Canadian Utilities Q3 profit beats estimates, expects Emera merger to close in late 2027

Canadian Utilities

Yesterday 12:06

Overview
Canada utility's Q3 adjusted EPS beat analyst expectations
Adjusted net income for Q3 rose year-over-year
Company announced merger of equals with Emera, expected to close in late 2027

Outlook
Canadian Utilities expects merger with Emera to close in Q3 or Q4 2027
Company says operations will continue as usual while merger process advances
Company expects Yellowhead Pipeline to support Alberta's economic and industrial growth

Result Drivers
CAPITAL INVESTMENT - Co said Q3 results were supported by C$653 mln in capital expenditures, mostly in regulated utilities
RATE BASE INDEXING - Co attributed higher adjusted earnings in ATCO Australia to inflation indexing on rate base
PIPELINE PROJECT - Construction of Yellowhead Pipeline commenced after regulatory approvals, with contracts awarded and full customer commitments

Company press release: ID:nCNW7yk5pa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
C$0.43
C$0.42 (4 Analysts)
Q3 Adjusted Net Income
 
C$117 mln
 

Reuters Recommended Reads
Nov 4 - Canada's South Bow Q3 revenue rises; lifts 2026 cash flow outlook
Nov 5 - Canada's TC Energy raises 2026 EBITDA outlook after strong Q3 earnings
Nov 6 - Canada's Algonquin Power Q3 profit rises on favourable weather, rate hikes

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(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.)