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RBC Capital Markets Revises Q4 2024 Estimates for Canadian Energy Infrastructure Companies
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RBC Capital Markets Revises Q4 2024 Estimates for Canadian Energy Infrastructure Companies
Jan 28, 2025 8:48 AM

11:16 AM EST, 01/28/2025 (MT Newswires) -- RBC Capital Markets on Monday revised its estimates for Canadian energy infrastructure companies ahead of their fourth quarter results.

RBC lowered its EBITDA estimate for Boralex ( BRLXF ) to $190 million from $211 million to primarily reflect weak wind resources in France and Canada.

Capital Power's ( CPXWF ) EBITDA forecast was cut to $362 million from $387 million while TransAlta ( TAC ) 's EBITDA projection was down to $280 million from $302 million to primarily reflect lower-than-expected Alberta power prices and production levels.

For Fortis ( FTS ) , RBC trimmed the EPS estimate to $0.84 from $0.86 to primarily reflect less favorable weather and changes related to the valuation of retirement benefits at UNS Energy.

RBC lowered the EBITDA estimate for Superior Plus ( SUUIF ) to US$165 million from US$174 million to primarily reflect mild weather and the weak Canadian currency.

Price: 24.66, Change: -0.84, Percent Change: -3.29

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