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 Q4 2020

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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 Regulated Services Group and Renewable Energy Group segments. 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 company was founded on August 1, 1988 and is headquartered in Oakville, Canada.

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Private equity veteran David Levenson joins Board of Directors OAKVILLE, ON , Feb. 2, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX: AQN) (NYSE: AQN) today announced its Board of Directors (the "Board") has appointed David Levenson, formerly Managing Partner at Brookfield Asset Management, to the Board, effective immediately. Following Mr.

Algonquin Power & Utilities Corp. Appoints New Independent Director

Algonquin is looking to divest its renewable energy group to address debt and keep its investment-grade credit rating. The utility is currently paying out a 7.1% dividend yield that's 224% covered by adjusted FFO realized during its most recent quarter. A sale of its 42% stake in Atlantica Sustainable Infrastructure would have to be completed against poor stock market conditions for renewables.

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OAKVILLE, ON , Jan. 11, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN") today announced plans to release its fourth quarter and full year 2023 financial results on Friday, March 8, 2024, before market open. AQN will hold an earnings conference call at 8:30 a.m.

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

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OAKVILLE, ON , Jan. 10, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. ("APUC") (TSX: AQN) (NYSE: AQN) today announced that on January 9, 2024, Liberty Utilities Co. ("Liberty Utilities"), APUC's U.S. regulated distribution utility holding company, priced an offering of $500 million aggregate principal amount of 5.577% senior notes due January 31, 2029 (the "2029 Notes") and $350 million aggregate principal amount of 5.869% senior notes due January 31, 2034 (the "2034 Notes" and, together with the 2029 Notes, the "Notes").  Liberty Utilities intends to use the net proceeds from the sale of the Notes to repay indebtedness and/or for other general corporate purposes.

Algonquin Power & Utilities Corp. Announces Pricing of $500 Million of Senior Unsecured Notes due 2029 and $350 Million of Senior Unsecured Notes due 2034

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OAKVILLE, ON , Dec. 19, 2023 /PRNewswire/ - Further to the press releases of Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX: AQN) (NYSE: AQN) dated November 22, 2023 and December 4, 2023, the Company announced today that none of its outstanding 4,800,000 Cumulative Rate Reset Preferred Shares, Series A (the "Series A Preferred Shares") will be converted on January 2, 2024 into Cumulative Floating Rate Preferred Shares, Series B (the "Series B Preferred Shares") of the Company. During the conversion notice period which ran from December 4, 2023 to December 18, 2023, less than 1,000,000 Series A Preferred Shares were tendered for conversion into Series B Preferred Shares.

Algonquin Power & Utilities Corp. Announces Results of Exercise of Conversion Rights of Cumulative Rate Reset Preferred Shares, Series A

Algonquin Power & Utilities Corp. delivered a solid performance from our last update and justified the buy rating. The company is in the process of finding a new CEO and selling its renewable division, which may take 2-3 quarters. We tell you why we are looking for some more upside but the company's mediocre performance likely means that you won't squeeze much more.

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OAKVILLE, ON , Dec. 4, 2023 /PRNewswire/ - Further to the news release of Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX: AQN) (NYSE: AQN) dated November 22, 2023, the Company announced today the applicable dividend rates for its Cumulative Rate Reset Preferred Shares, Series A (the "Series A Preferred Shares") and Cumulative Floating Rate Preferred Shares, Series B (the "Series B Preferred Shares"). With respect to any Series A Preferred Shares that remain outstanding after January 2, 2024, holders thereof will be entitled to receive quarterly fixed cumulative preferential cash dividends, if, as and when declared by the board of directors of the Company (the "Board").

Algonquin Power & Utilities Corp. Announces Dividend Rates on Cumulative Rate Reset Preferred Shares, Series A, and Cumulative Floating Rate Preferred Shares, Series B

Algonquin Power & Utilities Corp. trades at a discount to utility peers with a solid portfolio of generating assets. The company is focused on simplifying and streamlining its operations. Algonquin is selling its renewable energy business to capture the valuation uplift and secure future investment grade bond ratings.

