Mar 211,783183286031 Dec 201,79182276030 Sep 201,852262280030 Jun 201,915-72279031 Mar 201,85214283031 Dec 191,71376281030 Sep 191,49433269030 Jun 191,383281262031 Mar 191,351242249031 Dec 181,272223239030 Sep 181,18675223030 Jun 181,13053216031 Mar 181,01097215031 Dec 171,046108212030 Sep 171,093149217030 Jun 171,146224215031 Mar 171,189141213031 Dec 161,19988210030 Sep 161,25897208030 Jun 161,35780208031 Mar 161,21522205031 Dec 151,24167205030 Sep 151,34271207030 Jun 151,121-242080質の高い収益: CPXにはCA$13.0M } という大きな 一回限りの 利益があり、過去 12 か月の財務実績が31st March, 2026に影響を及ぼしています。利益率の向上: CPXの現在の純利益率 (0.6%)は、昨年(18.3%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: CPXの収益は過去 5 年間で年間21.8%増加しました。成長の加速: CPXは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: CPXは過去 1 年間で収益成長率がマイナス ( -96.5% ) となったため、 Renewable Energy業界平均 ( -9.2% ) と比較することが困難です。株主資本利益率高いROE: CPXの 自己資本利益率 ( 0.5% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YUtilities 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 13:00終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Capital Power Corporation 7 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。18 アナリスト機関Nathan HeywoodATB CormarkBenjamin PhamBMO Capital Markets Equity ResearchThomas Sellers MericBrean Capital Historical (Janney Montgomery)15 その他のアナリストを表示
Reported Earnings • Apr 30First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: CA$0.04 (down from CA$1.04 in 1Q 2025). Revenue: CA$1.21b (up 26% from 1Q 2025). Net income: CA$15.0m (down 90% from 1Q 2025). Profit margin: 1.2% (down from 15% in 1Q 2025). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 93%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Renewable Energy industry in Canada. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
お知らせ • Apr 02Capital Power Corporation to Report Q1, 2026 Results on Apr 29, 2026Capital Power Corporation announced that they will report Q1, 2026 results Pre-Market on Apr 29, 2026
Reported Earnings • Mar 05Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CA$0.88 (down from CA$5.16 in FY 2024). Revenue: CA$3.72b (up 1.2% from FY 2024). Net income: CA$160.0m (down 76% from FY 2024). Profit margin: 4.3% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 54%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Renewable Energy industry in Canada. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 10Capital Power Corporation to Report Q4, 2025 Results on Mar 04, 2026Capital Power Corporation announced that they will report Q4, 2025 results Pre-Market on Mar 04, 2026
Reported Earnings • Oct 30Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: CA$0.94 (down from CA$1.32 in 3Q 2024). Revenue: CA$1.21b (up 20% from 3Q 2024). Net income: CA$154.0m (down 11% from 3Q 2024). Profit margin: 13% (down from 17% in 3Q 2024). Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Renewable Energy industry in Canada. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 18% per year.
Reported Earnings • May 01First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: CA$1.03 (down from CA$1.58 in 1Q 2024). Revenue: CA$988.0m (down 9.9% from 1Q 2024). Net income: CA$144.0m (down 26% from 1Q 2024). Profit margin: 15% (down from 18% in 1Q 2024). Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) also surpassed analyst estimates by 78%. Revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Canada are expected to grow by 3.8%. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
分析記事 • May 04Downgrade: Here's How Analysts See Capital Power Corporation (TSE:CPX) Performing In The Near TermThe analysts covering Capital Power Corporation ( TSE:CPX ) delivered a dose of negativity to shareholders today, by...
Recent Insider Transactions • May 04Independent Chair recently bought CA$958k worth of stockOn the 1st of May, Barry Perry bought around 15k shares on-market at roughly CA$64.75 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Barry's only on-market trade for the last 12 months.
Declared Dividend • May 01First quarter dividend of CA$0.69 announcedShareholders will receive a dividend of CA$0.69. Ex-date: 30th June 2026 Payment date: 31st July 2026 Dividend yield will be 4.3%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 23x earnings) nor is it covered by cash flows (193% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 2,481% to bring the payout ratio under control. EPS is expected to grow by 200% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • Apr 30First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: CA$0.04 (down from CA$1.04 in 1Q 2025). Revenue: CA$1.21b (up 26% from 1Q 2025). Net income: CA$15.0m (down 90% from 1Q 2025). Profit margin: 1.2% (down from 15% in 1Q 2025). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 93%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Renewable Energy industry in Canada. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
お知らせ • Apr 29Capital Power Declares Dividend on its Common Shares for the Quarter Ending June 30, 2026, Payable on July 31, 2026The Board of Directors for Capital Power Corporation declared a dividend of $0.6910 per share on the outstanding common shares for the quarter ending June 30, 2026. The dividend is payable on July 31, 2026 to shareholders of record at the close of business on June 30, 2026.
