Canadian Utilities Key Executives
This section highlights Canadian Utilities's key executives, including their titles and compensation details.
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Canadian Utilities Earnings
This section highlights Canadian Utilities's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-27 | $0.50 | $0.42 |
| Read Transcript | Q3 | 2024 | 2024-11-14 | $0.25 | $0.28 |
| Read Transcript | Q2 | 2024 | 2024-08-02 | $0.30 | $0.23 |
| Read Transcript | Q1 | 2024 | 2024-05-04 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-02-29 | $0.52 | $0.68 |
| Read Transcript | Q3 | 2023 | 2023-10-26 | $0.24 | $0.46 |
Canadian Utilities Limited and its subsidiaries engage in the electricity, natural gas, and retail energy businesses worldwide. It operates through Utilities, Energy Infrastructure, and Corporate & Other segments. The Utilities segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, and the Northwest Territories; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia. It owns and operates approximately 9,000 kilometers of natural gas pipelines, 16 compressor sites, approximately 3,700 receipt and delivery points, and a salt cavern storage peaking facility located near Fort Saskatchewan, Alberta in Canada. The Energy Infrastructure segment provides electricity generation, natural gas storage, industrial water, and related infrastructure development solutions in Alberta, the Yukon, the Northwest Territories, Australia, Mexico, and Chile. The Corporate & Other segment retails electricity and natural gas business in Alberta. The company was incorporated in 1927 and is headquartered in Calgary, Canada. Canadian Utilities Limited is a subsidiary of ATCO Ltd.
$27.32
Stock Price
$5.60B
Market Cap
-
Employees
Calgary, AB
Location
Financial Statements
Access annual & quarterly financial statements for Canadian Utilities, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $3.74B | $3.80B | $4.05B | $3.52B | $3.23B |
| Cost of Revenue | $1.14B | $1.23B | $1.31B | $1.14B | $961.00M |
| Gross Profit | $2.60B | $2.57B | $2.73B | $2.37B | $2.27B |
| Gross Profit Ratio | 69.51% | 67.73% | 67.54% | 67.45% | 70.28% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $449.00M | $393.00M | $374.00M | $362.00M | $341.00M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $449.00M | $393.00M | $374.00M | $362.00M | $341.00M |
| Other Expenses | $1.10B | $857.00M | $1.23B | $1.14B | $990.00M |
| Operating Expenses | $1.54B | $1.25B | $1.60B | $1.50B | $1.33B |
| Cost and Expenses | $2.69B | $2.48B | $2.92B | $2.64B | $2.29B |
| Interest Income | $76.00M | $54.00M | $36.00M | $11.00M | $15.00M |
| Interest Expense | $506.00M | $475.00M | $402.00M | $399.00M | $398.00M |
| Depreciation and Amortization | $711.00M | $725.00M | $643.00M | $651.00M | $610.00M |
| EBITDA | $1.84B | $2.09B | $1.88B | $1.59B | $1.59B |
| EBITDA Ratio | 49.20% | 55.14% | 46.52% | 45.18% | 49.27% |
| Operating Income | $1.06B | $1.32B | $1.21B | $940.00M | $972.00M |
| Operating Income Ratio | 28.22% | 34.80% | 29.87% | 26.74% | 30.06% |
| Total Other Income Expenses Net | $-432.00M | $-406.00M | $-460.00M | $-402.00M | $-386.00M |
| Income Before Tax | $624.00M | $915.00M | $838.00M | $538.00M | $586.00M |
| Income Before Tax Ratio | 16.68% | 24.10% | 20.70% | 15.31% | 18.13% |
| Income Tax Expense | $133.00M | $198.00M | $199.00M | $138.00M | $152.00M |
| Net Income | $480.00M | $707.00M | $632.00M | $393.00M | $427.00M |
| Net Income Ratio | 12.83% | 18.62% | 15.61% | 11.18% | 13.21% |
| EPS | $1.49 | $2.33 | $2.07 | $1.22 | $1.32 |
| EPS Diluted | $1.49 | $2.33 | $2.07 | $1.21 | $1.32 |
| Weighted Average Shares Outstanding | 271.36M | 270.07M | 269.13M | 269.86M | 272.76M |
| Weighted Average Shares Outstanding Diluted | 271.36M | 270.31M | 269.67M | 270.32M | 273.27M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $981.00M | $810.00M | $860.00M | $1.09B | $974.00M | $812.00M | $879.00M | $1.13B | $1.11B | $898.00M | $933.00M | $1.11B | $1.03B | $790.00M | $790.00M | $907.00M | $881.00M | $727.00M | $740.00M | $885.00M |
| Cost of Revenue | $286.00M | $235.00M | $275.00M | $615.00M | $622.00M | $268.00M | $278.00M | $374.00M | $376.00M | $297.00M | $286.00M | $355.00M | $335.00M | $263.00M | $258.00M | $288.00M | $242.00M | $224.00M | $225.00M | $270.00M |
| Gross Profit | $695.00M | $575.00M | $585.00M | $476.00M | $352.00M | $544.00M | $601.00M | $757.00M | $731.00M | $601.00M | $647.00M | $755.00M | $693.00M | $527.00M | $532.00M | $619.00M | $639.00M | $503.00M | $515.00M | $615.00M |
| Gross Profit Ratio | 70.85% | 70.99% | 68.02% | 43.63% | 36.14% | 67.00% | 68.37% | 66.93% | 66.03% | 66.93% | 69.35% | 68.02% | 67.41% | 66.71% | 67.34% | 68.25% | 72.53% | 69.19% | 69.59% | 69.49% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $112.00M | $98.00M | $145.00M | $94.00M | $106.00M | $99.00M | $93.00M | $95.00M | $101.00M | $89.00M | $86.00M | $98.00M | $96.00M | $90.00M | $90.00M | $86.00M | $82.00M | $80.00M | $99.00M | $80.00M |
