08:58 AM EDT, 07/30/2025 (MT Newswires) -- Capital Power ( CPXWF ) said Wednesday that it swung to a net loss after booking lower revenues and other income in the second quarter, but it did revise its 2025 annual guidance after expanding and enhancing its U.S. flexible generation portfolio with its largest acquisition to date.

The company booked an attributable net loss of $132 million, or a loss of $0.92 per share, reversing an attributable net income of $75 million, or $0.51 per share a year earlier.

Revenues and other income fell to $441 million from $774 million while adjusted EBITDA edged down to $322 million from $323 million.

Among highlights, CPX completed the prior announced acquisition of the Hummel and Rolling Hills facilities in the PJM market for near $3.0 billion (US$2.2 billion), adding near 2.2 GW of capacity to its U.S. flexible generation portfolio, the largest acquisition in the company's history.

Capital Power ( CPXWF ) raised its 2025 financial guidance, including an increase in adjusted EBITDA target to a range of $1.50 billion to $1.65 billion from the previous target of $1.34 billion to $1.44 billion.

Yesterday the company announced a 6% dividend increase for its common shares and declared dividends for its preference shares.

"The recent acquisitions of Hummel Station and Rolling Hills significantly expand our U.S. footprint and are accretive to AFFO per share. Over the past year, we executed our largest acquisition, completed our most ambitious organic growth initiative, the Genesee repowering project, increased our dividend, and remain well within our financial guardrails that underpin our investment grade credit rating," said Sandra Haskins, SVP Finance and CFO of Capital Power ( CPXWF ).

CPX rose near 1% yesterday on the TSX.