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Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, and liquids businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, ATCO Australia, and Financing & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and in the Lloydminster area of Saskatchewan; and international electricity services, as well as offers integrated natural gas transmission and distribution services throughout Alberta and in the Lloydminster area of Saskatchewan. The ATCO EnPower segment provides electricity generation, natural gas storage, industrial water solutions, and related infrastructure development throughout Alberta, the Northwest Territories, Ontario, Mexico, and Chile. The ATCO Australia segment offers regulated natural gas distribution services in Western Australia and electricity generation services. It also provides home maintenance solutions. The company was incorporated in 1927 and is headquartered in Calgary, Canada. Canadian Utilities Limited is a subsidiary of ATCO Ltd.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Canadian Utilities Limited is a diversified utility and energy infrastructure company that owns and operates regulated electricity and gas networks, power generation and infrastructure services in Canada and internationally. Long-term growth may be supported by regulated rate-base expansion, ongoing infrastructure investment tied to the energy transition and stable contracted businesses, which could make the company attractive to investors seeking predictable cash flows and dividend potential.
Key investment risks include regulatory and rate-setting uncertainty, sensitivity to interest rates and capital-intensive spending needs, and execution or commodity exposure from large infrastructure projects.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 202.00M | 624.00M | 915.00M | 838.00M | 538.00M |
| Minority interest | -11.00M | -11.00M | -10.00M | -7.00M | -7.00M |
| Net income | 119.00M | 480.00M | 707.00M | 632.00M | 393.00M |
| Selling general administrative | 392.00M | 449.00M | 393.00M | 374.00M | 362.00M |
| Selling and marketing expenses | - | - | 192.00M | - | - |
| Gross profit | 914.00M | 1441.00M | 1453.00M | 2734.00M | 2371.00M |
| Reconciled depreciation | 1293.00M | 711.00M | 725.00M | 642.00M | 651.00M |
| Ebit | 572.00M | 1050.00M | 1303.00M | 1209.00M | 940.00M |
| Ebitda | 1865.00M | 1761.00M | 2028.00M | 1882.00M | 1588.00M |
| Depreciation and amortization | 1293.00M | 711.00M | 725.00M | 673.00M | 648.00M |
| Operating income | 572.00M | 1065.00M | 795.00M | 1209.00M | 940.00M |
| Other operating expenses | 3118.00M | 2677.00M | 3001.00M | 2916.00M | 2643.00M |
| Interest expense | 502.00M | 506.00M | 453.00M | 402.00M | 399.00M |
| Tax provision | 72.00M | 133.00M | 198.00M | 199.00M | 138.00M |
| Interest income | 53.00M | 418.00M | 54.00M | 358.00M | 380.00M |
| Net interest income | -458.00M | -432.00M | -406.00M | -370.00M | -392.00M |
| Income tax expense | 72.00M | 133.00M | 198.00M | 199.00M | 138.00M |
| Total revenue | 3690.00M | 3742.00M | 3796.00M | 4048.00M | 3515.00M |
| Total operating expenses | 342.00M | 376.00M | 658.00M | 1602.00M | 1499.00M |
| Cost of revenue | 2776.00M | 2301.00M | 2343.00M | 1314.00M | 1144.00M |
| Total other income expense net | -370.00M | -441.00M | 120.00M | -371.00M | -402.00M |
| Net income from continuing ops | 130.00M | 491.00M | 717.00M | 639.00M | 400.00M |
| Net income applicable to common shares | - | 403.00M | 630.00M | 557.00M | 328.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 24536.00M | 23787.00M | 23158.00M | 21974.00M | 21075.00M |
| Intangible assets | 1014.00M | 995.00M | 976.00M | 819.00M | 726.00M |
| Other current assets | 171.00M | 81.00M | 211.00M | 261.00M | 195.00M |
| Total liab | 17938.00M | 16666.00M | 16002.00M | 14908.00M | 14253.00M |
| Total stockholder equity | 6383.00M | 6909.00M | 6944.00M | 6879.00M | 6635.00M |
| Other current liab | 30.00M | 23.00M | 66.00M | 1204.00M | 871.00M |
| Common stock | 1316.00M | - | 1276.00M | 1237.00M | 1216.00M |
| Capital stock | 2838.00M | 2866.00M | 2847.00M | 2808.00M | 2787.00M |
| Retained earnings | 3545.00M | 3999.00M | 4084.00M | 3936.00M | 3862.00M |
| Other liab | - | - | - | 4111.00M | 3814.00M |
| Good will | 20.00M | 141.00M | 141.00M | - | - |
| Other assets | - | - | - | 267.00M | 347.00M |
| Cash | 690.00M | 171.00M | 207.00M | 698.00M | 746.00M |
| Total current liabilities | 1069.00M | 1182.00M | 1422.00M | 1317.00M | 1418.00M |
| Net debt | 11748.00M | 10886.00M | 10382.00M | 8893.00M | 8822.00M |
| Short term debt | 402.00M | - | 536.00M | 113.00M | 547.00M |
| Short long term debt | 393.00M | 325.00M | 528.00M | 106.00M | 540.00M |
| Short long term debt total | 12438.00M | - | 10589.00M | 9591.00M | 9568.00M |
| Other stockholder equity | 15.00M | - | 14.00M | 9.00M | 8.00M |
| Property plant equipment | - | - | - | 1754.00M | 18059.00M |
| Total current assets | 1665.00M | 1301.00M | 1437.00M | 1867.00M | 1731.00M |
