Canadian Utilities Ltd (TSX:CU.PR.D.PFD)
C$ 21.14 -0.20 (-0.94%) Market Cap: - Enterprise Value: 4.61 Bil PE Ratio: 25.38 PB Ratio: 1.85 GF Score: 80/100

Q1 2025 Canadian Utilities Ltd Earnings Call Transcript

May 7, 2025 / 03:00 PM GMT
Release Date Price: C$20.59 (+0.93%)

Key Points

Positve
  • Canadian Utilities Ltd (CDUAF) reported strong Q1 2025 adjusted earnings of $232 million, up from $225 million in Q1 2024.
  • The company plans to invest $5.8 billion into regulated utilities in Canada over the next three years, with a significant focus on the Yellowhead pipeline project.
  • The Yellowhead pipeline project is expected to deliver 1.1 billion cubic feet per day of additional natural gas, supporting Alberta's energy needs.
  • Canadian Utilities Ltd (CDUAF) is actively participating in the energy transition, focusing on hydrogen development and cleaner energy infrastructure.
  • The company's Australian gas utility began operating under a new regulatory framework with an increased ROE, providing certainty through 2029.
Negative
  • Regulatory uncertainty in Alberta's energy market is causing hesitation among customers to invest in new generation projects.
  • The company's electricity generation business faced challenges due to lower capture pricing at the 40 Mile Wind Facility.
  • There is ongoing uncertainty regarding tariffs and environmental policies affecting the hydrogen project in Alberta.
  • The Alberta Utilities Commission's approval is pending for the Yellowhead pipeline project, which could impact project timelines.
  • The company faces challenges in Puerto Rico with system reliability and ongoing discussions with the government regarding payment requirements.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CU.TO - Canadian Utilities Ltd
Q1 2025 Canadian Utilities Ltd Earnings Call
May 07, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. This is the conference operator. Welcome to the first quarter 2025 results conference call and webcast for Canadian Utilities Limited.

As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions.

To join the question queue, you may press star, then 1 on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing, then 0.

I would now like to turn the conference over to Mr. Colin Jackson, senior Vice President, Financial operations. Please go ahead, Mr. Jackson.

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