ナラティブの更新 • Apr 27CPX: Fair Value View Will Depend On Profit Margins And New Finance LeadershipAnalysts have inched their CA$ fair value estimate for Capital Power up to about CA$74.63 per share, citing updated views on discount rates, profit margins, and forward P/E expectations following recent research updates and a CA$1 price target increase at CIBC. Analyst Commentary Bullish Takeaways Bullish analysts view the recent CA$1 price target adjustment as support for the updated fair value estimate around CA$74.63 per share.
ナラティブの更新 • Apr 12CPX: Reliability Focus And New Finance Leadership Will Shape Future ReturnsAnalysts have kept their fair value estimate for Capital Power steady at about CA$74.54, with only very small tweaks to inputs such as the discount rate and future P/E assumptions. This reflects incremental model updates rather than a major change in view.
お知らせ • Apr 02Capital Power Corporation to Report Q1, 2026 Results on Apr 29, 2026Capital Power Corporation announced that they will report Q1, 2026 results Pre-Market on Apr 29, 2026
ナラティブの更新 • Mar 28CPX: Future Returns Will Reflect Extended Arlington Contract And Uprate BenefitsAnalysts have adjusted Capital Power's target price to CA$82 from CA$80, reflecting updated views on the company’s risk profile and earnings outlook while maintaining a broadly consistent long term valuation framework. Analyst Commentary Recent research updates suggest that analysts are reassessing Capital Power's risk and earnings profile while keeping their core valuation approach largely intact.
Upcoming Dividend • Mar 24Upcoming dividend of CA$0.69 per shareEligible shareholders must have bought the stock before 31 March 2026. Payment date: 30 April 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.3%. Lower than top quartile of Canadian dividend payers (5.7%). In line with average of industry peers (4.3%).
ナラティブの更新 • Mar 10CPX: Future Returns Will Reflect Long Dated Arlington Cash Flows And Uprate BenefitsAnalysts have nudged their Capital Power price target up by CA$2 to CA$82. This reflects updated assumptions around discount rates, revenue growth, margins and future P/E that align with recent Street research.
Declared Dividend • Mar 06Fourth quarter dividend of CA$0.69 announcedShareholders will receive a dividend of CA$0.69. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 4.5%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is not covered by earnings (253% earnings payout ratio) nor is it covered by cash flows (441% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 181% to bring the payout ratio under control. EPS is expected to grow by 116% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • Mar 05Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CA$0.88 (down from CA$5.16 in FY 2024). Revenue: CA$3.72b (up 1.2% from FY 2024). Net income: CA$160.0m (down 76% from FY 2024). Profit margin: 4.3% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 54%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Renewable Energy industry in Canada. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 04Capital Power Corporation Declares Dividend on Common Shares for the Quarter Ending March 31, 2026, Payable on April 30, 2026The Board of Directors for Capital Power Corporation declared a dividend of $0.6910 per share on the outstanding common shares for the quarter ending March 31, 2026. The dividend is payable on April 30, 2026 to shareholders of record at the close of business on March 31, 2026.
ナラティブの更新 • Feb 23CPX: Future Returns Will Reflect Long Dated Arlington Cash Flows And Uprate BenefitsAnalysts have adjusted their view on Capital Power, with one firm lifting its price target to CA$82 from CA$80, reflecting updated assumptions on discount rates and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts view the higher CA$82 price target as support for their updated assumptions on Capital Power's P/E, suggesting they see room for the shares to reflect those revised earnings multiples over time.
