Canadian Utilities Q4 adjusted profit drops

Canadian Utilities

26/02/2026 12:33

Overview

Canada energy infrastructure firm's adjusted earnings drop

Company's 2025 IFRS earnings impacted by non-cash impairments and write-offs

Company acquired Northstone Power Corp, expanding its energy generation capacity

Outlook

Canadian Utilities plans $12 bln in capital spending from 2026 to 2030

Company expects consolidated mid-year rate base to grow to $23.2 bln by 2030

Canadian Utilities anticipates Yellowhead Pipeline construction to start in 2026

Result Drivers

REGULATED RETURN ON EQUITY - Temporary decrease in regulated return on equity impacted earnings by $57 mln

CAPITAL REDEPLOYMENT - Strategic decision to redeploy capital from ATCO Energy into core businesses affected earnings

NON-CASH IMPAIRMENTS - IFRS earnings negatively impacted by non-cash impairments and write-offs

Company press release: ID:nCNW6hXLpa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Adjusted Net Income
C$658 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 "hold"

Wall Street's median 12-month price target for Canadian Utilities Ltd is C$43.00, about 10.2% below its February 25 closing price of C$47.86

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 16 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.)