Latest news with #CanadianUtilities
Cision Canada
4 days ago
- Business
- Cision Canada
CANADIAN UTILITIES TO RELEASE SECOND QUARTER 2025 RESULTS ON JULY 31, 2025
CALGARY, AB, July 10, 2025 /CNW/ - Canadian Utilities Limited (TSX: CU) Canadian Utilities Limited (Canadian Utilities) will release its financial results for the quarter ended June 30, 2025, on Thursday, July 31, 2025. The news release will be distributed via Cision ( and the results, including Financial Statements and Management's Discussion & Analysis, will be posted on View PDF Canadian Utilities will hold a live teleconference and webcast with Bob Myles, Chief Executive Officer, and Katie Patrick, Executive Vice President, Chief Financial & Investment Officer, at 9:00 am Mountain Time (11:00 am Eastern Time) on Thursday, July 31, 2025 at 1-833-821-3314. No pass code is required. Opening remarks will be followed by a question and answer period with investment analysts. Participants are asked to please dial-in 10 minutes prior to the start and request to join the Canadian Utilities teleconference. Management invites interested parties to listen via live webcast at: A replay of the teleconference will be available approximately two hours after the conclusion of the call until August 31, 2025. Please call 1-855-669-9658 and enter pass code 8121993. Canadian Utilities Limited and its subsidiary and affiliate companies have approximately 9,100 employees and assets of $24 billion. Canadian Utilities, an ATCO company, is a diversified global energy infrastructure corporation delivering essential services and innovative business solutions. ATCO Energy Systems delivers energy for an evolving world through its electricity and natural gas transmission and distribution, and international electricity operations segments. ATCO EnPower creates sustainable energy solutions in the areas of electricity generation, energy storage, industrial water and cleaner fuels. ATCO Australia develops, builds, owns and operates energy and infrastructure assets. More information can be found at Media Inquiries: Kurt Kadatz Director, Corporate Communications [email protected] (587) 228 4571 Subscription Inquiries: To receive Canadian Utilities Limited news releases, please click here.
Yahoo
17-06-2025
- Business
- Yahoo
CANADIAN UTILITIES LIMITED ANNOUNCES DEBENTURE ISSUE
CALGARY, AB, June 17, 2025 /CNW/ - Canadian Utilities Limited (TSX: CU) Canadian Utilities Limited announced today that it will issue $300,000,000 of 4.412% Debentures maturing on June 24, 2035, at a price of $100.00 to yield 4.412%. This issue was sold by RBC Capital Markets, BMO Capital Markets, Scotiabank, TD Securities, CIBC Capital Markets, ATB Capital Markets and MUFG. Proceeds from the issue will be used to repay existing indebtedness and for other general corporate purposes. Canadian Utilities Limited and its subsidiary and affiliate companies have approximately 9,100 employees and assets of $24 billion. Canadian Utilities, an ATCO company, is a diversified global energy infrastructure corporation delivering essential services and innovative business solutions. ATCO Energy Systems delivers energy for an evolving world through its electricity and natural gas transmission and distribution, and international electricity operations segments. ATCO EnPower creates sustainable energy solutions in the areas of electricity generation, energy storage, industrial water and cleaner fuels. ATCO Australia develops, builds, owns and operates energy and infrastructure assets. More information can be found at Investor & Analyst Inquiries:Colin JacksonSenior Vice President, Financial 808 2636 Media Inquiries:Kurt KadatzDirector, Corporate Communicationsmedia@ 228 4571 Certain statements contained in this news release constitute forward-looking information, including the reference to the issuance of $300,000,000 of 4.412% Debentures and the expected use of proceeds. While it is believed that the expectations reflected in the forward-looking information are reasonable based on the information available on the date such statements are being made, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct. Forward-looking information should not be unduly relied upon. By its nature, such information involves a variety of assumptions, known and unknown risks and uncertainties, and other factors, which may cause actual results to differ materially from those anticipated in such forward-looking information. Actual results could differ materially from those anticipated in the forward-looking information as a result of, among other things: applicable laws, regulations and government policies; regulatory decisions; prevailing market and economic conditions; the availability and cost of labour, materials, services, and infrastructure; the development and execution of projects; commodity price fluctuations; non-compliance, or breach of contract by contract counterparties; and other risk factors, many of which are beyond Canadian Utilities' control. Readers are cautioned that the foregoing list is not exhaustive. For additional information about the principal risks that Canadian Utilities faces, see "Business Risks and Risk Management" in Canadian Utilities' Management's Discussion and Analysis for the year ended December 31, 2024. Forward-looking information contained in this news release represents expectations as of the date hereof, which may change after such date. There is no intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. SOURCE Canadian Utilities Limited View original content to download multimedia:
Cision Canada
17-06-2025
- Business
- Cision Canada
CANADIAN UTILITIES LIMITED ANNOUNCES DEBENTURE ISSUE
CALGARY, AB, /CNW/ - Canadian Utilities Limited (TSX: CU) Canadian Utilities Limited announced today that it will issue $300,000,000 of 4.412% Debentures maturing on June 24, 2035, at a price of $100.00 to yield 4.412%. This issue was sold by RBC Capital Markets, BMO Capital Markets, Scotiabank, TD Securities, CIBC Capital Markets, ATB Capital Markets and MUFG. Proceeds from the issue will be used to repay existing indebtedness and for other general corporate purposes. Canadian Utilities Limited and its subsidiary and affiliate companies have approximately 9,100 employees and assets of $24 billion. Canadian Utilities, an ATCO company, is a diversified global energy infrastructure corporation delivering essential services and innovative business solutions. ATCO Energy Systems delivers energy for an evolving world through its electricity and natural gas transmission and distribution, and international electricity operations segments. ATCO EnPower creates sustainable energy solutions in the areas of electricity generation, energy storage, industrial water and cleaner fuels. ATCO Australia develops, builds, owns and operates energy and infrastructure assets. More information can be found at Investor & Analyst Inquiries: Colin Jackson Senior Vice President, Financial Operations [email protected] (403) 808 2636 Media Inquiries: Kurt Kadatz Director, Corporate Communications [email protected] (587) 228 4571 Certain statements contained in this news release constitute forward-looking information, including the reference to the issuance of $300,000,000 of 4.412% Debentures and the expected use of proceeds. While it is believed that the expectations reflected in the forward-looking information are reasonable based on the information available on the date such statements are being made, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct. Forward-looking information should not be unduly relied upon. By its nature, such information involves a variety of assumptions, known and unknown risks and uncertainties, and other factors, which may cause actual results to differ materially from those anticipated in such forward-looking information. Actual results could differ materially from those anticipated in the forward-looking information as a result of, among other things: applicable laws, regulations and government policies; regulatory decisions; prevailing market and economic conditions; the availability and cost of labour, materials, services, and infrastructure; the development and execution of projects; commodity price fluctuations; non-compliance, or breach of contract by contract counterparties; and other risk factors, many of which are beyond Canadian Utilities' control. Readers are cautioned that the foregoing list is not exhaustive. For additional information about the principal risks that Canadian Utilities faces, see "Business Risks and Risk Management" in Canadian Utilities' Management's Discussion and Analysis for the year ended December 31, 2024. Forward-looking information contained in this news release represents expectations as of the date hereof, which may change after such date. There is no intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
Yahoo
17-06-2025
- Business
- Yahoo
CANADIAN UTILITIES LIMITED ANNOUNCES DEBENTURE ISSUE
CALGARY, AB, June 17, 2025 /CNW/ - Canadian Utilities Limited (TSX: CU) Canadian Utilities Limited announced today that it will issue $300,000,000 of 4.412% Debentures maturing on June 24, 2035, at a price of $100.00 to yield 4.412%. This issue was sold by RBC Capital Markets, BMO Capital Markets, Scotiabank, TD Securities, CIBC Capital Markets, ATB Capital Markets and MUFG. Proceeds from the issue will be used to repay existing indebtedness and for other general corporate purposes. Canadian Utilities Limited and its subsidiary and affiliate companies have approximately 9,100 employees and assets of $24 billion. Canadian Utilities, an ATCO company, is a diversified global energy infrastructure corporation delivering essential services and innovative business solutions. ATCO Energy Systems delivers energy for an evolving world through its electricity and natural gas transmission and distribution, and international electricity operations segments. ATCO EnPower creates sustainable energy solutions in the areas of electricity generation, energy storage, industrial water and cleaner fuels. ATCO Australia develops, builds, owns and operates energy and infrastructure assets. More information can be found at Investor & Analyst Inquiries:Colin JacksonSenior Vice President, Financial 808 2636 Media Inquiries:Kurt KadatzDirector, Corporate Communicationsmedia@ 228 4571 Certain statements contained in this news release constitute forward-looking information, including the reference to the issuance of $300,000,000 of 4.412% Debentures and the expected use of proceeds. While it is believed that the expectations reflected in the forward-looking information are reasonable based on the information available on the date such statements are being made, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct. Forward-looking information should not be unduly relied upon. By its nature, such information involves a variety of assumptions, known and unknown risks and uncertainties, and other factors, which may cause actual results to differ materially from those anticipated in such forward-looking information. Actual results could differ materially from those anticipated in the forward-looking information as a result of, among other things: applicable laws, regulations and government policies; regulatory decisions; prevailing market and economic conditions; the availability and cost of labour, materials, services, and infrastructure; the development and execution of projects; commodity price fluctuations; non-compliance, or breach of contract by contract counterparties; and other risk factors, many of which are beyond Canadian Utilities' control. Readers are cautioned that the foregoing list is not exhaustive. For additional information about the principal risks that Canadian Utilities faces, see "Business Risks and Risk Management" in Canadian Utilities' Management's Discussion and Analysis for the year ended December 31, 2024. Forward-looking information contained in this news release represents expectations as of the date hereof, which may change after such date. There is no intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. SOURCE Canadian Utilities Limited View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
Pension-Like Income: 2 Dividend Stocks Built to Last
Written by Christopher Liew, CFA at The Motley Fool Canada Canadians who meet the required number of contributions are eligible to receive the Canada Pension Plan (CPP) pension. Individuals 65 years or older who meet specific residency requirements are eligible to receive the Old Age Security (OAS) benefit. While the CPP and OAS are lifetime benefits, are they enough to live comfortably in the later years of life? Retirement planners and financial experts recommend supplementing these pensions with additional income sources. But how? If you scout for investments on the TSX, a pair of dividend stocks are built to last and can provide pension-like income. Canadian Utilities (TSX:CU) has raised its dividend for 52 consecutive years, while Imperial Oil (TSX:IMO) has been a dividend payer for more than 100 years. Canadian Utilities is Canada's first dividend king. The $10.3 billion Alberta-based diversified global energy infrastructure corporation boasts a stable business model. Its economic moat stems from its regulated utilities. At $37.67 per share (+10.9% year-to-date), prospective investors can partake in the 4.9% dividend yield and expect higher payouts in succeeding years. In Q1 2025, adjusted net earnings increased 3.1% to $232 million versus Q1 2024. The ATCO Company invested 91% of its $401 million capital budget in regulated utilities. Notably, cash from operations rose 27% year-over-year to $637 million. Bob Miles, President and Chief Operating Officer of Canadian Utilities, said, 'We see positive momentum in Alberta with significant opportunities for growth.' Its Chief Financial Officer, Katie Patrick, added, 'We remain focused on strong cash generation to finance our enhanced capital program.' Because of increased industrial investment across the company's service areas and a supportive regulatory environment, Miles believes that Canadian Utilities is in a favourable position. Management expects to invest $5.8 billion in regulated utilities in Canada over the next three years. The $1.5 billion investment in the natural gas transmission business, tied to the Yellowhead pipeline project within ATCO Energy Systems, is a potential driver of earnings growth. Regarding dividend growth and sustainability, Canadian Utilities is a time-tested utility stock. The company has raised dividends yearly for 52 years, notwithstanding uncertain environments and several recessions. Utilities are generally slow-growth businesses, although the annual earnings growth forecast over the next five years is 4%. The business should withstand a recession in 2025. People invest in Imperial Oil not for yield but more for financial stability and reliable dividend income. At $105.81 per share, current investors are ahead by 21.2%-plus year-to-date, in addition to the modest but safe 2.8% dividend (27.4% payout ratio). The $52.4 billion integrated energy company is Canada's largest refiner of petroleum products. American oil giant Exxon Mobil has a 69.6% ownership stake in Imperial Oil. Also, the construction of the country's largest renewable diesel facility at the Strathcona refinery is on track to commence operations this year. In Q1 2025, net income increased 7.8% year-over-year to $1.3 billion, while cash flows from operating activities climbed 41.9% to $1.5 billion. Its Chairman and CEO, Brad Corson, before his retirement in May 2025, said, 'Our integrated business model, low break-even and focus on low-cost volume growth continue to support Imperial's strategy of paying a reliable and growing dividend.' Canadian Utilities and Imperial Oil can fill the shortfall of the CPP and OAS benefits. Both buy-and-hold stocks can deliver pension-like income. The post Pension-Like Income: 2 Dividend Stocks Built to Last appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025
