Overview

* ATCO Q2 adjusted earnings rise to C$101 mln, matching analyst expectations

* Adjusted EPS for Q2 was C$0.90, meeting analyst forecasts

* ATCO Structures expands with new contracts in Canada, US, and Australia

Outlook

* Company expects Yellowhead Pipeline construction to start in 2026

* ATCO sees favorable market for natural gas storage operations

* Company progressing on Central East Transfer-Out Project for 2026 completion

* ATCO pursuing equity partnerships for Yellowhead project

Result Drivers

* STRUCTURES EXPANSION - ATCO Structures grew market presence through new contracts in Canada, US, and Australia

* UTILITIES INVESTMENT - Canadian Utilities invested C$382 mln in regulated utilities, focusing on infrastructure projects

* ENPOWER REVENUE GROWTH - ATCO EnPower's natural gas storage operations supported long-term revenue growth strategy

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss -C$0.9 C$0.9 (5

Adjusted Analysts

EPS )

Q2 C$101

Adjusted mln

Net

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the multiline utilities peer group is "buy"

* Wall Street's median 12-month price target for Atco Ltd ( ACLLF ) is C$56.00, about 6.7% above its July 30 closing price of C$52.23

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)