Canadian Utilities (TSE:CU) Issues Quarterly Earnings Results

Canadian Utilities (TSE:CU) announced its earnings results on Wednesday. The company reported C$0.89 EPS for the quarter, FiscalAI reports. Canadian Utilities had a return on equity of 1.74% and a net margin of 3.22%.The firm had revenue of C$1.08 billion for the quarter.

Here are the key takeaways from Canadian Utilities’ conference call:

• Canadian Utilities announced a CAD 12 billion five-year capital plan (5‑year CAGR 6.9%) focused on regulated utilities, with the Yellowhead Pipeline 100% contracted and construction expected to begin in Q3 2026 pending final AUC facility approval.
• The company plans to fund regulated growth with annual debenture issuance, existing cash, the CAD 700 million raised in 2025 and about CAD 850 million of additional capital securities, and does not expect to issue common equity for regulated investments.
• Adjusted earnings rose to CAD 242 million in Q1 2026 (from CAD 232 million), driven by ATCO Energy Systems and strong performance in ATCO Australia, which also benefited from inflation adjustments.
• Operating cash flow declined by CAD 33 million year‑over‑year due to customer refunds under the PBR2 reopener decision, though the company notes the appeal was recently heard by the Court of Appeal of Alberta.
• The utilities emphasized operational excellence, delivering over CAD 500 million in total distribution cost savings and keeping distribution charges below inflation and peers, supporting affordability for customers.

Canadian Utilities Price Performance

Shares of TSE CU traded up C$0.04 during trading on Wednesday, hitting C$48.95. The company had a trading volume of 760,813 shares, compared to its average volume of 587,715. The company has a market cap of C$13.32 billion, a P/E ratio of 326.33, a PEG ratio of 2.38 and a beta of 0.60. Canadian Utilities has a 52 week low of C$36.23 and a 52 week high of C$51.05. The business’s 50-day moving average is C$48.51 and its 200 day moving average is C$44.59. The company has a debt-to-equity ratio of 194.86, a quick ratio of 1.30 and a current ratio of 1.56.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Canadian Imperial Bank of Commerce boosted their target price on Canadian Utilities from C$47.00 to C$51.00 in a report on Monday, April 20th. TD Securities boosted their target price on Canadian Utilities from C$41.00 to C$47.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. National Bank Financial upped their price target on Canadian Utilities from C$43.00 to C$45.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. Finally, Royal Bank Of Canada upped their price target on Canadian Utilities from C$43.00 to C$49.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$46.50.

Canadian Utilities Company Profile

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company’s main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.