| Selling and Marketing Expenses | $- | $- | $- | $43.00M | $270.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $112.00M | $98.00M | $145.00M | $137.00M | $376.00M | $99.00M | $93.00M | $95.00M | $101.00M | $89.00M | $86.00M | $98.00M | $96.00M | $90.00M | $90.00M | $86.00M | $82.00M | $80.00M | $99.00M | $80.00M |
| Other Expenses | $266.00M | $352.00M | $248.00M | $-20.00M | $-17.00M | $-18.00M | $-20.00M | $201.00M | $371.00M | $301.00M | $284.00M | $272.00M | $-18.00M | $-17.00M | $-18.00M | $-17.00M | $- | $7.00M | $2.00M | $3.00M |
| Operating Expenses | $378.00M | $450.00M | $393.00M | $157.00M | $393.00M | $292.00M | $380.00M | $296.00M | $472.00M | $390.00M | $370.00M | $370.00M | $366.00M | $356.00M | $430.00M | $347.00M | $415.00M | $297.00M | $317.00M | $302.00M |
| Cost and Expenses | $664.00M | $685.00M | $668.00M | $772.00M | $1.01B | $560.00M | $658.00M | $670.00M | $848.00M | $687.00M | $656.00M | $725.00M | $701.00M | $619.00M | $688.00M | $635.00M | $657.00M | $521.00M | $542.00M | $572.00M |
| Interest Income | $19.00M | $19.00M | $19.00M | $19.00M | $14.00M | $12.00M | $12.00M | $16.00M | $15.00M | $12.00M | $6.00M | $3.00M | $3.00M | $2.00M | $3.00M | $3.00M | $4.00M | $3.00M | $3.00M | $5.00M |
| Interest Expense | $128.00M | $128.00M | $125.00M | $125.00M | $130.00M | $115.00M | $113.00M | $113.00M | $102.00M | $102.00M | $98.00M | $100.00M | $101.00M | $99.00M | $99.00M | $100.00M | $99.00M | $100.00M | $100.00M | $99.00M |
| Depreciation and Amortization | $181.00M | $176.00M | $178.00M | $176.00M | $211.00M | $169.00M | $177.00M | $168.00M | $174.00M | $155.00M | $156.00M | $157.00M | $138.00M | $151.00M | $208.00M | $154.00M | $158.00M | $147.00M | $162.00M | $143.00M |
| EBITDA | $515.00M | $320.00M | $338.00M | $495.00M | $557.00M | $448.00M | $424.00M | $664.00M | $466.00M | $399.00M | $454.00M | $563.00M | $486.00M | $342.00M | $318.00M | $442.00M | $395.00M | $366.00M | $366.00M | $467.00M |
| EBITDA Ratio | 52.50% | 39.51% | 39.30% | 45.37% | 57.19% | 55.17% | 48.24% | 58.71% | 42.10% | 44.43% | 48.66% | 50.72% | 47.28% | 43.29% | 40.25% | 48.73% | 44.84% | 50.34% | 49.46% | 52.77% |
| Operating Income | $317.00M | $125.00M | $192.00M | $319.00M | $-41.00M | $267.00M | $235.00M | $480.00M | $282.00M | $232.00M | $292.00M | $403.00M | $359.00M | $189.00M | $107.00M | $285.00M | $236.00M | $216.00M | $201.00M | $319.00M |
| Operating Income Ratio | 32.31% | 15.43% | 22.33% | 29.24% | -4.21% | 32.88% | 26.73% | 42.44% | 25.47% | 25.84% | 31.30% | 36.31% | 34.92% | 23.92% | 13.54% | 31.42% | 26.79% | 29.71% | 27.16% | 36.05% |
| Total Other Income Expenses Net | $-111.00M | $-109.00M | $-106.00M | $-68.00M | $257.00M | $-103.00M | $-101.00M | $-97.00M | $-92.00M | $-90.00M | $-92.00M | $-97.00M | $-90.00M | $-97.00M | $-96.00M | $-97.00M | $-98.00M | $-97.00M | $-97.00M | $-94.00M |
| Income Before Tax | $206.00M | $16.00M | $86.00M | $297.00M | $216.00M | $164.00M | $134.00M | $383.00M | $190.00M | $142.00M | $200.00M | $306.00M | $247.00M | $92.00M | $11.00M | $188.00M | $138.00M | $119.00M | $104.00M | $225.00M |
| Income Before Tax Ratio | 21.00% | 1.98% | 10.00% | 27.22% | 22.18% | 20.20% | 15.24% | 33.86% | 17.16% | 15.81% | 21.44% | 27.57% | 24.03% | 11.65% | 1.39% | 20.73% | 15.66% | 16.37% | 14.05% | 25.42% |
| Income Tax Expense | $39.00M | $2.00M | $21.00M | $71.00M | $46.00M | $38.00M | $27.00M | $87.00M | $43.00M | $32.00M | $47.00M | $77.00M | $69.00M | $19.00M | $5.00M | $45.00M | $32.00M | $26.00M | $31.00M | $63.00M |
| Net Income | $164.00M | $12.00M | $62.00M | $242.00M | $185.00M | $125.00M | $105.00M | $292.00M | $145.00M | $89.00M | $134.00M | $209.00M | $160.00M | $55.00M | $5.00M | $124.00M | $104.00M | $74.00M | $56.00M | $143.00M |
| Net Income Ratio | 16.72% | 1.48% | 7.21% | 22.18% | 18.99% | 15.39% | 11.95% | 25.82% | 13.10% | 9.91% | 14.36% | 18.83% | 15.56% | 6.96% | 0.63% | 13.67% | 11.80% | 10.18% | 7.57% | 16.16% |
| EPS | $0.53 | $0.00 | $0.16 | $0.82 | $0.61 | $0.39 | $0.32 | $1.01 | $0.46 | $0.33 | $0.50 | $0.78 | $0.60 | $0.20 | $0.02 | $0.46 | $0.32 | $0.27 | $0.21 | $0.52 |
| EPS Diluted | $0.53 | $0.00 | $0.16 | $0.82 | $0.61 | $0.39 | $0.32 | $1.01 | $0.46 | $0.33 | $0.50 | $0.78 | $0.60 | $0.20 | $0.02 | $0.46 | $0.32 | $0.27 | $0.21 | $0.52 |
| Weighted Average Shares Outstanding | 271.36M | - | 271.36M | 271.04M | 270.93M | 270.28M | 269.90M | 269.52M | 269.47M | 269.19M | 269.06M | 268.95M | 269.35M | 268.87M | 269.70M | 272.01M | 272.75M | 272.81M | 272.79M | 272.68M |
| Weighted Average Shares Outstanding Diluted | 271.36M | - | 271.36M | 271.04M | 270.93M | 270.28M | 270.20M | 270.03M | 269.47M | 269.75M | 269.63M | 269.44M | 270.55M | 269.34M | 270.17M | 272.46M | 273.28M | 273.27M | 273.26M | 273.29M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $171.00M | $207.00M | $698.00M | $746.00M | $776.00M |
| Short Term Investments | $161.00M | $200.00M | $5.00M | $2.00M | $5.00M |
| Cash and Short Term Investments | $332.00M | $407.00M | $698.00M | $746.00M | $776.00M |
| Net Receivables | $824.00M | $721.00M | $852.00M | $746.00M | $648.00M |
