trending Market Intelligence /marketintelligence/en/news-insights/trending/kqoz7lifegw88osinnb79w2 content esgSubNav
In This List

Capstone reports higher Q2'18 EBITDA

Blog

Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy

Blog

Japan M&A By the Numbers: Q4 2023

Video

See the Big Picture: Energy Transition in 2024


Capstone reports higher Q2'18 EBITDA

Capstone Infrastructure Corp. on Aug. 9 reported second-quarter 2018 EBITDA of C$31.1 million, up from C$30.2 million in the prior-year period.

The company attributed the increase to higher power segments results, primarily driven by the Glen Dhu Wind Park and Fitzpatrick Mountain wind facilities, of which Capstone became the sole owner at the end of 2017.

Net income from continuing operations was C$1.5 million, compared with C$3.2 million a year ago. Revenue totaled C$44.8 million, an increase from C$40.4 million in the 2017 second quarter.

Capstone generated 341.4 GWh of power in the second quarter of 2018, up from 334.6 GWh in the same period in 2017.

Aside from the second-quarter results, the company declared a quarterly dividend on its cumulative five-year rate reset preferred shares, series A, of 20.44 Canadian cents payable by Oct. 31 to shareholders of record Oct. 15.