Algonquin Power & Utilities Corp.

Algonquin Power & Utilities Corp.

AQN
Algonquin Power & Utilities Corp.US flagNew York Stock Exchange
5.82
USD
-0.09
- -
4.48BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.1
3.79
2.93
3
3.98
3.57
3.25
3
3.65
4.08
3.49
3.17
3.17
3.3
Basic EPS, GAAP
0.07
0.27
0.3
0.33
0.37
0.38
1.04
1.38
0.41
-0.33
0.03
-1.9
0.22
0.21
Free Cash Flow per Basic Share
-0.27
-0.96
0.16
-0.32
-0.62
0.14
0.06
-0.5
-1.91
-0.69
-0.58
-0.53
-0.23
-0.15
Dividend per Share
0.27
0.27
0.25
0.35
0.35
0.38
0.41
0.47
0.51
0.57
0.48
0.4
0.28
0.28
Book Value per Share
3.97
4.54
3.66
3.88
6.53
6.42
7.3
8.9
9.23
7.65
7.19
6.1
5.78
5.83
Tangible Book Value per Share
5.56
5.99
5.46
5.28
5.68
6.16
6.95
8.01
9.98
8.19
7.79
6.31
4.52
4.51
Basic Weighted Avg Shares
204
214
253
272
382
462
500
560
622
678
689
732
768
768
Sales/Revenue/Turnover
634
811
741
815
1,522
1,648
1,626
1,677
2,274
2,765
2,404
2,320
2,434
2,534
Operating Margin (%)
15.31
14.65
17.7
21.39
24.81
22.65
22.75
21.32
17.08
18.5
20.07
19.38
21.49
20.57
Depreciation Expense
93
99
109
146
257
261
284
314
403
456
467
477
400
413
Net Income, GAAP
19
65
85
97
149
185
531
782
265
-212
29
-1,380
181
170
Effective Tax Rate (%)
15.1
23.2
33.56
28.67
41.93
40.29
12.63
8.15
- -
- -
- -
105.42
30.81
35.22
Profit Margin (%)
3.01
8.04
11.43
11.95
9.82
11.22
32.64
46.66
11.65
-7.67
1.19
-59.52
7.43
6.72
Working Capital
48
-47
23
-41
-66
-7
-359
-260
-426
-440
-619
-362
5
52
LT Debt
1,171
1,088
1,065
3,171
3,067
3,324
3,707
4,399
5,855
7,089
6,878
6,207
6,169
6,144
Total Equity
1,377
1,592
1,670
1,871
3,362
4,039
4,738
5,989
7,702
7,156
6,943
6,181
5,048
5,042
Return on Invested Capital (%)
3.47
3.47
3.2
3.2
3.82
3.23
4.03
3.43
- -
- -
- -
-0.18
2.96
2.91
Return on Capital (%)
2.99
4.91
5.61
5.4
5.12
5.55
9.2
10.5
- -
- -
- -
-9.26
3.87
2.54
Return on Common Equity (%)
1.69
6.4
8.13
9.06
7.97
6.48
15.79
17.94
4.77
-4.04
0.4
-29.56
3.83
3.55

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
272
364
542
LT Borrowings
6,163
6,169
6,144
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
184
184
184
Shares Outstanding
768
768
769
Market Capitalization
4,124
4,724
4,718

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,147
1,204
1,166
Cash, Cash Equivalents & STI
62
33
56
Accounts Receivable, Net
490
395
415
Inventories
227
226
202
Total Current Liabilities
934
1,199
1,114
Payables & Accruals
569
592
435
ST Debt
272
364
542
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.48%
-2.16%
-18.33%
Free Cash Flow
-116.62%
38.19%
-54.36%
Net Income, GAAP
-506.07%
-1,077.46%
-113.1%
Sales/Revenue/Turnover
15.23%
9.11%
4.92%
Total Cash Common Dividend
16.54%
-2.3%
-29.39%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
646
515
573
585
2,320
2025
692
528
583
631
2,434
2026
792
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.13
0.28
-1.71
- -
-1.9
2025
0.12
0.03
0.05
0.02
0.22
2026
0.11
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
0.11
0.11
- -
0.4
2025
0.07
0.07
0.07
0.07
0.28
2026
0.07
- -
- -
- -
- -

