The earnings call presented a generally positive outlook with notable earnings growth and strategic developments in energy systems and gas storage. However, regulatory challenges and uncertainties in renewable and hydrogen projects posed significant hurdles.

Company Guidance -

Q3 2025

During the Second Quarter 2025 Results Conference Call for Canadian Utilities Limited, key financial and strategic updates were provided. The company reported adjusted earnings of CAD 121 million or CAD 0.45 per share, up from CAD 117 million in the same period in 2024, despite facing headwinds such as a reduction in the Return on Equity (ROE) for Alberta Utilities. Major projects were highlighted, including the CAD 280 million Central East Transfer-Out project, set to complete by mid-2026, and the CAD 2.8 billion Yellowhead pipeline project, with construction starting in 2026 and expected to generate 24,000 jobs by 2028. ATCO EnPower showed strong performance, particularly in natural gas storage, with capacity doubling since 2021 to 117 petajoules. The call also addressed challenges with the Alberta Utilities Commission's performance-based regulation decisions, for which appeals are underway, and detailed the company's proactive wildfire mitigation efforts. The discussion included potential for inorganic growth, particularly in gas storage across North America, and highlighted ongoing discussions regarding First Nations partnerships for project financing.

Positive Earnings Growth

Canadian Utilities delivered positive earnings growth year-over-year with adjusted earnings of CAD 121 million, up from CAD 117 million in the same period in 2024.

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.

Strong Performance in Gas Storage

Gas storage capacity more than doubled from 52 petajoules in 2021 to 117 petajoules, with per annum revenue in 2025 more than tripling from 2021.

ATCO Australia's Improved Earnings

ATCO Australia delivered adjusted earnings of CAD 21 million in Q2, which is CAD 4 million or 24% higher than the same period last year.

Engagement in Hydrogen Development

Optimistic on recent policy developments and engaged with stakeholders to advance hydrogen development at the ATCO Heartland Hydrogen Hub.

Canadian Utilities A (TSE:CU) 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

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TSE:CU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.38 / -	0.375	―	―	―
Jul 31, 2025	2025 (Q2)	0.44 / 0.38	0.322	17.08% (+0.05)	―	―
May 07, 2025	2025 (Q1)	0.84 / 0.77	0.82	-5.61% (-0.05)	―	―
Feb 27, 2025	2024 (Q4)	0.72 / 0.72	0.71	1.13% (<+0.01)	―	―
Nov 14, 2024	2024 (Q3)	0.34 / 0.38	0.246	52.44% (+0.13)	―	―
Aug 02, 2024	2024 (Q2)	0.41 / 0.32	0.301	6.98% (+0.02)	―	―
May 02, 2024	2024 (Q1)	0.83 / 0.82	0.732	12.02% (+0.09)	―	―
Feb 29, 2024	2023 (Q4)	0.69 / 0.71	0.791	-10.24% (-0.08)	―	―
Oct 26, 2023	2023 (Q3)	0.32 / 0.25	0.32	-23.13% (-0.07)	―	―
Jul 27, 2023	2023 (Q2)	0.45 / 0.30	0.505	-40.40% (-0.20)	―	―

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

TSE:CU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	C$39.02	C$38.12	-2.31%
May 07, 2025	C$37.46	C$37.55	+0.24%
Feb 27, 2025	C$34.07	C$33.50	-1.67%
Nov 14, 2024	C$33.01	C$33.12	+0.33%

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 (TSE:CU) report earnings?

Canadian Utilities A (TSE:CU) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is Canadian Utilities A (TSE:CU) earnings time?

Canadian Utilities A (TSE:CU) 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 TSE:CU EPS forecast?

TSE:CU EPS forecast for the fiscal quarter 2025 (Q3) is 0.38.

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