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Canadian Utilities misses Q1 2026 forecast, stock falls

Canadian Utilities reported Q1 2026 EPS of $0.816, 6.08% below the analyst forecast of $0.8688, after which the stock fell about 2% in pre-market trading and closed at $47.93. Adjusted earnings nevertheless rose 4.3% to CAD 242 million, supported by ATCO Energy Systems and ATCO Australia, on revenue of CAD 1.08 billion. Operating cash flow declined due to customer refunds, and higher interest expenses weighed on net income. The company points to infrastructure projects such as the Yellowhead pipeline as growth drivers and expects continued earnings growth for 2026. » More on de.investing.com
Canadian Utilities plans $12 billion investment programme despite missed earnings forecast

For Q1 2026 Canadian Utilities reported adjusted earnings of CAD 242m but missed the earnings-per-share forecast and experienced a modest share-price decline. The company announced a comprehensive five-year investment plan of USD 12bn (2026–2030), with peak spending in 2027 and a strong focus on natural gas transmission, notably the USD 2.9bn Yellowhead pipeline project. The investments are expected to materially expand the rate base (CAGR 6.9%) and will be 63% debt-funded; no common equity issuance is planned. Long-term success depends on timely project execution, regulatory support and balancing affordability with infrastructure growth. » More on de.investing.com
Canadian Utilities announces $12 billion investment program through 2030

Canadian Utilities is presenting a $12 billion capex program for 2026–2030, concentrated mainly on electricity and natural gas transmission, and aimed at growing its rate base from $16.6 billion (2025) to $23.2 billion by 2030. The company reported adjusted earnings of $658 million for 2025 and operating cash flow of $2,061 million, which support project financing. The core project is the $2.9 billion Yellowhead pipeline, with construction starting in March 2026 and commissioning expected at the end of 2027; 63% of the costs are planned to be financed through regulated subsidiary debt. ATCO Energy Systems and the Australian business are growing, while storage and unregulated assets enhance diversification and stable cash flows. » More on de.investing.com

Historical dividends Dividends

All dividend metrics All metrics

In 2026, Canadian Utilities has already paid €0.87 in dividends. The last payout was in September.

Financials

In the last quarter, Canadian Utilities had revenue of €563.92m and net profit of €78.97m

(EUR)	June 2026	YoY
Revenue	563.92m	7.41%
Gross profit	213.47m	41.78%
Net profit	78.97m	14.10%
EBITDA	286.89m	3.16%

Fundamentals

Metric	Value
Market capitalization	€6.53bn
Number of shares	205.73m
52-week high/low	€37.20 - €24.79
Dividend yield	3.61%
Dividends TTM	€1.14
Beta	0.60
P/E ratio	309.94
PEG ratio	-3.43
P/B ratio	2.06
P/S ratio	2.71

Company profile

Canadian Utilities Limited and its subsidiaries engage in the electricity, natural gas, and retail energy businesses worldwide. It operates through Utilities, Energy Infrastructure, and Corporate & Other segments. The Utilities segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, and the Northwest Territories; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia. It owns and operates approximately 9,000 kilometers of natural gas pipelines, 16 compressor sites, approximately 3,700 receipt and delivery points, and a salt cavern storage peaking facility located near Fort Saskatchewan, Alberta in Canada. The Energy Infrastructure segment provides electricity generation, natural gas storage, industrial water, and related infrastructure development solutions in Alberta, the Yukon, the Northwest Territories, Australia, Mexico, and Chile. The Corporate & Other segment retails electricity and natural gas business in Alberta. The company was incorporated in 1927 and is headquartered in Calgary, Canada. Canadian Utilities Limited is a subsidiary of ATCO Ltd.

Name	Canadian Utilities
CEO	Robert J. Myles
Headquarters	Calgary, ab Canada
Website	canadianutilities.com
Sector	Utilities
Industry	Electric Utilities
IPO	15/08/2000
Employees	8,632