Capital Power reports fourth quarter and year-end 2025 results

About this update from Capital Power Corporation

Execution of 2025 strategic priorities underpins a transformative year and sets the stage for long-term success EDMONTON, Alberta, March 04, 2026 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (the Company or Capital Power) today released financial results for the quarter and year ended December 31, 2025 and published its 2025 Integrated Annual Report (IAR), highlighting strong execution across its strategy, accelerated U.S. growth and long-term contracted cash flows. Strategic highlights Financial highlights ____________1  Pennsylvania-New Jersey-Maryland Interconnection.2  As previously announced, converted from U.S. dollars to Canadian dollars using a 1.3684 exchange rate, as reported by the Bank of Canada on June 9, 2025.3  Jointly owned with 50% working interest with Manulife Investment Management.4  Reflects uprate at Goreway and Capital Power's ownership interest in uprate at York Energy Centre.5  AFFO and adjusted EBITDA are non-GAAP measures. See Non-GAAP financial measures and ratios.6  Converted from U.S. dollars to Canadian dollars using a 1.3933 exchange rate, as reported by the Bank of Canada on May 13, 2025. CEO Message 2025 stands as a pivotal year for Capital Power – we executed our well-defined strategy with discipline, delivered strong financial results while making solid progress on the key goals we set, strengthening our growth platform and transforming our company. Our achievements this year position Capital Power to thrive amid unprecedented electricity demand growth across North America. We completed the largest acquisition in our history, expanding into North America’s largest and most liquid power market, the PJM region. Underscoring the success of our diversification strategy, this acquisition represents a key milestone with our U.S. portfolio now accounting for roughly 60% of our capacity and adjusted EBITDA. We continue to operate one of the most reliable and efficient portfolios in North America, leveraging our in-house expertise to maximize availability, optimize sustaining capital, and extend asset life. These efforts enhance our positioning for commercial optimization opportunities. This is evidenced by the improved pricing for longer duration on a new contract for MCV expiring in 2040 when this asset will have been operating for 50 years. As we execute with precision and grow wi...

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