| Inventory | $59.00M | $64.00M | $24.00M | $21.00M | $28.00M |
| Other Current Assets | $86.00M | $245.00M | $522.00M | $383.00M | $189.00M |
| Total Current Assets | $1.30B | $1.44B | $1.87B | $1.73B | $1.56B |
| Property Plant Equipment Net | $20.69B | $19.88B | $18.65B | $18.06B | $17.62B |
| Goodwill | $141.00M | $141.00M | $- | $- | $- |
| Intangible Assets | $995.00M | $976.00M | $819.00M | $726.00M | $656.00M |
| Goodwill and Intangible Assets | $1.14B | $1.12B | $819.00M | $726.00M | $656.00M |
| Long Term Investments | $235.00M | $232.00M | $237.00M | $204.00M | $165.00M |
| Tax Assets | $37.00M | $- | $26.00M | $33.00M | $72.00M |
| Other Non-Current Assets | $389.00M | $494.00M | $379.00M | $322.00M | $225.00M |
| Total Non-Current Assets | $22.49B | $21.72B | $20.11B | $19.34B | $18.74B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $23.79B | $23.16B | $21.97B | $21.07B | $20.30B |
| Account Payables | $814.00M | $820.00M | $989.00M | $739.00M | $549.00M |
| Short Term Debt | $333.00M | $536.00M | $113.00M | $554.00M | $178.00M |
| Tax Payables | $12.00M | $3.00M | $12.00M | $5.00M | $30.00M |
| Deferred Revenue | $- | $- | $-989.00M | $-739.00M | $-549.00M |
| Other Current Liabilities | $23.00M | $63.00M | $203.00M | $120.00M | $99.00M |
| Total Current Liabilities | $1.18B | $1.42B | $1.32B | $1.42B | $856.00M |
| Long Term Debt | $10.78B | $10.05B | $9.48B | $9.02B | $8.93B |
| Deferred Revenue Non-Current | $2.09B | $2.04B | $1.99B | $1.87B | $1.76B |
| Deferred Tax Liabilities Non-Current | $2.21B | $2.09B | $1.79B | $1.59B | $1.42B |
| Other Non-Current Liabilities | $404.00M | $399.00M | $336.00M | $3.81B | $526.00M |
| Total Non-Current Liabilities | $15.48B | $14.58B | $13.59B | $12.84B | $12.63B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $16.67B | $16.00B | $14.91B | $14.25B | $13.49B |
| Preferred Stock | $1.57B | $1.57B | $1.57B | $1.57B | $1.48B |
| Common Stock | $1.29B | $1.28B | $1.24B | $1.22B | $1.23B |
| Retained Earnings | $4.00B | $4.08B | $3.94B | $3.86B | $3.93B |
| Accumulated Other Comprehensive Income Loss | $28.00M | $-1.00M | $126.00M | $-22.00M | $-30.00M |
| Other Total Stockholders Equity | $16.00M | $14.00M | $23.00M | $22.00M | $24.00M |
| Total Stockholders Equity | $6.91B | $6.94B | $6.88B | $6.63B | $6.62B |
| Total Equity | $7.12B | $7.16B | $7.07B | $6.82B | $6.81B |
| Total Liabilities and Stockholders Equity | $23.79B | $23.16B | $21.97B | $21.07B | $20.30B |
| Minority Interest | $212.00M | $212.00M | $187.00M | $187.00M | $187.00M |
| Total Liabilities and Total Equity | $23.79B | $23.16B | $21.97B | $21.07B | $20.30B |
| Total Investments | $396.00M | $432.00M | $237.00M | $204.00M | $165.00M |
| Total Debt | $11.11B | $10.59B | $9.59B | $9.57B | $9.11B |
| Net Debt | $10.94B | $10.38B | $8.89B | $8.82B | $8.34B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $171.00M | $175.00M | $170.00M | $6.00M | $207.00M | $418.00M | $248.00M | $557.00M | $698.00M | $897.00M | $1.09B | $837.00M | $746.00M | $583.00M | $363.00M | $826.00M | $776.00M | $975.00M | $936.00M | $996.00M |
| Short Term Investments | $161.00M | $215.00M | $210.00M | $235.00M | $200.00M | $192.00M | $190.00M | $191.00M | $5.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $1.00M | $5.00M | $- | $- | $- | $- |
| Cash and Short Term Investments | $332.00M | $390.00M | $380.00M | $241.00M | $407.00M | $610.00M | $438.00M | $748.00M | $698.00M | $897.00M | $1.09B | $837.00M | $746.00M | $583.00M | $363.00M | $826.00M | $776.00M | $975.00M | $936.00M | $996.00M |
| Net Receivables | $824.00M | $534.00M | $503.00M | $776.00M | $755.00M | $513.00M | $553.00M | $759.00M | $852.00M | $617.00M | $576.00M | $714.00M | $746.00M | $533.00M | $532.00M | $613.00M | $648.00M | $501.00M | $474.00M | $611.00M |
| Inventory | $59.00M | $55.00M | $51.00M | $68.00M | $64.00M | $60.00M | $53.00M | $34.00M | $24.00M | $26.00M | $25.00M | $27.00M | $21.00M | $24.00M | $25.00M | $29.00M | $28.00M | $30.00M | $32.00M | $30.00M |
| Other Current Assets | $86.00M | $147.00M | $406.00M | $183.00M | $211.00M | $216.00M | $268.00M | $219.00M | $522.00M | $212.00M | $167.00M | $127.00M | $383.00M | $218.00M | $180.00M | $88.00M | $189.00M | $94.00M | $88.00M | $74.00M |
| Total Current Assets | $1.30B | $1.13B | $1.34B | $1.27B | $1.44B | $1.40B | $1.31B | $1.76B | $1.87B | $1.77B | $1.86B | $1.71B | $1.73B | $1.36B | $1.10B | $1.56B | $1.56B | $1.60B | $1.53B | $1.71B |
| Property Plant Equipment Net | $20.69B | $20.41B | $20.14B | $19.98B | $19.88B | $19.68B | $19.55B | $19.46B | $18.65B | $18.35B | $18.16B | $18.10B | $18.06B | $17.85B | $17.80B | $17.63B | $17.62B | $17.54B | $17.45B | $17.28B |
| Goodwill | $141.00M | $141.00M | $141.00M | $141.00M | $141.00M | $145.00M | $145.00M | $145.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $995.00M | $980.00M | $967.00M | $986.00M | $976.00M | $938.00M | $914.00M | $893.00M | $819.00M | $791.00M | $766.00M | $743.00M | $726.00M | $709.00M | $670.00M | $670.00M | $656.00M | $632.00M | $619.00M | $625.00M |
