Canadian Utilities Limited today announced first quarter 2024 adjusted earnings of $225 million ($0.83 per share), which were $8 million ($0.02 per share) higher compared to $217 million ($0.81 per share) in the first quarter of 2023.
Author: Consultant
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ALTAGAS REPORTS STRONG FIRST QUARTER 2024 RESULTS
Performance Due to Strong Midstream Execution, Record First Quarter Global Export Volumes, and Continued Advancement of Major Strategic Priorities
CALGARY, AB, May 2, 2024 /CNW/ – AltaGas Ltd. (TSX:ALA.TO) today reported first quarter 2024 financial results and provided an update on its operations and other corporate developments.
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NFI Group shrinks net loss in Q1 as revenues rise to US$722.7 million
NFI Group Inc. reported a net loss of US$9.4 million in its first quarter, compared with a net loss of US$46 million a year earlier.
The bus maker says its net loss per share was eight cents US, compared with a loss of 60 cents US during the same quarter last year.
Revenues totalled US$722.7 million, up almost 38 per cent from US$525.2 million a year earlier.
The majority of that revenue came from transit buses, which brought in US$449.5 million in revenue, up almost 66 per cent.
The company says its manufacturing revenue increased almost 46 per cent year-over-year, largely driven by higher new vehicle deliveries, higher average sales prices per unit and product mix.
NFI Group says its deliveries of zero-emission buses and coaches were up more than 21 per cent in the quarter.
This report by The Canadian Press was first published May 2, 2024.
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Telus reports Q4 profit and revenue up from year earlier
Telus Corp. reported fourth-quarter net income attributable to common shares of $288 million, up from $248 million a year earlier.
The company says the profit amounted to 20 cents per share for the quarter ended Dec. 31, up from 17 cents per share in the last three months of 2022.
Operating revenue and other income totalled $5.20 billion, up from $5.06 billion in the same quarter a year earlier.
On an adjusted basis, Telus says it earned 24 cents per share for its fourth quarter, the same as its fourth quarter of 2022.
In the fourth quarter, Telus says it saw 404,000 net customer additions, including 126,000 mobile phones and 203,000 connected devices as well as 36,000 internet, 23,000 TV and 23,000 security customer connections.
Telus says residential voice connections were down by 7,000 in the quarter.
This report by The Canadian Press was first published Feb. 9, 2024.
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Canadian Natural Resources reports $987M Q1 profit, down from $1.8B a year ago
Canadian Natural Resources Ltd. reported its first-quarter profit fell compared with a year ago as it realized lower prices for synthetic crude oil and natural gas.
The company says it earned $987 million or 91 cents per diluted share for the quarter ended March 31.
The result was down from a profit of $1.80 billion or $1.62 per diluted share a year earlier.
Product sales totalled $9.42 billion, down from $9.55 billion in the first quarter of 2023.
Production in the quarter averaged 1,333,502 barrels of oil equivalent per day, up from 1,319,391 a year ago.
On an adjusted basis, Canadian Natural says its earnings from operations amounted to $1.37 per diluted share in its latest quarter, down from $1.69 per diluted share in the same quarter last year.
This report by The Canadian Press was first published May 2, 2024.
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Thomson Reuters reports Q1 revenue up, raising revenue guidance for full year
Thomson Reuters Corp. reported lower profits but a rise in revenue in its first quarter as it also modestly raised its expectations for revenue growth for the year.
The company says it now expects total revenue growth for 2024 of between 6.5 and seven per cent, up from a February estimate of about 6.5 per cent.
The increase came as Thomson Reuters, which keeps its books in U.S. dollars, says its revenue totalled US$1.89 billion, up about eight per cent from US$1.74 billion in the same quarter last year.
Reuters says revenues at its news service rose 21 per cent to US$210 million, driven primarily by generative AI-related content licensing revenue.
The company says it earned a profit attributable to common shareholders of US$481 million or US$1.06 per diluted share, down from a profit of US$756 million or US$1.59 per diluted share a year earlier.
On an adjusted basis, Thomson Reuters says it earned US$1.11 per share in its latest quarter, up from an adjusted profit of 84 cents US per share in the same quarter last year.
This report by The Canadian Press was first published May 2, 2024.
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BCE reports Q1 profit and operating revenue down from year ago
BCE Inc. reported its first-quarter profit fell compared with a year ago as it faced higher severance, acquisition and other costs related mainly to job cuts.
The company also says it faced increased net mark-to-market losses on derivatives, higher interest costs and increased depreciation and amortization expenses.
BCE says it earned a profit attributable to common shareholders of $402 million or 44 cents per share for the quarter ended March 31.
The result compared with a profit of $725 million or 79 cents per share in the same quarter last year.
Operating revenue totalled $6.01 billion, down from $6.05 billion in the first quarter of 2023.
On an adjusted basis, BCE says it earned 72 cents per share in its latest quarter compared with an adjusted profit of 85 cents per share in the same quarter last year.
This report by The Canadian Press was first published May 2, 2024.
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Air Canada reports $81M Q1 loss, operating revenue up seven per cent from year ago
Air Canada reported a loss of $81 million in its first-quarter as its operating revenue rose seven per cent from a year ago.
The airline says the loss amounted to 22 cents per diluted share for the quarter ended March 31.
The result compared with a profit of $4 million in the same quarter last year when it also reported a loss of three cents per diluted share.
Operating revenue totalled $5.23 billion, up from $4.89 billion in its first quarter of 2023.
On an adjusted basis, Air Canada says it lost 27 cents per diluted share in its latest quarter compared with an adjusted loss of 53 cents per diluted share in the same quarter last year.
In its outlook, the airline says it plans to increase its capacity measured by available seat miles in the second quarter of this year by about seven per cent compared with a year ago.
This report by The Canadian Press was first published May 2, 2024.
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TOURMALINE DELIVERS RECORD PRODUCTION IN Q1 2024, ANNOUNCES AN INCREASE TO QUARTERLY BASE DIVIDEND AND DECLARES A SPECIAL DIVIDEND
Tourmaline Oil Corp. (TSX:TOU.TO) (“Tourmaline” or the “Company”) is pleased to release financial and operating results for the first quarter of 2024, announce an increase to its quarterly base dividend and declare a special dividend.