Overview

* Canadian Utilities ( CDUTF ) Q2 adjusted EPS beats analyst expectations, per LSEG data

* Adjusted earnings rise to C$121 mln, up C$4 mln from Q2 2024

* Co invested C$382 mln in capital expenditures, mainly in regulated utilities

Outlook

* Company expects Yellowhead construction to start in 2026, pending approvals

* Canadian Utilities ( CDUTF ) anticipates CETO project energization by June 2026

* Company sees favorable conditions for natural gas storage operations

* Canadian Utilities ( CDUTF ) continues to pursue equity partnerships with Indigenous partners

Result Drivers

* CAPITAL INVESTMENTS - Co invested C$382 mln in capital expenditures, primarily in regulated utilities

* NATURAL GAS STORAGE - ATCO EnPower's favorable market conditions for natural gas storage operations contributed to revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat C$0.45 C$0.44

Adjusted (4

EPS Analysts

)

Q2 C$121

Adjusted mln

Net

Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "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 Canadian Utilities Ltd ( CDUTF ) is C$40.00, about 1.3% above its July 30 closing price of C$39.49

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 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.)