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Canada's ATCO Q3 adjusted EPS beats estimates

By Reuters News


Overview

  • Canada diversified utility's Q3 adjusted EPS beat analyst expectations

  • Q3 adjusted earnings rose yr/yr

  • Company to merge Canadian Utilities with Emera and spin out industrial services


Outlook

  • ATCO expects merger transaction to close in Q3 or Q4 2027

  • Company says operations will continue as usual while merger transaction progresses

  • ATCO plans to spin out industrial services businesses into a new publicly traded company


Result Drivers

  • STRUCTURES CONTRACTS - ATCO Structures secured and delivered contracts across North America and Australia, supporting growth in modular units for mining, energy, technology and public infrastructure projects

  • UTILITY INVESTMENT - Canadian Utilities invested heavily in regulated utilities, with 95% of Q3 capital expenditures directed to ATCO Energy Systems and ATCO Australia

  • INFLATION INDEXING - ATCO Australia Q3 adjusted earnings increased due to inflation indexing on rate base


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Adjusted EPS

Beat

C$1

C$0.95 (4 Analysts)

Q3 Adjusted Net Income

C$112 mln


Reuters Recommended Reads

  • Nov 6 - Canada's Emera Q3 adjusted EPS misses expectations on higher costs, asset sale impacts

  • Nov 4 - Eversource Energy Q3 profit falls on higher costs

  • Nov 5 - Duke Energy Q3 adjusted EPS beats estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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