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United States

Capital Power Corp (CPX.TO)

CPX.TO on Toronto Stock Exchange

22.69CAD
16 Feb 2018
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$-0.20 (-0.87%)
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Latest Key Developments (Source: Significant Developments)

Capital Power Posts Q4 Adj. Earnings Per Share C$0.24
Friday, 16 Feb 2018 08:00am EST 

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 06:00am EST 

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 08:00am EDT 

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

CAPITAL POWER ANNOUNCES $450 MILLION MEDIUM TERM NOTE OFFERING
Wednesday, 13 Sep 2017 04:48pm EDT 

Sept 13 (Reuters) - Capital Power Corp :CAPITAL POWER ANNOUNCES $450 MILLION MEDIUM TERM NOTE OFFERING.CAPITAL POWER CORP - ‍NOTES HAVE A COUPON RATE OF 4.284% AND MATURE ON SEPTEMBER 18, 2024​.  Full Article

Capital Power secures long-term contract for its 99 megawatt New Frontier Wind Project
Wednesday, 30 Aug 2017 04:15pm EDT 

Aug 30 (Reuters) - Capital Power Corp ::Capital power secures long-term contract for its 99 megawatt New Frontier Wind Project.Capital Power Corp says ‍project cost is expected to be approximately $182 million​.Capital Power Corp says ‍development of New Frontier Wind Project is proceeding immediately​.Capital Power Corp says ‍new Frontier Wind is a 99 megawatt (mw) facility located in Mchenry County, North Dakota​.Capital Power Corp says ‍commercial operation of facility is expected to commence in December of 2018​.  Full Article

Capital Power announces $125 mln offering of 5.75% cumulative minimum rate reset preferred shares
Thursday, 27 Jul 2017 09:09am EDT 

July 27 (Reuters) - Capital Power Corp :Capital power announces $125 million offering of 5.75% cumulative minimum rate reset preferred shares.Capital power corp - ‍net proceeds of offering will be used to reduce indebtedness under capital power's credit facilities​.Capital power corp - will issue 5 million cumulative minimum rate reset preference shares, series 9 at a price of $25.00 per series 9 share.  Full Article

Capital Power reports Q2 adjusted earnings per share C$0.27
Wednesday, 26 Jul 2017 08:00am EDT 

July 26 (Reuters) - Capital Power Corp ::Capital power reports second quarter 2017 results and announces a 7.1pct dividend increase for its common shares.Q2 adjusted earnings per share C$0.27.Q2 earnings per share view C$0.26 -- Thomson Reuters I/B/E/S.Capital Power - approved a 7.1pct or $0.11 per common share dividend increase that increases annualized dividend to $1.67 per share effective for Q3.Capital Power Corp says company also extends its 7pct annual dividend growth guidance out to 2020.Capital Power Corp - extending our current 7 percent annual dividend growth guidance for 2018 by an additional two years to end of 2020.Capital Power Corp - qtrly earnings per share ‍$1.03​.Capital Power -approved 7.1pct or $0.11/common share dividend increase that increases annualized dividend to $1.67/share effective for Q3 dividend payment.Capital Power Corp qtrly revenues and other income $201 million versus $226 million.  Full Article

Capital Power closes 284 megawatt contracted thermal portfolio acquisition from Veresen
Thursday, 13 Apr 2017 04:05pm EDT 

Capital Power Corp - :Capital Power announces closing of the 284 megawatt contracted thermal portfolio acquisition from Veresen Inc.  Full Article

Capital Power enters into cost savings agreement related to the Genesee Mine
Tuesday, 28 Mar 2017 04:00pm EDT 

Capital Power Corp : Capital Power enters into a cost savings agreement related to the Genesee Mine . Capital Power Corp - has entered into an agreement to amend its Genesee Mine Joint Venture agreement With Prairie Mines & Royalty ULC . Capital Power Corp - Capital Power will continue to pay PMRU contracted mining fees for PMRU's ongoing operation of mine . Capital Power Corp - by accelerating $70 million repayment of capital expenditures to PMRU, deal will reduce capital power's cost of coal for genesee generating station .Capital Power Corp - as a result of transaction, net cash flows from operating activities are expected to increase by $14 million for 2017.  Full Article

Capital Power acquires 294 megawatts of fully contracted power facilities in Ontario and British Columbia
Tuesday, 21 Feb 2017 08:00am EST 

Capital Power Corp : Capital Power acquires 294 megawatts of fully contracted power facilities in Ontario and British Columbia . Capital Power Corp says $500 million acquisition immediately accretive to adjusted funds from operations, and earnings . Sees 2017 facility operating and maintenance expense of $205 million to $230 million . Sees 2017 AFFO of $320 million to $365 million . Capital Power Corp says acquisition is expected to be accretive to earnings by 11 cents per share during its first full year of operations . Capital Power Corp says acquisition is expected to increase adjusted funds from operations (AFFO) by an estimated $24 million in first full year of operations .Capital Power Corp says capital power expects to finance transaction through existing cash and its credit facilities.  Full Article

BRIEF-Capital Power Posts Q4 Adj. Earnings Per Share C$0.24

* CAPITAL POWER REPORTS FOURTH QUARTER AND YEAR-END 2017 RESULTS