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OAKVILLE, ON , Nov. 22, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX: AQN) (NYSE: AQN) announced today that it does not intend to exercise its right to redeem all or part of the currently outstanding 4,800,000 Cumulative Rate Reset Preferred Shares, Series A (the "Series A Preferred Shares") on January 2, 2024. As a result, subject to certain conditions, the holders of the Series A Preferred Shares have the right to convert all or part of their Series A Preferred Shares, on a one-for-one basis, into Cumulative Floating Rate Preferred Shares, Series B (the "Series B Preferred Shares") on January 2, 2024 (the "Conversion Date").

Algonquin Power & Utilities Corp. Announces Conversion Rights for Cumulative Rate Reset Preferred Shares, Series A

Algonquin Power & Utilities Corp. (NYSE:AQN ) Q3 2023 Earnings Conference Call November 10, 2023 8:30 AM ET Company Participants Brian Chin - Vice President, Investor Relations Christopher Huskilson - Interim Chief Executive Officer Darren Myers - Chief Financial Officer Jeffery Norman - Chief Development Officer Conference Call Participants Sean Steuart - TD Securities Nelson Ng - RBC Capital Markets Dariusz Lozny - Bank of America Rupert Merer - National Bank Jessica Hoyle - Scotiabank David Quezada - Raymond James Operator Hello and welcome to the Algonquin Power and Utilities Corp Third Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

Algonquin Power & Utilities Corp. (AQN) Q3 2023 Earnings Call Transcript

OAKVILLE, ON , Nov. 10, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") today announced financial results for the third quarter ended September 30, 2023. All amounts are shown in United States dollars ("U.S. $" or "$"), unless otherwise noted.

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

OAKVILLE, ON , Nov. 10, 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 January 15, 2024, to the shareholders of record on December 29, 2023, for the period from October 1, 2023 to December 31, 2023. Registered shareholders can elect to receive the dividend in Canadian dollars in the amount of C$0.1497.

Algonquin Power & Utilities Corp. Declares Fourth Quarter 2023 Common Share Dividend of U.S.$0.1085 (C$0.1497), and Declares Fourth Quarter 2023 Preferred Share Dividends

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OAKVILLE, ON , Oct. 11, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN") today announced plans to release its third quarter 2023 financial results on Friday, November 10, 2023, before market open. AQN will hold an earnings conference call at 8:30 a.m.

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

OAKVILLE, ON , Oct. 6, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN", "Algonquin" or the "Company") (TSX: AQN) (NYSE: AQN) today announced that on November 6, 2023 (the "Redemption Date") it will redeem all $287,500,000 aggregate principal amount of its outstanding 6.875% Fixed-to-Floating Subordinated Notes – Series 2018-A due October 17, 2078 (CUSIP No. 015857 709) (the "Notes").

Algonquin Power & Utilities Corp. Announces Redemption of its 6.875% Fixed-to-Floating Subordinated Notes - Series 2018-A due 2078

Algonquin Power & Utilities Corp investors have witnessed the worst hammering as the Fed broke its growth story. Investors are preparing for a higher-for-longer positioning. The company is transitioning to focus on becoming a pure-play regulated utilities business, as its current model is no longer sustainable. However, the timing of the business transition may be challenging due to the recent hammering of utilities stocks.

Algonquin: Nearly Entered Penny Stock Status - Why You Should Avoid

Algonquin Power & Utilities Corp. has faced challenges due to high debt and poor capital allocation policy. Valuation entered a buy-zone in the last few days. We go over expected returns and tell you why the 9.6% yield on the preferred shares can be an attractive alternative.

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Algonquin Power & Utilities Corp. (NYSE:AQN ) Q2 2023 Earnings Conference Call August 10, 2023 8:30 AM ET Company Participants Brian Chin - VP, IR Chris Huskilson - Interim CEO Darren Myers - CFO Johnny Johnston - Chief Operating Officer Jeff Norman - Chief Development Officer Conference Call Participants Dariusz Lozny - Bank of America Sean Steuart - TD Securities Robert Hope - Scotiabank Rupert Merer - National Bank Nelson Ng - RBC Capital Markets Mark Jarvi - CIBC Capital Market Ben Pham - BMO Andrew Kuske - Credit Suisse Naji Baydoun - IA Capital Markets Operator Hello, and welcome to the Algonquin Power & Utilities Corp. Second Quarter 2023 Earnings Conference Call. [Operator Instructions] I would now turn the conference over to Mr.

Algonquin Power & Utilities Corp. (AQN) Q2 2023 Earnings Call Transcript

News for Algonquin Power & Utilities Stock (AQN)