お知らせ • Feb 20Capital Power Corporation Announces CFO ChangesCapital Power Corporation has announced the appointment of Kevin MacIntosh as Chief Financial Officer, effective March 16, 2026. Mr. MacIntosh has over 30 years of experience as a finance leader working in large, complex organizations within the global energy industry and brings expertise across multi-jurisdictional operations, cross-border transactions, energy trading and diverse regulatory landscapes. He has a proven track record in strategic leadership and business optimization, leading high-performance teams across financial planning and analysis, external reporting, internal controls, and finance reporting system transformation. Most recently, Mr. MacIntosh served as Vice President and Controller for Suncor Energy. In this role, he led the implementation of a next-generation intelligent ERP system and the company’s geographic consolidation efforts, as well as served as the finance integration lead as Suncor Energy assumed operatorship of Syncrude Company Limited. Prior to this role, Mr. MacIntosh worked across finance functions in Suncor’s downstream and upstream operations. He also held several leadership roles for Irving Oil that included leadership of the firm’s supply and trading operations. He holds a Bachelor of Commerce from Dalhousie University and holds a CPA-CGA designation. Scott Manson, who has served as Interim CFO, will continue to support the onboarding process and assist Mr. MacIntosh until the end of April 2026.
お知らせ • Feb 17Capital Power Corporation, Annual General Meeting, Apr 28, 2026Capital Power Corporation, Annual General Meeting, Apr 28, 2026.
分析記事 • Feb 13Does Capital Power (TSE:CPX) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Feb 10Capital Power Corporation to Report Q4, 2025 Results on Mar 04, 2026Capital Power Corporation announced that they will report Q4, 2025 results Pre-Market on Mar 04, 2026
ナラティブの更新 • Feb 09CPX: Future Returns Will Reflect Long Dated Arlington Tolling Cash FlowsNarrative Update on Capital Power Analysts have nudged their price target on Capital Power to C$82 from C$80, reflecting updated assumptions around discount rates, long term revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent Street research around Capital Power focuses on how updated assumptions feed into valuation and execution risks, rather than any single near term catalyst.
ナラティブの更新 • Jan 24CPX: Future Returns Will Reflect Long Term Contracted U.S. Gas Cash FlowsAnalysts have nudged their fair value estimate for Capital Power higher to about C$74.71 from roughly C$74.46, citing a series of recent price target increases across the Street that reflect updated views on revenue growth, margins, and future P/E assumptions. Analyst Commentary Recent research updates around Capital Power cluster tightly in a C$73 to C$82 fair value range, which helps explain the modest move higher in the aggregated fair value estimate.
ナラティブの更新 • Jan 08CPX: Future Returns Will Reflect Long Term Contracted And Merchant Cash FlowsAnalysts have raised their price targets on Capital Power into a C$73 to C$85 range, with several firms moving to around C$80 to C$82, citing updated views on valuation inputs such as discount rates and future P/E assumptions. Analyst Commentary Recent Street research shows a tight cluster of targets between C$73 and C$85, with several bullish analysts moving into the C$80 to C$82 area.
Upcoming Dividend • Dec 24Upcoming dividend of CA$0.69 per shareEligible shareholders must have bought the stock before 31 December 2025. Payment date: 30 January 2026. Payout ratio is on the higher end at 100%, and the cash payout ratio is above 100%. Trailing yield: 4.6%. Lower than top quartile of Canadian dividend payers (5.9%). In line with average of industry peers (4.6%).
ナラティブの更新 • Dec 18CPX: Future Performance Will Reflect Long Term Contracted Cash Flow From New ProjectsThe analyst price target for Capital Power has been increased by C$1.00. This change reflects analysts' view that stronger revenue growth prospects and a higher future earnings multiple more than offset slightly lower profit margin assumptions and a modestly higher discount rate.
ナラティブの更新 • Dec 04CPX: Future Performance Will Reflect Long Term Contracted Cash Flow UpsideAnalysts have lifted their consolidated price target for Capital Power to about C$80, reflecting increased confidence in the company’s underappreciated growth profile, resilient margins, and U.S.-like expansion prospects. Analyst Commentary Recent Street research points to a broadly constructive view on Capital Power, with multiple firms raising their price targets and reiterating positive ratings in quick succession.
ナラティブの更新 • Nov 20CPX: Future Performance Will Reflect Recent Storage and Contract Wins Driving UpsideThe analyst price target for Capital Power saw a modest decrease of $0.50 to $75.46 per share, as analysts cite adjustments in fair value and discount rate. This comes despite ongoing positive sentiment highlighted by several recent price target increases across major investment firms.
Major Estimate Revision • Nov 05Consensus EPS estimates fall by 20%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CA$3.26b to CA$3.47b. EPS estimate fell from CA$1.94 to CA$1.55 per share. Net income forecast to grow 6.5% next year vs 8.2% growth forecast for Renewable Energy industry in Canada. Consensus price target up from CA$73.96 to CA$75.96. Share price was steady at CA$70.68 over the past week.
