Q1 2025 Capital Power Corp Earnings Call Transcript
Key Points
- Capital Power Corp (CPXWF) delivered 9.6 terawatt hours of reliable power across its strategically positioned portfolio, showcasing strong contributions from all four revised segments.
- The company announced the largest acquisition in its history, entering North America's significant PJM power market, which is expected to enhance its market presence.
- Capital Power Corp (CPXWF) has a strong track record of maintaining financial flexibility and discipline, demonstrated by its ability to finance growth through a mix of cash, corporate debt, and equity offerings.
- The company reported a strong quarter with adjusted EBITDA of $367 million, an $88 million increase year-over-year, driven by lower emission costs and strong performance in its flexible generation portfolios.
- Capital Power Corp (CPXWF) has a history of 11 years of consecutive dividend growth, maintaining a low dividend payout ratio while investing in growth opportunities.
- The company faces uncertainty in the macro environment, which could impact its strategic initiatives and market conditions.
- There are risks associated with the integration of new acquisitions, particularly in the PJM market, which is a new territory for Capital Power Corp (CPXWF).
- The forward-looking statements and assumptions made by the company are subject to various risks and uncertainties, which could lead to different actual results.
- The company is exposed to merchant power market risks, particularly with the PJM assets, which could affect its financial performance if market conditions change.
- Capital Power Corp (CPXWF) faces challenges in securing long-term contracts and hedges, particularly in the Alberta market, where forward curves have softened.
Thank you for standing by and welcome to the Capital Power Corporation's first quarter 2025 analyst conference call. (Operator Instructions) Now I'd like to introduce your host for today's program, Roy Arthur, Vice President Strategic Planning and Investor Relations. Please go ahead, sir.
Good morning, everyone. My name is Roy Arthur, Vice President Strategy Planning and Investor relations. Thank you for joining us to Apple View Power's first quarter 2025 results, which we published earlier today. Our first quarter report and presentation for this conference call are available on our website.
During today's call, our President and CEO Avik Dey will provide an update on our business. Following that, Sandra Haskins, our SVP Finance and CFO, will present a review of the quarterly and financials for the company.
Avik will wrap up with a review of our 2025 strategic priorities after which we will open the floor to questions from analysts in our interactive Q&A session.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
