Capital Power reports first quarter 2026 results, underpinned by strong flexible generation performance and continued contracting success

About this update from Capital Power Corporation

EDMONTON, Alberta, April 29, 2026 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) today released financial results for the quarter ended March 31, 2026. Highlights CEO Message Our favorable first quarter results demonstrate the resilience of Capital Power’s diversified, strategically positioned portfolio in a period of heightened global and market uncertainty. Our strategy continues to be grounded in securing durable, long-term contracts with creditworthy counterparties across a broad opportunity set. Demonstrating our ability to execute our strategy, we extended the summer tolling agreement at Arlington Valley to 2038. Furthermore, we continue to proactively manage risk through our industry-leading supply and trading function. In combination, our focus on long-term contracting and risk management provides stable, predictable cash flows, and downside protection across cycles. This disciplined foundation allows us to remain focused on execution while maintaining a strong financial position and return proposition balanced between growth and yield. Market fundamentals in our core regions remain constructive. In Alberta, enhanced certainty around key regulatory items and improving supply‑demand dynamics reinforce a strengthening outlook, while PJM continues to offer attractive long‑term fundamentals despite ongoing policy and market changes. Diversification across geographies and technologies remains a core strength for our business, enabling us to allocate capital prudently across natural gas, renewables, and battery energy storage where we find returns that are compelling. We remain confident in our ability to deliver growth while maintaining our balanced risk‑return profile. Our approach has not changed: disciplined capital allocation, long-term contracting, and a diversified platform that supports consistent performance through uncertainty while positioning Capital Power for long‑term shareholder value creation. 2026 Annual Guidance Operational and Financial Highlights1 Significant Events Kevin MacIntosh appointed Chief Financial Officer On February 19, 2026, Kevin MacIntosh was appointed as Chief Financial Officer of the Company, effective March 16, 2026. Mr. MacIntosh has over 30 years of experience as a finance leader working in large, complex organizations within the global energy industry and brings expertise across multi-jurisdictional...

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