Edition:
United Kingdom

Capital Power Corp (CPX.TO)

CPX.TO on Toronto Stock Exchange

31.14CAD
3:57pm BST
Change (% chg)

$0.24 (+0.78%)
Prev Close
$30.90
Open
$30.92
Day's High
$31.18
Day's Low
$30.87
Volume
45,880
Avg. Vol
308,911
52-wk High
$32.44
52-wk Low
$25.33

Latest Key Developments (Source: Significant Developments)

Capital Power Announces Retirement Plans For Brian Vaasjo, President And CEO
Monday, 29 Jul 2019 

July 29 (Reuters) - Capital Power Corp ::CAPITAL POWER ANNOUNCES RETIREMENT PLANS FOR BRIAN VAASJO, PRESIDENT AND CHIEF EXECUTIVE OFFICER.CAPITAL POWER CORP - ANNOUNCED THAT BRIAN VAASJO, PRESIDENT AND CHIEF EXECUTIVE OFFICER, HAS ADVISED BOARD OF HIS INTENTION TO RETIRE IN 2020.CAPITAL POWER CORP - BOARD WILL COMMENCE A SEARCH FOR A NEW PRESIDENT AND CHIEF EXECUTIVE OFFICER AND WILL ANNOUNCE A SUCCESSOR IN DUE COURSE.CAPITAL POWER CORP - VAASJO WILL CONTINUE IN HIS CURRENT ROLE, LEADING COMPANY AND SERVING ON BOARD OF DIRECTORS, UNTIL HIS SUCCESSOR ASSUMES ROLE.CAPITAL POWER - FOR A PERIOD THEREAFTER, VAASJO WILL REMAIN IN AN ADVISORY ROLE TO SUPPORT BOARD, HIS SUCCESSOR, BUSINESS, ENSURE A SMOOTH TRANSITION.  Full Article

Capital Power Declares Dividends For Its Common And Preference Shares
Monday, 29 Jul 2019 

July 29 (Reuters) - Capital Power Corp ::CAPITAL POWER DECLARES DIVIDENDS FOR ITS COMMON AND PREFERENCE SHARES AND ANNOUNCES A 7.3% DIVIDEND INCREASE FOR ITS COMMON SHARES.CAPITAL POWER CORP - DECLARED A DIVIDEND OF $0.48 PER SHARE ON OUTSTANDING COMMON SHARES FOR QUARTER ENDING SEPT 30, 2019.CAPITAL POWER CORP - QUARTERLY DIVIDEND OF $0.48 PER COMMON SHARE COMPARED TO PREVIOUS $0.4475 DIVIDEND REPRESENTS A 7.3% INCREASE.  Full Article

Capital Power Reports Q2 Adjusted Earnings Per Share C$0.14
Monday, 29 Jul 2019 

July 29 (Reuters) - Capital Power Corp ::CAPITAL POWER REPORTS SOLID SECOND QUARTER 2019 RESULTS AND ANNOUNCES A 7.3% DIVIDEND INCREASE FOR ITS COMMON SHARES.Q2 ADJUSTED EARNINGS PER SHARE C$0.14.Q2 EARNINGS PER SHARE ESTIMATE C$0.36 -- REFINITIV IBES DATA.INCREASED COMMON SHARE DIVIDEND BY 7.3% TO $1.92 PER YEAR REPRESENTING SIXTH CONSECUTIVE ANNUAL INCREASE.QTRLY REVENUES AND OTHER INCOME $366 MILLION VERSUS $369 MILLION.QTRLY ADJUSTED FUNDS FROM OPERATIONS PER SHARE $0.82.ON TRACK TO ACHIEVE AFFO AT TOP END OF $485 MILLION TO $535 MILLION ANNUAL GUIDANCE RANGE FOR 2019.Q2 EARNINGS PER SHARE VIEW C$0.36, REVENUE VIEW C$375.1 MILLION -- REFINITIV IBES DATA.  Full Article

Capital Power Corp Says Proceeding With A Project That Will Maximize Flexibility To Utilize Natural Gas As Fuel At Genesee Generating Station
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Capital Power Corp ::CAPITAL POWER CORP - PROCEEDING WITH A PROJECT THAT WILL MAXIMIZE FLEXIBILITY TO UTILIZE NATURAL GAS AS FUEL AT GENESEE GENERATING STATION.CAPITAL POWER CORP - PROJECT ESTIMATED TO INCREASE ADJUSTED FUNDS FROM OPERATIONS BY APPROXIMATELY $10 MILLION IN 2020 AND $20 MILLION IN 2021..CAPITAL POWER CORP - TOTAL COST OF PROJECT IS ESTIMATED AT $50 MILLION.  Full Article

Capital Power Announces $150 Mln Offering Of 5.75% Cumulative Minimum Rate Reset Preferred Shares
Tuesday, 7 May 2019 

May 7 (Reuters) - Capital Power Corp ::CAPITAL POWER ANNOUNCES $150 MILLION OFFERING OF 5.75% CUMULATIVE MINIMUM RATE RESET PREFERRED SHARES.CAPITAL POWER - WILL ISSUE 6 MILLION CUMULATIVE MINIMUM RATE RESET PREFERENCE SHARES, SERIES 11 AT A PRICE OF $25.00 PER SERIES 11 SHARE.CAPITAL POWER CORP - SERIES 11 SHARES WILL PAY FIXED CUMULATIVE DIVIDENDS OF $1.4375 PER SHARE PER ANNUM, YIELDING 5.75% PER ANNUM.CAPITAL POWER CORP - NET PROCEEDS OF OFFERING WILL BE USED TO REPAY INDEBTEDNESS UNDER CAPITAL POWER'S CREDIT FACILITIES.  Full Article

