CALGARY - Capital Power Corp. has reported a $13-million net loss for the fourth quarter, compared to net earnings attributable to shareholders of $240 million a year earlier.
The loss amounted to 12 cents per share versus a profit of $1.75 per diluted share during the final three months of 2024.
The Edmonton-based utility says its revenues and other income were $1.08 billion, an increase from $853 million in the prior-year quarter
Adjusted funds from operations rose to $244 million from $182 million year-over-year.
In December, Capital Power announced a memorandum of understanding with New York-based Apollo Funds to form a US$3-billion investment partnership to buy U.S. merchant natural gas power assets.
Separately, it said it had entered into a binding MOU to negotiate a 250-megawatt electricity supply agreement with an unidentified investment-grade data centre developer in Alberta with an expected 2028 start date.
"Our industry is undergoing a fundamental transformation," CEO Avik Dey said in a news release Wednesday.
"The convergence of AI-driven demand, electrification, and population growth is reshaping the power sector."
This report by The Canadian Press was first published March 4, 2026.
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