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Capital Power Corp T.CPX

Alternate Symbol(s):  T.CPX.P.E | T.CPX.P.K | CPRHF | CPXWF | CPWPF | T.CPX.P.A | T.CPX.P.C

Capital Power Corporation is a growth-oriented power producer company. The Company develops, acquires, owns, and operates renewable and thermal power generation facilities and manages its related electricity and natural gas portfolios. It is involved in the operation of electrical generation facilities within Canada and in the United States. The Company has approximately 9,300 megawatts (MW) of power generation capacity at 32 facilities across North America. Its projects under construction include over 140 MW of renewable generation capacity and 512 MW of incremental natural gas combined cycle capacity from the repowering of Genesee 1 and 2 in Alberta, and over 350 MW of natural gas and battery energy storage systems in Ontario and approximately 70 MW of solar capacity in North Carolina in advanced development. Its La Paloma facility is located in Kern County, California. The Company also has a Harquahala natural gas generation facility in Arizona.


TSX:CPX - Post by User

Post by Betteryear2on May 01, 2023 9:11pm
482 Views
Post# 35424125

Capital Power reports first quarter results

Capital Power reports first quarter results

EDMONTON, Alberta, May 01, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) today released financial results for the quarter ended March 31, 2023.

Financial highlights

  • Generated net cash flows from operating activities of $349 million and adjusted funds from operations (AFFO) of $210 million
  • Generated net income of $285 million and adjusted EBITDA of $401 million
  • Full-year AFFO and adjusted EBITDA trending to the upper end of annual guidance ranges for 2023
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