ATCO Reports Q2 2025 Earnings: $101mln in Adjusted Earnings, $64mln in IFRS Earnings

ATCO Ltd. reported Q2 2025 adjusted earnings of $101 million, a $5 million increase from Q2 2024. IFRS earnings were $64 million, compared to $52 million in Q2 2024. ATCO Structures grew its market presence through organic initiatives and investments, while Canadian Utilities invested $382 million in capital expenditures, with 95% in regulated utilities.

In the second quarter of 2025, several major energy and utility companies reported strong financial performance, reflecting robust demand and strategic investments.

EPCOR Utilities Inc.
Edmonton-based EPCOR Utilities Inc. (EPCOR) filed its quarterly results for the period ended June 30, 2025, showcasing steady growth and strong performance. EPCOR President & CEO John Elford noted that the company's financial and operating performance aligned with expectations in the first half of 2025. Key highlights include:

- Net income of $151 million and $254 million for the three and six months ended June 30, 2025, respectively, compared to $104 million and $208 million for the same periods in 2024.
- Adjusted EBITDA of $311 million and $600 million for the three and six months ended June 30, 2025, respectively, up $37 million and $66 million from the comparative periods in 2024.
- Capital expenditures of $472 million for the six months ended June 30, 2025, compared to $431 million in 2024.

TC Energy Corporation
TC Energy Corporation (TSX, NYSE: TRP) also reported strong Q2 2025 results, with President and CEO François Poirier highlighting the company's commitment to safety and operational excellence. Key financial highlights include:

- Comparable earnings of $0.8 billion or $0.82 per common share, compared to $0.8 billion or $0.79 per common share in Q2 2024.
- Comparable EBITDA of $2.6 billion, up from $2.3 billion in Q2 2024.
- Capital expenditures anticipated to be $6.1 to $6.6 billion on a gross basis, or $5.5 to $6.0 billion of net capital expenditures.
- A quarterly dividend of $0.85 per common share declared for the quarter ending September 30, 2025.

ATCO Ltd.
ATCO Ltd. reported Q2 2025 adjusted earnings of $101 million, a $5 million increase from Q2 2024. IFRS earnings were $64 million, compared to $52 million in Q2 2024. The company's Structures division grew its market presence through organic initiatives and investments, while Canadian Utilities invested $382 million in capital expenditures, with 95% in regulated utilities.

Conclusion
The second quarter of 2025 saw robust financial performance across the energy and utility sectors, driven by strong demand and strategic investments. Companies like EPCOR, TC Energy, and ATCO Ltd. demonstrated resilience and growth, setting a positive tone for the remainder of the year.

References:
[1] https://www.epcor.com/ca/en/news/media-releases/2025-07-30-quarterly-results-q2.html
[2] https://www.morningstar.com/news/globe-newswire/9503576/tc-energy-reports-strong-second-quarter-2025-operating-and-financial-results