Capital Power Announces Acquisition Of Goreway Power Station
Monday, 29 Apr 2019 

April 29 (Reuters) - Capital Power Corp ::CAPITAL POWER ANNOUNCES STRATEGIC ACQUISITION OF GOREWAY POWER STATION AND A $130 MILLION SUBSCRIPTION RECEIPT OFFERING.CAPITAL POWER CORP - PURCHASE PRICE IS $387 MILLION IN TOTAL CASH CONSIDERATION.CAPITAL POWER CORP - PURCHASE PRICE INCLUDES ASSUMPTION OF $590 MILLION OF PROJECT LEVEL DEBT.CAPITAL POWER CORP - ACQUISITION IS EXPECTED TO GENERATE APPROXIMATELY $124 MILLION OF ADJUSTED EBITDA IN 2020.CAPITAL POWER CORP - ACQUISITION IS EXPECTED TO GENERATE $50 MILLION OF ADJUSTED FUNDS FROM OPERATIONS (AFFO) IN 2020.CAPITAL POWER CORP SEES 2019 AFFO OF $485 MILLION TO $535 MILLION.CAPITAL POWER - DEAL TO BE FINANCED WITH NET PROCEEDS RAISED BY $130 MILLION SUBSCRIPTION RECEIPT OFFERING FOLLOWED LATER BY FUNDING FROM OTHER SOURCES.CAPITAL POWER CORP - ACQUISITION IS FORECASTED TO BE $0.27 ACCRETIVE TO AFFO PER SHARE IN 2020 REPRESENTING GROWTH OF APPROXIMATELY 6%..CAPITAL POWER CORP SEES 2019 ADJUSTED EBITDA OF $870 MILLION TO $920 MILLION.CAPITAL POWER CORP - NET PROCEEDS FROM PUBLIC OFFERING WILL BE USED TO PARTIALLY FINANCE ACQUISITION..CAPITAL POWER CORP - EXPECTS TO FINANCE ACQUISITION USING A COMBINATION OF DEBT AND EQUITY.  Full Article

Capital Power Corp says Qtrly Revenues And Other Income of $397 Million Vs $313 Million
Monday, 29 Apr 2019 

April 29 (Reuters) - Capital Power Corp ::CAPITAL POWER REPORTS SOLID FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED FFO PER SHARE C$1.15.NET CASH FLOWS FROM OPERATING ACTIVITIES WERE $286 MILLION IN Q1 OF 2019 COMPARED WITH $143 MILLION.QTRLY REVENUES AND OTHER INCOME $397 MILLION VERSUS $313 MILLION.QTRLY NORMALIZED EARNINGS PER SHARE $ 0.29.  Full Article

Capital Power Posts Q4 Adj. Earnings Per Share C$0.24
Friday, 16 Feb 2018 

Feb 16 (Reuters) - Capital Power Corp ::CAPITAL POWER REPORTS FOURTH QUARTER AND YEAR-END 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE C$0.24.‍NET LOSS ATTRIBUTABLE TO SHAREHOLDERS IN Q4 OF 2017 WAS $10 MILLION, OR BASIC LOSS OF $0.20 PER SHARE​.CAPITAL POWER - ‍DURING Q4 ,TCJA RESULTED IN RE-MEASUREMENT OF U.S. DEFERRED TAX ASSETS & LIABILITIES RESULTING DEFERRED INCOME TAX EXPENSE OF $31 MILLION​.QTRLY REVENUES AND OTHER INCOME $261 MILLION VERSUS $280 MILLION ‍​.‍EXPECTS ADJUSTED FUNDS FROM OPERATIONS FOR 2018 TO BE ABOVE MID POINT OF GUIDANCE RANGE OF $360 MILLION TO $400 MILLION​.  Full Article

Capital Power provides updates at its Annual Investor day event
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Capital Power Corp ::“DRIVING TO A SUSTAINABLE FUTURE” – CAPITAL POWER PROVIDES UPDATES AT ITS ANNUAL INVESTOR DAY EVENT.CAPITAL POWER CORP - SEES 2017 ADJUSTED FUNDS FROM OPERATIONS NEAR MID-POINT OF REVISED ANNUAL TARGET RANGE OF $340 MILLION TO $385 MILLION.CAPITAL POWER - FOR 2018, CO IS TARGETING ABOUT 5% INCREASE IN AFFO BASED ON MID-POINT OF ITS $360 MILLION TO $400 MILLION TARGET RANGE.CAPITAL POWER CORP - SEES 2018 COMMIT CAPITAL OF $500 MILLION FOR CONTRACTED GROWTH.CAPITAL POWER CORP - REAFFIRMS ITS 7% ANNUAL DIVIDEND GROWTH GUIDANCE TO 2020.  Full Article

Capital Power Q3 adjusted earnings per share C$0.28
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Capital Power Corp ::Capital power reports third quarter 2017 results.Q3 adjusted earnings per share C$0.28.Q3 earnings per share view C$0.33 -- Thomson Reuters I/B/E/S.Sets FY dividend of C$1.67per share.Capital Power Corp - qtrly loss per share C$0.13‍​.Capital Power Corp - qtrly ‍revenues and other income $346 million versus $374 million ​.Capital power-in quarter,recognized pre-tax impairment charges of $32 million, $14 million, $37 million with respect to Southport, Roxboro, Decatur energy facilities​.Capital Power Corp - ‍ pre-tax impairment charges of $32 million, $14 million and $37 million in quarter had no cash impact​.  Full Article

Japan's Toyota Tsusho, JERA to sell Canada's Goreway power station for $289 million

TOKYO Japan's Toyota Tsusho Corp and JERA said on Tuesday they would sell their shares in the Goreway thermal power station in Ontario, Canada to Capital Power Corp for a total of about 32 billion yen ($289 million).