CAPITAL POWER CORPORATION Q2 2025 Earnings Recap

Capital Power delivered strong Q2 2025 results highlighted by a significant acquisition of 2.2 gigawatts, enhancing its growth trajectory and stabilizing cash flows across diverse markets.

Key Takeaways

• Closed the acquisition of 2.2 gigawatts of capacity, its largest to date, positioning Capital Power as a leading player in the North American market.
• Achieved operational excellence with the successful initiation of the Goreway uprate project and completion of 62% of scheduled outage days.
• Expanded flexible generation capacity by 5 gigawatts since 2022, now totaling over 10 gigawatts across Canada and the U.S., reducing market risk exposure.
• Executing hedging strategies in the PJM market that align with business objectives, driving confidence in recontracting at favorable prices amid rising demand.
• Continued growth in existing markets, supported by strong fundamentals, resulting in enhanced stability of cash flows and an investment-grade credit rating.