08:28 AM EST, 11/07/2025 (MT Newswires) -- Canadian Utilities Limited ( CDUTF ) on Friday reported a higher third-quarter adjusted earnings, while its revenue fell in the quarter.

The company reported third-quarter adjusted earnings of C$108 million or $0.40 per share, compared to $102 million or $0.38 per share in the corresponding year-ago quarter.

"Higher adjusted earnings in the third quarter of 2025 were mainly due to growth in rate base in ATCO Energy Systems' businesses, and higher rates in ATCO Gas Australia as a result of moving into AA6," said the company.

Third-quarter revenue was reported at $792 million, compared to $810 million in the year-ago quarter. The company stated that lower revenues were mainly due to the decreased revenue contribution from ATCO Energy with its sale to ATCO on Aug. 1, 2024.

"Thanks to the strong operational, financial and safety performance from our dedicated Canadian Utilities ( CDUTF ) team, we've had a great quarter," said Canadian Utilities Limited's ( CDUTF ) Chief Executive Officer, Bob Myles. "That same dedication is keeping our growth plans on track as well. On the Yellowhead Pipeline for example, we're pleased to have received approval from the Alberta Utilities Commission in the third quarter on the project's Needs Assessment Application and we've just filed the Yellowhead Facilities Application with the AUC, which is another successful milestone in progressing this important energy infrastructure project."