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Canadian Utilities A (CDUAF)
OTHER OTC:CDUAF
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.64Last Year’s EPS
0.57Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive picture: management delivered adjusted earnings growth and materially improved cash flow while announcing an ambitious $12 billion 5-year capital plan and demonstrating financing capability for the Yellowhead pipeline. Strong operational results, Australian outperformance (AA6), large new gas connections and storage expansion are notable wins. Key challenges remain in the renewables portfolio (significant curtailment and related impairments), a paused hydrogen hub due to policy gaps, timing and cost uncertainty on large projects, and potential future need for equity or asset recycling to fund the outer years of the plan. Overall, the positive operational and financial momentum and executable funding for major near-term projects outweigh the highlighted risks.Company Guidance
Adjusted Earnings Growth
Full-year 2025 adjusted earnings of $658 million ($2.42/share), up from $647 million in 2024 — an increase of $11 million or ~1.7% year-over-year, achieved despite $57 million of identified headwinds.
Large 5-Year Capital Plan and Higher Rate Base CAGR
Announced a $12 billion capital expenditure plan over 5 years — the most ambitious in company history — driving a regulated rate base 5-year CAGR of 6.9% (up from the prior 3-year forecast of 5.4%, a +1.5 percentage point increase / ~27.8% relative jump).
Yellowhead Pipeline Progress and Contracting
Yellowhead pipeline is 100% contracted, facility application filed with AUC, $2.9 billion project estimate (plus/minus 20%), expected facility approval by Q3 enabling construction; equity portion for the project fully funded via hybrids, preferred shares and cash from operations without issuing common equity.
Strong Operational Achievements and Safety
Maintained strong operational performance and improved Alberta distribution reliability despite an above-average wildfire season; achieved 0 recordable incidents across nonregulated businesses in 2025.
Australian Business Outperformance (AA6)
ATCO Australia delivered adjusted earnings of $69 million, up $21 million year-over-year (~45% increase), benefiting from the new AA6 access arrangement (ROE 8.23%) and projected customer growth (expected ~80,000 new customers during AA6).
Growth in Gas Connections and Local Demand
ATCO Energy Systems added over 19,600 new gas connections in 2025 — the largest number in a decade — supported by Alberta's strong population and industrial growth driving higher electricity load forecasts.
Storage & Industrial Water Segment Strength
Storage and Industrial Water segment grew adjusted earnings by $11 million, a 30% year-over-year increase; company intends to expand carbon and gas storage capacity from 117 PJ to 130 PJ by end of 2026 (an ~11.1% capacity increase).
Key Project Milestones (CETO and Acquisitions)
Central East Transfer-Out (CETO) ($255 million) on track (85 km transmission line to be energized by June); acquired 100% of Northstone Power (18.6 MW gas peaker) to bolster generation portfolio and peaking capability.
Improved Cash Flow and Capital Funding Execution
Cash flow from operating activities increased by $144 million in 2025; successful funding of Yellowhead equity via hybrids, preferred shares and cash demonstrates financing capability and avoided common equity issuance.
CDUAF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CDUAF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $35.18 | $34.10 | -3.07% |
Nov 07, 2025 | $27.83 | $28.94 | +3.97% |
Jul 31, 2025 | $27.61 | $26.73 | -3.18% |
May 07, 2025 | $26.54 | $26.51 | -0.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Canadian Utilities A (CDUAF) report earnings?
Canadian Utilities A (CDUAF) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Canadian Utilities A (CDUAF) earnings time?
Canadian Utilities A (CDUAF) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CDUAF EPS forecast?
CDUAF EPS forecast for the fiscal quarter 2026 (Q1) is 0.64.