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Research Alert: Atco Q1: Structures Secures Cad300m+ In Contracts As Q1 Earnings Advance 3%

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

ATCO reported Q1 adjusted earnings of CAD165M (CAD1.47/share), up CAD5M from the prior year, with reconciliation items including CAD7M in unrealized commodity gains and CAD19M from rate-regulated timing adjustments. ATCO Structures secured contract wins exceeding CAD300M, spanning mining projects in Western Canada and Australia, workforce housing, and data centers. The company deployed CAD353M in capex with 94% to regulated utilities, completing CETO transmission construction for June 2026 energization. The CAD2.9B Yellowhead Pipeline Project advances through regulatory approval with AUC hearing scheduled for May 2026. The Board maintained the quarterly dividend at 51.96 cents per share (CAD2.08 annualized). We believe ATCO's diversified project portfolio and strategic investments position the company well for growth, supported by a robust funding strategy featuring CAD0.8B in planned capital securities issuances over 2026-2030.

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