Latest news with #CanadianUtilities
Yahoo
4 days ago
- 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
4 days ago
- 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
4 days ago
- 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
Yahoo
29-05-2025
- Business
- Yahoo
Should You Be Worried About Canadian Utilities Limited's (TSE:CU) 6.7% Return On Equity?
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). To keep the lesson grounded in practicality, we'll use ROE to better understand Canadian Utilities Limited (TSE:CU). Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Canadian Utilities is: 6.7% = CA$485m ÷ CA$7.2b (Based on the trailing twelve months to March 2025). The 'return' is the profit over the last twelve months. Another way to think of that is that for every CA$1 worth of equity, the company was able to earn CA$0.07 in profit. Check out our latest analysis for Canadian Utilities By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. If you look at the image below, you can see Canadian Utilities has a lower ROE than the average (8.5%) in the Integrated Utilities industry classification. Unfortunately, that's sub-optimal. Although, we think that a lower ROE could still mean that a company has the opportunity to better its returns with the use of leverage, provided its existing debt levels are low. When a company has low ROE but high debt levels, we would be cautious as the risk involved is too high. You can see the 3 risks we have identified for Canadian Utilities by visiting our risks dashboard for free on our platform here. Companies usually need to invest money to grow their profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. In the first two cases, the ROE will capture this use of capital to grow. In the latter case, the use of debt will improve the returns, but will not change the equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking. Canadian Utilities clearly uses a high amount of debt to boost returns, as it has a debt to equity ratio of 1.56. With a fairly low ROE, and significant use of debt, it's hard to get excited about this business at the moment. Investors should think carefully about how a company might perform if it was unable to borrow so easily, because credit markets do change over time. Return on equity is useful for comparing the quality of different businesses. Companies that can achieve high returns on equity without too much debt are generally of good quality. If two companies have the same ROE, then I would generally prefer the one with less debt. Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. It is important to consider other factors, such as future profit growth -- and how much investment is required going forward. So I think it may be worth checking this free report on analyst forecasts for the company. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
