Canadian Utilities (TSE:CU) Posts Earnings Results

Canadian Utilities (TSE:CU) announced its quarterly earnings results on Wednesday. The company reported C$0.89 EPS for the quarter, FiscalAI reports. Canadian Utilities had a net margin of 2.90% and a return on equity of 1.59%. The firm had revenue of C$1.08 billion during 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 Stock Performance

Shares of TSE CU opened at C$47.93 on Friday. The firm has a 50 day moving average of C$48.53 and a 200 day moving average of C$44.72. The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 186.03. The firm has a market capitalization of C$13.04 billion, a price-to-earnings ratio of 319.53, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60. Canadian Utilities has a 12-month low of C$36.23 and a 12-month high of C$51.05.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CU shares. National Bank Financial lifted their price target on shares of Canadian Utilities from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a research note on Thursday. Canadian Imperial Bank of Commerce lifted their price target on shares of Canadian Utilities from C$47.00 to C$51.00 in a research note on Monday, April 20th. TD Securities lifted their price target on shares of Canadian Utilities from C$41.00 to C$47.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Finally, Royal Bank Of Canada boosted their target price on shares of Canadian Utilities from C$49.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Thursday. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$46.83.

About Canadian Utilities

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.