Capital Power Boosts Dividend as Acquisition Strategy Pays Off

The company’s revenue surged to 740 million Canadian dollars, up from 441 million in the same period last year, bolstered by the integration of the Hummel Station and Rolling Hills facilities. Electricity generation climbed to 10,137 gigawatt hours, reflecting the broader scale of operations now spanning 35 North American sites. While adjusted earnings before interest, taxes, depreciation, and amortization reached 351 million Canadian dollars, the figure fell slightly short of the 355.3 million expected by FactSet analysts.

Strategic growth remains a primary focus, highlighted by a recent agreement to supply 250 megawatts to a Meta data center in Sturgeon, Alberta, starting later this year. Management points to tightening energy markets and a heightened demand for dispatchable power as indicators of sustained strength. Shareholders of record by September 29 will receive the new quarterly dividend of 70.48 Canadian cents per share on October 30, marking a 2% increase from the previous distribution.