Capital Power Corporation's latest earnings report reveals significant challenges as the company reported a staggering earnings miss, raising concerns among investors.
On July 29, 2026, Capital Power Corporation (TSX: CPX) released its financial results for the second quarter ending June 30, 2026. The company reported earnings per share (EPS) of $0.08, falling short of the estimated $0.47, resulting in an alarming surprise of -82.98%. This miss has raised eyebrows among investors, particularly given the company's recent performance history and market conditions.
Recent earnings trend
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Capital Power Corporation
CPX.TO
CPX.TO
Capital Power Corporation
WealthAwesomeMarket cap
$10.35B
P/E
115.6x
Div. yield
4.08%
Div. / share
$2.76
52W high
$77.02
52W low
$53.80
1W change
-6.58%
Beta
0.41
Analyst Price Targets
Based on analyst covering CPX
Wall Street analysts forecast CPX stock price to rise 18.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$77.92
+18.3% Upside
Current Price
C$65.87
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CPX's historical volatility
30-Day Vol
27.8%
Annualized
90-Day Vol
30.5%
Annualized
Trend (90d)
-1.5%
Annualized drift
90d Mean
C$65.53
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$65.76 | C$59.74 – C$72.37 |
| 60 trading days | C$65.64 | C$57.32 – C$75.17 |
| 90 trading days | C$65.53 | C$55.50 – C$77.37 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 2 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-04 | — | 0.9100 | — |
| 2026-06-30 | 2026-07-29 | 0.0800 | 0.4700 | -83.0% |
| 2026-03-31 | 2026-04-29 | 0.5300 | 0.5600 | -5.4% |
| 2025-12-31 | 2026-03-04 | 1.2800 | 0.5800 | +120.7% |
| 2025-09-30 | 2025-10-29 | 0.9200 | 0.9900 | -7.1% |
| 2025-06-30 | 2025-07-30 | 0.4900 | 0.5000 | -2.0% |
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Investor takeaway: Investors should closely monitor Capital Power's operational adjustments and market positioning, especially in light of its recent dividend increase and long-term contracts, as these factors may influence future performance despite the current earnings miss.
Earnings per Share Plummets: $0.08 vs. $0.47 Estimate
Capital Power's EPS of $0.08 represents a stark decline from expectations, highlighting operational challenges and increased costs that need to be addressed to restore investor confidence.
Bull case
Capital Power's long-term energy supply agreement with Meta Platforms, Inc. suggests potential growth opportunities in the renewable energy sector. The company has also increased its dividend for the 13th consecutive year, showing confidence in its long-term strategy and ability to generate cash flow.
Bear case
The significant earnings miss raises concerns about the company's operational efficiency and its ability to manage costs effectively. With a net loss reported and declining electricity generation availability, investors may question whether Capital Power can sustain its growth trajectory.
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