Earnings
January 16, 2022 - FSZ
New! Fiera Capital Corp. Q3-2021 Earnings, Price Target Update .....
January 14, 2022 - QBR.B
Quebecor Inc. Q3-2021 Earnings, Price Target Update .....
January 13, 2022 - SJR.B
Shaw Communications Inc. Q1-2022 Earnings. Price Target Update .....
January 12, 2022 - T
Telus Corp. Q3-2021 Earnings, Price Target Update .....
January 7, 2022 - RNW
TransAlta Renewables Inc. Q3-2021 Earnings, Price Target Update .....
January 7, 2022 - H
Hydro One Ltd - Q3-2021 Earnings, Price Target Update .....
January 7, 2022 - CU
Canadian Utilities Ltd -Q3-2021 Earnings, Price Target Update .....
January 7, 2022 - EMA
Emera Inc. - Q3-2021 Earnings, Price Target Update .....
Recommendation Changes
BEP.UN, SGR.UN, SOT.UN, CRR.UN, SRU.UN, more...

Canadian Utilities Ltd -Q3-2021 Earnings, Price Target Update

This is only a sample of the article, please login to view the entire article

Canadian Utilities Limited (CU) operations in the electricity and natural gas utilities segment, and energy infrastructure primarily in Western Canada, with a growing presence in Australia and Mexico. The Utilities segment comprises 95% of earnings and Energy Infrastructure -5%. Utilities consist of four regulated utilities (Electricity Transmission and Distribution, and Natural Gas Transmission and Distribution) in Alberta, Saskatchewan and northern regions of Canada, that have delivered reliable electricity and natural gas to customers for many decades, a regulated natural gas distribution business in Western Australia, and the newly formed International Electricity Operations business in Puerto Rico, which includes Canadian Utilities' 50% ownership in LUMA Energy. The Energy Infrastructure segment includes non-regulated businesses include: hydro, solar and natural gas electricity generation in western Canada, Australia, Mexico, and Chile, as well as non-regulated electricity transmission, natural gas storage and transmission, Natural Gas Liquids (NGL) storage, and industrial water services in Alberta.

Total assets were $20.5B as at Sept-30-2021 compared to 20B as of Dec-31-2020. During 2019 approximately $2.8B of power generation assets, mainly natural gas and coal fired facilities in Alberta were sold, the proceeds being used to fund annual capital spending in the $3.2B range for 2021-2023.

Canadian Utilities Ltd. is 52% owned by Atco Ltd.(ACO.A,B). Class A shareholders are entitled to exchange their shares for Class B shares if ATCO Ltd., the controlling share owner, ceases to own or control, more than 10M of Class B shares. As of Sept-30-2021 there were 196.5M Class A shares and 72.8M Class B shares. The Class A shares are non-voting shares.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
January 15, 2022
New! Coverage Universe - Weekly Price Change: Jan 7-14, 2022
January 7, 2022
Coverage Universe - Weekly Price Change: Dec 31-Jan 7, 2022
December 31, 2021
Coverage Universe - Weekly Price Change: Dec 24-31, 2021
December 24, 2021
Coverage Universe - Weekly Price Change: Dec 17-24, 2021
December 17, 2021
Coverage Universe - Weekly Price Change: Dec 10-17, 2021
December 15, 2021
ECN Capital Corp. 6.25% Exchange Traded Debenture New Issue
December 10, 2021
Coverage Universe - Weekly Price Change: Dec 3-10, 2021
December 8, 2021
Chemtrade Logistics Income Fund- 6.25% Convertible Debenture New Issue