Algonquin Power & Utilities

Algonquin Power & Utilities Corp. operates as a diversified utility company. The firm engages in the ownership and operation of a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. It operates through the following segments: Regulated Services Group, and Renewable Energy Group. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution and wastewater collection utility systems and transmission operations in the United States and Canada. The Renewable Energy Group segment owns and operates a diversified portfolio of renewable and thermal electric generation assets in North America and internationally. The company was founded on August 1, 1988 and is headquartered in Oakville, Canada.

Earnings data Q2 2023

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Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the following business segments: Regulated Services Group, Renewable Energy Group, and Corporate. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission. The Renewable Energy Group segment focuses on operating a diversified portfolio of renewable and thermal electric generation assets. The Corporate segment relates to other energy generation and water distribution related activities. The company was founded on August 1, 1988 and is headquartered in Oakville, Canada.

Atlantica Sustainable Infrastructure

AQN stock has lost more than half of its value since the highs of February 2021 while the dividend has suffered a similar fate. AY has also seen its stock sell off quite a bit from previous highs. That said, we believe that the sell-offs have been overdone and the stocks now offer compelling value.

Algonquin And Atlantica: Strategic Reviews Could Be A Major Catalyst

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Each month and each quarter doesn't necessarily bring a comparable level of excitement. The best thing to do with your portfolio is often not to do anything. That's what I did last month, and this is what I will do for most of 2023.

Sometimes, Investing Isn't Exciting - April Dividend Income Report

Algonquin Power and Utilities Units

While a sale of the Renewable Energy Group could simplify Algonquin's story with investors, risks are associated with doing so.

Big Question for Algonquin Power & Utilities: Sell or Not to Sell Renewables Biz?

Algonquin Power & Utilities Corp. (NYSE:AQN ) Q1 2023 Earnings Conference Call May 11, 2023 8:30 AM ET Company Participants Brian Chin - VP, IR Arun Banskota - President & CEO Darren Myers - CFO Johnny Johnston - Chief Operating Officer Jeff Norman - Chief Development Officer Conference Call Participants Nelson Ng - RBC Capital Markets Rupert Merer - National Bank Financial Mark Jarvi - CIBC Capital Markets Sean Steuart - TD Securities Andrew Kuske - Credit Suisse Ben Pham - BMO Dariusz Lozny - Bank of America Naji Baydoun - IA Capital Markets Robert Hope - Scotiabank Operator Good morning, ladies and gentlemen, and welcome to the Algonquin Power & Utilities Corp. First Quarter 2023 Earnings Webcast and Conference Call. Following the presentation, there will be a question-and-answer session.

Algonquin Power & Utilities Corp. (AQN) Q1 2023 Earnings Call Transcript

Algonquin Power & Utilities (AQN) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.21 per share a year ago.

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

OAKVILLE, ON , May 11, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN") (TSX: AQN) (TSX: AQN.PR.A) (TSX: AQN.PR.D) (NYSE: AQN) announced today that its board of directors has approved and declared the following common and preferred share dividends: US$0.1085 per common share, payable on July 14, 2023, to the shareholders of record on June 30, 2023, for the period from April 1, 2023 to June 30, 2023.  Registered shareholders can elect to receive the dividend in Canadian dollars in the amount of C$0.1453.

Algonquin Power & Utilities Corp. Declares Second Quarter 2023 Common Share Dividend of U.S.$0.1085 (C$0.1453), and Declares Second Quarter 2023 Preferred Share Dividends

OAKVILLE, ON , May 11, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") today announced financial results for the first quarter ended March 31, 2023. All amounts are shown in United States dollars ("U.S. $" or "$"), unless otherwise noted.

Algonquin Power & Utilities Corp. Announces 2023 First Quarter Financial Results

OAKVILLE, ON , May 11, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX: AQN) (NYSE: AQN) today announced that the Company's Board of Directors has initiated a strategic review of the Company's Renewable Energy Group1 with the aim of enhancing shareholder value. The review will include assessing a range of alternatives for the Renewable Energy Group.

Algonquin Power & Utilities Corp. to Conduct Strategic Review of its Renewable Energy Group with Aim of Enhancing Shareholder Value

Algonquin Power & Utilities' (AQN) first-quarter earnings are likely to have benefited from its efforts to optimize its portfolio and the gradual implementation of its strategic plan.

What Awaits Algonquin Power & Utilities (AQN) in Q1 Earnings?

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Just before noon Tuesday, the Dow Jones industrials were down 0.12%, the S&P 500 down 0.37% and the Nasdaq 0.54% lower.

