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Canadian Utilities A (TSE:CU)
:CU
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.73Last Year’s EPS
0.71Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -0.64%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a positive quarter for Canadian Utilities, with strong earnings growth and significant progress on hydrogen initiatives and regulatory approvals in Australia. However, challenges persist in the form of lower earnings from ATCO Australia, decreased electricity generation pricing, and uncertainties in Alberta's renewables market. The overall sentiment is positive, given the company's robust financial performance and strategic advancements.Company Guidance
During the Canadian Utilities Q3 2024 earnings call, the company provided guidance highlighting strong financial performance and strategic growth initiatives. Canadian Utilities reported adjusted earnings of $102 million, up from $87 million in the same period last year, with adjusted earnings per share at $0.38. ATCO Energy Systems contributed $94 million in adjusted earnings, while ATCO EnPower saw a $5 million increase, bringing its total to $14 million. Cash flow from operations reached $490 million, supporting the company's robust capital program without the need for additional equity financing. The call also emphasized significant projects such as the $2.8 billion Yellowhead Mainline project and the South Australian Hydrogen jobs plan. The company remains focused on sustainable growth and value creation, leveraging partnerships and maintaining a self-funding strategy for its developments.Strong Quarterly Earnings Growth
Canadian Utilities reported adjusted earnings of $102 million for Q3 2024, up from $87 million in the same period last year, reflecting an increase of approximately 17.2%.
ATCO Energy Systems Performance
ATCO Energy Systems reported adjusted earnings of $94 million, an increase of 9.3% from Q3 last year, driven by rate base growth and higher allowed ROE.
Significant Progress on Hydrogen Initiatives
Canadian Utilities is advancing its hydrogen projects, including the South Australian Hydrogen jobs plan and the Heartland Hydrogen Hub project, with partnerships and potential investments underway.
Increased Cash Flow from Operations
Cash flow from operations was $490 million, up 9% from the prior year, supporting operational and capital commitments.
Positive Regulatory Developments in Australia
ATCO Australia received a favorable decision from the ERA for the sixth access arrangement, setting an ROE of 8.2% for the AA6 period, up from 5.02% under the previous arrangement.
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TSE:CU 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
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TSE:CU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$34.26 | C$34.38 | +0.35% |
| Aug 02, 2024 | C$31.96 | C$32.07 | +0.34% |
| May 02, 2024 | C$29.62 | C$29.49 | -0.44% |
| Feb 29, 2024 | C$29.32 | C$29.31 | -0.03% |
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.
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FAQ
When does Canadian Utilities A (TSE:CU) report earnings?
Canadian Utilities A (TSE:CU) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Canadian Utilities A (TSE:CU) earnings time?
Canadian Utilities A (TSE:CU) earnings time is at Feb 27, 2025, TBA Not 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 2024 (Q4) is 0.73.
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