Canadian Utilities Q3 adjusted EPS beats expectations, earnings rise

Canadian Utilities

07/11/2025 12:01

Overview

Canadian Utilities Q3 adjusted EPS beats analyst expectations

Adjusted earnings for Q3 rise to C$108 mln from C$102 mln in 2024

Company invested C$402 mln in capital expenditures, mainly in regulated utilities

Outlook

Canadian Utilities expects Yellowhead Pipeline construction to start in 2026, pending approvals

Company has filed for 2026-2028 revenue requirements, citing Yellowhead as a key factor

CETO project to energize by June 2026, with C$255 mln expected project spend

Result Drivers

CAPITAL INVESTMENTS - Co invested C$402 mln in Q3, primarily in regulated utilities, supporting growth initiatives

YELLOWHEAD PIPELINE PROGRESS - AUC approved Needs Assessment Application for Yellowhead, advancing project development

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
C$0.40
C$0.38 (4 Analysts)
Q3 Adjusted Net Income
C$108 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 0.8% above its November 6 closing price of C$39.69

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

Press Release: ID:nCNWYGG3Wa

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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.)