| Goodwill and Intangible Assets | $1.14B | $1.12B | $1.11B | $1.13B | $1.12B | $1.08B | $1.06B | $1.04B | $819.00M | $791.00M | $766.00M | $743.00M | $726.00M | $709.00M | $670.00M | $670.00M | $656.00M | $632.00M | $619.00M | $625.00M |
| Long Term Investments | $235.00M | $235.00M | $234.00M | $540.00M | $565.00M | $233.00M | $241.00M | $249.00M | $237.00M | $242.00M | $221.00M | $240.00M | $204.00M | $204.00M | $182.00M | $178.00M | $165.00M | $158.00M | $150.00M | $149.00M |
| Tax Assets | $37.00M | $32.00M | $- | $33.00M | $30.00M | $21.00M | $29.00M | $28.00M | $26.00M | $20.00M | $26.00M | $40.00M | $33.00M | $57.00M | $62.00M | $68.00M | $72.00M | $66.00M | $64.00M | $61.00M |
| Other Non-Current Assets | $389.00M | $348.00M | $378.00M | $132.00M | $131.00M | $435.00M | $408.00M | $351.00M | $379.00M | $357.00M | $338.00M | $356.00M | $322.00M | $319.00M | $292.00M | $260.00M | $225.00M | $231.00M | $231.00M | $295.00M |
| Total Non-Current Assets | $22.49B | $22.14B | $21.86B | $21.81B | $21.72B | $21.45B | $21.29B | $21.13B | $20.11B | $19.76B | $19.51B | $19.48B | $19.34B | $19.14B | $19.01B | $18.81B | $18.74B | $18.62B | $18.52B | $18.41B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $23.79B | $23.27B | $23.20B | $23.08B | $23.16B | $22.85B | $22.60B | $22.89B | $21.97B | $21.53B | $21.38B | $21.18B | $21.07B | $20.50B | $20.11B | $20.37B | $20.30B | $20.22B | $20.05B | $20.12B |
| Account Payables | $814.00M | $- | $551.00M | $719.00M | $820.00M | $639.00M | $652.00M | $940.00M | $989.00M | $664.00M | $605.00M | $739.00M | $739.00M | $522.00M | $498.00M | $608.00M | $549.00M | $482.00M | $453.00M | $573.00M |
| Short Term Debt | $333.00M | $66.00M | $305.00M | $440.00M | $536.00M | $800.00M | $133.00M | $590.00M | $113.00M | $332.00M | $555.00M | $390.00M | $554.00M | $302.00M | $302.00M | $176.00M | $178.00M | $378.00M | $117.00M | $114.00M |
| Tax Payables | $12.00M | $- | $- | $- | $3.00M | $- | $- | $- | $12.00M | $- | $- | $- | $5.00M | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $-639.00M | $-652.00M | $-940.00M | $-989.00M | $-664.00M | $-605.00M | $-739.00M | $-739.00M | $-522.00M | $-498.00M | $-608.00M | $-549.00M | $-482.00M | $-453.00M | $-573.00M |
| Other Current Liabilities | $23.00M | $625.00M | $184.00M | $71.00M | $63.00M | $208.00M | $130.00M | $143.00M | $203.00M | $177.00M | $150.00M | $188.00M | $120.00M | $122.00M | $113.00M | $112.00M | $129.00M | $54.00M | $66.00M | $58.00M |
| Total Current Liabilities | $1.18B | $691.00M | $1.04B | $1.23B | $1.42B | $1.65B | $915.00M | $1.67B | $1.32B | $1.17B | $1.31B | $1.32B | $1.42B | $946.00M | $913.00M | $896.00M | $856.00M | $914.00M | $636.00M | $745.00M |
| Long Term Debt | $10.78B | $10.82B | $10.42B | $10.05B | $10.05B | $9.79B | $10.10B | $9.70B | $9.48B | $9.36B | $9.15B | $9.03B | $9.02B | $9.22B | $8.77B | $8.93B | $8.93B | $8.82B | $8.92B | $8.85B |
| Deferred Revenue Non-Current | $2.09B | $2.08B | $- | $2.05B | $2.04B | $2.05B | $2.04B | $2.02B | $1.99B | $1.97B | $1.94B | $1.89B | $1.87B | $1.85B | $1.84B | $1.80B | $1.76B | $1.73B | $1.74B | $1.73B |
| Deferred Tax Liabilities Non-Current | $2.21B | $2.19B | $- | $2.12B | $2.09B | $2.05B | $2.02B | $1.98B | $1.79B | $1.74B | $1.70B | $1.66B | $1.59B | $1.54B | $1.50B | $1.48B | $1.42B | $1.37B | $1.35B | $1.37B |
| Other Non-Current Liabilities | $404.00M | $403.00M | $4.59B | $4.57B | $399.00M | $326.00M | $365.00M | $342.00M | $336.00M | $4.01B | $3.93B | $3.87B | $3.81B | $356.00M | $374.00M | $368.00M | $526.00M | $581.00M | $555.00M | $350.00M |
| Total Non-Current Liabilities | $15.48B | $15.49B | $15.01B | $14.62B | $14.58B | $14.21B | $14.52B | $14.05B | $13.59B | $13.37B | $13.09B | $12.90B | $12.84B | $12.96B | $12.48B | $12.58B | $12.63B | $12.50B | $12.56B | $12.30B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $16.67B | $16.18B | $16.05B | $15.85B | $16.00B | $15.86B | $15.44B | $15.72B | $14.91B | $14.54B | $14.39B | $14.22B | $14.25B | $13.91B | $13.40B | $13.48B | $13.49B | $13.42B | $13.20B | $13.05B |
| Preferred Stock | $1.57B | $1.57B | $1.57B | $1.57B | $1.57B | $1.57B | $1.57B | $1.57B | $1.57B | $1.57B | $1.57B | $1.57B | $1.57B | $1.37B | $1.48B | $1.48B | $1.48B | $1.48B | $1.48B | $1.48B |
| Common Stock | $1.29B | $1.29B | $1.29B | $1.29B | $1.28B | $1.27B | $1.26B | $1.24B | $1.24B | $1.23B | $1.22B | $1.22B | $1.22B | $1.21B | $1.21B | $1.22B | $1.23B | $1.23B | $1.23B | $1.23B |
| Retained Earnings | $4.00B | $3.97B | $4.10B | $4.18B | $4.08B | $3.94B | $4.08B | $4.08B | $3.94B | $3.93B | $3.97B | $3.96B | $3.86B | $3.83B | $3.87B | $4.03B | $3.93B | $3.94B | $4.00B | $4.28B |
| Accumulated Other Comprehensive Income Loss | $28.00M | $28.00M | $-43.00M | $-36.00M | $-1.00M | $-18.00M | $23.00M | $49.00M | $126.00M | $58.00M | $21.00M | $17.00M | $-22.00M | $-18.00M | $-48.00M | $-36.00M | $-30.00M | $-49.00M | $-65.00M | $-116.00M |
| Other Total Stockholders Equity | $16.00M | $15.00M | $14.00M | $14.00M | $14.00M | $14.00M | $12.00M | $8.00M | $23.00M | $9.00M | $9.00M | $9.00M | $22.00M | $8.00M | $8.00M | $8.00M | $24.00M | $14.00M | $14.00M | $14.00M |