| Long term investments | 240.00M | 235.00M | 232.00M | 237.00M | 204.00M |
| Net tangible assets | - | - | - | 4489.00M | 4338.00M |
| Short term investments | 231.00M | 161.00M | 200.00M | 2.00M | 2.00M |
| Net receivables | 529.00M | 691.00M | 755.00M | 884.00M | 769.00M |
| Long term debt | 11922.00M | 10732.00M | 10007.00M | 9434.00M | 8977.00M |
| Inventory | 44.00M | 59.00M | 64.00M | 24.00M | 21.00M |
| Accounts payable | 637.00M | 814.00M | 820.00M | 989.00M | 739.00M |
| Accumulated other comprehensive income | -15.00M | - | -1.00M | 126.00M | -22.00M |
| Non currrent assets other | 140.00M | 44.00M | 131.00M | 379.00M | 322.00M |
| Non current assets total | 22871.00M | 22486.00M | 21721.00M | 20107.00M | 19344.00M |
| Capital lease obligations | 66.00M | 56.00M | 54.00M | 51.00M | 51.00M |
| Long term debt total | - | - | - | 9478.00M | 9021.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -11.00M | -1409.00M | -2253.00M | -1256.00M | -27.00M |
| Change to liabilities | - | - | - | 264.00M | 153.00M |
| Total cashflows from investing activities | -1642.00M | -1409.00M | -2253.00M | -1256.00M | -1262.00M |
| Net borrowings | 1479.00M | - | - | 15.00M | 490.00M |
| Total cash from financing activities | 846.00M | -790.00M | 434.00M | -932.00M | -478.00M |
| Change to operating activities | - | - | - | - | -7.00M |
| Net income | 119.00M | 491.00M | 707.00M | 639.00M | 400.00M |
| Change in cash | 519.00M | -287.00M | -491.00M | -52.00M | -28.00M |
| Begin period cash flow | 171.00M | 207.00M | 698.00M | 750.00M | 778.00M |
| End period cash flow | 690.00M | -80.00M | 207.00M | 698.00M | 750.00M |
| Total cash from operating activities | 1542.00M | 1917.00M | 1327.00M | 2140.00M | 1718.00M |
| Issuance of capital stock | 219.00M | 0.00M | 18.00M | 16.00M | 201.00M |
| Depreciation | 1293.00M | 711.00M | 725.00M | 642.00M | 651.00M |
| Other cashflows from investing activities | -32.00M | 186.00M | -914.00M | 113.00M | 40.00M |
| Dividends paid | 575.00M | 550.00M | 535.00M | 535.00M | 541.00M |
| Change to inventory | -15.00M | -15.00M | -41.00M | -3.00M | 7.00M |
| Change to account receivables | 193.00M | - | 112.00M | -155.00M | -105.00M |
| Sale purchase of stock | -250.00M | 0.00M | -10.00M | -1.00M | -227.00M |
| Other cashflows from financing activities | -38.00M | -516.00M | -40.00M | -413.00M | -310.00M |
| Change to netincome | - | - | - | 760.00M | 626.00M |
| Capital expenditures | 1439.00M | 1595.00M | 1339.00M | 1369.00M | 1221.00M |
| Change in working capital | 22.00M | 68.00M | -101.00M | 106.00M | 48.00M |
| Stock based compensation | - | - | 2.00M | 3.00M | 4.00M |
| Other non cash items | 55.00M | 496.00M | -194.00M | 551.00M | 509.00M |
| Free cash flow | 103.00M | 322.00M | -12.00M | 771.00M | 497.00M |
Sector: Utilities Industry: Utilities - Diversified
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| CU Canadian Utilities Limited |
-0.34 0.65% |
51.86 | 319.47 | 19.08 | 3.53 | 2.70 | 7.09 | 13.07 |
| BIP-UN Brookfield Infrastructure Partners L.P |
0.19 0.36% |
52.64 | 97.90 | 28.41 | 1.14 | 2.21 | 4.53 | 11.58 |
| CU-PE Canadian Util Bb Cum Red Sec Prf |
0.02 0.09% |
22.95 | 12.98 | - | 2.32 | - | - | - |
| CU-PH Canadian Utilities Ltd Pref H |
-0.40 1.66% |
23.75 | 13.91 | - | 2.31 | - | - | - |
| CU-PF Canadian Utilities Ltd Pref F |
0.15 0.72% |
21.10 | 11.77 | - | 2.29 | - | - | - |
Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, and liquids businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, ATCO Australia, and Financing & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and in the Lloydminster area of Saskatchewan; and international electricity services, as well as offers integrated natural gas transmission and distribution services throughout Alberta and in the Lloydminster area of Saskatchewan. The ATCO EnPower segment provides electricity generation, natural gas storage, industrial water solutions, and related infrastructure development throughout Alberta, the Northwest Territories, Ontario, Mexico, and Chile. The ATCO Australia segment offers regulated natural gas distribution services in Western Australia and electricity generation services. It also provides home maintenance solutions. The company was incorporated in 1927 and is headquartered in Calgary, Canada. Canadian Utilities Limited is a subsidiary of ATCO Ltd.
| Name | Title | Year Born |
|---|---|---|
| Ms. Nancy C. Southern | Exec. Chair & CEO | 1957 |
| Mr. Brian P. Shkrobot | Exec. VP & CFO | 1973 |
| Mr. Robert J. Myles | Exec. VP of Corp. Devel. | 1965 |
| Ms. Rebecca A. Penrice | Exec. VP of Corp. Services | 1975 |
| Mr. Marshall F. Wilmot | Pres of Retail & Chief Digital Officer | 1962 |
| Ms. Sarah J. Shortreed | Exec. VP & CTO | NA |
| Mr. Alan M. Skiffington | VP & Chief Information Officer | NA |
| Mr. Myles Dougan | Director of Investor Relations & External Reporting | NA |
| Mr. Kurt Kadatz | Sr. Communications Mang. | NA |
| Mr. Deanna M. Girard | VP of HR | NA |
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