ナラティブの更新 • Nov 05CPX: Future Performance Will Reflect Weighing New Projects Against Margin PressuresAnalysts have modestly raised their price target for Capital Power, increasing it from approximately C$74 to C$76. They cite a series of upward target revisions across the Street that reflect confidence in the company's outlook, despite tempered growth estimates.
Declared Dividend • Nov 02Third quarter dividend of CA$0.69 announcedShareholders will receive a dividend of CA$0.69. Ex-date: 31st December 2025 Payment date: 30th January 2026 Dividend yield will be 3.8%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) nor is it covered by cash flows (192% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. EPS is expected to grow by 47% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Oct 30Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: CA$0.94 (down from CA$1.32 in 3Q 2024). Revenue: CA$1.21b (up 20% from 3Q 2024). Net income: CA$154.0m (down 11% from 3Q 2024). Profit margin: 13% (down from 17% in 3Q 2024). Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Renewable Energy industry in Canada. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 18% per year.
お知らせ • Oct 29Capital Power Declares Dividends for the Quarter Ending December 31, 2025, Payable on January 30, 2026The Board of Directors for Capital Power Corporation declared a dividend of $0.6910 per share on the outstanding common shares for the quarter ending December 31, 2025. The dividend is payable on January 30, 2026 to shareholders of record at the close of business on December 31, 2025.
ナラティブの更新 • Oct 22Analysts Raise Targets for Capital Power on Improved Margins and Strong Growth OutlookAnalysts have raised their price target for Capital Power, increasing the fair value estimate from approximately C$69 to nearly C$74. The upward revision is supported by improved profit margins and continued confidence in the company's growth prospects.
分析記事 • Oct 09Capital Power Corporation's (TSE:CPX) 29% Price Boost Is Out Of Tune With EarningsCapital Power Corporation ( TSE:CPX ) shareholders have had their patience rewarded with a 29% share price jump in the...
ナラティブの更新 • Oct 08North American Demand Trends Will Expose Overvaluation RisksAnalysts have increased their average price target for Capital Power, raising it by approximately C$1.45 to C$69.04. They cite the company's underappreciated growth prospects and consistent upward revisions from multiple firms.
Upcoming Dividend • Sep 22Upcoming dividend of CA$0.69 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 31 October 2025. Payout ratio is on the higher end at 88% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Canadian dividend payers (5.8%). Lower than average of industry peers (4.8%).
ナラティブの更新 • Sep 20North American Demand Trends Will Expose Overvaluation RisksConsensus analyst price targets for Capital Power have been revised upward, reflecting stronger earnings momentum, improved cash flow forecasts, and enhanced growth visibility from portfolio diversification and a favorable policy environment, resulting in a new target of CA$67.59. Analyst Commentary Bullish analysts cite stronger-than-expected earnings momentum, leading to increased confidence in management’s execution.
分析記事 • Sep 09Capital Power (TSE:CPX) Seems To Be Using A Lot Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
ナラティブの更新 • Aug 27North American Demand Trends Will Expose Overvaluation RisksDespite a substantial increase in consensus revenue growth projections and a notable decline in future P/E, the consensus analyst price target for Capital Power has been modestly reduced from CA$66.73 to CA$64.55. What's in the News Capital Power announced a 6% increase in its quarterly dividend to $0.6910 per share, raising its annualized dividend to $2.764 per common share.
Major Estimate Revision • Aug 06Consensus EPS estimates fall by 49%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CA$3.51b to CA$3.24b. EPS estimate also fell from CA$3.28 per share to CA$1.67 per share. Net income forecast to grow 0.5% next year vs 27% growth forecast for Renewable Energy industry in Canada. Consensus price target broadly unchanged at CA$65.33. Share price fell 8.3% to CA$57.13 over the past week.
Declared Dividend • Aug 01Second quarter dividend increased to CA$0.69Dividend of CA$0.69 is 6.0% higher than last year. Ex-date: 29th September 2025 Payment date: 31st October 2025 Dividend yield will be 4.7%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (88% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Jul 31New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (19% increase in shares outstanding).
