Capital Power Full Year 2024 Earnings: Beats Expectations

editorial-team@simplywallst.com (Simply Wall St)

Fri, Feb 28, 2025, 3:50 AM 1 min read

Capital Power (TSE:CPX) Full Year 2024 Results

Key Financial Results

Revenue: CA$3.68b (down 9.6% from FY 2023).
Net income: CA$665.0m (down 6.3% from FY 2023).
Profit margin: 18% (in line with FY 2023).
EPS: CA$5.16 (down from CA$6.07 in FY 2023).

revenue-and-expenses-breakdown — TSX:CPX Revenue and Expenses Breakdown February 28th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Capital Power Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 25%.

The primary driver behind last 12 months revenue was the Canada segment contributing a total revenue of CA$2.75b (75% of total revenue). Notably, cost of sales worth CA$2.00b amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CA$503.0m (50% of total expenses). Explore how CPX's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 7.5% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Canada are expected to grow by 4.5%.

Performance of the Canadian Renewable Energy industry.

The company's shares are down 7.0% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Capital Power (at least 1 which is potentially serious), and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.