-- Capital Power's (CPX.TO) net income fell year over year in the first quarter despite an increase in revenue, the company said Wednesday.
Capital Power recorded an attributable net income of C$15 million, or $0.04 per share, for the three months ended March 31, dropping from $151 million, or $1.03 per share, posted a year ago.
The analyst earnings per share consensus forecast compiled by FactSet was $0.55.
Revenue rose to $1.21 billion from $988 million as electricity generation climbed to 11,468 gigawatt hours from 9,555 GWh.
Adjusted EBITDA increased to $404 million from $367 million. In comparison, the company's 2026 annual EBITDA guidance ranged from $1.57 billion-$1.77 billion.
Capital Power's sustaining capital expenditures stood at $107 million as of the first quarter, compared to its 2026 annual guidance of $290 million-$330 million.