お知らせ • Jul 30Capital Power Corporation Declares Dividend for the Quarter Ending September 30, 2025, Payable on October 31, 2025The Board of Directors for Capital Power Corporation declared a dividend of $0.6910 per share on the outstanding common shares for the quarter ending September 30, 2025. The dividend is payable on October 31, 2025 to shareholders of record at the close of business on September 29, 2025. The quarterly dividend of $0.6910 per common share compared to the previous $0.6519 dividend represents a 6% increase, and an annualized dividend of $2.764 per common share.
お知らせ • Jul 14Capital Power Corporation Announces Management ChangesCapital Power Corporation announced Ferio Pugliese has joined the company as Senior Vice President, Chief Corporate Officer, effective today. Mr. Pugliese succeeds Jacquie Pylypiuk. In his new role, Mr. Pugliese will oversee People & Culture, Information Services, Data Science & Insights, Energy Markets & Low Carbon Solutions, and Communications & Community Engagement. A seasoned executive with leadership experience across multiple sectors, including energy and aerospace, Mr. Pugliese is known for driving transformation through a people-first approach and a proven ability to scale complex organizations. Further strengthening its executive capabilities, Capital Power recently welcomed Roger Huang as Vice President, Corporate Development and U.S. Renewables, effective June 5, 2025. In this newly created role, Mr. Huang reports directly to the CEO and is responsible for advancing Capital Power’s growth ambitions, corporate partnerships, and U.S. renewables platform. Mr. Huang brings significant investment and energy sector expertise, with a background spanning senior executive roles in private equity and in industry.
New Risk • Jun 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 6.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.6% per year for the foreseeable future. Minor Risks High level of debt (92% net debt to equity). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding).
Upcoming Dividend • Jun 23Upcoming dividend of CA$0.65 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 31 July 2025. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Canadian dividend payers (6.1%). In line with average of industry peers (4.8%).
お知らせ • Jun 10Capital Power Corporation (TSX:CPX) completed the acquisition of Two Flexible Generation Assets in PJM from LS Power Equity Advisors.Capital Power Corporation (TSX:CPX) entered into a definitive agreement to acquire Two Flexible Generation Assets in PJM from LS Power Equity Advisors, LLC for $2.2 billion on April 14, 2025. The Acquisition is expected to be $2.2 billion (CAD 3 billion), subject to customary post-closing adjustments, including working capital and estimated transaction expenses. Net proceeds from Capital Power’s concurrent $500 million common share offering will fully address the equity funding requirement for the Acquisition. The Company has entered into a commitment letter dated April 14, 2025 (the “Commitment Letter”) with a Canadian chartered bank affiliate of TD Securities Inc. for fully underwritten $2 billion senior unsecured term loans. In addition, the Company has access to $1 billion under its existing revolving credit facilities, which are currently undrawn. If drawn, repayment or refinancing of the facilities is expected through the issuance of senior notes and/or hybrid notes or other sources, subject to market conditions and other factors. The Acquisition is expected to close in the third quarter of 2025, subject to receipt of regulatory approvals and the satisfaction of other customary closing conditions. As per the filing announced on June 9,2025, the Federal Energy Regulatory Commission approved the Acquisition on June 2, 2025, and the applicable waiting period under the Hart-Scott-Rodino Act, expired on June 4, 2025. Evercore Inc. acted as financial advisor for Capital Power Corporation. TD Securities, Inc. acted as financial advisor for Capital Power Corporation. Eli G. Hunt, Javad Asghari, Matthew P. Einbinder, Brian E. Rosenzweig, Jason A. Hwang, Jonathan Goldstein, Daniel J. Venditti, Tristan Brown, Krista B. McManus and Dennis J. Loiacono of Simpson Thacher & Bartlett LLP acted as legal advisors for Capital Power Corporation. Capital Power Corporation (TSX:CPX) completed the acquisition of Two Flexible Generation Assets in PJM from LS Power Equity Advisors on June 9, 2025.
Reported Earnings • May 01First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: CA$1.03 (down from CA$1.58 in 1Q 2024). Revenue: CA$988.0m (down 9.9% from 1Q 2024). Net income: CA$144.0m (down 26% from 1Q 2024). Profit margin: 15% (down from 18% in 1Q 2024). Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) also surpassed analyst estimates by 78%. Revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Canada are expected to grow by 3.8%. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 30Capital Power Corporation Declares Dividend for its Common Shares for the Quarter Ending June 30, 2025, Payable on July 31, 2025The Board of Directors for Capital Power Corporation declared a dividend of $0.6519 per share on the outstanding common shares for the quarter ending June 30, 2025. The dividend is payable on July 31, 2025 to shareholders of record at the close of business on June 30, 2025.
