Canadian Utilities Q2 adjusted EPS beats expectations

Canadian Utilities

31/07/2025 12:30

Overview

Canadian Utilities Q2 adjusted EPS beats analyst expectations, per LSEG data

Adjusted earnings rise to C$121 mln, up C$4 mln from Q2 2024

Co invested C$382 mln in capital expenditures, mainly in regulated utilities

Outlook

Company expects Yellowhead construction to start in 2026, pending approvals

Canadian Utilities anticipates CETO project energization by June 2026

Company sees favorable conditions for natural gas storage operations

Canadian Utilities continues to pursue equity partnerships with Indigenous partners

Result Drivers

CAPITAL INVESTMENTS - Co invested C$382 mln in capital expenditures, primarily in regulated utilities

NATURAL GAS STORAGE - ATCO EnPower's favorable market conditions for natural gas storage operations contributed to revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
C$0.45
C$0.44 (4 Analysts)
Q2 Adjusted Net Income
C$121 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 no "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$40.00, about 1.3% above its July 30 closing price of C$39.49

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nCNWlKgkxa

(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.)