Capital Power management commentary cites stronger PJM prices, summer demand as drivers of Q3 2026 adjusted EBITDA growth
Bitget2026/11/02 12:17- Capital Power management commentary attributed third-quarter 2026 adjusted EBITDA growth to CAD 553 million from CAD 477 million to stronger PJM contributions.
- Net income fell to CAD 67 million from CAD 153 million, reflecting unfavorable unrealized derivative valuations, higher depreciation and financing costs.
- AFFO declined to CAD 306 million from CAD 369 million as higher maintenance spending, financing costs and current taxes weighed.
- Management reaffirmed full-year adjusted EBITDA guidance of CAD 1.57 billion–CAD 1.77 billion, with AFFO at CAD 890 million–CAD 1.01 billion.
- Sustaining capital expenditure guidance rose to CAD 350 million–CAD 370 million, reflecting unplanned outage work and maintenance brought forward from 2027.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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