| Total Stockholders Equity | $6.91B | $6.88B | $6.94B | $7.02B | $6.94B | $6.77B | $6.95B | $6.96B | $6.88B | $6.80B | $6.79B | $6.78B | $6.63B | $6.40B | $6.53B | $6.70B | $6.62B | $6.62B | $6.66B | $6.89B |
| Total Equity | $7.12B | $7.09B | $7.15B | $7.23B | $7.16B | $6.98B | $7.16B | $7.17B | $7.07B | $6.99B | $6.98B | $6.97B | $6.82B | $6.59B | $6.71B | $6.89B | $6.81B | $6.81B | $6.85B | $7.08B |
| Total Liabilities and Stockholders Equity | $23.79B | $23.27B | $23.20B | $23.08B | $23.16B | $22.85B | $22.60B | $22.89B | $21.97B | $21.53B | $21.38B | $21.18B | $21.07B | $20.50B | $20.11B | $20.37B | $20.30B | $20.22B | $20.05B | $20.12B |
| Minority Interest | $212.00M | $210.00M | $212.00M | $212.00M | $212.00M | $210.00M | $213.00M | $216.00M | $187.00M | $187.00M | $187.00M | $187.00M | $187.00M | $187.00M | $187.00M | $187.00M | $187.00M | $187.00M | $187.00M | $187.00M |
| Total Liabilities and Total Equity | $23.79B | $23.27B | $23.20B | $23.08B | $23.16B | $22.85B | $22.60B | $22.89B | $21.97B | $21.53B | $21.38B | $21.18B | $21.07B | $20.50B | $20.11B | $20.37B | $20.30B | $20.22B | $20.05B | $20.12B |
| Total Investments | $396.00M | $450.00M | $442.00M | $775.00M | $765.00M | $425.00M | $431.00M | $440.00M | $237.00M | $242.00M | $221.00M | $240.00M | $204.00M | $204.00M | $182.00M | $178.00M | $165.00M | $158.00M | $150.00M | $149.00M |
| Total Debt | $11.11B | $10.89B | $10.72B | $10.49B | $10.59B | $10.59B | $10.23B | $10.29B | $9.59B | $9.69B | $9.70B | $9.42B | $9.57B | $9.53B | $9.07B | $9.11B | $9.11B | $9.20B | $9.04B | $8.96B |
| Net Debt | $10.94B | $10.71B | $10.55B | $10.49B | $10.38B | $10.17B | $9.98B | $9.74B | $8.89B | $8.79B | $8.61B | $8.59B | $8.82B | $8.94B | $8.71B | $8.28B | $8.34B | $8.23B | $8.10B | $7.96B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $491.00M | $707.00M | $639.00M | $400.00M | $434.00M |
| Depreciation and Amortization | $711.00M | $725.00M | $642.00M | $651.00M | $610.00M |
| Deferred Income Tax | $133.00M | $198.00M | $199.00M | $138.00M | $152.00M |
| Stock Based Compensation | $- | $2.00M | $3.00M | $4.00M | $-3.00M |
| Change in Working Capital | $-83.00M | $-101.00M | $106.00M | $48.00M | $3.00M |
| Accounts Receivables | $-49.00M | $112.00M | $-155.00M | $-105.00M | $-13.00M |
| Inventory | $-15.00M | $-41.00M | $-3.00M | $7.00M | $2.00M |
| Accounts Payables | $- | $-111.00M | $264.00M | $153.00M | $14.00M |
| Other Working Capital | $-19.00M | $-61.00M | $-5.00M | $-7.00M | $- |
| Other Non Cash Items | $665.00M | $249.00M | $551.00M | $509.00M | $389.00M |
| Net Cash Provided by Operating Activities | $1.92B | $1.78B | $2.14B | $1.72B | $1.63B |
| Investments in Property Plant and Equipment | $-1.49B | $-1.20B | $-1.37B | $-1.22B | $-890.00M |
| Acquisitions Net | $110.00M | $-696.00M | $9.00M | $-111.00M | $-9.00M |
| Purchases of Investments | $-10.00M | $-197.00M | $-8.00M | $-27.00M | $-9.00M |
| Sales Maturities of Investments | $- | $- | $-1.00M | $27.00M | $9.00M |
| Other Investing Activities | $-19.00M | $-160.00M | $113.00M | $70.00M | $-6.00M |
| Net Cash Used for Investing Activities | $-1.41B | $-2.25B | $-1.26B | $-1.26B | $-905.00M |
| Debt Repayment | $276.00M | $991.00M | $15.00M | $490.00M | $35.00M |
| Common Stock Issued | $- | $18.00M | $1.00M | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $-227.00M | $-12.00M |
| Dividends Paid | $-550.00M | $-535.00M | $-535.00M | $-541.00M | $-544.00M |
| Other Financing Activities | $-516.00M | $-493.00M | $-413.00M | $-310.00M | $-403.00M |
| Net Cash Used Provided by Financing Activities | $-790.00M | $-19.00M | $-932.00M | $-478.00M | $-924.00M |
| Effect of Forex Changes on Cash | $-5.00M | $1.00M | $-4.00M | $-6.00M | $-1.00M |
| Net Change in Cash | $-287.00M | $-491.00M | $-52.00M | $-28.00M | $-199.00M |
| Cash at End of Period | $-80.00M | $207.00M | $698.00M | $750.00M | $778.00M |
| Cash at Beginning of Period | $207.00M | $698.00M | $750.00M | $778.00M | $977.00M |
| Operating Cash Flow | $1.92B | $1.78B | $2.14B | $1.72B | $1.63B |
| Capital Expenditure | $-1.59B | $-1.34B | $-1.37B | $-1.22B | $-890.00M |
| Free Cash Flow | $322.00M | $441.00M | $771.00M | $497.00M | $741.00M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $167.00M | $14.00M | $62.00M | $242.00M | $185.00M | $126.00M | $107.00M | $296.00M | $147.00M | $110.00M | $153.00M | $229.00M | $178.00M | $73.00M | $6.00M | $143.00M | $106.00M | $93.00M | $73.00M | $162.00M |
| Depreciation and Amortization | $181.00M | $176.00M | $178.00M | $176.00M | $211.00M | $169.00M | $177.00M | $168.00M | $174.00M | $155.00M | $156.00M | $157.00M | $138.00M | $151.00M | $208.00M | $154.00M | $158.00M | $147.00M | $162.00M | $143.00M |
| Deferred Income Tax | $39.00M | $2.00M | $21.00M | $71.00M | $190.00M | $38.00M | $27.00M | $87.00M | $43.00M | $32.00M | $47.00M | $77.00M | $69.00M | $19.00M | $5.00M | $45.00M | $32.00M | $26.00M | $31.00M | $63.00M |