Major Estimate Revision • Apr 24Consensus EPS estimates increase by 18%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CA$2.22 to CA$2.63. Revenue forecast steady at CA$2.68b. Net income forecast to shrink 48% next year vs 30% growth forecast for Renewable Energy industry in Canada . Consensus price target down from CA$66.38 to CA$64.73. Share price rose 6.4% to CA$50.20 over the past week.
New Risk • Apr 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. Minor Risks High level of debt (90% net debt to equity). Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Large one-off items impacting financial results. Shareholders have been diluted in the past year (17% increase in shares outstanding).
お知らせ • Apr 23Capital Power Corporation announced that it has received CAD 150 million in funding from Alberta Investment Management CorporationOn April 22, 2025, Capital Power Corporation, closed the transaction. The company issued 3,455,000 common shares at a price of CAD 43.41534 for the gross proceeds of CAD 149,999,999.7.
お知らせ • Apr 22Capital Power Corporation has completed a Follow-on Equity Offering in the amount of CAD 449.7075 million.Capital Power Corporation has completed a Follow-on Equity Offering in the amount of CAD 449.7075 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 10,350,000 Price\Range: CAD 43.45 Discount Per Security: CAD 1.738
お知らせ • Apr 15+ 1 more updateCapital Power Corporation (TSX:CPX) entered into a definitive agreement to acquire Two Flexible Generation Assets in PJM from LS Power Equity Advisors, LLC for $2.2 billion.Capital Power Corporation (TSX:CPX) entered into a definitive agreement to acquire Two Flexible Generation Assets in PJM from LS Power Equity Advisors, LLC for $2.2 billion on April 14, 2025. The Acquisition is expected to be $2.2 billion (CAD 3 billion), subject to customary post-closing adjustments, including working capital and estimated transaction expenses. Net proceeds from Capital Power’s concurrent $500 million common share offering will fully address the equity funding requirement for the Acquisition. The Company has entered into a commitment letter dated April 14, 2025 (the “Commitment Letter”) with a Canadian chartered bank affiliate of TD Securities Inc. for fully underwritten $2 billion senior unsecured term loans. In addition, the Company has access to $1 billion under its existing revolving credit facilities, which are currently undrawn. If drawn, repayment or refinancing of the facilities is expected through the issuance of senior notes and/or hybrid notes or other sources, subject to market conditions and other factors. The Acquisition is expected to close in the third quarter of 2025, subject to receipt of regulatory approvals and the satisfaction of other customary closing conditions. Evercore Inc. acted as financial advisor for Capital Power Corporation. TD Securities, Inc. acted as financial advisor for Capital Power Corporation. Eli Hunt, Javad Asghari, Brian Rosenzweig, Matthew Einbinder, Jason Hwang, Jonathan Goldstein, Tristan Brown, Daniel Venditti, Krista McManus and Dennis Loiacono of Simpson Thacher & Bartlett LLP acted as legal advisors for Capital Power Corporation.
Upcoming Dividend • Mar 24Upcoming dividend of CA$0.65 per shareEligible shareholders must have bought the stock before 31 March 2025. Payment date: 30 April 2025. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Lower than top quartile of Canadian dividend payers (6.3%). In line with average of industry peers (5.2%).
お知らせ • Mar 20+ 2 more updatesCapital Power Corporation to Report Q3, 2025 Results on Oct 29, 2025Capital Power Corporation announced that they will report Q3, 2025 results on Oct 29, 2025
Declared Dividend • Feb 28Fourth quarter dividend of CA$0.65 announcedShareholders will receive a dividend of CA$0.65. Ex-date: 31st March 2025 Payment date: 30th April 2025 Dividend yield will be 5.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (491% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 62% over the next 3 years. Since a fall of 45% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
New Risk • Feb 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 37% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 26% per year for the foreseeable future. Minor Risks High level of debt (90% net debt to equity). Dividend is not well covered by cash flows (491% cash payout ratio). Large one-off items impacting financial results.
Reported Earnings • Feb 27Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: CA$5.16 (down from CA$6.07 in FY 2023). Revenue: CA$3.68b (down 9.6% from FY 2023). Net income: CA$665.0m (down 6.3% from FY 2023). Profit margin: 18% (in line with FY 2023). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is expected to decline by 7.5% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Canada are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 26Capital Power Corporation Declares Dividend for the Quarter Ending March 31, 2025, Payable on April 30, 2025The Board of Directors for Capital Power Corporation declared a dividend of $0.6519 per share on the outstanding common shares for the quarter ending March 31, 2025. The dividend is payable on April 30, 2025 to shareholders of record at the close of business on March 31, 2025.
