Algonquin Power & Utilities Corp.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Christopher G. H. Huskilson
- Full Time Employees
- 3,946
- Sector
- Utilities
- Industry
- Renewable Utilities
- Address
- 354 Davis Road Oakville ON Canada L6J 2X1
- IPO Date
- Jun 18, 2021
- CIK
- 0001174169
- Website
- algonquinpower.com
- Similar Companies
- Business
- Algonquin Power & Utilities Corp. (AQN) owns and operates a portfolio of regulated utility assets focused on delivering safe, reliable, and cost-effective natural gas, water, wastewater, electricity generation, transmission, and distribution services to over 1.2 million customer connections, primarily across North America, Bermuda, and Chile. Through its primary operating subsidiary Liberty Utilities, the company provides rate-regulated electric distribution; natural gas distribution; water and wastewater treatment and distribution; and related utility management services in 13 U.S. states including Arizona, Arkansas, California, Georgia, Illinois, Iowa, Kansas, Massachusetts, Missouri, New Hampshire, New York, Oklahoma, and Texas, one Canadian province, Bermuda via Bermuda Electric Light Company, and Chile through Suralis (formerly ESSAL); these operations encompass approximately $9.3 billion in regulated utility assets and a $7.9 billion rate base as of December 31, 2024. Founded in 1988 and headquartered in Oakville, Ontario, Canada, Algonquin serves diverse customer bases including residential, commercial, and municipal clients with a "Think Global, Act Local" model emphasizing sustainability and operational excellence. In recent strategic shifts, Algonquin completed the sale of its renewable energy business, including over 4 GW of hydroelectric, wind, solar, and thermal generation capacity primarily in the U.S. and Canada, to LS Power in January 2025 for approximately $2.5 billion, forming Clearlight Energy and REV Renewables and enabling a transition to a pure-play regulated utility with strengthened balance sheet and reduced debt. The company previously entered a support agreement in May 2024 for Energy Capital Partners' proposed acquisition of Atlantica Sustainable Infrastructure plc, in which Algonquin held a 42.2% stake valued at around $1.1 billion, anticipated to close in late 2024 or early 2025 to further streamline operations and enhance earnings quality. These transactions follow earlier expansions such as the 2017 acquisition of Empire District Electric's gas, water, and electric assets and the 2022 purchase of New York American Water, alongside ongoing organic growth in rate-regulated infrastructure.
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