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November 02, 2022
Edmonton, Alberta – EPCOR Utilities Inc. (EPCOR) today filed its quarterly results for the three months and year-to-date period ended September 30, 2022.
“EPCOR’s year-to-date operating and financial performance continued to be ahead of expectations across EPCOR’s utilities and geographies” said Stuart Lee, EPCOR President & CEO. “We saw strong customer growth in our Edmonton and U.S. utilities, and EPCOR teams and contractors completed more than $240 million in capital projects in the third quarter, helping to sustain infrastructure reliability, support growing communities, and improve environmental performance.”
“EPCOR’s footprint continues to grow across Canada and the United States, with commercial and contracted opportunities accelerating in our U.S. business,” continued Mr. Lee. “Based on the forecast performance of our existing businesses over the next five years, the EPCOR dividend has been increased by 4.5% from $177 million to $185 million in 2023. We continue to pursue a balanced approach to long-term value creation – investing in reliable utility services while protecting ratepayers, and delivering a strong, stable dividend while also re-investing in the business to deliver sustained income and dividend growth.”
Highlights of EPCOR’s financial performance are as follows:
Interim management’s discussion and analysis and the unaudited condensed consolidated interim financial statements are available on our website and SEDAR.
EPCOR, through its wholly owned subsidiaries, builds, owns and operates electrical, natural gas and water transmission and distribution networks, water and wastewater treatment facilities, sanitary and stormwater systems, and infrastructure in Canada and the United States. The Company also provides electricity, natural gas and water products and services to residential and commercial customers. EPCOR, headquartered in Edmonton, is committed to conducting its business and operations safely and responsibly. Environmental Stewardship, public health and community well-being are at the heart of EPCOR’s mission to provide clean water and safe, reliable energy. EPCOR is an Alberta Top 75 employer and is ranked among Corporate Knights’ 2022 Best 50 Corporate Citizens in Canada.
For more information, please contact:
Phone: (780) 721-9001
Phone: (780) 412-3711
Toll Free: 1-877-969-8280