お知らせ • Feb 17Capital Power Corporation, Annual General Meeting, Apr 29, 2025Capital Power Corporation, Annual General Meeting, Apr 29, 2025.
お知らせ • Jan 30Capital Power Corporation to Report Q4, 2024 Results on Feb 26, 2025Capital Power Corporation announced that they will report Q4, 2024 results Pre-Market on Feb 26, 2025
Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CA$50.69, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Renewable Energy industry in Canada. Total returns to shareholders of 51% over the past three years.
Upcoming Dividend • Dec 24Upcoming dividend of CA$0.65 per shareEligible shareholders must have bought the stock before 31 December 2024. Payment date: 31 January 2025. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (4.8%).
お知らせ • Dec 18Capital Power Corporation has completed a Follow-on Equity Offering in the amount of CAD 399.84 million.Capital Power Corporation has completed a Follow-on Equity Offering in the amount of CAD 399.84 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 6,800,000 Price\Range: CAD 58.8 Discount Per Security: CAD 2.352
Price Target Changed • Dec 17Price target increased by 7.4% to CA$61.78Up from CA$57.50, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CA$63.32. Stock is up 68% over the past year. The company is forecast to post earnings per share of CA$4.17 for next year compared to CA$6.07 last year.
Price Target Changed • Dec 12Price target increased by 7.1% to CA$60.63Up from CA$56.60, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of CA$61.02. Stock is up 58% over the past year. The company is forecast to post earnings per share of CA$4.21 for next year compared to CA$6.07 last year.
お知らせ • Dec 11Capital Power Corporation has filed a Follow-on Equity Offering in the amount of CAD 350.448 million.Capital Power Corporation has filed a Follow-on Equity Offering in the amount of CAD 350.448 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 5,960,000 Price\Range: CAD 58.8
新しいナラティブ • Dec 06Genesee Repower's Soaring CapEx And Carbon Compliance Costs Threaten Profit Margins High CapEx for projects like Genesee Repower may lower profitability, affecting earnings through increased capital outlay requirements.
お知らせ • Nov 27Axium Infrastructure Inc. agreed to acquire 49% stake Quality Wind facility in British Columbia and the Port Dover and Nanticoke Wind facility in Ontario from Capital Power Corporation (TSX:CPX) for approximately $340 million.Axium Infrastructure Inc. agreed to acquire 49% stake in Quality Wind facility in British Columbia and the Port Dover and Nanticoke Wind facility in Ontario from Capital Power Corporation (TSX:CPX) for approximately $340 million on November 26, 2024. A cash consideration of $340 million will be paid by Axium to Capital Power. The transaction is expected to close by year-end 2024, subject to customary closing conditions. CIBC Capital Markets acted as financial advisor to Capital Power and Dentons Canada LLP acted as legal advisor to Capital Power.
Major Estimate Revision • Nov 06Consensus revenue estimates increase by 17%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CA$3.06b to CA$3.59b. EPS estimate increased from CA$4.11 to CA$4.17 per share. Net income forecast to shrink 21% next year vs 17% growth forecast for Renewable Energy industry in Canada . Consensus price target up from CA$49.00 to CA$55.70. Share price rose 16% to CA$58.60 over the past week.
Price Target Changed • Nov 01Price target increased by 14% to CA$55.70Up from CA$49.00, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CA$55.30. Stock is up 42% over the past year. The company is forecast to post earnings per share of CA$4.17 for next year compared to CA$6.07 last year.
お知らせ • Oct 30Capital Power Corporation Declares Dividends for Its Common Shares, Payable on January 31, 2025The Board of Directors for Capital Power Corporation declared a dividend of $0.6519 per share on the outstanding common shares for the quarter ending December 31, 2024. The dividend is payable on January 31, 2025 to shareholders of record at the close of business on December 31, 2024.
お知らせ • Sep 27Capital Power Corporation to Report Q3, 2024 Results on Oct 30, 2024Capital Power Corporation announced that they will report Q3, 2024 results Pre-Market on Oct 30, 2024
Upcoming Dividend • Sep 20Upcoming dividend of CA$0.65 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 31 October 2024. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 5.5%. Lower than top quartile of Canadian dividend payers (5.9%). Higher than average of industry peers (4.7%).