Earnings Previews: Algonquin Power, JD.com

Algonquin Power & Utilities (AQN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Algonquin Power & Utilities (AQN) Q1 Earnings Expected to Decline

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CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora”), which is a meaningful shareholder of Algonquin Power & Utilities Corp. (TSX: AQN, NYSE: AQN) (“Algonquin” or the “Company”), today issued the following statement regarding the Company's decision to terminate its stock purchase agreement with Kentucky Power Company and AEP Kentucky Transmission Company, Inc. (the "Transaction"). Fredrick D.

Ancora Urges Algonquin's Board of Directors to Accelerate Previously Announced Divestitures Following Termination of the Kentucky Power Transaction

Algonquin Power & Utilities Corp (TSX:AQN) announced that it has mutually agreed with American Electric Power to terminate Algonquin's pending $2.65 billion all-stock takeover of Kentucky Power Company and AEP Kentucky Transmission Company, Inc. The diversified international generation, transmission, and distribution utility company cited “the evolving macro environment” as its primary concern, adding that it is not required to pay a termination fee. “Looking forward, AQN remains supported by a high-quality asset base, a strong balance sheet, and is well-positioned to deliver sustainable, long-term growth, capitalize on the energy transition and create value for shareholders,” Algonquin Power & Utilities CEO Arun Banskota said in a statement.

Algonquin Power & Utilities kills deal to buy Kentucky Power

American Electric Power Company

Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") announced today that Liberty Utilities Co. ("Liberty"), an indirect subsidiary of AQN, has mutually agreed with American Electric Power (NASDAQ: AEP) ("AEP") to terminate the stock purchase agreement regarding Kentucky Power Company and AEP Kentucky Transmission Company, Inc. (the "Transaction").

Algonquin Power & Utilities Corp. and American Electric Power Mutually Agree to Terminate Kentucky Power Transaction

OAKVILLE, ON , April 12, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN") today announced plans to release its first quarter 2023 financial results on Thursday, May 11, 2023, before market open. AQN will hold an earnings conference call at 8:30 a.m.

Algonquin Power & Utilities Corp. Announces Date for First Quarter 2023 Financial Results and Conference Call

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Intel, Algonquin, and Healthcare Services all slashed or suspended their dividends. Underwhelming financial results have been common features of all these businesses.

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Algonquin Power has recovered remarkably since its December lows, outperforming the S&P 500 significantly. In our previous article, we called attention to AQN's price action, which plunged to highly pessimistic levels, with a potential bear trap waiting to be sprung.

Algonquin: Hold Your Horses Now

Algonquin just cut its dividend to common shareholders by 40% for a rightsized 5.4% forward yield. This was on the back of interest expenses up 62% year-over-year during its fiscal 2022 fourth quarter and against a total debt position of $7.55 billion.

Algonquin: Switch The Commons For The 14% Yield Equity Units

Algonquin Power & Utilities Corp. (NYSE:AQN ) Q4 2022 Results Conference Call March 17, 2023 8:30 AM ET Company Participants Brian Chin - Vice President of Investor Relations Arun Banskota - President & Chief Executive Officer Darren Myers - Chief Financial Officer Jeff Norman - Chief Development Officer Johnny Johnston - Chief Operating Officer Conference Call Participants Sean Steuart - TD Securities Dariusz Lozny - Bank of America David Quezada - Raymond James Nelson Ng - RBC Capital Markets Robert Hope - Scotiabank Naji Baydoun - IA Capital Markets Richard Sunderland - JPMorgan Operator Good morning, ladies and gentlemen, and welcome to the Algonquin Power & Utilities Corp. Fourth Quarter and Full Year 2022 Earnings Webcast and Conference Call. Following the presentation, there will be a question-and-answer session.

Algonquin Power & Utilities Corp. (AQN) Q4 2022 Earnings Call Transcript

OAKVILLE, ON , March 17, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN") (TSX: AQN) (TSX: AQN.PR.A) (TSX: AQN.PR.D) (NYSE: AQN) announced today that its board of directors has approved and declared the following common and preferred share dividends: US$0.1085 per common share, payable on April 14, 2023, to the shareholders of record on March 31, 2023, for the period from January 1, 2023 to March 31, 2023.  Registered shareholders can elect to receive the dividend in Canadian dollars in the amount of C$0.1495.

Algonquin Power & Utilities Corp. Declares First Quarter 2023 Common Share Dividend of U.S.$0.1085 (C$0.1495), and Declares First Quarter 2023 Preferred Share Dividends

OAKVILLE, ON , March 17, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") today announced financial results for the fourth quarter and year ended December 31, 2022. All amounts are shown in United States dollars ("U.S. $" or "$"), unless otherwise noted.

Algonquin Power & Utilities Corp. Announces 2022 Fourth Quarter and Full Year Financial Results

News for Algonquin Power & Utilities Stock (AQN)