| Stock Based Compensation | $- | $- | $- | $- | $2.00M | $- | $- | $- | $3.00M | $- | $- | $- | $4.00M | $- | $- | $- | $-3.00M | $- | $- | $- |
| Change in Working Capital | $-14.00M | $-12.00M | $45.00M | $-102.00M | $37.00M | $22.00M | $-68.00M | $-65.00M | $120.00M | $-53.00M | $-22.00M | $61.00M | $-3.00M | $-32.00M | $15.00M | $68.00M | $-58.00M | $-46.00M | $84.00M | $23.00M |
| Accounts Receivables | $- | $- | $- | $- | $112.00M | $- | $- | $- | $-155.00M | $- | $- | $- | $-105.00M | $- | $- | $- | $-13.00M | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $-41.00M | $- | $- | $- | $-3.00M | $- | $- | $- | $7.00M | $- | $- | $- | $2.00M | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $-111.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $-14.00M | $-12.00M | $45.00M | $-102.00M | $77.00M | $22.00M | $-68.00M | $-65.00M | $278.00M | $-53.00M | $-22.00M | $61.00M | $-58.00M | $-32.00M | $15.00M | $68.00M | $-45.00M | $-46.00M | $84.00M | $23.00M |
| Other Non Cash Items | $152.00M | $239.00M | $165.00M | $412.00M | $146.00M | $126.00M | $116.00M | $54.00M | $121.00M | $136.00M | $179.00M | $115.00M | $124.00M | $110.00M | $135.00M | $140.00M | $108.00M | $82.00M | $84.00M | $115.00M |
| Net Cash Provided by Operating Activities | $525.00M | $419.00M | $471.00M | $376.00M | $347.00M | $394.00M | $342.00M | $540.00M | $608.00M | $380.00M | $513.00M | $639.00M | $510.00M | $320.00M | $377.00M | $511.00M | $420.00M | $295.00M | $427.00M | $489.00M |
| Investments in Property Plant and Equipment | $-526.00M | $-382.00M | $-294.00M | $-313.00M | $-388.00M | $-326.00M | $-327.00M | $-298.00M | $-448.00M | $-369.00M | $-291.00M | $-261.00M | $-337.00M | $-244.00M | $-418.00M | $-222.00M | $-248.00M | $-205.00M | $-185.00M | $-252.00M |
| Acquisitions Net | $-1.00M | $113.00M | $-2.00M | $- | $1.00M | $-1.00M | $-18.00M | $-677.00M | $1.00M | $-4.00M | $- | $4.00M | $-90.00M | $-9.00M | $-8.00M | $-4.00M | $- | $-1.00M | $-3.00M | $-5.00M |
| Purchases of Investments | $-3.00M | $-2.00M | $-3.00M | $-2.00M | $-3.00M | $-2.00M | $-2.00M | $-190.00M | $- | $-4.00M | $- | $-4.00M | $-6.00M | $-9.00M | $-8.00M | $-4.00M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $-37.00M | $2.00M | $- | $- | $4.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $23.00M | $5.00M | $-14.00M | $-8.00M | $28.00M | $8.00M | $-56.00M | $33.00M | $6.00M | $44.00M | $-20.00M | $82.00M | $99.00M | $19.00M | $-98.00M | $50.00M | $2.00M | $18.00M | $-45.00M | $19.00M |
| Net Cash Used for Investing Activities | $-507.00M | $-266.00M | $-313.00M | $-323.00M | $-362.00M | $-358.00M | $-401.00M | $-1.13B | $-441.00M | $-329.00M | $-311.00M | $-175.00M | $-328.00M | $-234.00M | $-524.00M | $-176.00M | $-246.00M | $-188.00M | $-233.00M | $-238.00M |
| Debt Repayment | $2.00M | $391.00M | $-1.00M | $-116.00M | $-37.00M | $366.00M | $-38.00M | $700.00M | $-124.00M | $-8.00M | $303.00M | $-156.00M | $42.00M | $457.00M | $-5.00M | $-4.00M | $-105.00M | $148.00M | $-5.00M | $-3.00M |
| Common Stock Issued | $- | $- | $- | $- | $-1.00M | $1.00M | $17.00M | $- | $- | $- | $1.00M | $- | $- | $379.00M | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $-3.00M | $- | $- | $- | $- | $- | $- | $- | $2.00M | $-110.00M | $-61.00M | $-58.00M | $-13.00M | $- | $- | $- |
| Dividends Paid | $-143.00M | $-142.00M | $-133.00M | $-132.00M | $-131.00M | $-134.00M | $-135.00M | $-135.00M | $-133.00M | $-135.00M | $-241.00M | $-134.00M | $-135.00M | $-133.00M | $-136.00M | $-137.00M | $-137.00M | $-135.00M | $-136.00M | $-136.00M |
| Other Financing Activities | $-127.00M | $-132.00M | $-128.00M | $-129.00M | $-185.00M | $-105.00M | $-1.00M | $-113.00M | $-119.00M | $-93.00M | $-5.00M | $-88.00M | $84.00M | $-199.00M | $-113.00M | $-82.00M | $-121.00M | $-81.00M | $-120.00M | $-81.00M |
| Net Cash Used Provided by Financing Activities | $-268.00M | $117.00M | $-262.00M | $-251.00M | $-196.00M | $128.00M | $-246.00M | $452.00M | $-376.00M | $-236.00M | $58.00M | $-378.00M | $-7.00M | $125.00M | $-315.00M | $-281.00M | $-375.00M | $-68.00M | $-261.00M | $-220.00M |
| Effect of Forex Changes on Cash | $-3.00M | $-2.00M | $- | $- | $20.00M | $- | $1.00M | $-1.00M | $-4.00M | $- | $-1.00M | $1.00M | $-4.00M | $3.00M | $-3.00M | $-2.00M | $-1.00M | $3.00M | $5.00M | $-8.00M |
| Net Change in Cash | $-253.00M | $268.00M | $-104.00M | $-201.00M | $-191.00M | $164.00M | $-304.00M | $-141.00M | $-213.00M | $-185.00M | $259.00M | $87.00M | $171.00M | $214.00M | $-465.00M | $52.00M | $-202.00M | $42.00M | $-62.00M | $23.00M |
| Cash at End of Period | $-80.00M | $173.00M | $-95.00M | $6.00M | $207.00M | $417.00M | $253.00M | $557.00M | $698.00M | $911.00M | $1.10B | $837.00M | $750.00M | $579.00M | $365.00M | $830.00M | $778.00M | $980.00M | $938.00M | $1.00B |
| Cash at Beginning of Period | $173.00M | $-95.00M | $9.00M | $207.00M | $398.00M | $253.00M | $557.00M | $698.00M | $911.00M | $1.10B | $837.00M | $750.00M | $579.00M | $365.00M | $830.00M | $778.00M | $980.00M | $938.00M | $1.00B | $977.00M |
