Strong Start to Fiscal Year 2025
Canadian Utilities achieved adjusted earnings of $232 million, up from $225 million in the same period in 2024, translating to adjusted earnings per share of $0.85 for the quarter.
Increased Investment in Alberta Utilities
The company expects to invest $5.8 billion over the next three years, with $1.5 billion planned for this year alone, primarily in natural gas transmission through the Yellowhead pipeline project.
Positive Regulatory Decision in Australia
A regulated Australian gas utility began operating under the Sixth Access Arrangement with an ROE of 8.23%, up from 5.02%, providing certainty across tariffs and investments through 2029.
Strong Cash Generation
Cash from operations was $637 million in the quarter, up 27% from the prior year, supporting operations, capital programs, and financial commitments.
Growth in ATCO EnPower
ATCO EnPower delivered adjusted EBITDA of $37 million, up $6 million, and adjusted earnings of $11 million, up $3 million compared to Q1 2024.