Canadian Utilities' Q1 adjusted EPS rises, beats estimates

Canadian Utilities

06/05/2026 12:08

Overview

Canada energy infrastructure firm's Q1 adjusted EPS rose, beating analyst expectations

Q1 adjusted earnings increased to C$242 mln from C$232 mln a year earlier

Company invested C$353 mln in capital expenditures, mostly in regulated utilities

Outlook

Company expects to issue debentures annually during 2026-2030 to fund regulated debt requirements

Result Drivers

CAPITAL INVESTMENT - 94% of C$353 mln in Q1 capital expenditures invested in regulated utilities, primarily ATCO Energy Systems and ATCO Australia

Company press release: ID:nCNW1Vqhpa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
C$0.89
C$0.87 (3 Analysts)
Q1 Adjusted Net Income
C$242 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the multiline utilities peer group is "buy."

Wall Street's median 12-month price target for Canadian Utilities Ltd is C$48.00, about 1.9% below its May 5 closing price of C$48.91

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)