The earnings call presented a balanced view with strong growth in earnings and significant progress on major projects like the Yellowhead pipeline and energy systems expansions. However, regulatory challenges and environmental risks such as wildfires and a challenging wind environment posed significant concerns.

Company Guidance -

Q3 2025

During the second quarter 2025 conference call for Canadian Utilities Limited, the company provided detailed guidance on several key metrics. The Central East Transfer-Out (CETO) project remains on track for completion in mid-2026, with an estimated cost of CAD 280 million, while the Yellowhead pipeline project, valued at CAD 2.8 billion, is expected to begin construction in 2026, delivering substantial economic benefits to Alberta. Adjusted earnings for the quarter reached CAD 121 million or CAD 0.45 per share, reflecting year-over-year growth despite headwinds such as a reduction in the return on equity for Alberta Utilities and challenges in renewable generation. The ATCO Energy Systems segment reported adjusted earnings of CAD 116 million, and ATCO EnPower achieved CAD 12 million, with strong performance in natural gas storage. ATCO Australia also contributed significantly with a 24% increase in adjusted earnings, reaching CAD 21 million due to a higher return on equity under the Sixth Access Arrangement. The company emphasized its robust capital program, with year-to-date capital expenditures increasing by CAD 145 million to CAD 783 million, funded by a combination of cash flow and external resources.

Strong Earnings Growth

Canadian Utilities achieved adjusted earnings of CAD 121 million, up from CAD 117 million in the same period in 2024, despite significant headwinds.

ATCO Energy Systems Performance

ATCO Energy Systems delivered adjusted earnings of CAD 116 million, CAD 4 million higher year-over-year, driven by growth in rate base and cost efficiencies.

Yellowhead Pipeline Progress

The CAD 2.8 billion Yellowhead pipeline project is 90% contracted, expected to create 24,000 jobs by 2028, contribute CAD 20 billion in investments, and add CAD 3.9 billion annually to Alberta's GDP.

Gas Storage Expansion

Canadian Utilities plans to expand existing storage capacity by approximately 10% through well development and facility improvement projects, with strong fundamentals in the market.

Canadian Utilities A (CDUAF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CDUAF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.27 / -	0.272	―	―	―
Jul 31, 2025	2025 (Q2)	0.32 / 0.27	0.233	17.08% (+0.04)	―	―
May 07, 2025	2025 (Q1)	0.61 / 0.56	0.594	-5.61% (-0.03)	―	―
Feb 27, 2025	2024 (Q4)	0.52 / 0.52	0.514	1.13% (<+0.01)	―	―
Nov 14, 2024	2024 (Q3)	0.25 / 0.27	0.178	52.44% (+0.09)	―	―
Aug 02, 2024	2024 (Q2)	0.30 / 0.23	0.218	6.98% (+0.02)	―	―
May 02, 2024	2024 (Q1)	0.60 / 0.59	0.53	12.02% (+0.06)	―	―
Feb 29, 2024	2023 (Q4)	0.50 / 0.51	0.573	-10.24% (-0.06)	―	―
Oct 26, 2023	2023 (Q3)	0.23 / 0.18	0.232	-23.13% (-0.05)	―	―
Jul 27, 2023	2023 (Q2)	0.32 / 0.22	0.366	-40.40% (-0.15)	―	―

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
Jul 31, 2025	$28.22	$27.32	-3.18%
May 07, 2025	$27.13	$27.10	-0.09%
Feb 27, 2025	$23.77	$23.21	-2.35%
Nov 14, 2024	$23.58	$23.63	+0.23%

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 Oct 23, 2025, Before Open (Confirmed).

What is Canadian Utilities A (CDUAF) earnings time?

Canadian Utilities A (CDUAF) earnings time is at Oct 23, 2025, 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 2025 (Q3) is 0.27.

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