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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.