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Canadian Utilities A (TSE:CU)
TSX:CU
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.84Last Year’s EPS
0.82Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 1.09%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements in adjusted earnings growth, expansion plans, and positive developments in Australia. However, challenges such as decreased ROE, renewable market uncertainties, and regulatory issues present notable headwinds. Despite these challenges, the company's strategic investments and focus on growth provide a positive outlook.Company Guidance
During the Canadian Utilities Limited fourth quarter 2024 results conference call, the company provided guidance on several key financial metrics and future expectations. In 2024, Canadian Utilities achieved adjusted earnings of $647 million, up from $596 million in 2023, translating to adjusted earnings per share of $2.38. ATCO Energy Systems reported adjusted earnings of $632 million, an 11% increase from the previous year, driven by rate base growth and an increase in the allowable return on equity (ROE) from 8.5% in 2023 to 9.8% in 2024. However, for 2025, the allowable ROE is set to decrease to 8.97%, impacting earnings by approximately $15 million. Despite these headwinds, the company anticipates continued rate base growth and efficiency improvements. The ATCO EnPower segment achieved an adjusted EBITDA of $146 million, up $14 million, with adjusted earnings of $44 million. Within its electricity generation business, adjusted EBITDA increased by $2 million to $75 million, despite lower power prices. The storage and industrial water business also performed well, with an adjusted EBITDA of $71 million, up $7 million. ATCO Australia, however, saw adjusted earnings decline by $12 million due to lower inflation indexing. Overall, Canadian Utilities generated $1.9 billion in cash flow from operations, supporting their capital program and commitments. Looking forward, Canadian Utilities plans to invest $5.8 billion in its Canadian regulated utilities over the next three years, targeting an average annual rate base growth of 5.4%.Strong Adjusted Earnings Growth
Canadian Utilities achieved adjusted earnings of $647 million in 2024, up from $596 million in 2023, translating to adjusted earnings per share of $2.38.
ATCO Energy Systems Performance
ATCO Energy Systems delivered adjusted earnings of $632 million in 2024, an increase of 11% or $61 million compared to 2023. This was driven by rate base growth and an increase in the allowable ROE.
Expansion Plans and Capital Investment
The company invested $1.4 billion in utilities within ATCO Energy Systems and plans to invest $5.8 billion within Canadian regulated utilities over the next three years. This is expected to drive an average annual rate base growth of 5.4%.
Positive Developments in Australia
In Australia, ATCO Gas delivered adjusted earnings of $48 million. The new AA6 plan increased the regulated ROE to 8.23%, expected to increase adjusted earnings by 8% to 10% in 2025.
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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 |
|---|---|---|---|
| Feb 27, 2025 | C$34.89 | C$34.31 | -1.66% |
| Nov 14, 2024 | C$33.80 | C$33.92 | +0.36% |
| Aug 02, 2024 | C$31.54 | C$31.64 | +0.32% |
| May 02, 2024 | C$29.22 | C$29.10 | -0.41% |
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 Apr 24, 2025, TBA Not Confirmed.
What is Canadian Utilities A (TSE:CU) earnings time?
Canadian Utilities A (TSE:CU) earnings time is at Apr 24, 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 2025 (Q1) is 0.84.
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