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Last C$3.24 CAD
Change Today 0.00 / 0.00%
Volume 122.5K
As of 4:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

capstone infrastructure corp (CSE) Snapshot

Open
C$3.29
Previous Close
C$3.24
Day High
C$3.29
Day Low
C$3.20
52 Week High
09/2/14 - C$4.52
52 Week Low
08/24/15 - C$2.82
Market Cap
314.2M
Average Volume 10 Days
179.9K
EPS TTM
C$0.10
Shares Outstanding
93.7M
EX-Date
09/28/15
P/E TM
32.5x
Dividend
C$0.30
Dividend Yield
9.26%
Current Stock Chart for CAPSTONE INFRASTRUCTURE CORP (CSE)

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capstone infrastructure corp (CSE) Details

Capstone Infrastructure Corporation, together with its subsidiaries, owns, operates, and develops thermal and renewable power generation facilities, and invests in utilities in Canada and internationally. The company’s portfolio includes investments in gas cogeneration, wind, hydro, biomass, and solar power generating facilities representing approximately 450 megawatts of installed capacity in Canada; a 33.3% interest in a district heating business in Sweden serving individual, multi-residential, municipal, and industrial customers in 10 communities; and a 50% interest in a regulated water utility in the United Kingdom. It also focuses on developing, acquiring, and re-powering clean electricity generation projects in North America. The company was formerly known as Macquarie Power and Infrastructure Corporation and changed its name to Capstone Infrastructure Corporation in April 2011. Capstone Infrastructure Corporation is headquartered in Toronto, Canada.

665 Employees
Last Reported Date: 08/10/15

capstone infrastructure corp (CSE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$400.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$330.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: C$288.0K
Senior Vice President of Power Generation
Total Annual Compensation: C$240.0K
Senior Vice President of Business Development
Total Annual Compensation: C$265.0K
Compensation as of Fiscal Year 2014.

capstone infrastructure corp (CSE) Key Developments

Capstone Infrastructure Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for 2015

Capstone Infrastructure Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue was CAD 81.4 million compared with CAD 106.4 million for the same period last year. Net loss was CAD 5.6 million compared with net income of CAD 8.4 million for the same period last year. Adjusted EBITDA was CAD 28.8 million compared with CAD 39.5 million for the same period last year. Adjusted Funds from Operations was CAD 0.9 million or CAD 0.010 per share compared with CAD 12.1 million or CAD 0.126 per share for the same period last year. Revenue decline was principally the result of the new contract at Cardinal, followed by lower regulated rates at Bristol Water, reduced production at Capstone's renewable energy facilities, and decreased power prices in Alberta affecting Whitecourt. For the six months, the company reported revenue was CAD 171.6 million compared with CAD 220.8 million for the same period last year. Net loss was CAD 0.1 million compared with net income of CAD 27.9 million for the same period last year. Adjusted EBITDA was CAD 58.3 million compared with CAD 81.2 million for the same period last year. Adjusted Funds from Operations was CAD 7.4 million or CAD 0.077 per share compared with CAD 32.0 million or CAD 0.331 per share for the same period last year. The Corporation reiterates its forecast of annual Adjusted EBITDA between CAD 115 million to CAD 125 million and remains committed to its current dividend policy.

Capstone Infrastructure Corporation Declares Quarterly Dividend, Payable on October 30, 2015

Capstone Infrastructure Corporation announced that its Board of Directors declared a quarterly dividend of $0.075 per common share for the quarter ending September 30, 2015. The dividend will be payable on October 30, 2015 to shareholders of record at the close of business on September 30, 2015.

Capstone Infrastructure Corporation Closes Refinancing of Amherstburg Solar Park

Capstone Infrastructure Corporation announced the closing of a $95 million refinancing at an attractive interest rate from The Canada Life Assurance Company and The Great-West Life Assurance Company for Amherstburg Solar Park, a 20-megawatt facility in Southwestern Ontario and one of the company's key assets. The new long-term loan, which repays the outstanding principal debt on Amherstburg Solar Park as well as covering swap break fees and closing costs, carries a fixed interest rate of 3.49% and fully amortizes over the remainder of the facility's power purchase agreement, which expires in 2031. This financing addresses a near-term debt maturity and locks in historically low interest rates resulting in reduced debt service costs. The new loan is also expected to have a positive impact on Capstone's dividend payout ratio based on higher annual after debt-service cash flow from the asset. This financing demonstrates the quality of Capstone's power assets, and reflects the favourable market for project financing in the renewables sector, which should benefit Capstone when it arranges financing for its pipeline of six wind development projects.

 

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