Capital Power reports before the market opens on November 2. Analysts expect earnings per share (EPS) to rise from a year ago, while revenue is forecast to fall. Recent results have been mixed: the company beat estimates in one of its last four comparable quarters.
Capital Power Corporation (TSX: CPX) is set to report third-quarter 2026 results before the market opens on November 2. It operates about 12 GW of generation capacity across 35 facilities, including natural gas, renewables and battery storage. For Canadian investors, the report will show whether earnings growth can continue despite lower expected revenue—and whether the company can end a run of two straight EPS misses. See the Capital Power stock page for company data and coverage.
Recent earnings trend
Capital Power Corporation
CPX.TO
CPX.TO
Capital Power Corporation
WealthAwesomeMarket cap
$9.97B
P/E
122.0x
Div. yield
4.41%
Div. / share
$2.76
52W high
$76.15
52W low
$54.73
1W change
+2.79%
Beta
0.41
Analyst Price Targets
Based on analyst covering CPX · as of Oct 27, 2026
Wall Street analysts forecast CPX stock price to rise 21.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$77.08
+21.5% Upside
Previously C$77.46 on Oct 2, 2026
Current Price
C$63.44
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CPX's historical volatility
30-Day Vol
24.4%
Annualized
90-Day Vol
25.7%
Annualized
Trend (90d)
-20.1%
Annualized drift
90d Mean
C$59.04
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$61.94 | C$56.94 – C$67.37 |
| 60 trading days | C$60.47 | C$53.69 – C$68.11 |
| 90 trading days | C$59.04 | C$51.03 – C$68.30 |
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: 3 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 | 2026-11-02 | — | 0.9600 | — |
| 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% |
Investor takeaway: Analysts expect EPS of C$1.07, up 16.8% from C$0.92 a year ago. Revenue is forecast at C$1.02 billion, down 16.1%. The EPS estimate is based on three analysts, while just one analyst provided the revenue estimate. That makes the revenue outlook less certain. Capital Power beat estimates in one of its last four comparable quarters, so investors should look at whether it meets or exceeds the current forecast without assuming a pattern of repeated beats. The main question is how the company explains earnings growth alongside lower expected revenue.
C$1.07
That’s the current consensus estimate for third-quarter EPS, compared with C$0.92 a year ago. Three analysts put the estimate range at C$0.93 to C$1.16. The revenue consensus is C$1.02 billion, based on one analyst.
Bull case
Capital Power could meet or beat the C$1.07 EPS estimate, extending year-over-year growth despite the expected drop in revenue. Its mix of generation assets and exposure to electricity demand provide useful context. The company’s latest declared common-share dividend is C$0.7048 per share for the quarter ending December 31, payable January 29, 2027. The dividend doesn’t show how the quarter performed, but it matters to Canadian shareholders focused on income.
Bear case
Recent results are a reason not to assume a beat. EPS came in below estimates in the June and March 2026 quarters, following a large beat in December 2025. The September 2025 quarter also missed. Revenue is forecast to fall 16.1% year over year, but that estimate comes from just one analyst. EPS estimates have also slipped from C$1.08 to C$1.07 over the past 30 days, with two downward revisions and one upward revision. The report could disappoint if expected EPS growth fails to materialize or management’s outlook adds to concerns about weaker revenue.
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