| Operating Cash Flow | $525.00M | $419.00M | $345.00M | $376.00M | $347.00M | $394.00M | $342.00M | $540.00M | $608.00M | $380.00M | $513.00M | $639.00M | $510.00M | $320.00M | $377.00M | $511.00M | $420.00M | $295.00M | $427.00M | $489.00M |
| Capital Expenditure | $-555.00M | $-409.00M | $-318.00M | $-313.00M | $-388.00M | $-326.00M | $-327.00M | $-298.00M | $-448.00M | $-369.00M | $-291.00M | $-261.00M | $-337.00M | $-244.00M | $-418.00M | $-222.00M | $-248.00M | $-205.00M | $-185.00M | $-252.00M |
| Free Cash Flow | $-30.00M | $10.00M | $27.00M | $63.00M | $-41.00M | $68.00M | $15.00M | $242.00M | $160.00M | $11.00M | $222.00M | $378.00M | $173.00M | $76.00M | $-41.00M | $289.00M | $172.00M | $90.00M | $242.00M | $237.00M |
Canadian Utilities Dividends
Explore Canadian Utilities's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
5.81%
Dividend Payout Ratio
114.58%
Dividend Paid & Capex Coverage Ratio
0.89x
Canadian Utilities Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.33024 | $0.33024 | May 01, 2025 | May 01, 2025 | June 01, 2025 | |
| $0.3199 | $0.3199 | February 06, 2025 | February 06, 2025 | March 01, 2025 | |
| $0.325 | $0.325 | November 07, 2024 | November 07, 2024 | December 01, 2024 | |
| $0.329 | $0.329 | August 08, 2024 | August 08, 2024 | September 01, 2024 | |
| $0.329 | $0.329 | May 01, 2024 | May 02, 2024 | June 01, 2024 | |
| $0.338 | $0.338 | January 31, 2024 | February 01, 2024 | March 01, 2024 | |
| $0.325 | $0.325 | November 01, 2023 | November 02, 2023 | December 01, 2023 | |
| $0.338 | $0.338 | August 02, 2023 | August 03, 2023 | September 01, 2023 | |
| $0.32932 | $0.32932 | May 03, 2023 | May 04, 2023 | June 01, 2023 | |
| $0.33735 | $0.33735 | February 01, 2023 | February 02, 2023 | March 01, 2023 | |
| $0.326 | $0.326 | November 02, 2022 | November 03, 2022 | December 01, 2022 | |
| $0.345 | $0.345 | August 03, 2022 | August 04, 2022 | September 01, 2022 | |
| $0.346 | $0.346 | May 04, 2022 | May 05, 2022 | June 01, 2022 | |
| $0.35047 | $0.35047 | February 02, 2022 | February 03, 2022 | March 01, 2022 | |
| $0.3549 | $0.3549 | November 03, 2021 | November 04, 2021 | December 01, 2021 | |
| $0.35075 | $0.35075 | August 04, 2021 | August 05, 2021 | September 01, 2021 | |
| $0.358 | $0.358 | May 05, 2021 | May 06, 2021 | June 01, 2021 | |
| $0.34394 | $0.34394 | February 03, 2021 | February 04, 2021 | March 01, 2021 | |
| $0.332 | $0.332 | November 04, 2020 | November 05, 2020 | December 01, 2020 | |
| $0.327 | $0.327 | August 05, 2020 | August 06, 2020 | September 01, 2020 |
Canadian Utilities News
Read the latest news about Canadian Utilities, including recent articles, headlines, and updates.
2025 Dividend Kings: Weathering Tariff Volatility Better Than The Market
The Dividend Kings are outperforming the S&P 500 in 2025 by 8.94%. Top performers include National Fuel & Gas (+28.88%), Consolidated Edison (+28.10%), and Middlesex Water Company (+21.00%). Promising Dividend Kings identified in March showed relative outperformance, averaging -3.15% vs. -8.16% for SPY.
Buy 3 'Safer' Dividend Kings Of 25 From March's 55
The article highlights 55 Dividend Kings, noting that five of the top ten by yield offer annual dividends from a $1K investment exceeding their single share prices. Analysts predict top-ten Kingly net gains ranging from 12.57% to 50.26% for March 2026, with six out of ten top-yield Kings expected to be top gainers. Sixteen out of fifty-five Kings show negative free cash flow margins, making them cash-poor and unsafe to buy; focus on safer Kings like Altria, United Bankshares, and Hormel.
Canadian Utilities Limited (CDUAF) Q4 2024 Earnings Call Transcript
Canadian Utilities Limited (OTCPK:CDUAF) Q4 2024 Earnings Conference Call February 27, 2025 12:00 PM ET Company Participants Colin Jackson – Senior Vice President, Financial Operations Katie Patrick – Executive Vice President, Chief Financial and Investment Officer Bob Myles – President and Chief Operating Officer Conference Call Participants Robert Hope – Scotiabank Maurice Choy – RBC Capital Markets Mark Jarvi – CIBC Capital Markets Ben Pham – BMO Patrick Kenny – National Bank Financial Operator Thank you for standing by. This is the conference operator.
Buy 3 "Safer" Dividend Kings Of 24 Out Of 52 For February
Seven of the top-ten Dividend Kings by yield offer annual dividends from a $1K investment exceeding their single share prices, making them attractive buys. Six Dividend Kings, including Altria Group and Hormel Foods, are currently fair-priced, with dividends meeting or exceeding their single-share prices. Analysts predict net gains between 15% and 45.53% for the top-ten Dividend Kings by February 2026, based on target prices.
2025 Dividend Kings - Off To A Strong Start
The Dividend Kings are outperforming the S&P 500 in 2025, up 4% YTD versus 1.39% for SPY. Ten Dividend Kings have already achieved double-digit returns, led by National Fuel Gas (+22.08%) and Abbott Laboratories (+20.71%). 2025 Dividend growth is looking promising, with ABM Industries and Walmart leading with 17.78% and 15.69% increases, respectively.
