Overview

* Canadian Utilities ( CDUTF ) Q3 adjusted EPS beats analyst expectations

* Adjusted earnings for Q3 rise to C$108 mln from C$102 mln in 2024

* Company invested C$402 mln in capital expenditures, mainly in regulated utilities

Outlook

* Canadian Utilities ( CDUTF ) expects Yellowhead Pipeline construction to start in 2026, pending approvals

* Company has filed for 2026-2028 revenue requirements, citing Yellowhead as a key factor

* CETO project to energize by June 2026, with C$255 mln expected project spend

Result Drivers

* CAPITAL INVESTMENTS - Co invested C$402 mln in Q3, primarily in regulated utilities, supporting growth initiatives

* YELLOWHEAD PIPELINE PROGRESS - AUC approved Needs Assessment Application for Yellowhead, advancing project development

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat C$0.40 C$0.38

Adjusted (4

EPS Analysts

)

Q3 C$108

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 0.8% above its November 6 closing price of C$39.69

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

Press Release:

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(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.)