New Risk • Aug 11New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$1.2m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (11% increase in shares outstanding). Significant insider selling over the past 3 months (CA$1.2m sold).
Declared Dividend • Aug 09Second quarter dividend of CA$0.65 announcedShareholders will receive a dividend of CA$0.65. Ex-date: 27th September 2024 Payment date: 31st October 2024 Dividend yield will be 5.8%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 28% over the next 3 years. However, it would need to fall by 46% to increase the payout ratio to a potentially unsustainable range.
Major Estimate Revision • Aug 07Consensus revenue estimates increase by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CA$2.77b to CA$3.16b. EPS estimate unchanged from CA$3.85 at last update. Renewable Energy industry in Canada expected to see average net income growth of 12% next year. Consensus price target up from CA$42.36 to CA$44.91. Share price rose 4.7% to CA$43.41 over the past week.
Reported Earnings • Aug 01Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: CA$774.0m (down 6.0% from 2Q 2023). Net income: CA$75.0m (down 5.1% from 2Q 2023). Profit margin: 9.7% (in line with 2Q 2023). Revenue is expected to decline by 28% p.a. on average during the next 2 years, while revenues in the Renewable Energy industry in Canada are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Jul 31Capital Power Corporation Declares Dividend for the Quarter Ending September 30, 2024, Payable on October 31, 2024The Board of Directors for Capital Power Corporation declared a dividend of $0.6519 per share on the outstanding common shares for the quarter ending September 30, 2024. The dividend is payable on October 31, 2024 to shareholders of record at the close of business on September 30, 2024. The quarterly dividend of $0.6519 per common share compared to the previous $0.615 dividend represents a 6% increase, and an annualized dividend of $2.6076 per common share.
お知らせ • Jun 29Capital Power Corporation to Report Q2, 2024 Results on Jul 31, 2024Capital Power Corporation announced that they will report Q2, 2024 results Pre-Market on Jul 31, 2024
お知らせ • Jun 20Capital Power Corporation Announces Genesee Generating Station Is Off Coal - All Units 100% Natural Gas-FueledCapital Power Corporation announced that the Genesee Generating Station is now 100% natural gas-fueled, resulting in the facility being off coal over 5 years ahead of the Alberta government mandate. As part of the Genesee Repowering project, the facility completed simple cycle commissioning for Unit 1 on May 3, simple cycle testing is underway on Unit 2, and Unit 3 has transitioned to natural gas. The project continues to progress with combined cycle completion expected in Fourth Quarter 2024, which will result in 512 MW of additional net high efficiency, low heat rate capacity from the site.
Board Change • Jun 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Neil Smith was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 16Capital Power Corporation Announces Board ChangesCapital Power Corporation announced the appointment of Neil H. Smith and George Williams to the company’s board of directors (the board) effective May 15, 2024. The appointments follow the departure of Doyle Beneby, who after 12 successful years as a member of the Board, and having reached his term limit, did not stand for reelection at the company’s recent AGM. Neil H. Smith is currently Chief Executive Officer at Vanguard Renewables. He has over 30 years of leadership expertise in the energy sector and deep experience in developing, building, and operating independent power generation infrastructure. Prior to joining Vanguard Renewables, Neil was a founding member and Chief Executive Officer of InterGen Inc. where he played an integral role in the financing, construction, and operation of over $15 billion of development projects across the globe including more than 25 power plants and related infrastructure. Neil previously served on the board of PJM Interconnect and as a director for The Wood Group. George Williams is the former chair and Chief Executive Officer of PMI Energy Solutions. He has 40+ years in the utility industry and hands-on operations experience from executive and senior leadership roles at El Paso Electric Company, Exelon Corporation, Entergy Corporation, and Progress Energy. George brings nuclear energy experience from prior positions at PPL Corporation, Entergy, and PECO Energy Company. George is currently chair of the Board of Trustees of Underwriters Laboratories (UL) Research Institutes, and former chair of its Governance and Compensation Committee. He also serves on the board of directors of UL Solutions Inc.
Recent Insider Transactions • May 12Senior VP & Chief Commercial Officer recently bought CA$745k worth of stockOn the 10th of May, Bryan DeNeve bought around 20k shares on-market at roughly CA$37.23 per share. This transaction increased Bryan's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$729k more in shares than they have sold in the last 12 months.
