Algonquin Power & Utilities Corp.
AQN-PA.TO
Toronto Stock Exchange25.88
CAD
+0.03
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Algonquin Power & Utilities Corp.
AQN-PA.TO
(Toronto Stock Exchange)
Recent
price
25.88
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Algonquin Power & Utilities Corp. (TSX: AQN; NYSE: AQN) is a diversified North American utility company that owns and operates rate-regulated electric, natural gas, water distribution, wastewater collection, and transmission systems; it also maintains a portfolio of hydroelectric generation assets serving approximately 1,265,000 customer connections across the United States, Canada, Bermuda, and Chile. The company's Regulated Services Group includes electric distribution and transmission in states such as Arkansas, California, Kansas, Missouri, Nevada, New Hampshire, and Oklahoma, as well as Bermuda with 310,000 electric connections; water and wastewater systems in Arizona, Arkansas, California, Illinois, Missouri, New York, Texas, and Chile with 577,000 connections; and natural gas distribution in Georgia, Illinois, Iowa, Massachusetts, Missouri, New Hampshire, New York, and New Brunswick, Canada, with 378,000 gas connections. Its Hydro Group operates 14 hydroelectric facilities in Alberta, Ontario, New Brunswick, and Quebec, Canada, with a combined gross generating capacity of 115 megawatts and net capacity of 111 megawatts, producing and selling hydro electrical energy, capacity, and renewable attributes. Founded in 1988 and headquartered at 354 Davis Road, Oakville, Ontario, Canada, the company focuses on regulated utilities following its strategic divestiture of non-core renewable energy assets. In March 2025, LS Power completed the acquisition of Algonquin's large-scale renewable energy business, including operating facilities and a 6,200-megawatt development pipeline, forming Clearlight Energy and REV Renewables to expand LS Power's portfolio to over 23,000 megawatts; this transaction supports Algonquin's transformation into a pure-play regulated utility. Additionally, in May 2024, Algonquin entered a support agreement for Energy Capital Partners' acquisition of Atlantica Sustainable Infrastructure plc, in which it held a 42.2% stake valued at approximately $1,077 million, with proceeds earmarked for debt reduction and balance sheet recapitalization, anticipated to close in late 2024 or early 2025.