Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Canadian Utilities's retained earnings for the quarter that ended in Mar. 2026 was $2,642 Mil.
Canadian Utilities's quarterly retained earnings
declined
from Sep. 2025 ($2,920 Mil) to Dec. 2025 ($2,570 Mil) but then
increased
from Dec. 2025 ($2,570 Mil) to Mar. 2026 ($2,642 Mil).
Canadian Utilities's annual retained earnings
declined
from Dec. 2023 ($3,044 Mil) to Dec. 2024 ($2,807 Mil) and
declined
from Dec. 2024 ($2,807 Mil) to Dec. 2025 ($2,570 Mil).
Canadian Utilities (OTCPK:CDUAF) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Canadian Utilities Retained Earnings Historical Data
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The historical data trend for Canadian Utilities's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Canadian Utilities (CDUAF) has a Retained Earnings of $2,642 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Canadian Utilities and its competitors.
Is Canadian Utilities' Retained Earnings too high?
Canadian Utilities' current Retained Earnings is $2,642 Mil. Overall, Canadian Utilities has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Utilities' Retained Earnings compare to SRE and AES?
Canadian Utilities' Retained Earnings of $2,642 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Utilities - Regulated company?
A good Retained Earnings depends on the Utilities - Regulated industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Canadian Utilities and its competitors. Canadian Utilities's current Retained Earnings is $2,642 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Utilities stock overvalued right now?
Based on GuruFocus' analysis, Canadian Utilities (CDUAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.06, compared to a current price of $36.88 — trading 41.5% above its estimated fair value. The current Retained Earnings is $2,642 Mil. Canadian Utilities' overall GF Score™ is 77/100 with 14 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Canadian Utilities (CDUAF), the current Retained Earnings is $2,642 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Canadian Utilities (CDUAF) Overvalued in 2026?
Based on GuruFocus' analysis, Canadian Utilities stock appears to be overvalued.
The current stock price of $36.88 is trading 41.5% above its estimated GF Value™ of $26.06.
GuruFocus considers Canadian Utilities to be Significantly Overvalued.
Key valuation signals for CDUAF:
Retained Earnings: $2,642 Mil
GF Value™: $26.06 vs. price of $36.88 (41.5% above fair value)
No single metric tells the full story. See the CDUAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company is engaged in segments that include ATCO Energy Systems, ATCO EnPower, ATCO Australia, and Corporate & Other. Headquartered in Calgary, Alberta, the firm mainly operates in Canada, Australia, and others. The company generates maximum revenue from Canada. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.
77GF Score
Get the complete analysis for CDUAF
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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