Canadian Utilities to Release Third Quarter 2024 Results on November 14, 2024

Canadian Utilities Limited (CU), a diversified global energy infrastructure corporation, has announced that it will release its financial results for the quarter ended September 30, 2024, on Thursday, November 14, 2024. The news release will be distributed via Cision and the results, including Financial Statements and Management's Discussion & Analysis, will be posted on the company's website.

CU will hold a live teleconference and webcast with Katie Patrick, Executive Vice President & Chief Financial Officer, Wayne Stensby, Chief Operating Officer, ATCO Energy Systems, and Bob Myles, Chief Operating Officer, ATCO EnPower, at 9:00 am Mountain Time (11:00 am Eastern Time) on Thursday, November 14, 2024. The call will be accessible at 1-844-763-8274, with no pass code required. A replay of the teleconference will be available approximately two hours after the conclusion of the call until December 14, 2024.


In the past year, CU has experienced fluctuations in its earnings and revenue growth. The company's earnings per share (EPS) for the fiscal quarter 2024 (Q3) is forecasted at C$0.34, compared to C$0.25 in the same quarter last year. The EPS YoY change is -23.13% (-0.07). The company's revenue has also seen a decline, with a YoY change of -10.24% (-0.08) in the fourth quarter of 2023.


The primary factors influencing CU's earnings and revenue trends in the near future include changes in energy market dynamics, regulatory environments, and technological advancements. The company's ability to adapt to these factors and maintain its competitive position will be crucial in determining its financial performance.

CU's dividend policy has evolved over time, with the company distributing eligible dividends to shareholders. The Board of Directors has declared quarterly dividends for various share classes, with the dividend per share ranging from C$0.28125 to C$0.4531. These dividends are eligible dividends within the meaning of the Income Tax Act (Canada).


Regulatory environments and energy market dynamics play a significant role in shaping CU's dividend policy. The company must balance its dividend payouts with its financial obligations, capital expenditure requirements, and cash flow generation. As energy market dynamics and regulatory environments change, CU may adjust its dividend policy to maintain a sustainable and competitive position.

Comparing CU's dividend policy to its peers in the utility sector can provide valuable insights. By analyzing the dividend yields, payout ratios, and dividend growth rates of other utility companies, investors can gain a better understanding of CU's dividend policy and its potential impact on the company's stock price and investor sentiment.

In conclusion, Canadian Utilities Limited will release its third quarter 2024 results on November 14, 2024, providing investors with valuable insights into the company's financial performance. The company's earnings and revenue trends, as well as its dividend policy, are influenced by various factors, including energy market dynamics, regulatory environments, and technological advancements. By staying informed about these factors and analyzing CU's financial performance, investors can make more informed decisions about their investments in the company.