Canadian Utilities: Creating A 10% Yield And Selling The Preferreds
We had previously rated Canadian Utilities as a 'Hold' and bought the preferred shares in anticipation of a high reset yield. We sold the preferred shares after a 19% return in 6 months, as peak yields for Government of Canada 5-year bonds were reached. The common stock has retraced a bit, and that allowed us to create a new 10% yield using covered calls on this dividend aristocrat.
What Can The Dividend Kings Deliver In 2025?
The Dividend Kings underperformed the broad U.S. equity market in 2024, achieving a 5.53% total return compared to the S&P 500's 24.89%. 2024 returns for the Dividend Kings were primarily driven by earnings growth and dividends, with the change in P/E ratio being a detractor. I breakdown the components of total return for each Dividend King by sector to gain insights into current valuation.
Buy 3 'Safer' Dividend Kings Of 25 From 53 For January
“A Dividend King [is] a stock with 50 or more consecutive years of dividend increases.”—suredividend.com. 53 Divided Kings, screened as of January 10, 2025, represented all eleven Morningstar Sectors. Broker-estimated top-ten net-gains ranged 22.84%-62.53% topped-by SJW & SCL. By yield, MO topped all the Kings. Top-ten Yields from KVUE, SWK, UBSI, FTS, FRT, BKH, NWN, CDUAF, UVV, & MO, averaged 5.04%.
Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends
"A Dividend King [is] a stock with 50 or more consecutive years of dividend increases." - suredividend.com. 53 Divided Kings, screened as of December 11, 2024, represented all eleven Morningstar Sectors. Broker-estimated top-ten net gains ranged from 14.79% to 25.23%, topped by SJW and SWK. By yield, MO topped all the Kings. Top-ten yields from ABBV, ADM, SWK, FRT, FTS, BKH, NWN, CDUAF, UVV, and MO averaged 4.67%.
Canadian Utilities: Dividend King's Preferreds Remain Attractive For High Yield
Canadian Utilities delivered a solid Q3-2024. Alberta's ROE reduction was a mild negative. We go over the results, the valuation, and tell you why we still think the preferred shares have the best setup for yield-hungry investors.
Canadian Utilities Limited (CDUAF) Q3 2024 Earnings Call Transcript
Canadian Utilities Limited (OTCPK:CDUAF) Q3 2024 Earnings Conference Call November 14, 2024 11:00 AM ET Company Participants Colin Jackson - Senior Vice President, Finance, Treasury, Risk & Sustainability Katie Patrick - Executive Vice President & Chief Financial Officer Wayne Stensby - Chief Operating Officer of ATCO Energy Systems Bob Myles - Chief Operating Officer at ATCO EnPower Conference Call Participants Rob Hope - Scotiabank Maurice Choy - RBC Mark Jarvi - CIBC Capital Markets Patrick Kenny - National Bank Financial Operator Thank you for standing by. This is the conference operator.
Buy 7 October Dividend Kings, Watch 10 More
A Dividend King is a stock with 50 or more consecutive years of dividend increases per suredividend.com. The 53 Dividend Kings, screened as of October 8, represented 8 of 11 Morningstar Sectors. Broker-targeted top-ten net-gains ranged 13.99%-20.65% topped by Northwest Natural and United Bankshares. By yield, Altria tops all. Top-ten October dogs: HRL, KVUE, FRT, UBSI, FTS, BKH, NWN, CDUAF, UVV, and MO averaged 4.87% in yield.
Canadian Utilities: Dividend King Delivers, But Preferreds Might Make A Better Bet
We upgraded Canadian Utilities to a buy in February and reiterated that in May. The stock has done quite well, though it has lagged the parent Atco. Ltd. The dividend king has delivered but valuation is not as attractive as it once was.
Buy 7 September Dividend Kings, Watch 9 More
"What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.” - suredividend.com. The 53 Dividend Kings, screened as of Sept. 10, represented eight of 11 Morningstar Sectors. Broker-targeted top 10 net gains ranged around 11.59%-35.94%, topped by Emerson and Stephan. By yield, Altria tops all. Top 10 September dogs: HRL, KVUE, FRT, FTS, UBSI, BKH, NWN, CDUAF, UVV, and MO averaged 4.70% in yield.
How I Would Invest $100,000 For Big Dividends In September 2024
I discuss which areas of the market are most opportunistic for generating high yield income right now. I share some of my top picks within those sectors. I also share how I would deploy $100,000 of new money across those opportunities in September 2024.
53 August Dividend Kings: Buy 7, Watch 9 More
“What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.”—suredividend.com. The 53 Dividend Kings, screened as of August 6, represented 8 of 11 Morningstar Sectors. Broker-targeted top-ten net-gains ranged 9.36%-31.67% topped-by PPG, and Target. By yield, Altria tops-all. Top-ten August dogs: NFG, FRT, KVUE, FTS, UBSI, BKH, NWN, CDUAF, UVV, & MO averaged 4.92% in yield.
Canadian Utilities Limited (CDUAF) Q2 2024 Earnings Call Transcript
Canadian Utilities Limited (OTCPK:CDUAF) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Colin Jackson - SVP, Finance, Treasury, Risk and Sustainability Katie Patrick - EVP and CFO Wayne Stensby - COO, ATCO Energy Systems Clint Warkentin - EVP and CFO and CIO, ATCO Energy Systems Bob Myles - COO, ATCO EnPower Conference Call Participants Mark Jarvi - CIBC Capital Markets Maurice Choy - RBC Capital Markets Ben Pham - BMO Operator Thank you for standing by. This is the conference operator.
Canadian Utilities: A Best-In-Class Dividend Stock For Income-Oriented Investors
Canadian Utilities is a regulated utility company in Alberta with a focus on lower carbon energy sources and steady growth in core businesses. The company has a track record of consistent dividends and operational performance, with a strong balance sheet and solid investment grade profile. The company continues to pivot to a lower-carbon energy future across its businesses, and I expect this to translate into higher capital project backlog and incrementally bolster growth.
53 July Dividend Kings: Buy 8, Watch 8 More
"What is a Dividend King? A stock with 50 or more consecutive years of dividend increases."—suredividend.com. The 53 Dividend Kings, screened as of July 8, represented 8 of 11 Morningstar Sectors. Broker-targeted top-ten net-gains ranged 18.24%-30.31% topped-by Kenvue, and Genuine Parts. By yield, Altria tops-all. Top-ten July listings: SWK, FRT, KVUE, FTS, UBSI, BKH, NWN, CDUAF, UVV, MMM, & MO averaged 5.37% in yield.
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