Company Description

APIChat
CEO
Roderick K. West
Full Time Employees
3,786
Sector
Utilities
Industry
Renewable Utilities
Address
354 Davis Road Oakville ON Canada L6J 2X1
IPO Date
Dec 29, 2009
Business
Algonquin Power & Utilities Corp. is a North American utility company founded in 1988 and headquartered in Oakville, Ontario, Canada, operating primarily through its regulated utility business, Liberty Utilities. The company provides a diversified portfolio of rate-regulated products and services including electricity generation, transmission, and distribution; natural gas distribution; water and wastewater collection and distribution systems. Algonquin serves over 1.2 million customer connections across the United States and Canada, delivering utility services primarily under regulated rate structures. Its product suite spans electric utilities in multiple states including Missouri and New Brunswick; natural gas utilities in Illinois and Missouri; and water and wastewater utilities in Arkansas, Missouri, and other regions. Algonquin also had renewable energy assets including wind, solar, and hydroelectric facilities but completed a strategic transformation in early 2025 by divesting its renewable energy business (except hydro) to LS Power for approximately $2.1 billion to focus exclusively on regulated utilities. This sale marks a significant shift toward becoming a pure-play regulated utility with increased emphasis on providing stable and predictable revenue streams. Recent major developments include the appointment of Roderick (Rod) West as CEO in March 2025 and subsequent leadership transitions including a new interim CFO to support the company’s transformation and operational goals. Algonquin has initiated a “Back to Basics” capital plan focused on customer-centric investments, operational efficiency, and regulatory alignment, targeting approximately $2.5 billion in utility capital expenditures from 2025 through 2027 predominantly for grid modernization and infrastructure improvements. The company has secured approved rate increases in multiple states, totaling over $22 million annually from conclusive orders in recent rate cases. Algonquin’s regulated utility footprint now emphasizes essential services in electricity, natural gas, water, and wastewater segments across North America supported by a strong investment-grade rating. The company continues to prioritize regulatory constructive outcomes and operational excellence while streamlining its business model around its regulated operations for sustainable growth and shareholder value maximization. Algonquin’s operations extend beyond the U.S. and Canada, including utility subsidiaries such as Bermuda Electric Light Company and Suralis in Chile, maintaining a broad presence across the utility sector. The company trades publicly on the Toronto Stock Exchange and New York Stock Exchange under the ticker AQN. This strategic repositioning is designed to leverage Algonquin’s regulated utility strengths and drive long-term value through disciplined capital allocation, regulatory progress, and enhanced customer service within its utility business segments.

Company News

APIChat
  • The Power Of Dividends: Boost Your Retirement With REITs And Utilities

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  • Algonquin Power & Utilities Corp. Announces Pricing of $650 Million of Senior Unsecured Notes due 2031 and $500 Million of Senior Unsecured Notes due 2036

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  • Algonquin Power & Utilities Q1 Earnings Call Highlights

  • Algonquin Power & Utilities Corp. (AQN:CA) Q1 2026 Earnings Call Transcript

  • Algonquin Power & Utilities (AQN) Q1 Earnings and Revenues Beat Estimates

  • Algonquin Power & Utilities Corp. Reports First Quarter 2026 Financial Results

  • Analysts Estimate Algonquin Power & Utilities (AQN) to Report a Decline in Earnings: What to Look Out for

  • The 1 Rule For Retiring On Dividends In 2026's Crazy Market

  • Algonquin Power & Utilities (TSE:AQN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

  • Algonquin Power & Utilities Corp. Announces Date for First Quarter 2026 Financial Results and Conference Call

  • Algonquin Power & Utilities Corp. $AQN Shares Sold by Cidel Asset Management Inc.

  • Brokerages Set Algonquin Power & Utilities Corp. (TSE:AQN) Target Price at C$6.38

  • Algonquin Power & Utilities Corp. $AQN Shares Acquired by Callodine Capital Management LP

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  • PG&E, Algonquin Power and Avista Are Drawing New Analyst Interest in the Utility Sector

  • Algonquin Power & Utilities Q4 Earnings Call Highlights

  • Algonquin Power & Utilities (TSE:AQN) Shares Down 10.4% – Here’s What Happened

  • Why Algonquin Power & Utilities Stock Flopped on Friday