Penske Automotive Group, Inc. Q2 2026 Earnings Call Summary

Capital Power reported second quarter results driven by expansion of its PJM portfolio and recognition of Canadian Clean Tech ITC government grants, which contributed to an increase in AFFO to $328 million. The company increased its estimate of embedded annual adjusted EBITDA upside to $1.25 billion, driven by recontracting confidence and stronger Alberta merchant pricing expectations. Management noted that 2026 guidance assumes a heavy maintenance cycle, with 66% of planned outage days already