Capital Power Corporation (CPXWF) Q1 2025 Earnings Call Transcript

2025-04-30 12:40:20 ET

Capital Power Corporation (CPXWF)

Q1 2025 Earnings Conference Call

April 30, 2025 11:00 AM ET

Company Participants

Roy Arthur - Vice President, Strategic Planning & Investor Relations

Avik Dey - President & Chief Executive Officer

Sandra Haskins - Senior Vice President, Finance & Chief Financial Officer

Conference Call Participants

Thomas Meric - Janney Montgomery Scott

Robert Hope - Scotiabank

Patrick Kenny - NBF

Mark Jarvi - CIBC

Maurice Choy - RBC Capital Markets

Benjamin Pham - BMO

John Mould - TD Cowen

Presentation

Operator

Thank you for standing by, and welcome to the Capital Power Corporation's First Quarter 2025 Analyst Conference Call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there will be a question-and-answer session [Operator Instructions] As a reminder, today's program is being recorded.

And now I'd like to introduce your host for today's program, Roy Arthur, Vice President, Strategic Planning and Investor Relations. Please go ahead, sir.

Roy Arthur

Good morning, everyone. My name is Roy Arthur, Vice President, Strategy Planning and Investor Relations. Thank you for joining us to review Capital Power's First Quarter 2025 results, which we published earlier today. Our first quarter report and presentation for this conference call are available on our website.

During today's call, our President and CEO, Avik Dey, will provide an update on our business. Following that, Sandra Haskins our SVP, Finance and CFO, will present a review of the quarterly and financials for the company. Avik will wrap up with a review of 2025 strategic priorities, after which we will open the floor to questions from analysts in our interactive Q&A session.

Before I start, I would like to remind everyone that certain statements about future events made on the call are forward-looking in nature and are based on certain assumptions and analysis made by the company. Actual results could differ materially from the company's expectations due to various risks and uncertainties associated with our business.

Please refer to the cautionary statement on forward-looking information slide 3 of our regulatory filings available on SEDAR. In today's discussion, we will be referring to various non-GAAP financial measures and ratios also noted on slide 3. These measures are not defined financial measures according to GAAP and do not have standardized meanings prescribed by GAAP and therefore, unlikely to be comparable to similar measures used in other enterprises. These measures are provided for to complement the GAAP measures, which are provided in the analysis of the company's results from an industry perspective.

Reconciliations of these non-GAAP financial measures to their nearest GAAP measures can be found in our integrated annual report. We acknowledge that Capital Power's office in Edmonton is located within the traditional and contemporary home of many indigenous people of Treaty 6 region and the Métis Nation of Alberta Region 4. We acknowledge the diverse indigenous communities that are in these areas and his presence continues to enrich the community and our lives as we learn more about the indigenous history of the lands on which we live and work....

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